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Clearlake Capital Backs MetricStream In $65M Funding Round

socalTECH

Santa Monica-based private equity investor Clearlake Capital has led a $65M investment round in risk management application developer MetricStream , Clearlake said this morning. Clearlake said the funding also included EDBI, Goldman Sachs, Sageview Capital, and others.

Capital 113
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Geodelic Confirms Verizon Relationship

socalTECH

Santa Monica-based Geodelic , the location-based mobile application development firm run by Rahul Sonnad, confirmed its relationship with Verizon last week. Verizon has been an investor in the firm since June, and Geodelic has been developing applications with Verizon over the last year. READ MORE>>.

Twiistup 187
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I Just Invested in @Burstly, a Mobile Ad Management Company

Both Sides of the Table

I’m very pleased today to announce that I invested, on behalf of GRP Partners, in Burstly alongside Rincon Venture Partners , an early stage VC in Southern California whith whom we love to work (and were our co-investors on RingRevenue ). Naturally I’m excited about this investment or I wouldn’t have done it.

Mobile 282
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Dreamhammer's Dream Of Interoperable Drones

socalTECH

In the world of drone aircraft and robots, right now everyone develops their own, on-board operating systems software to run those autonomous systems. Manufacturers of drones can now have multiple applications that can run on those drones, not just the applications they have built. That''s a key factor. READ MORE>>.

Startup 183
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Is it a Good Idea to Have Ads in Tweets?

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As we learned from our investment in Overture and the subsequent success of Google, “intent-based&# advertising is enormously powerful. A healthy eco-system of application developers is required for any software or Internet company to be massively successful. Why do you think this form of advertising will be effective?

Ideas 286