Tuesday, May 14, 2019
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ObEN Powers Cryptocurrency News Via Avatar
Pasadena-based ObEN, a developer of artificial intelligence-driven, animated avatars--which looks like and sound like real people--said its technology is being used to power the detailed, human avatar behind PAI News, an app which will deliver news on blockchain and cryptocurrency. ObEN said its 3D avatar, "Satoshi", will provide news on technology, finance, law, and education. ObEN said the cryptocurrency news avatar app is available both on iOS and Android. ObEN's software uses text-to-speech (More info...)

posted on Tuesday, May 14, 2019(Full story)


Ingram Micro Expands In Peru
Irvine-based Ingram Micro, which provides electronics distribution and supply chain services, said on Tuesday that it is expanding its operations in Lima, Peru, with the opening of a new IT Asset Disposition (ITAD) processing center, part of its Ingram Micro Commerce & Lifecycle Services arm. Ingram Micro said the facility is the third facility in South America. The new center provides such technology disposition services as data erasure and drive destruction, processing, remarketing and recycli (More info...)

posted on Tuesday, May 14, 2019(Full story)


Crowdstrike Files For IPO
Crowdstrike, the cloud security software developer led by George Kurtz, has filed for an IPO, saying in a filing on Tuesday afternoon that it is looking to debut its IPO on the Nasdaq Global Select Market as CRWD. Crowdstrike was started in Irvine, where it still has substantial operations. The IPO is being underwritten by Goldman Sachs & Co. LLC, J.P. Morgan, BofA Merrill Lynch, Barclays, Credit Suisse, Jefferies, RBC Capital Markets, Stifel, HSBC, Macquarie Capital, Piper Jaffray, SunTrust Rob (More info...)

posted on Tuesday, May 14, 2019(Full story)


LA County Detectives Bust Cryptocurrency Hacking Group
Detectives from the Los Angeles County Sheriff’s Department’s Fraud & Cyber Crimes Bureau say they have arrested a suspect in a $2.4M, cryptocurrency heist, where a citizen of West Hollywood reported being a victim of a large cryptocurrency theft. According to the detectives at the LA County Sheriff, it has indicted Reyad Gafar Abbas, 19, one of nine individuals indicted as part of a multinational hacking group known as "The Community", which used "SIM swapping" to gain control of a victim's mob (More info...)

posted on Tuesday, May 14, 2019(Full story)


Grindr's Chinese Owner Ordered To Sell App Over National Security Concerns
The Chinese owner of Los Angeles-based gay dating app Grindr must sell Grindr by June of 2020, after reaching an agreement with the Committee on Foreign Investment in the U.S. (CFIUS). Beijing Kunlun Tech Co., the Chinese owner of Grindr, said on Monday that it reached an agreement to sell Grindr before June 30, 2020, and also prohibits the company from accessing any information about Grindr's users, or transferring any of its user data to any entities based in China. The issue comes over the co (More info...)

posted on Tuesday, May 14, 2019(Full story)


Virtium Sold to Court Square Capital Partners
Rancho Santa Margarita-based Virtium, a developer of ruggedized, industrial, embedded solid state drives and memory, has been sold to private equity investor Court Square Capital Partners, by its existing private equity owner, L Square Capital Partners. Financial details of the deal were not announced. According to L Squared, since its investment in Virtium in July of 2015, Virtium saw its organic revenues more than double, and a tripling of its EBITDA. Virtium was founded in 1997, by co-founde (More info...)

posted on Tuesday, May 14, 2019(Full story)


Curtail, Fresh Off $3.25M Funding, Names VPs
Santa Barbara-based Curtail, a new cybersecurity startup which recently landed $3.25M in funding, said this morning that it has named two VPs. According to the startup, Deborah Scanlon will serve as vice president of strategic sales, and Nigel Quinnin will take on the role of vice president of development at the company. Curtail recently raised $3.25M in a seed funding round from Tarus Capital. Scanlon was most recently at Gartner, and also has served at Recourse Technologies, Vormetric and BigF (More info...)

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Clearlake's NetDocuments Gets New Investment
NetDocuments, the developer of a cloud-based platform for managing the documents of law firms and corporate legal and compliance departments which is backed by Santa Monica-based private equity investor Clearlake Capital, has scored a new, strategic funding. According to NetDocuments, it has received a "significant" new equity investment from another private equity investor, Cove Hill Partners. Size and terms of that investment was not announced by the companies. According to NetDocuments, Cove (More info...)

posted on Tuesday, May 14, 2019(Full story)


Soulmates.AI Targets Social Media Measurement
Pasadena-based startup Soulmates.AI said today that it has launched a new tool, Social ROI Reporter, which it says helps brands and agencies with measuring the dollar value of their social media and influencer marketing campaigns. According to Soulmates.AI, its new tool helps marketers track their marketing performance on Facebook, Instagram, Twitter, and YouTube, and helps them compare their performance against competitors. The startup
did not announce the pricing behind the tool.


posted on Tuesday, May 14, 2019(Full story)


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