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.

7 Whirlwind New Venture Partner Marriages To Avoid

Startup Professionals Musings

Image via Pixabay Most entrepreneurs who start a company alone soon come to the conclusion that two heads are better than one – someone to share the workload, the hard decisions, and the costs. In a moment of crisis, you may be tempted to take on the first person expressing interest as a co-founder.

Procore Joins Philanthropy Movement

socalTECH

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.

CIO 109

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

socalTECH

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.

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Stamps.com Names ShippingEasy CEO To Board

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El Segundo-based online postage and shipping software developer Stamps.com says it has named Katie May, the CEO of e-commerce software company ShippingEasy.com , to its board of directors. ShippingEasy was acquired by Stamps.com in 2016. According to Stamps.com, May has more than 20 years of experience building multiple successful startups.

Cullgen Collects $16M

socalTECH

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

socalTECH

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.