Thu.Oct 03, 2019

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Anduril Launches Anti-Drone Weapon, The Interceptor

socalTECH

Irvine-based Anduril , a new startup co-founded by controversial Oculus founder Palmer Luckey, announced on Thursday that it has launched a new, drone weapon--called the Interceptor--which is designed to "detect and interdict" unmanned aircraft or autonomous drone systems. The company revealed its technology, which uses another, unmanned aerial vehicle (UAV) to ram and take down either rotary or fixed wing threats.

Design 149
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Are your projections really realizable?

Berkonomics

Here’s one for the ages. How many times have you projected income and profits only to fall short, and make excuses to those depending upon you to perform? We know the answer of course. Lots of people do or will depend upon your leadership in driving growth, stability, and profitability. There will always be times when salespersons or associates provide you with projections for future sales that reflect their inherent optimism.

Sales 120
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HyperX Launches It Own Athletic Clothing Line

socalTECH

Fountain Valley-based HyperX , the gaming accessory maker which is a division of Kingston Technology, has launched its very own athletic clothing line, in a partnership with Champion Altheticwear. According to HyperX, the new "gaming inspired" clothing collection will include t-shirts, hoodies, and crewneck sweatshirts. The company said the "limited edition capsule collection" will provide gamers with "a stylish way to display their passion".

Mobile 127
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Rick Fox Sues Echo Fox Business Partners

L.A. Business Journal

Rick Fox, owner of Beverly Hills-based esports organization Echo Fox, sued several of his business partners for fraud and mismanagement of company funds.

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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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GoGuardian Expands Into New Offices

socalTECH

El Segundo-based GoGuardian , which develops software for the education market, has expanded into new offices in El Segundo, at the former Raytheon site. According to GoGuardian, the new office is in Raytheon's building R23, an industrial warehouse that previously had held engineering design and prototyping for Raytheon. GoGuardian said the new, 30,000 square foot office space includes such features as open seating, white noise speakers, and a community art wall.

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Bird Raises $275 Million Series D

L.A. Business Journal

Electric scooter operator Bird secured $275 million in Series D funding led by CDPQ and Sequoia Capital.

Capital 113

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After Brain Cancer Drug Fails, Tocagen to Cut More Than Half of Staff

Xconomy

Following the late-stage failure of its lead program, an experimental gene therapy treatment for the most aggressive form of brain cancer, Tocagen will reduce its workforce by 65 percent, the company said Thursday. The layoffs will result in a staff of about 30 people by year’s end, Tocagen (NASDAQ: TOCA ) said in the press release. CEO Marty Duvall said the company, with its remaining cash, will prioritize the completion of an analysis of the results from the trial, called Toca 5, and a present

Layoffs 77
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LegalZoom Settles Suit With LegalForce

socalTECH

Los Angeles-based legal filings and services site LegalZoom has settled a trademark and antitrust suit filed against the company by competitor LegalForce RAPC Worldwide , the operator of a trademark and patent filing service, Trademarkia.com , according to a legal filing from the two companies this week, according to reports. Financial details of the settlement were not announced.

Legalzoom 113
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Two Bit Circus Foundation Launches STEAM Benefit Event

socalTECH

The Two Bit Circus Foundation , the nonprofit arm of micro-amusement park operator Two Bit Circus , says it has launched a new effort to raise funding for Science, Technology, Engineering, Art, and Math (STEAM) programs to youth, called the Anti-Gala. The new event, which is being sponsored by Vans, will be held at the Two Bit Circus "micro-amusement park" in downtown Los Angeles on October 14th.

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Bird Finds $275M More In New Funding

socalTECH

Santa Monica-based scooter startup Bird has gone back to the well once more, and has raised a big, $275M Series D funding round, the company said on Thursday. Bird said the round was led by CDPQ and Sequoia Capital, and gives the company a $2.5 billion pre-money valuation. Bird--which offers a smartphone-driven, on-demand scooter service which is now ubiquitous among U.S. and other cities--has been fighting a market share battle with a long list of competitors, including Lime, Uber, Lyft, Wheels

Funding 100
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Soylent's Brilliant New Marketing Campaign: Soylent Is Plants, Not People

socalTECH

For years, Los Angeles-based Soylent (www.soylent.com)--which makes all-in-one meal replacement drinks, bars, and other productsdanced around the origins of the name, which is tied to a dystopian 1973 science fiction film, Soylent Green , featuring Charlton Heston. Last week, the company finally embraced the dystopian origins of the name with a brilliant, tongue-in-cheek marketing campaign introducing its new Soylent Green Mint Chocolate line complete with a spoof animation of the famous last

Marketing 100