Tue.Jun 16, 2020

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Anthos Capital and NBA All-Star Baron Davis back LA-based college tuition savings service, UNest

TechCrunch LA

UNest , a Los Angeles provider of financial planning and savings tools for parents including college savings plans and other beneficial investment vehicles for various life events, has raised $9 million in a new round of funding, the company said. . Its round will be used to speed up its growth through strategic hires and partnerships, according to UNest.

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AECOM Names New CEO

L.A. Business Journal

Century City-based AECOM has named Troy Rudd to become its new chief executive, replacing longtime CEO Michael Burke.

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Los Angeles-based childcare and co-working startup Bümo adds more virtual classes for kids at home

TechCrunch LA

When Bümo co-founders Joan Nguyen and Chriselle Lim began planning for the rollout of their business, a combination daycare and co-working space for professional women on the go, they never expected to be offering daycare services virtually. But in the face of a global pandemic, every company has had to improvise and in the few months since its launch in 2019, that’s just what Bümo did.

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NVCA's Venture Forward Aims At More Inclusive VC Community

socalTECH

The National Venture Capital Association (NVCA) says that it is launching a brand new nonprofit Venture Forward , which it says will help advance initiatives around diversity, education, research, and history within the venture capital industry, to help promote a strong and inclusive community. The NVCA--which represents the venture capital industry--said that the new nonprofit is a response to the fact that although the industry produced "tremendous innovation and economic success" it has done

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Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19

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.

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Los Angeles-based Open Raven raises $15 million from KPCB for its security tech to secure hybrid clouds

TechCrunch LA

Open Raven , the Los Angeles-based security startup founded by a team of cybersecurity veterans from CrowdStrike and SourceClear, has closed on $15 million in new financing only four months after emerging from stealth and in the middle of a pandemic. . The company already boasted an impressive roster of investors well-versed in enterprise software and cybersecurity including Upfront Ventures; Goldman Sachs’ chief information risk officer, Phil Venables; RSA’s former chief strategy of

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Open Raven Finds $15M

socalTECH

Los Angeles-based Open Raven , a cybersecurity startup focused on preventing enterprise data leaks, has raised $15M in a new funding round, the company disclosed on Tuesday. The funding came from Kleiner Perkins Caufield and Byers (KPCB), along with Upfront Ventures, Signal Sciences, as well as angels Phil Venables (Chief Information Risk Officer, Goldman Sachs) and Niloo Razi Howe (former RSA Chief Strategy Officer).

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UNest Nabs $9M For College Savings App

socalTECH

Los Angeles-based UNest , which develops a mobile app to help parents with financial planning as well as college savings, has raised $9M in a funding round, the company said Tuesday. The funding came from Anthos Capital, Northwestern Mutual Future Ventures, Artemis Fund, Draper Dragon and Unlock Ventures. The investment also includes Baron Davis, the NBA player.

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FameBit No More, Now YouTube BrandConnect

socalTECH

FameBit , the online marketplace which had allowed advertisers to connect with YouTube influencers, is no more, and has been renamed YouTube BrandConnect , Google said on Tuesday. FameBit--which was based in Los Angeles, and was acquired by Google in 2015 --will continue to operate, and will continue to serve Youtube creators in the U.S. with over 25,000 subscribers.

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Iteris Wins Contract In Georgia

socalTECH

Santa Ana-based traffic and mobility management systems developer Iteris reported this morning that it has scored a subcontract win, part of a $2.4M project, for the Georgia Department of Transportation. The company said it will deploy its products as part of a statewide intelligent transportation system (ITS) maintenance sub-contract. The company did not say how much of that $2.4 million will go to the company.

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Newegg Aims Tool At Build Your Own PC Market

socalTECH

Los Angeles-based online electronics retailer Newegg is looking to attract people interested in building their own, custom computers, with a new "PC Builder", the company said today. The company said its Newegg PC Builder lets users configure their own custom computer, without having to consider the issues of hardware compatibility. The company says its custom PC experience lets people personalize, upgrade, add custom cooling, hardware overclocking, and more.

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Cardiff Oncology Raises $13.5M

socalTECH

San Diego-based Cardiff Oncology said this morning that it has raised $13.5M in an equity funding round. The company, which is working on drugs to treat cancer, said the funding was led by Acorn Bioventures and CAM Capital. The company said the funding will go to accelerate the development of its lead compound, onvansertib, and also for associated capital expenditures.

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