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Drone Crash Takes Out Power Grid In West Hollywood For Three Hours

socalTECH

For all of the promise and appeal of drone aircraft, the growing popularity of the unmanned aerial vehicles continues to cause unexpected problems--most recently, taking out the power to almost 700 customers of Southern California Edison in West Hollywood on Tuesday afternoon. READ MORE>>.

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Casa Verde Capital Raises $45M Investment Fund

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West Hollywood-based Casa Verde Capital said this week that it has raised $45M in its debut, investment fund, which will specifically invest in the "ancillary cannabis" industry. The company's Managing Partner is Karan Wadhera. READ MORE>>.

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CityGrid Buys Pay-Per-Phone Advertising Technology Firm

socalTECH

West Hollywood-based CityGrid , the unit of IAC which operates CitySearch, Insider Pages, and Urbanspoon, said this morning that it has acquired Felix , a performance-based, local advertising service for small and medium-sized businesses. Financial terms of the buy were not disclosed.

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Orbitera Acquired By Google For More Than $100M

socalTECH

West Hollywood-based Orbitera , which develops cloud-based software for managing leads, trial subscriptions, and billing, has been acquired by Google , Google said on Monday. Financial terms of the acquisition were not disclosed.

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Cedars-Sinai and Techstars Partner to Launch Healthcare Technology Accelerator

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“By helping to accelerate promising new technologies into healthcare, our partnership with Techstars will benefit patients around the country and around the world.”. Techstars’ give-first mission and Cedars-Sinai’s commitment to improving health have aligned as an impetus to accelerate promising new technologies into healthcare.

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Curious Minds Backs Ringadoc

socalTECH

Los Angeles-based technology incubator Curious Minds is one of the firms backing Ringadoc , a new startup which offers up medical consultations via phone or computer. Curious Minds, which is based in West Hollywood, Curious Minds says it has been incubating companies since 2004, and lists its President and co-founder as David Gonen.

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CityGrid Media Buys BuzzLabs

socalTECH

West Hollywood-based CityGrid Media , the unit of IAC formerly known as CitySearch, said today that it has acquired BuzzLabs , a social media monitoring and sentiment analysis software developer. The company explained that it would be integrating BuzzLabs' technology into its platform over the next three to six months.

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