Tue.Nov 03, 2015

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Founders from MIT With a Plan to Change How We Grow and Eat Food

Both Sides of the Table

In our industry we always talk about funding big ideas or funding things with more meaning. It’s something Yves Sisteron & I have been talking about for years at Upfront Ventures. Today we’re proud to talk more about Grove Labs – we really hope you’ll quickly check out this innovative product and we think many of you will be as impressed with Grove as we have been.

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Esri Ties Into Microsoft's Internet-Of-Things Effort

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Redlands-based Esri and Microsoft said Monday that the two are working together to incotae Esri's location services into Microsoft's Azure IoT Suite. Financial details of the collaboration were not announced. The two specifically said they'd offer rich location and geo-spatial services within Microsoft's Internet-of-Things sotware, the Azure IoT Suite.

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Game of Drones: Behind the Effort to Forge a New E-Commerce Frontier

Tech Zulu Event

After conducting indoor tests for several months, Walmart recently asked U.S. regulators if it could test drones (a.k.a. “unmanned aircraft systems” or UAS) for home delivery, curbside pickup and checking warehouse inventories. The news came as no surprise to anyone. Walmart’s been investing heavily in its e-commerce capabilities — too heavily for some investors’ tastes , in fact — in an effort to make up ground on Amazon and Google , both of which are already deep into the drone development pro

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Alelo Wins Additional DoD Contracts

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Los Angeles-based Alelo , which develops computer-aided training and simulation for the U.S. Department of Defense, says it has received a new set of contracts to provide cultural awareness training for the Levant, Afghanistan and Pakistan. Financial details of the new contracts were not announced. Alelo said its new cultural awareness training courses help the U.S. military to develop skills to trust and cooperation from local armed forces and civilian populations.

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Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19

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.

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Surf Air Teams With Uber On Palm Springs Relaunch

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Santa Monica-based subscription airline Surf Air has partnered with Uber , as part of the launch of Surf Air into Palm Springs. Uber launched in Palm Springs back in April of 2014. Surf Air says on its website that its will have its first flight to Palm Springs on Thursday, November 5th, with passengers being picked up by Uber's luxury service, UberLux, which features only high end vehicles like the Tesla Model S, Mercedes, and BMWs.

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FreedomPop Gets Funding From Intel Capital

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Los Angeles-based free broadband wireless and phone provider FreedomPop has received an investment from Intel Capital , the venture capital arm of Intel , as part of a set of investments announced by Intel on Tuesday. Intel--which announced the investment in San Diego as part of its Intel Capital Global Summit--also showed off Two Bit Circus , the Los Angeles STEM learning and entertainment company led by Brent Bushnell, one of its existing portfolio companies.

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iboss Cybersecurity Finds $35M

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San Diego-based iboss , a cybersecurity software developer focused on large, distributed organizations, said it has raised $35M in a Series A funding round. The funding came from Goldman Sachs' Private Capital Investing group. As part of the funding, Stephen Kerns of Goldman Sachs' joins the company's board. iboss is led by Paul Martini. The company said its clients include Xerox, Sears, Urban Outfitters and the U.S.

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LogicMonitor Migrates Citrix GoToAssist Customers

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Santa Barbara-based infrastructure performance monitoring software developer LogicMonitor announced this morning that it has been named the "preferred" IT performance monitoring platform by Citrix, which is decommissioning its GoToAssist Monitoring product. LogicMonitor said the move will help it offer its platform to former Citrix GoToAssist customers.

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Energy Power Partners Acquires Talen Renewable Energy

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Santa Monica-based clean power infrastructure investor Energy Power Partners said late Monday that it has acquired Talen Renewable Energy , from Talen Energy, a developer of 25 utility-grade clean power projects in Pennsylvania, New Jersey, Vermont and New Hampshire. Financial details of the acquisition were not announced. Energy Power Partners said the acquired projects have a total of 65 megawatts of generating capacity, and include gas-to-energy, solar, wind and cogeneration projects.

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Activision Blizzard To Acquire King Digital Entertainment For $5.9 Billion

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Santa Monica-based Activision Blizzard has agreed to acquire King Digital Entertainment , the developer of mobile games, including Candy Crush, in a deal worth $5.9 billion. Activision said its wholly owned subsidiary, ABS Partners C.V., will pay $18.00 in cash per share for London-based King Digital. Activision said the acquisition will be highly complementary to its business.