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With an ARR topping $250 million, LA’s vertical SAAS superstar ServiceTitan is now worth $8.3 billion

TechCrunch LA

That’s how much Los Angeles-based ServiceTitan , a startup founded just eight years ago is worth now, thanks to some massive tailwinds around homebuilding and energy efficiency that are serving to boost the company’s bottom line and netting it an unprecedented valuation for a vertical software company, according to bankers.

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TrackStreet Takes $2M For E-Commerce Monitoring

socalTECH

Santa Barbara-based TrackStreet , a developer of software to help manufacturers monitor their channel and e-commerce sites--and in particular, minimum-advertising-price (MAP) policies--has raised $2M in seed funding, the company said Wednesday.

Commerce 124
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Recurring Revenue Conference

SoCal Tech Calendar

Join local entrepreneurs, SaaS innovators, leading VCs, private equity/angel investors April 26, 2017 at the Recurring Revenue Conference (www.recurringrevenueconference.com) presented by Sutton Capital Partners. SoCalTECH100off for a $100 discount on the ticket price. Wednesday, April 26, 2017 -- Recurring Revenue Conference.

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What Does the Post Crash VC Market Look Like?

Both Sides of the Table

<== Our conclusion was that this isn’t a temporary blip that will swiftly trend-back up in a V-shaped recovery of valuations but rather represented a new normal on how the market will price these companies somewhat permanently. When you look at how much median valuations were driven up in the past 5 years alone it’s bananas.

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The Changing Venture Landscape

Both Sides of the Table

On the other hand, the biggest winners will turn out to be much larger than the prices people paid for them and this will happen faster than at any time in human history. Before Twitter he held similar roles at SuccessFactors (SaaS), Akamai (telecoms infrastructure), McAfee (Security Software) and was an investment banker.

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SOA Software Debuts New Product

socalTECH

Los Angeles-based SOA Software said this morning that it has launched a new product. Pricing on the new product was not announced. software management middleware saas enterprise datacenter' READ MORE>>.

Software 173
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SOA Software Bolsters Microsoft Support With New Product

socalTECH

Los Angeles-based SOA Software , which develops products for managing the connections between enterprise software, said today that it has added a new product aimed at the Microsoft environment. Pricing on the new product was not announced. Pricing on the new product was not announced. READ MORE>>.

Software 159