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Social Networking Startup MeWe Raises $4.5 Million

L.A. Business Journal

Culver City-based social networking startup Sgrouples Inc., doing business as MeWe, announced it raised $4.5 million in a venture round, bringing its total funding to $15 million since launching in 2012.

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OpenX Expands To Culver City

socalTECH

Los Angeles-based advertising technology and ad network operator OpenX is expanding in the Los Angeles area, saying this morning that it has opened up a new, Culver City office. The office is the company's seventh office worldwide, and the third in California.

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Sony Pictures Corporate Network Shut Down By Hacker

socalTECH

Operations over at Culver City-based Sony Pictures have apparently been completely shut down by a hacker, who apparently hacked into and disabled the company''s corporate network. Sony Pictures employees are apparently unable to access their corporate email or any computers.

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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. Fastly was founded to meet developers’ need for greater visibility and control.

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TechZulu Final Friday at NextSpace Coworking Culver City (#TZFF)

Tech Zulu Event

This month TechZulu is heading to NextSpace Coworking in Culver City! For those unfamiliar, held the last Friday of every month, TechZulu Final Fridays (#TZFF) are a creative blend between mentorship, networking event, startup showcase, and community celebration. 8pm – 11pm Startup Demos and Community Networking.

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Maker Studios Acquired By Disney For $500M

socalTECH

Culver City-based YouTube network Maker Studios has been acquired by Burbank-based Walt Disney Company , in a deal worth $500M, plus up to $450M in performance earn out. Maker operates a network of YouTube content channels--over 55,000--which gets 5.5 Disney said Maker Studios will remain headquartered in Culver City.

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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.