Wed.Jan 30, 2019

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With its Greenlots acquisition, Shell is moving from gas stations to charging stations

TechCrunch LA

In a bid to show that it’s getting ready for the electrification of American roads, Royal Dutch Shell is buying Greenlots , a Los Angeles-based developer of electric vehicle charging and energy management technologies. Shell, which is making the acquisition through its Shell New Energies US subsidiary, snatched the company from Energy Impact Partners, a cleantech-focused investment firm.

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USC And Unity Technologies Launch Online Game Design Course

socalTECH

The University of Southern California and 3D game development engine developer Unity Technologies are launching a brand new, online game design course , aimed at both students and "lifelong learners", to help them design and publish their own original games, the two announced on Tuesday. According to Unity Technologies and the USC School of Cinematic Arts, its self-paced, adaptive online course will teach students and prospective developers how to design and publish their original games.

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FabFitFun raises $80 million for its growing lifestyle brand

TechCrunch LA

Nine years after launching its online magazine, and three years after diversifying into the subscription box business , FabFitFun has raised $80 million in a growth round of funding led by Kleiner Perkins with participation from its previous investors Upfront Ventures and NEA. . The Los Angeles-based company has steadily expanded its retail and lifestyle empire through subscription boxes, video… and even an augmented reality app.

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Versant-Backed Kinestral Finds $100M More For Smart Glass

socalTECH

Kinestral , a developer of "smart" electronically controlled tinting glass, which is backed by San Diego's Versant Ventures, said on Wednesday that it has raised $100M in a Series D funding. The funding was ld by SK Holdings, and also included current investors 5AM Ventures, Alexandria Real Estate, Capricorn Investment Group and Versant Ventures. Kinestral, based in Haywards, California said the funding will go towards expanding manufacturing, sales, and installation of its smart-tinting glass.

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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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Digital Entertainment World 2019

SoCal Tech Calendar

Tuesday, February 5, 2019 -- Digital Entertainment World 2019. Described by Hollywood insiders, digital influencers and industry leaders throughout the world as a "must-attend" event, now in its 6th year Digital Entertainment World (DEW) is where you want to be if you are in the business of creating or monetizing digital entertainment content. DEW 2019 focuses on "The Power of Creativity and Influence" and will cover topics from OTT to Innovation to eSports to Millennials to Content Marketing to

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Zebit Eyes $100M Revenue Mark In 2019

socalTECH

San Diego-based Zebit , which is venture backed by Crosslink Capital, Wildcat Venture Partners, Leapfrog Ventures, Ulu Ventures, and Correlation Ventures, said on Wednesday that it expects to cross over $100M in revenues this year. The company--which helps consumers who live paycheck-to-paycheck purchase items--says it offers up zero percent financing, with no interest, no membership fees, and no credit scores necessary.

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YouTube Music Connects With Sonos

socalTECH

YouTube Music , the subscription music streaming service run by YouTube, said on Wednesday that it now is connected to Sonos , the Santa Barbara-based maker of whole-home audio systems and speakers, allowing YouTube Music subscribers to play their streams on all Sonos speakers. According to YouTube , the users of the Sonos app who have YouTube Music Premium or YouTube Premium subscriptions can play official songs, albums, playlists, and "artist radio" on those Sonos devices, all through the Sono

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Retailers Brace For Possible Economic Headwinds in 2019

Xconomy

Even as retailers struggle with a technology-disrupted business model and changing consumer desires, at least a generally positive overall economy and low unemployment rates seemed to keep shoppers’ wallets open. But a 2019 that started with stock market losses, a recently ended (but longest-ever) government shutdown, and other headwinds might now force consumers to pull back on spending.

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FabFitFun Finds $80M

socalTECH

Los Angeles-based FabFitFun , the subscription-based, lifestyle brand founded by Daniel and Michael Broukhim and Katie Rosen Kitchens, said on Wednesday morning that it has raised $80M in the company's Series A funding round. The round was led by Kleiner Perkins, and also included NEA and Upfront Ventures. The company--which said in September that it already has exceeded $200M in annual revenues --adds Kleiner Perkins' Mood Rowghani and Mary Meeker to the company's board as part of the funding r

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Acorns Adds $105M For Micro Investing Apps, Now Valued At $860M

socalTECH

Irvine-based Acorns , which offers up a micro-investment and savings app, has raised $105M in a Series E funding, which values the company at $860M, the company said this week. The funding came from Comcast Ventures, NBCUniversal, Bain Capital Ventures, BlackRock, Rise Fund, DST, and MSD Capital, among others. acorns is led by CEO Noah Kerner. Acorns' mobile apps include one which rounds up the purchases users make, and invests them in an index fund run by Acorns.

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SpaceX Shifts Fairing Catching Ship, Mr. Steven, To East Coast

socalTECH

Hawthorne-based SpaceX is shifting its rocket fairing-catching ship, Mr. Steven , to the East Coast, as it concludes the rapid pace of launches from Vandenberg Air Force Base for satellite constellation operator Iridium. According to SpaceX, it began moving Mr. Steven to the East Coast on Tuesday. The vessel was seen moving towards Mexico as it makes its way towards the Panama Canal on Tuesday afternoon.

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Everyday Energy and Omni Energy Install Solar Power For Affordablel Housing

socalTECH

Carlsbad-based companies Everyday Energy and Omni Energy , two companies which work together to provide solar power to multi-family housing units, are powering the installation of a photovoltaic solar power system for affordable housing provider EAH Housing READ MORE>>.

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EDF Renewables Wins 212MW Solar Install Deal In New York

socalTECH

San Diego-based renewable energy developer EDF Renewables North America reported Tuesday afternoon that it has been awarded a contract for a 212 megawatt (MWdc) project in New York State. According to the company, the 212 megawatt (MWdc) / 170 MWac Morris Ridge Solar Project is with the New York State Energy Research and Development Authority (NYSERDA), near the Town of Mount Morris.

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OpenGate Capital Acquires Sargent and Greenleaf

socalTECH

Los Angeles-based private equity investor OpenGate Capital has acquired Sargent and Greenleaf , a maker of a wide range of both electric and traditional mechanical locks, from Stanley Black & Decker. Financial details of the acquisition were not announced. According to OpenGate Capital, it expects the acquisition to be complete in Q1 of 2019. Sargent and Greenleaf (S&G) wa founded in 1857, and currently has 120 employees.

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