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Cubic Buys GRIDSMART For $87M

socalTECH

San Diego-based Cubic Corporation said on Wednesday that it has acquired GRIDSMART Technologies , a developer of video tracking technology for the traffic management market. Cubic said GRIDMSART is expected to add $35M in sales and $8M in Adjusted EBITDA for the 2019 calendar year. The deal was worth $87M in cash.

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Startups Weekly: VCs are drunk on beverage startups

TechCrunch LA

Haus, like any good consumer startup in 2019, is shipped directly to your door. — Kate Clark (@KateClarkTweets) May 21, 2019. Bev , a canned wine business that recently raised $7 million in seed funding from Founders Fund, thinks marketing in the alcohol industry is the problem. pic.twitter.com/DMEg88t4iO. Fundraising.

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TikTok inks licensing deal with Merlin to use music from independent labels in videos and new Resso streaming service

TechCrunch LA

Bytedance owns the Resso trademark , so it’s a good bet that it will make its way to more markets soon. Possibly with features that differentiate this later entrant from others in the market? Despite being one of the most popular apps of 2019 , monetisation has largely eluded the company up to now.

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