L.A. Business Journal
MARCH 21, 2018
Elon Musk’s new Tesla Inc. compensation package received the approval of 73 percent of company voting shares, according to a March 21 Securities Exchange and Commission filing made hours after a company shareholder meeting at its Fremont headquarters.
socalTECH
MARCH 21, 2018
Los Angeles-based expense and invoice management software developer Chrome River announced this morning that it has named Matt Gahr as its new Chief Sales Officer. Gahr was most recently Vice President Sales, Americas at Cornerstone OnDemand, where Chrome River said he oversaw more than 100 sales professionals. Gahr also has served at Gevity (now TriNet) and Randstad, and was co-founder of GetListed.
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L.A. Business Journal
MARCH 21, 2018
Aerospace expects Tiangong-1 to land in early April; Maco.la launches fund aimed at blockchain; and Europe proposes tax on tech giants.
socalTECH
MARCH 21, 2018
La Jolla-based Connectiv , a developer of cloud-based, mobile software used by biomedical and clinical engineering groups to manage and control their medical devices and equipment, has been acquired by Austin, Texas-based Accruent. Financial terms of the buy were not announced. Accruent said the acquisition is its seventh in the past 24 months. Accruent was founded in Los Angeles a little over 22 years ago, but was acquired and moved to Texas in 2016.
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Xconomy
MARCH 21, 2018
Big Food is getting serious about innovation. Many top food companies are increasingly pumping money into supporting young, innovative startups, according to a recent analysis by CB Insights. The firms include stalwarts like Kraft Heinz (NASDAQ: KHC ) , which has an incubator and accelerator program called Springboard , and relative newcomers like the Greek-style yogurt maker Chobani , which operates an incubator that makes $25,000 investments in startups with no equity stake.
socalTECH
MARCH 21, 2018
Kozmo.com , the 90's-era online grocery delivery service brand, is back--thanks to Los Angeles-based Yummy.com. According to Yummy.com, it launched the Kozmo.com online warehouse club on Wednesday in Los Angeles, offering up next-day delivery of bulk groceries, saying it will delivery fresh produce, meat and packaged groceries, health and beauty products, beer, wine and liquor through its service, at prices similar to a traditional warehouse club--but without a membership fee.
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socalTECH
MARCH 21, 2018
Irvine-based antivirus and endpoint protection software developer Cylance has linked up with virtual server software developer VMware , to apply its software to VMware's Workspace ONE Trust Network, a new effort to plug security providers into VMware's platform. According to Cylance, the collaboration will allow customers to deploy Cylance directly from inside VMware's Workspace ONE platform, to help them prevent malware infections.
Xconomy
MARCH 21, 2018
Facebook CEO Mark Zuckerberg tried to reassure users Wednesday that its new and old modifications will prevent the wholesale capture of millions of personal profiles, like the 50 million that fell into the hands of political consulting firm Cambridge Analytica by 2015. But an MIT team says canny software developers could still amass these profiles on a broad scale, without the consent of most users, by using a custom browser extension.
socalTECH
MARCH 21, 2018
Los Angeles-based advertising software developer SteelHouse said this morning that it has named two new executives at the company. According to SteelHouse, it has named Dan Weiner as SVP of Enterprise Sales/CTV, and Rory Mitchell as VP of Client Success, Head of Accounts. Weiner was most recently head of Western Region Sales for Pandora, and previously served at Clear Channel and CBS, having worked on the FOX Audience Network (Myspace).
socalTECH
MARCH 21, 2018
Los Angeles-based TicketGuardian , which operates a ticket insurance service for live events, said it has named Casey Callinsky as its new President. Callinsky previously had served as a bank area president for Wells Fargo, where he had served in a variety of positions since 2002, and prior to that, had been at US Bank. TicketGuardian said its founder, Bryan Derbyshire, remains as CEO.
socalTECH
MARCH 21, 2018
Los Angeles-based Maco.la Management , a new investment fund, said it its targeting the blockchain market, with a new $6M fund. According to Maco.la, it has a target of raising a total of $40M for its fund. The new investment fund is led by Mark Strome. According to Maco.la, it is looking to invest in enterprises seeking to optimize and accelerate their business with the use of blockchain technology.
socalTECH
MARCH 21, 2018
La Jolla-based venture investor Avalon Ventures is the lead investor in a round for San Francisco-based Averon , a developer of mobile identity verification software. Averon said today that it has raised $5M in a Series A funding round. The funding was led by Avalon Ventures, and also included Salesforce founder and CEO Marc Benioff. Averon says it has now raised $13.3M in total.
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