Trending Articles

Take advantage of the good times to build stakeholder loyalty.

Berkonomics

Loyalty is a hard-earned commodity. There are several times when stakeholder loyalty is tested to the limit. For employees, a late or missed payroll is the ultimate test of corporate loyalty, divorced even from an employee’s ability to make do without a paycheck.

Next 10 Ventures is launching an incubator for YouTube personalities

TechCrunch LA

Los Angeles-based Next 10 Ventures , a $50 million fund focused on the creator economy, is launching an incubator program to support YouTubers.

Xprize Names Anousheh Ansari Chief Executive

L.A. Business Journal

Playa Vista-based Xprize Foundation Inc. on Oct. 18 named technology entrepreneur Anousheh Ansari is its new chief executive

Ticketmaster Buys Blockchain Startup, Upgraded

socalTECH

Los Angeles-based Ticketmaster said this morning that it has acquired a blockchain startup, UPGRADED. UPGRADED develops blockchain software which aims to convert traditional tickets into digital assets, combined with dynamic, encrypted barcodes Ticketmaster says prevent fraud often associated with paper or PDF-based tickets. Financial details of the acquisition were not announced.

Connect Week 2018 By Innovate Pasadena

SoCal Tech Calendar

Saturday, October 27, 2018 -- Innovate Pasadena's Connect Week 2018. Nnine full days of all things innovation! From AI to virtual reality demos to coding for both kids and adults, we have over 100 awesome events to choose from to help muster up your innovation savviness! See [link] (more

TP Therapeutics Names New CEO, Gets $80M More for Cancer Drug Push

Xconomy

Five-year-old biotech TP Therapeutics has raised an $80 million mezzanine financing round and promoted its chief medical officer, Athena Countouriotis, to CEO.

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Cloud9 Plans New Esports Facility

L.A. Business Journal

Santa Monica e-sports organization Cloud9 Esports Inc. has raised a $53.6 million Series B round finalized Oct.

CUJO AI Gets Funding Injection

socalTECH

El Segundo-based CUJO AI , a developer of artificial intelligence-based cybersecurity software for telecom network operators, has raised a round of growth capital from KPN Ventures, the company said this morning. Size of the investment, which was part of a larger Series B investment, was not announced. KPN Ventures is the corporate venture capital arm of Netherlands-based KPN, a large telecom company. KPN Ventures is based in Rotterdam, The Netherlands.

Masterminds 2018 - Survive and Thrive

SoCal Tech Calendar

Saturday, October 27, 2018 -- SURVIVE AND THRIVE TODAY 2018. Keynotes by Mitch Lowe, CEO of MoviePass; Bill Reichert, Garage Technology Ventures; Vernice Armour, first African American Fighter Pilot, and others. See [link].

Spinraza Inventors Take Home $3M Breakthrough Prize in Life Sciences

Xconomy

The inventor and developer of a drug, nusinersen (Spinraza), are among the winners of the Breakthrough Prize in Life Sciences. Adrian Krainer (pictured) of Cold Spring Harbor Laboratory and Frank Bennett, senior vice president of research at Ionis Pharmaceuticals, share the $3 million prize.

FactoryFour Raises $5M in Venture Capital Funding

L.A. Business Journal

Manufacturing software maker FactoryFour, which recently opened a new Culver City office, received a $5 million round of funding led by Menlo Park, Calif.-based based venture capital firm August Capital, with participation from Refactor Capital

XPRIZE Foundation Names Anousheh Ansari As New CEO

socalTECH

Los Angeles-based nonprofit XPRIZE , which operates a number of sponsored "challenge" prizes aimed at solving some of humanity's greatest challenges, has named Anousheh Ansari as its new CEO. Current CEO and founder Dr. Peter H. Diamandis continues as Executive Chairman. Ansari, who is a tech entrepreneur, is best known as for her private ride to space on a Russian Soyuz, which made her the first private female to visit space as a tourist.

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How Catalog Is Helping SMBs Compete Against Big Brands

socalTECH

Earlier this month, Los Angeles-based Catalog (www.catalog.cc), a startup developing artificial intelligence software to help independent visual artists scale their content production efforts, announced it raised $1.5M in a seed funding round. The funding was led by Moonshots Capital, and also included Techstars and Luma Launch. We caught up with Catalog's co-founder and CEO Patrick Ip , along with co-founder Jacobo Lumbreras , to learn more about the startup. What's your background?

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Veritone Names New Board Member

socalTECH

Costa Mesa-based Veritone , a developer of artificial intelligence software, said this morning that it has added Nayaaki Nayyar as a member of its board of directors. Nayyar is the President of Digital Services Management at BMC Software, and she previously served as head of SAP's Internet of Things (IoT) division, in addition to serving at SAP, Shell, and Valero. Veritone is led by longtime technology veterans Chad and Ryan Steelberg. READ MORE>>.

AppOnboard Signs Customers For Mobile App Demo Technology

socalTECH

Los Angeles-based AppOnboard , the developer of mobile app demo technology led by Jonathan Zweig, says that it now has such app developers as FoxNext Games, Game Insight, Superheart Studios, Jam City, Huuuge Games, and Simple Habit using its tools. According to the startup, those cutomers are some of the developers who are using its tools to enable Google Play Instant apps via its "App Store Demos" product, which it launched in August.

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Produce Pay Finds $14M More

socalTECH

Los Angeles-based ProducePay , a Los Angeles company which is developing fintech for food growers, distributors, shippers and marketers, has raised $14M in a Series B funding round, the company said this morning. The funding was led by Anterra Capital, and also included Rabo Frontier Ventures, Coventure, Social Leverage, FJ Labs, Greenhouse Capital, Moonshots Capital and Tribeca Angels.

Riot Games Facing Sexual Harassment Claims

socalTECH

Los Angeles-based online game maker Riot Games is facing allegations of sexism and harassment at the company, according to a report this weekend from the LA Times. The allegations include that two employees who defended diversity initiatives were "targeted by online mobs and out of a job soon after."

Kazuhm Gets Funding For Distributed Computing Software

socalTECH

San Diego-based Kazuhm , a startup developing a distributed computing workload platform, has received a funding round from Analytics Ventures, Analytics said this week. Size of the investment was not announced. Kazuhm says it is developing a platform which allows organizations to optimize its computing resources across the desktop, server, and cloud, tapping into unused processing power on all of those assets.

Nexon's MapleStory 2 Reaches 1 Million Downloads

socalTECH

MapleStory 2 , the massively multiplayer online role playing game (MMORPG) which was launched by game developer Nexon last week, has just reached 1 million downloads, Nexon said on Thursday afternoon. Nexon--which has its U.S. headquarters in Los Angeles, but is based in Tokyo--offers up the game online through its own game launcher, as well as Steam. READ MORE>>. maplestory2 maplestory mmorpg role playing game videogame content gaming gamer

LogicMonitor Names New European Sales Head

socalTECH

Santa Barbara-based software developer LogicMonitor said this week that it has named Daniela Streng as its new Managing Director for the UK, Europe, Middle East and Africa (EMEA), as its expands its business in the region. Streng was most recently Sales Director at Datto, in the Benelux, Germany, and UK. Datto--like LogicMonitor--is owned by private equity investor Vista Equity Partners.

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Terrakan Targets Real Estate Property Info For Developers

socalTECH

Terrkan , a new, Los Angeles startup, said on Thursday that it has launched a new online service aimed at providing real estate data to real estate developers. The company said that its service, which currently only covers Los Angeles, hows the development value of any residential or commercial property in the city of Los Angeles.

Stratolaunch's Paul G. Allen Dead At 65

socalTECH

Paul G. Allen , the founder of Mojave-based Stratolaunch , one of Southern California's new crop of aerospace-meets-technology companies, has died at the age of 65, according to a statement from his family issued late Monday. Allen was a co-founder of Microsoft Corp., and had been battling non-Hodgkin's lymphoma.

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HyperX Hits 60M Memory Modules Shipped, $550M Yearly Revenues

socalTECH

Fountain Valley-based HyperX , the gaming division of Kingston Technology, says it has now shipped over 60 million memory modules since 2002. The company said it projects that it will have more than $550M in revenues in 2018. The $550M revenue number includes all products, including its sales of headsets, keyboards, and mice. HyperX specifically targets gamers with its mix of products.

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Edlio Snags Investment for K-12 Education Software Acquisition

socalTECH

Los Angeles-based Edlio , has received a growth capital investment this morning, for its K-12 education and "community engagement" software, and in particular, acquisitions of other companies. The funding came from private equity investment provider LLR Partners. Size of the investment was not announced. According to LLR Partners, its investment will be used by Edlio to support its market expansion, via organic growth and acquisitions.

j2 Global Buys Five More Companies

socalTECH

Los Angeles-based j2 Global , which owns a large portfolio of Internet services, including such services as eFax, eVoice, Campaigner, Livedrive, as well as online media outlets like IGN, Mashable, PCMag, Everyday Health, and others, has acquired five more companies. According to j2 Global, the five acquisition were all made in the third quarter of 2018, and included PRIME Education , The Communicator Corporation , BestBlackFriday.com (certain assets), Downdetector , and DemandShore.

Tastemade Takes $35M

socalTECH

Santa Monica-based Tastemade , which develops food- and lifestyle-focused content for YouTube, as well as its own website, said this week that it has raised $35M, in its Series E funding round. The funding was led by Goldman Sachs Growth Equity, and also included Amazon, Cool Japan Fund, Redpoint Ventures, Raine Ventures, Comcast Ventures, and Liberty Media. The content developer, which is led by co-founder and CEO Larry Fitzgibbon, says it now reaches over 250 million monthly viewers.

Surf Air Touts On Time Numbers

socalTECH

Santa Monica-based Surf Air , the startup airline which got its start moving executives back and forth between Silicon Beach and the Bay Area, is touting numbers which it says show it has a 90% on-time arrival rate, versus its commercial competitors. Surf Air says its on-time rate compares to such competitors as Southwest (78%) and Delta Airlines (81%). The company also says its departure times are 90% on time from its airports, which include such locations as Hawthorne and San Carlos.

Weekend Lugging Luggage Around In LA Spawns Startup

socalTECH

A "complete nightmare" experience by two LA tourists, lugging their luggage around town after checking out of their Airbnb, has spawned a new startup with links to Techstars. New York-based Vertoe , it just raised $1.85M in a seed funding round for its startup, whose founders, Sid Khattri and Neha Kesarwani, ended up hauling their suitcases around Los Angeles for six hours, turning what had been an effort to "explore LA" into a "complete nightmare".

Connect Week 2018 By Innovate Pasadena

SoCal Tech Calendar

Friday, October 26, 2018 -- Innovate Pasadena's Connect Week 2018. Nnine full days of all things innovation! From AI to virtual reality demos to coding for both kids and adults, we have over 100 awesome events to choose from to help muster up your innovation savviness! See [link] (more

Masterminds 2018 - Survive and Thrive

SoCal Tech Calendar

Friday, October 26, 2018 -- SURVIVE AND THRIVE TODAY 2018. Keynotes by Mitch Lowe, CEO of MoviePass; Bill Reichert, Garage Technology Ventures; Vernice Armour, first African American Fighter Pilot, and others. See [link].