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Steamboat Ventures Backs Elemental Technologies

socalTECH

Los Angeles-based Steamboat Ventures , the venture capital arm of the Walt Disney Company, has backed a firm developing massively parallel video processing technology, Elemental Technologies. Other investors in the round included General Catalyst and Voyager Capital.

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Steamboat Invests in Chinese Web Analytics Firm

socalTECH

Los Angeles-based Steamboat Ventures , the venture capital arm of The Walt Disney Company, has invested in a Chinese startup which provides web, video, and search analytics, Gridsum Technology. According to Gridsum, Steamboat led its Series A. Size of the funding round was not disclosed. READ MORE>>.

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Passenger Names Technology VP

socalTECH

Los Angeles-based Passenger , an operator of online communities for brands, said Wednesday that it has named Michael Winner as the firm's Senior Vice President of Technology. Passenger is venture backed by Shelter Capital Partners, StarVest Partners and Steamboat Ventures. READ MORE>>.

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Venture Conference Highlights SoCal Startups

socalTECH

Southern California's top startups showed up in force Friday at the Westin South Coast Plaza in Costa Mesa, for the Technology Council of Southern California's annual VentureNet conference. The "best of show" prize went to Magnify360, which develops software for optimizing content and web sites for specific users.