Snap Drives Growth of LA’s AR Industry
L.A. Business Journal
FEBRUARY 22, 2021
Visual artist Clay Weishaar said he was incredulous when someone from Snap Inc. contacted him in 2018 to let him know one of his lenses was trending.
Mon.Feb 22, 2021
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Lucid Sight Buys Colyseus
socalTECH
FEBRUARY 22, 2021
Los Angeles-based Lucid Sight, which developings videogames, said it has acquired the open source, multiplayer game engine Colyseus. According to Lucid Sight, it will be taking over the Colyseus brand, GitHub, and all social and support channels, and Colyseus creator Endel Dreyer will join its team. Lucid Sight said over 3,000 developers are active in the Colyseus community channels.
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Mahmee’s Digital App Connects New Moms and Physicians
L.A. Business Journal
FEBRUARY 22, 2021
MCH Ventures Inc., doing business as Mahmee, is a family-run business in the business of supporting families.
8 Keys To That First Investment From People You Know
Startup Professionals Musings
FEBRUARY 22, 2021
Most entrepreneurs have learned that it’s almost always quicker and easier to get cash from someone you know, rather than angel investors or professional investors (VCs). In fact, most investors “require” that you already have some investment from friends and family before they will even step up to the plate. You see, investors invest in people, before they invest in ideas or products.
Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19
Advertiser: Aggregage
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.
Metropolis Raises $41 Million to Automate Parking Garages
L.A. Business Journal
FEBRUARY 22, 2021
Alex Israel, co-founder and chief executive of Venice-based startup Metropolis Technologies Inc., said it’s time for a shakeup in Los Angeles’ parking industry.
Zadara Links With Alfa Romeo Racing ORLEN F1 Team
socalTECH
FEBRUARY 22, 2021
Irvine-based cloud storage services provider Zadara, which develops equipment and offers up "edge cloud" services to companies seeking a turnkey way to tap into cloud storage through on-premise hardware, says it has teamed with the Alfa Romeo Racing ORLEN Team. Zadara said it is now the "official cloud supplier" for the Formula One team. Details on the sponsorship and relationship were not announced.
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NXCR, Led By Scott Painter, Scores $30M In Seed Funding
socalTECH
FEBRUARY 22, 2021
Los Angeles-based NXCR, a new, subscription car startup led by automotive startup veteran Scott Painter, has raised $30M in a seed funding, based on an internal employee email obtained by socaltech. According to the email from Painter, the funding is the company's first external equity financing. The funding came from such investors as Reid Hoffman and Mark Pincus, per the leaked email.
NXCR Raises $30 Million for Vehicle Subscription Service
L.A. Business Journal
FEBRUARY 22, 2021
Scott Painter, founder and chief executive of NXCR, said the company had raised $30 million in seed funding for its vehicle subscription platform.
Xos Plans $2 Billion SPAC For Electric Trucks
socalTECH
FEBRUARY 22, 2021
Los Angeles-based Xos, a relatively unknown, new electric truck startup, has agreed to go public at a $2 billion valuation, via a SPAC offering, according to reports. The company--which had just raised $20M--will be acquired in a reverse merger with NextGen Acquisition Corp. The deal will raise $220M in funding, with investors reportedly including Janus Henderson Group Plc and a group of truck dealers led by Thompson Truck Centers.
NXCR Raises $30 Million For Vehicle Subscription Service
L.A. Business Journal
FEBRUARY 22, 2021
Scott Painter, founder and chief executive of NXCR, said the company had raised $30 million in seed funding for its vehicle subscription platform.
Blizzard Brings Back Original Titles In Arcade Collection
socalTECH
FEBRUARY 22, 2021
Irvine-based Blizzard Entertainment said this morning that it has brought back a long list of its original titles, in a new collection called the Blizzard Arcade Collection. The company said the titles--The Lost Vikings, Rock N Roll Racing, and Blackthorne--are available on Windows PC, Battle.net, Nintendo Switch, Playstation 4, and Xbox One. The games were originally released more than thirty years ago, when Blizzard was just getting started as a company.
Dr. Squatch Cleans Up With Super Bowl Ad
L.A. Business Journal
FEBRUARY 22, 2021
Familiar beer brands and automakers weren’t the only ones competing for the attention of Americans during commercial breaks in Super Bowl LV.
Software Developer Nobl9 Raises $21 Million, Releases Signature Product
L.A. Business Journal
FEBRUARY 22, 2021
It’s not every day that a startup attracts more than $20 million from investors without having released a product.
Mahmee’s Digital App Connects New Moms and Physicians
L.A. Business Journal
FEBRUARY 22, 2021
MCH Ventures Inc., doing business as Mahmee, is a family-run business in the business of supporting families.
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