L.A. Business Journal
JUNE 20, 2017
A Chinese tech company announced Tuesday that it would invest more than $179 million to increase its stake in online electronics retailer Newegg Inc. to almost 94 percent from 55.7 percent, according to Bloomberg.
socalTECH
JUNE 20, 2017
Hermosa Beach-based FinalPrice has raised $4M in funding for a new travel startup, which offers up membership-based travel booking for flights, hotels, and car rentals. The funding came from Sistema VC and Almaz Capital. As part of the funding Pavel Bogdanov of Almaz joins the company' s board. FinalPrice was founded by Peter Kutis, who previously founded Russian travel sites Onetwotrip and AnyDayAnyWay.
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L.A. Business Journal
JUNE 20, 2017
E-sports is finding a home in downtown. Anschutz Entertainment Group announced an investment in e-sports franchise Immortals that makes it a team owner and home-venue operator for the team.
socalTECH
JUNE 20, 2017
Los Angeles-based RentSpree , a startup which helps renters search for, view, apply, and sign documents for renting an apartment, has inked a partnership with the California Regional Multiple Listing Service (CRMLS), the company told its supporters on Tuesday. Financial details on the partnership were not announced. RentSpree said the deal means its service will be available for use by all of CRMLS's members by the end of this month, and that it will help it grow its user base.
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L.A. Business Journal
JUNE 20, 2017
Hyperloop Transportation Technologies has announced new partnerships with South Korean entities as it moves forward on its plans to implement its patented technologies in South Korea.
socalTECH
JUNE 20, 2017
Torrance Memorial Medical Center said this morning that it has had an email security incident, which has allowed access to two email accounts containing sensitive personal information including names, dates of birth, address information, telephone numbers, medical record numbers, Social Security numbers, health insurance information, and other clinical/diagnostic information for patients.
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
socalTECH
JUNE 20, 2017
Oceanside-based Carbon by Design , a manufacturer of composite components for UAVs, spacecraft, and rockets, has been acquired by Florida-based HEICO Corporation. Financial details of the acquisition were not disclosed. Carbon by Design was founded by Dominick Consalvi in 2003. According to HEICO, it expects to keep Carbon by Design's 75 team members and entire management team with the acquisition.
SoCal Tech Calendar
JUNE 20, 2017
Monday, June 26, 2017 -- Expert Dojo Investor Festival. Q2 Investor Festival Where Startups Meet Investors. You have been working hard building the foundation for a great business. Now its time to meet strategic investors who can provide you the investment you need to grow to the next level. Without a doubt we have over 80 of the highest caliber investors attending and can cater for seed, series A and series B funding.
socalTECH
JUNE 20, 2017
Los Angeles-based esports team, Immortals has received an investment from AEG , which said that the Immortals will host its home events at L.A. LIVE. The size of the strategic investment was not announced. According to AEG, the investment will help it further expand its footprint in esports. AEG joins an ownership group led by Clinton Foy of Crosscut Ventures, and which also includes Lionsgate, Lionsgate's Peter Levin; Michael Milken; Memphis Grizzlies co-owner Steve Kaplan; Gregory Milken of Ma
SoCal Tech Calendar
JUNE 20, 2017
Monday, June 26, 2017 -- SoCalBio Innovation Catalyst Program Meeting at Caltech. To attract investors and partners, your startup needs a great presentation. One of the best ways to do this is by (a) watching other startups give their pitches and (b) listening to feedback from experts.
socalTECH
JUNE 20, 2017
Los Angeles-based KEYPR announced Tuesday morning that it has raised $12.8M in its Series A1 financing round, which was led by Karlani Capital, and also included Simon Turner (former Starwood Hotels & Resorts President of Global Development) and Richard Haddrill (former CEO of Bally Technologies). The new funding brings its total raised to $19.0M.
SoCal Tech Calendar
JUNE 20, 2017
Monday, June 26, 2017 -- UC Irvine Summer Academies in the Arts. Summer Academies in the Arts are college and career preparatory intensives in Art, Dance, Drama, Music, and Technology aimed to enhance 21st century skills, support college and career goals, and build self-confidence and leadership.
Xconomy
JUNE 20, 2017
Lior Div just raised a $100 million funding round for his security-tech company, Cybereason. A daunting task, to be sure. “It’s very hard to raise money,” says Div, the company’s CEO and co-founder. “I see it all the time with colleagues of mine, founders. But if you really have a good, unique solution that’s proven, I believe people are more willing to put the money there.
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