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IDrive Launches New, $10M Startup Fund

socalTECH

Calabasas-based IDrive , the provider of online backup storage led by Raghu Kulkarni, has launched a new, $10M startup fund called IDrive Ventures , the company said Friday. The company said it has already investe in four different companies out of the fund.

Funding 100
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IDrives Launches New, $10M Startup Fund

socalTECH

Calabasas-based IDrive , the provider of online backup storage led by Raghu Kulkarni, has launched a new, $10M startup fund called IDrive Ventures , the company said Friday. The company said it has already investe in four different companies out of the fund.

Funding 100
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FaceCake Gets Funding For Virtual Dressing Rooms

socalTECH

Calabasas-based FaceCake Marketing Technologies , a developer of 3-D, virtual dressing room technology, has raised a round of funding from XG Ventures, a Silicon Valley venture firm whose founders are former Google execs. Amount of the funding was not disclosed.

Funding 190
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Labrador Systems Raises $3.1M For Assistive Robots

socalTECH

Calabasas-based Labrador Systems, a startup developing assistive robots for the disabled, has raised $3.1M in a seed funding, the company said this week. The funding was led by Amazon's Alexa Fund and iRobot Ventures, and also included SOV and Grep VC.

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Lynda.com Inks Massive, $103M Funding Round

socalTECH

According to Eric Robison, the firm's CEO, the funding round will go towards increasing the firm's global reach and expanding content. Meritech Capital also participated in the funding. As part of the big new funding, Andrew Braccia of Accel and Vic Parker of Spectrum have both joined the company's board. READ MORE>>.

Funding 178
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LA tech industry mourns Kobe Bryant

TechCrunch LA

The Los Angeles startup community is joining the rest of the world in mourning the death of NBA superstar, entrepreneur and investor Kobe Bryant who was killed in a helicopter crash in Calabasas, Calif., billion investment vehicle that was launched in partnership with the private equity fund, Permira, according to a report in USA Today.

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Malauzai Software Gets $6.5M More For Banking Apps

socalTECH

in a Series C funding ronud. The funding came from Wellington Capital Management. Malauzai is based in Austin, Texas, but has links to Los Angeles via its executive team, many of whom had worked at Calabasas-based Digital Insight before it was acquired by Intuit. READ MORE>>.

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