Fri.Jan 17, 2020

SpinLaunch Raises $35 Million

L.A. Business Journal

Small satellite launch firm SpinLaunch Inc. has raised a $35-million equity round

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5 Steps To A Winning Personal Brand For Entrepreneurs

Startup Professionals Musings

Although most people believe that being a successful entrepreneur is all about having the right idea, I’m convinced from my years of experience as a startup advisor and investor that’s it’s more about you as a person.

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March Capital Partners Leads Action IQ Series C

L.A. Business Journal

Santa Monica-based venture investors March Capital Partners led a $32 million funding round for data startup ActionIQ

Homebound Gets $35M More For Home Rebuilding


Homebound , a startup which rebuilds homes after disasters--and which has offices in Malibu--has raised $35M in a Series B funding, the company disclosed this week, bringing its total raised to $53M. The startup--which is split between Santa Rosa, California and Malibu, California--said the Series B was led by Los Angeles-based Fifth Wall Ventures, and also included Khosla Ventures, Google Ventures, Ashton Kutcher, and Thrive Capital.

Malibu 109

Warner Bros. Signs Cinelytic

L.A. Business Journal

Warner Bros. Pictures International is betting that artificial intelligence can help manage its expansive catalog

Help 130

Cornerstone OnDemand Acquires Clustree


Santa Monica-based Cornerstone OnDemand. announced on Thursday that it has acquired Clustree , a developer of artificial intelligence software that uses machine learning and algorithms to match an organization's employees' skills with specific job roles. Cornerstone OnDemand said it agreed to paid approximately $18.5M in cash for Clustree, which is based in France. Clustree's customers included Carrefour and SNCF.

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Skyview Capital Buys Fidelis Cybersecurity


Los Angeles-based private equity investor Skyview Capital has acquired cybersecurity software developer Fidelis Cybersecurity a provider of network traffic analysis, digital forensics, and incident response software, the company said late Thursday. Financial terms of the stock transaction were not announced. Skyview Capital says that Fidelis has over 250 employees. Fidelity Cybersecurity is based in Bethesda, MD.

Hollywood Software Firms Merge

L.A. Business Journal

Burbank-based Entertainment Partners has acquired Culver City-based software developer SyncOnSet Technologies Inc

SpaceX's Elon Musk: One Million People To Mars By 2050


Elon Musk , the founder of SpaceX and Tesla Motors , says the goal of all of the spacecraft development at SpaceX is to send one million people to Mars by 2050. Saying that "there will be lots of jobs on Mars", Musk said he wants to load up a fleet of SpaceX Starships into Earth Orbit, sending nearly 1,000 ships at a time over 30 days every 26 months to the Red Planet, "Battlestar Galactica" style. Musk said his goal of making life interplanetary is " why I'm accumulating assets on Earth."

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Bio Roundup: EQRx’s Ambitions, Nektar No Vote, New Frazier Fund & More


Perhaps the most talked-about news at the JP Morgan Healthcare Conference this week was a new startup that launched with $200 million and an ambitious claim its first drug would be approved within five years, and 10 more within as many years. Cambridge, MA-based EQRx contends it will be able achieve its goals by re-engineering the way new drugs are created, tested, and commercialized—significantly accelerating the typical drug development timeline in ways others have been unable to do.