Tue.Oct 09, 2018

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Freight trucking startup Shipwell gets a $10 million boost

TechCrunch LA

Shipwell , a startup pitching a marketplace for domestic ground shipping and fleet and cargo management services for freight trucking companies, has raised $10 million in a new round of funding. A booming American economy coupled with failing infrastructure and a low-margin business reluctant to adopt new technologies have put stress on domestic logistics companies in the $900 billion market for U.S. trucking services.

Startup 191
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BlackLine Expands In Japan

socalTECH

Los Angeles-based accounting software developer BlackLine , which has been in expansion mode with its financial automation software, is growing again, with a new joint venture in Japan. According to BlackLine, it has created a subsidiary in Tokyo, where it will help companies in Japan with their automation of their accounting and financial operations.

Oracle 124
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TCVN Convertible Notes Workshop

SoCal Tech Calendar

Thursday, October 11, 2018 -- TCVN Convertible Notes Workshop. Come learn about convertible notes and SAFEs, when, if and how to use them, the terms you may want to consider offering (or not offering!) to your investors, and how they will affect your startup going forward!

TCVN 100
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CoreLogic: Hurricane Michael Storm Surge Recovery Could Cost More Than $13.4B

socalTECH

Irvine-based property information provider CoreLogic says that more than 57,000 homes are at risk of storm surge damages due to Hurricane Michael , the quickly moving hurricane in the Gulf of Mexico. CoreLogic said its modeling of storm surge--the wall of water which precedes a hurricane--could result in reconstruction costs of more than $13.4 billion.

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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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Silicon Beach Report Oct. 8: PWC Links With Cred to Create Cryptocurrency Standards

L.A. Business Journal

PWC links with Cred; Bonfire Ventures invests in drone maker; BlackLine enters Japanese market

Report 113
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WebFitness Launches Live Online Fitness Classes: Bring Your Webcam

socalTECH

Orange County-based WebFitness said this morning that it has launched a new service, which lets you participate in live, online fitness classes--using just a webcam, microphone, and high speed Internet connection. According to WebFitness, it runs live interactive group fitness classes, led by a live certified trainer, who monitors your workout efforts remotely using your webcam.

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PriceSpider Receives Growth Investment

socalTECH

Irvine-based PriceSpider , which develops software to help retailers and brands understand consumer buying behavior, has received a round of growth investment from Frontier Capital, the firms said this morning. Size of the investment was not announced. PriceSpider will use the funding for growth capital, market expansion, and growth acceleration, according to the two.

Invest 113
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With a $10.2M Boost, YourMechanic Aims At Mobility Fleet Market

Xconomy

Every month, there’s news of another partnership among carmakers like GM and tech companies such as Uber, as they vie for dominant roles in a transportation future where individual car ownership may largely give way to rides-on-demand from fleets of autonomous and tech-enabled vehicles. But whether Uber, Toyota, GM, Honda, or Google end up at the very top of this mobility industry, it’ll be good news for the companies that are developing services to support future high-tech car fleets, says Anth

Mobile 83
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Lumitron Launches Startup At UCI, Aims At Cancer Diagnosis

socalTECH

Irvine-based Lumitron Technologies , a developer of X-ray imaging systems which is aimed at use in cancer diagnosis and treatment, has spun out of the Lawrence Livermore National Laboratory (LLNL) due to the efforts of a University of California Irvine professor. Lumitron says it has created a laser-based, X-ray technology with ability to produce single color X-rays that enable cellular-level identification and treatment of disease.

UCI 133
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U.S. Venture Capital Deals on Pace to Exceed $100B in 2018

Xconomy

Once considered a passing phase, the concentration of capital into fewer, larger venture capital deals appears to be the new normal. Fueled by so-called mega-funds, investment in U.S.-based venture-backed companies as of the end of the third quarter hit a decade high, and is on pace to pass the $100 billion mark by year’s end. In the third quarter VC investments totaled nearly $28 billion, bringing the year’s total as of Sept. 30 to more than $84 billion, according to the latest quarterly Ventur