L.A. Business Journal
OCTOBER 10, 2018
South Korean broadcast company OGN is constructing a 3,500-square-foot e-sports arena in Manhattan Beach, and selected game developer PlayerUnknown Battlegrounds Co. Ltd. (better known as PubG Co.) as its first league partner.
TechCrunch LA
OCTOBER 10, 2018
On October 18 — just one week away — some of the most brilliant and innovative minds in reality creation will gather at UCLA’s Royce Hall in Los Angeles to attend TC Sessions AR/VR 2018. Whether you’re an early startup founder, an investor, a developer or a student, if you’re focused on AR/VR, you don’t want to miss this day-long intensive event that goes deep into the current and future state of augmented and virtual realities.
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socalTECH
OCTOBER 10, 2018
A new report, from Los Angeles startup investor Amplify LA , says that Los Angeles seed investment deals in Q3 were for the most part steady, with a total of $59.4M raised across 27 Los Angeles startups. The group says its tracking found that the average seed round size was $2.2M for the quarter. Amplify LA said it found that software-as-a-service (SaaS) was the most funded sector, with a decline in investments in such areas as e-commerce and mobile technology.
L.A. Business Journal
OCTOBER 10, 2018
The stock price for Snap Inc. hit a new low — falling 6.4 percent to $7 a share – after a report described the Santa Monica social media company as “quickly running out of money.
Advertiser: Aggregage
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.
socalTECH
OCTOBER 10, 2018
Los Angeles-based XPRIZE , a nonprofit which runs a series of prizes to encourage the development of technology to solve difficult world problems, says that it has selected a field testing location for its $7M Shell Ocean Discovery XPRIZE. According to the nonprofit, the deep sea off Kalamat, Greece, has been selected as the location for finalists teams to map, as part of the "Grand Prize" of the competition.
L.A. Business Journal
OCTOBER 10, 2018
Quibi to produce short-form video; Snap pushes for original content amid funding crisis; Insomniac launches new virtual reality game
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
Startup Professionals Musings
OCTOBER 10, 2018
One of the most frequent questions I get as a mentor to entrepreneurs is “How do I find the money to start my business?” I always answer that there isn’t any magic, and contrary to the popular myth, nobody is waiting in the wings to throw money at you, just because you have a new and exciting business idea. On the other hand, there are many additional creative options available for starting a business that you might not find for buying a car, home, or other major consumer item.
socalTECH
OCTOBER 10, 2018
An influencer marketing firm, based in Los Angeles, has tallied up the valuation of companies in "Silicon Beach", and say they're worth $155 billion. Influencer marketing firm MediaKix said it scoured online news searches, top lists, venture capital portfolio sites, and other sources for its report. The company also showed off a "Silicon Beach Map" highlighting some of those firms.
Xconomy
OCTOBER 10, 2018
Ligand Pharmaceuticals said Wednesday that its acquisition of U.K.-based biotech Vernalis has closed. The $42.3 million deal netted the San Diego company eight partner programs and a 70-person R&D team in Cambridge, England, plus about $32 million in cash after deal costs. Ligand (NASDAQ: LGND ) CEO John Higgins, in a prepared statement, said the acquisition added more “shots on goal” to the company’s portfolio.
socalTECH
OCTOBER 10, 2018
Glendale-based The Perfect Bite , a manufacturer of frozen food, has received funding from New Water Capital, the companies disclosed this week. Financial details of that investment were not announced. READ MORE>>.
Xconomy
OCTOBER 10, 2018
San Francisco-based Anaplan , one of five companies planning to close initial public offerings this week, raised the expected price range for its shares in an SEC filing Wednesday, signaling an IPO that could be richer than it had anticipated. Enterprise planning software company Anaplan, which is privately valued at more than $1.4 billion, had originally proposed selling 15.5 million shares of common stock at a range of $13 to $15 per share.
socalTECH
OCTOBER 10, 2018
Irvine-based cybersecurity tools developer Cylance said this morning that it has linked with privilege access management (PAM) tools provider Thycotic. The two said that CylancePROTECT is now compatible with Thycotic Privilege Manager. The companies said the link will help organizations prevent malware from exploting endpoints. Cylance's cybersecurity tools use artificial intelligence (AI) to stop applications from executing on endpoints.
socalTECH
OCTOBER 10, 2018
Santa Monica-based Snap announced a series of brand new, original content, called Snap Originals this morning, which includes content developed by established film and television writers, as well as others. The company said the original content includes a number of serialized shows, "docuseries", and other efforts. Snap said it is tapping such groups as Bunim/Murray Productions, The Duplass Brothers' DBP Donut, and Brad Weston's Makeready On Board for the initial lineup.
socalTECH
OCTOBER 10, 2018
Irvine-based voicemail software and services developer YouMail says its tracking of calls find that there was a record 4.4 billion robocalls made in September, which it says is up 83.9 percent over September one year ago. Youmail says the number of robocalls is the highest number of monthly robocalls recorded since it launched its YouMail Robocall index in 2015.
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