Tue.Dec 17, 2019

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Wavemaker, Launch Back Seed Round for Balloon

L.A. Business Journal

Wavemaker Partners and Launch co-led a $2.1 million seed funding round for software company Balloon.

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Domio raises $100M in equity and debt to take on Airbnb and hotels with its curated apartments

TechCrunch LA

Airbnb has well and truly disrupted the world of travel accommodation, changing the conversation not just around how people discover and book places to stay, but what they expect when they get there, and what they expect to pay. Today, one of the startups riding that wave is announcing a significant round of funding to fuel its own contribution to the marketplace.

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Report Pans Ring's Security Features

socalTECH

In a continued barrage on Santa Monica-based Ring , Vice has published an article calling Ring's security "awful". The article complains that Ring leaves the onus of security on its users--who typically are not sophisticated enough to set up features like two factor authentication, or using better passwords. Vice has been running a series of articles on multiple hacking of Ring cameras--usually due to the choice of poor passwords or using previously compromised account names and credentials.

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7 Benefits of Using Switched Ethernet Services

Southern California Edison Blog

Switched Ethernet enables organizations to meet bandwidth needs by leveraging the support of numerous dedicated station segments to maximize the efficiency of the available cable. An extremely reliable network solution that boasts high-quality. connections with ultra-low latency and fast re-routing capabilities, ethernet services typically offer organizations more advantages than disadvantages.

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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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Heal Partners With Sutter Health | Aetna

socalTECH

Los Angeles-based Heal , which provides in-home doctor's visits, has partnered with health plan provider Sutter Health | Aetna , in an effort which will make house calls available to the plan's members. According to the two, the deal will provide in-home house calls from Heal, starting January 1, 2020. Financial detais of the partnership were not announced.

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Trust & Will Adds $6M

socalTECH

San Diego-based Trust & Will , a startup which offers up online services to help people create trusts, wills, and guardianships, has raised $6M in a new funding round, the company said on Tuesday. The Series A funding came from Link Ventures, Rise of the Rest Seed Fund, Western Technology Investment, Techstars Ventures, Luma Launch and Halogen Ventures.

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Tranphorm Gets Power Supply Win In Aviation Industry

socalTECH

Goleta-based Transphorm , which develops high voltage, gallium nitride (GaN) power semiconductors, has scored a design win in the aviation industry, saying that customer AES Aircraft Elektro/Elektronik System GmbH has released new power supplies based on its technology. Transphorm said that AES Aircraft Elektro/Elektronik System GmbH has released a new 650 V Ga-N power supply for use in such aircraft as the Airbus A318-A321, A330, A340, A380 and Boeing B767, B787 VIP aircraft.

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FDH Buys Aerospheres UK Ltd.

socalTECH

El Segundo-based FDH , a supplier of hardware and replacement parts to commercial and defense aircraft manufacturers, subcontractors, component distributors and others, has acquired Aerospheres UK Ltd. , a distrbutor of aerospace aftermarket chemicals, composites and other consumable materials for maintenance applications and MRO service providers. Financial terms of the acquisition were not announced.

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ChromaCode Collects $28M

socalTECH

Carlsbad-based molecular diagnostics developer ChromaCode has raised $28M in a Series C funding, the company announced this morning, in a funding led by Northpond Ventures. The new funding round also included Windham Ventures, Moore Venture Partners the California Institute of Technology, plus New Enterprise Associates (NEA), Domain Associates and Okapi Ventures.

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