Software Firm X1 Making Big Moves
L.A. Business Journal
DECEMBER 13, 2019
Pasadena-based software developer X1 Discovery Inc. is closing out 2019 with a series of big changes.
GumGum Gets $22M More For Advertising AI Software
socalTECH
FEBRUARY 13, 2020
Santa Monica-based GumGum , which develops artificial intelligence software for the advertising and media market, has raised $22M more in a funding round, the company said on Thursday. GumGum said it had $155M in global revenue in 2019. All three of those investors are existing investors in the company. READ MORE>>.
Advertising 
145
145 Join 5,000+
Insiders
Sign Up for our Newsletter
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Trending Sources
Reflections on 2019: Kelly Perdew, Moonshots Capital
socalTECH
DECEMBER 23, 2019
For my partner, Craig Cummings, and I - 2019 was our first full year as Venture Capitalists! Our 2019 investment in Backtracks, a developer of podcast analytics software, has shown fantastic traction and continues to provide value to podcast creators helping them to better understand their listeners and monetize their content.
Capital 100
100 
Theta Lake Takes $12.7M For Security, Compliance Software
socalTECH
OCTOBER 27, 2020
Santa Barbara-based Theta Lake , a developer of security and compliance software which connects with Cisco Webex, Microsoft Teams, RingCentral, Zoom and other collaboration platforms, has raised $12.7M The company's seed funding was in January of 2019. in a Series A funding. READ MORE>>.
Performio Sees Growth After HQ Move To Irvine
socalTECH
FEBRUARY 19, 2021
Irvine-based software developer Performio, which develops incentive compensation management software, says it saw 110 percent growth in North America for its FY2020, after relocating its headquarters to Irvine in 2019.
GoGuardian Names Co-President, COO
socalTECH
DECEMBER 14, 2022
Los Angeles-based GoGuardian, which develops software for the K-12 education market, said on Monday that it has named Michael Jonas as Co-President and Chief Operating Officer (COO). Jonas has been the CFO of GoGuardian since 2019. Jonas was previously CFO of ThriftBooks and spent 14 years at Microsoft.
Education 113
113 
Boston A.I. Leaders Call for Focus on Diversity, Global Mindset in 2019
Xconomy
DECEMBER 26, 2018
developers continued to grapple with issues around transparency, trust, and ethics. software startups to reflect on the trends that defined the sector in 2018—and where things might be headed in 2019. Meanwhile, A.I. As part of Xconomy’s series of year-end posts , we asked a pair of CEOs of Boston-area A.I.
Procore Set For $592M IPO This Week
socalTECH
MAY 17, 2021
Goleta-based construction management software developer Procore is expected to have its IPO debut this week, planning to raise $592M at a $8.9 The company's software is used to manage construction projects, including plans, schedules, logistics, and many other aspects of that business. Procore has been eyeing an IPO since 2019.
Santa Barbara 113
113 
Ford, Rivian Abandon Plans For Joint EV
socalTECH
NOVEMBER 22, 2021
In a small post-IPO setback for Irvine-based Rivian, automaker Ford said Friday that Ford and Rivian have abandoned plans to jointly develop an EV together. According to reports, the move came due to the difficulty of marrying Ford and Rivian's hardware and software together. Ford made a $500M investment in Rivian in 2019.
Software Review 113
113 NextGen Healthcare Acquires Medfusion For $43M
socalTECH
NOVEMBER 13, 2019
Irvine-based NextGen Healthcare , a provider of software for the medical, behavioral and dental provider market, has acquired Medfusion , a developer of "patient experience" software, in a deal worth $43M in cash, the company announced this morning. NextGen said the deal will help it expand its market reach.
Acquisition 159
159 
Brain To Roll Out Autonomous Robots At Walmart
socalTECH
DECEMBER 3, 2018
San Diego-based robotics and artificial intelligence software developer Brain Corp. said on Monday that Walmart Stores will be rolling out a fleet of robots, powered by its software, starting in early 2019. Brain said Walmart expects to have 360 of the automated machines running its its store by the end of January, 2019.
Canada’s newest unicorn: Clio raises $110M at a $1.6B valuation for legal tech
TechCrunch LA
APRIL 27, 2021
Clio , a software company that helps law practices run more efficiently with its cloud-based technology, announced Tuesday it has raised a $110 million Series E round co-led by T. Clio last raised in September of 2019 when it brought in $250 million in a Series D financing. Rowe Price Associates Inc. and OMERS Growth Equity.
Platform 244
244 
Mosaic Connects With $18.5M
socalTECH
JANUARY 19, 2021
San Diego-based Mosaic, a fintech startup developing software to help CFOs make financial decisions, said last week that it has raised $18.5M The company said it will use the funding to accelerate product development and for growing its team. The company was founded in April of 2019. in its Series A funding.
San Diego 113
113 
Snap Sees Daily Active Users Increase In Q2
socalTECH
JULY 24, 2019
The social media and communication software developer announced the numbers in its second quarter 2019 financial results. Snap's revenues grew to $388M in Q2 of 2019, with a net loss of $255M for the quarter. Santa Monica-based Snap Inc. , READ MORE>>.
Activity 113
113 
THREAD Gets $50M More
socalTECH
AUGUST 17, 2020
Tustin, California-based THREAD , a developer of software used for managing decentralized clinical research, has raised $50 more in funding from private equity investors Water Street Healthare Partners and JLL Partners. The company was acquired by Water Street and JLL Partners last year, in 2019.
Rubicon Project, Telaria Move Forward On Merger Plans
socalTECH
JANUARY 31, 2020
Los Angeles-based advertising exchange operator Rubicon Project and advertising software developer Telaria said on Thursday afternoon that the two have filed joint proxy statement and proxies, for their previously announced stock-for-stock merger. Rubicon Project said it now expects to have 2019 revenues of approximately $156M.
Advertising 113
113 
Emotive Names President, COO
socalTECH
AUGUST 20, 2021
Los Angeles-based conversational text messaging software developer Emotive--which is backed by CRV and others--said this week that it has named Matt Cooley as the company's President and COO. According to Emotive, Cooley was the first major investor in Emotive in 2019.
Invoca Releases Updated Product
socalTECH
JULY 27, 2020
Santa Barbara-based Invoca , which develops call tracking and analytics tools, says it has released a new version of its software. Growth Partners, Accel, and Morgan Stanley Alternative Investment Partners, and last raised a round back in October of 2019. Invoca is backed by Upfront Ventures, H.I.G. READ MORE>>.
Product 124
124 
DivX Sues Netflix, Hulu Over Patents
socalTECH
MARCH 7, 2019
DivX , the streaming video software developer which was started in San Diego, has filed patent infringement lawsuits against both Netflix and Hulu , accusing the firms of usings its video streaming intellectual property. Netflix (court case number 2:2019-cv-01602) and DIVX, LLC et al (court case number 2:2019-cv-01606).
Netflix 113
113 
Smith Micro Buys Business From Circle Media Labs
socalTECH
FEBRUARY 13, 2020
Aliso Viejo-based Smith Micro Software says it has acquired the operator business of Circle Media Labs , a developer of parental control software. in cash, and included customer contracts and a perpetual software license. The company says it the operator business is expected to report 2019 revenues of $4M.
Media 113
113 
Norwest VC Eyes Waves of Change in A.I., Marketing, Cloud for 2019
Xconomy
JANUARY 28, 2019
Scott Beechuk, a partner at Norwest Venture Partners , is one of the tech industry observers invited by Xconomy to look back at the technology developments of 2018, and also forecast some trends he expects to see in 2019. Palo Alto, CA-based Norwest weathers the uncertainties of technology and the economy with an investing strategy.
COVID-19 Shifts Business Expenses, Says Report
socalTECH
AUGUST 25, 2020
A new analysis, by Los Angeles-based expense management software developer Emburse , shows that reimbursed employee expenses have shifted significantly in the wake of the COVID-19 pandemic. Acording to the report, spending on food delivery services grew by 110% annually, with DoorDash representing 36% of expenses submitted, with 25.1%
Report 113
113 
Viant Files For IPO
socalTECH
JANUARY 15, 2021
Irvine-based Viant Technology, a developer of advertising software, has filed for an IPO, saying in a filing with the SEC that it is looking to raise up to $150M in an IPO on the Nasdaq Global Market as DSP. in net income on $164M in revenues for the year ended December 31, 2019. The company reported $9.9M
Advertising 113
113 
Briq Adds $10M
socalTECH
MAY 15, 2020
Santa Barbara-based Briq , a developer of software used for financial forecasting in the construction industry, raised $10M this week, in what it says was a Series A funding round. Briq was founded by Bassem Hamdy and Ron Coldschmidt, and previously had announced $3M funding round in October of 2019. READ MORE>>.
Santa Barbara 113
113 CrowdStrike Gets Tops Ratings In Gartner Report
socalTECH
NOVEMBER 27, 2019
CrowdStrike , the developer of cloud-based, endpoint protection software which was started and continues to have major operations in Irvine, has scored a top rating in a report from industry analyst Gartner. READ MORE>>.
Report 147
147 
Brain Corp. Claims Record Sales As Robotics Takes Off
socalTECH
JANUARY 23, 2020
San Diego-based artificial intelligence software developer Brain Corp says it is saw "record sales and revenue growth" in 2019, on strong retailer demand for autonomous, mobile robots. The company said its software is now used on approximately 10,000 robots.
Pipe Picks Up $60M For SaaS Financing
socalTECH
JUNE 24, 2020
Los Angeles-based Pipe Technologies , which is developing a subscription financing platform to help software companies finance their businesses without debt or dilution, has raised $60M in a funding round, the company said on Wednesday. Pipe was founded in September 2019 by Harry Hurst, Josh Mangel, and Zain Allarakhia.
SaaS 113
113 
BlackBerry's New Lab Unit Leverages Work From Irvine's Cylance
socalTECH
SEPTEMBER 30, 2019
BlackBerry said on Monday that it is launching a brand new, advanced lab called the BlackBerry Advanced Technology Development Labs , which will leverage technology created by Irvine-based Cylance. BlackBerry acquired in February of 2019 in a deal worth $1.4
Signal Sciences Acquired For $775M
socalTECH
AUGUST 27, 2020
Los Angeles-based Signal Sciences , a developer of web application security software, has been acquired for $775M by San Francisco-based Fastly , Fastly annoucned this morning. According to Fastly, the cash and stock deal will expand its security portfolio, and form the basis of a new, upcoming security offering called Secure@Edge.
Web 100
100 
Reveleer Finds New Funding
socalTECH
JANUARY 24, 2020
Glendale-based Reveleer , a developer of cloud-based software used for managing medical data, has raised a Series C found of financing, the company said this week. Reveleer said that in 2019, it had more than $10M in revenues; the company is led by CEO Jay Ackerman. READ MORE>>.
Funding 113
113 
Glowpoint Now Known As Oblong
socalTECH
MARCH 9, 2020
Oblong is a developer of collaboration software and hardware, and is best known for "spatial computing", its user interface which inspired the user interface in Minority Report. Oblong and Glowpoint merged in October of 2019, and since then the merged company has been switching over to the Oblong name, produts, and trading symbol.
Los Angeles 113
113 
Pacific Consolidated Buys Saucey, Emjay
socalTECH
OCTOBER 28, 2020
PCH) announced on Wednesday that it has acquired both alcohol delivery and logistics platform Saucey , as well as cannabis delivery and retail software developer Emjay. Emjay was founded in 2019, with Vaughn and Leeb taking over operations of the company in January of 2020. Financial terms of the acquisition were not announced.
San Diego 113
113 Veritone Picks Up $6.5M In PPP Loans
socalTECH
APRIL 20, 2020
Costa Mesa-based artificial intelligence software developer Veritone --which is publicly traded on the NASDAQ as VERI--reported that it has received a total of $6.5M Veritone has over 300 employees and had 2019 net revenues of $49.6M. in loans under the Paycheck Protection Program (PPP).
Willdan Buys The Weidt Group
socalTECH
MARCH 4, 2019
The Weidt Group orivdes energy consulting and software development, focused on the energy and operational performance of new and existing buildings for utilities. According to Willdan, The Weidt Group had approximately $14M in revenues in 2018, and that it expects the acquisition to be accretive to its earnings in 2019.
Acquisition 113
113 Stamps.com Sees Surge On ECommerce Growth
socalTECH
AUGUST 7, 2020
El Segundo-based online postage and shipping software developer Stamps.com reported its second quarter results on Thursday, saying it saw a 49 percent increase in its revenues for the quarter, to $206.7M, as a result of a surge in e-commerce activity. million, up 182 percent compared to the second quarter of 2019.
El Segundo 113
113 
Camino Financial Expands Exec Team
socalTECH
JUNE 15, 2021
Los Angeles-based fintech startup Camino Financial said today that it is expanding its management team, and has named Aram Gushchyan as Director of Growth and Roxane Herrera as Director of Corporate Development. Herrera previously was a Senior Manager of Community Development Lending at Charles Schwab Bank.
Cubic Buys Trafficware For $235.7M
socalTECH
OCTOBER 25, 2018
San Diego-based Cubic , a provider of services and products to the defense and other industries, said on Wednesday that it is buying Advanced Traffic Solutions , also known as Trafficware , a developer of "intelligent traffic solutions" for the transportation industry. The deal was worth $235.7M READ MORE>>.
San Diego 113
113 
Whiskey Coffee, Immigration, AI: MassChallenge Austin 2019 Startups
Xconomy
MAY 15, 2019
They’re startups that are developing products in a wide range of sectors, including life sciences, agriculture, and artificial intelligence. Austin —MassChallenge has picked the 74 early-stage companies that will eventually compete for a portion of $500,000 in cash as a part of its Austin accelerator program.
AWS updates its edge computing solutions with new hardware and Local Zones
TechCrunch LA
DECEMBER 1, 2020
This service launched in Los Angeles in 2019 and starting today, it’s also available in preview in Boston, Houston and Miami. The first result of that was VMware Cloud on AWS, which allowed customers to use the same VMware software and tools on AWS they were already familiar with.
Google 241
241 ConnectedTravel, Universal Music Group Team On Hackathon
socalTECH
NOVEMBER 5, 2019
Los Angeles-based ConnectedTravel , a developer of connected vehicle applications and services, says it has teamed up with Universal Music Group , for a new hackathon which will "imagine next-generation music experiences" for connected vehicles. Details of the collaboration were not announced.
Los Angeles 113
113 Consolidation is coming to gaming, and Jam City raises $145 million to capitalize on it
TechCrunch LA
JANUARY 16, 2019
It also follows a new agreement with Disney to develop mobile games based on intellectual property coming from all corners of the mouse house — a sweet cache of intellectual property ranging from Pixar, to Marvel, to traditional Disney characters. New Harry Potter game, launching today, lets players enroll in Hogwarts.
Mobile 251
251 
Activision Blizzard To Slash Almost 800 Employees
socalTECH
FEBRUARY 13, 2019
Santa Monica-based game developer Activision Blizzard says it is slashing 8 percent of its staff, or nearly 800 employees, as a part of a restructuring effort at the company. According to the company, the cuts will be to non-development and administrative-related areas, plus "initiatives that are not meeting expectations".
Activision 113
113 A.I. in 2018: IBM Exec on Advances in Training, Trust, Transparency
Xconomy
DECEMBER 17, 2018
[ Editor’s note: This is part of a series of posts sharing thoughts from technology leaders about 2018 trends and 2019 forecasts. But getting there will require designing software that can “think” and communicate more like humans—big challenges that A.I. “I think we’ve gotten to a point where.
Reflections on 2018: Marc Averitt, Okapi Venture Capital
socalTECH
DECEMBER 31, 2018
Are there any technology innovations, gadgets, devices, software, that you found most interesting in 2018? While the tech industry has historically remained comparatively removed from the process, 2019 will be a much different year leading into the 2020 elections. It is truly an amazing company with HUGE potential. READ MORE>>.
Venture Capital 113
113 
Let's personalize your content