Trending Articles

Clearlake Capital Buys Dude Solutions

socalTECH

Santa Monica-based private equity investor Clearlake Capital Group has acquired Dude Solutions , a developer of operations management software, which was based in Cary, North Carolina. Financial details of the acquisition were not annoucned. Clearlake Capital acquired Dude Solutions from another private equity firm, Warburg Pincus.

Silicon Beach Report June 18: Elevate Secures $25 Million

L.A. Business Journal

HipDot finds $2.5 million; Bird hopes to migrate to NYC; Elevate raises $25 million venture round

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Should a leader support constant change?

Berkonomics

The worrying that always precedes a change. When a new CEO or manager is hired into a company, for a while lots of energy flows from the top and new ideas seem to be generated daily.

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Preccelerator Class 11 Demo Day

SoCal Tech Calendar

Tuesday, June 25, 2019 --.

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Your Tech Startup Is Probably Not Ready to Raise Money

Xconomy

I know, I don’t even know you. Here’s the thing. Let’s say Melanie is an early-stage investor. If she placed a bet blindly for every startup that thinks they’re ready to raise, her chips would fall on the “not ready to raise” words written in fancy script on the soft green felt of the betting table.

Silicon Beach Report June 17: Sunbit Secures $26 Million

L.A. Business Journal

SpaceX considers bid on NASA lunar supply mission; Survios expands VR game offerings; Sunbit finds $26 million

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Coding Our Future LA Sends 200 South LA Students To Tech Camps

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A new, philanthropic education effort-- Coding Our Future LA --announced on Tuesday that it is sending 200, South LA students to summertime "tech camps", as part of a philanthropic and educational effort to increase opportunities for underserved youth in the technology space.

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BigRentz To Provide $10,000 In Scholarships To Trade Schools Students

socalTECH

Irvine-based online equipment rental marketplace BigRentz announced this morning that it has launched a $10,000 scholarship effort, where it will provide two students with $5,000 scholarships to cover educational expenses towards attending a vocational trade school. According to BigRentz, the new scholarship is available to high school seniors planning on vocational training and students currently enrolled in a trade school.

How ProGuides Is Helping Gamers Master Their Game, With Sam Wang

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If you're an avid video game player, how to you improve your game? Once you've exhausted looking online for tips, Los Angeles-based ProGuides (www.proguides.com) offers up professional, instructional content to help you improve your skills at such popular titles as League of Legends, Hearthstone, and Fortnite. We spoke with ProGuides founder Sam Wang to better understand what the company does, and why users are joining its service and using its marketplace to find professional video game coaches.

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Elevate Finds $25M For Legal Management Software

socalTECH

Los Angeles-based Elevate Services , a developer of enterprise, legal management software, has received $25M in an investment round, from private equity investor Kayne Partners, according to the two companies. According to Elevate, it has now deployed almost $60M in total for its efforts. Elevate said it will use the new, minority investment to scale its operations and to enhance its software.

Silicon Beach Report June 14: Bird Required to Pay Tariffs on Chinese Imports

L.A. Business Journal

Bird, Uber tariff relief requests denied; AppOnBoard buys BuildBox; Pluto TV links with Comcast

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Verify Expands In Germany

socalTECH

Irvine-based Verify , a provider of supplier performance management solutions for aerospace, high-technology, and other industries, said it has established a new, European subsidiary in Hamburg, Germany. According to Verify, its new subsidiary, Verify Deutschland GmbH will provide its full suite of solutions. Verify says it has been in Europe for over 40 years, but that the new subsidiary will provide a "significant and strategic" expansion of its capabilities in Europe. READ MORE>>.

Silicon Beach Report June 13: Sure Raises $23 Million

L.A. Business Journal

Bird paid $25 million for Scoot; Sure raises $23 million; Disney Plus subscriber projections

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Riot Games Under DFEH Investigation

L.A. Business Journal

California's Department of Fair Employment and Housing has launched an investigation into Sawtelle-based Riot Games for alleged gender bias and other discriminatory conduct

SendGrid's Original Seed Round Pitch Deck

socalTECH

Ever wonder what the origins were of some of the most successful local startups? Look no further than the seed round pitch deck for SendGrid , one of the biggest exits of a company founded in Orange County in recent years. SendGrid had a successful IPO in 2017 , and was acquired for $3 billion in February. One of the company's co-founders, Isaac Saldana, helped co-found the company in Anaheim.

AngelList: LA Losing New Technology Grads

socalTECH

A new report , published by startup networking organization AngelList , says that Los Angeles is losing out to such areas as the Bay Area and New York, because of failure to offer up training to newly graduating engineering graduates. According to AngelList, 72 percent of LA's engineering graduates leave the area for their first jobs--which the group attributes to a lack of recruiting of junior level engineers at local startups and high tech companies.

California Boots Up $1 Billion Financing Program For Multifamily Solar Installs

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The Solar on Multifamily Affordable Housing (SOMAH) program, which is run out of San Diego, said it has launched a new, $1 billion program to bolster clean energy access for low-income, residential tenants. According to the SOMAH program, it has begun accepting applications for the new program, which gives property owners financial incentives for installing solar photovoltaic energy systems on housing serving low-income and disadvantaged communities throughout the state.

Report: Google, Amazon, Netflix Transforming Los Angeles Real Estate

socalTECH

The surge of activity by such technology giants as Google , Amazon , and Netflix is completely reshaping the Los Angeles real estate market , according to a report from the Los Angeles Times, as those tech giants are jostling to acquire real estate in LA.

Illumina Wins Patent Infringement Suit

socalTECH

San Diego-based life sciences equipment maker Illumina has won a patent infringement lawsuit it filed against Ariosa Diagnostics , according to the company, in a win in the United Kingdom. According to Illumina, it received a judgement in its favor in the patent infringement suit, from the High Court of Justice, Chancery Division, Patents Court in the United Kingdom.

ERP Power Buys Lumenetix

socalTECH

Moorpark-based ERP Power , a manufacturer of power electronics for the LED lighting market, has acquired Lumenetix , a manufacturer of tunable color light engines for the lighting market. Financial details of the acquisition were not announced. ERP Power--which is owned by private equity investor Angeles Equity Partners--said the move will help simplify integration by original equipment manufacturers, providing integrated driver, light engine, and digital controls.

HipDot Studios Finds $2.25M For Influencer Beauty Brands

socalTECH

Los Angeles-based HipDot Studios , a new startup which is enabling influencers to create their own beauty brands, has raised $2.5M in a funding round and launched its platform, according to the company. The startup--founded by Jeff Sellinger, Sam Lim and Mo Winter--said the $2.5M in funding came from Founders Fund, Foundation Capital, and Ludlow Ventures.

Mattel Links With Apple On Connected Hot Wheels Toy

socalTECH

El Segundo-based toy maker Mattel has linked with Apple to launch a new, "connected" toy around its Hot Wheels cars, the company said Friday. According to Mattel, its new Hot Wheel Race Portal is a digital accessory which connects into existing Hot Wheels tracks, and allows users to track their vehicles, track speeds and lap counts, and interact with their information via a companion app.

Iteris Acquires Albeck Gerken

socalTECH

Santa Ana-based Iteris , which provides data analysis in the areas of traffic, roads, weather, water, soil and crops, says that it has acquired Albeck Gerken , a provider of traffic operations engineering services. Albeck Gerken was based in Tampa, Florida. Accordin to Iteris, it will pay $10.7M for Albeck Gerken, split between cash and stock, and also another $2.3M in incentives paid out over the next three years. Albeck Gerken had revneues of $8.1M for the fiscal year ending December 31, 2018.

AECOM To Spin Off Government Services Business

socalTECH

Los Angeles-based consulting giant AECOM said this morning that it plans to spin off its government services business, in a deal that it expects will be complete in the second half of fiscal 2020.

AppOnboard Acquires Buildbox

socalTECH

Los Angeles-based AppOnboard , which develops mobile app design and development software, has acquired Buildbox , a developer of mobile game development software. Financial details of the acquisition were not announced. According to AppOnboard, Buildbox's tool have been used so far to power more than 45,000 unique games, and has seen more than 3 billion estimated downloads on app stores. Both AppOnboard and Buildbox develop tools which do not require coding to develop apps.

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UC Irvine Summer Academies in the Arts

SoCal Tech Calendar

Monday, June 24, 2019 -- UC Irvine Summer Academies in the Arts. UC Irvine's Claire Trevor School of the Arts presents Summer Academies in the Arts - college and career preparatory intensives in Art, Dance, Drama, Music and Technology for students ages 8-22 years old. Classes run through August 16, 2019. Scholarships and financial aid are available! See [link] (more

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Atlazo Finds $3.4M For Healthcare IoT Technology

socalTECH

San Diego-based Atlazo , a startup developing systems-on-a-chip (SoC) semiconductors aimed at used in healthcare and Internet-of-Things (IoT) applications, has raised $3.4M in a seed funding round. The funding round was led by the Tech Coast Angels, and the TCA's San Diego chapter. According to the TCA, its angel network members invested $2.5M in the round.

Spring Labs Finds $23M In Series A

socalTECH

Los Angeles-based Spring Labs , a startup developing a blockchain-based platform for sharing of financial information, has raised $23M in a Series A funding. According to Spring Labs, the funding was led by GreatPoint Ventures, and also included August Capital, as well as General Motors Ventures, the corporate venture capital arm of General Motors, RRE Ventures, Galaxy Digital, Multicoin Capital, The Pritzker Group, and CardWorks.

Bird Acquires Scoot

socalTECH

Santa Monica-based Bird announced on Wednesday that it has acquired Scoot , a San Francisco-based scooter service--giving Bird entry back into the San Francisco market, and also helping Bird scale out its operations. Financial details of the acquisition were not announced. According to Bird, Scoot will operate as a wholly owned subsidiary of the company, and also help Bird offer more vehicles featuring the latest technology advancements for the sharing market.

Bird Acquires Scoot Networks

L.A. Business Journal

Santa Monica-based Bird Rides Inc. is buying Bay Area competitor Scoot Networks Inc