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FloQast Raises $110M

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Los Angeles-based accounting software developer FloQast said this morning that it has raised $110M in its Series D funding round, with its latest valuation putting the company into unicorn territory, at $1.2 The company develops financial close management software, used for financial reporting.

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Upfront Ventures Backs Tact In $15M Funding

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Los Angeles-based venture capital investor Upfront Ventures is the lead investor in a new, $15M Series B funding round for artificial intelligence software developer Tact. Tact develops artificial intelligence software for Salesforce which helps salespeople automate data entry into their CRM systems.

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Kutcher, Oseary Back Gigster Next To Michael Jordan

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Ashton Kutcher and Guy Oseary 's Sound Ventures, which is based in Los Angeles, has made an investment in the Series B funding round for San Francisco-based software development provider Gigster , in a round that also included basketball legend Michael Jordan. READ MORE>>.

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Gravity Acquired By AOL For $83M

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Santa Monica-based Gravity , the real-time, personalization software developer led by Amit Kapur, has been acquired by AOL , in a deal worth $83M, plus $7.7M Gravity was venture backed by August Capital, Redpoint Ventures, and Upfront Ventures, and had raised around $20.6M in total funding. in total funding.

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ServiceNow's Slootman Aligns With Pre-IPO Flash Storage Firm

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Frank Slootman , the CEO of San Diego-based ServiceNow , headed up the software developer''s very successful IPO last year. Pure Storage, which is based in Silicon Valley, announced the addition of Slootman to its board today, along with a huge, $150M funding. That funding came from T. READ MORE>>.

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Thanks to our sponsors!

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Redpoint Ventures (www.redpoint.com). and international patent and trademark procurement - IP Litigation - IP Licenses and Agreements: distribution, development, joint venture - Intellectual property aspects of mergers and acquisitions. Backing Southern California's next great technology companies. Silicon Valley Bank (www.svb.com).

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Thanks to our sponsors!

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A quick message on a very busy funding day, to thanks to all of our sponsors, who make our coverage of Southern California's technology industry possible: Sponsors. Redpoint Ventures (www.redpoint.com). Murano Software (www.muranosoft.com). Your Software Development Partner. Silicon Valley Bank (www.svb.com).