L.A. Business Journal

L.A. Tech Wages Rising Fastest in the Nation

L.A. Business Journal

Los Angeles County tech wages are growing faster than the earnings of tech employees in the nation’s other big cities, according to data from the U.S. Bureau of Labor Statistics compiled in a report by downtown real estate investment firm Jones Lang LaSalle Inc

Tuition.io Raises $7 Million

L.A. Business Journal

Student loan management program Tuition.io of Santa Monica announced Thursday it raised a $7 million Series B round

Trending Sources

Tesloop Ride Sharing Service Expands

L.A. Business Journal

Long-haul commuting is better in a Tesla. That’s the theory behind Tesloop of Culver City, a car service which ferries passengers on highway trips between 50 miles and 200 miles around Southern California in Tesla Inc.’s s Model X or Model S cars

Sony Pictures Television to Acquire Funimation Productions Ltd.

L.A. Business Journal

Sony Pictures Television has reached an agreement to acquire a majority stake in Texas-based Funimation Productions Ltd., a distributor of Japanese anime content, valuing the company at about $150 million

German Grocer Aldi Partners with Instacart to Offer Delivery in L.A.

L.A. Business Journal

The stakes of the grocery delivery wars have just been raised. German discount grocer Aldi Inc. announced Monday that it plans to debut a grocery delivery service through Instacart in Los Angeles, Dallas and Atlanta later this month. Aldi, which mainly sells products with its own label, has almost 1,700 stores in 35 states, according to a press release. About 15 of its stores are in L.A. County

Press 71

AEG Invests in E-sports Team Immortals

L.A. Business Journal

E-sports is finding a home in downtown. Anschutz Entertainment Group announced an investment in e-sports franchise Immortals that makes it a team owner and home-venue operator for the team

Snap and Time Warner Sign $100 Million Content Deal

L.A. Business Journal

Snap Inc. and Time Warner Inc. announced a global partnership to develop made-for-Snap shows over the next two years. The deal, reportedly valued at $100 million, will include both entertainment and advertising content

Cover Raises $1.6 Million to Build Prefab Structures for Homes

L.A. Business Journal

Cover Technologies Inc., a prefab building company that designs and manufactures backyard studios, has raised $1.6 million in seed funding, according to a statement released Tuesday

Northrop Takes One Giant Leap

L.A. Business Journal

Northrop Grumman could be circling more business with its deal for ATK Orbital

59

L.A. Startups Received $369 Million in Seed Funding in 2016

L.A. Business Journal

Seed-stage companies in Los Angeles received a total of $369 million in funding in 2016, according to report from Venice tech accelerator Amplify.LA.

Venice’s System1 Raises $270 Million

L.A. Business Journal

Venice advertising technology firm System1 announced on Monday that it had completed a $270 million financing round led by New York-based Court Square Capital Partners

Silicon Beach Report Oct. 18: LAEDC Includes 9 Sites in L.A. Region Bid for Amazon’s Second Headquarters

L.A. Business Journal

LAEDC includes 9 sites in L.A. region bid for Amazon’s second headquarters, crypto venture firm Blockchain Capital raising $150 million for two funds, and Snap partners with Discovery, Eurosport for Olympics coverage

City of Los Angeles Launches Cyberattack Warning Center

L.A. Business Journal

Mayor Eric Garcetti on Tuesday announced the launch of the Los Angeles Cyber Lab, a public-private data-sharing center for alerting local businesses and residents to cyberattacks

County Looks to Lead on Amazon Headquarters Proposal

L.A. Business Journal

The Los Angeles Economic Development Corp. and L.A. County Board Chair Mark Ridley-Thomas want the county to spearhead regional efforts to attract Seattle-based Amazon Inc.’s s second headquarters, according to a letter obtained Tuesday by the Business Journal

Silicon Beach Report Sept. 5: Velocify Acquired for $128 Million

L.A. Business Journal

Velocify acquired for $128 million, SpaceX’s Falcon Heavy completes first-stage test, and car shopping and lending app Fair launches in Los Angeles

Larta Lands Energy Department Contract to Aid Small Businesses

L.A. Business Journal

Larta Institute, an accelerator for small businesses in the health care, agriculture and energy sectors, announced this week that its Larta Inc. subsidiary had been granted an exclusive Department of Energy contract to aid small businesses across the country

LARTA 49

Pay Gap Widens Between Women and Men in Los Angeles Tech Industry

L.A. Business Journal

The pay gap between women and men in tech jobs in Los Angeles widened 15.5 percent on average for the time period of 2011 to 2015 compared with the previous five years, according to an estimate by the U.S. Census Bureau’s American Community Survey

Silicon Beach Report May 23: Real Office Centers, Co-Working Tenants Evicted from Santa Monica Office

L.A. Business Journal

Real Office Centers, co-working tenants evicted from Santa Monica office, Snapchat launches custom group stories, and Pepsi to label millions of cans with Snapchat codes

Hopscotch Signs 40 Collegiate Programs for Sports App

L.A. Business Journal

Sports app developer Hopscotch of El Segundo announced on Monday that it signed up more than 40 athletic programs as customers last month

‘FabLab’ Gives Northrop’s Engineers Room to Experiment for Fun, Profit.

L.A. Business Journal

Northrop Grumman has set up a “FabLab” to help launch projects by the company’s engineers

Help 59

Velocify Acquired for $128 Million

L.A. Business Journal

Mortgage software developer Ellie Mae announced on Aug. 31 that it signed an agreement to acquire El Segundo’s Velocify, a developer of sales process management software, for $128 million in cash

Global Eagle to Cancel $416 Million Deal With Chinese Firm Over National Security Concerns

L.A. Business Journal

National security concerns have forced Global Eagle Entertainment, an in-flight Wi-Fi service, to cancel a $416 million investment agreement with China’s Beijing Shareco Technologies to create a new joint venture for the Chinese market

Jessica Alba’s Honest Co. Settles Fraudulent Labeling Lawsuit for $7.35 Million

L.A. Business Journal

Actress Jessica Alba’s Honest Co. has reached a $7.35 million settlement in a marketing fraud lawsuit that alleged the company fraudulently labeled home and personal care products as natural, plant-based or chemical-free

Snap Inc. Signs Data Subscription Deal With Factual

L.A. Business Journal

Factual Inc. announced on Tuesday that it signed a deal to sell its location data to Snap Inc. for use in Snapchat

Maersk Halts Operations at Port of Los Angeles After Cyberattack

L.A. Business Journal

Shipping giant A.P. Moller-Maersk shut down its operations at the Port of Los Angeles’ largest terminal Tuesday morning after a cyberattack hobbled its computer systems worldwide

Silicon Beach Report April 20: L.A. Seed Funding Falls Sharply in First Quarter

L.A. Business Journal

seed funding falls sharply in first quarter, Brian Lee and Ron Burkle-backed medical apparel Startup Jaanuu raises $5 million from retail execs, and Nasty Gal founder Sophia Amoruso’s dramatic biopic releases Friday on Netflix

Appetize Signs Deal to Supply Devices to Los Angeles Memorial Coliseum

L.A. Business Journal

Point-of-sale system manufacturer Appetize of Santa Monica has signed a deal with venue management firm Legends to outfit the Los Angeles Rams’ temporary home, the Los Angeles Memorial Coliseum, with its devices

Asian Goods E-Tailer Yamibuy Raises $10 Million

L.A. Business Journal

Asian goods e-tailer Yamibuy has raised a $10 million Series A round led by GGV Capital of Beijing, according to a Monday press release

Press 55

VR Playhouse Launches Virtual Reality Training Program

L.A. Business Journal

Glassell Park-based boutique studio VR Playhouse has launched an educational program meant to attract students, artists, developers and directors to the virtual reality industry, according to a company statement

Silicon Beach Report June 15: Scopely Raises $60 Million

L.A. Business Journal

Scopely raises $60 million, VentureDevs to open West Hollywood office, and tech startup HelloTech powers Altice service

SpaceX Settles Overtime Pay Class Action for $4 Million

L.A. Business Journal

SpaceX settled an overtime pay class action with 4,100 workers on Wednesday for $4 million

Class 60

Silicon Beach Report Sept. 15: StartEngine Plans to Raise Money Through Crowdfunding

L.A. Business Journal

StartEngine plans to raise money through crowdfunding, Pelican Products unveils iPhone 8 and iPhone X cases and Snapchat expands Emmy Awards coverage under three-year deal

Snap Inc. Files for $3 Billion IPO; Discloses 158 Million Daily Active Users

L.A. Business Journal

Snap Inc., parent company of ephemeral photo-sharing and messaging app Snapchat, has made public its $3 billion initial public offering of its stock on the New York Stock Exchange