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Gravity Acquired By AOL For $83M

socalTECH

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 earnout. in total funding. READ MORE>>.

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Lastline Names Two Executives

socalTECH

Security software developer Lastline announced this morning that it has named two new executives, to bolster its leadership team. Laing was previously co-founder of Redseal Systems, and also had been founder of Blade Software. Lastline is a developer of malware defense tools for the enterprise market. READ MORE>>.

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

socalTECH

Frank Slootman , the CEO of San Diego-based ServiceNow , headed up the software developer''s very successful IPO last year. Rowe Price, Fidelity, Tiger Global, and Sutter Hill, Greylock, Redpoint, and Index Ventures. That funding came from T. READ MORE>>.

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Kutcher, Oseary Back Gigster Next To Michael Jordan

socalTECH

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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FloQast Raises $110M

socalTECH

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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Redpoint Ventures (www.redpoint.com). Murano Software (www.muranosoft.com). Your Software Development Partner. Thanks to all of our sponsors, who make our coverage of Southern California's technology industry possible: Sponsors. Backing Southern California's next great technology companies. Helping entrepreneurs succeed.

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This Week in VC Episode 6 with @Jason Calacanis: Best One Yet

Both Sides of the Table

StackOverflow – We both have a love fest for Joel Spolsky who also co-founded Fog Creek Software. He is the author of “ Joel on Software ” and I was a reader nearly 10 years ago when I had never heard of Fred Wilson, Brad Feld and VentureHacks didn’t exist. Rumored to be appox. Primarily targets SMBs.