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Fabric Gets $4M For Augmented Reality Platform For Live Events

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Los Angeles-based Fabric has raised $4M for an effort to bring augmented reality to live events, according to the company. According to Fabric, the funding was led by Sapir Venture Partners, and also includes an earlier $1.9M seed that was led by Sapir. The startup says it is developing an immersive platform which brings "social, gaming, blockchain, and augmented reality experiences in real-time" to enhance live events, activities, and locations.

TrueCar Awards Vehicle To Marine Veteran

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Santa Monica-based online car marketplace TrueCar said it has awarded a new, retrofitted vehicle to a Marine Corps Vietnam veteran, as part of its DrivenToDrive initiative. The initiative connects disabled American veterans with vehicles. According to TrueCar, the brand new, retrofitted Chevy Traverse was awarded to Marine Corps Vietnam veteran Leonard "Len" Johnson of Philadelphia.

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$3.3 Billion In Stolen Bitcoin Found In A Popcorn Tin

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According to the U.S. Department of Justice, $3.3 billion worth of stolen Bitcoin was recovered from "a single-board computer that was submerged under blankets in a popcorn tin stored in a bathroom closet". The stash was located by the Los Angeles office of the Internal Revenue Service (IRS). The US DOJ said that the Bitcoin was stolen from Silk Road by defendant James Zhong, who pled guilty to wire fraud on November 4th.

RemotePC Upgrades Help Desk Product

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Los Angeles-based RemotePC, the remote help desk service run by IDrive, said it launched a new version of its product last week. According to the company, the new version of its software simplifies its user interface, provides enhanced performance, and also includes logs of activities performed within its app. The company's software allows IT administrators to connect to PC, Mac, Linux, iOS, and Android devices for remote IT support.

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Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19

Office leases are one of companies’ largest expenses, and if your whole team is working from home with no clear end in sight, you may be wondering what to do about your lease.

Los Angeles Rams Adds In-Stadium Augmented Reality

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The Los Angeles Rams have teamed up with a company to provide in-stadium augmented reality (AR) at SoFi Stadium, in a deal with an AR company called ARound. According to Around, it provides "3D spatial computing" to provide localized content to SoFi's stadiums 70,000 attendees, offering up real-time 3D effects and other features on the field.

Crypto SIM Scammer Faces Up To 18 Months In Prison

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A crypto scammer--who stole $22M from blockchain advisor Michael Terpin--is now facing up to 18 months in prison for his role in a 2018 SIM-swapping incident. 25-year-old Nicholas Truglia, who resides in New York, was just one of a larger criminal group that apparently targeted Terpin. Terpin is a longtime backer of Bitcoin and cryptocurrency. Disclaimer: Terpin has been a frequent contributor to socalTECH). Terpin was previously very active in the Los Angeles startup and technology industry.

AtlasJobs Wins Healthcare Operator

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Los Angeles-based AtlasJobs, a developer of a white-label web and mobile app for talent acquisition, said it has signed up healthcare operator PAM Health as a customer. Financial details of the win were not announced. AtlasJobs said that PAM Health has a network of over 100 specialty hospitals and outpatient clinics across the United States. AtlasJobs is led by Dr. Jo Webber. atlasjobs healthcare health talent saas hospital outpatient

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ThreatHunter.ai Claims Bump In Cyber Attacks

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Brea-based cybersecurity software developer ThreatHunter.ai says it has seen a "significant increase" in the number of cyber-attacks targeting organizations over the last 12 months. The company--which develops artificial intelligence (AI) powered cybersecurity products says its customers have seen a "dramatic increase" in attack attempts over the past year. The Orange County-based company did not provide any numbers of metrics to back its statement, however.

Slingshot Aerospace Picks Up $40.85M More For Space Tracking Systems

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El Segundo, California and Austin, Texas-based Slingshot Aerospace announced this morning that it has raised $40.85M in a funding round, a Series A2 funding. The company--which develops orbital space tracking systems--said the funding was led by Sway Ventures and included participation from others, including C16 Ventures, ATX Venture Partners, Lockheed Martin Ventures, Valor Equity Partners, and Draper Associates.

Stellar Pizza Snags $16.5M For Robotic Pizza Trucks

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Los Angeles-based Stellar Pizza, which is developing robotic, pizza delivery trucks--currently being tested at UCLA--has raised $16.5M in a funding round, the company said last week. The funding was led by Marcy Venture Partners, the venture capital firm founded by Jay-Z, and also included Savage x Fenty, the clothing brand run by Rihanna. Stellar Pizza was founded by three former SpaceX engineers, and is led by CEO Benson Tsai. stellar pizza robot robotic delivery jayz robotics venture capital

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Kudos Technologies Collects $7M

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Los Angeles-based Kudos Technologies, a new startup developing "smart wallet" technology, said on Thursday that it has raised $7M in a seed funding roudn. The round was led by Patron, and also included QED Investors, SciFi VC, SV Angel, Precursor Ventures, Newtype Ventures, Chingona Ventures, plus angel investors. The company's co-founder and CEO is Tikue Anazodo.

Amazon Backs Share Ventures, Techstars To Open VC Access

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Amazon, which has significant operations in the Los Angeles area, is putting some capital to work in at least two, Los Angeles area venture capital investors, as part of a new fund to back underrepresented entrepreneurs. Amazon said this week that it will invest $150M in venture fund that provide underrepresented entrepreneurs access to capital.

Laylo Gets Strategic Investment

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Los Angeles-based Laylo, a startup which helps creators "drop" tickets, merchandise, and content to their fans, says it has raised a round of strategic investment. Size of the investment was not announced.

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Study Ranks LA As Among Top Cities Prepared For Future

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A study--from company PropTechOS--has ranked Los Angeles as among the top U.S. cities "prepared for the future". According to the company, Los Angeles finished second behind Austin for US cities, based on "11 indicators of how adapted a city is to emerging technologies".

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Beyond Meat COO Reportedly Arrested Over Biting Incident

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The Chief Operating Officer (COO) of El Segundo, California-based Beyond Meat has reportedly been arrested for biting a man's nose, according to Arkansas news reports. Doug Ramsey, was appointed COO of Beyond Meat in December of 2021, and previously had been an executive at Tyson Foods. beyond meat executive beyondmeat food arrest crime

The Senior Team Aims Marketplace At Seniors

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Los Angeles-based The Senior Team said on Thursday that it is launching into the Los Angeles marketplace, providing a tech platform aimed at the aging adult population. The company said it helps senior connect with businesses, professionals, and specialists; the company is aiming at people who are 55 years old and older. The company says it is looking at 42 other markets across the United States after its initial beta testing. theseniorteam your senior team aging market marketplace

Bionaut Labs Gets $43M For Micro Robotics

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Los Angeles-based Bionaut Labs, a company developing microscale robots for treating central nervous system (CNS) diseases and disorders, said this week that it has raised $43.2M in a Series B funding. The funding was led by Khosla Ventures, and also included Deep Insight, OurCrowd, PSPRS, Sixty Degree Capital, Dolby Family Ventures, GISEV Family Ventures, What if Ventures, Tintah Grace and Gaingels, plus Upfront Ventures, BOLD Capital Partners, Revolution VC, and Compound.

Delta Backs Startup Promising Air Taxi Service In LA By 2024

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Delta has put $200M in a startup which is promising to bring air-taxi service to Los Angeles--which will deliver consumers from neighborhood "skyports" to LAX. According to Delta, it is investing up to $200M in Joby, which says it is working on bringing an air taxi service to Los Angeles, Miami, New York, and the San Francisco Bay Area, in order to delivery passengers to airport terminals--without having to hail a car or pay for parking.

Web3 Working Group Launches Nonprofit

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San Luis Obispo-based Web3 Working Group said it has launched a new, 501(c)(3) nonprofit focused on educating people on web3 infrastructure. According to the nonprofit, it has received $2M from donors and partners like Arweave, The Graph, Livepeer, and Akash for its efforts. The nonprofit said it was co-founded by creators of Open Index Protocol, Amy and Devon James.

DroneBase Adds Solar Power Plant Assessment

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Santa Monica-based DroneBase, a provider of aerial imaging, says it is launching a specific product that rates the status of solar plant assets. According to the company, it has rolled out a new "Solar Scan" system which provides a three-letter asset rating system to solar assets. The company said that its surveys use aerial photography and thermal scans to provide a three-letter asset rating to solar site condition, by assessing power loss, module condition and cell temperature.

Midnight Lights Up With $7.5M

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Los Angeles-based gaming startup Midnight announced this morning that it has raised $7.5M in its seed funding round. The funding came from Shima Capital, blockchain platform Forte, gaming community SNACKCLUB, guild and mod platform Overwolf, plus the founders of gaming companies Illuvium and investors Woodstock Fund, FJ Labs, Bixin Ventures, among others.

Greycroft Backs FrankieOne

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Los Angeles-based venture investor Greycroft Ventures is backing a Melbourne, Australia-based startup, FrankieOne. According to FrankieOne, it has raised $15.4M (US) in its Series A+ round, which was led by Greycroft and AirTree Ventures, and also included Reinventure, Tidal Ventures, Apex Capital Partners, Binance Labs and Kraken Ventures. The company develops an API platform for identity verification and fraud detection.

Pogo Health Aims At Chronic Pain

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Los Angeles-based Pogo Health said today that it is aiming to address chronic pain through a new virtual healthcare service. According to the company, it has begun offering up three different programs to help people manage chronic pain, by providing virtual health coaches, pain physicians, and mental health therapists. The company is led by CEO Dr. Hunter Vincent. The company did not say how it is backed or funded. pogo health healthcare chronic pain lifesciences startup

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SleepScore Labs Expands into Germany

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Carlsbad-based SleepScore Labs said today that it has expanded into Germany. The company said its digital sleep improvement program has been certified as 100 percent reimbursable in Germany. The company said the expansion comes as result of a partnership between the company's unit in Dublin, Ireland, and ResMed Germany. sleepscore labs germany expansion international resmed healthcare

LAUSD Ransomware Attack A Wake Up Call, Says Report

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A ransomware attack earlier this year at the Los Angeles Unified School District is a wake-up call about threats to the nation from cyberattacks, according to a story today from VentureBeat. The attack affected more than 650,000 students and 75,000 employees earlier this year. angeles losangeles school education cybersecurity cyberattacks lausd

Autonomy Dangles Cyber Monday Deals On Tesla Subscriptions

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Santa Monica-based electric vehicle subscription company Autonomy said today that it is dangling up a "limited-time offer" to get people to subscribe to its Tesla Model 3's. According to the company, it will let people pay $3,000 down and $450 a month for the first 12 months for the Tesla EV, in its "Cyber Monday" sale. It's unusual to see a car offered up in those online sales. The company said the price is its lowest price ever.

Crooked Media Finds Funding From Soros

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Los Angeles-based podcast media company Crooked Media has raised a big round of funding from Soros Fund Management, the investment firm owned by billionaire George Soros. Size of the funding was not announced. Crooked Media was founded by Jon Lovett, Jon Favreau and Tommy Vietor. who retain majority ownership of the company. Soros Fund Management gains a spot on the board of Crooked Media with the investment. crooked media soros podcast funding investment george content venture capital

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Snap Abandons Drone Dreams, Will Stop Developing Pixy

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Venice-based Snap appears to be abandoning its attempt to become a maker of selfie-snapping drones, according to the Wall Street Journal. According to the report, Snap CEO Evan Spiegal said that the company will "no longer develop" the Pixy selfie-snapping drone line, although it will continue to sell the product on its website. snap drone pixy selfie snapchat social

Forward Slope Gets Investment

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San Diego-based Forward Slope, a provider of software for the defense industry, has received an investment from private equity investor Trive Capital. Size of the investment was not announced. Forward Slope provides tactical visualization systems, geospatial mapping tools, data science, cyber security, and other products to the Navy and other national security customers.

Invest 100

Mobile Global Esports Raises $6.9M In Small IPO

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San Clemente-based mobile esports developer Mobile Global Esports has raised $6.9M in a small IPO, the company said last week. Acording to the company, it offered up 1,500,000 shares of its common shares at a public offering pice of $4.00 per share. The IPO was run by WestPark Capital. The company says it is focused on India and other South Asian markets; the company says it holds trademark and IP rights for collegiate esports tournaments and players in India.

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TigerConnect Bolsters Board

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Santa Monica-based TigerConnect said on Wednesday that it has bolstered its board of directors, adding Adrienne Kirby to the body. According to the company, Kirby is the former executive chairman and CEO of Cooper University Health Care, and also served as the President of MedStar Franklin Square Hospital Center. TigerConnect is a provider of a healthcare communication solution. tigerconnect board executive healthcare communication

Winnow Launches New Banking Law Product

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Anaheim-based Winnow. winnow banking subscription information data database

Hyperion Motors Aims At Hydrogen Fuel Cell Refueling

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Los Angeles-based Hyperion Motors says it is taking aim at the hydrogen fuel cell refueling market, with the launch of a product to provide both hydrogen refueling and battery charging. According to the company, it has developed something called the Hyper:Fuel Mobile Station, a mobile station for providing refueling and recharging infrastructure. The company said it expects to start rollout of those products in 2023. hyperion motors hydrogen fuel cell refueling

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Airgain Gets Win With EV Charging Company

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San Diego-based wireless products maker Airgain said it has scored a win with an un-named manufacturer of electric vehicle (EV) charging stations. Financial impact of the win were not announced. The company said the EV charger ompany will use its NimbeLink embedded modems for its nationwide network. airgain charging wireless electric vehicle modem

Performio Expands In London, Germany

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Irvine-based Performio, a developer of software used for incentive compensation management, said today that it has opened up a new office in London, and a new data center in Germany. According to the company, the new office in London will support its customers in Europe and the Middle East, with its solution being run in a hosted datacenter in Frankfurt. The company said its team in London is led by James Porter, Head of Sales EMEA. performio london germany international expansion datacenter

Sales 109

Piestro Pilots Pizza Robot In Vegas

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El Segundo-based Piestro, which is developing automated, pizza making robots, said today that it is rolling out a pilot of its "Piestro Pod" piza robot at Capriotti's Sandwich Shop. The startup said that Capriotti's will run a pilot of its technology at its flagship Las Vegas location, and that Capriotti's intends to purchase up to 100 of the machines within five years, after the pilot. Piestro is backed by Wavemaker Partners, and is led by CEO Massimo Noja de Marco.

Virgin Orbit Abandons Securities Offering

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Mojave-based Virgin Orbit, the Sir Richard Branson-linked company which is working on launching satellites into space from a modified 747, is abandoning its efforts to sell more stock in the now public company. According to a statement from the company, it has "elected not to proceed with an offering", citing "current market conditions". virgin orbit space spaceflight rocket launch stock offering vorb

ViaSat Satellite Moves Closer To Launch

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Carlsbad-based satellite communications provider ViaSat said today that its newest satellite, ViaSat-3 Americas, is moving closer to launch, after completing its Final Integrated Satellite Test (FIST). The company said those procedures are designed to test all the satellite's payload and bus systems to confirm they function properly following the stresses of mechanical environmental testing, which simulated the launch of the spacecraft.

Design 100

Bird Overstated Revenue For More Than Two Years

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Santa Monica-based Bird said last week that it had overstated its revenues for more than two years, by recognizing unpaid customer rides as revenue. According to Bird, its financial reports from the first quarter of 2020 through the second quarter of 2022 should "no longer be relied upon". Bird said its systems "recorded revenue for uncollected balances following the completion of certain Rides that should not have been recorded." The announcements came after an audit by Ernst & Young LLP.

GITAI Plans Space Robotics Test On ISS In 2023

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Torrance-based space robotics startup GITAI says that its robotics technology will be test on the International Space Station (ISS), on an upcoming mission to the space station in 2023. According to the company, it expects its extra-vehicular autonomous robot to be deployed externally on the Bishop Airlock. The company says its robotic arm is aimed at in-space servicing, assembly, and manufacturing in the vacuum of space. gitai space robotics robot international sation aerospace

Former SpaceX Employees File Complaint With NLRB

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Eight, former employees of Torrance-based SpaceX have filed a complaint with the National Labor Relations Board, saying they were fired for drafting a letter complaining about Elon Musk. According to the New York Times, the workers are "most likely protected under the National Labor Relations Act, which gives them the right to self-organize and band together for collective bargaining" and "mutual aid and protection."

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EV Connect Acquired By Schneider Electric

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El Segundo-based EV Connect, which builds and installs electric vehicle charging stations, has been acquired by Schneider Electric, the companies said today. Financial details of the acquisition were not announced. According to the companies, EV Connect CEO and foudner Jordan Ramer will continue to lead EV Connect's operations. EV Connect's customers inlude GM, Avista Utilities, Love's Travel Stops, Verizon, Marriott, Hilton, Western Digital, ADP, New York Power Authority, and others.