socalTECH
FEBRUARY 28, 2017
San Diego-based software developer Tealium announced on Monday that it has scored a strategic investment from Citi Ventures, as part of Series E investment round. Size of the investment from Citi Ventures was not announced. Tealium, which makes enterprise tag management software, said the funding goes towards development efforts, marketing, product integration, and other efforts at the company.
L.A. Business Journal
FEBRUARY 28, 2017
Double M Partners raising $40 million fund, Google launches YouTubeTV streaming bundle, and H3h3pProductions piles up legal bills.
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socalTECH
FEBRUARY 28, 2017
An outage at Amazon Web Services is causing major downtime across the cloud this morning, as sites which rely on the cloud storage service have been unable to reliably connect all morning. Such sites as the U.S. Securities And Exchange Commission , Slack , Quora , and many others, have been unavailable since Amazon reported "increased error rates" out of its US-EAST-1 zone.
socalTECH
FEBRUARY 28, 2017
Los Angeles-based venture capital fund Double M Partners , which is run by Mark Mullen, is raising a new, $40M venture capital fund, according to a regulatory filing by the firm on Monday. The filing indicates that so far, $18.3M has been raised in the fund, from 49 different investors. Double M has invested in such companies as TheTradeDesk (IPO), Edgecast (acquired by Verizon), Orbitera (acquired by Google), Lettuce (acquired by Intuit), Gradient X (acquired by Singtel), MessageLabs (acquired
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socalTECH
FEBRUARY 28, 2017
Fountain Valley-based flash memory developer Kingston Digital , the flash memory arm of Kingston Technology Company, said it has begun shipping its gigantic, 2TB and 1TB flash drives. The company's DataTraveler Ultimate GT provides up to 2TB of storage and USB 3.1 Gen 1 performance. The company said that's enough storage to store up to 70 hours of 4K video.
socalTECH
FEBRUARY 28, 2017
Venice, California-based Snap --in what will be Southern California's biggest technology IPO, ever--is expected to price its IPO on Wednesday night, and start trading on Thursday morning. The company has set an estimated IPO offering range of between $14.00 and $16.00 per share, and is hoping to sell 200 million shares in its IPO. The IPO will potentially value Snap at more than $22.3 billion, depending on how the reception for the company's shares is among institutional investors, who have been
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