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Shamrock Capital Backs Pixellot In $30M Funding

socalTECH

Los Angeles-based private equity investor Shamrock Capital reports this morning that it has led a $30M investment in Pixellot , an Israeli firm developing automatic, artificial intelligence-driven software for producing streaming sports video. Pixellot has now raised more than $40M in funding. READ MORE>>.

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Tourmaline Labs Raises Funding, Names New CEO

socalTECH

San Diego-based Tourmaline Labs , a startup developing location-aware smartphone software for mobile apps hsa raised a round of funding, and appointed a new CEO. According to Torumaline Labs, it has received an investment from ClearVision Equity Partners, and appointed Marc Brungger as its new CEO. Lukas Kuhn and Sven Beerweiler.

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LA, and Southern California's Surge In Venture Capital Funds

socalTECH

Those local funds are on top of a massive injection of funding from out of area venture capitalists, private equity funds, family offices, and strategic investors. List ordered by fund size). Upfront Ventures. upfront.com. Fika Ventures. Fund size: $40M. HashTagOne. hashtagone.com. Fund size: $20M. Fund size: Not disclosed, but $7.2M

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How Kixer Is Connecting Mobile Web Users To Apps

socalTECH

Many online business today have a big problem: users are increasingly coming to their websites as mobile users, not desktop users, which means lower ad revenues and conversions. How do you make those mobile users just as profitable as desktop users? All of the sudden, there was a growth in users coming from mobile platforms.

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Snap’s Yellow accelerator debuts its third batch of investments

TechCrunch LA

The group occupies some familiar spaces for past investments, with a focus on niche social communities, mobile media tools and augmented reality. TRASH : an app for quickly editing social video cuts using machine learning. Snap investment Hardworkers. SketchAR : an augmented reality drawing app with social tie-ins.

Invest 237
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Best Buy Acquires GTCR’s GreatCall for $800M, Eyeing Aging Boomers

Xconomy

Best Buy is paying $800 million in cash for GreatCall, a San Diego-based healthtech company which private equity firm GTCR bought early last year. GreatCall operates a virtual mobile telecommunications network for a customers base of more than 900,000 elderly consumers.

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With $30M Infusion, Certona Aims for Bigger Share of Digital Retail

Xconomy

Certona describes itself as an “omnichannel” vendor—meaning its technology enables retailers to collect consumer data across online, mobile, e-mail, call center, and in-store interactions. Certona uses the data to offer shoppers personalized options based on “real-time profiling.”.