Tue.Dec 04, 2018

Freeletics raises $45M for its AI-powered mobile fitness coach

TechCrunch LA

One of Europe’s most popular fitness applications is poised to flourish in the U.S. market with the help of several Los Angeles-based investors. Freeletics , headquartered in Munich, Germany, is today announcing its first round of private capital after bootstrapping since 2013.

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Freeletics Finds $45M For Digital Workout App

socalTECH

Los Angeles-based Freeletics , a startup focused on digital fitness, has raised $45M in a Series A funding round, the company said this morning. The funding was led FitLab, Causeway Media Partners and JAZZ Venture Partners, and also included Courtside Ventures, Elysian Park Ventures, ward.ventures, plus Tony Robbins.

SRAX Financial Officer Departs

L.A. Business Journal

Downtown-based advertising technology firm Social Reality Inc. doing business as SRAX) announced Nov. 30 its Chief Financial Officer J.P. Hannan will resign

Jam City Launches Season of Cookies Event

socalTECH

Los Angeles-based mobile game maker Jam City , on a play on its popular title, Cookie Jam Blast, said it is launching a new, cookie-focused event within its game called the "Season of Cookies". According to Jam City, it will be featuring cookie recipes from its players in the game, alongside game pieces based on those recipes. Jam City explained the event will create a "mobile recipe exchange" among its players around the world, showcasing player recipes all during the holiday season.

Silicon Beach Report Dec. 4: Faraday Future Faces More Furloughs

L.A. Business Journal

Hulu plans new advertising structure; SRAX CFO leaves; Faraday Future cutting more employees

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Faraday Future Furloughs Hundreds More Workers

socalTECH

Los Angeles-based electric car startup Faraday Future has furloughed more than 250 workers, as the company continues its downward spiral. The company said its financial crisis was caused by failure of its biggest investor, Evergrande Health, which has refused to make what Faraday Future says were "scheduled payments". Faraday Future said the furlough move was an "extremely tough decision to make" but that it is seeing interests from investors in investing in the company.

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Newegg Making International Push

socalTECH

Los Angeles-based online electronics retailer Newegg says it is making a big international push, saying it now reaches more than 50 countries through localized websites for each of those countries. Newegg said it recently improved its operations to include translated country-specific websites, expanded local-language support, new local return options and free shipping on select products.

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Happy Hour: Tech Toy Stories (2018-12-05)

SoCal Tech Calendar

Wednesday, December 5, 2018 --.

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Teledyne: Our Sensors Key Part Of NASA's Asteroid Mission

socalTECH

Thousand Oaks-based Teledyne Technologies is hailing the arrival of the NASA OSIRIS-REx asteroid mission yesterday, saying that its sensors were a key part of that mission, aimed at investigating how planets formed, life began, and investigating how asteroids impact Earth. According to Teledyne, the majority of the image sensor technologies used in the OSIRIS-REx were developed by Teledyne.

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BCMA Day: At ASH ‘18, Cell Therapies For Myeloma Take Center Stage

Xconomy

The treatment landscape for multiple myeloma, a deadly cancer of the bone marrow that affects about 30,000 Americans every year, has changed significantly over the past decade. And more changes look to be on the way.

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Report: Uber Considering Deal to Buy Either Bird or Lime

socalTECH

Ridesharing giant Uber is considering a major deal to buy either Santa Monica-based on-demand scooter rental service Bird , or possibly, Bird's key rival, Lime , according to a report. According to The Information, Uber has been holding talks with both Bird and Lime about acquiring one of the companies in what would be a multi-billion dollar deal.

“JK Told Me He Was Planning This”: A CRISPR Baby Q&A with Matt Porteus

Xconomy

Last week, Chinese researcher He Jiankui stunned the world with his claim to have created the world’s first gene-edited humans. He said he had used CRISPR-Cas9 to change the DNA of the embryos of twin girls, to make them immune to HIV infection, then implanted them in their mother’s womb via in vitro fertilization. He announced on video the girls were born healthy. Three days after the shocking revelation, he defended his work at an international summit in Hong Kong.

Event-Stream Hack Is Not Cause For Panic About Open-Source Security

Xconomy

News last week that event-stream, the popular open-source code library managed by NPM , had been compromised by a hacker (or hackers) looking to steal Bitcoin led some to question the underlying security of the open-source components that they are using in their software. According to reports, a hacker gained control of the event-stream package by offering to take over maintenance of the open-source project from its creator.

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15Five Lands $8M To Expand Use of Its Coaching Software for Managers

Xconomy

San Francisco-based performance management startup 15Five , whose mission is to torpedo annual performance reviews for workers and replace them with supportive weekly coaching by managers, announced today it raised $8 million in a Series A funding round.

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