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Flywheel Expands Into Los Angeles, Ramps Up Taxi vs. Rideshare Battle

socalTECH

The fight between Los Angeles taxicab drivers and services like Lyft and Uber haas just gotten even more interesting, as mobile app developer Flywheel said it has launched in Los Angeles. Flywheel''s service is available across LA except Santa Monica and Beverly Hills. READ MORE>>.

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LA-based Boulevard raises $27 million for its spa management software

TechCrunch LA

They spoke with salon owners in Beverly Hills, Hollywood and other trendy neighborhoods trying to get a sense of where software and services were falling short. Through those months of interviews the two developed the booking management and payment platform that would become Boulevard.

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RealD Names New CFO

socalTECH

Beverly Hills-based 3D movie projection system developer RealD announced on Monday that it has named Jeff Spain as the comapny's new Chief Financial Officer. RealD said that Spain has over 20 years of experience with public, venture, and private equity-backed companies. Spain was previously CFO of Rentech Inc.

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Snowball Factory Raises Funding

socalTECH

Beverly Hills-based The Snowball Factory , the developer of Awe.sm , a URL shortener for domains, and tweetpo.st , software for updating Facebook from Twitter, has raised $562,600 in an equity funding round, according to a regulatory filing from the firm Tuesday. Source of the funding was not disclosed.

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Aviron Capital Acquires Stake In Kino Industries

socalTECH

Beverly Hills-based Aviron Capital , a consortium of financiers with primary backing from by private equity investor BlackRock, said this morning that it has acquired a "substantial equity stake" in Kino Industries , the developer of an interactive movie technology called CtrlMovie. READ MORE>>.

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Ostendo Raising Funds to Advance Virtual Reality Display Technology

Xconomy

The financing includes both new investment funding and a conversion of debt to equity, according to a notation in the filing. Ostendo declined my request to talk with CEO Hussein El-Ghoroury about the new funding and about the virtual reality display technology the company has been developing for over a decade.