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Steamboat Ventures Backs Elemental Technologies

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Los Angeles-based Steamboat Ventures , the venture capital arm of the Walt Disney Company, has backed a firm developing massively parallel video processing technology, Elemental Technologies. According to Elemental, which is based in Portland, Steamboat was a new investor in its $7.5M, Series B funding round.

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Kofax Buys Kapow Technologies

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Irvine-based Kofax has acquired Kapow Technologies , a provider of data integration software, the firm announced Wednesday. Kofax said the acquisition will help grow its sales organization and accelerate its software revenue growth. Kapow''s investors included Steamboat Ventures and Morgan Stanley, among others.

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Steamboat Invests in Chinese Web Analytics Firm

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Los Angeles-based Steamboat Ventures , the venture capital arm of The Walt Disney Company, has invested in a Chinese startup which provides web, video, and search analytics, Gridsum Technology. According to Gridsum, Steamboat led its Series A. Size of the funding round was not disclosed. READ MORE>>.

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Passenger Names Technology VP

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Los Angeles-based Passenger , an operator of online communities for brands, said Wednesday that it has named Michael Winner as the firm's Senior Vice President of Technology. Passenger is venture backed by Shelter Capital Partners, StarVest Partners and Steamboat Ventures. READ MORE>>.

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Move Networks Confirms It Is Looking For A Buyer, Lays Off Staff

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Irvine-based Move Networks , the streaming video technology firm, confirmed Wednesday evening that it is looking for "strategic alternatives", including a possible sale of the firm. Tags: move networks merger acquisition strategic alternative video streaming technology software. READ MORE>>.

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MuckerLab Takes TechStars Incubation To Los Angeles

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A new, technology startup accelerator modeled after the TechStars venture incubator in Boulder said today it has launched, and will bring business acceleration to Los Angeles.

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Venture Conference Highlights SoCal Startups

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Southern California's top startups showed up in force Friday at the Westin South Coast Plaza in Costa Mesa, for the Technology Council of Southern California's annual VentureNet conference. The "best of show" prize went to Magnify360, which develops software for optimizing content and web sites for specific users.