Thu.Jan 28, 2021

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USC, Amazon Plan Center for Machine Learning Research

L.A. Business Journal

USC is partnering with Amazon.com Inc. to create a research center focused on privacy and security issues related to machine learning and artificial intelligence.

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Don’t get hung up on early stage valuation.

Berkonomics

Here’s the “what.”. I can’t tell you how many times I’ve walked away from deals where the entrepreneur insists on a start-up pre-money valuation that is so high, no angel could expect to make a return upon the investment, even with a reasonable sales price for the company down the road. And here’s the “why.”. There is always another attractive deal at the ready, and most have reasonable expectations of valuation.

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Dave Lands $100 Million Credit Facility to Grow Banking App

L.A. Business Journal

Personal finance app developer Dave Inc. has secured a $100 million credit facility to expand its product offerings.

Product 246
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AuditBoard Snags Two Executives From Cisco

socalTECH

Los Angeles-based cloud-based software developer AuditBoard--which develops software for managing audit, risk, and compliance programs--says it has named two executives this morning. The company said it has named Tom Schmit as Chief Revenue Officer and Chris Doell as Chief Customer Officer. Schmit was previously Chief Revenue Officer at AppDynamics, a division of Cisco, where the company said he led a team of more than one thousand people, having taken that division from less than $50M in annual

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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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AppOnboard Raises $20 Million in Series C

L.A. Business Journal

Video game and app development platform AppOnboard has raised $20 million in Series C funding.

Platform 130
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Halo Technology Group Buys Skylane Optics

socalTECH

Irvine-based Halo Technology Group, a manufacturer of fiber optic transceivers and high speed cabling, said today that it has acquired Skylane Optics, a manufacturer of optical networking products. Financial terms of the buy were not announced. Skylane Optics has offices in Europe, Brazil, and the United States. Halo Technology said the acquisition will add new products, including CFP-DCO coherent products.

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Faraday Future Set To Go Public Through SPAC

socalTECH

Los Angeles-based electric vehicle developer Faraday Future is joining the rush to public markets through a Special Purpose Acquisition Company (SPAC), saying this morning that it plans to list on the NASDAQ through a merger with Property Solutions Acquisition Corp. The company said the planned merger with PSAC (which currently trades on the NASDAQ as PSAC) would provide it with an estimated $1 billion in gross proceeds.

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Top Advantages of Optical Wavelength Services

Southern California Edison Blog

Optical wavelength networks provide organizations with several capabilities that enable them to promote workplace productivity and stay competitive. In an ever-changing world, the flexibility of optical networks empower businesses to quickly adjust their setup to address speed, capacity, and uptime needs. Optical wavelength networks use light signals to transmit communications of any type of traffic, usually across optical fiber cables.