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Halla AI Platform for Ecommerce Raises $1.4M Seed Funding

L.A. Business Journal

Burbank-based Shag Enterprises Inc, an artificial intelligence company that’s created a predictive platform for online ordering, announced on May 15 it raised $1.4 million in seed funding led by New York-based E&A Venture Capital.

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Loop Media Unveils Streaming Media Service, Backed By $10M In Funding

socalTECH

A new, Burbank-based startup, Loop Media , said on Thursday afternoon that it has launched a new "short-form" streaming media service, which it says will feature music videos, film trailers, game trailers and TV clips. The startup--which says it has been in "stealth" mode for over two years--says it is backed by $10M in seed funding.

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The Walt Disney Company Contributes $1M To Hurricane Michael Relief Efforts

socalTECH

The Walt Disney Company , which is based in Burbank, said late Thursday evening that it has donated $1M in aid to relief efforts in Florida and nearby areas, after a devastating hit by Hurricane Michael this week.

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Iyuno-SDI Group Gets $160M

socalTECH

Iyuno-SDI Group, a provider of localization services to the media industry with an operation in Burbank, said this week that it has raised $160M in a funding round. The funding came from SoftBank Vision Fund 2. The company has been around since 1965.

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PSI Services Finds Private Equity Funding

socalTECH

Burbank-based PSI Services , a provider of professional testing services to both the commercial and government market, said today that it has scored a private equity investment. The funding came from Waud Capital Partners. Financial details of the funding were not disclosed. PSI is led by Stephen Tapp. READ MORE>>.

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Steamboat Ventures Seeks New $100M Fund

socalTECH

Steamboat Ventures , the venture capital firm linked to The Walt Disney Company, is seeking to raised $100M for its latest fund, Steamboat Ventures V. The investment firm--which once was located in Burbank--has shifted its operations to Hong Kong, and now looks to be focusing strongly on overseas rather than domestic investments.

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Loop Media Powers New Streaming Channel On XUMO

socalTECH

Burbank-based streaming media firm Loop Media says it has launched its first, OTT service, called The Preview Channel , on XUMO TV. Loop Media recently announced its "short-form" streaming startup, saying it raised $10M in funding.

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