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Postmates is Arriving at Dodger Stadium
L.A. Business Journal
AUGUST 7, 2019
The Los Angeles Dodgers named San Francisco-based mobile app Postmates Inc. as a concessions partner - bringing the ease of food pickup into the stadium
L.A. Business Journal
Loot Crate Files Bankruptcy, Plans to Sell Assets
L.A. Business Journal
AUGUST 12, 2019
Loot Crate Inc., which sells subscription boxes of pop culture apparel and collectibles, filed for Chapter 11 bankruptcy protection Monday
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Stamps.com Profit Plunges After Ending Postal Service Partnership
L.A. Business Journal
AUGUST 7, 2019
In its first quarterly earnings report since terminating the agreement, Stamps.com posted a net income of $14 million, down 69% from $45.5 million this time last year
MomentFeed Chooses New Chief Executive
L.A. Business Journal
JULY 9, 2019
Santa Monica-based customer management software developer MomentFeed Inc. appointed Nick Hedges as its new chief executive July 9
Loot Crate Closes Warehouse, Lays off 150 Workers
L.A. Business Journal
JULY 29, 2019
Lincoln Heights-based retailer Loot Crate Inc., which sells subscription boxes of apparel and collectibles, closed down its Vernon warehouse and laid off the facility's 150 workers this month
HyreCar Announces Pricing of Second Stock Offering
L.A. Business Journal
JULY 22, 2019
Downtown-based digital car-sharing marketplace HyreCar Inc. announced July 19 it will sell an additional 3.5 million shares to raise capital to expand its staff and technology offerings
Chatbot Startup Convrg Joins Haptik
L.A. Business Journal
JULY 23, 2019
Chatbot developer Convrg is merging with Haptik, a New York-based artificial intelligence company
Halla AI Platform for Ecommerce Raises $1.4M Seed Funding
L.A. Business Journal
MAY 15, 2019
Burbank-based Shag Enterprises Inc, an artificial intelligence company that’s created a predictive platform for online ordering, announced on May 15 it raised $1.4 million in seed funding led by New York-based E&A Venture Capital
Romeo Power Raises $4 Million for Electric Battery Venture
L.A. Business Journal
AUGUST 5, 2019
Vernon-based manufacturer Romeo Systems Inc. said Aug. 5 it secured a $4 million investment from HG Ventures to further develop energy-efficient lithium ion batteries
SoftBank Vision Fund Invests $110 Million in Idea Lab's Energy Vault
L.A. Business Journal
AUGUST 14, 2019
Renewable energy storage firm Energy Vault, a portfolio company of Pasadena's Idea Lab, received a $110 million investment from SoftBank Vision Fund to scale its operations and expand into international markets
Echo Fox Exits Riot Games Championship League
L.A. Business Journal
AUGUST 14, 2019
Esports team owner Echo Fox has forfeited its role as a competitor in Riot Games Inc.’s s lucrative “League of Legends” League Championship Series after failing to sell the spot to another bidder
March Capital Leads $51 Million Funding Round in AI Company Uniphore
L.A. Business Journal
AUGUST 14, 2019
Santa Monica-based venture investors March Capital Partners led a $51 million Series C round for conversational artificial intelligence developers Uniphore Software Systems Private Ltd
Profits Slide at Activision as Competitors Gain Ground
L.A. Business Journal
AUGUST 8, 2019
The Santa Monica-based video game publisher behind popular games such as “Call of Duty” and “Overwatch” saw its profits decline more than 18% from this time last year, reporting a net income of $328 million
Advertising Tech Firm Lucidity Raises $5 Million
L.A. Business Journal
AUGUST 13, 2019
Marina del Rey advertising technology outfit Lucidity has raised a $5 million Series A round of funding to invest in engineering, product development and customer support
Singularity Six Snags $16 Million
L.A. Business Journal
AUGUST 13, 2019
Andreessen Horowitz led a $16.5 million Series A funding round for Sawtelle-based online multiplayer game developer Singularity 6 Corp., which will use the cash to develop its first fantasy multiplayer game
Insight Acquires PCM for $581M in Cash and Debt
L.A. Business Journal
JUNE 24, 2019
El Segundo-based information technology services firm PCM Inc. will be acquired by Tempe, Ariz.-based based Insight Enterprises Inc. in a deal worth roughly $581 million
Signal Sciences Expands in Culver City
L.A. Business Journal
JULY 22, 2019
Web security firm Signal Sciences Corp. celebrates its fifth anniversary this year, and the startup has quickly grown from a six-person operation in a Venice apartment to a 150-strong workforce rapidly outgrowing office space
Boingo Reports Record Revenue with New Locations, Access Fees
L.A. Business Journal
AUGUST 1, 2019
Profits were roughly $0 for Boingo Wireless Inc. in the second quarter but the Wi-Fi provider added ten new internet service locations, setting a quarterly revenue record including roughly $10 million in access fees
Miso Robotics' Robot Chef Continues Work at Dodger Stadium
L.A. Business Journal
SEPTEMBER 20, 2018
A Pasadena robotics and artificial intelligence outfit that’s been using a robot to fry chicken tenders at Dodger Stadium just gave the bots an upgrade to include the frying skill
Virgin Orbit Partners With Japan's ANA Holdings
L.A. Business Journal
JUNE 6, 2019
Long Beach-based small satellite launch company Virgin Orbit announced June 6 that it will partner with Japanese firm ANA Holdings to bring Virgin’s LauncherOne rocket launch system to Japan
Tinder Sued by Former Communications Director
L.A. Business Journal
AUGUST 7, 2019
A former executive at West Hollywood headquartered dating app developer Tinder Inc. filed a lawsuit Monday alleging she was sexually assaulted by Gregory Blatt, the company's former CEO
Silicon Beach Report July 22: Blizzard Co-Founder Departs Company
L.A. Business Journal
JULY 22, 2019
Hulu CFO leaves for Amazon; Frank Pearce retires from Blizzard; SpaceX picks hyperloop competition winner
Aging Cars May Rev Up Local Firm
L.A. Business Journal
JULY 5, 2019
AUTOS: Aftermarket parts seller projects solid growth
Fifth Wall Raises $500 Million Fund to Invest in Tech for Real Estate Industry
L.A. Business Journal
JULY 17, 2019
Venice-based Fifth Wall Ventures has raised more than half-a-billion dollars for a new fund, among the largest ever raised in Los Angeles
Stackin Raises $4 Million for Banking Platform
L.A. Business Journal
JULY 30, 2019
Venice-based Stackin Inc., a startup that offers financial planning advice via text message, has finalized a $4 million Series A raise to build out its platform and grow operations
Virgin Hyperloop One Raises $172 Million
L.A. Business Journal
MAY 16, 2019
Hyperloop Technologies Inc., doing business as Virgin Hyperloop One, raised $172.2 million of a planned $224.7 million equity funding round May 13 according to Securities and Exchange Commission filings
3L Capital Raises $217 Million Fund to Invest in Local Startups
L.A. Business Journal
JULY 8, 2019
Westwood-based growth equity investment firm 3L Capital announced July 8 it raised a $217 million equity fund to continue investing in local companies
Silicon Beach Report July 24: Bryant Stibel Backs Tile
L.A. Business Journal
JULY 24, 2019
Snap stock on the upswing; Tile gains $45 million; FanDragon raises seed round
Snap Beats Earnings Expectations Again
L.A. Business Journal
JULY 23, 2019
Snap Inc. posted second quarter earnings today, continuing its trend of beating analyst expectations for revenue and trimming losses
Silicon Beach Report July 23: Revenue Rises at Snap
L.A. Business Journal
JULY 23, 2019
SpaceX resupplies International Space Station; WeRecover uses apps to treat addiction; Snap beats expectations in Q2
Tapcart Raises $4 Million Seed Round, Led by Greycroft
L.A. Business Journal
JULY 23, 2019
Software developer Tapcart Inc., based in Santa Monica, announced it completed a $4 million seed round led by venture firm Greycroft
HyreCar Announces Pricing of Second Stock Offering
L.A. Business Journal
JULY 19, 2019
Downtown-based digital car-sharing marketplace HyreCar Inc. announced July 19 it will sell an additional 3.5 million shares to raise capital to expand its staff and technology offerings
Silicon Beach Report July 19: HyreCar Announces Stock Offering
L.A. Business Journal
JULY 19, 2019
ZEFR sells to Vobile; HyreCar prices 3.5 million additional shares; Virgin Orbit to provide RAF launch services
Signal Sciences Expands in Culver City
L.A. Business Journal
JULY 19, 2019
Web security firm Signal Sciences Corp. celebrates its fifth anniversary this year, and the startup has quickly grown from a six-person operation in a Venice apartment to a 150-strong workforce rapidly outgrowing office space
Snap Poised for Continued Growth
L.A. Business Journal
JULY 19, 2019
Snap Inc. will report second quarter 2019 earnings July 23, and analysts and shareholders expect the company’s finances to continue improving
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