Wed.Aug 15, 2018

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With $40 million for AuditBoard’s risk and compliance toolkit, LA’s enterprise startups notch another win

TechCrunch LA

Daniel Kim and Jay Lee, the two founders of AuditBoard , a Los Angeles-based provider of a risk and compliance software service for large businesses, grew up middle school friends in Cerritos, Calif. It was from their hometown Los Angeles exurb, that Kim and Lee first began plotting how they would turn their experience working for PriceWaterhouseCoopers and Ernst & Young (respectively) into the software business that just managed to rake in $40 million in financing led by one of venture capi

Startup 155
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Tinder Sues Parent Company

L.A. Business Journal

Match Group dating app subsidiary Tinder Inc. has filed a lawsuit against parent company InterActiveCorp., alleging IAC purposefully undervalued the company to avoid proper payouts to executives.

Company 113
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LA Cryptocurrency Investor Seeks $223.8M From AT&T Over Crypto Theft

socalTECH

Michael Terpin , a well known serial entrepreneur who is very active in the Los Angeles technology industry--and has since made a name for himself as an early cryptocurrency investor and pioneer--is suing AT&T over the loss of $23.8 million due to a "SIM swap" scam. Terpin is seeking $223.8M in his lawsuit, including $200M in punitive damages, for AT&T's role in allowing an AT&T agent to transfer Terpin's cellphone account to an international criminal gang.

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Lucidity Announces $5 Million Funding Round

L.A. Business Journal

Marina del Rey advertising blockchain firm Lucidity (an affiliate of KR8OS Inc.) announced Aug. 15 it completed a funding round of $5 million in total, comprised of investments from six venture capital firms.

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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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Semtech's LoRa Used For Cattle Health Monitoring

socalTECH

Camarillo-based semiconductor maker Semtech reported a design win today for its LoRa wireless technology. According to Semtech, its LoRa technology is being us to help monitor cattle health in real-time, via a design win with company Quantified Ag. Semtech said Quantified Ag is using its LoRa devices and wireless radio technology into its "smart" cattle tags, which collect body temperature and activity in cows continuously, 24 hours a day, on cattle feedlots.

Design 113
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Silicon Beach Report Aug. 15: AuditBoard Nets $40 Million

L.A. Business Journal

Risk and compliance software company AuditBoard raises $40 million; Bird, Lime lead e-scooter protest in Santa Monica; Tinder sues parent company

.Net 113

More Trending

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SF’s Full Harvest Bags $8.5M to Help Sell “Ugly and Surplus” Produce

Xconomy

Full Harvest, an online market for imperfect produce that previously would have been thrown out, announced it has raised $8.5 million in a Series A round of funding. The funding was led by Spark Capital and includes investors such as Cultivian Sandbox Ventures, Rent the Runway co-founder Jenny Fleiss, and John Scherr, head of strategic partnerships at CircleUp.

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Skyworks Solutions Get Design Win In Heart Defibrillator

socalTECH

Irvine-based Skyworks Solutions , which makes a wide selection of analog semiconductors, said that its high reliability optocouplers are being used in a line of implantable cardiac defibrillators. Skyworks did not say who is manufacturing those defibrillators, only saying that it is a "leading medical device provider". Skyworks said its photovoltaic optocouplers are providing the link between power supply circuits and control electronics.

Design 100
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Best Buy Acquires GTCR’s GreatCall for $800M, Eyeing Aging Boomers

Xconomy

Best Buy is paying $800 million in cash for GreatCall, a San Diego-based healthtech company which private equity firm GTCR bought early last year. GreatCall operates a virtual mobile telecommunications network for a customers base of more than 900,000 elderly consumers. The company also sells gadgets, such as mobile devices with large screens and big buttons, wearables that can work with those devices, and emergency alert products.

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AuditBoard Find $40M For Risk, Compliance Software

socalTECH

Los Angeles-based AuditBoard , a developer of risk and compliance software used to help auditors streamline their work, has raised $40M in a funding round, the company disclosed this morning. The funding was led by Battery Ventures. Michael Brown of Battery Ventures joins the company's board with the funding. AuditBoard was founded by Daniel Kim and Jay Lee.

Software 100
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7 Excuses For Giving Up Instead Of Persevering To Win

Startup Professionals Musings

When I heard a friend and business mentor say, “Your startup won’t fail if you don’t quit,” I realized that every entrepreneur should adopt “never give up” as their mantra. Rather than quitting, there are always alternatives, like pivoting the business model or merging with new partners for support. Either could improve the statistic that half of startups fail within the first five years.

Startup 56
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Startup San Diego Announces New Executive Director – Press Release

Startup San Diego

SAN DIEGO — Aug 16, 2018 — Startup San Diego, is a nonprofit organization which fosters collaboration amongst entrepreneurs, mentors, and investors to accelerate and grow the greater San Diego startup community. After 6 years of consistent growth. with the help of passionate volunteers, the organization is thrilled to announce it has hit an important […].

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Startup San Diego Announces New Executive Director – Press Release

Startup San Diego

SAN DIEGO — Aug 16, 2018 — Startup San Diego, is a nonprofit organization which fosters collaboration amongst entrepreneurs, mentors, and investors to accelerate and grow the greater San Diego startup community. After 6 years of consistent growth. with the help of passionate volunteers, the organization is thrilled to announce it has hit an important […].