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Ferret Finds $4M For AI Tools

socalTECH

Los Angeles-based Ferret, a startup working on artificial inteligence software to help people determine who they can trust, has raised $4M in a seed funding round, according to the company. The company said it was founded by Rob Loughan (former founder of Octane Software) and Al MacDonald (CEO of NominoData).

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Weblife Acquired By ProofPoint For $66M

socalTECH

Los Angeles-based Weblife , a developer of secure, employee web browsing software, has been acquired by Proofpoint , in a $66M all cash deal, the companies announced today. Proofpoint said it will use the acquisition to extend its email malware protection to users' personal email accounts. Nordic Eye said it invested $3.0M

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CapLinked Collects $2.5M As It Shifts Focus To Tokens

socalTECH

Los Angeles-based CapLinked , which develops a range of software used for corporate finance deals and information sharing, has raised a $2.5M in seed funding. The funding came from Alphabit Fund, Translunar One, Kenetic Capital, NextProtocol Ventures, and BKCM. CapLinked's founders are CEO Eric M. READ MORE>>.

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Orbitera Acquired By Google For More Than $100M

socalTECH

West Hollywood-based Orbitera , which develops cloud-based software for managing leads, trial subscriptions, and billing, has been acquired by Google , Google said on Monday. Financial terms of the acquisition were not disclosed. Orbitera was backed by only $2M in a seed funding it received a year ago from Resolute Ventures.

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PlaceVine Scores Seed Funding

socalTECH

The firm was co-founded by Adam Erlebacher and Greg Neichin, who were both involved in Colloquois and GetActive Software, which both saw successful acquisitions. Placevine operates an online site where both marketers and concent producers can find opportunities for product placement and sponsorships. READ MORE>>.

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Rincon Venture Partners Sees Exit At Rentlytics

socalTECH

Santa Barbara-based Rincon Venture Partners , the venture fund which was led by Jim Andelman before Bonfire Ventures, has seen an exit of its portfolio, at San Francisco-based Rentlytics. Rentlytics has been acquired for $57M in cash by RealPage , a Texas software developer for the multi-family real estate industry. READ MORE>>.

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Arianna Huffington’s Thrive Global is buying a startup that uses neuroscience to boost app usage

TechCrunch LA

Now, Thrive Global is adding a tech tool to its arsenal of cognitive behavioral therapies with the acquisition of the Los Angeles-based startup, Boundless Mind. Terms of the deal were not disclosed, but the stock and cash acquisition will see all nine members of the current Boundless team join Thrive Global.