Arsenic Magazine raised $650,000 in its first round of financing. Sort of a Maxim magazine but for
Chinese tech company LeTV, known for its online video library and an expanding lineup of gadgets, launched an online store in the U.S.
Kuddly Inc., a chat app for pet owners and veterinarians, raised $1.5 million in venture capital in a financing led by Newport Beach firm Exponential Partners, according to a regulatory filing. Joshua Hong joined the venture capital firm after he co-founded the start-up, and now serves at both.
Yes, there is a company that makes video doorbells. Over the weekend, Santa Monica-based Ring celebrated the 2-year anniversary of its appearance on the ABC show “Shark Tank.”
“The bump we got from ‘Shark Tank’ was not decent, it was extraordinary,” Ring Chief Executive Jamie Siminoff said in a blog post.
The company recently raised $28 million from investors to develop more services to sell alongside its $199 doorbell. Ring employs 180 people.
Chat technology developer TigerText raised $50 million, one of the largest financings in Los Angeles this year. TigerText’s secure-chat service is aimed at the healthcare industry, where privacy regulations make security paramount.
Coming up... On Tuesday, Cornerstone OnDemand hosts its annual L.A. Tech Summit. Speakers at the Santa Monica gathering will include brothers J.B. and Tony Pritzker, the Hyatt hotel heirs who’ve been making more tech investments in Los Angeles, and heads of local start-ups in video, finance and sports tech.
Santa Monica-based Cornerstone, among the handful of publicly traded tech companies in the region, makes employee management software and celebrated its 16th birthday last week.