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3 Reasons SaaS Savvy Entrepreneurs Don’t Build Their Own Portals

InfoChachkie

Even entrepreneurs that already sold on SaaS should stake note of new research from the SalientGroup : SaaS gets funded - Nearly 50% of SaaS-based startups are getting successfully funded—a rate of funding success no other sector can match. Overall, according to Gartner, the SaaS market will top $22 billion by 2015.

SaaS 100
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Pitching access management on the fly, Los Angeles-based Britive raises $5.4 million

TechCrunch LA

LA gets a big SaaS exit as Fastly nabs the Culver City-based Signal Sciences for $775M. Both Poghosyan and Gudanis have long histories in identity and access management, back in 2009 Poghosyan founded Advancive Technology Solutions, which was acquired by Optiv in 2015 to bulk up its identity access management service.

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Black Mountain Systems Acquired By Vista Equity Partners

socalTECH

San Diego-based Black Mountain Systems , a developer of software for credit investors and alternative asset managers, has been acquired by private equity firm Vista Equity Partners. Black Mountain Systems was previously owned by another, private equity investor, Stone Point Capital LLC , which acquired Black Mountain in 2015.

Equity 113
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Bionic Hands, Mind Control, and AI Oh My! | Techstars Disney Accelerator Class of 2015

Tech Zulu Event

Techstars Disney Accelerator class of 2015 was announced yesterday. StatMuse is developing an artificial intelligence platform to help sports fans explore data using simple, natural language. The participants will receive up to $120,000 in investment from Disney to develop their ideas, along with mentoring from executives.

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Zesty Reinvents Itself With New Cash for Automated Web Tech

Xconomy

Zesty.io, a San Diego Web development firm, has raised $1.3 CEO Randy Apuzzo said Zesty changed from a Web development firm to to SaaS in 2015, with the guidance of successful entrepreneurs like GoFundMe co-founder Andy Ballester, Rocket League video game creator Dave Hagewood, and Facebook early operations engineer Taner Halicioglu.

Web 71
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Anchore Gets $5M For Software Container Security

socalTECH

Santa Barbara-based Anchore , which is developing security software aimed at the "container" market, has raised $5M in a funding round, the company disclosed this morning. The funding came from local angel Andreas von Blottnitz, along with Doug Carlisle of Menlo Ventures. Anchore is led by Said Ziouani, a veteran of Eucalyptus and Ansible.

Software 160
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Chrome River Claims Big User Growth

socalTECH

Los Angeles-based enterprise software developer Chrome River , which develops cloud-based expense management and supplier invoicing software, says it grew its user base by 82 percent, year over year. The company said it had record growth in 2015, and now has over 430 enterprise customers and more than 1 million users.

Equity 100