Wed.Jan 31, 2018

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Inside Joymode, a subscription service saving you from buying all of the things

TechCrunch LA

What began as a movement among couture culturati with the success of Rent the Runway has moved into everything from cars (Porsche's got a subscription service ) to construction equipment and furniture. Well, the Los Angeles-based startup Joymode has just raised $14 million to be the subscription service for nearly everything else. .

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Hulu Goes Green, Moves Data Centers To 100 Percent Renewable Energy

socalTECH

Los Angeles-based streaming television service Hulu , in a major move to reduce its impact on the environment, has moved its data centers to a 100 percent, renewable energy data facility in Las Vegas. Hulu said it is partnering with data center provider Switch, which is one of the largest renewable energy-powered data center providers in the industry.

Hulu 178
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Inside Joymode: a subscription service saving you from buying all of the things

TechCrunch LA

What began as a movement among couture culturati with the success of Rent the Runway has moved into everything from cars (Porsche’s got a subscription service ) to construction equipment and furniture. Well, the Los Angeles-based startup Joymode has just raised $14 million to be the subscription service for nearly everything else. Read More.

Services 192
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GameMine Announces $20M Funding (Again), Claims Profit

socalTECH

Los Angeles-based mobile game publisher GameMine said on Tuesday it has raised $20M in a Series A funding round, and has reached "sustainable profitability", claiming it "is on track to do more than $20 million in profits before the end of 2018." The company, led by CEO Daniel Starr, did not detail the funding round, but it appears the $20M Series A is the same, Series A funding it announced in May of 2017.

Funding 147
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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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TT Games Opens UK Studio for Lego Mobile Video Games

L.A. Business Journal

TT Games, makers of the Lego video game franchise published by Warner Brothers Interactive Entertainment in Burbank, has announced the opening of TT Games Brighton, a new UK-based development studio focused on creating new Lego games designed for mobile platforms.

Mobile 138
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GDC Pulls Award To LA's Nolan Bushnell, After #MeToo Protests

socalTECH

Los Angeles investor and entrepreneur Nolan Bushnell will no longer receive the "Pioneer Award" from the Game Developer's Conference, after a flap over Bushnell's description in a book of a "wild" atmosphere at Atari in the 1970's, including behavior which has been brought to light in recent months over sexual harassment in the workplace. According to the GDC, it will no longer be presenting the Pioneer Award, but instead will dedicate the award to honor the "pioneering and unheard voices of the

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Airgain Links With Formula 1's McLaren Technology Group

socalTECH

San Diego-based wireless technology developer Airgain and Formula 1 team McLaren Technology Group said today that the two are in a multi-year partnership, where the two will work on on-car and off-car wireless technology. Financial details of the partnership were not announced. According to the two, Airgain will use its expertise in high performance antenna systems towards technology advancement in the automotive sector.

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2018 Digital Entertainment World - Digital Entertainment World

SoCal Tech Calendar

Tuesday, February 6, 2018 -- Digital Entertainment World (DEW2018). Recognized by Hollywood insiders, digital influencers and industry leaders throughout the world as a "must-attend" event, now in its 5th year Digital Entertainment World (DEW) is where you want to be if you are in the business of creating or monetizing digital entertainment content.

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SpaceX Tries Again On GovSat-1 Launch

socalTECH

Hawthorne, California-based SpaceX is set for another try on it latest satellite launch, the launch of a geosynchronous satellite for GovSat. According to SpaceX, GovSat-1 is set to launch at 4:25pm EST on Wednesday, January 31st, from Space Launch Complex 40 (SLC-40). The launch had been delayed from Tuesday, due to a sensor issue. According to SpaceX, the GovSat-1 satellite includes X-band and Military Ka-band capacity, and will enable secure communication links.

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Vubiquity to Be Acquired for $224 Million by Amdocs

L.A. Business Journal

Software developer Amdocs announced on Jan. 31 that it entered into an agreement to acquire Burbank video distribution services company Vubiquity for $224 million in cash.

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Funraise Finds $9.7M For Nonprofit Fundraising

socalTECH

Long Beach-based Funraise , which develops nonprofit fundraising software, has raised $9.7M in an investment in its Series A funding, the company said this week. According to Funraise, the funding was led by Toba Capital, and also included angel Blaine Vess, the founder of Student Brands. Funraise was founded by Justin Wheeler (CEO), Tony Sasso (CPO), and Jason Swenski (CTO).

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Silicon Beach Report Jan. 31: Vubiquity to Be Acquired for $224 Million by Amdocs

L.A. Business Journal

Vubiquity to be acquired for $224 million by Amdocs; Santa Monica-based Hawke Media picks up Execute LA of Venice; and Scopely raises $125 million.

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Nolan Bushnell Target Of #MeToo Protests After GDC Award

socalTECH

Nolan Bushnell , the Los Angeles-based founder of Atari--who is also a very active angel investor in Los Angeles and other companies-- is the target of a protest after he was recognized by the Game Developers Conference with the "Pioneer Award". The protests come as a result of Bushnell's bragging in a book about holding board meetings in a hot tub, and trying to get attractive female employees to join them, among other in appropriate conduct in Atari's early days.

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Your Smart City Is Stupid

Xconomy

Cities have been called a repository of possibilities. What they haven’t been called, at least until recently, is smart. These days, however, the term “smart city” is everywhere, pimped by tech giants like IBM, Google, and Cisco, and embraced by various mayors, city managers, and chief innovation officers from Silicon Valley to Rio to Dubai.

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Scopely Reportedly Finds $125M, Nears Unicorn Territory

socalTECH

Los Angeles-based mobile game developer Scopely has raised $125M in new funding, which reportedly values the company at around $795M, according to reports today, moving the company closer to unicorn territory. Scopely has not yet announced the funding, and no investor details were released. Scopely has previously raised funding from such investors as Revolution Growth, Greenspring Associates, Sands Capital Ventures, Cross Creek Advisors, and Pritzker Group Venture Capital.

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As A.I. Takes Off, We Need a Plan to Deal with Societal Disruption

Xconomy

As an Xconomist, I have been asked to predict what technology might really take off in 2018. My response is something of a “cheat” in that it relates to artificial intelligence (AI), a technology that has been poised to take off next year for the past several decades and a topic about which I have not written in decades. Way back when computers had (single digit) megabytes of memory, AI was all the buzz.

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On Assignment Acquires ECS Federal For $775M

socalTECH

Calabasas-based temporary IT and professional services provider On Assignment said this morning that it has agreed to acquire Fairfax, Virginia-based ECS Federal , a privately held government contractor, for $775M in cash. On Assignment said it acquired ECS Federal from Roy Kapani, the company's majority owner and founder. ECS provides cyber security, cloud, DevOps, IT, and other services to the government.

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5 Solution Differentiation Moves That Customers Love

Startup Professionals Musings

Every entrepreneur believes that their product or service is memorable, and that every customer will quickly see the advantage over competitors. Yet true product differentiation in the eye of the customer is rarely achieved. According to an old survey by Bain & Company , 80% of businesses believe they have differentiated offerings, but only 8% of customers agree.

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GameMine Claims It's Reached Profitability

socalTECH

Los Angeles-based mobile game publisher GameMine said on Tuesday that has reached "sustainable profitability", claiming it "is on track to do more than $20 million in profits before the end of 2018." The company, led by CEO Daniel Starr, said the growth came as a result of the earlier, $20M funding round it announced in May of 2017. The investor in that funding round was CEO Daniel Starr , along with what the company says are other high net worth individuals.

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Google Pulls Plug on Webpass in Boston Amid Growing Competition

Xconomy

In another setback for Google’s Internet business, the tech giant has decided to wind down the Boston-area operations of Webpass, a wireless Internet service provider Google Fiber acquired in June 2016. A statement e-mailed by a Google spokeswoman didn’t give a reason for the decision. “We’ll work with customers and partners to minimize disruption, and there will be no immediate impacts to their Webpass service,” according to the statement.

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SpaceX Has Successful Satellite Liftoff of GovSat-1

socalTECH

Hawthorne, California-based SpaceX successfully lifted the GovSat-1 payload into space, and was on the way to delivering the communications satellite into geosynchronous orbit, from Florida on Wednesday afternoon. SpaceX launched the GovSat-1 at 4:25pm EST on Wednesday, January 31st, from Space Launch Complex 40 (SLC-40), after a one day delay related to a sensor replacement.

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Look Out, Investors: Cryptocurrency Values Slide As Warnings Take Off

Xconomy

Bitcoin and other cryptocurrencies have seen dramatic but volatile price surges during the past year. But this month their billions in estimated market value are eroding , amid widening suspicions against one trading platform, a half-billion-dollar heist from another exchange, and an awakened global regulatory community. Warnings are on the rise from regulators, researchers, banking executives—and even crypto-insiders—that the value of these virtual currency holdings may be a mass il

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