Orange County Business Journal

TECHNOLOGY

Recent and archived news stories on: Alternative Energy, Automotive, Computing, Engineering, Internet, Nanotech, Software, Telecom, Wireless...
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Frost Startup Gets More Money

NarrativeWave raised $1.2 million in Series C funding, bringing its total funding to $3.2 million.

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Amazon’s Twitch Buys Irvine Gaming Specialist

Twitch.tv, the world’s largest live-streaming site for gaming content, has acquired Irvine-based Curse Inc., which creates content for gamers.

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Smith Micro Down After Reverse Split

Shares of Smith Micro Software Inc. are down in its first trading session after the Aliso Viejo-based company initiated a reverse stock split before the start of trading today.

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Microsemi Name for Rams' UCI Field

Aliso Viejo-based chipmaker Microsemi Corp. has taken naming rights of the Los Angeles Rams practice facility at University of California-Irvine.

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Karma Seeks to Make Model in China

Wanxiang Group Corp., the parent company of Karma Automotive LLC in Costa Mesa, plans to manufacture electric cars in China, according to Bloomberg.

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NextVR Completes $80M Funding

Laguna Beach-based virtual reality content maker NextVR Inc. said it has completed an $80 million round of funding, led by a syndicate of Asian technology companies.

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Karma Sets Sales Strategy

Karma Automotive LLC in Costa Mesa said its distribution strategy for the new Revero car will include 10 independent dealers and a company-owned “brand-experience center” in Orange County.

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VC Investments Rebound in Q2

Venture capital investors plunked down more than $229 million for Orange County high-tech companies in the second quarter, according to a report issued Tuesday by the Irvine office of real estate brokerage JLL.

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Irvine Gets Google Fiber

Irvine will become the latest U.S. market to feature Google Inc.’s new super-speedy Internet service for businesses and residents—with a caveat: The Mountain View-based tech giant initially is rolling out the service only to select Irvine Co. properties, the companies said today.

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Pyott, Kiani Join Biopharma Company Board

Irvine-based Bioniz Therapeutics Inc. said today that it appointed David Pyott, former Chief Executive of Allergan Inc. [now Allergan PLC] as board chairman.

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Skullcandy Nixes Incipio Offer

Irvine-based Incipio LLC’s bid for Skullcandy Inc. was rejected by the audio equipment manufacturer’s board of directors, in favor of a “superior proposal.”

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WD Sales, Profits Down

Irvine-based Western Digital Corp. reported lower annual sales and adjusted profits.

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Irvine Fin-tech Firm Gets $7.5M

Internet-based mortgage lender cloudvirga Inc. in Irvine raised $7.5 million in Series A funding, led by Calabasas-based Dallas Capital. Santa Monica venture capital firm Upfront Ventures and angel investment club Tribeca Angels in New York participated in the round.

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Electronics Maker Makes Buy

Infinite RF Holdings Inc. in Irvine bought on undisclosed terms L-Com Inc., a maker of custom computer networking equipment in North Andover, Mass.

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WD Leads VC Round

Irvine-based Western Digital Corp. co-led a $77 million funding round for a Redwood City startup with noted Silicon Valley venture capital firm Kleiner, Perkins, Caufield and Byers.