Momentum IoT Lands $3.1 Million
L.A. Business Journal
SEPTEMBER 10, 2018
Long Beach-based mixed fleet management software developer Momentum IoT announced Sept. 10 it raised $3.1 million.
Mon.Sep 10, 2018
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Boring Company Wires Massive Tunnel Digging Machine To Game Controller
socalTECH
SEPTEMBER 10, 2018
In a move that will surprise no one who is familiar with the antics of Elon Musk , Musks's tunnel-digging-and-transportation-system company The Boring Company has wired its tunnel digging machines to a rather unexpected controller: an Xbox controller. In a video released by the company over the weekend entitled "Best video game ever", The Boring Company shows its tunneling machines controlled using the ubiquitous game controllers, rather than any sophisticated custom equipment.
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First Time Entrepreneur Workshop
SoCal Tech Calendar
SEPTEMBER 10, 2018
Saturday, September 15, 2018 -- First Time Entrepreneur Workshop. LAVA. LAVA is extremely pleased to announce its next First Time Entrepreneur training program. The program is open to entrepreneurs that are starting companies in areas that are likely to draw venture capital investment. The program is not open to service providers. You are encouraged to apply today for one of the 25 slots open in our workshop.
SAIC Buys Engility For $2.5 Billion In Stock
socalTECH
SEPTEMBER 10, 2018
SAIC , the defense technology integrator with major operations in San Diego, and fellow defense integrator Engility Holdings , based in Chantilly, Virginia, said today that SAIC is acquiring Engility for $2.5 billion in an all-stock transaction. The deal includes assumption of $900M in Engility's debt. The two said the merger will create the second largest independent technology integrator in government services, with $6.5 million of pro-forma 12 month revenues.
Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19
Advertiser: Aggregage
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.
Silicon Beach Report Sept. 10: Air Force investigating Musk
L.A. Business Journal
SEPTEMBER 10, 2018
Musk’s pot podcast draws Air Force scrutiny; WorldStar joins Snapchat’s story platform; Momentum IoT raises $3.
Shamrock Capital Backs Pixellot In $30M Funding
socalTECH
SEPTEMBER 10, 2018
Los Angeles-based private equity investor Shamrock Capital reports this morning that it has led a $30M investment in Pixellot , an Israeli firm developing automatic, artificial intelligence-driven software for producing streaming sports video. The funding was led by Shamrock, and also included other, existing, un-named investors. Pixellot has now raised more than $40M in funding.
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Momentum IoT Raises $3.1M
socalTECH
SEPTEMBER 10, 2018
Long Beach-based Momentum IoT , a developer of telematics products for tracking trucks, trailers, heavy equipment, and other assets, has raised $3.1M in a funding round, the company said this morning. The funding was led by Howard Edmund Capital, and also included Thompson Aerospace. The company said the funding will go towards launching the newest generation of its IoT solutions.
Veritone Buys AI Developer Machine Box For Up To $5.0M
socalTECH
SEPTEMBER 10, 2018
Costa Mesa-based Veritone , which develops artificial intelligence software, said today that it has acquired Machine Box , a developer of machine learning technology. The deal was worth approximately $5.0M, including $2.0M upfront plus up to $3.0M in earn out, split between Veritone stock and cash. Veritone said the deal will help add a range of "cognitive engines" to its offerings, including face and object recognition, text analytics, data classification and personalized recommendation.
Two Bit Circus Opens First Micro Amusement Park
socalTECH
SEPTEMBER 10, 2018
Los Angeles-based Two Bit Circus has officially opened its first "micro amusement park", which features its unique combination of science and technology and carnival games. Two Bit Circus opened up the location on Friday in the downtown Los Angeles Arts District. According to Two Bit Circus, the park is free to enter, and includes everything from a robotic bartenders to immersive entertainment and multi-person virtual reality experiences, to "molecular mixology and inventive eats.
SpaceX Delivers Telstar Vantage 18 To Space
socalTECH
SEPTEMBER 10, 2018
Hawthorne-based SpaceX successfully delivered another payload into space in the early hours of the morning, from Cape Canaveral Air Force Base. SpaceX launched the satellite payload at 12:45 a.m. EDT from Space Launch Complex 40 (SLC-40), deploying the satellite into Geostationary Transfer Orbit (GTO) approximately 32 minutes after its liftoff from Florida.
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