Sat.Apr 27, 2019 - Fri.May 03, 2019

Beyond Meat’s IPO Bags $241M to Make Plant-Based Burgers Mainstream

Xconomy

A Beyond Meat burger is coming to a location near you—and soon. The food technology company’s upsized IPO has raised $241 million to finance plans to bring its plant-based “meat” to more grocery stores and restaurants across the country.

Struggling EV firm Faraday Future gets another financial lifeline with new $225M investment

TechCrunch LA

Editor’s note: This post originally appeared on TechNode , an editorial partner of TechCrunch based in China. It may have lost its original founding team , but the wheels are still rolling for embattled electric vehicle (EV) maker Faraday Future.

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SpaceX Gets FCC Approval On Massive Satellite Constellation

socalTECH

Hawthorne-based SpaceX has received approval from the Federal Communications Commission (FCC), to launch its massive constellation of 1,500 satellites into space, for its planned "Starlink" Internet service. According to SpaceX, its Starlink satellite constellation is aimed a providing "reliable and affordable" broadband service to people around the world.

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How much time do you spend “outside the box?”

Berkonomics

So, you’re managing all that work, all those interruptions, all those texts and pesky emails. You get home at some reasonable hour, kind of tired, and needing a recharge. Sound familiar?

Lime Scooters Being Hacked in Australia

Tech.Co

Pranksters in Brisbane, Australia, have hacked the audio files on rentable scooters owned by transportation startup Lime. At least eight scooters had their messages switched.

Finding Your Startup Lawyer: What Every Entrepreneur Should Know

Xconomy

Successful management of any new enterprise, regardless of industry, is a process demanding of concerted effort to realize opportunity with a finite set of resources.

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PhoenixET Finds Funding For Smart Building Management Software

socalTECH

Aliso Viejo-based PhoenixET , a developer of Internet-of-Things (IoT) products for the smart building market, has raised a round of funding in what it says is a growth capital funding. The funding was led by Spring Lake Equity Partners and Energy Innovation Capital (EIC), and also included existing shareholder Duke Energy. The size of the investment round was not announced by the company.

AdColony Rolls Out $5M In Incentives For App Monetization

socalTECH

Los Angeles-based AdColony has launched a new, $5M fund to encourage mobile app publishers to adopt its in-app monetization tools, the company said on Thursday. According to the firm, its new Advanced Monetization Program (AMP) will provide incentives to encourage the company to adopt its in-app monetization technology.

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USC Marshall Combines MBA, STEM

socalTECH

The University of Southern California (USC) Marshall School of Business is hoping to make its MBA students more attractive to the marketplace--and help its international students--by adding a new "STEM specialization" option for its full time MBA students, the company announced on Wednesday.

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ISSQUARED Buys Network Computing Architects

socalTECH

Los Angeles-base information technology services provider ISSQUARED , which provides security, hybrid cloud infrastructure, networking, and software services, said this morning it has acquired Network Computing Architects (NCA), a provider of IT services to the small and mid-sized business market. Financial details of the buy were not announced. ISSQUARED said the buy will help it extend its coverage with local offices in Washington, Oregon, Texas and California.

Amgen In Precision Medicine Deal With Syapse

socalTECH

Thousand Oaks-based biotechnology giant Amgen has entered into a new collaboration effort, with precision medicine developer Syapse. According to the two companies, they will develop observational research analytics to assess treatment outcomes for areas of unmet need in oncology.

Jobot Expands In Irvine

socalTECH

Irvine-based Jobot , a recruiting startup which says it combines artificial intelligence with human recruiters, says it is expanding in Irvine, and has moved into a new headquarters at The Boardwalk. The startup, led by Heidi Golledge, says it already has 30 employees, and has moved into a space for more than 100 reruiters. Gollege previously was CEO of CyberCoders, and also is CEO and "Chief Happiness Officer" of CareerBliss.

Nimble Adds Sync Features for Microsoft Dynamics 365

socalTECH

Santa Monica-based customer relationship management software developer Nimble is further enhancing its integration with the suite of products from Microsoft, saying on Thursday that it has added automated data synchronization and "data enrichment" for Microsoft Dynamics 365 Business Central, as well as Office 365.

Alorica Opens Office In India

socalTECH

Irvine-based business process outsourcer Alorica said late Thursday evening that it has opened up an office in India, and esablished a new "innovation lab" in the country. According to Alorica, the new innovation lab will be based in Bengaluru, which it will call its "Digital Center of Excellence". Alorica said it will use the new facility to be able to utilize India's talent pool.

Clearlake Capital Buys Operations Management Software Developer

socalTECH

Santa Monica-based private equity investor Clearlake Capital has acquired a Cary, North Carolina-based developer of operations management software, Dude Solutions. According to Clearlake Capital, it acquired Dude Solutions from its prior, private equity investor, Warburg Pincus. Financial details of the transaction were not announced.

Tinder Rolls Out Festival Mode Feature

socalTECH

Los Angeles-based dating app developer Tinder is making it easier to hook up with a "special friend" at music festivals this summer, saying it has launched a new in-app feature called Festival Mode. According to Tinder, the new feature will let its users "connect" with other music fans ahead of music festivals, including AEG's Hangout Fest, All Points East, Firefly and British Summer Time, among others.

BlackLine Expands Customer Base

socalTECH

Los Angeles-based financial software developer BlackLine said on Thursday that it has expanded its customer base, adding such notable customers as Volvo, Waymo, AstraZeneca, the operator of Applebee's, and many others to its list of 2,700 companies who are using its products.

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LA's Beyond Meat Sees Huge Pop In IPO Debut

socalTECH

Beyond Meat , the developer of plant-based, meat alternatives--including a popular, ground burger-like product--saw a huge pop on its IPO debut on Thursday, closing up 163 percent, at $65.75 per share in its first day of trading. The company's stock is continuing to rise in after-hours trading after it debuted on the Nasdaq Global Select Market as BYND. The company--which priced at $25.00

Beyond Meat Soars In IPO Debut, Now Worth Over $3.3 Billion

socalTECH

Los Angeles-based Beyond Meat , the developer of plant-based, meat alternatives, has soared in its IPO debut, trading as high as $58.90, or 135.6 percent over its IPO price of $25.00 per share. The company's first trades on Thursday morning were at $46.00 per share. The company is now valued at over $3.383 billion. Beyond Meat priced well above its initial $19.00 to $21.00 IPO pricing range. Beyond Meat's IPO was underwritten by Goldman Sachs & Co. LLC, J.P.

SpaceX Confirms Crew Dragon Destroyed In Testing Mishap

socalTECH

Hawthorne-based SpaceX confirmed on Thursday that its Crew Dragon capsule, designed to carry astronauts into space, was destroyed in the accident last month during testing. Videos of the destruction of the capsule were leaked , apparently by either a NASA employee or a NASA contractor last week. SpaceX said the accident occurred during an activation of the capsule's escape system thrusters, which are designed to bring the Crew Dragon back to earth in the case of an accident.

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Hulu Ups Subscribers To 26.8M Paid Subscribers, Bingeing Drives Ad Dollars

socalTECH

Los Angeles-based streaming television service Hulu says it has upped its total number of customers to 28 million in total, with 26.8 million of those being paid subscribers. The company shared the subscriber numbers as part of a presentation at its annual "Hulu Upfront" event in New York City. According to Hulu, it is also seeing increasing average time per subscriber, with an increase of more than 20% in 2018.

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Trovata.io Finds $5.5M For Automating Cash Management

socalTECH

San Diego-based fintech startup Trovata.io , which is developing software to automate cash management, has raised $5.5M in a seed funding round, the company said this week. The funding was co-lead by FINTOP Capital and JPMorgan Chase. According to Trovata.io, the funding will go towards ramping sales and accelerating product development for its treasury management software.

Solarflare Acquired By Xilinx

socalTECH

Irvine-based Solarflare , a developer semiconductor used for high performance, low latency networking, has been acquired by San Jose-based Xilinx. Financial details of the acquisition were not anounced. According to Xilinx, the deal will help the company accelerate its "data center first" strategy. Solarflare's network interface cards are used in cloud computing, fintech, and other data center applications, where applications require low latency network access.

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VideoAmp Pulls In $70M Funding Round

socalTECH

Santa Monica-based advertising startup VideoAmp said on Wednesday that it has raised a big $70M funding round, led by the Raine Group, and also included Ankona Capital, Mediaocean, and RTL Group. The company, which develops cross-platform advertising, said it will use the funding to build out its team, as well as for acquisition. As part of the funding, Peter Liguori (former CEO of Tribune Media) joins the company's board of directors. VideAmp has now raised $106.6M in total.

Semtech Upgrades Audio Visual Streaming Chipset

socalTECH

Camarillo-based analog and mixed signal semiconductor developer Semtech has rolled out an upgrade to its audio vidual streaming chipsets, saying that its new BlueRiver AV-over-IP chipsets include such features as thumbnail preview streams, bitmap overlaps, Dolby Vision support, and more. The chipsets are used by AV equipment manufacturers to stream video and audio over Ethernet networks.

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SpaceX's Next Launch To ISS Delayed

socalTECH

A new launch of supplies to the International Space Station by Hawthorne, California-based SpaceX has been delayed, on request of NASA. According to NASA , it ran into a power system glitch on the ISS on Monday, and has shifted the window for the SpaceX launch no earlier than Friday, May 3rd.

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Bird Debuts Monthly Scooter Rentals In SFO, Barcelona

socalTECH

Really love using that electric scooter parked outside your office? Santa Monica-based scooter rental service Bird has just started offering up its scooters on a monthly basis--rather than per-use--in a test in San Francisco and Barcelona. According to Bird, it will allow its users to rent Bird scooters for a month, or more , for a mere $24.99 a month in San Francisco, letting riders use the scooters for unlimited rides and letting users store those scooters at home.

LegalZoom Founder Brian Liu Talks About His New Legal Startup, BizCounsel

socalTECH

What's the best way to get legal advice, if you're a small business? Brian Liu , the co-founder and CEO of a new startup, BizCounsel , was the co-founder of LegalZoom, and thinks there can be a new way that every business owner can get access to dedicated business attorneys for legal work. The startup offers up legal advice for just $59 per month for small business owners, matching them with business attorneys for legal work and one-on-one advice.

Specright Picks Up $8.8M For Specifications Software

socalTECH

Irvine-based Specright , a developer of specification data management software, has raised $8.8M in a Series A funding, according to the company. The startup said the funding was led by Pritzker Group Venture Capital (PGVC), and also included Okapi Venture Capital, Fika Ventures, and Mucker Capital. Gabe Greenbaum of Pritzker Group Venture Capital will join the company's board alongside the funding.