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Berkonomics

A trend for businesses large and small. There is a major trend shaping up that is worldwide, already identified by hundreds of thousands of startup and small business CEO’s.

Video Interview: Brainleap's Software To Help Treat ADHD and Autism

socalTECH

Welcome to socaltech interviews, where we talk to the startup entrepreneurs, investors, and others in Southern California's technology industry.

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Fifth Wall Raises $500 Million Fund to Invest in Tech for Real Estate Industry

L.A. Business Journal

Venice-based Fifth Wall Ventures has raised more than half-a-billion dollars for a new fund, among the largest ever raised in Los Angeles

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UK-based women’s networking and private club, AllBright, raises $18.8 million as it expands into the US

TechCrunch LA

AllBright , the London-based women’s membership club backed by private real estate investment firm Cain International , has raised $18.8 million to expand into the U.S. The company’s new round was led by Cain International and was designed to take AllBright into three U.S. locations — Los Angeles, New York and Washington, DC. The company said that the new facilities would be opening in the coming months.

Startup Weekend Girl Scouts of Greater Los Angeles

SoCal Tech Calendar

Friday, July 26, 2019 --.

With $17M, Illumina Ties, Prenatal Tests Firm Cradle Genomics Debuts

Xconomy

Another company headed by former Illumina executives has launched, fueled with a $17 million Series A round from investors including a local venture capital firm.

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HyreCar Announces Pricing of Second Stock Offering

L.A. Business Journal

Downtown-based digital car-sharing marketplace HyreCar Inc. announced July 19 it will sell an additional 3.5 million shares to raise capital to expand its staff and technology offerings

Video Interview: Scott Alderton, Stubbs Alderton Preccelerator

socalTECH

For today's video interview, we talked with Scott Alderton , of Stubbs, Alderton, and Markiles LLP, about the firm's startup incubator, the Preccelerator. Stubbs Alderton is a longtime supporter and sponsor of socaltech!).

Silicon Beach Report July 19: HyreCar Announces Stock Offering

L.A. Business Journal

ZEFR sells to Vobile; HyreCar prices 3.5 million additional shares; Virgin Orbit to provide RAF launch services

Signal Sciences Expands in Culver City

L.A. Business Journal

Web security firm Signal Sciences Corp. celebrates its fifth anniversary this year, and the startup has quickly grown from a six-person operation in a Venice apartment to a 150-strong workforce rapidly outgrowing office space

Snap Poised for Continued Growth

L.A. Business Journal

Snap Inc. will report second quarter 2019 earnings July 23, and analysts and shareholders expect the company’s finances to continue improving

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100 Thieves Raises $35M

L.A. Business Journal

100 Thieves raises $35 million to fuel expansion and a new headquarters

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SpaceX Fuels Industry’s Rebirth

L.A. Business Journal

Alumni of SpaceX are leading a renaissance in aerospace

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Silicon Beach Report July 18: There’s a New Podcast Studio in Town

L.A. Business Journal

KPCC creates podcast venture; Hulu to carry NASA programs; Netflix pushes mobile in India

Silicon Beach Report July 17: Fifth Wall Raises $500 Million Fund to Invest in Real Estate Technology

L.A. Business Journal

Netflix subscriptions drop; Techstars begins new L.A. class; Fifth Wall completes huge fund raise

100 Thieves Raises $35 Million, Plans New Headquarters

L.A. Business Journal

Esports company and team manager 100 Thieves raised $35 million in a Series B round to fuel its expansion and the development of a new Los Angeles headquarters

Silicon Beach Report July 16: 100 Thieves Raises $35 Million

L.A. Business Journal

Casetabs nabs $3 million; 100 Thieves plans new L.A. headquarters; Mahmee finds new funding

HyreCar Raises $10.5M In Public Offering

socalTECH

Los Angeles-based HyreCar , a publicly listed, carsharing marketplace operator (Nasdaq: HYRE), says it has priced an offering of 3.5M shares of its common stock, at $3.00 per share. The stock offering will provide the company gross proceeds of $10.5M, which it says it will use to expand sales and marketing, customer support, and technology investments to continue to grow its platform. HyreCar operates a car sharing marketplace which connects ride sharing drivers with fleet operators.

VARRAM Launches Robot To Play With Your Dog, Cat When You Are Away

socalTECH

Too busy at work to spend time with your dog or cat? Does your dog get separation anxiety? Maybe a robot can help--at least, that's the thought of Los Angeles-based VARRAM , which announced this week that it has launched a "pet fitness robot". Varram said its robot is "specially designed to keep dogs and cats mentally and physically engaged", by automatically interacting with your pets while you are away.

CARLSMED Merges With Precisive Surgical

socalTECH

San Diego-based medical technology startup CARLSMED has merged with Seattle-based Precisive Surgical , the two said this week, to combine their efforts to develop a personalized surgical workflow platform for spine deformity intervention. Financial terms of the acquisition were not announced. CARLSMED is part of the EvoNexus technology incubator; Precisive Surgical is a spinout from IntuitiveX, a life sciences technology incubator.

Techstars Starburst Space Accelerator Debuts First Class

socalTECH

The Techstars Starburst Space Accelerator , the new, space-themed startup accelerator run by Techstars in Los Angeles, has announced its inagural class, naming ten companies that will participate over the next three months in its startup accelerator program. The startup accelerator is being supported by NASA's Jet Propulsion Laboratory, Lockheed Martin, Maxar Technologies, SAIC, Israel Aerospace Industries North America, and the U.S. Air Force, with support from The Aerospace Corporation.

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Silicon Beach Report July 15: FX Plus Shut Down by Disney

L.A. Business Journal

FX Plus to stop service; J2 Global acquires more subsidiaries; SpaceX, NASA discover cause of rocket launch failure

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SimpliPhi Aims Energy Storage Products At Power Shutoff Areas

socalTECH

Oxnard-based SimpliPhi Power , a manufacturer of Lithium Ferro Phosphate (LFP) batteries, says that it is ramping up its manufacturing efforts, and providing discounts to consumers in California who are being affected by wildfire "Public Safety Power Shutoffs". According to the manufacturer, its is increasing storage capacity of its units to 3.8 kWh and 2.9

ViaSat Wins $49.3M In IP Lawsuit

socalTECH

Carlsbad-based ViaSat , which develops satellite communications and other wireless networking technology, has been awarded $49.3M in a lawsuit against Acacia Communications. ViaSat said the award came from a jury in the Superior Court for San Diego County, after that jury found that Acacia Communications had violated intellectual property law by misusing Viasat's proprietary technology.

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Virgin Orbit Signs Satellite Launch Deal With UK's RAF

socalTECH

Long Beach-based Virgin Orbit , the satellite launch startup backed by Richard Branson, said on Friday that it has been selected by the UK's Royal Air Force, to launch satellites for a project called Team ARTEMIS. Financial details of the launch deal were not announced. Virgin Orbit--which only recently completed "drop" tests for its aircraft--is planning to use a modified 747 to deliver rockets up to a high altitude, and then release those rockets for delivery into space.

CoreLogic: Between $500M and $900M In Losses From Hurricane Barry

socalTECH

Irvine-based CoreLogic , a provider of property information and data analytics, says that it estimates a total of between $500M and $900M in losses from Hurricane Barry, including both residential and commercial flood and wind losses.

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Fair Offers Payment Credits To Uber Pro Drivers

socalTECH

Santa Monica-based Fair , the automotive startup which offers up subscription-based access to vehicles with much more flexibility than a traditional lease, is expanding its partnership with Uber , saying that eligible "Uber Pro" drivers can earn "Fair Credits" to help cover their weekly Fair vehicle payments. Uber Pro is Uber's program for rewarding the most consistent and higher rated drivers on its platform.

ZEFR Sells Rights Management Assets To Vobile For $90M

socalTECH

Los Angeles-based ZEFR has sold its rights management and content-flagging assets--RightsID and ChannelID--to Vobile Group , a provider of video content protection, measurement, and monetization, in a deal worth $90M, the two companies annoucned late Thursday. According to Vobile, it will open up a new office in Los Angeles as a result of the acquisition, with approximately 100 employees. Vobile said ZEFR's businesses produced over $40M in recurring, profitable revenue in 2018.

Techstars Los Angeles Launches 2019 Class

socalTECH

Techstars Los Angeles , one of the startup accelerators run by Techstars in Los Angeles, has announced its 2019 class. According to Techstars, ten companies were selected for the startup accelerator, which kicked off this week. The companies will have their Demo Day on October 15th.

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Thinkful Offers Up Stipends For LA Technology Students

socalTECH

Looking to boost your skills and get a job in the technology industry? Thinkful , a New York company, says it has started accepting applications from people in Los Angeles for its "living stipend" program, which pays students $1500 a month to pay for things like rent, gas, and food while they take the company's technology training--in exchange for a portion of their salaries when they graduate.

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