Silicon Beach Report Dec. 6: CrossCut Ventures Raises $125 Million


CrossCut Ventures raises $125 million, Prevoty secures $13 million in Series B round led by Trident Capital Cybersecurity and would Disney, with control of Hulu and Fox Studios, have formula for a Netflix killer?

CrossCut Ventures Raises $125 Million

CrossCut Ventures, a Santa Monica-based seed investment firm, has just closed its fourth and largest fund with $125 million raised, TechCrunch reports. Since its founding in 2008, the seed fund has invested in 70 companies, 66 percent of which were based in Los Angeles.

Prevoty Secures $13 Million in Series B Round Led by Trident Capital Cybersecurity

Cybersecurity firm Prevoty announced that it has secured $13 million in financing led by the venture capital firm Trident Capital Cybersecurity, according to a press release. The company develops autonomous application protection technology which enables applications to self-defend from attacks in real-time.

Would Disney, With Control of Hulu and Fox Studios, Have Formula for a Netflix Killer?

Disney may be about to swing a $60 billion deal for key pieces of 21st Century Fox that could give it serious firepower to take on Netflix, the No. 1 player in the subscription-streaming biz, Variety reports. With Fox’s assets, Disney would own a controlling interest in Hulu, and would also acquire significant complementary Fox film franchises like “X-Men” (combining that part of the Marvel Universe under Disney).

echnology reporter Garrett Reim can be reached at [email protected]. Follow him on Twitter @garrettreim for the latest in L.A. tech news.

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