L.A. Business Journal

Silicon Beach Report Dec. 8: Snapchat Gets Up To $1 Million a Day for Branded Augmented Reality

L.A. Business Journal

Snapchat gets up to $1 million a day for branded augmented reality; K1 invests $200 million in SecureAuth; and Disney adds tech execs to board

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

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

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

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

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.

New Alternative Restaurant Delivery App Launches in Los Angeles.

L.A. Business Journal

Some local restaurants are trying a new alternative to delivery to bring in customers with an app that launched in Los Angeles County Tuesday

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

Saudis to Invest $1B in Virgin Galactic, Virgin Orbit

L.A. Business Journal

The Public Investment Fund of Saudi Arabia said Thursday it had reached a non-binding memorandum of understanding to invest $1 billion in space tourism company Virgin Galactic

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

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Scott Painter’s Next Auto Venture Secures $1 Billion Debt, Equity Funding

L.A. Business Journal

Fair, a flexible car ownership startup launched by Scott Painter, announced it raised an undisclosed round led by BMW i Ventures with participation from Penske Automotive Group and other unnamed investors

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

Andelman and Mullin, VC Vets, Announce New Venture

L.A. Business Journal

Two veteran L.A. venture capitalists have formed Bonfire Ventures, a Brentwood VC firm focused on software for businesses

J2 Global’s Hemi Zucker to Step Down, Lead VC Firm

L.A. Business Journal

J2 Global Inc. of Hollywood announced on Thursday that Chief Executive Hemi Zucker will resign on Jan. 1, 2018 to become a managing principle of venture capital firm OCV Management

Proofpoint to Acquire Secure Browser Developer Weblife for $66 Million

L.A. Business Journal

Proofpoint announced Wednesday plans to acquire anonymous web browser developer Weblife of Hollywood for $66 million

Northrop Takes One Giant Leap

L.A. Business Journal

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

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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

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

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

Silicon Beach Report Dec. 5: Hyperloop One Co-Executive Chairman Shervin Pishevar Takes Leave of Absence

L.A. Business Journal

Hyperloop One Co-Executive Chairman Shervin Pishevar takes leave of absence, Ziff Davis to close Mashable acquisition for $50 million and lay off 50 people and Relativity Space aims to 3-D print entire launch vehicles

Hackers Steal Client Data From Line 204 Studios

L.A. Business Journal

Line 204, a Hollywood film and television production and rental company, said today hackers had stolen its client database. The extent of the breach is still being determined

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

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

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

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

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

Sensor System Has Raytheon Seeing Green

L.A. Business Journal

Spotting a 200-watt light bulb in the middle of the Pacific Ocean from outer space requires more than 20/20 vision and strained squinting

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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

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