L.A. Business Journal
JULY 1, 2019
Culver City-based social networking startup Sgrouples Inc., doing business as MeWe, announced it raised $4.5 million in a venture round, bringing its total funding to $15 million since launching in 2012.
Tech.Co
JULY 1, 2019
The e-scooter vandalism pandemic continues, as Portland authorities have reportedly hauled more than 50 e-scooters out of a Portland river last week. E-scooters have begun taking over US cities in recent months, with Chicago being the latest to implement the technology just last month. While the innovative two-wheeled vehicles have given thousands access to affordable means of transportation, as well as quite a bit of fun, many citizens believe they are dangerous, tedious, and generally just get
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socalTECH
JULY 1, 2019
Hawthorne-based SpaceX is hoping to launch the very first, commercial missions for its Starship spacecraft--designed to deliver passengers to Mars--in 2021, according to the company , and is currently in talks with three companies on those missions. All three of those customers would use the new platform to send satellites into orbit. Starship and its Super Heavy launch system are eventually aimed at delivering passengers into space and an eventual mission to Mars.
Startup Professionals Musings
JULY 1, 2019
Many entrepreneurs think that adapting to the new technologies, like smart phones and Internet commerce, are the key to attracting new customers. In fact, businesses need to adapt even more completely to the changes in the buying and social behavior of consumers. High-technology product startups, without customers, don’t make a business. Today’s customer buying dynamics are all about “user experience,” according to Brian Solis, in his classic book “ What’s the Future of Business?
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.
socalTECH
JULY 1, 2019
What if you could reate a roaming band of autonomous, ocean going robots, to help clean up the problem of plastic in our oceans? San Diego-based FreeGen Technologies has developed robot technology which is aimed at automatically cleaning up trash, especially plastic, from the ocean using a fleet of cooperative robots. The company's founders, Saakib Akbany (CEO) and Casey Fitzpatrick (CTO), spoke with us about what the very early stage startup is hoping to do.
Xconomy
JULY 1, 2019
Legendary rock musician and longtime internet evangelist Peter Gabriel has joined the all-star cast of speakers for Net@50 , a historic event celebrating the 50th anniversary of the first net message—while also looking ahead to the internet’s next 50 years. The event, put on by the non-profit World Frontiers Forum in association with Xconomy, takes place the afternoon of July 16 at the MIT Media Lab and will be followed by a gala dinner at Café ArtScience in Kendall Square.
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Xconomy
JULY 1, 2019
Brain Corp., a robotics startup whose technology powers automated floor cleaning machines in retail stores, malls, warehouses, and airports, announced Monday it is opening its first European office in Amsterdam, the largest city in the Netherlands. The Amsterdam office will serve as the company’s regional hub for operations, software development, and research and development, Brain said in a news release.
socalTECH
JULY 1, 2019
Inside Secure , the French company which acquired San Diego-based Verimatrix in March, has renamed itself as Verimatrix , the company announced this morning. The combined company trades on the Euronext Paris as VMX. Inside Secure paid $147M, mostly in cash, for Verimatrix as part of the acquisition deal in March. The two rolled out a new logo and tagline as part of the renaming of Inside Secure to Verimatrix.
L.A. Business Journal
JULY 1, 2019
MeWe raises $4.
socalTECH
JULY 1, 2019
The Cedars-Sinai Accelerator , the startup accelerator associated with Cedars-Sinai, has announced its next class, saying it has added 11 new health-tech companies into its newest accelerator class. According to the accelerator, whichi s managed by Anne Wellington, the teams will spend three months in the Cedars-Sinai Innovation Space, which is immediately across the street from the Cedars-Sinai medical center; all of the startups will received $100,000 in an investment, and present at the accel
socalTECH
JULY 1, 2019
Los Angeles is boosting its ever growing presence in the e-sports industry, with a brand new competitive team for Call of Duty , Activision announced on Monday. According to Activision, it has added two new teams to its Call of Duty league, including one in Los Angeles from the Immortals Gaming Club , and one in Minnesota, operated by WISE Ventures.
socalTECH
JULY 1, 2019
RealWear , a developer of helmet-mounted, wearable Android computers, has scored backing from San Diego-based Qualcomm Ventures , in a $80M funding, the company said this morning. RealWear--which is based in Vancouver, Washington--said it raised $80M in a Series B financing round, which included both equity and debt, and came from JPMorgan Chase & Co., Teradyne, Bose Ventures, Qualcomm Ventures LLC (QCOM), Kopin Corporation (KOPN), and investors from JPMorgan's (JPM) Private Bank.
socalTECH
JULY 1, 2019
Los Angeles-based Gemelli Biotech , a startup focused on discovery of novel diagnostics and therapeutics for the human microbiome, has raised $1.85M, as part of an ongoing $3.0M fundraising effort for the startup, according to a regulatory filing from the firm. Details on the funding have not yet been announced by the company. It's unclear who is backing the company, however, James Laur, Vice President of Intellectual Property at Cedars-Sinai, is listed as a member of the company's board of dire
socalTECH
JULY 1, 2019
San Diego-based Illumina said it has filed three more, patent infringement suits, related to its fight against BGI , this time in Switzerland, Turkey, and the US. According to Illumina, it filed suit against Complete Genomics, Inc. and other BGI entities in the United States District Court for the Northern District of California alleging infringement of U.S.
socalTECH
JULY 1, 2019
Los Angeles-based Verifi , a developer of financial software tools used to reduce chargebacks for merchants, has been acquired by Visa , in order to boost Visa's tools for reducing chargebacks. Financial details of the acquisition were not announced. Verifi develops dispute resolution tools used to help buyers and sellers resolve disputes. Visa said it will integrate Verifi's chargeback tools with its own risk management services, including its service delivered by CardinalCommerce and CyberSour
socalTECH
JULY 1, 2019
Newport Beach-based Rocket Lab launched another set of satellites into space over the weekend, on its seventh launch of its Electron rocket. Rocket Lab places its "Make It Rain" mission into space from its launch complex in New Zealand on Saturday at 04:30 UTC, deploying a payload of satellites booked onto the rocket by satellite ride sharing company Spaceflight.
socalTECH
JULY 1, 2019
San Diego-based Biological Dynamics , a startup that is developing a biomarker testing platform which is smartphone-enabled for use in countries with limited access to testing labs, says it has received a grant award from the Bill & Melinda Gates Foundation. Amount of that award was not announced. According to Biological Dynamics, it is results from point-of-care tests with smartphone data, specifically to help improve healthcare in countries with limited access to sophisticated laboratory t
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