socalTECH
SEPTEMBER 16, 2015
Amazon.com has expanded its one hour, instant delivery service, Amazon Prime Now , to Los Angeles and Orange County, saying Wednesday that it has begun offering customers in the area with the near-instant delivery of products from Amazon warehouses to Amazon Prime members. Amazon said it will make "thousands" of products from its catalog available for delivery from four new Prime Now hubs in Southern California.
Startup Professionals Musings
SEPTEMBER 16, 2015
Entrepreneurs have always believed that their product or service must show real value to customers, but today the smart ones are even able to make their marketing valuable. The days are gone when marketing was all “pushing product.” Now customers seek out people who are willing and able to add value, with expertise and insight, even before they have a product.
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socalTECH
SEPTEMBER 16, 2015
Los Angeles-based Fullscreen announced plans to launch its own, subscription video-on-demand service on Wednesday, with plans to show both its own original and third party content. Details on the release date and pricing have not been announced. Fullscreen, which is led by George Strompolos, is now part of Otter Media, which is backed by AT&T and the Chernin Group.
socalTECH
SEPTEMBER 16, 2015
Los Angeles-based HelloTech , the in-home, IT and technology help service founded by tech veteran Richard Wolpert, has raised $12.5M in a new funding round. The funding was led by Madrona Venture Group, and also included Upfront Ventures, CrossCut Venturs, and Accel partners. HelloTech said it will use the funding to aggressively expand its tech support service.
Advertiser: Aggregage
Office leases are one of companies’ largest expenses, and if your whole team is working from home with no clear end in sight, you may be wondering what to do about your lease.
socalTECH
SEPTEMBER 16, 2015
Los Angeles-based social game developer SGN said Tuesday that it has launched a new, advertising campaign for its hit Cookie Jam, featuring actor/comedian Dr. Ken Jeong. SGN said it will be using the advertising spots on TV, mobile, and social to promote its Cookie Jam game and further broaden the audience for its title. SGN did not say how much it is investing in those ads, but said it is funding the push via its recent, $130M strategic investment deal.
socalTECH
SEPTEMBER 16, 2015
Los Angeles-based startup accelerator Amplify.LA and local Los Angeles venture investment firm TenOneTen Ventures have both scored an exit, at mapping visualization technology developer Mapsense. According to multiple reports, Mapsense was just acquired by Apple , in a deal worth between $25M and $30M. Neither Mapsense, its investors, nor Apple have commented on the deal.
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
socalTECH
SEPTEMBER 16, 2015
Moviepilot , the movie and entertainment website led by Tobi Bauckhage, has raised $16M to help the company expand into gaming content and social video. According to Moviepilot, the funding was led by French publisher Webedia, and also included T-Venture of America and the company's other investors. Moviepilot's entertainment site is aimed at millennials, and offers up movie-related content.
socalTECH
SEPTEMBER 16, 2015
A new, Los Angeles mobile app, Giftfund , said Tuesday that it has launched a new, mobile gifting app, which can help users crowdfunding group gifts. The mobile app developer, led by Mel Basar, said its app lets users band together to contribute money toward joint gifts to others. The app runs on iOS and Android, and offers up its own catalog of products and gifts, letting users pool their funds to buy those products.
socalTECH
SEPTEMBER 16, 2015
Thousand Oaks-based Amgen , and Monrovia, California-based Xencor said this morning they are in a strategic collaboration worth as much as $1.7 billion to Xencor, to develop and commercialize cancer immunotherapy and inflammation drugs. The two said that Amgen will pay Xencor $45M upfront, with the potential of up to $1.7 billion based on certain regulatory and sales milestones, to combine Amgen's target discovery and protein therapeutics efforts with Xencor's XmAb b ispecific technology platfor
socalTECH
SEPTEMBER 16, 2015
Moviepilot , the movie and entertainment website led by Tobi Bauckhage, has raised $16M to help the company expand into gaming content and social video. According to Moviepilot, the funding was led by French publisher Webedia, and also included T-Venture of America and the company's other investors. Moviepilot's entertainment site is aimed at millennials, and offers up movie-related content.
socalTECH
SEPTEMBER 16, 2015
Los Angeles-based VUBIQUITY , a content monetization service provider for the entertainment and media industry, said Wednesday that it is buying the Digital End-To-End Technology (DETE) unit of Warner Bros. Technical Operations. DETE is a provider of managed content technology services. Financial terms of the buy were not disclosed. VUBIQUITY said it is acquiring DETE to help service its clients, including Warner Bros. itself.
socalTECH
SEPTEMBER 16, 2015
Hercules Technology Growth Capital , a venture debt financing company that serves the venture capital-backed startup market, said today that it is expanding into Southern California. According to the company, it has opened up a Los Angeles office, specifically aimed at tapping into the huge amount of venture capital investments in the Southern California region.
socalTECH
SEPTEMBER 16, 2015
Los Angeles-based Hyperloop Technologies , one of the companies looking to bring Elon Musk's concept of the Hyperloop, high speed transportation technology to life, has named Rob Lloyd as its new CEO. Lloyd was most recently President of Cisco Systems, and is also an investor in the company. Hyperloop Technologies also said that it has added Emily White--most recently, COO of Snapchat--has joined the company as an advisor and board observer.
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