Tue.Jun 04, 2019

Silicon Beach Report June 4: Crackle Venture Selects Leadership Team

L.A. Business Journal

Sony, CSS Entertainment executives to lead Crackle Plus; Bird branches out; Tencent to distribute Activison’s “Call of Duty” mobile game

Carbon Lighthouse Collects $32.6M For Energy Efficiency Efforts

socalTECH

Carbon Lighthouse , a provider of energy efficiency services and developer of energy efficiency technology which recently opened up a Los Angeles office, has raised $32.6M in a funding, the company said on Tuesday. According to Carbon Lighthouse, $20M of that funding came from Cox Enterprises. Carbon Lighthouse says that it helps commercial building owners significantly reduce their energy costs and environmental footprint with no upfront cost.

3 Lesser-Known Ways Enterprise Can Improve Network Uptime

Southern California Edison Blog

As enterprises outsource more of the business operations to hosted platforms, more emphasis needs to be placed on ensuring mission-critical applications are always accessible. This means that the network connections to enterprise sites increase in their importance.

Moleaer Finds $5M For Wastewater Treatment, Industrial Nanobubble Technology

socalTECH

Los Angeles-based Moleaer , a developer of equipment used in watewater treatment, farming, oil and mining, and other industrial processes, has raised $5M in a funding round, according to the company. The company develops industrial-scale nanobubble generators, which are used to dissolve gases into any liquid.

Apple Touts New Privacy Moves as Antitrust Probes Loom for Big Tech

Xconomy

Both the House leadership and the Trump administration are preparing to challenge the power of Google, Facebook, and other big tech companies by launching antitrust investigations into their allegedly anticompetitive business practices, as the Washington Post detailed it this week.

Inhibrx Files For IPO

socalTECH

La Jolla-based biopharmaceuticals startup Inhibrx has just filed for an IPO, saying in an S-1 filing that it is looking to raise up to $74.75M in an IPO on the Nasdaq Global Market. Inhibrx has applied to trade as INBX. The IPO is being underwritten by Evercore ISI, Barclays, Nomura, and Raymond James. Inhibrx is backed by LAV Biosciences Fund and Viking Global Investors.

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Carbon Lighthouse Collects $20M For Energy Efficiency Efforts

socalTECH

Carbon Lighthouse , a provider of energy efficiency services and developer of energy efficiency technology which recently opened up a Los Angeles office, has raised $20M in a funding, the company said on Tuesday. According to Carbon Lighthouse, it received the round of funding from Cox Enterprises. Carbon Lighthouse says that it helps commercial building owners significantly reduce their energy costs and environmental footprint with no upfront cost.

Cypress Creek Renewables Names New CEO, Executive Team

socalTECH

Cypress Creek Renewables , a renewable energy developer which builds and operates solar facilities--and which has an office in Santa Monica--said it has named a new CEO and executive team on Monday. The company said it named Sarah Slusser as Chief Executive Officer and director of its board, Rebecca (Becky) Cranna as interim chief operating officer and Kim Oster as interim chief strategy officer. the company also named Ned Hall as Chairman of the board.

AcceleratXR Launches Networking Engine For Video Game Market

socalTECH

Los Angeles-based AcceleratXR announced on Monday that it has launched itself into the videogaming software development tools market, with a new, real-time networking engine.b According to AcceleratXR, it has created a new, real-time networking engine for games and extended reality applications.

Petco Names Digital, E-Commerce Head

socalTECH

San Diego-based pet supply retailer Petco has named Darren MacDonald as the company's new Chief Digital and Innovation Officer, according to the company, to head up its e-commerce, app, prescription fulfillment, as well as employer wellness benefits offerings.

Glad I Know Searches People Search Service

socalTECH

Manhattan Beach-based Glad I Know said this morning that it has launched a new, person search platform, which provides consumers with access to what it says is a comprehensive database of information available on any person in the U.S. According to Glad I Know, it offers up access to hundreds of millions of records on nearly any adult in the United States. The new company was founded by founder and CEO Jeff Briggs. The company offers up its information for $9.99

FTD Files Chapter 11: Long, Complex Path Through SoCal's Tech Industry

socalTECH

In long, complicated path that wound through Southern California's high tech industry, flower delivery network operator FTD has filed for Chapter 11 bankruptcy. FTD also agreed to sell both its North American and Latin American businesses to private equity investor Nexus Capital Management , in a move that includes San Diego-based Proflowers.

AirMap Adds Former FCC Chair Tom Wheeler To Board

socalTECH

Santa Monica-based AirMap , the startup developing aerial traffic mapping and UV management platforms, has added former Federal Communications Commission (FCC) Chairman Tom Wheeler to its board of directors, the company announced on Monday. Wheeler led the FCC from 2013 to 2017, after being appointed FCC CHairman by President Barack Obama.

Angeles Equity Partners Buys APCT

socalTECH

Los Angeles-based private equity investor Angeles Equity Partners announced this morning that it has acquired printed circuit board (PCB) manufacturer APCT, Inc. Financial details of the acquisition were not announced by the companies. APCT is a manufacturer of quick-turn printed circuit board (PCB) prototypes.

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Bird Launches New Electric Bike, The Bird Cruiser

socalTECH

It's a bird, it's a plane. no, it's an electric bike. Santa Monica-based Bird said on Tuesday that it is introducing a new product, the Bird Cruiser , an electric bicycle with a "cushioned seat for two". According to Bird, the new electric vehicle has 20-inch wheels and a full suspension, and will join the company's fleet of shared vehicles this summer. Bird did not say exactly when it will roll out the new electric vehicle, which comes on top of the company's existing scooters.