socalTECH

JANUARY 5, 2023

A report from Business Insider says that Los Angeles-based electric vehicle subscription company Autonomyis running out of money and in "dire straits". According to the report, the company--which offers up Tesla vehicles on a subscription basis--is in the midst of attempting to find emergency funding.

Report 100

Report Los Angeles Pricing Funding 100

TechCrunch LA

APRIL 17, 2018

The mayor of Los Angeles confirmed earlier reports that SpaceX will build its largest rocket, the BFR, at the Port of Los Angeles. The company intends to build a manufacturing facility on an 18-acre site at Berth 240 and use waterways to transport the massive rocket. This announcement confirms those reports.

Los Angeles 274

Los Angeles SpaceX Angel Report 274

socalTECH

OCTOBER 30, 2018

Los Angeles-based Faraday Future founder Nick Sampson says that the company is "effectively insolvent", and has resigned from the company, according to The Verge. The company's chief designer left yesterday. The departures come as a result of a split between the company's Chinese investment backers and management.

Report 113

Report Company Companies Los Angeles 113

socalTECH

APRIL 5, 2021

Los Angeles-based Pipeliner CRM, which develops customer relationship management software for sales teams, recently released a new update to its software, adding new reporting and analytics features.

Report 113

Report Tool Los Angeles Software 113

socalTECH

SEPTEMBER 15, 2016

Is another, Los Angeles consumer startup-- The Honest Company --about to be acquired by Unilever ? An unconfirmed report Thursday afternoon, from TechCrunch, says that Unilever is in early talks to acquire the company, founded by Jessica Alba and SoCal serial entrepreneur Brian Lee. READ MORE>>.

Dollar Shave Club 100

Dollar Shave Club Report Company Companies 100

socalTECH

OCTOBER 20, 2017

Los Angeles and San Diego are among the metro areas with the highest startup activity, based on a new report from the Ewing Marion Kauffman Foundation. The index uses the rate of new entrepreneurs in the economy, "opportunity share" for new entrepreneurs, and startup density to rank companies in different metro areas for its rankings.

San Diego 113

San Diego Los Angeles Report Angel 113

socalTECH

JUNE 19, 2020

Even as the global pandemic has thrown growth plans into question, apparently, at least one Los Angeles company is ramping up its hiring: Jam City. According to a report, the LA mobile games developer has "dozens of positions" open at the company.

Company 124

Company Companies Mobile Los Angeles 124

socalTECH

SEPTEMBER 18, 2020

Los Angeles-based mobile game developer Scopely is reported to be seeking to raise $200M in a new funding round, which would value the company at around $3 billion, according to a report. The report, from Bloomberg, said the valuation of the company is up from an earlier $1.9 billion valuation as of March.

Report 113

Report Los Angeles Mobile Invest 113

socalTECH

FEBRUARY 11, 2020

Los Angeles-based online "dollar-store" style e-commerce provider Hollar is reportedly in the midst of winding down, according to a report on Tuesday. The company had raised over $75M in total funding. The company's current CEO is Steve Oliver. READ MORE>>.

Report 113

Report Commerce Los Angeles Angel 113

socalTECH

AUGUST 31, 2020

Los Angeles-based Steno , a new startup which offers up remote court reporting services, has raised $3.5M in a seed funding, according to the company. Steno says it offers up a full suite of court reporting services, offering up remote depositions and handling things like payments and scheduling. READ MORE>>.

Report 113

Report Seed Funding Los Angeles Services 113

socalTECH

NOVEMBER 17, 2020

Los Angeles-based printed rocket technology developer Relativity Space is in the midst of raising $500M, in a funding round which values the company at $2.3 billion, according to a report today from CNBC. The new round is reportedly being led by Tiger Global Management. READ MORE>>.

Report 124

Report Los Angeles Tool Capital 124

socalTECH

JULY 9, 2012

Southern California's largest angel investment group, the Tech Coast Angels , looks to be one of the lead investors nationally in angel-backed companies, according to a report released Monday by the Angel Resource institute. READ MORE>>.

Tech Coast Angels 200

Tech Coast Angels Angel Invest Southern California 200

socalTECH

FEBRUARY 1, 2021

Los Angeles-based Honest Co., the online baby and beauty products retailer co-founded by Brian Lee, Jessica Alba, and Christopher Gavigan, and Sean Kane, has reported filed for an IPO, according to a report from Bloomberg. The report cited "people familiar with the matter". The report says Honest Co.

Report 113

Report Acquisition Los Angeles Product 113

socalTECH

NOVEMBER 16, 2021

In an inauspicious start as a public company, Los Angeles-based electric vehicle developer Faraday Future says it is delaying its filing of its quarterly reports for the quarter ended September 30th, 2021, due to allegations of "inaccurate disclosures".

Report 113

Report Los Angeles Pricing Angel 113

socalTECH

AUGUST 24, 2020

Los Angeles-based Spaces , which had been developing in-person locations to experience virtual reality, has reportedly been acquired by Apple. A report, from Protocol, said the acquisition came after Spaces announced a shutdown of its services last week. Spaces was led by CEO Shiraz Akmal. READ MORE>>.

Report 113

Report Acquisition Los Angeles Services 113

TechCrunch LA

OCTOBER 22, 2018

In an attempt to boost diversity and inclusion efforts and civic engagement between the growing technology industry in Los Angeles and the community that surrounds it, over 80 venture capitalists and entrepreneurs joined the city’s mayor, Eric Garcetti, and the non-profit Annenberg Foundation to announce PledgeLA. The landmark.

Los Angeles 249

Los Angeles Angel Entrepreneur Orange County 249

socalTECH

APRIL 17, 2013

A report Wednesday afternoon says that Los Angeles-based streaming media site Hulu has hired investment banking firm Guggenheim Partners, to advise the firm on a sale. The report from Reuters , citing three sources with knowledge of the matter, said there''s an ongoing auction process for Hulu.

Hulu 189

Hulu Report Company Companies 189

socalTECH

JULY 26, 2019

Los Angeles-based Boring Co. , the underground, high tech transportation company run by Elon Musk, has raised $120M in a funding, which reportedly came from 8VC, Vy Capital, and Future Ventures. According to the report from Bloomberg, the new funding values Boring. The funding is the first outside investment for the company.

Report 113

Report High Tech Los Angeles Invest 113

socalTECH

AUGUST 12, 2019

Los Angeles-based Ring , the developer of Internet-connected doorbells and security cameras, reportedly told people to report "suspicious activity" in their neighborhood in exchange for free "swag bags", according to Motherboard.

Report 113

Report Slides Los Angeles Activity 113

socalTECH

APRIL 6, 2021

Los Angeles-based battery developer Romeo Power reports that it has scored a win with PACCAR, a manufacturer of high-quality light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates. The company said its battery sytems will be used for Peterbilt 579 and 520 Battery-Electric Vehicles.

Report 113

Report Los Angeles Product Angel 113

socalTECH

NOVEMBER 16, 2020

Santa Monica-based on-demand, last mile transportation company Bird is considering going public via a Special Purpose Acquisiton Company (SPAC), according to a report from Bloomberg. It's unclear how far along the SPAC might be, however, Bloomberg said the discussions "are in an early stage".

Report 124

Report Santa Monica Los Angeles Demand 124

socalTECH

OCTOBER 21, 2020

Los Angeles-based Quibi is shutting down and has hired a restructuring firm to help it wind down the company, with co-founder Jeffrey Katzenberg confirming to investors on Wednesday that the company will shut down, according to a report from the WSJ. Quibi has raised more than $1.75

Report 100

Report Content Los Angeles Mobile 100

socalTECH

MARCH 27, 2019

The current, Chinese owners of gay and bisexual dating app developer Grindr is being pushed to divest the company, on concerns over national security, according to a report from Reuters. Grindr was founded in Los Angeles, and still has substantial operations here. Grindr is owned by Beijing Kunlun Tech Co Ltd., READ MORE>>.

Company 124

Company Companies Report Los Angeles 124

socalTECH

JULY 23, 2012

There's been a surge in startup accelerator activity in Los Angeles in the last year, as interest in starting a company in the region has grown, and a wide range of experienced entrepreneurs and investors have pitched in to help companies get to the next level. in companies associated with digital studio Science Inc.

Los Angeles 234

Los Angeles Angel Report Startup 234

socalTECH

JANUARY 29, 2016

A report, issued earlier this week by venture firm the Female Founders Fund , says that Los Angeles, and New York, are better markets than Silicon Valley to find funding for female founders. READ MORE>>.

Los Angeles 100

Los Angeles Report Angel Invest 100

socalTECH

MAY 28, 2019

A report today, from Reuters, says that the Chinese owner of Los Angeles-based gay dating app developer Grind , gave access to its Beijing-based engineers to the data of millions of Americans, despite U.S. orders to keep that data private.

Report 138

Report Los Angeles Angel Develop 138

socalTECH

NOVEMBER 9, 2020

Los Angeles-based podcasting network Wondery appears to be attempting to sell itself for between $300M to $400M, according to multiple reports. It's unclear how far along those talks are--Bloomberg said its sources said "negotiations are ongoing" with companies such as Apple and Sony. READ MORE>>.

Report 113

Report News Los Angeles Networking 113

socalTECH

JULY 17, 2013

The Angel Capital Association , a group which represents angel investors, says this week that the changes in the final rules banning "general solicitation" of companies seeking investments from accredited investors, could "kill most angel investment in the country." Image courtesy Bigstock. READ MORE>>.

Angel 203

Angel Invest Tech Coast Angels Keiretsu 203

socalTECH

JANUARY 5, 2021

Los Angeles-based Cameo, which allows anyone to pay their favorite celebrities, athletes, actors, and many others to record personalized messages to them, had roughly $100M in transactions in 2020, according to a report, and has reached 200 employees. The company said sold 1.3 million videos in 2020.

Report 113

Report Los Angeles Angel Company 113

socalTECH

DECEMBER 1, 2017

A report this morning says that the Chief Designer for Los Angeles-based Faraday Future , Richard Kim, has resigned--and many employees are skipping work as the company continues to look for investment. The report, from The Verge, follows earlier, high profile executive departures at the electric car designer in November.

Design 147

Design Report Los Angeles Invest 147

Berkonomics

FEBRUARY 27, 2020

When you seek professional investors, whether organized angels or venture capitalists, one of the early questions you are asked is “How have you financed the business so far?” Does issuing a PPM insulate the company? How it happens. Investors love to see entrepreneurs who have used their own money to ignite their businesses.

Company 156

Company Companies Invest Entrepreneur 156

socalTECH

AUGUST 25, 2020

A new analysis, by Los Angeles-based expense management software developer Emburse , shows that reimbursed employee expenses have shifted significantly in the wake of the COVID-19 pandemic. Acording to the report, spending on food delivery services grew by 110% annually, with DoorDash representing 36% of expenses submitted, with 25.1%

Report 113

Report Software Development Los Angeles Software 113

socalTECH

NOVEMBER 5, 2018

The first, high tech test tunnel built by LA's The Boring Company , bored between the SpaceX parking lot and a home in Hawthorne, California, is almost complete, and will open to the public on December 10th, according to Boring Company and SpaceX CEO Elon Musk. Opens Dec 10 — Elon Musk (@elonmusk) October 22, 2018.

Company 133

Company Companies SpaceX High Tech 133

socalTECH

OCTOBER 6, 2017

Los Angeles-based The Honest Company , the natural home products brand, said late Thursday that it has closed on a Series E financing round. The round was led by Fidelity Management & Research Company, along with others. Unconfirmed reports place the funding at $75M, at $19.60 Size of the round was not announced.

Company 138

Company Companies Funding Commerce 138

TechCrunch LA

JANUARY 30, 2020

SpaceX is said to be in talks with local government officials about setting up a new rocket factory in the Port of Los Angeles, a location that would give it easy access to the ocean for transporting its next-generation Starship and Super Heavy launch vehicles to its coastal launchpad sites in Florida.

SpaceX 206

SpaceX Report Hawthorne Los Angeles 206

socalTECH

OCTOBER 12, 2020

Los Angeles-based social application developer Triller , which competes head to head against TikTok , is seeking to reach the public markets through a SPAC (special purpose acquisition company), according to a report. Reuters cited "people familiar with the matter" for the report. READ MORE>>.

Report 113

Report Acquisition Los Angeles Sales 113

socalTECH

APRIL 22, 2019

The Chief Marketing Officer of high flying, Los Angeles-based job recruiting technology developer ZipRecruiter has resigned from the company, after a story was published last week by BuzzFeed, detailing alleged sexual misconduct at his prior employer, Uber. Eyal Gutentag reportedly resigned on Friday. READ MORE>>.

Buzzfeed 133

Buzzfeed Report Los Angeles Marketing 133