Sat.May 07, 2022 - Fri.May 13, 2022

Let’s not confuse big data with knowledge!

Berkonomics

There’s a famous intersection in Tokyo, Shibuya Crossing, where thousands of people cross each day, seemingly in random directions. Here’s the test: try to follow one person in his or her journey. That would be like picking a piece of information form a maze.

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Insights For Business Leaders Who Manage By Autocracy

Startup Professionals Musings

Trying to be a business leader by instilling fear in your employees and partners is never a good approach, but it is particularly devastating in a startup.

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Why Massive Cryptocurrency Selloffs Highlight a Tech Industry Downturn

Tech.Co

As of Thursday, the entire cryptocurrency sector has plummeted, losing $200 billion across the entire market within a day.

Synoptek Acquires Macquarium

socalTECH

Irvine-based Synoptek, a business and technology consulting firm, said this week that it has acquired Macquarium, a business consulting and development services firm. Financial terms of the acquisition were not announced. Macquarium's customers include Southern Company, Norfolk Southern, Snap-on-Tools, Home Depot, MGM, Equifax, UPS, Wells Fargo and others. synoptek macquarium business consulting technology development merger acquisition

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Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19

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.

10 Startup Founder Decisions That Have No Good Answer

Startup Professionals Musings

Most entrepreneurs struggle with many startup founders quandaries in building their business, and these key dilemmas are probably the biggest source of pain and failure for the entrepreneur lifestyle.

USC 100

8 Ways To Increase Worker Buy-In And Customer Service

Startup Professionals Musings

Most businesses spend big money testing their brand logo, catchy marketing phrases, and demographics, but spend little time training and validating that their employees can and do deliver exceptional experiences to their customers.

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10 Ways To Be An Entrepreneur Who Endures And Thrives

Startup Professionals Musings

As the economy rebuilds after some tough economic times, more and more people seem to be turning to entrepreneurship and their dream lifestyle as an alternative to traditional employment.

Elon Musk Gets Cold Feet, Puts Twitter Deal On Hold

socalTECH

Elon Musk appears to have gotten cold feet--or perhaps, is angling to lower the price--on his deal to acquire popular social media app Twitter. According to a post by Musk, who is CEO of Hawthorne-based SpaceX, he is putting the "Twitter deal temporarily on hold", after seeing details on how many users on the service are actually spam or fake accounts.

LACI Showcased In London, LA Cleantech Effort

socalTECH

London and Los Angeles political leaders showed up at the Los Angeles Cleantech Incubator (LACI), saying this week that they will be working together to tackle the climate emergency and air pollution.

SpaceX Rolls Out Starlink Internet To 32 Countries

socalTECH

Hawthorne-based SpaceX has expanded availability of its Starlink satellite-based internet service to a total of 32 countries, the company said on Thursday. According to the company, it is now providing its service to Australia, Chile, US, Canada, Europe, Brazil, and elsewhere, an expansion from 25 countries supported in February. SpaceX started rolling out international support last September. spacex starlink internet international expansion satellite

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Halozyme Therapeutics Clears Hart-Scott-Rodino Hurdle

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San Diego-based biopharmaceuticals firm Halozyme Therapeutics said today that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 for its proposed acquisition of Antares Pharma has expired. The company said its deal still remains subject to various conditions. Halozyme offered to acquire Antares Pharma for $5.60 per share in cash on April 26th. The deal is worth approximately $960M in total. halozyme therapeutics merger acquisition antares pharma pharmaceuticals

Viasat Selected By Southwest Airlines

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Carlsbad-based satellite Internet provider Viasat said on Wednesday that it has been selected by Southwest Airlines. Viasat said that Southwest Airlines has selected its next genneation Ka-band satellite for in-flight connectivity on all of Southwest's new aircraft deliveries, starting this fall. Financial impact of the win was not announced. viasat southwest airlines kaband satellite

Bird Looks To Google's AR For Better Scooter Parking

socalTECH

Santa Monica-based micromobility provider Bird has rolled out a new plan to get people to park the company's scooters in better location, tapping augmented reality technology from Google. According to Bird, it has launched something called "Bird VPS" (Visual Parking System), which uses Google's augmented reality APIs to geo-localize parked scooters. The company said it is using that AR technology, and Google Street View to detect and prevent improper parking.

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Linewize Acquires Qustodio

socalTECH

San Diego-based K-12 cyber safety software developer Linewize said today that it has acquired parental control software developer Qustodio, in a deal worth $52M. The acquisition came via Linewize's parent company, Family Zone. The company said Qustodio has more than 4 million users, with deals with telecom operators in such countries as Spain, France, Singapore, Mexico, Japan, Brazil and Chile.

BLAZE Acquires Greenline

socalTECH

Newport Beach-based cannabis software developer BLAZE Solutions said on Tuesday that it has acquired a Canadian software compaany, Greenline. Financial terms of the acquisition were not announced. Greenline is based in Vancouver, and builds point-of-sale (POS) software for dispenaries. BLAZE said the acquisition will help it to better serve its international clients, while also enabling the Company to gain experience operating in Canada's federally regulated marketplace.

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OStream Gets With With Department Of Defense

socalTECH

Lake Forest-based OStream. ostream department defense artificial intelligence vision recognition port hueneme

Report: Canoo May Not Have Enough Money To Stay In Business

socalTECH

Canoo, the pie-in-the-sky electric vehicle startup which fled Los Angeles for Arkansas in June of 2021, apparently "may not have enough money to stay in business", according to a report. The report, from TechCrunch, says Canoo has been burning through cash and has no near-term revenue, and is currently grappling with the exit of its co-founders, legal issues, an SEC investigation and production delays. deadpool bentonville cleantech arkansas factory vehicle electric canoo

Prismpop Picks Up $5M For Social Shopping

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Pasadena-based Prismpop announced this morning that it has raised $5M in seed funding, which was led by Female Founders Fund, Foundation Capital, Revolution Capital, Plum Ventures, Mucker Capital and Uphonest Capital, including an earlier seed funding from Unshackled Ventures, Alumni Ventures Group, Sequoia Capital (Scout Fund), Plug and Play, and others. The startup is led by CEO and founder, Peggie Li. The company said it was originally incubated at Mucker Capital.

Faye Finds $8M For Travel Insurance

socalTECH

A new, Los Angeles-based travel startup, Faye announced this morning that it has raised $8M in its seed funding, led by Viola Ventures and F2 Venture Capital. The startup says it is providing travel insurance via an app. According to the company, it is providing "whole-trip" insurance that covers trips, health, belongings, and even pets. The company is led by co-founder and CEO Elad Schaffer, along with co-founder and CTO Daniel Green. faye travel insurance startup viola ventures

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Grindr Plans To Go Public Via SPAC Deal

socalTECH

West Hollywood-based LGBTQ+ dating app developer Grindr said on Tuesday that it in a deal to go public, via a special purpose acquisition company (SPAC). According to the company, it plans to combine with Tiga Acquisition Corp., which trades on the NYSE as TINV. The company said the deal includes $284M from Tiga Acquisition Corp., and $1.6 billion in rollover equity, giving the combined company a post-transaction enterprise value of $2.1 billion.

Tinder's Parent Company, Match, Suing Google Over App Payments

socalTECH

Match Group, the parent company of Los Angeles-based dating app developer Tinder has filed a lawsuit against Google, claiming the Internet giant has too much control over payments in its Google Play app marketplace. The lawsuit revolves around Google's 30 percent cut of payments on Google Play, and Google's attempt to ban apps from using alternative payment services. tinder match google lawsuit legal payment monopoly antitrust

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Tealium Names Chief Customer Officer

socalTECH

San Diego-based Tealium said today that it has named Tony Nadalin as the company's Chief Customer Officer. The company said Nadalin was most recently at Synopsys, where he had been serving as Group Vice President for the last four years; he also served at Oracle Marketing Cloud and Marketo. Tealium develops "tag management" software used by brands to track customer data on the web, mobile platforms, on IoT, and elsewhere, tying that into a customer data platform.

HCAP Partners Backs FleetNurse

socalTECH

San Diego-based private equity investor HCAP Partners said this morning that it has made an investment in Eugene, Oregon-based FleetNurse, a provider of on-demand healthcare staffing software. Financial details of the investment were not announced. According to HCAP, Nicolas Lopez, a Principal at the company, will join the FleetNurse board of directors. FleetNurse operates a service to help fill shifts on short notice. FleetNurse is led by CEO Israel Angeles.

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FaZe Clan In Deal With Keyboard Brand Ducky

socalTECH

Los Angeles-based e-sports brand FaZe Clan said Monday that it in a collaboration with mechanical keyboard maker Ducky, which will see the brand offering up its own branded keyboard. Financial details of the deal were not announced. According to the two, FaZe Clan will expand into providing its own gaming products and electronics, with its own FaZe-branded keyboard, called the FaZe Clan x Ducky One 3 Mini. Financial details of the partnership between the two companies were not annoucned.

Snap's Pixy Drone Sees Major Shipping Delays

socalTECH

Venice, California-based Snap may have announced its own, selfie-taking drone, the Pixy--but it seems like almost no one is getting the drone, yet. Apparently, there is a four month delay to receive the Pixy, even for the earliest buyers of the fancy hardware product. It's unclear if Snap has shipped any of its products, or if it just failed to anticipate demand for the new hardware. snap pixy drone shipping selfie hardware delay

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Romeo Power Selected For Delivery Vehicle

socalTECH

Los Angeles-based battery developer Romeo Power, which develops lithium batteries and related technology, said last week that it has been selected by a U.S. manufacturer of Low-Speed Electric Vehicles (LSEVs) being used for delivering food, packages on campuses and for the last-mile. Size and terms of the deal were not announced. The company said it will be the sole provider of the lithium-ion batteries for the un-named manufacturer. romeo power delivery battery cleantech lithium

Lytx Sees Sales Increase In Q1

socalTECH

San Diego-based fleet management systems developer Lytx said today that it has seen a 65 percent, year-over-year increase in its subscription sales during its first quarter of 2022. Financials behind those increases were not announced, however, the company said it is seeing "unprecedented demand" from enterprise fleets and its third party resellers. Lytx said it saw record growth and revenues in 2021. Lytx said it sold more than 100,000 subscriptions to its services in the first quarter.

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Aspen Neuroscience Scores $147.5M More

socalTECH

San Diego-based biotech startup Aspen Neuroscience said this morning that it has raised $147.5M in a Series B funding round.

AskGene Limited Raises $20M

socalTECH

Camarillo, California and Nanjing, China-based AskGene Limited, a startup biopharmaceuticals company, said today that it has raised $20M in a Series A financing round. The funding was led by Qiming Venture Partners and TF Capital. According to the company, it is working on cytokines for immunotherapy. AskGene is led by CEO Jeff Lu. The company said the funds will go to advance clinical development of its pipeline. askgene venture capital biotech biopharmaceuticals immunotherapy cytokine

Qmerit Links With BTR Energy On EV Charging, Renewable Power

socalTECH

Irvine-based electric vehicle (EV) charging services provider Qmerit and low-carbon credit platform provider BTR Energy said this week that the two are in a partnership. According to the two, the partnership will enable Qmerit's commercial clients to monetize Low Carbon Fuel Standard (LCFS) credits issued by the California Air Resources Board (CARB).

CerraCap Ventures Invests In Somnoware

socalTECH

Costa Mesa-based venture investor CerraCap Ventures said today that it has made an investment in Somnoware, a developer of software for managing respiratory care. Financial details of the strategic investment were not announced. The companies said the investment will help to accelerate Somnoware's expansion in sleep, respiratory care, and additional healthcare markets. capital venture investment ventures cerracap somnoware

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