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LeaseLock Raises $52 Million in Bid to Eliminate Security Deposits

L.A. Business Journal

Insurance technology startup LeaseLock Inc. has ambitious plans to make security deposits irrelevant, and the Marina del Rey-based business now has significantly more funding to make that happen.

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Amazon Alexa Fund Backs USC Viterbi Startup Garage

socalTECH

The USC Viterbi Startup Garage , the startup accelerator that is part of the University of Southern California, has scored backing from the Amazon Alexa Fund , the venture investment arm of Amazon that invests in startups using Amazon Alexa. Financial details of the investment by the Amazon Alexa Fund were not announced.

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Interview with Dave Eastman, Viterbi Startup Garage

socalTECH

For today's interview, we spoke to Dave Eastman, the Director of the Viterbi Startup Garage, a startup incubator that is run by the University of Southern California, out of its location in Marina Del Rey. What is Viterbi Startup Garage? How are you different from other startup incubators, etc?

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The Riveter Takes $15M To Expand Beyond Los Angeles, Seattle

socalTECH

Female co-working space operator The Riveter --which operates coworking space both in West Los Angeles and Marina Del Rey--said this week that it has raise $15M in a Series A funding round. READ MORE>>.

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USC's Startup Accelerator Targets 10 Companies, Starts In May

socalTECH

The startup accelerator will actually based based at USC's Information Sciences Institute in Marina Del Rey. The startup accelerator will actually based based at USC's Information Sciences Institute in Marina Del Rey. READ MORE>>.

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Twenty20 Gets $20M For Crowdsourced Stock Photography

socalTECH

Marina Del Rey-based Twenty20 is taking aim at the stock photography market, announcing this morning that it has raised $20M in a Series A funding and launched its commercial image catalog out of beta. Twenty20 said that existing, stock image sites have left a vacuum due to their "staged, dated photos".

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Southern California Companies Raise $2.49 Billion In VC In Q2

socalTECH

The boost in funding came despite a lower overall deal count, with 89 funding deals in Q2, versus 97 in Q1. The big numbers were directly impacted by several large fundings in Southern California--most notably, a giant, $1.27 billion round for Venice based Snapchat. billion raised in the region just a year ago in Q1 of 2015.