Sat.Nov 10, 2018 - Fri.Nov 16, 2018

Vertebrae Launches Augmented Reality E-Commerce Platform

L.A. Business Journal

Santa Monica-based augmented reality advertising and software provider Vertebrae announced Nov. 12 the launch of its new e-commerce AR platform, Axis

SpaceX Authorized To Launch Massive, 7,518 Satellite Constellation

socalTECH

Hawthorne-based space launch provider SpaceX , led by technology mogul Elon Musk, has just been given permission to launch a massive, 7,518 satellites into space, designed to provide saturated broadband communications across the globe. The FCC said on Thursday that it would allow the new, SpaceX satellite constellation, on top of another 4,425 satellites it already had been given permission to deploy into space.

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The top 10 cities for $100M VC rounds in 2018 so far

TechCrunch LA

Jason Rowley. Contributor. Jason Rowley is a venture capital and technology reporter for Crunchbase News. More posts by this contributor. The SaaS VC gap: China & other markets trail the US. Early-stage SaaS VC slip snaps recovery as public software stocks soar.

The most satisfying life journey is never about the money.

Berkonomics

Allow me to reminisce. This is the final post of this cycle. Next week we return to the start of the journey, focusing upon the “what and how” to ignite a successful enterprise from start-up to exit. But, for this short moment…. Looking back over an entrepreneur’s journey.

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ServiceTitan Secures $165M From Venture Capital Group to Expand

L.A. Business Journal

Glendale-based ServiceTitan Inc. has secured $165 million in funding from a venture capital group to build out its home services software firm through acquisitions and moves into new markets

Southern California's Woolsey Fire, As Seen From Space

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More Trending

Nebula Genomics Touts Free DNA Sequencing to Coax Health Data Sharing

Xconomy

A growing number of startups are trying to encourage people to share genomic and other health data for research purposes by offering them some form of compensation. Now, as competition in this young sector ramps up, one of the big questions is what type of incentive will attract the most individuals.

Silicon Beach Report Nov. 16: Sony Skipping E3

L.A. Business Journal

SpaceX launches communications satellite; Sony bows out of E3 but Activision and Warner Bros. are in; Boring Co. accused of withholding tunnel information

Rocket Lab Successfully Launches Payload To Space

socalTECH

Huntington Beach-based Rocket Lab , one of Southern California's new crop of space and rocket startups, has launched its first commercial payload to space, successfully sending its first paying payload to space on Sunday.

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Jam City, Disney In Mobile Gaming Partnership

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Los Angeles-based mobile game developer Jam City --which is led by former MySpace founder Chris DeWolfe--has inked a new mobile game development partnership with Disney , the two companies said this morning. According to Jam City and Disney, Jam City will take over development of Disney's existing, mobile game, Disney Emoji Blitz, and Jam City will have the right to develop new mobile games based on characters from Pixar and Walt Disney Animation Studios.

HyperX Gets Naming Rights On New Las Vegas Esports Arena

socalTECH

Fountain Valley-based computer gaming products maker HyperX , which is a division of Kingston Technology, said it has partnered with global e-sports entertainment firm Allied Esports , to obtain the naming rights for a new, e-sports areana based in Las Vegas at the Luxur Hotel & Casino. According to HyperX, the new arena will be called the HyperX Esports Arena Las Vegas , in an exclusive, multiyear naming rights partnership. Financial details of the deal were not announced.

Cylance Acquired By BlackBerry For $1.4 Billion

socalTECH

Irvine-based cybersecurity software developer Cylance has been acquired by BlackBerry , in a deal worth $1.4 billion in cash, BlackBerry announced this morning. Cylance, develops artificial intelligence-based cybersecurity software, which detects and reacts to cybersecurity threats. Cylance was co-founded and is led by Chairman and CEO Stuart McClure.

Semtech Gets Design Win In India

socalTECH

Camarillo-based Semtech , the developer of analog and mixed signal semiconductors, announced a design win in India this morning, with Indian startup EasyReach Solutions. Semtech said that EasyReach will use its LoRa wireless radio frequency technology into its industrial and smart vehicle monitoring products. The company's technology will used by EasyReach in sensors for steam traps, concrete mixers, forklifts, diesel tankers, back hoes, water meters, and trucks, according to Semtech.

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Lovell Minnick Partners Buys SRS Acquiom

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Lovell Minnick Partners , a private equity investor which has one of its offices in Los Angeles, has acquired a majority of SRS Acquiom , a provider of technology-enabled services for the mergers and acquisition (M&A) market. Financial details of the acquisition were not announced.

Semtech Gets Design Win

socalTECH

Camarillo-based analog and mixed signal semiconductor developer Semtech announced a design win this morning, saying that smart home technology developer Savant is using the company's chips in a design. According to Semtech, Savant is using its BlueRiver AV-over-IP chipsets for a new IP video product line. Those products provider 4K video over IP to residential and commercial markets. Shipment volumes and financial impact of the win were not announced. READ MORE>>.

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WeRecover Finds $2M For Addiction Recovery Search

socalTECH

Santa Monica-based WeRecover , a startup which operates an online search site to help people find addiction recovery centers, has raised $2M in a funding round, the company said this week. The funding was led by Crosslink Ventures, and also included Box Group, Wonder Ventures, and Struck Capital. According to the firm, its search engine uses an algorithm to help tie people into accredit rehab centers based on the budget, insurance, clinical needs and location.

Netflix To Shut Down Service On Wii

socalTECH

Netflix , the streaming movie and television service which has significant operations in the Los Angeles area, told its users over the weekend that it will be shutting down access to its service from Nintendo's venerable Wii gaming console. According to Netflix, it is shutting down its services ahead of Nintendo's announced closing of the Wii Shop Channel on Nintendo Wii in 2019. Netflix said that services on the console will only be available until January 31, 2019.

Greycroft Invests $20M In Freight Marketplace

socalTECH

Los Angeles- and New York-based venture capital investment firm Greycroft Ventures is the lead investor in a new, online marketplace for the freight and trucking industry. According to Scottsdale, Arizona-based startup Emerge , it has raised $20M in a seed funding round, which was led by Greycroft, as well as other existing investors.

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Voxox Center Of Massive SMS Data, Security Breach

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San Diego-based VoxOx , a provider of cloud-based communications services, has been caught at the center of a massive breach of SMS messaging security , after security researchers discovered VoxOx had left open one of its servers--allowing the security researchers to see--in real time--millions of SMS messages between VoxOx customers and others.

Rocket Lab Finds $140M For Satellite Launch Platform

socalTECH

Huntington Beach-based Rocket Lab said on Thursday that it has raised a big new funding round, worth $140M, in its Series E funding round. The funding was led by Future Fund, and also included Greenspring Associates, Khosla Ventures, Bessemer Venture Partners, DCVC (Data Collective), Promus Ventures, K1W1, pluse the Accident Compensation Corporation of New Zealand. The funding brings its total raised to more than $288M.

Silicon Beach Report Nov. 15: Snap Subpoenaed

L.A. Business Journal

SpaceX internet satellites approved; WeRecover gains $2 million; Snap complies with request for IPO details

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Nimble Launches Upgraded Android App

socalTECH

Santa Monica-based customer relationship management (CRM) software developer Nimble has launched a newly upgraded Android version of its app, saying on Wednesday that its new Mobile CRM 3.0 for Android includes new enhancements and integration with Office 365 and G Suite.

ACEA Biosciences Acquired By Agilent For $250M

socalTECH

San Diego-based ACEA Biosciences , a developer of cell analysis tools, has been acquired by Agilent Technologies for $250M in cash. Agilent said it completed the acquisition late Wednesday. ACEA develops two platforms used for cellular function and metabolism measurements, used in. immuno-oncology, pre-clinical drug discovery and development, and basic academic resaerch. ACEA was founded in 2002, and in addition to its San Diego headquarters also has operation sin Hangzhou, China.

ServiceTitan Gets $165M More, At $1.65 Billion Valuation

socalTECH

Glendale-based ServiceTitan , which develops software used by home services contractors to manage their businesses, has raised $165M in its Series D funding, the company said on Wednesday, giving the company a $1.65 billion post-money valuation. The funding was led by Index Ventures, and also included Dragoneer, T. Rowe Price, Battery Ventures, Bessemer Venture Partners and ICONIQ Capital. The company said the funding will go towards "rapid growth", and to expand product and to hire talent.

Silicon Beach Report Nov. 14: $165 Million for ServiceTitan

L.A. Business Journal

Netflix tries mobile-only subscription; Snapchat drops prices for AR ads; ServiceTitan brings total funding to $326 million

ListReports Gets $555,000 In Debt Funding

socalTECH

Orange, California-based ListReports , a startup developing real estate marketing products for realtors and mortgage loan officers, has raised $555,000 in a debt funding round, from lender Lighter Capital. According to Lighter Capital, its investments in ListReports now exceeds $2M, as it has increased its funding limit for the startup to $3M. Terms of the debt funding were not announced. Lighter Capital is a "revenue-based" financing provider for startups. READ MORE>>.

Tinder's Chief Product Officer Back To Startups

socalTECH

Brian Norgard, who was Chief Product Officer at Los Angeles-based dating app developer Tinder , has left the company, and will be starting up a new company, Norgard said today. Norgard had been founder of messaging startup Chill, the maker of Tappy, which was acquired by Tinder in 2014. Norgard has been a longtime Los Angeles startup entrepreneur. READ MORE>>. tinder chief product officer brian norgard executive startup

Myotek Acquires Amptech

socalTECH

Irvine-based Myotek , a manufacturer of automotive OEM vehicle lighting products, has acquired Michigan-based Amptech , a manufacturer of circuit boards and electronic assemblies, according to private equity investor New Water Capital, L.P. Financial details of the acquisition were not announced. Amptech was founded in 1980, and is based in Manistee, Michigan, where it designs, engineers, and manufactures circuit boards for the automotive, utility, and other industrial markets.

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Silicon Beach Report Nov. 13: LA Out in Amazon HQ Bid

L.A. Business Journal

Google opens office doors to historic Playa Vista office; SpaceX honors first African-American NASA trainee; LAEDC predicts prosperity without Amazon

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Scientist.com Expands In Asia

socalTECH

San Diego-based outsourced, scientific services marketplace Scientist.com said this morning that it is expanding in the Asia-Pacific region, and has opened up a new office in Tokyo, Japan. According to the firm, it recently created marketplaces for several Japanese pharmaceutical companies. The company said it is opening up a office in Tokyo at the Nihonbashi Life Sciences building, where UC San Diego and other major life sciences companies also house international offices. READ MORE>>.