Wed.Mar 20, 2019

Postmates’ newest feature is like Uber POOL for food delivery

TechCrunch LA

Postmates is launching a new feature called Postmates Party that lets customers within the same neighborhood pool their orders. In return, these customers get the food delivered for free, eliminating a major pinch point for potential Postmates users. The feature illustrates how Postmates, one of the earlier entrants to the billion-dollar food delivery wars , is trying to remain competitive by appealing to price-sensitive customers.

Report: Faraday Future Sells HQ To Keep Afloat

socalTECH

Los Angeles-based electric car maker Faraday Future , in a bid to stay afloat, has sold off its headquarters to a real estate investor, according to a report on Wednesday. The report says Faraday Future is leasing back the headquarters, which it sold to real estate investor Atlas Capital, for around $10M. Faraday Future has been facing financial issues due to a dispute with its lead investor, which has resulted in layoffs at the company, numerous lawsuits from vendors, and executive departures.

Women's Founder LA. THE ROAD TO FUNDING

SoCal Tech Calendar

Tuesday, March 26, 2019 --.

Snapchat's Age Verification Under Fire In The UK

socalTECH

Venice, California-based Snapchat , the social networking service that is part of Snap, Inc., is under fire in the UK, after the company admitted that its age-verification system "doesn't work" to UK lawmakers. The company--which basically lets anyone join the service by putting in a birthday that would indicate you are older than 13--said it is working on a "new age-verification system" with the UK's Home Office.

San Diego Fundingpost VC and Angel Investor Conference

SoCal Tech Calendar

Tuesday, March 26, 2019 -- San Diego Fundingpost VC and Angel Investor Conference. Interested in meeting and pitching to early-stage Angel Investors and Venture Capitalists in Southern California? Register for the FundingPost event on Tuesday, March 26th, 2019. FundingPost has hosted 400 sold-out venture events in 22 cities over the past 18 years.

PeerStreet Launches New Loan Product

socalTECH

Los Angeles-based online real estate investment marketplace PeerStreet --which is backed by Andreessen Horowitz--is expanding the scope of its marketplace with a new loan product, which will offer up loans for purchases of residential rental properties. According to the company, its new Residential for Rent loans have a 30-year term, and are intended to provide long-term financing for residential rental properties.

More Trending

Veritone's AI Software Linked Into Government Marketplace

socalTECH

Costa Mesa-based artificial intelligence software developer Veritone announced this morning that the company's aiWARE Government platform is now available to federal agencies, through the federal FedRAMP marketplace. According to Veritone, it was added to the marketplace through the sponsorship of the Department of Justice (DOJ).

Corza Health Emerges Led by Former NuVasive, GreatCall Executives

Xconomy

A Chicago-based private equity firm has tapped the former head of NuVasive and finance chief of GreatCall to start a new healthcare company in San Diego. The company, Corza Health, is headed by Greg Lucier, most recently CEO at NuVasive, and backed by the PE firm, GTCR, with money from its $5.25

Sense.Chat Debuts Blockchain Powered, Secure Video Messaging App

socalTECH

A new, Santa Monica-based startup, Sense.Chat said on Tuesday that it has launched a new, secure video messaging app, which uses blockchain and cryptography to allow users to maintain privacy in their video communications. According to Sense.Chat, it has launched iOS and Android apps, which lets user communicate with others using cryptography combined with the EOS Blockchain, and which also supports sharing of cryptocurrencies through its own digital wallet.

Loop Now Launches Short Form, Social Media App, Firework

socalTECH

Loop Now Technologies , a startup founded by former LinkedIn and Snapchat employees--which has offices in Los Angeles--says it has launched a brand new, short-form video and social media app called Firework. According to the startup, its "social mobile content app" allows creators to share premium content, and also provides new, original streaming content from "emerging talent", which it calls "Fireworks Originals".

Boost.ai, Backed By $5M, Opens HQ In Santa Monica

socalTECH

Boost.ai , a European startup which is developing conversational artificial intelligence (AI) software for banks, financial institutions, and other enterprises, said this morning that it has set up shop in Santa Monica, setting up its North American headquarters here as it expands to the US. The Norwegian company said it received $5M in a strategic investment to help with that global expansion.