TechCrunch LA
MARCH 7, 2018
The Fabric, an early-stage investment company developing new infrastructure technologies, has raised $15 million for its third investment vehicle. Announced at the Montgomery Summit in Santa Monica, Calif., the new financing came from Verizon Ventures (the investment arm of TechCrunch’s parent company’s parent company) and March Capital Partners a Los Angeles-based venture capital firm.
socalTECH
MARCH 7, 2018
Venice, California-based Amplify LA , the startup investor which got its start as one of LA's first startup accelerators, said this week that it has added two new companies-- Kulagy and Tapcart --as part of its portfolio of companies. Financial details of any investment in the two startups were not announced. Kulagy helps connect physical therapists with patients, and bills itself as the "world's first mobile physical therapy clinic".
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L.A. Business Journal
MARCH 7, 2018
Snap Inc. expected to announce layoffs; AeroVironment secures contract, narrows losses; and Ordermark raises $3.1 million.
socalTECH
MARCH 7, 2018
Walt Disney Studios and Accenture are in an effort to harness emerging technology in the area of entertainment, with a new effort they are calling Disney StudioLAB , the two said on Tuesday. According to the companies, StudioLAB will be dedicated to "reimagining, designing and prototyping" entertainment experiences and production capabilities, using cutting-edge, innovative technologies.
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SoCal Tech Calendar
MARCH 7, 2018
Tuesday, March 13, 2018 -- LA Female Founder Office Hours. This is the first in a series of Female Founder Office Hours, staffed by female partners from a collective of VC firms. For our first event, we'll be focused on helping seed-stage female founders with their pitches. We'll be offering forty 1:1 office hour slots with 10 female VC partners from Benchmark, Canaan, Cowboy, Forerunner, Freestyle, Lux, Sequoia, and Reach.
socalTECH
MARCH 7, 2018
Pasadena, California- and Oxford, UK-based Rockley Photonics , a new startup focused on integrated optics for high-density digital systems, has raised $40M in a funding round, the company said on Wednesday morning. The company says it has now raised a total of $100M. The newest round goes to expand the design and production of its high performance optical networking solutions, according to the firm.
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
socalTECH
MARCH 7, 2018
Santa Monica-based Camera IQ , which is developing technology focused on the "camera experience", says it has raised $4.3M in a seed funding round. The funding came from Betaworks, Homebrew and WndrCo, Shasta Ventures, Presence Capital, Brilliant Ventures, Greycroft Tracker Fund, Silicon Valley Bank, Act One and Noname Ventures. According to Camera IQ, its technology integrates OS platforms, AR toolkits and native apps into a "single fabric" for brands.
socalTECH
MARCH 7, 2018
Los Angeles-based subscription airline Surf Air is extending its service into Orange County, with a new partnership with helicopter charter firm BLADE , the company said on Wednesday. According to Surf Air, the partnership will connect customers in Orange County via an ultra-short helicopter flight from John Wayne airport, to Hawthorne, with flights running Monday, Thursday, and Friday.
socalTECH
MARCH 7, 2018
Los Angeles-based Bridg , the venture backed developer of marketing software focused on point-of-sale data and precision marketing, has named Erik Brue as the company's new Chief Data Officer, according to the company. Bridg said Brue was most recently Vice President Straegy, Business, and Emerging Data at Experian, and has more than 10 years of experience in the area.
socalTECH
MARCH 7, 2018
Monrovia-based unmanned aircraft systems developer AeroVironment reports that it has received a big, $44.5M contract for its Puma II AE platform, with an un-nnamed, major country in the Middle East. According to Aerovironment, the deal is the largest-ever international contract for the company. Aerovironment's Puma AE is being used for both ground and maritime operations, according to the company.
socalTECH
MARCH 7, 2018
Santa Monica-based healthcare messaging and communications app developer TigerText has renamed itself as TigerConnect , in a big rebranding name which moves the company away from "text" and more towards the company's larger set of solutions for the healthcare industry. According to TigerText, the change to TigerConnect will be phased in throughout 2018, and will feature a newly designed brand identity, and will help it "clearly articulate the true value" of its solutions.
socalTECH
MARCH 7, 2018
In an interesting sponsorship move, dating app developer Bumble and the L.A. Clippers basketball team said that the two are in a partnership deal, which will feature Bumble's logo on the Clippers uniform. Bumble--a female-centric dating and social networking app, where women make the first move and control who they interact with on the platform--said the move is part of a campaign to partner with companies that "pledge to advance workplace equality".
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