Mon.Feb 08, 2021

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Framework Benchmarks Round 20

TechEmpower

Today we announce the results of the twentieth official round of the TechEmpower Framework Benchmarks project. Now in its eighth year, this project measures the high-water mark performance of server side web application frameworks and platforms using predominantly community-contributed test implementations. The project has processed more than 5,200 pull requests from contributors.

Framework 280
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LeaseLock Raises $52 Million in Bid to Eliminate Security Deposits

L.A. Business Journal

Insurance technology startup LeaseLock Inc. has ambitious plans to make security deposits irrelevant, and the Marina del Rey-based business now has significantly more funding to make that happen.

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Seed Health Acquires Auggi

socalTECH

Los Angeles-based Seed Health, which is focused on microbial sciences, says it has acquired Auggi, a digital health company which develops artificial intelligence and machine learning software to track and analyze digestive health. Financial details of the acquisition were not announced. According to Seed Health, Auggi has the world's largest stool image database, and has developed algorithms for automated stool image detection and consistency characterization using computer vision and neural ne

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ServiceTitan Acquires Software Developer ServicePro

L.A. Business Journal

ServiceTitan Inc., the Glendale-based developer of management software for the home services industry, announced Feb. 2 that it had acquired Service Pro.Net Inc.

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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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5 Reasons To Enlist Outside Advisors For Your Startup

Startup Professionals Musings

In my experience as an angel investor for new startups, I’m always surprised by how many entrepreneurs are looking for funding without outside advisors. An experienced Board can give them credibility, as well as advice on the many pitfalls of starting a new company. Especially if you are a first-time business owner, the payback for this initiative is well worth the effort and cost.

Startup 142
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BloomNation Adds Pizza, Liquor Delivery Businesses

L.A. Business Journal

With the pandemic accelerating ecommerce sales nationwide, the founders of online flower marketplace BloomNation are broadening their business.

Sales 162

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WeWillDecide Launches Politics Website

socalTECH

A new, San Diego-based startup, We Will Decide, says it has launched a new website to help provide information on American politics, including information on Congressional vote tallies, Executive Orders, and other information. The company said it plans to provide each user with a list of their Senators and Representatives, their current and past votes on bills, and votes in aggregate.

San Diego 113
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Illumina Accelerator Makes Investments In Nine Startups

socalTECH

San Diego-based life sciences equipment giant Illumina said today that it has made investments in nine new genomics companies, as part of the company's startup accelerator, the Illumina Accelerator. The company said it made investments in four companies for its effort in the UK, and five companies at its accelerator in the Bay Area. Illumina said the startups receiving investments in the UK included BiotaX Labs LTD, Broken String Biosciences Limited, Mitra Bio Limited, and MultiplAI Health LTD.

Invest 113
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Montgomery Summit Announces Virtual Lineup

socalTECH

The Montgomery Summit, the investment, business, and technology conference run by Jamie Montgomery, and being run now by March Capital, announced its keynote speakers and presenting companies on Friday, saying it will be running virtually this year--and, for the first time, will be free. The event, which is in its 18th year, typically has been a popular gathering for investors and startups from the technology industry as a whole, including the most promising Southern California startups, and was

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Fifth Wall Raises $300M In SPAC IPO

socalTECH

Los Angeles-based property technology investor Fifth Wall has raised $300M in a Special Purpose Acquisition Company (SPAC) last week, Fifth Wall Acquisition I. Fifth Wall's SPAC offering was run by Goldman Sachs & Co and Deutsche Bank Securities. Fifth Wall Acquisition I said it had not yet selected any business combination target for the SPAC. The SPAC is Fifth Wall's first; the firm has been a very active investor in the region in technology companies.

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Jurny Reports Record Growth, Despite Pandemic

socalTECH

Los Angeles-based hospitality technology startup Jurny--which is backed by Okapi Venture Capital and Mucker Capital--says it has seen record growth, despite the pandemic and the way it has impacted the hospitality industry. According to the startup, it saw 400% year-over-year growth in 2020, spurred by interest in its contactless check-in and entry technology.