Los Angeles Business Journal


Recent and archived news stories on: Alternative Energy, Automotive, Computing, Engineering, Internet, Nanotech, Software, Telecom, Wireless...

GoCoin Nabs $1.5 Million in Series A Funding

Santa Monica alternative currency payment processor GoCoin announced today that it had raised $1.5 million in Series A funding. The round was led by Silver Spring, Md., bitcoin online retailer Bitcoin Shop Inc. and Owen Van Natta, former chief operating officer of Menlo Park Internet giant Facebook Inc.

MediaAlpha Sells Majority Stake to Insurance Firm

MediaAlpha, a three-year-old West Los Angeles company that provides a real-time ad bidding platform for the insurance industry, has received a majority investment from White Mountains Insurance Group in New Hampshire, the companies announced Tuesday. The amount of the investment and size of the stake were not disclosed.

Disney buys Maker Studios

The Walt Disney Co. has purchased Culver City YouTube network Maker Studios in a $500 million deal according to a statement released by the entertainment giant on Monday, confirming initial reports of the buyout last week.

Winnick Invests in Smart Ad Maker T+ink, Becomes CEO

Beverly Hills investment firm Winnick & Co. announced Monday it had acquired a majority stake in T+ink, a developer of interactive digital components for print ads through what’s known as conductive ink technology.

Glossi Dropping Desktop Publishing Platform

Glossi, an online magazine publishing platform headquartered in Santa Monica, announced plans to eliminate its desktop publishing service and launch a mobile-only version next month.

List Website Hopes It Has Your Number

Ranker takes Yelp-like ratings beyond just hotels, restaurants.

List-making website Ranker hopes it rates the description “a Yelp for everything else.”

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Firm Builds Tech Bridge Between Asia, Middle East

INVESTMENT: DPL taps South Korean money to back Israeli startups.

Trio gives birth to $50 million fund that will nurse Israeli life sciences startups with South Korean money.

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Water Purification Business Cleans Up in Pickup

TECHNOLOGY: NanoH2O bought for $200 million by South Korea’s LG Chem.

NanoH2O’s sea water desalinization process makes a splash with South Korea’s LG Chem.

Rubicon Prices IPO, Values Company at $450 Million

Tech advertising platform Rubicon Project Inc. priced its initial public offering Thursday at $17 a share, valuing the company at more than $450 million.

National Technical Acquires Testing Business

National Technical Systems Inc. on Wednesday said it is acquiring the testing business of Wyle Laboratories Inc., which serves the nuclear, aerospace, and defense industries.

Wilcon Rebrands Firms Acquired in Recent Roll-Up

Fiber optic provider Wilcon has taken the next step in its roll-up of local telecom companies, consolidating and rebranding recently acquired firms IX2 and Freedom Telecommunications under its corporate umbrella.

Former Fox Exec Joins Machinima Board

Los Angeles YouTube network Machinima announced today Anthony Vinciquerra, former chairman and chief executive of Fox Networks Group, has joined its board of directors.

RadPad Raises $1 Million Seed Round

RadPad, a rental search app, announced today it had raised $1 million in convertible notes in a seed round led by Menlo Park’s Deep Fork Capital.

CrowdGather Will Sell Non-Core Assets to Boost Bottom Line

CrowdGather Inc., owner of a network of Internet discussion boards, is planning to sell assets as it seeks to stem ongoing losses and bolster its balance sheet as it seeks merger or acquisition targets.

Virtual Piggy Inks Deal With German Videogame Firm

Virtual Piggy Inc. announced Friday it signed a partnership with Europe Games Group to allow its roughly 15 million gamers to purchase in-app items via Virtual Piggy’s Oink payment system.