Sat.Jun 29, 2019 - Fri.Jul 05, 2019

Mercato Finds Funding For Grocery Delivery


San Diego-based Mercato , which provider online ordering and delivery services to independent grocery stores, has raised a round of funding from Greycroft, the company said this week. The funding also included prior investor Loeb Enterprises, an investment fund managed by Michael Loeb, best known for its funding and development of Size of the investment was not announced.

Bird investor Upfront Ventures eyes $250M growth fund

TechCrunch LA

Upfront Ventures , a Los Angeles-based venture capital firm, has filed paperwork with the U.S. Securities and Exchange Commission to raise its third growth-stage investment fund.

SpaceX Plans First Commercial Flights Of Starship In 2021


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.

SpaceX 135

More Than 50 E-Scooters Pulled From Portland River


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.

Can you name the two most powerful words for business?


Here’s a puzzle where the answer come first. Help me.”.

Social Networking Startup MeWe Raises $4.5 Million

L.A. Business Journal

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

More Trending

USC Viterbi Data Analytics Boot Camp Demo Day

SoCal Tech Calendar

Tuesday, July 9, 2019 -- USC Viterbi Data Analytics Boot Camp Demo Day. The USC Viterbi Data Analytics Boot Camp is the latest non-degree continuing education offering for the Viterbi School, training working professionals on key skills in the field of data analytics.

USC 100

The Next Internet: Usability Guru Don Norman Calls for Starting Over


[ Editor’s note: This is part of a series examining the internet’s first 50 years and predicting the next half century. Join Xconomy and World Frontiers Forum on July 16 for Net@50 , an event exploring the internet’s past and future. ]

.Net 94

Aging Cars May Rev Up Local Firm

L.A. Business Journal

AUTOS: Aftermarket parts seller projects solid growth


Video Interview: FreeGen Technologies And How Its Robots Can Clean The Oceans


What if you could reate a roaming band of autonomous, ocean going robots, to help clean up the problem of plastic in our oceans?

CTO 149

Cedars Program Attracts Innovators

L.A. Business Journal

Health care accelerator includes local startups

LA Firms Lead VidCon

L.A. Business Journal

Fullscreen, Snap, UTA highlight conference lineup

Silicon Beach Report July 3: Riot Games IBC Award Finalist

L.A. Business Journal

EVConnect Backs Australian Charging Network; Riot Games Finalist for IBC Award; Faraday Future Employees Flee to Rivian

Silicon Beach Report July 2: Upfront Ventures Finances New Fund

L.A. Business Journal

Boring Co. hires in Las Vegas; LightSail mission continues; Upfront finances sixth fund

Silicon Beach Report July 1: MeWe raises $4.5 million

L.A. Business Journal

MeWe raises $4.5 million; Pluto TV launches Spanish programming; Netflix and Sony adapting video games for television

j2 Global Aims At Heathcare Documentation


Los Angeles-based j2 Global , and its subsidiary, j2 Cloud Services , is taking aim at the healthcare documentation and medical data market, with a new service called MyHealth Inbox. According to j2 Cloud Services, the new, free service lets patients securely receive their medical information into a cloud-based account, using its cloud faxing technology.

Upfront Ventures Plans New $250M Fund, Upfront Growth III


Santa Monica-based Upfront Ventures has launched an effort to raise a new fund, worth $250M, according to a regulatory filing by the firm. According to that filing, Upfront's new fund, Upfront Growth III, L.P. does not yet have any committed investors, and is led by Mark Suster and Yves Sisteron. Upfront has not detailed any information about the fund, as is usual for venture investors in the midst of fundraising.

EV Connect To Power EV Charging Network In Australia


Los Angeles-based electric vehicle (EV) charging network operator EV Connnect has put its backing behind a new, Australian startup, Evie Networks , which is looking to create its own network of ultra-fast EV chargers down under. According to EV Connect, it is joining the St Baker Energy Innovation Fund to back Evie Networks, to create an ultra-fast highway charging network in Australia.

HelpJess Combines Video Chat With Retail Shopping


Newport Beach-based startup HelpJess announced on Monday that it has launched a new service, which combines video chat with retail shopping. The company said its tool allows shoppers to live, video chat with brick-and-mortar retail stores through an app, connecting shoppers to in-store staff at retailers. According to the new service--owned by open4sale USA--it is initially offering up its service to designer stores in Los Angeles, New York, Milan, Paris, and Hong Kong, as well as Singapore.

Tool 108

Elon Musk's Boring Company Ramps Efforts, Hiring In Las Vegas


The Boring Company , the Los Angeles company working on advanced transportation systems, which is led by technology mogul Elon Musk, says it is ramping up efforts in Las Vegas, and is actively hiring for a significiant number of positions in Las Vegas, as well as Hawthorne. According to The Boring Company, the jobs include positions in everything from Civil Engineering and Electrical Engineering to Security Guards and more.

Inside Secure Becomes Verimatrix


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.

Cedars-Sinai Accelerator Names New Class


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.

Class 108

LA Gets New Call of Duty Team, From Immortals


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.

Qualcomm Backs Startup's Head Mounted, Wearable Computers


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.

Gemelli Biotech Picks Up $1.85M In Ongoing Funding


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.

Illumina Sues Complete Genomics, Others Over Patent Infringement


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. Patent Nos.

Verifi Acquired By Visa


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.

Tool 108

Rocket Lab Launches Another Mission Into Space


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. According to Rocket Lab, it was able to successfully deploy all of the payloads on the seventh Electron launch.

SpaceX 108

Biological Dynamics Gets Funding From Bill And Melinda Gates Foundation


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.

Sample 108

Social Network Adds Funding

L.A. Business Journal

TECH: Startup MeWe sees 30 million users by year end