socalTECH

MAY 25, 2018

Greycroft Ventures , which has a big presence in Los Angeles, has backed Silicon Valley-based BlueCart , a developer of machine learning software and other tools for the hospitality industry, to the tune of $5M. BlueCart said this week that it raised $5M in its Series B-1 funding, bringing its total raised to $22M. Dana Settle, the LA-based co-founder and Managing Partner of Greycroft, has joined BlueCart's board as an observer, with fellow Greycroft venture capitalist Bo Peabody joining BlueCar

Artificial Inteligence 189

Artificial Inteligence Funding Sales Los Angeles 189

Tech.Co

MAY 25, 2018

If you’re an early-stage entrepreneur, technology has served you well. The barriers to entry when it comes to launching a company require less tension and a lot less capital. In fact, for the most part, all you need is a laptop and Wi-Fi connection. Still though, when founders are seeking funding, “ 75 percent of the venture capital goes to three states: Massachusetts, New York, and California,” said Steve Case in an interview with Recode.

Startup 141

Startup Technical Review Competition Software Review 141

socalTECH

MAY 25, 2018

One of Southern California's promising startup entrepreneurs, Jason G. Crilly --the co-founder of RYSE UP and co-founder of NearWoo--has passed away, according to friends and families. Crilly passed away last weekend. According to posts on his now-memorialized Facebook page, Crilly took his own life, which some attributed to the stress of startup life, along with other factors.

CTO Coach 185

CTO Coach Southern California Santa Monica Mentor 185

L.A. Business Journal

MAY 25, 2018

Proterra raises $100 million for electric buses; new european data privacy regs wreak havoc on U.S. sites; L.A.

Report 100

Report Sites 100

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.

Company

socalTECH

MAY 25, 2018

Grail , the spinout of San Diego-based life sciences equipment maker Illumina , has raised $300M more in funding, the company said this week. The startup is developing blood testing technology which uses DNA analysis to help in early detection of cancer. The funding came from Ally Bridge Group, Hillhouse Capital, 6 Dimensions Capital, Blue Pool Capital, China Merchant Securities International, CRF Investment, HuangPu River Capital, ICBC International, Sequoia Capital China and WuXi NextCODE.

San Diego 127

San Diego Capital Invest Funding 127

Xconomy

MAY 25, 2018

A few years before the presidential election of 2016, with all its Wikileaks, Russian disinformation campaigns, and phony Facebook links, San Diego’s Mitek Systems (NASDAQ: MITK made a strategic decision to expand into identity verification technology. Funny how things work out. While mobile banking technology still represents 60 percent of Mitek’s business, COO Kalle Marsal said Thursday the company’s identity verification technology is now its fastest-growing business.

Mobile 55

Mobile Technology Software Artificial Inteligence 55

socalTECH

MAY 25, 2018

Converge Technology Partners , the IT technology provider which acquired Agoura Hills-based Key Information Systems in April, said this week that it has acquired another company-- BlueChipTek , a technology solutions provider based in Silicon Valley. Financial terms of the acquisition were not announced. BlueChipTek focuses on data center infrastructure integration.

Agoura Hills 113

Agoura Hills Agoura Technology Acquisition 113

socalTECH

MAY 25, 2018

Carlsbad-based radio frequency (RF), analog, and mixed signal integrated circuits maker MaxLinear as scored a design win with a manufacturer of a digital video recorder (DVR). According to MaxLinear, Nuvyyo has seleced one of its chips for a new DVR product, which streams live HDTV and records over-the-air (OTA) content. Estimated shipment volumes for the device were not announced.

Design 100

Design Content Product 100

socalTECH

MAY 25, 2018

Carlsbad-based FMT Consultants announced on Thursday that it has acquired an Orange County IT services provider, Red Sky Solutions. Financial details of the acquisition were not announced. Red Sky Solutions was founded in 2003 by Daryl Garcia and Dave Stone, and specifically focused on Salesforce implementation. FMT Consultants is led by CEO Eric Casazza.

Orange County 100

Orange County Acquisition Custom Customer 100

socalTECH

MAY 25, 2018

Santa Monica-based dockless scooter startup Bird , which is backed by Valor Equity Partners, Index Ventures, Craft Ventures, Goldcrest Capital, Tusk Ventures and Upfront Ventures, is facing a temporary pullback in San Francisco, after San Francisco issued new rules to obtain a permit in the city. Bird, along with competitors Lime and Spin, has already peppered San Francisco with its "last mile" transportation scooters, which users can unlock and use using their smartphone.

Company 100

Company Companies Santa Monica Equity 100