The State of Cybersecurity Insurance Today

Xconomy

Cyber incidents are considered the No. 1 emerging risk for enterprises long-term. No surprise, then, that cybersecurity insurance policy premiums are approaching $2.75 billion a year. Some experts believe this figure will grow to roughly $20 billion by 2025.

AdventureLink Buys Competitor, Get Investment

socalTECH

According to AdventureLink, the all-stock deal also included a new investment from Allegis Capital. Tags: travel merger adventurelink acquisition venture capital allegis adventure

Invest 151

VC Confidence Holds Steady in Quarterly Survey, But Reasons Change

Xconomy

Industry Needs Common Security Standards to Thwart IoT Attacks

Xconomy

A silver lining has emerged in the wake of the massive and well-publicized denial-of-service attack launched less than two months ago by hackers using millions of IoT devices to cripple the websites of major companies like Amazon, Netflix and Twitter.

Trump Administration Needs To Set U.S. Cybersecurity Mandates

Xconomy

Cybersecurity is the penultimate existential risk to the United States—economically, militarily, socially, and as we have seen recently, politically. The nature of cyber is asymmetric, and given the size of the U.S.

Amid Comey Furor, Companies React to Trump’s Cybersecurity Order

Xconomy

On a day dominated by news about President Trump’s firing of FBI director James Comey, and its impact on the ongoing investigation of Russian hacking of the 2016 presidential election, two significant developments for the cybersecurity industry also emerged Thursday. First, President Trump signed an executive order laying out plans to shore up data security for federal agencies as well as for critical U.S. infrastructure, which can include private companies such as electric utilities.

March Capital Re-Ups On E8 Security

socalTECH

E8 Security said on Tuesday that it has raised $12M in Series B funding, led by Strategic Cyber Ventures, and also including prior investors March Capital Partners, Allegis Capital, and The Hive. Santa Monica-based venture investor March Capital Partners has re-upped on one of its portfolio companies, Redwood City-based E8 Security , which develops software used to analyze cybersecurity threats.

LRES Sets New Sales VP

socalTECH

Bye's LinkedIn profile shows he had two very brief, recent stints at Nationwide Property & Appraisal Services and Allegiance Title. Orange, California-based real estate technology and services provider LRES has named Mike Bye as its new Vice President of Sales, according to the company. Bye will be responsible for reporting on all sales activities and establishing and managing client relationships.

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PR Is A Passion Play That Cannot Be Outsourced

InfoChachkie

You Are Not Really The Client - A PR agency’s true allegiance is not to you. An in-house PR person is not hampered by such media allegiances and will thus launch an aggressive campaign to ensure that your story is heard.

EMN8 Scores $12.2M More

socalTECH

EMN8 has previously raised capital from Allegis Capital, GRP Partners, Sid R. Bass Associates and Allegis Capital continue to have board seats at EMN8. San Diego-based EMN8 , a developer of fast food ordering kiosks for restaurants, has raised $12.2M out of an ongoing, $18.186M funding round, according to a regulatory filing from the firm last week. Source of the new funding was not disclosed. Bass Associates, and Steamboat Ventures. The filing indicates Sid R.

March Capital Partners Backs E8 Security

socalTECH

March Capital Partners led the investment, which also included Allegis Capital and The Hive. Santa Monica-based March Capital Partners , the venture capital investment firm led by Jim Armstrong, Sumant Mandal, Gregory Milkin, and Jamie Montgomery, is the lead investor in a new cyber security startup, E8 Security. E8 Security said Tuesday that it had raised $9.8M in a Series A funding, for its cyber security analytics software, used to help detect cyber attacks.

Coraid Heads North After Getting Funding

socalTECH

Coraid said today that it raised $10M in Series A funding from Allegis Capital and Azure Capital Partners, and is now headquartered in Redwood Shores. Coraid , a developer of data storage blades, is moving its headquarters to the Bay Area, after raising $10M in funding. The firm had previously based itself in San Clemente.

ClariPhy Ties With Cortina Systems

socalTECH

ClariPhy is venture backed by Allegis Capital, Norwest Venture Partners, Oclaro, Onset Ventures, Nokia Seimens Networks and Pacific General Ventures. Irvine-based ClariPhy , the developer of digital signal processing, mixed-signal semiconductors for the optical networking market, said today that it has linked with Cortina Systems , a fellow semiconductor maker in the optical networking space.

OK, So Maybe Not ALL MBA Entrepreneurs Are Oxymorons

InfoChachkie

The close allegiance between Wall Street and top business schools facilitates MBA entrepreneurs’ fundraising efforts, especially for consumer-oriented companies which can require outlandish amounts of capital to reach critical mass. A version of this article previously appeared in Forbes.

Investment in Digital Media

SoCal Tech Calendar

PANELISTS: Jon Funk, Managing Director, Ocean Road Partners (former Managing Partner, Allegis Capital) Stephen Hughes, Senior Relationship Manager, Silicon Valley Bank Stephen Royer, President and CEO, Shamrock Capital David Travers, Partner, Rustic Canyon Partners David Young, Head of Southern California Corporate and Finance Practice, DLA Piper LLP. Tuesday, May 3, 2011 -- Investment in Digital Media. Panel discussion exploring current investment trends in digital media.

AdventureLink Gets $1.29M

socalTECH

Source of the new funding was not disclosed, however, it appears that prior investors Anthem Ventures and Allegis Capital participated in the new funding round.

Telcentris Boosts Sales Team

socalTECH

Peterson has previously served at CommPartners, Mpower Communications, Allegiant Air, WestAir Holding/United Express, and AirCal. San Diego-based Telcentris , the operator of the VoxOx and VoxOx in Business voice-over-IP services, said last week that it has bolstered its sales team, hiring a new VP of Wholesale Sales. The firm said it has hired Mark Peterson to the new position, to drive its wholesale growth strategy. Peterson reports to Tad Nikolich, VP of Business Sales for Telcentris.

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EMN8 Gets $3.1M More

socalTECH

Bass & Associates and Allegis Capital participated in this funding round, and continue to have representatives on the firm's board; the firm has also raised funding in the past from GRP Partners, and Fort Washington Capital. San Diego-based EMN8 , a developer of automated order taking kiosks for the fast food and retail industry, has raised another $3.1M in funding, according to a regulatory filing by the firm today. No details have been announced yet by the company.

EMN8 Raises $50M, Acquires Snapfinger

socalTECH

Bass Associates, and also included Allegis Capital and individual investors. Los Angeles-based restaurant ordering systems developer EMN8 said this morning that it has acquired Snapfinger , a developer of remote ordering products for the casual dining industry. As part of the acquisition, EMN8 said it raised $50M in a new funding, to both acquire Snapfinger and expand its platforms. The new funding was led by Sid R.

AdventureLink Raises $1.29M

socalTECH

Source of the new funding was not disclosed, however, it appears that prior investors Anthem Ventures and Allegis Capital participated in the new funding round.

ClariPhy Links With Oclaro

socalTECH

ClariPhy's investors include Nokia Siemens Networks, Oclaro, Norwest Venture Partners, Onset Ventures, Allegis Capital and Pacific General Ventures. Irvine-based ClariPhy , the developer of mixed signal digital signal processing chips for the optical networking industry, said today that it has tied together with Oclaro on a 40 Gbps reference design. The two said the design will accelerate the adoptions of coherent optical components in the optical networking market.

EMN8 Raises $14.4M

socalTECH

According to the filing, representatives from RMT Family Partners and Allegis Capital are now on its board. San Diego-based b>EMN8 , a developer of order taking kiosks for the fast food industry, has raised $14.4M in a funding round, according to a regulatory filing by the firm this week. The funding has not been announced by the company. EMN8 is backed by GRP Partners, Sid R. Bass Associates, and Fort Washington Capital.

LAVA hosts PwC's Shaking the MoneyTree

SoCal Tech Calendar

Moderator: Randy Churchill, Director, Emerging Company Services, PwC; Current Confirmed Panelists: John Babcock, Partner, Rustic Canyon Partners; Jonathan Funk, Managing Director, Allegis Capital; Klaus Koch, Managing Partner, Vicente Capital Partners; Al Schneider, Co-Founder and Vice Chairman, Pasadena Angels. Thursday, December 2, 2010 -- LAVA hosts PwC's Shaking the MoneyTree.

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eBay Sells Rent.com

socalTECH

The sale to eBay had been a big win for Allegis Capital, Bank of America Venture Partners, Insignia Financial, Kline Hawkes, Rosewood Capital, and Thomas Weisel Partners. One of Southern California's big startup successes-- Rent.com --which was sold to eBay back in 2004, has just been sold. eBay said Thursday that it has sold Rent.com to PRIMEDIA , the publisher of apartment and rental home information and listings. Financial terms of the deal were not announced.

AdventureLink Snags CEO From Yahoo

socalTECH

AdventureLink is venture funded by Anthem Venture Partners, The Mailroom Fund, and Allegis Capital. Los Angeles-based AdventureLink , a venture funded online adventure travel booking site, said Friday that it has appointed Jeff Dossett as the firm's Chief Executive Officer.

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Insights and Opinions: Returns from Southern California IT IPO's 1995-2009

socalTECH

Funk has been an early stage venture capitalist at Allegis Capital, and was an investor in Sandpiper Networks, Rent.com and Shopzilla. For our latest Insights and Opinions.

Autobytel Links With DriverSide.com

socalTECH

DriverSide is based in San Francisco, and venture backed by Allegis Capital and Catamount Ventures. Irvine-based Autobytel and DriverSide , an online site which provides information about maintaining auto vehicles, said today that the two have teamed together on a relaunch of Autobytel's MyGarage feature. MyGarage was Autobytel's section for tracking auto maintenance and other information about users' cars.

ClariPhy Nabs $24M

socalTECH

The round included new strategic investor Oclaro, multiple un-named telecom OEMs, as well as existing investors Norwest Venture Partners, Allegis Capital, ONSET Ventures, and Pacific General Partners. Irvine-based ClariPhy Communications , a developer of mixed signal, digital signal processing semiconductors for the optical market, announced this morning that it has raised $24M in a Series C funding round.

ClariPhy Names CEO

socalTECH

ClariPhy is venture backed by Allegis Capital, Norwest Venture Partners, Oclaro, Onset Ventures, Nokia Siemens Networks and Pacific General Ventures. Irvine-based ClariPhy Communications , a developer of mixed-signal, digital signal processing (DSP) systems-on-a-chip, said today that it has named Nariman Yousefi as its new CEO and President. Yousefi is a Broadcom veteran, having served at Broadcom for 17 years, as a part of that firm's Enterprise Networking Group.

Insights and Opinions: Returns From Southern California IPOs

socalTECH

Funk is a venture capitalist who founded OceanRoad Partners and has been a Managing Director with Allegis Capital, where he invested in Sandpiper Networks, Rent.com and Shopzilla.

What Entrepreneurs Can Learn From The Grateful Dead

InfoChachkie

Such remote devotees were motivated to make occasional visits to ballparks, trips that they otherwise would never have made had radio not bolstered their allegiance. “Contrariwise,” continued Tweedledee, “If it was so, it might be; and if it were so, it would be; but as it isn’t, it ain’t.

Staccato Wireless Gets Design Win

socalTECH

Staccato is backed by Allegis Capital, Amadeus Capital Partners, Bay Partners, Charles River Ventures, Formative Ventures, Intel Capital, Interwest Partners, Khosla Ventures, Noble Venture Finance, Oak Investment Partners and Vision Capital; the firm recently merged with competitor Artimi in November. San Diego-based Staccato Communications, which develops ultra-wideband (UWB) and wireless USB technology, has scored a design win with Imation.

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Report Tallies $7.7 Billion In SoCal IT Exits In 2011

socalTECH

Ocean Road Partners is the consulting firm headed by venture capitalist Jon Funk, who has been investing in Southern California for over 25 years, and has been a Managing Director with Allegis Capital since its founding in 1996. A new report released today tallies up $7.7 billion in IT exits in 2011, the highest since 2000, for Southern California IT firms. The report--compiled by Ocean Road Partners--included both venture-backed and self-financed information technology companies.

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Four Sites To Add Adventure To Your Summer Travel Plans

socalTECH

AdventureLink is backed by Allegis Capital, Anthem Ventures, and the Mailroom Fund, and is run by adventurer Jeff Dossett. Planning out the rest of your summer travel plans? Hoping to get out of the office before the summer is over? Trying to figure out what/where you will go in August?

Sites 176

Staccato Merges With Artimi, Gets $20M

socalTECH

According to Staccato, the funding came from Allegis Capital, Amadeus Capital Partners, Bay Partners, Charles River Ventures, Formative Ventures, Intel Capital, Interwest Partners, Khosla Ventures, Noble Venture Finance, Oak Investment Partners and Vision Capital. San Diego-based Staccato Communications, a developer of ultra-wideband wireless semiconductors, announced today that it has merged with fellow UWB developer Artimi, Inc., and raised $20M in new funding.