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Wiliot Finds $30M More From Amazon Web Services, Others

socalTECH

The funding, a Series B, came from Amazon Web Services, Samsung Venture Investment Corp., Wiliot has previously raised funding from Qualcomm Ventures, Norwest Venture Partners, 83North Venture Capital, Grove Venture Partners, and M Partners. and Avery Dennison Corp. READ MORE>>.

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Web On The Go Launches No-Contract, Mobile Internet Service

socalTECH

Web On The Go , a new, low cost mobile Internet provider backed by Los Angeles-based Telscape Communications , said this week that it has launched its services. The service said it will provide a low cost, mobile Internet service which costs $4.59 Telscape is a Los Angeles provider of telecom services.

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Make It Work Expands Into Web Services

socalTECH

Santa Barbara-based Make It Work , the in-home computer and electronics service and help firm headed by Eric David Greenspan, said this week that it has launched a new web and social media services arm. The firm is backed by The Tech Coast Angels, Frontera Capital, Somera Ventures, and others. READ MORE>>.

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March Capital Backed SpyCloud Adds $21M

socalTECH

SpyCloud , a startup which develops cybersecurity products used to prevent account takeovers and which is backed by Santa Monica-based March Capital Partners , has raised $21M more in a Series B funding round, the company announced this morning. March Capital Partners co-led the Series A funding round for SpyCloud in 2018.

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SmartAction Finds Funding From Staley, TVC Capital

socalTECH

El Seguno-based SmartAction , which is developing artificial intelligence-driven, call center automation software, said today that it has raised funding in a management recapitalization by private equity investors Staley Capital and TVC Capital. Staley Capital is based in Boston, and TVC Capital is based in San Diego.

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Divshot Raises $1.1M For Visual Web App Software

socalTECH

Need to build a web application, and wish you could do it in a more intuitive, visual way? in a seed financing round, for its drag-and-drop software for building web applications. The company said it hopes to create a tool for the web development market as Adobe's Creative Suite is for visual design. READ MORE>>.

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Why Venture Capital is So Much More Compelling Now

Both Sides of the Table

It’s not hard to find people willing to write the narrative that “venture capital is not an asset class” or “venture capital has performed terribly.” Having worked through the data with Glenn I am even more optimistic about venture capital than I was even a year ago.