teams up with American Family Insurance
The Santa Monica-based smart doorbell manufacturers announced this week hey have agreed to a deal with American Family Insurance to give their customers discounts and cover a deductible if a Ring-equipped home is burglarized. [Ring Links Smart Doorbell With Insurance Company: SoCal Tech]
Apple forces Beats Music to shut down
Apple, who bought Beats Electronics last year for $3 billion, has asked that the company's music service cease operations. With the newly revamped Apple Music, there was no need to run simultaneously and Apple is asking all Beats users to switch over. [Beats Music to Shut Down: LA Business Journal]
teams up with One Direction for new single
Flipagram, the video and photo sharing app, teamed up with pop group One Direction to promote their new single "Perfect" released on Friday. The app specializes in incorporating music into sharable content. [Flipagram, One Direction Team On New Single Release: SoCal Tech]
Launches Kickstarter in LA
LifePrint, a portable printer and moving image sharing app, announced their product this week. Similar to the moving pictures of Harry Potter, the app turns printed photographs into moving images. [Moving Harry Potter-like images are now a reality with LifePrint: Built In]
Deloitte's Fast 500 features 23 LA tech companies
Deloitte released their Technology Fast 500 list this week, ranking the fastest growing technology, life sciences, energy tech and media companies in North America. 23 Los Angeles companies were named, led by Scopely at #2. [23 LA tech companies named to Deloitte's Fast 500: Built In]
Fundings of the Week
OpenHouse, $13.5 million
Investors: Triangle Peak Partners and March Capital Partners
The startup, formerly known as Agent Ace, is a matchmaking service for homebuyers and real estate agents. Led by Mazen Fawaz, the company closed a $13.5 million Series A this week. [OpenHouse Realty Gets $13.5M For Real Estate Search: SoCal Tech]
Card.com, $9 million
Investors: Columbia Pacific Advisors' Growth Capital Strategy and Fenway Summer Ventures
Card.com is "branchless banking provider" who provides prepaid, customizable MasterCards. The company reported 50,000 new accounts and $450 million in deposits to date. [Card.com Raises $9M To Ramp Mobile Banking Efforts: SoCal Tech]
