socaltech.com TechNews - Friday, December 12, 2014

Benjamin F. Kuo Fri, 12 Dec 2014 06:04:02 -0800

socaltech.com TechNews - Friday, December 12, 2014
Edited by Benjamin F. Kuo
ISSN: 1524-6736
http://www.socaltech.com/News
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--How OneStop Internet Is Powering Ecommerce For Brands
--Oculus VR Buys Two Computer Vision Companies
--Qualcomm Invests $40M In China
--ReachLocal Shuffles Board
--RealD Gets LUXE Win In China
--Hearst Takes Stake In Awesomeness.TV
--Saatchi Rolls New Virtual Reality, Art Buying App
--Fullscreen Links With Indian MCN Qyuki
--VideoAmp Raises $2.2M For Video Advertising Platform
--Woven Digital Finds $18M

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How OneStop Internet Is Powering Ecommerce For Brands
----

If e-commerce isn't your main line of business, how do you get a
handle on all of that? One Los Angeles company--OneStop Internet
(www.onestop.com) has created a growing business handling exactly
that. We spoke with CEO and founder John Tomich to learn why the
company has been seeing so much success handling all of the nitty
gritty of e-commerce for many well known brands, including Juicy
Couture, The Coffee Bean and Tea Leaf, Lululemon, RVCA, Paul Frank,
True Religion, and many others.

For those who haven't heard of OneStop Internet, tell us about the business?

John Tomich: OneStop Internet is an e-commerce services company. We
provide (More...)
http://www.socaltech.com/how_onestop_internet_brands/s-0058208.html

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Oculus VR Buys Two Computer Vision Companies
----
Irvine-based virtual reality technology developer Oculus VR has made
two computer vision acquisitions, saying Thursday that it is acquiring
Nimble VR, a developer of hand tracking technology; 13th Lab, a
developer of technology to acquire 3D models of the real world; and
also hired computer vision expert Chris Bregler, an expert in the
motion capture space. Nimble VR was formerly known as 3Gear Systems,
and was founded by Rob Wang, Chris Twigg, and Kenrick Kin, and
develops skeletal hand tracking technology that uses machine learning
and computer vision techniques. 13th Lab's technology is used to
acquire 3D models of the real world. Bregler was behind the 3D capture
techniques used in The Lone Ranger and Star Trek Into Darkness.

Qualcomm Invests $40M In China
----
San Diego-based Qualcomm said Thursday that it has committed to
investing $40M in China, investing in four different Chinese companies
and one venture capital fund. Qualcomm said it invested in 7Invensun,
which is developing eye-tracking products; Chukong Technologies, in
the mobile entertainment area; inPlug, smart home devices; Unisound,
voice recognition and processing technology; as well as investing in
China Walden Venture Investments, L.P.. China Walden Ventures
Investment is a venture capital fund focused on investing in
semiconductor and semiconductor-related businesses in China. Qualcomm
said the investments come from a dedicated, $150M Chinese investment
fund it announced earlier this year.

ReachLocal Shuffles Board
----
Woodland Hills-based ReachLocal is shuffling the makeup of its board
of directors, saying late Thursday that it has added two new board
members--Tom Hale and Larry Kutscher--to the body, replacing existing
board members David Carlick and Robert Dykes. Tom Hale is the Chief
Product Officer of HomeAway.com, and Larry Kutscher is CEO of
TravelClick. Carlick had been on ReachLocal's board since 2004, and
according to the company is its longest serving member; Dykes has been
on the board since 2008. ReachLocal operates an online marketing
business which helps local businesses with placing online ads and
other related marketing efforts.

RealD Gets LUXE Win In China
----
Los Angeles-based 3D theater projection technology developer RealD
reported another win in China Thursday, saying that it has signed a
deal with Hong Kong and Chinesee theater exhibitor Broadway Circuit.
RealD said it will be installing 3 "LUXE: A RealD Experience"
auditoriums in mainland China. Financial details of the win were not
disclosed. The LUXE format is a large format screen directly aimed at
competing against IMAX.

Hearst Takes Stake In Awesomeness.TV
----
Hearst Corporation and DreamWorks Animation said late Thursday that
Hearst has taken a 25% stake in Awesomeness.TV, for $81.25M, in a deal
that values Awesomeness.TV at around $325M. DreamWorks--had acquired
Awesomeness.TV in May of 2013 for what was then worth up to $117M.
Awesomess TV's Brian Robbins will continue to lead the company.
Awesomeness.TV continues to be one of the fastest and most capital
efficient exits in Southern California, with the company originally
raising only $3.5M in August of 2012, and being acquired less than a
year later by DreamWorks.

Saatchi Rolls New Virtual Reality, Art Buying App
----
Do you wish you could see what that artwork you want to buy might look
like on your wall at home? Santa Monica-baesd online art site Saatchi
Art0--part of Demand Media--said Thursdya that it has launched a new,
mobile app that lets users use virtual reality to see how a piece of
art might look like on their wall. The company said the new mobile app
works on iOS, and lets users view what a piece of art might look like
by looking at your smartphone screen. The new app uses augmented
reality to superimpose a picture on any wall, whether at home or at
the office.
http://www.socaltech.com/saatchi_rolls_new_virtual_reality_art_buying_app/s-0058205.html

Fullscreen Links With Indian MCN Qyuki
----
Culver City-based Fullscreen is making a foray into the country of
India, the company said this week, in a deal with Indian MCN Qyuki,
the two said this week. According to the two companies, the deal will
give Qyuki's creators access to Fullscreen's technology, partnerships,
and brand services. Financial terms of the deal were not disclosed.
Fullscreen is owned by At&T and the Chernin Group.

VideoAmp Raises $2.2M For Video Advertising Platform
----
Santa Monica-based VideoAmp, which operates a programmatic video
advertising platform, said this morning that it has raised $2.2M in a
funding round, from Anthem Venture Partners, Simon Equity Partners,
Third Wave Capital, Wavemaker Partners and ZenShin Capital. The
startup--founded by 23-year-old Ross McCray--says it offers up
inventory across desktop, mobile, tablet and television and real time
reporting, which it says lets brands and advertisers buy, optimize,
and measure video ads in a more efficient way. The company says it
already has more than 20 engineers in its Los Angeles offices.
http://www.socaltech.com/videoamp_raises____m_for_video_advertising_platform/s-0058200.html

Woven Digital Finds $18M
----
Los Angeles-based Woven Digital has raised $18M in a Series A funding,
the company said this morning, led by Institutional Venture Partners.
Advancit Capital, The San Francisco 49ers, United Talent Agency,
Advancit Capital, The San Francisco 49ers, United Talent Agency,
partners at Ziffren Brittenhanm LLP, Chris DeWolfe of MySpace, Mike
Lazerow of Buddy Media, and former NBA players Baron Davis and
Jermaine O'Neal also participated. Somesh Dash of IVP joins the
company's board as part of the funding. Woven is led by Scott Grimes.
The startup--which produces and distributed pop culture
content--focuses on millenials.
http://www.socaltech.com/woven_digital_finds__8m/s-0058196.html

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