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Report: Veoh Files For Bankruptcy

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San Diego- and Los Angeles-based video sharing site veoh Networks has filed for Chapter 7 bankruptcy, according to web site Mashable. Veoh had raised over $67.5M in funding from such firms as Goldman Sachs, Intel Capital, Shelter Capital Partners, Spark Capital, The Tornante Company, and Time Warner.

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Koji Connects With $20M More

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San Diego-based Koji, which develops an app store for helping creators earn money, said late Tuesday that it has raised $20M in its Series B fundraising. Shapiro previously founded the video sharing site Veoh, and also was the CTO of MySpace, in addition to serving at Google. The company says it has now raised a total of $36M.

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SmartDrive Systems Raises $47M For Better Driving

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San Diego-based SmartDrive Systems , which develops driving safety systems for managing driving fleets, said Monday afternoon that it has raised $47m in a new funding round. The funding came on the same day the firm announced the hiring of former Veoh CEO and Overture GM Steve Mitgang as its new CEO.

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