socalTECH

MAY 7, 2012

Los Angeles-based content developer Machinima is on the verge of an investment deal with Google , according to a report published Monday by AllthingsD. Machinima consistently ranks among the top providers of content on Google's YouTube, and has been one of the companies spearheading YouTube's push into original content.

Google 150

Google Report Invest Content 150

socalTECH

FEBRUARY 5, 2019

Machinima , which had been the poster child for Southern California's multi-channel-network (MCN) boom, has laid off most of its employees and ceased its operations , according to reports. in 2016, in a deal then reported as worth less than $100M. Machinima had been acquired by Warner Bros. READ MORE>>.

Report 127

Report Southern California Media Content 127

socalTECH

SEPTEMBER 9, 2014

San Diego-based Novatel Wireless reported late Monday that it has received a strategic investment from HC2 Holdings. According to publicly traded Novatel, HC2 will invest up to $23.7M in the company, with an initial cash investments of approximately $14.4M. novatel wireless wifi equipment hardware strategic investment'

Invest 138

Invest San Diego Report Develop 138

socalTECH

APRIL 3, 2018

A report, published Tuesday by CNBC, says Venice, California-based Snap is in advanced talks to set up a new office in Saudi Arabia. The report said the move is related to an effort by Saudi Arabian Crown Prince Mohammed bin Salman to help train Saudi youth to develop content for the market.

Southern California 113

Southern California Report Snapchat Venice 113

socalTECH

OCTOBER 22, 2018

CrowdStrike , the cybersecurity software developer which has major operations in Irvine, has hired an IPO banker and is eyeing an IPO before the end of the year, according to a report from Reuters. According to the report, CrowdStrike has hired Goldman Sachs to run its IPO process.

Invest 140

Invest Report Software Development Software 140

socalTECH

DECEMBER 3, 2012

San Diego-based Qualcomm has inked a deal with Japanese display maker Sharp , to invest approximately $61M (5 billion yen) in Sharp, as part of a joint development deal. The deal, first reported by Japanese newspaper Nikkei, said that the two will work together to develop an energy-efficient, LCD panel for smartphones.

Develop 147

Develop Development San Diego Report 147

socalTECH

JUNE 6, 2018

Playa Vista-based Science37 , which develops technology to allow pharmaceutical companies to conduct clinical trials at patients' homes, is reportedly raising around $130M in a funding round from Softbank, according to a report this morning. The round, a Series D, appears to value to company at around $300M. READ MORE>>.

Report 113

Report Technology Google Capital 113

socalTECH

MAY 31, 2013

Weoutta , a Silicon Valley developer of an application to help users discover and find events and things happening locally, has raised a funding round from newly formed Los Angeles investment firm TenOneTen , which was founded by David Waxman and Gil Elbaz. The investment by Weoutta was reported this morning by Fortune''s Term Sheet.

Invest 147

Invest SoCalTech Venture Capital Google 147

socalTECH

FEBRUARY 14, 2017

Vadio , a startup which had been developing software to synchoronize music and advertisements with online videos, is winding down, according to a number of reports on Tuesday. The startup--which has a significant number of LA inestors-- told the The Oregonian that the company couldn't secure adequate investment.

Report 113

Report Southern California Advertising Los Angeles 113

socalTECH

APRIL 11, 2014

Los Angeles-based Tinder , the mobile dating app developer led by Sean Rad, is now worth over $5 billion, according to a report Friday from Bloomberg. tinder venture capital investment social networking dating mobile snapchat' Bloomberg cited "people with knowledge of the deal." READ MORE>>.

Report 190

Report Snapchat Social Network Venture Capital 190

socalTECH

JUNE 27, 2013

San Diego-based DriveCam is driving towards an IPO, and has hired a trio of investment banks to manage its IPO pricess, according to Reuters. Reuters reports that Morgan Stanley, Baclays PLC, and Credit Suisse AG have been hired to manage the company''s IPO, citing three sources familiar with the move. READ MORE>>.

Report 147

Report San Diego News Invest 147

L.A. Business Journal

MARCH 13, 2018

OpenX, a Pasadena-based programmatic advertising technology company, announced $172 million in 2017 revenue in a March 13 report. In addition, OpenX invested $50 million into research and development this past year.

OpenX 100

OpenX Report Pasadena Advertising 100

socalTECH

DECEMBER 18, 2017

A report this morning says that Los Angeles-based Virgin Hyperloop One is getting set to announced a new, $50M investment, and will be installing Sir Richard Branson as its new chairman. According to Axios, the funding comes as Virgin Hyperloop One was "running very low on cash".

Report 124

Report Venture Capital Los Angeles Ideas 124

TechCrunch LA

NOVEMBER 11, 2020

New research has found that San Francisco and London have become two of the world’s leading hubs for VC investment into tech solutions that address one or more of the 17 UN’s Sustainable Development Goals (SDG), more commonly referred to as “Impact Tech” They are followed by Paris, Berlin, Stockholm, Shanghai and Beijing.

Venture Capital 357

Venture Capital Press Invest Research 357

TechCrunch LA

MARCH 6, 2020

Reuters reports that the Chinese company sold its 98% stake in Grindr to a U.S.-based The app, originally developed in Los Angeles, raised national security concerns after it was acquired by Beijing Kunlun in 2016 for $93 million. based company, San Vicente Acquisition Partners. That ownership was later scrutinized by a U.S.

Los Angeles 321

Los Angeles Software Review Acquisition Report 321

socalTECH

AUGUST 19, 2014

A new report this morning says that Hawthorne-based spaceship and rocket developer Space Exploration Technologies is in the midst of raising a new round of investment, which values the company at around $10 billion. The report came from TechCrunch. Amount of funding, and the investors involved, have not been disclosed.

SpaceX 164

SpaceX Report Funding Hawthorne 164

socalTECH

MAY 31, 2013

Weotta , a Silicon Valley developer of an application to help users discover and find events and things happening locally, has raised a funding round from newly formed Los Angeles investment firm TenOneTen , which was founded by David Waxman and Gil Elbaz. The investment by Weottawas reported this morning by Fortune''s Term Sheet.

Invest 113

Invest SoCalTech Venture Capital Google 113

socalTECH

OCTOBER 14, 2016

in funding, according to the latest numbers from the PricewaterhouseCoopers MoneyTree report, based on data from Thomson Reuters. According to the report, there were 71 deals worth a total of $663.2M The most amount of investment came for the Los Angeles-Long Beach MSA, which saw $247.6M billion funding round for Snapchat.

Southern California 100

Southern California Orange County Report Santa Barbara 100

socalTECH

OCTOBER 14, 2015

Irvine-based data storage developer Western Digital has been named as one of the companies potentially looking at a deal for flash memory maker SanDisk , according to a report late Tuesday. According to Bloomberg, SanDisk has hired investment bankers to find a buyer for the company. READ MORE>>.

Report 100

Report Invest Marketing Develop 100

socalTECH

FEBRUARY 21, 2012

San Diego-based Qualcomm Life , the wireless health-focused subsidiary of Qualcomm, reported today that it has made an investment in wireless healthcare startup AirStrip Technologies. Financial details of the investment were not disclosed. AirStrip had announced the strategic investment by Qualcomm earlier this week.

Invest 150

Invest San Diego Report Technology 150

Both Sides of the Table

JUNE 20, 2014

MiTú, based out of Los Angeles, was founded in 2012 by three veterans from the Hispanic media world: Beatriz Acevedo ( recently named on the 25 most important digital media players on The Hollywood Reporter !) , Doug Greiff and Roy Burstin. I outlined in this post how I believe YouTube Networks can still build high-margin businesses.

Invest 291

Invest Content Media Networking 291

socalTECH

JANUARY 18, 2013

Carlsbad-based Life Technologies said this morning that it has hired two investment banking firms, Deutsche Bank Securities Inc. However, according to a Canadian newspaper, the investment bankers are actually looking to help drum up interest in buyers for the company.

Technical Review 147

Technical Review Invest Technology Equity 147

socalTECH

OCTOBER 4, 2010

billion in investments, according to the Q3 analysis of venture capital deals by socalTECH.com. According to an analysis of socalTECH's proprietary database of venture capital deals, venture investors invested slightly more than the $966M in Q3 of 2009, but less than the $1.6 billion invested in Q2.

Southern California 196

Southern California Invest Westlake Village SoCal 196

socalTECH

OCTOBER 25, 2016

Los Angeles-based transportation technology developer Hyperloop One is looking to raise up to $250M in funding, according to a report published on Wednesday. The report, from Fortune, cites a leaked document which has been circulating among potential investors and real estate investors. READ MORE>>.

Report 100

Report Los Angeles Funding Technology 100

socalTECH

NOVEMBER 22, 2021

In a small post-IPO setback for Irvine-based Rivian, automaker Ford said Friday that Ford and Rivian have abandoned plans to jointly develop an EV together. According to reports, the move came due to the difficulty of marrying Ford and Rivian's hardware and software together. Ford made a $500M investment in Rivian in 2019.

Software Review 113

Software Review Report Invest Software 113

socalTECH

JANUARY 8, 2020

Curtis is the former publisher of the Robb Report, which he sold back in 2015, and has a long history of operating media companies that have published such titles as Home Office Computing, Home Theater, Mobile Computing, Worth, and many others. We built that into the authority in luxury in 18 different countries. That was our plan.

Media 150

Media Report Advertising Content 150

socalTECH

JANUARY 26, 2022

Los Angeles-based ServiceTitan, which develops software-as-a-service products to help home service and contractors manage their business and service calls, is reportedly looking to file for an IPO. According to reports, the company has "kicked off preparations" for an IPO in early 2022. billion earlier this year.

Report 113

Report Acquisition Los Angeles Services 113

L.A. Business Journal

APRIL 20, 2018

Saviynt raises $40 million; Snoops Dogg’s Casa Verde invests in Green Bits; USC earns top-10 spot for video game development programs.

USC 113

USC Report Invest Develop 113

socalTECH

NOVEMBER 15, 2011

Orange County-based PortfolioDashboards.com , a developer of software for providing updates and information to angel and other investors, launched today, saying that it is looking to provide angel investors and venture capitalists with regular, standardized, and aggregated performance data and reports on their portfolio companies.

Orange County 150

Orange County Invest Report Angel 150

socalTECH

OCTOBER 14, 2010

Venture capital investments in Southern California in Q3 totaled to $464.18M, according to the latest numbers released by the PricewaterhouseCoopers/NVCA Money Tree Report this evening, based on data from Thomson Reuters. billion invested in 780 venture capital deals for Q3. billion invested in the region. in investments.

Southern California 195

Southern California Venture Capital Orange County Rustic Canyon 195

socalTECH

MAY 17, 2011

A report today from Greentech Media says that Pasadena-based Idealab 's sale of portfolio firm RayTracker was worth $44.8M. Idealab, Quercus Trust, and Phoenix Fire had invested $3.5M in funding in RayTracker a developer of solar tracking technology. on their investment. READ MORE>>.

Idealab 140

Idealab Report Acquisition Pasadena 140

TechEmpower

AUGUST 21, 2023

We hear them explain that their current software development is expensive, deliveries are rarely on time, and random bugs appear. Common Signs You Need a Technical Review We’ve already mentioned the most common signs that you might need a technical review: Slow or late delivery: “I’ve authorized two new developers, and we’re still behind.”

Technical Review 260

Technical Review Development Team Review Software Review TechEmpower 260

socalTECH

OCTOBER 27, 2010

San Diego-based Phenomix , adeveloper of diabetes drugs, has shut down, according to reports. The firm--which was developing drugs to help treat diabetes--apparently has laid off most of its staff, and is looking for a buyer for the assets. The news of the shutdown was first reported by Xconomy.

Report 124

Report San Diego News Acquisition 124

socalTECH

JULY 17, 2014

The latest venture capital totals from the PricewaterhouseCoopers/National Venture Capital Association''s MoneyTree Report was released this evening, tallying up $761.12M in investments in Q2 of 2014 in Southern California, up from Q2 of 2013, when $616.83M was invested in the region. Nationally, there was $13.0 READ MORE>>.

Southern California 240

Southern California El Segundo Culver City Orange County 240

socalTECH

MAY 11, 2015

Los Angeles-based gay dating app and website developer Grindr is looking for a buyer, according to Bloomberg. Bloomberg said that Grindr has hired investment banker Raine Group to advise the company on a sale. Grindr was founded by Joel Simkhai. READ MORE>>.

Sales 100

Sales Web Development Report Los Angeles 100

socalTECH

OCTOBER 22, 2018

Sir Richard Branson is out as the Chairman of Los Angeles-based Virgin Hyperloop One , the developer of high speed, "hyperloop" transportation technology, the company said on Monday. Reason for the departure was not given, however, according to reports , the move officialy was because Hyperloop One needs a "more actively involved leader".

Report 133

Report Los Angeles Activity Invest 133

socalTECH

NOVEMBER 23, 2020

Los Angeles-based 3D printed rocket developer Relativity Space has closed $500M in Series D funding, the company disclosed Monday morning, saying it will use the new funding to accelerate commercialization, production scaling, and its long term development. READ MORE>>.

Funding 124

Funding Research Los Angeles Capital 124