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Niantic transcends Discord to build Campfire, an AR social app, and unveils Lightship VPS

TechCrunch LA

Since the launch of Pokémon Go in 2016, players have been coordinating meetups, in-game raids and battles on platforms like Reddit and Discord. This summer, parent company Niantic is unveiling Campfire, a social app designed to help mobile augmented reality (AR) gamers connect. ” Image Credits: Niantic.

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Reflections on 2016: Rob Freelen, Silicon Valley Bank

socalTECH

All this holiday season, we have been sharing the reflections on 2016 from the movers and shakers in Southern California's technology ecosystem. In 2016, our Santa Monica office more than doubled market share of early-stage companies. This is a trend from 2016 that should gain momentum in 2017. Rob Freelen: Focus.

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LA-based gaming studio Scopely raises $200 million at a $1.4 billion valuation

TechCrunch LA

The Los Angeles-based mobile game development studio Scopely has become America’s newest unicorn thanks to a $200 million financing which values the company at a whopping $1.4 The company raised a $55 million round of financing in 2016, $60 million in 2017 and $100 million in 2018.

Mobile 148
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China Roundup: Tencent’s new US gaming studio and WeChat’s new paywall

TechCrunch LA

Eleven-year-old TiMi currently has a team working out of Los Angeles on global business and plans to grow it into a full development studio that “helps us understand Western players and gives us a stronger global perspective,” said the studio’s international business director Vincent Gao.

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Lymber, Founded in Early 2016, Surprised by Mindbody’s Buyout Offer

Xconomy

Lymber was barely a year old when Mindbody (NASDAQ: MB ) announced recently that it acquired the San Diego mobile app developer. Lymber, named as a 2017 Xconomy San Diego startup to watch , has developed a technology platform that enables mobile users to book openings in fitness and wellness classes.

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GM exits car-sharing business and shuts down Maven

TechCrunch LA

The automaker Tuesday said its Maven car-sharing service, which launched in 2016, will shut down for good. The car-sharing service has struggled for months, long before COVID-19 upended the “shared” mobility sector. GM’s experiment with car sharing is over. Maven had paused service due to the COVID-19 pandemic.

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Reflections On 2017: Michael Jones, Science Inc.

socalTECH

Our team has an eye for identifying legacy industries and nascent trends, and creating platforms for innovation. I think we will see the rise of a newer and larger mobile-focused media companies and the continued evolution in traditional television entertainment. I expect this will drive a wave of meaningful M&A.