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VR Company Specular Theory Lands $4.5 Million Air Force Contract

L.A. Business Journal

Venice-based virtual reality software company Specular Theory Inc. secured a $4.5 million contract with the Defense Department to expand development of its training products for the Air Force.

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Viddy Gets $1.6M For Mobile Video Sharing Software

socalTECH

Venice, California-based Viddy , a new startup developing mobile video tools, said today that it has raised $1.6M in a first round of financing, and launched a mobile video creation and sharing tool for the iPhone.

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PromoJam Launches New Social Marketing Tool

socalTECH

Venice, California-based PromoJam , the social marketing startup headed by Matt and Amanda MacNaughton, said this week that it has launched a new tool for launching social, direct, and mobile marketing campaigns. tool software marketing social promojam' The company said the new offering starts at $29.99. READ MORE>>.

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Hackathon Seeks Apps For Cats

socalTECH

A new hackathon, being held at Amplify in Venice Beach later this month, is looking for you. Hackathons generally pit software developers against a theme, to earn prizes; recent hackathons in the local area include one on a real time communications protocol, movies , not texting while driving , and startups. The top prize: $15,000.

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Bitium Raises $2.4M

socalTECH

Venice Beach-based Bitium , a new startup out of LA''s Amplify accelerator, announced this morning that it has raised $2.4M Bitium said it is developing a Software-as-a-Service (SaaS) operating system, offering up everything from authentication and authorization of cloud-based software to features like consolidated messaging for apps.

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Gem Takes On Bitcoin APIs

socalTECH

Venice, California-based Gem said this week that it has launched a new, Bitcoin platform specifically aimed at developers. bitcoin developer software security crytography blockchain encryption currency' READ MORE>>.

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Club W Gets $3.1M For Wine Subscriptions

socalTECH

Los Angeles-based Club W , the subscription wine club service out of the Amplify accelerator in Venice, disclosed today that it has raised $3.1M Club W's subscription wine service provides a personalized selection of wines to subscribers, through software which hone those shipments as users review and rate those wines. READ MORE>>.