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Meet Lumi, the Los Angeles startup that just raised $9 million for a packaging business

TechCrunch LA

Alongside co-founder and longtime partner Stephan Ango, Jesse Genet has built a business with Lumi that’s already been profitable, and has just raised $9 million in venture funding to boost its growth. Read More.

Silicon Beach Report Feb. 14: Electric Scooter Sharing Startup Bird Raises $15 Million

L.A. Business Journal

Electric scooter sharing startup Bird raises $15 million; Snap to provide analytics to top Snapchat creators; and SpaceX hits two milestones in plan for low-latency satellite broadband

Execs Talk Hurdles As Immunotherapy Combos, CAR-T Launches Progress


With multiple products on the market and many more coming, it’s easy to think that cancer immunotherapy has arrived. In reality, however, we’ve only just begun to figure out how to coax the immune system into killing cancer.

Framework Benchmarks Round 15


What better day than Valentine's Day to renew one's vow to create high-performance web applications? Respecting the time of your users is a sure way to earn their love and loyalty. And the perfect start is selecting high-performance platforms and frameworks.

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Silicon Beach Report Feb. 12: California Facing Competition for Video Game Industry

L.A. Business Journal

California facing competition for video game industry; Snapchat’s new update triggers revolt by teens; and Tony Goncalves hired as CEO of Chernin Group and Otter Media

Pavemint Literally Makes Parking In LA A Musical


Los Angeles-based parking marketplace Pavemint wants to make parking in Los Angeles like a musical--quite literally.

LA Fintech Demo Mix Mingle Network

SoCal Tech Calendar

Tuesday, February 20, 2018 -- LA Fintech Demo Mix Mingle Network. Come mix and mingle with other Financial Technologist's Tues February 20th. Learn about the newest and fastest changes going on in financial technology. Finance is undergoing a massive change some call the "financial paradigm". Laws from 1930-1940 (old right?) are getting broken down with technological innovation in finance. Find partners, talk about your project, bounce ideas, discover LA Fintech. See [link] (more

Bankers: love ’em or hate ’em. They may affect your future.


Let’s get right down to it. Your banking relationship can be like a great marriage or a bad trip to the DMV. In most cases it is strictly your choice. But the results of that choice will reverberate for what could be years. For a start…. How did you open your first bank account?

Startups Peddle Innovative Tools to Fight Tech’s #MeToo Problem


As the last year has shown, the tech industry has a significant problem with sexual harassment and ensuring that women are treated equitably in the workplace. Now, some founders are seeking to use tech tools such as chatbots, artificial intelligence, analytics, and mobile to help clients remedy those deficiencies.

Online Retailer Hollar Inc. Adds InVia Robots to Its Workforce

L.A. Business Journal

City of Commerce-based Hollar Inc., operators of an online discount store, recently announced that it had deployed 100 “picker robots” to help with automating fulfillment services at its warehouse

SpaceX Delays PAZ Satellite Launch To Sunday


Hawthorne-based SpaceX has delayed its launch of the Spanish PAZ satellite--as well as the first two prototypes of its microsatellites for global Internet access--until Sunday, February 18th, SpaceX said late Thursday evening. According to SpaceX, it is now targeting a launch of February 18th from Vandenberg's SLC-4E launch pad, in order to allow for additional time for pre-launch systems checks. SpaceX said that the Falcon 9 and payload "remain healthy."

Fundraising for HealthTech

SoCal Tech Calendar

Thursday, February 22, 2018 --.


Silicon Beach Report Feb. 13: Leaf Group Raises $23.3 Million in Secondary Offering

L.A. Business Journal

Leaf Group raises $23.3 million in secondary offering; online dollar store Hollar contracts with InVia Robotics; and plumbing monitoring company Phyn raises $10 million

Buying Shoes? Digital Stylists Use A.I. to Suggest Clothing to Match


The black skirt had multiple personas. The fact that it was made of leather gave it an edgy vibe, but its A-line fit-and-flair cut was more flirty and feminine. “I I fell in love with it,” says Michelle Bacharach, co-founder of FindMine.

FDA’s Rachel Sherman on Right to Try, Succession Trouble & More


The opioid crisis. Right to Try legislation. The first human trials of CRISPR-Cas9 gene editing technology. These are just a few of the many topics at the feet of the FDA this year. Speaking at the BIO CEO & Investor Conference in New York on Tuesday, principal deputy commissioner Rachel Sherman, the FDA’s second in command to commissioner Scott Gottlieb, fired through a variety of issues affecting the agency both now and in the future.

Trump Budget Touts Lower Drug Prices, But No Medicare Negotiation


As president-elect, Donald Trump in January 2017 slammed drug companies for “getting away with murder” and said he supported Medicare negotiation. He vowed during last month’s State of the Union speech that drug prices “will come down.”

FDA OKs Banyan Diagnostic, the First Blood Test for Concussions


The FDA has approved the first blood test to help diagnose concussions, clearing a path to the market for a diagnostic that could reduce the use of expensive brain imaging technologies that expose patients to radiation. The approval goes to San Diego diagnostics developer Banyan Biomarkers.

With Qualcomm Buyout Looming, EvoNexus Aims for Self-Sufficiency


In the nine years since San Diego’s EvoNexus incubator began amid the great recession of 2009, CEO Rory Moore has emphasized it is a pro bono program—startup teams admitted to the technology accelerator get free office space and other perks, with no strings attached.

Amplify.LA: LA Sees Landmark Year In 2017


Venice, California-based early stage, pre-seed investment fund and accelerator Amplify.LA has released its latest report on the state of the Los Angeles technology scene, saying that the city had a "landmark year".

Silicon Beach Report Feb. 16: Task Management Software Workast Raises $1.85 Million

L.A. Business Journal

Task management software Workast raises $1.85 million; Snap CEO Evan Spiegel defends Snapchat redesign; and Air Force moves to buy small rocket launch services

Teledyne Wins $45.7M Military Contract


Thousand Oaks-based Teledyne Technologies Incorporated announced this morning that it has been awarded a $45.7M missile defense contract, by the U.S. Army Space and Missile Defense Command (SMDC). Teledyne said the award went to its subsidiary, Teledyne Brown Engineering, and is related to missile defense modeling and simulation tools and software.

NGD Systems Raises $12.4M For Solid State Storage


Irvine-based NGD Systems , a developer of solid state disk (SSD) controllers, has raised $12.4M in a Series B funding round, the company said this week. The funding was led by Partech Ventures, and also included Orange Digital Ventures, Alcor Micro and Benhamou Global Ventures (BGV). NGD Systems said it also raised $4M in a credit facility from Silicon Valley Bank in the financing. NGD Systems is led by Nader Salessi. The company, formerly known as NxGnData, was founded in 2013. READ MORE>>.

Billionaire Investor Peter Thiel Packs Up From Silicon Valley, Moves To LA


Peter Thiel , the highly visible, and controversial, billionaire investor and venture capitalist who co-founded PayPal, is moving to Los Angeles , according to a report from the WSJ this morning. According to the report, Thiel is moving both his home and personal investment firms to LA, and also is considering resigning from Facebook's board. Thiel bought a house above the Sunset Strip six years ago, the report says, and plans to set up new LA headquarters for Thiel Capital and Thiel Foundation.

Hyperloop Transportation Technologies Eyes Connecting Cleveland, Chicago


Playa Vista-based Hyperloop Transportation Technologies (HTT), the Hyperloop technology developer co-founded by Dirk Ahlborn and Bibop Gresta, said on Thursday that it has signed a study deal to look at routes to connect Cleveland and Chicago with its technology. According to HTT, it signed official agreements with the North Ohio Areawide Coordinating Agency (NOACA) and Illinois' Department of Transportation (IDOT) to begin a feasibility study for the region to connect Cleveland and Chicago.

BMS Practice Solutions Acquired By WebPT


Upland, California-based BMS Practice Solutions , a provider of revenue cycle management services for the physical therapy market, has been acquired by software developer WebPT , the two said today. Financial details of the acquisition were no announced. WebPT develops software used for managing rehab and physical therapy, and is based in Phoenix, Arizona.

Next SpaceX Falcon 9 Launch, Saturday, Should Be Visible Across SoCal


Anyone who someone managed to completely miss the last SpaceX launch in Southern California--the UFO-report-spurring, traffic-stopping launch of a set of satellites in December --might want to get up a little early on Saturday morning, and look to the North and West. SpaceX's launch of a satellite for Spanish satellite firm Hisdesat, as well as a secondary payload containing SpaceX's prototypes for its own Internet communications network, is expected to launch at 6:17 a.m.

Workast Finds $1.85M For Task Tracking Tools For Slack


Santa Monica-based Workast , a developer of applications that run on the popular Slack chat platform, has raised $1.85M in a seed funding, the company disclosed this week. The funding was led by Greycroft Partners, and also included Spider Capital, Mucker Capital, and Dream Incubator. Workast is led by CEO Guillermo Gette. Workast's tools let teams track everything from large projects to daily tasks, down to personal to-do lists. READ MORE>>.

BlackLine Snags NetSuite Exec As COO


Los Angeles-based accounting software developer BlackLine said on Thursday that it has named Marc Huffman as its new Chief Operating Officer. Huffman had previously served as President of Worldwide Sales and Distribution at NetSuite, and also had served at Oracle. Huffman also sites on the board of ChannelAdvisor. BlackLine develops accounting automation software, used for automating the financial close process. READ MORE>>. blackline netsuite software accounting marc huffman president sales