Thu.Aug 27, 2020

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LA gets a big SaaS exit as Fastly nabs the Culver City-based Signal Sciences for $775M

TechCrunch LA

Los Angeles was always more than a one-industry town, even when it comes to technology startups, as media and entertainment (and social networking) were always the big draws in Tinseltown. Now the city’s enterprise tech scene can claim a really big winner with Signal Sciences , the security monitoring and management company that is getting bought by Fastly , a provider of content delivery networking services, for $775 million. “Our team couldn’t be more excited about the opport

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What’s a “data room” and how do you use it?

Berkonomics

First, what’s a “deal book?”. Maybe you have not heard the term, “deal book.” That’s a comprehensive piece on a company for use by a buyer in determining fit. A “deal room” is a cloud-based or physical space dedicated to storing the massive amounts of data to be used in due diligence by a buyer, lender or by an investor. Your data room and its contents.

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Oblong Wins Big Box Retailer

socalTECH

Los Angeles-based Oblong , the developer of collaboration and remote meeting technology, reported a win with an an-named S&P 500 big box retailer this morning. According to the company, it was selected by that retailer for its corporate meeting spaces, to help with effective team collaboration at company headquarters while maintaining social distancing guidelines.

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Bird Offers Free Rides To Teachers

socalTECH

Los Angeles-based micro-mobility and scooter provider Bird said this morning that it will be offering up free rides to teachers to start off the school year, providing them with up to two, free, 30-minute rides per day until the end of September. According to Bird, the Free Rides for Teachers program is valid both in the US and Europe, and is part of a "thank you" to teachers facing an unusual year with academic challenges posed by COVID-19.

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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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Harbor Finds $5M For Disaster Preparedness App

socalTECH

Los Angeles-based Harbor , a startup that is gamifying disaster preparedness through an app, has raised $5M in a seed funding round, the company disclosed on Thursday. The funding came from 25madison. Harbor is led by CEO Dan Kessler, who previously served at LA's Headspace. Harbor says it plans to launch its product in October. Kessler was previously VP of Global Business Development, and most recently had been Entrepreneur-in-Residence at 25madison, which is based out of New York.

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Amazon Opening High Tech Grocery Store In Woodland Hills

socalTECH

Amazon is getting set to open up a brand new, high-tech grocery store-- Amazon Fresh --in Woodland Hills, the first in what the e-commerce giant hopes will be a new segment of the grocery industry. The store, roughly the same size as Whole Foods, will feature "Dash Carts", which will allow shoppers to check out without waiting in line, and also will include Echo Show smart displays, kiosks with Amazon's Alexa activated, and an entire are for picking up Amazon.com orders.

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Signal Sciences Acquired For $775M

socalTECH

Los Angeles-based Signal Sciences , a developer of web application security software, has been acquired for $775M by San Francisco-based Fastly , Fastly annoucned this morning. According to Fastly, the cash and stock deal will expand its security portfolio, and form the basis of a new, upcoming security offering called Secure@Edge. Fastly said that new produt will provide a web application and API protection solution.

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