Los Angeles Business Journal


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

Shotgun Software to be Acquired by Autodesk

Shotgun Software has agreed to be acquired by Autodesk as both companies look to increase product development and management for entertainment production.

Cargomatic Speeds Along With $2.6 Million Funding

Cargomatic, the trucking industry’s version of Uber, launched Wednesday after raising $2.6 million in early-stage funding.

Epoxy Raises $6.5 Million Series A

Epoxy has raised a $6.5 million Series A round, led by Upfront Ventures and Time Warner Investments.

AdColony Purchased for Up to $350 Million

AdColony has been acquired by Norwegian mobile software firm Opera Software for $75 million in cash, with potential earn-out payments of up to $275 million.

FameBit Raises $1.4 Million

FameBit, a 6-month-old Santa Monica startup that connects YouTube video creators with advertisers, has raised a $1.4 million seed round led by Science Inc., 500Startups, DeNA and Machinima founder Allen DeBevoise.

MiTú Raises $10 Million

Culver City’s MiTú, a Latino YouTube network, has raised $10 million in Series B funding led by Upfront Ventures.

En Pointe Wins $72 Million L.A. County Contract for Microsoft

En Pointe Technologies, a Gardena information technology firm that sells Microsoft products, has won a 5-year, $72 million contract to provide cloud-based software to all of Los Angeles County’s 30-plus departments.

Cross Campus Expands to Pasadena

Santa Monica collaborative work space Cross Campus, which caters to tech entrepreneurs, will open a second, larger location in Old Pasadena.

Tapatalk Taps $5.8 Million

Santa Monica’s Tapatalk, which makes an app that streamlines online forum discussions, has raised a $5.8 million seed funding round from Palo Alto’s Floodgate and Accel Partners.

DreamWorks Launches Family YouTube Channel

DreamWorks Animation has launched DreamWorksTV, a YouTube channel featuring original content for family viewing.

TrueCar Partners with Farmers

Santa Monica’s TrueCar, an online automotive marketplace, is partnering with Farmers Insurance to create a car-buying service for the insurer’s customers.

PaeDae Raises $8 Million, Changes Name

Santa Monica mobile advertising company PaeDae has secured $8 million in Series B funding, led by a venture capital firm it declined to name, and has relaunched as Mobile Majority.

Amobee Buys Adconion for $209 Million

Mobile advertising company Amobee, a division of Singapore’s SingTel that operates out of Redwood City, bought Santa Monica’s Adconion Media Group for $209 million.

CheckAlt Buys Diebold Subsidiary

CheckAlt, a Los Angeles company that offers electronic deposit services for banks, has acquired secure machine-maker Diebold’s Eras division, a maker of remote banking software, for an undisclosed sum.

Washio Raises $10.5 Million

Washio, a home delivery laundry and dry cleaning service, has received $10.5 million Series A round led by Menlo Park venture capital firm Canaan Partners.