Tue.Sep 25, 2018

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Audax Group Buys Controlling Interest in Acuant

L.A. Business Journal

Boston-based private equity firm Audax Group Inc. bought a controlling interest in Culver City-based identification verification software developer Acuant Inc. in a deal finalized Sept. 24.

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ObEN Shows Off Singing, Talking AI Personality

socalTECH

Pasadena-based artificial intelligence software developer ObEN has rolled out a new, singing and talking "AI personality" based on Chinese singing group SNH48 , the company said today. The company said it has created the "world's first celebrity personal AI" based on one of the members of the Chinese music group, Aijia. ObEN's AI personality sang a duet with her real-life counterpart at a conference in China this week.

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TechDay Los Angeles

SoCal Tech Calendar

Thursday, September 27, 2018 -- TechDay Los Angeles. TechDay, the largest startup event series in the United States, is returning to Los Angeles for the fourth annual TechDay LA. TechDay LA will showcase the latest products and services available from hundreds of the most exciting startups and scale ups in the market.

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Bonfire Ventures Aims To Raise New, $20M Fund, Bonfire Ventures Select I

socalTECH

Los Angeles-based venture investor Bonfire Ventures , the venture capital fund led by SoCal VC veterans Jim Andelman and Mark Mullen, has launched a fundraising effort for a new fund, Bonfire Ventures Select I , according to a regulatory filing from the firm this week. Details on the new fund have not been announced by the investment fund. The regulatory filing indicates the first sale in the fund has yet to occur.

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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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Silicon Beach Networking Happy Hour at Wurstkuche in Venice

SoCal Tech Calendar

Wednesday, September 26, 2018 -- Silicon Beach Networking Happy Hour at Wurstkuche in Venice. Wednesday, September 26th Starting at 6pm! Meet new people, make business connections and most importantly, let's have fun!

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Procore Acquires BIManywhere

socalTECH

Carpinteria-based cloud software developer Procore , which develops software used in managing construction projects, has acquired BIManywhere , a developer of software used for construction and facilities management. Financial details of the buy were not announced. According to Procore, BIManywhere's platform offers up a 3D viewing engine for helping with communications across project teams, through both a mobile app and web application.

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Semtech Boosts Board

socalTECH

Camarillo-based analog and mixed-signal semiconductor maker Semtech has added two new board members, the company said on Monday afternoon, adding Rodolpho Cardenuto and Saar Gillai to the board. The company now has 10 members on its board of directors. Cardenuto is President of SAP's Global Partner Operations (GPO) organization; Gilai is CEO of Teridion, and also has served at Hewlett Packard Enterprise, HP Cloud, and 3Com; Gillai also is on the boards of SpaceIQ and Xilinx.

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Startup Game Changers

SoCal Tech Calendar

Tuesday, September 25, 2018 -- The Startup Game Changers discussion has helped many tech startups get to the next level of growth. Attendees will have the opportunity to learn actionable tips from insiders within Los Angeles startup ecosystem. This two hour session will provide the tools you need to build a foundation and accelerate the growth of your business.

Startup 100
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Inseego Names Enterprise VP

socalTECH

San Diego-based Inseego says it has named John Weldon as Senior Vice President of its Enterprise Saas Solutions business, leading up its cloud asset management and tracking solutions business. The business operates under the Ctrack brand. Weldon reports to chairman and CEO Dan Mondor. Weldon was previously working in Verizon's connected vehicle and workforce management arm, and also served as VP of Product Strategy at Telogis, among other companies.

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Silicon Beach Report Sept. 25: ATTN: Raises $15 Million

L.A. Business Journal

$15 million for Hollywood digital media firm; Amazon and Snap ink deal for barcode scanning; Tinder testing new controls for women.

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Cirrus Insight Finds Growth Funding

socalTECH

Irvine-based Cirrus Insight , a developer of software used to help sales people with managing their email inbox and calendar, has received what it says is a "significant" growth equity investment. The funding came from private equity investor Clovis Point Capital. Size of the funding was not announced. Cirrus Insight's software integrates directly with Gmail and Outlook, helping users manage the Salesforce sales process directly from their email inbox.

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Mobile LAVA: Recurring Revenue

SoCal Tech Calendar

Wednesday, September 26, 2018 --.

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Snapchat Lets Users Take Photos, Get Products Via Amazon

socalTECH

Venice, California-based Snap has rolled out a new integration deal with Amazon , saying on Monday that it has added a new feature which lets users takes photos of physical products or barcodes, and automatically have those products ordered from the Snapchat camera. According to Snapchat, the new feature lets users point there camera at a product or barcode, and a link to that product--or similar ones--from Amazon will appear on their phone.

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Keys to Driving Innovation Success

SoCal Tech Calendar

Thursday, September 27, 2018 --.

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Acuant Acquired By Audax Private Equity

socalTECH

Los Angeles-based Acuant , a developer of identity verification software, has been acquired by private equity investor Audax Private Equity. Financial details of the acquisition were not announced. Acuant was owned by Insight Venture Partners, Lightview Capital and Egis Capital Partners. Audax said it acquired a controlling interest in Acuant in the deal.

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HG Data Buys Pivotal iQ

socalTECH

Santa Barbara-based HG Data says it has acquired Pivotal iQ , a provider of IT contract data, spend intelligence, and related information. Financial details of the acquisition were not announced. Pivotal iQ was based in London, with offices in New York and India. HG Data said the acquisition will help it expand its enrichment offerings. Pivotal iQ's information includes information on IT contracts, contract values, and renewal dates--used by companies to target upcoming sales opportunities.

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CoreLogic: Hurricane Florence Caused Between $20 Billion And $30 Billion In Loss

socalTECH

Irvine-based property information provider CoreLogic estimates losses from Hurricane Florence hitting properties in North Carolina, South Carolina, and Virginia at between $19 billion and $28.5 billion, including both residential and commercial properties, storm surge and inland flooding, plus wind losses. According to CoreLogic, the losses covered by the losses covered by the National Flood Insurance Program (NFIP) is estimated to be between $2 billion and $5 billion, and insured losses covered

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