Wed.May 02, 2018

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Massage-on-demand company, Soothe, raises $31 million

TechCrunch LA

The massage-on-demand service Soothe seems to be rubbing investors the right way with the close of a new $31 million round of funding. The Series C round from late stage and growth capital investment firm, The Riverside Company , caps a busy first quarter for the massage service. It also relocated from Los Angeles to Las Vegas; named a new chief executive; and announced new geographies where its massage booking platform is now available. .

Demand 274
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Soothe Scores $31M For On Demand Massages, But Moves To Vegas

socalTECH

Soothe , which provides on-demand access to certified massage therapists, has raised $31M in a new funding, the company said on Wednesday, but has shifted its headquarters out of Los Angeles and moved to Las Vegas. According to the company, the funding came from The Riverside Company. As part of the move, the company said its founder, Merlin Kauffman, has stepped down from his position, and a new CEO, Simon Heyrick, has taken his place.

Demand 100
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Silicon Beach Report May 2: Soothe Raises $31 Million, Heads to Vegas

L.A. Business Journal

Soothe raises $31 million, heads to Vegas; Snap doubles down on redesign; SpaceX commercial missions delayed.

SpaceX 100
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Soothe Score $31M For On Demand Massages, But Moves To Vegas

socalTECH

Soothe , which provides on-demand access to certified massage therapists, has raised $31M in a new funding, the company said on Wednesday, but has shifted its headquarters out of Los Angeles and moved to Las Vegas. According to the company, the funding came from The Riverside Company. As part of the move, the company said its founder, Merlin Kauffman, has stepped down from his position, and a new CEO, Simon Heyrick, has taken his place.

Demand 100
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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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Cord-cutting for Kids: Video App Kanopy Adds Free Children’s Shows

Xconomy

If you’ve already liberated yourself from a cable subscription in favor of streaming video services over the Internet, you’re parcelling out your dollars to get the content you want most from services such as Netflix, Hulu, and N.B.A. League Pass. A lesser-known option, Kanopy , offers an unusual streaming subscription deal: Pay nothing, because your university or your public library foots the bill.

Netflix 49
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MaxLinear Selected By German Networking Equipment Developer

socalTECH

Carlsbad-based MaxLinear , which develops radio frequency, analog, and mixed-signal integrated circuits, reported a win this morning with German home networking equipment maker devolo. According to MaxLinear, devolo has selected its G.hn Wave 2 transceiver ICs, for a new line of powerline networking products. Financial impact of the win, and anticipated shipment volumes were not announced. devolo's products are aimed at service providers and carriers in Europe.

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VizExplorer Wins New Customer

socalTECH

San Diego-based VizExplorer , which develops operational intelligence software used by casinos, reported a win with the Tunica-Biloxi Gaming Authority for Paragon Casino Resort, in Marksville, Louisiana. Financial details of the win were not announced. VizExplorer said the win also included its new premium consulting service. VizExplorer recently received a big round of funding from Morgan Stanley Expansion Capital.

Customer 100
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OTOY Links GPU Rendering, Blockchain With New Token

socalTECH

Los Angeles-based OTOY , which provides cloud-based, graphics rendering services, has jumped into the world of Blockchain, saying that it has launched a new Ethereum-based token called RNDR. According to OTOY, its new Blockchain-based rendering platform is build on the Ethereum blockchain, and creates a distributed network of idle GPUs to render graphics more requickly and efficiently for content creators.

Hollywood 100
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Willdan Buys Newcomb Anderson McCormick

socalTECH

Anaheim-based professional and technical consulting services provider Willdan Group announced this morning that it ha acquired Newcomb Anderson McCormick, Inc. (NAM), an energy engineering and consulting company with offices in San Francisco and Los Angeles. Financial details of the acquisition were not announced, however, Willdan said the acquisition will add approximately $7 million in annual revenue.