Wed.Apr 17, 2019

LA's AET Fund Raises $50M For Entertainment Technology Investment

socalTECH

A new, Los Angeles venture capital fund, AET Fund said on Wednesday that it has raised $50M to make investments in entertainment technology, and hired someone to head up its U.S. investment efforts. AET Fund--short for Akatsuki Entertainment Technology Fund--said it has hired Mark Linao as Principal, responsible for managing the company's $50M fund and its operations in United States. AET Fund had said last year that it would be establishing its venture funding efforts in Los Angeles.

How To Set A Balance Of User Growth Vs Profitability

Startup Professionals Musings

Image via Max Pixel A question that I still hear debated often is whether a new startup growth strategy should focus on user count or profits. First of all, the glory days of “dot.coms” are gone, when investors “didn’t care” about profitability, and all the big money was focused on user count growth.

AdGreetz Rolls Out Automated, Personalized Ad Marketing Platform

socalTECH

Los Angeles-based AdGreetz , which develops personzlied advertising technology, announced a new product this morning, and automated and integrated marketing platform it calls AdChef. AAcording to the company, the new software allows companies to produce, upload and deploy millions of unique creative versions of ads to the most popular digital media platforms and demand side platforms, in real time.

Turning Point Prices IPO, Raising $166M to Test Cancer Drugs

Xconomy

Turning Point Therapeutics raised more than $166 million in its IPO, pricing at the top of its range and putting nearly 2 million more shares into the public markets than it had initially planned.

Bloom Energy Gets Alternative Energy Win In Alhambra

socalTECH

A new, urban community in the Los Angeles area-- The Alhambra , a new 40-acre "mixed-use" community in the City of Alhambra--is jumping on the clean energy bandwagon, and will adopt fuel cell technology from Silicon Valley's Bloom Energy.

Thin Line Capital Backs Solar Technology Developer

socalTECH

Pasadena-based venture capital investment firm Thin Line Capital , a new venture capital firm led by venture veteran Aaron Fyke, has made its first investment, in a developer of solar technology. According to Thin Line Capital, it has made an ivnestment in Sistine Solar , which is developing technology which allows solar panels to blend in visually with roofs--using a special thin film coated with "ultra-durable" graphics and patterns.

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Scopely Expands In Culver City

socalTECH

Fast growing, Los Angeles-based mobile games and entertainment developer Scopely is in a big expansion, and has agreed to lease another 60,000 square feet of office space in Culver City, according to the company's broker, CBRE. According to CBRE, the expanded space will help Scopely more than double its Los Angeles footprint by 2020, significantly expanding its headquarters. The project is expected to be complete late next year.

Cornerstone OnDemand Aims At SMBs With Free Trial Offer

socalTECH

Santa Monica-based cloud-based learning and human capital management provider Cornerstone OnDemand is looking to attract more small business customers, as it extends from its core enterprise market, by offering up a free trial to those businesses. According to Cornerstone OnDemand, it has launched a 14-day free trial for small businesses, giving access to its "PiiQ" learning management system to companies for free.

Kyriba Acquires FiREapps

socalTECH

San Diego-based cloud treasury and finance software developer Kyriba announced this morning that it has completed its acquisition of FiREapps , a developer of enterprise currency management software. Financial details of the deal were not announced. According to Kyriba, the acquisition will give it a solution for managing global foreign exchange (FX) risk, and specifically will help finance chiefs mitigate the impact of currency fluctuations on earnings per share (EPS).

Equity 109

Slingshot Aerospace Lands $5M In New Seed Round

socalTECH

Los Angeles- and Austin-based Slingshot Aerospace , which develops artificial intelligence software that automatically processes large amounts of imagery data collected by drones, satellites, and aircraft, has raised another $5M, in a new seed funding round. The round was led by ATX Venture Partners, and also included the Rise of the Rest Seed Fund, part of Revolution, the investment firm led by former AOL co-founder Steve Case.