Wed.Oct 11, 2017

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Tooshlights Takes $3M For Bathroom Traffic Management

socalTECH

Los Angeles-based startup Tooshlights , a developer of a technology-enabled system to help manage traffic into public restrooms, has raised $3M in a Series A funding, the company said today. According to Tooshlights, the Series A funding was led by convenience store chain Buc-ee's LTD. Tooshlights said its products are designed to help such venues as arenas, stadiums, airports, malls, hotels, convention centers, casinos, theme parks and office buildings improve traffic flow in their restrooms, b

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Silicon Beach Report Oct. 11: SpaceX to Launch Another Used Rocket

L.A. Business Journal

SpaceX to launch another used rocket; SpringRole, professional reputation management network, rolls out of Science Inc. incubator; and Hulu adds channel guide to live TV web user interface.

SpaceX 100
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Snapchat Sets Up Secret Research Lab In Utah

socalTECH

Venice, California-based Snap, Inc. , the parent firm of Snapchat , has reportedly set up a new, secret location in Lehi, Utah, according to a report this week. The report says that the new lab is being headed up by former Scan.me co-founder Kirk Ouimet, who founded Scan.me out of Brigham Young University, and sold that to Snap for the basis of its Scancodes product.

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LA Fintech Awards

SoCal Tech Calendar

Tuesday, October 17, 2017 -- LA Fintech Awards. Cast your vote for the 2017 LA Fintech Awards HERE. This will be better than the Oscars, Emmys, and Grammys combined. Come mix and mingle with other Financial Technologist's Tues October 17th. Learn about the newest and fastest changes going on in financial technology. Finance is undergoing a massive change some call the "financial paradigm".

Ideas 100
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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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Akatsuki Lauches $50M Entertainment Investment Fund

socalTECH

Japanese entertainment firm Akatsuki has launched a brand new, Los Angeles-based entertainment fund, called the Akatsuki Entertainment Technology Fund (AET Fund) , which will invest in augmented reality and other entertainment technology, the Japanese company announced on Tuesday. According to Akatsuki, the new $50M investment fund is aimed at encouraging startups to create new content and services, and will invest in such areas as Augmented Reality, Virtual Reality (VR), and Mixed Reality marke

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Tea Tech and Tequila Autumn Mixer Fundraiser

SoCal Tech Calendar

Tuesday, October 17, 2017 -- Tea Tech and Tequila Autumn Mixer Fundraiser. Connect Pasadena. Media Technologies MarketPlace, a boutique tech sales and service company, is hosting a fun evening of networking, need to know tech showcases, tea and tequila tasting, live music and culinary goodies. As an InnovatePasadena Connect17 Week collaborator, we’ll be celebrating entrepreneurship, innovation, design, technology, and science in Pasadena.

Pasadena 100

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Xconomy Q&A: Security Sleuth Stefan Savage Wins MacArthur Grant

Xconomy

After winning a MacArthur “genius” grant late Tuesday, the San Diego cybersecurity sleuth Stefan Savage acknowledged the honor “definitely triggers my imposter syndrome.” Savage, a computer scientist at UC San Diego (and a San Diego Xconomist ), added in an e-mail Wednesday, “It’s very nice to see all the work that I and my collaborators and students have done together be recognized this way.

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Wavemaker Partners Names New Venture Partner

socalTECH

Los Angeles-based venture investment fund Wavemaker Partners has added Alon Goren as a new Venture Partner at the firm, Goren told his friends and supporters this week, as the investment firm continues to grow its team. Goren is the founder of the Crowd Invest Summit, founded crowdfunding startup Invested.in, and is well known for his work running the 805 Startups community.

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10 Winning Entrepreneur Insights That May Surprise You

Startup Professionals Musings

Every aspiring entrepreneur would love to be the next Mark Zuckerberg or Jeff Bezos, but most have no idea what really sets these guys apart from all the rest. Conventional wisdom has them looking for a painful problem, a very large opportunity, and minimal competitive barriers to entry. In reality, most great entrepreneurs find these necessary, but not sufficient for the big win.

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Science Launches SpringRole To Tackle Professional Reputations Using Blockchain

socalTECH

Santa Monica-based startup studio Science , led by former MySpace CEO Mike Jones and Peter Pham, has launched a new company called SpringRole , to tackle the fraud in user profiles. According to Jones, SpringRole is the first professional reputation network powered by artificial intelligence and blockchain. The new startup--the first Blockchain startup out of Science--lets employers and educators verify information on user profiles, and also uses Blockchain to weight endorsements of others in yo

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GoFundMe Launches Hub For California Wildfire Relief

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San Diego-based crowdfunding site GoFundMe has launched a new hub for crowdfunding projects aimed at helping those hit by the wildfires across California, the company said late Tuesday. According to GoFundMe, it has created a new centralized hub for California fire relief , where users can view or create campaigns to help those affected by the sudden, devastating wildfires in Napa, Sonoma, Mendocino, and Yuba counties, as well as fires locally in the Anaheim Hills.

San Diego 113
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Nimble Selected For Microsoft Accelerator

socalTECH

Santa Monica-based CRM software developer Nimble has been selected to join Microsoft's startup accelerator in Seattle, the company said today, in a major move which will help tie Nimble into Microsoft's ecosystem. According to Nimble, it has joined Microsoft's Seattle Accelerator, an accelerator program specifically geared at later stage, more mature enterprise startups to help them scale.

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Pontifax AgTech Launches $105M Venture Investment Fund

socalTECH

In the latest fund in an unprecedented boom in local investment funds, Los Angeles-based Pontifax AgTech Management announced this morning that it has closed on its first fund, a $105M fund calld the Pontifax Global Food and Agriculture Technology Fund. Pontifax AgTech said it will invest in revenue-generating businesses with proven technologies that improve the productivity, sustainability and efficiency of the agriculture supply chain.

Invest 113
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SpaceX Successfully Launches EchoStar 105/SES-11 Mission, Lands Booster

socalTECH

Hawthorne-based SpaceX has again successfully launched a satellite payload into space, this time for EchoStar and SES, and also again landed the first stage of its Falcon 9 rocket. SpaceX launched the EchoStar 105/SES-11 mission to Geostationary Transfer Orbit (GTO) from NASA Kennedy Space Center in Florida at 6:53pm EDT, and was in the process of deploying the satellite.

SpaceX 100
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Techstars LA Debuts First Class Of Startups

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Techstars LA , one of three, Los Angeles area startup accelerator programs run by Techstars , launched the first class of startups at its first Demo Day on Tuesday at the El Rey Theater. The ten startups that presented at the Demo Day included Avisare (B2B contracting marketplace), Blue Fever (content for millennial women), DirecTech Labs (AI for direct selling), Heartbeat (marketing automation for female consumer brands), LIV (VR experience), Maslo (emotional awareness AI), PlayFull (mobile gam

Class 100
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FastPay Acquires AnchorOps

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Los Angeles-based FastPay announced today that it has acquired AnchorOps , a developer of electronic payment solutions for media buyers. Financial terms of the acquisition were not announced. AnchorOps was based in Westborough, Mass, and was founded in 2012. The two said AnchorOps' payment solutions were exclusively designed for media industry. The acquisition will grow FastPay's team to over 100 employees.