Tuesday, October 3, 2017
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Petnet Picks Up $3.75M More
Los Angeles-based automated pet feeder developer Petnet has raised $3.75M more in funding, as part of an ongoing, $6.5M funding round, according to a regulatory filing by the firm today. Details on the funding have not yet been announced by the company. Petnet has previously raised $10M in a Series A funding from Petco and others. The company's automated, smartphone-connected products--including its SmartFeeder and SmartBowl products--are available at petco, as well as online. The company's CEO (More info...)

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Smith Micro Raises $5.5M In Private Placement
Aliso Viejo-based software maker Smith Micro Software, which is publicly traded on the NASDAQ as SMSI, says it has raised $5.5M in a private placement. The investors in the private placement wre not announced. Smith Micro said the it issued 5,500 shares of a newly designated, Series B 10% convertible preferred stock at $1,000 per share in the funding. The company explained that the Series B Preferred Stock is convertible into the Company's Common Stock at a conversion price of $1.14 per share, o (More info...)

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Hyperloop One Dreams Reach Missouri
The dream of being one of the first cities in the world to have a high-speed, Hyperloop system has just reached Missouri, as Missouri Department of Transportation (MODOT), the St. Louis Regional Chamber, the KC Tech Council, the University of Missouri System, and the Missouri Innovation Center in Columbia said on Tuesday that they are looking to create a public-private partnership with Los Angeles-based Hyperloop One. According to the groups, they have formed the Missouri Hyperloop Coalition, wh (More info...)

posted on Tuesday, October 3, 2017(Full story)


ServiceNow Acquires Telepathy
Enterprise software developer ServiceNow has acquired San Diego-based Telepathy, a developer of software used in the user interface and experience area, according to the two. Financial terms of the acquisition were not announced. Telepathy was founded by Chuck Longanecker in 2001. ServiceNow was founded in San Diego, but is now based in Santa Clara.

posted on Tuesday, October 3, 2017(Full story)


Velocify Now Part Of Ellie Mae
Los Angeles-based Velocify, the developer of lead management software, is now officially part of Ellie Mae, Ellie Mae said late Monday afternoon. Ellie Mae paid $128M for Velocify. Ellie Mae said the acquisition will help in its efforts to deliver digital mortgage capabilities, and that it will integrate Velocify's lead management, engagement and distribution capabilities within its Encompass CRM tool. Nick Hedges, former president and CEO of Velocify, will become a senior vice president at Elli (More info...)

posted on Tuesday, October 3, 2017(Full story)


Insitu Deploys UAVs For Wildfire Mapping In Oregon
Unmanned aerial systems maker Insitu, which has its Commercial Division based in Costa Mesa, said today that it successfully deployed its Insitu ScanEagle as part of the response to Oregon's Eagle Creek wildfire. Insitu said its systems were used to aid firefighters suppressing the Eagle Creek fire, by helping to provide incident perimeter maps, identifying spot fires, locating fire lines and hotspots, and providing near real-time video feed and still images of critical infrastructure, historica (More info...)

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Ticketmaster Takes Aim At Scalpers Using Ticket Bots
Los Angeles-based a hrf="http://www.ticketmaster.com">Ticketmaster has filed a lawsuit against a number of companies it says have been using "bots" to snatch up tickets from its website before consumers have a chance at them. The lawsuit, Ticketmaster L.L.C. v. Prestige Entertainment. Inc. et al was filed in the California Central court on Monday, and alleges that Prestige Entertainment Inc., Prestige Entertainment West Inc. and Renaissance Ventures LLC used computerized "bots" to buy thousands (More info...)

posted on Tuesday, October 3, 2017(Full story)


Sonnen Plans Battery Storage, Microgrid Effort In Puerto Rico
Sonnen, the German battery energy storage systems developer which has its U.S. headquarters in North Hollywood, said it has pledged to ship its systems into Puerto Rico to assist with recovery of that island's electrical grid. The company said it is launching a "Puerto Rico Energy Security Initiative" to help deploy microgrids in local communities. Sonnen did not say how many systems it plans to install or how much money it plans to invest in the effort, which it says it will run with local part (More info...)

posted on Tuesday, October 3, 2017(Full story)


Western Digital Rolls Out 14TB Enterprise Hard Drive
Irvine-based Western Digital has rolled out another, gigantic hard drive, saying today that it has launched a new, 14TB enterprise class hard drive. Western Digital said the HGST Ultrastar Hs14 features shingled magnetic recording (SMR) technology, offers up 40 percent more capacity, and more than twice the sequential write performance of the drive's predecessor. WD said the drive has an MTBF of 2.5M hours, and is currently sampling to "select" OEMs. Pricing on the new drive was not announced.

posted on Tuesday, October 3, 2017(Full story)


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