Silicon Beach Report March 9: Global Crossing Founder Winnick Takes Majority Stake in Streaming Service QelloThursday, March 9, 2017
Global Crossing founder Winnick takes majority stake in streaming service Qello, Tele-therapy startup iExhale raises $1.86 million, and Snapchat Spectacles shop pops up in Venice.
L.A. billionaire and former telecommunications mogul Gary Winnick has a new tech venture, reports the Business Journal. Winnick, who built his company Global Crossing Inc. into a $48 billion enterprise before it went bankrupt in 2002, has taken a majority stake in Qello, a spokesman confirmed Thursday. No details about the purchase price were disclosed.
Snap Inc. has added a pop-up shop for its video-camera rigged sunglasses called Spectacles, reports TechCrunch. The in-store experience is similar to a New York City location that was opened this fall, with purchasing done via a Snapbot vending machine rather than by floor sales people.
Telemedicine startup iExhale announced that it closed a $1.86 million seed round led by New York’s Dorilton Capital on Thursday, reports the Business Journal. The Arts District-based company has developed a telemedicine platform, also called iExhale, with a directory of therapists available for over-the-phone therapy sessions.