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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$40M for AV-Based VR Camera Maker

Aliso Viejo-based 360fly Inc. has raised $40 million in a Series C financing round to boost global sales and marketing efforts for its breakthrough 360-degree 4K camera to be released later this month.

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B Riley in $170M Buy

B. Riley Financial Inc., a Los Angeles-based investment firm that maintains an office in Newport Beach, is buying internet service provider United Online Inc. for $11 a share or about $170 million.

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NextVR Adds Deal with Live Nation

Laguna Beach-based virtual reality content maker NextVR Inc. has struck a deal with one of the world’s largest event companies to bring “hundreds” of live concerts to fans across the globe through virtual reality.

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UCI Lab Gets Federal Designation

University of California-Irvine’s high-containment, biosafety level 3, training laboratory has been selected as the third facility in the country designated by the National Institutes of Health’s National Biosafety & Biocontainment Training Program to provide continuing education to professionals in a simulated setting.

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Most OC Carmakers Beat U.S. Pace

Three of four Orange County-based automakers exceeded the national sales pace for new vehicle sales in April, according to New Jersey-based market researcher Autodata Corp.

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Big Data Start-Up Gets $5M

Irvine-based Levyx Inc. closed $5.4 million in Series A funding.

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WD Misses Wall Street Targets

Irvine-based storage products maker Western Digital Corp. reported revenue and adjusted profits in the March quarter that missed Wall Street expectations amid continued sagging PC sales.

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Broadcom Sells IoT Lines

Broadcom Ltd. has sold its Internet of Things business and related assets for $550 million to Cypress Semiconductor Corp. in San Jose

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Quality Systems Cutting Jobs, Restructuring

Irvine-based Quality Systems Inc. will cut 150 jobs, or about 6% of its U.S. workforce, as part of an operational realignment.

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Mitsubishi: U.S. Cars OK With EPA

Cypress-based Mitsubishi Motors North America Inc. said the fuel economy data for its vehicles model years 2013 to 2017 sold in the U.S. is accurate and is not affected by testing irregularities its Japan-based parent revealed last week.

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Acorns Raises $30M Series D

Irvine-based Acorns Grow Inc. raised $30 million in Series D funding that includes investments from Palo Alto-based PayPal and Rakuten Fintech Fund, the investment arm of an e-commerce company in Tokyo.

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Chinese Company Buys in Santa Ana

Santa Ana-based point-of-sale terminal maker ExaDigm Inc. merged on undisclosed terms with Shenzhen Xinguodu Technology Co., Ltd., a China-based maker of POS systems and electronic payments products.

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Santa Margarita Toyota Sold

Jim Graham, owner of Santa Margarita Ford, acquired Santa Margarita Toyota from John Dinsmore.

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RSM Data Firm Raises $6.7M

Rancho Santa Margarita data analytics software maker Compellon has raised $6.7 million in a Series A funding round.

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BlizzCon Dates Set

Irvine-based Blizzard Entertainment Inc.’s annual fanfest is November 4 and 5 at the Anaheim Convention Center.