Thu.Jan 27, 2022

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Don’t just raise money. Do it on good news!

Berkonomics

Why is this important advice? Because the first rule for raising money is to do it on good news – right when sales are increasing at an accelerating rate. Or when a major customer signs a significant deal. Or when something happens that makes an investor think this company is about to break out. What if you have no good news to offer? Unfortunately, the longer you wait without significant upward news, the harder it is to get attention.

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PortalOne raises $60M as it levels up to launch its hybrid, immersive gaming platform later this year

TechCrunch LA

Gaming has been one of the most popular entertainment categories in the last two years of pandemic living. Now, a gaming startup that’s building a new kind of platform that it thinks will be a — wait for it — game changer in the category is announcing some funding as to ride that wave of attention. PortalOne , which is building an immersive gaming platform that describes itself as hybrid in more ways than one — it mixes games with a game show/talk show format, and it̵

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Blizzard Plans New Survival Themed Game

socalTECH

Santa Monica-based video game publisher Activision Blizzard is planning a new, yet-to-be-named survival game, which it calls "Unannounced Survival Game", it announced in looking to recruit people to work on the new project. The announcement linked to a Blizzard job postings page, and included a few pieces of conceptual art. It's unclear when the new title will hit the market.

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Apollo Medical Holdings Acquires Orma Health

socalTECH

Alhambra-based Apollo Medical Holdings, a healthcare company focused on "value-based care", said it has acquired Orma Health and Provider Growth Solutions LLC. Orma Health develops an artificial intelligence software platform that helps healthcare providers identify patients for various clinical programs, including remote patient monitoring, mental health support, chronic disease management, and more. financial terms of the deal were not announced.

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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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Shield AI Sets Up Shop In UAE

socalTECH

San Diego-based Shield AI, which is developing artificial intelligence software for automated drone piloting, says it has set up an office in the UAE, led by a former Navy SEAL Vice Admiral. According to the company, the new international office is headquartered in Abu Dhabi, United Arab Emirates, and will be led by Bob Harward as Executive Vice President for International Business and Strategy.

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Matters Labs Gets $2M

socalTECH

Matters Lab, with operations in Los Angeles, Hong Kong, and Taipei, says it has raised $2M in what it calls a "Pre-A" fundraising round. The funding came from Longling Capital, Protocol Labs, Mask Network, Crust network, Infinity Labs, Assembly Partners, and Incuba Alpha. The startup said it is developing an "open-source decentralized Web3 publishing platform" which it says is a "blockchain media experiment".