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Prime Focus Technologies Gets Private Equity Investment

socalTECH

Los Angeles-based Prime Focus Technologies , a developer of ERP software for the media industry, says it has received its first round of funding from private equity investor Ambit Pragma. Size of the investment was not announced. The company has a significant presence in India, with headquarters here in Culver City.

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LA gets a big SaaS exit as Fastly nabs the Culver City-based Signal Sciences for $775M

TechCrunch LA

Los Angeles was always more than a one-industry town, even when it comes to technology startups, as media and entertainment (and social networking) were always the big draws in Tinseltown. Signal Sciences secures $35 million investment to protect web apps. Morgan Stanley & Co.

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PacketFabric Picks Up $25M For Terabit Scale Network

socalTECH

Culver City-based PacketFabric , a startup working on connecting major, carrier-neutral colocation facilities with terabit-scale network technology, has raised $25M in a Series B funding, according to the company. According to PacketFabric, it now has a presence at more than 150 Points of Presence (PoPs) in 17 metro markets.

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White House Order Bans TikTok, WeChat

socalTECH

The executive order cited a "national emergency with respect to the information and communications technology and services supply chain". employees, with its largest office in Culver City. TikTok has 1500 U.S. READ MORE>>.

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Techstars LA Draws International Companies For 2021 Class

socalTECH

Techstars LA, the startup accelerator headed up by Matt Kozlov, announced its 2021 class this week, drawing an international group of twelve new companies to its startup accelerator in Culver City.

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Getaround Expands Car Sharing Service To LA

socalTECH

The San Francisco company's service works through something called Getaround Connect, technology which allows renters to locate and unlock a car using an iOS or Android smartphone app. The company had a soft launch in LA in March to onboard the first 50 car owners onto its platform. READ MORE>>.

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Cast & Crew Completes Caps Payroll Buy

socalTECH

Burbank-based Cast & Crew Entertainment Services , the provider of technology and payroll, and production management services for the entertainment industry, said on Monday that it has completed its acquisition of Culver City-based CAPS Payroll.