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Cartwheel Collects $1M From Portillo's, Others For On-Demand Delivery

socalTECH

Los Angeles-based Cartwheel, a startup that develops on-demand delivery management software, says it has raised $1M in a seed funding round, which came from TenOneTen Ventures, Act One Ventures, as well as famed hot dog restaurant chain Portillo's Hot Dogs, along with other angels.

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What I Learned in 2014: Kevin Winston

socalTECH

As founder of Digital LA, I run one to two tech events every week bringing together tech, startups, investors, Hollywood, developers designers, and more. My most significant event of 2014 is definitely Silicon Beach Fest, the multi-day tech community fest, which just keeps getting bigger. What was your biggest lesson learned this year?

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Rubicon Project Buys RTK.io

socalTECH

Los Angeles-based advertising exchange operator Rubicon Project said this morning that it has acquired RTK.io , a developer of open source, header bidding solutions for publishers. Rubicon says that RTK's solutions are build on the same, open source framework as its own, Demand Manager product portfolio, Prebid. READ MORE>>.

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Google partners with Sony Pictures Imageworks to launch an open source VFX render manager

TechCrunch LA

That includes the launch of its Los Angeles cloud region last year, as well as its acquisition of the Zync cloud renderer back in 2014. Google, of course, is interested in bringing these workloads to its cloud and it has made a concerted effort to bring the Hollywood studios to its Cloud Platform.

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AppOnboard raises $15 million to let Android users try before they buy apps on Google Play

TechCrunch LA

Pitching app developers with a new way to convert app browsers into actual customers, AppOnboard has raised $15 million in a new round of funding, the company said. Zweig was one of the architects behind the success of AdColony, a startup which sold to Opera Software in 2014 for $350 million.

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ServiceTitan is LA’s least likely contender to be the next billion-dollar startup

TechCrunch LA

Located at the southeastern tip of the San Fernando Valley, the Los Angeles suburb counts its biggest employers as the adhesive manufacturer Avery Dennison; the Los Angeles industrial team for the real estate developer CBRE; the International House of Pancakes; Disney Consumer Products; DreamWorks Studios; Walt Disney Animation and Univision.

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Don’t Let Faux Unicorns Screw Up Your Financing

InfoChachkie

It is no secret that the number of private companies with valuations in excess of one billion dollars has skyrocketed since the start of 2014. As show in CBInsight’s chart, the number of such “unicorns” created during the first half of 2014 was roughly equivalent to the number created during the prior three years.

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