Maple Media Launches App Rollup Venture, Backed By Shamrock Capital

Los Angeles-based Maple Media, a new startup led by startup veterans Clark Landry and Michael Ritter, said late Thursday evening that it has launched a new venture which will acquire and roll up mobile apps. The startup says it is backed by private equity investor Shamrock Capital, and is actively looking to acquire profitable iOS and Android mobile app....Continue →

Report: Venture Dollars Decline In Q4, Says NVCA

Venture capital investment dollars declined in Q4, to $12.7 billion invested across 1,736 companies, according to the new Pitchbook-NVCA Venture Monitor, the new report tracking venture capital investment across the U.S., as the venture market eased off its torrid funding pace. The NVCA called the investment levels "fairly health" and said that it appears that venture funding is coming to a "more normal level" versus the peak in 2015....Continue →

Illumina Powers Molecular Breeding Tool Effort For Cattle

San Diego-based life sciences equipment maker Illumina said this week that it has linked up with genome assembly and analysis software developer NRGene, on an effort to develop new molecular breeding tools for cattle. According to the two, they will work together to sequence cattle from different breeds, to gain more knowledge on the genetic variations across cattle breeds--all aimed at accelerating breeding for better meat and milk production....Continue →

EDF Renewable Energy Puts Google Wind Farm Into Operation

San Diego-based renewable energy developer EDF Renewable Energy says that it recently put a 225 megawatt, wind farm--which is supplying electricity to Google--into operation. EDF Renewable Energy said the Great Western Wind Project, which is based near Woodward and Ellis counties in Oklahoma, went into commercial operations on December 21st. All of the power at that plant is going to Google, under a long term Power Purchase Agreement (PPA) for the output of the wind farm....Continue →

Sonos Brings Sound Shaping To Playbar

Santa Barbara-based whole home music system developer Sonos said on Thursday that it has extended its Trueplay sound shaping system to its PLAYBAR products. Trueplay lets users tune speakers to specific environments where they are installed, using a users' smartphone to measure how sound is bouncing off walls, furniture, and other surfaces. Sonos said that Trueplay for PLAYBAR is available in its 7.0 update....Continue →

RadPad Acquired By LandlordStation

Los Angeles-based apartment rental marketplace RadPad, which was founded by Jonathan Eppers, has been acquired by LandlordStation. RadPad had offered up a place to search for apartment rentals, which were shown on a map and also let users search by feature, price, and other details. Financial details of the acquisition were not announced. RadPad had been venture backed by Altpoint Ventures, Goldcrest Investments and AmplifyLA....Continue →

Correlation Ventures Raises $200M In New Investment Fund

Correlation Ventures, a venture capital investment firm with offices in San Diego, Palo Alto, and New York City, said this week that it has raised $200M in a new investment fund. The company said the second fund was oversubscribed, and brings its total assets under management to $366M. Limited partners in the new fund included endowments, pensions, funds of funds and family offices, according to the firm. Correlation's co-founders and Managing Directors are David Coats and Trevor Kienzle....Continue →

General Assembly Opening New Location In Little Tokyo

Technical training and education provider General Assembly is opening up a new location in Los Angeles, its second, in Little Tokyo, the company said on Thursday. According to General Assembly, the new location--at 2nd Street and S. Central Ave. in Little Tokyo--will allow people located in the "heart of LA" to access its services. General Assembly currently has a campus in Santa Monica and one in Irvine....Continue →

SpaceX Edges Closer To Weekend Launch

Hawthorne-based SpaceX is edging closer to a planned launch of a SpaceX Falcon 9 this weekend at Vandenberg Air Force based, after successfully loading the Iridium satellite payload to its Falcon 9 on Thursday, according to Iridium. SpaceX's next window for launch of the payload is on Saturday the 14th, at 9:54 a.m. PST....Continue →

Snapchat Sued Over Electronic Messaging Patents

Venice, California-based Snap, Inc., the parent company of Snapchat, has been sued in a patent infringement suit, by a company called Vaporstream. The lawsuit was filed on Tuesday in the Ninth Circuit of the California Central District Court (Vaporstream Inc v. Snap Inc), and cites a number of patents which were granted to Vaporstream in July of 2005 for Vaporstream's secure messaging products. Vaporstream says it develops "secure, ephemeral and compliant messaging" for the financial industry....Continue →

Techstars LA Names Managing Director

Techstars, the startup accelerator operator which has been ramping up its efforts in Los Angeles, said on Wednesday that it has name Anna Barber as the new Managing Director of its Techstars LA program. In a post, "Why LA is the Future of Startups", Barber said the post is her "dream gig". Barber--who has been in LA for 17 yyears--previously was GM and VP at Fingerprint Digital, and was founder and CEO of Scribble Press, and also served at McKinsey & Co., and was a corporate lawyer....Continue →

Report: Crosscut Ventures Launching Fourth Venture Investment Fund

Los Angeles-based venture capital investor Crosscut Ventures has reportedly started approaching limited partners (LPs) for investments in a new fund, its fourth. Crosscut's last fund, Crosscut Ventures 3, was worth $75M. The report, from the Pro Rata newsletter, said there's "a chance" that the new fund will be double in size of the last fund. Crosscut has not yet filed regulatory details on the new fund. Crosscut Ventures is managed by Rick Smith, Brian Garrett, Brett Brewer, and Clinton Foy....Continue →




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