L.A. Business Journal

FEBRUARY 2, 2021

Ladera Heights-based defense contractor LinQuest Corp. received a five-year contract from U.S. Space Force worth $500 million.

182

182

TechCrunch LA

FEBRUARY 2, 2021

The Los Angeles-based commerce and content platform StackCommerce has been acquired by the Integrated Media Company, a holding company set up by the massive private equity fund, TPG, to acquire new media businesses. StackCommerce’s affiliate buying platform has distributed more than $175 million on its platform by going directly to merchants. Through its platform publishers can make between 15% to 20% of gross compared with 5% on an affiliate marketing site.

Media 134

Media Commerce Company Companies 134

socalTECH

FEBRUARY 2, 2021

Los Angeles-based nstartup HealthTensor, which is developing artificial intelligence (AI) software aimed at helping to augment medical decision making, announced on Tuesday that it has raised $5M in a seed funding round. The funding was led by Calibrate Ventures, TenOneTen Ventures, and Susa Ventures, along with angels. HealthTEnsor said it will use the funding to scale its software engineering and implementation team.

Artificial Inteligence 133

Artificial Inteligence Seed Funding Software Engineering Los Angeles 133

L.A. Business Journal

FEBRUARY 2, 2021

SpaceX lost another prototype of its Starship rocket when a test flight of the enormous spacecraft ended in a crash landing.

SpaceX 147

SpaceX 147

Advertiser: Aggregage

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.

Company

socalTECH

FEBRUARY 2, 2021

Los Angeles-based fintech venture capital investor Core Innovation Capital is nearing its $125M target for its third fund, Core Innovation Capital III, according to recent regulatory filings from the company. The venture firm--led by Arjan Schutte and Kathleen Utecht--makes investment in finance related technology companies. The company has been working on its fundraising since 2018, but only recently updated its filings to indicate it has now raised $117.2M as part of a targeted $125.0M fund.

Capital 113

Capital Funding Invest Venture Capital 113

socalTECH

FEBRUARY 2, 2021

Hawthorne, California-based SpaceX has destroyed another one of its prototype Starship space rockets on Tuesday, after a Starship SN9 failed to land properly in Bolsa Chica, high altitude test. A livestream of the launch of the Starship SN9 prototype showed the rocket successfully launching, but failing to arrest its descent, resulting in a fireball after the rocket exploded when it touched the ground.

SpaceX 113

SpaceX Hawthorne 113

socalTECH

FEBRUARY 2, 2021

Los Angeles-based NHN Global, which owns a number of e-commerce, cloud services, and entertainment companies, said it has acquired Cloudnexa, a provider of AWS cloud managed services and other consulting efforts. Financial details of the buy were not announced. NHN Global--based in LA, but which is a subsidiary of a publicly traded NHN Corporation in South Korea--said it will use the acquisition to deliver and expand its AWS Cloud Managed Services efforts.

Commerce 113

Commerce Entertainment Acquisition Los Angeles 113

socalTECH

FEBRUARY 2, 2021

Los Angeles-based private equity investor Clearlake Capital, along with private equity partner Motive Partners sai this morning that the two have agreed to acquire 80% of New York-based InvestCLoud, which develops digital wealth and investment management software. Financial terms of the deal were not announced. The companies said the acquisition also merges existing Motive Partners portfolio companies Finantix and Tegra118.

Capital 113

Capital Equity Acquisition Los Angeles 113

socalTECH

FEBRUARY 2, 2021

Los Angeles-based ServiceTitan, which develops software which helps residential and commercial service contractors manage their business, said today that it has acquired ServicePro, a developer of software for the pest, lawn, and arbor industries. Financial details of the buy were not announced. According to ServiceTitan, it will help ServicePro to scale its support and product development.

Los Angeles 113

Los Angeles Software Help Services 113

socalTECH

FEBRUARY 2, 2021

Los Angeles-based Backstage Capital, the startup investment fund led by Arlan Hamilton, has raised more than $1M for its new venture capital fund via crowdfunding, according to its crowdfunding page. Backstage Capital's crowdfunding page says the company raised $1,070,000 from 2,063 investors, in a crowdfunding effort just kicked off a few days ago.

Capital 113

Capital Funding Venture Capital Invest 113

socalTECH

FEBRUARY 2, 2021

Venice, California-based StackCommerce, which develops a white-label marketplace which is used by publishers and brands to help connect people with products, has been acquired by Integrated Media Company (IMC), itself owned by private equity investor TPG. Financial terms of the acquisition were not announced. Stack Commerce is led by founder and CEO Josh Payne.

Venice 113

Venice Commerce Equity Acquisition 113

socalTECH

FEBRUARY 2, 2021

Irvine-based HappyFox, a developer of help desk software, says it has launched a new artificial intelligence software, HappyFox Assist AI. The company said the new software helps provide automatic resolution of repetitive questions to IT and HR teams from within Slack. Slack is a very popular communication tool for companies. HappyFox said the new software integrates with Slack, as well as knowledge base tools like Confluence, as well as ticketing systems Zendesk and HappyFox Help Desk.

Artificial Inteligence 113

Artificial Inteligence Knowledge Base Tool Help 113