socalTECH
JANUARY 28, 2019
For all of the positive uses of drone aircraft, there are many negatives, including issues around privacy, safety, and particularly, securityas demonstrated by the recent drone incursions at such airports like Gatwick, Heathrow, and Newark. Those airport drone incursions shut down Gatwick over the course of three days, which caused major delays at Heathrow and Newark.
TechCrunch LA
JANUARY 28, 2019
Los Angeles is partnering with on-demand shuttle-based service Via as part of a pilot program that will give people rides to three busy public transit stations. The pilot program, which launched Monday, aims to solve the first- and last-mile problem that makes it challenging for people to get to and from public transit stations. Under the pilot program, Via will provide on-demand rides to and from the Compton, El Monte and North Hollywood stations.
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socalTECH
JANUARY 28, 2019
Los Angeles-based Century Park Capital Partners , a private equity investor focused on family businesses, owner-operated companies and corporate divestitures, said on Monday afternoon that it has completed a majority recapitalization of Florida-based software and IT services company MCCi. Financial details of the deal were not announced. MCCi provides its IT services, system design, implementation, managed services, and support services the state & local government, education, law enforcemen
TechCrunch LA
JANUARY 28, 2019
Recharge , the business which got its start pitching pay-as-you-go rentals of unused hotel rooms, is adding private homes to its inventory of spaces — offering the first 100 signups in cities where the plan is available a guaranteed income of $1,000 per month. “To celebrate the launch and continue to expand our community early Recharge hosts thate approved to be part of the Recharge 100 of each city will receive a guaranteed $1000/month,” said a spokesperson for the company. &#
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socalTECH
JANUARY 28, 2019
The Los Angeles Metropolitcan Transportation Authority (LA Metro) announced a new program Monday, which is aimed to solve the "last mile" problem of connecting people to public transit. According to the LA Metro, it has inked a deal with ridesharing service ia , which will give riders a way to get to three Metro stations--Artesia, El Monte, and North Hollywood--through Via's app.
SoCal Tech Calendar
JANUARY 28, 2019
Wednesday, January 30, 2019 -- Upfront Summit. Invite only. The annual Upfront Summit hosts more than 1,000 top investors, entrepreneurs, and leaders for an invitation-only event in Los Angeles. Forget what you think you know about tech conferences - with two days of compelling content, conversation, and connection, our Summit showcases the best of technology, innovation, and creativity, from established global brands to bleeding edge disruptors.
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
SoCal Tech Calendar
JANUARY 28, 2019
Tuesday, January 29, 2019 -- Upfront Summit. Invite only. The annual Upfront Summit hosts more than 1,000 top investors, entrepreneurs, and leaders for an invitation-only event in Los Angeles. Forget what you think you know about tech conferences - with two days of compelling content, conversation, and connection, our Summit showcases the best of technology, innovation, and creativity, from established global brands to bleeding edge disruptors.
socalTECH
JANUARY 28, 2019
Ventura-based Apollo Robotics , a startup developing autonomous drone surveying software, announced this morning that it has named Avi Reichental as its Executive Chairman. Reichental is the founder and CEO of XponentialWorks, which says it makes investments, provides corporate advisory and product development to artificial intelligence, digital manufacturing, 3D printing, robotics, and other companies.
Xconomy
JANUARY 28, 2019
Abide Therapeutics, which is developing medicines to treat neurological diseases, has appointed Kevin Finney as its president and chief operating officer, a new role for the company. The company, which has about 40 employees, is co-located in San Diego, where the majority of its workers are based, and Princeton, NJ. Abide’s drug candidates, small-molecule inhibitors, are targeting an enzyme, monoacylglycerol lipase (MGLL), which affects how neurons communicate.
socalTECH
JANUARY 28, 2019
Irvine-based medical device manufacturer Masimo reports this mornign that it has received FDA clearance on a new device, on its MightySat Rx spot-check fingerprint pulse oximeter. According to Masimo, the clearance covers respiration rate (RRp), oxygen saturation (SpO2), pulse rate (PR), perfusion index (Pi), and Pleth Variability Index (PVi) measurements of its pulse oximeter.
Xconomy
JANUARY 28, 2019
By nearly every measure, 2018 was a banner year for the venture capital industry, particularly in the healthcare technology sector. Over $130 billion of venture capital was invested across all sectors in the U.S. , easily eclipsing the prior high-water mark in 2000 and nearly 4.8 times what was invested a decade ago. While certain sectors may now be demonstrating bubble-like tendencies, the data also reflect the activity of SoftBank’s ~$100 billion Vision Fund and other late start cross-over inv
socalTECH
JANUARY 28, 2019
Calabasas-based IT and professional servies provider ASGN Incorporated announced this morning that it has acquired DHA Group Inc. , a provider of mobility, cybersecurity, cloud, and IT services to the Federal Bureau of Investigation (FBI) and other federal customers. According to ASGN, it paid $46M in cash for DHA Group, which will part of its ECS Segment.
Xconomy
JANUARY 28, 2019
Venture capital firms invest in potentially disruptive technologies with the hope of profit, then keep watch for further advances that could overtake their existing portfolio companies. All this is done while they guide startups through other external challenges such as fundraising droughts and overall market downturns. Scott Beechuk, a partner at Norwest Venture Partners , is one of the tech industry observers invited by Xconomy to look back at the technology developments of 2018, and also fore
socalTECH
JANUARY 28, 2019
Santa Monica-based private equity investor Clearlake Capital and its portfolio company, Perforce Software , have acquired embedded software development tools provider Rogue Wave Software , the firms said last week. Financial terms of the buy were not announced. Perforce is a developer of source code control and other tools used by software developers.
Startup Professionals Musings
JANUARY 28, 2019
If you listen primarily to the popular press, you could easily be convinced that all successful startup businesses are built by one smart person, such as Mark Zuckerberg at Facebook, or Jeff Bezos at Amazon. In reality, it takes a collaboration of many good people to build and run a business, even though the original idea probably did come from that innovative entrepreneur.
socalTECH
JANUARY 28, 2019
Los Angeles-based HeyTutor , which operates an online marketplace to help connect students with in-home, tutoring services, has raised approximately $1.0M in what looks like a convertible note funding, based on a regulatory filing by the company. Details on the funding round, which is likely a bridge into a full equity funding, have not been announced.
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