Wed.Apr 10, 2019

DroneBase raises capital and partners with FLIR Systems to train pilots on thermal imaging tech

TechCrunch LA

Publicly traded sensor technology developer, FLIR Systems , is investing in a strategic round of funding for the outsourced drone imaging company, DroneBase.

Procore Joins Philanthropy Movement

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Carpinteria-based cloud software developer Procore Technologies , which develops cloud- and mobile- software for the construction industry--and is one of Southern California's multi-billion valuation unicorn startups --says it has joined Pledge 1% , a philanthropic group which challenges technology companies to pledge 1 percent of their equity, product, and employee time for their communities.

How ZestFinance Is Using Machine Learning to Reshape Lending, with Jay Budzik

socalTECH

One of the hottest sectors of the technology startup market today is the use of artificial intelligence, big data, and machine learning across many different sectors including finance. One Los Angeles company, ZestFinance (www.zestfinance.com), has been working in this area for a few years.

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NVE Experience Agency Buys The Future Party

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Beverly Hills-based NVE Experience Agency , a live event production company, said it has acquired The Future Party , a community-based organizer of monthly dinners, parties, salons, and "branded activations" for Millenial and Generation Z creators and entrepreneurs, the companies said this morning. Financial details of the buy were not announced. The Future Party was founded in 2012 by Boye Fajinmi, Francis Pollara, Layne Button, Paul Yurick, and Steven Haddadian.

BVAccel Acquires Unit Of WebLinc

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San Diego-based BVAccel , a provider of e-commerce website design and development, optimization, marketing services, and other services, said today that it has acquired the internal commerce agency of WebLinc Corp. Financial details of the acquisition were not announced. BVAccel is majority owned by private equity investor August Spark. According to BVAccel, the acquisition will help it expand and strengthen its e-commerce service offerings.

REX Moves HQ To Texas

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Former Los Angeles-based online real estate startup REX has shifted its headquarters to Texas, after the move of its CEO to Austin, in a loss to Southern California's growing high tech startup community--although the company says it still has a team of 50 in Woodland Hills, and that it expects to continue to grow its team in that location.

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Cullgen Collects $16M

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San Diego-based biotechnology company Cullgen has raised $16M in a Series A funding, to go towards possible treatments for cancer, inflammatory, and autoimmune diseases, the company said this morning. The funding came from Sequoia Capital China and Highlight Capital. According to Cullgen, the funding round will go towards its development of its internal pipeline of protein degraders, which has use in possibly treating cancer, inflammatory, and autoimmune diseases.

LA's DroneBase Gets Strategic Funding From FLIR Systems

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Los Angeles-based drone imagery and UAV pilot network operator DroneBase has received a strategic funding round from thermal imaging camera maker FLIR Systems , the two said this morning, with FLIR becoming the exclusive provider of thermal imaging cameras for the DroneBase pilot network. Size of the investment was not announced.