Mon.Oct 11, 2021

Actor Trade Audition App Helps Actors Rehearse, Make Connections

L.A. Business Journal

As an actor with more than a decade of experience, Dylan Mooney was always in need of a scene partner

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7 Keys To Transforming A Dream Into Business Reality

Startup Professionals Musings

Successful entrepreneurs are usually hard-driving, and highly focused on some specific goals, like being the dominant player in a given domain, or the low-priced provider of their product.

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Orca Security Raises $550 Million

L.A. Business Journal

Cybersecurity company Orca Security Ltd. scored a massive payday

Audio Up Gets $12M For Podcasting Play

socalTECH

Los Angeles-based Audio Up, a podcasting and audio entertainment production studio, has raised $12M in funding, led by SiriusXM, according to SiriusXM Holdings. According to SiriusXM, the investment comes alongside a new creative programming and strategic agreement with Audio Up, where the company will develop new original scripted podcasts and audio entertianment concepts for the satellite radio company.

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.

Allied Universal Struggles to Fill ‘Thousands’ of Security Jobs

L.A. Business Journal

As the nation’s largest security firm, Orange County and Pennsylvania-based Allied Universal has long been a massive employer both in the L.A. area and globally

Crown Electrokinetics Buys IBM Smart Glass Patents

socalTECH

Los Angeles-based Crown Electrokinetics Corp., a company that is developing smart glass technology, said this morning that it has acquired 10 patents from IBM Corporation. Financial details of the patent acquisition were not announced. According to Crown, it now has a patent portfolio including 34 patents and applications in the smart glass technology area. Crown is led by CEO Douglas Croxall. crown electrokinetics smart glass patent licensing license materials

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Ziff Davis Spins Out Consensus Cloud Solutions

socalTECH

Los Angeles-based Ziff Davis (which until recently was known as J2 Global) has spun out its cloud computing business, Consensus Cloud Solutions, into a new, publicly traded company. According to Consensus, it began trading on the Nasdaq under the symbol CCSI on Friday. Consensus is being led by CEO Scott Turicchi. Ziff Davis/J2 Global continues to also be publicly traded on the Nasdaq as ZD. Consensus said the spinout was made through a pro-rata distribution to Ziff Davis stockholders of 80.1%

Sonendo Files For IPO

socalTECH

Laguna Hills-based dental technology company Sonendo filed for an IPO on Friday, saying that it is looking to raise up to $100M in an IPO on the New York Stock Exchange. Sonendo said it has applied to list as SONX. The IPO is being underwritten by BofA Securities, Goldman Sachs & Co. LLC, Piper Sandler & Co., as well a s Stifel, Nicolaus & Company, Inc. Sonendo develops systems which are used for cleaning and disinfection during root canal procedures.

Better Brand Chomps Down On $2.5M For Food Brand

socalTECH

Los Angeles-based Better Brand Bakery, which is behind the "Better Bagel", said last week that it raised $2.5M in a funding round. The company said the funding was led by Seven Seven Six, the venture investment firm from Alexis Ohanian, and also included Soma Capital, VERSO Capital, Cruise founder Kyle Vogt, and actor Patrick Schwarzenegger. The company says it has now raised $4M in total. Better Brand is led by Aimee Yang.