Wed.Feb 13, 2019

Former Snap employees are launching Forge Platform for Ethereum devs

TechCrunch LA

Chris Lorenz, Geoffrey Anderson, and James Borow may have spent their days over the past few years working at Snap, but on nights and weekends Anderson and Lorenz were laboring on a different project — improving Ethereum development tools. .

TuSimple Takes $95M For Autonomous Trucking Technology

socalTECH

TuSimple , a developer of autonomous trucking technology which has offices in San Diego and in China, said on Wednesday that it has raised $95M in a Series D funding round. The funding came from Chinese investors SINA Corp. and Composite Capital. TuSimple says it has now raised a total of $178M. The new funding values the company at $1 billion. The company was founded in 2015.

CTO Mixer Cruise w/ Google's Denny Vrandecic Speaking about Wikidata and more

SoCal Tech Calendar

Tuesday, February 19, 2019 -- CTO Mixer Cruise w/ Google's Denny Vrandecic.On Tuesday, February 19th @ 6pm, LA CTO Mixers will set sail with Google's Denny Vrandecic who will be giving a presentation on Wikidata and beyond, followed by a demo by John Herzog on the use of screen readers. See [link] (more

TigerConnect Teams With OpenTempo

socalTECH

Santa Monica-based healthcare communications software developer TigerConnect has inked a partnership with physician scheduling and labor analytics software developer OpenTempo , the two announced today in a deal which will provide closer integration between their tools. Financial details of the deal were not announced.

Start-Up Options for Rapid Development, Funding, and Commercialization

SoCal Tech Calendar

Tuesday, February 19, 2019 -- Start-Up Options for Rapid Development, Funding, and Commercialization. Is VC funding the only way to develop and grow your company? Have you heard of accelerators, incubators, angles, and other resources for rapid development, funding, and growth of your start-up? Attend our LAVA event on February 19th as our distinguished panel will share their expertise and insight. See [link] (more

LAVA 100

JibJab Acquired By Catapult Capital

socalTECH

Los Angeles-based JibJab , which provides animated, personalized greeting cards and other social content, has been acquired by private equity investor Catapult Capital LLC , Catapult Capital announced this morning. Financial terms of the deal were not announced. JibJab's stable of electronic greeting cards allow users to send personalized videos for such things as birthdays, holidays, and other events.

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Cornerstone OnDemand Opens New Office In Utah

socalTECH

Santa Monica-based cloud-based human capital and resources management software developer Cornerstone OnDemand announced this morning that it has opened up a new office in Utah, where it expects to hire up to 350 people. According to Cornerstone OnDemand, the new, 26,000 square foot office is in Sandy, Utah, which is a suburb of Salt Lake City in an area where the tech industry refers to itself as the "Silicon Slopes".

Mission Edge Taps 10 Businesses for “Social Enterprise” Accelerator

Xconomy

Mission Edge, a nonprofit organization backed by the San Diego Foundation and three corporations, has chosen 10 companies and organizations to participate in a 12-week program intended to improve each entity’s financial performance, and thereby long-term sustainability. Called the Social Enterprise Accelerator and Impact Lab (SAIL), the program has previously taken place twice.

Insights and Opinions: Everything's On Fire.Every Day!

socalTECH

For our Insights and Opinions section today, we have a contribution from entrepreneur Braven Greenelsh , who talks about how--if you're an entrepreneur--you have to realize that sometimes, everything is on fire, every day. If this title scares you, then you shouldn't launch a startup. The main difference between a startup and a small business is the former has professionals funding it and is concerned with long-term growth and viability. It's the quest to go big or go home.

Autonomous Truck Company TuSimple Adds $95M to Rev Up Commercial Fleet

Xconomy

TuSimple has pulled in $95 million more in venture funding to advance its development of a commercial autonomous fleet of trucks.

Forge Platform Finds $1M For Ethereum SDK

socalTECH

Santa Monica-based Forge Platform , which is developing software development kits used for Ethereum, has raised $1M in a seed funding, the company disclosed on Wednesday. The funding came from Manta Ray Ventures and Upfront Ventures. The company was founded by Chris Lorenz, Geoffrey Anderson, and James Borow. CEO Lorenz was previously in Product and Monetization at Snap, and prior to that was SVP of Product at Brand Networks, in addition to serving at a VP at SHIFT.

Activision Blizzard To Slash Almost 800 Employees

socalTECH

Santa Monica-based game developer Activision Blizzard says it is slashing 8 percent of its staff, or nearly 800 employees, as a part of a restructuring effort at the company. The move comes even as Activions Blizzard reported record net revenues in 2018 of $7.50 bllion, up from the $7.02 billion it had in revenues for 2017.

mTAB Buys Slideworx

socalTECH

Anaheim-based mTAB , a developer of data analysis and visualization software, has acquired German company Slideworx GmbH , the company said on Tuesday. Financial terms of the acquisition were not announced. Slideworx develops visual analytics software. mTAB is led by CEO Alex Gelman, and is owned by private equity investor Milestone Partners. Hugo Ehrnreich the CEO of Slideworx, has become President Europe and Global CMO.

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