L.A. Business Journal

Postmates is Arriving at Dodger Stadium

L.A. Business Journal

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

Loot Crate Files Bankruptcy, Plans to Sell Assets

L.A. Business Journal

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

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

.Net 205

MomentFeed Chooses New Chief Executive

L.A. Business Journal

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

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

Vernon 198

HyreCar Announces Pricing of Second Stock Offering

L.A. Business Journal

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

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

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

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

Vernon 153

SoftBank Vision Fund Invests $110 Million in Idea Lab's Energy Vault

L.A. Business Journal

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

Ideas 130

Echo Fox Exits Riot Games Championship League

L.A. Business Journal

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

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

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

Slides 141

Advertising Tech Firm Lucidity Raises $5 Million

L.A. Business Journal

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

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

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

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

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

Report 141

Miso Robotics' Robot Chef Continues Work at Dodger Stadium

L.A. Business Journal

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

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

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

Hulu CFO leaves for Amazon; Frank Pearce retires from Blizzard; SpaceX picks hyperloop competition winner

Hulu 141

Aging Cars May Rev Up Local Firm

L.A. Business Journal

AUTOS: Aftermarket parts seller projects solid growth

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Fifth Wall Raises $500 Million Fund to Invest in Tech for Real Estate Industry

L.A. Business Journal

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

Venice 141

Stackin Raises $4 Million for Banking Platform

L.A. Business Journal

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

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

Equity 173

3L Capital Raises $217 Million Fund to Invest in Local Startups

L.A. Business Journal

Westwood-based growth equity investment firm 3L Capital announced July 8 it raised a $217 million equity fund to continue investing in local companies

Equity 141

Silicon Beach Report July 24: Bryant Stibel Backs Tile

L.A. Business Journal

Snap stock on the upswing; Tile gains $45 million; FanDragon raises seed round

Report 130

Snap Beats Earnings Expectations Again

L.A. Business Journal

Snap Inc. posted second quarter earnings today, continuing its trend of beating analyst expectations for revenue and trimming losses

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Silicon Beach Report July 23: Revenue Rises at Snap

L.A. Business Journal

SpaceX resupplies International Space Station; WeRecover uses apps to treat addiction; Snap beats expectations in Q2

SpaceX 130

Tapcart Raises $4 Million Seed Round, Led by Greycroft

L.A. Business Journal

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

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

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

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

Snap Inc. will report second quarter 2019 earnings July 23, and analysts and shareholders expect the company’s finances to continue improving

Report 130