L.A. Business Journal
JUNE 30, 2017
Actress Jessica Alba’s Honest Co. has reached a $7.35 million settlement in a marketing fraud lawsuit that alleged the company fraudulently labeled home and personal care products as natural, plant-based or chemical-free.
socalTECH
JUNE 30, 2017
Los Angeles-based Headspace , which develops meditation applications for your smartphone or tablet, has raised $36.7M in funding, the company disclosed on Friday. The funding came from Spectrum Equity. The company has now raised $73.7M in total. Headspace is now led by co-founder Rob Pierson, after a widely publicized management shakeup and ousting of the company's CEO.
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L.A. Business Journal
JUNE 30, 2017
Jessica Alba’s Honest Co. settles fraudulent labeling lawsuit for $7.35 million, SpaceX loses U.S. Air Force launch contract to ULA and Boring Co. test tunnel makes progress toward car elevator.
socalTECH
JUNE 30, 2017
Elon Musk has released several videos of tunnel construction at the SpaceX , showing the installation of an elevator designed to take cars or "pods" down to a newly completed tunnel. The tunnel's entrace is apparently being built in SpaceX's parking lot. Musks's "The Boring Company" is hoping to build a network of tunnels under Los Angeles to help people avoid traffic congestion and transport people across the city, but has mostly been mum about its efforts.
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L.A. Business Journal
JUNE 30, 2017
Upfront Ventures said last week that it has raised a $400 million venture capital fund – the Santa Monica-based firm’s sixth core investment vehicle – giving it some $2 billion in assets under management.
socalTECH
JUNE 30, 2017
Irvine-based Terran Orbital , a developer of nanosatellite technology, has received a strategic funding round from Lockheed Martin , via Lockheed Martin Ventures. Financial details of the funding were not announced. Lockheed announced the investment on Friday. Terran Orbital is focused on. nanosatellite design, development, manufacturing, testing and launch, and is led by CEO Tony Previte.
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
socalTECH
JUNE 30, 2017
The SpaceX Dragon cargo spacecraft currently docked at the International Space Station is scheduled to return to earth on Sunday, according to NASA. NASA said it will be broadcasting coverage of the departure of the SpaceX dragon starting at 7:15 a.m. PT on July 2nd. SpaceX successfully docked the Dragon on June 5th, delivering 6,000 pounds of cargo to the ISS.
Xconomy
JUNE 30, 2017
There is no Obamacare replacement, at least not as of this writing. The Senate Republicans are fractured, with a handful of conservatives and moderates each giving a cold shoulder to their chamber’s version of healthcare reform, the Better Care Reconciliation Act. The nonpartisan Congressional Budget Office report Monday put the bill’s potential effects in stark relief: $321 billion in deficit reduction because of tax cuts and a Medicare rollback, and 22 million more people uninsured
socalTECH
JUNE 30, 2017
Vector , a developer of micro-satellite launch systems and rocket technology whose founders came from SpaceX, said on Thursday that it has raised $21M in a Series A funding. The funding was led by Sequoia Capital, and also included Shasta Ventures and Lightspeed. The company is based in Arizona, but the majority of its founders are from Los Angeles.
Startup Professionals Musings
JUNE 30, 2017
In my role as an advisor to entrepreneurs and new businesses, I often get asked to critique an idea, but rarely get asked to comment on an implementation plan, or execution actions to date. For the record, my experience tells me that success in a new business has very little to do with the idea, and everything to do with execution. Execution trumps everything in a new business.
socalTECH
JUNE 30, 2017
Irvine-based antivirus software developer Cylance reported Thursday that it has signed a distribution agreement with Toshiba , where Toshiba Corporation Industrial ICT Solutions Company Group (Toshiba Industrial ICT Solutions) will sell its artificial intelligence-based antivirus solution. Cylance said the deal came about after Toshiba Group started installing CylancePROTECT internally, with an in-house deployment on approximately 5,500 endpoints.
socalTECH
JUNE 30, 2017
A local, Los Angeles-area team is one of 20 finalists in the NASA Space Robotics Challenge , with the chance to win part of $600,000 in prizes, to be awarded later today. According to NASA, Coordinated Robotics , based in Newbury Park, California, is one of just 20 teams which competed in the final round at NASA's Space Center Houston this week. The team and the other 19 competitors developed software technologies in a virtual environment, aimed at use someday on real robotic hardware, tackling
socalTECH
JUNE 30, 2017
San Diego-based Daylight Solutions announced on Thursday that it is now part of Leonardo DRS , after receipt of final regulatory approvals on the $150M acquisition. The deal had originally been announced in March. Daylight Soultions said it will continue to operate from San Diego, with its three co-founders, Dr. Timothy Day, Paul Larson and Sam Crivello, remaining with the company.
socalTECH
JUNE 30, 2017
Santa Monica-based videogame publisher Activision has brought back Crash Bandicoot , its popular videogame character, in a new remake of the original three games for the PS4 and PS4 Pro. Activisoin said that it has released the first three games in the series, Crash Bandicoot; Crash Bandicoot 2: Cortext Strikes Back; and Crash Bandicoot 3: warped. All three games had originally been released starting around 1994.
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