Sat.Jul 10, 2021 - Fri.Jul 16, 2021

Retina AI Raises $8 Million in Series A

L.A. Business Journal

Santa Monica-based analytics company Retina AI Inc. has raised $8 million in Series A funding for its artificial intelligence platform for consumer insights

Will you BURN the next manager you hire?


It seems to be a rule, not an exception. Many senior managers and early entrepreneurs create their own mess with this one. The first professional senior manager that an entrepreneur hires to share the growing workload does not last more than a year.


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6 Obligations That Come With Startup External Funding

Startup Professionals Musings

As an angel investor to startups, I’m still surprised to find entrepreneurs who expect investors to give them money, and assume no strings attached. Would you do that if it was your money?

EVgo Acquires Recargo For $25M


Los Angeles-based electric vehicle (EV) charging network operator EVgo said this morning that it has acquired Recargo, a developer of e-mobility software. According to EVgo, it paid $25M in an all-cash transaction for Recargo, including a $3M loan repayment. Recargo was founded in 2009, and operates PlugShare, an online community for EV drivers, and also developed PlugShare, a mobile payment platform for EV cahrging networks. Recargo was based in El Segundo.

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.

Endgame Raises $17 Million For Sales Strategy Software

L.A. Business Journal

Software company Endgame Labs Inc. raised more than $17 million across two funding rounds

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Abodu raises $20M to build prefabricated backyard homes


The need for more affordable housing has never been more urgent as a shortage in the U.S. housing market persists. Startups attempting to help address the shortage in a variety of ways abound.

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VGRID Energy Systems Eyes Green Bitcoin Mining


A new, Camarillo-based startup, VGRID Energy, says it has come up with a "green" way to mine for Bitcoin cryptocurrency. According to the company, it has created a new product called the VGRID Bioserver, a portable, 100kW energy source which uses dead trees or agricultural waste to provide renewable electricity for Bitcoin mining. The company, led by CEO Greg Campbell, says its product is aimed at converting bark beetle killed trees into energy.

AR Combat Training Company Red 6 Moves To Miami

L.A. Business Journal

Red Six Aerospace, which creates AR combat training for the military, has moved it headquarters to Miami

FlyMachine raises $21 million to build a virtual concerts platform for a post-pandemic world


As concerts and live events return to the physical world stateside, many in the tech industry have wondered whether some of the pandemic-era opportunities around virtualizing these events are lost for the time being.

6 Keys To Getting Beyond Basic Incremental Innovation

Startup Professionals Musings

One of the business ironies that many entrepreneurs have learned the hard way in the past is that ideas which are truly disruptive carry the highest risk of failure, take the longest to gain traction, and thus are the least likely to get external funding.

Endgame Lands $17M For Sales Software


Los Angeles-based Endgame, a developer of software that links user behavior with sales opportunities, has raised $17M in funding, according to the company. The funding was split between a $12.25M, Series A funding round led by Menlo Ventures, and an earlier $5M Series Seed funding which was led by Upfront Ventures.

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Heliogen to Go Public in $2 Billion SPAC Deal

L.A. Business Journal

Pasadena-based energy technology company Heliogen Inc. will go public through a merger with a special purpose acquisition company, or SPAC, in a deal that values the combined company at $2 billion

DigiMarCon America 2021 - Digital Marketing, Media and Advertising Conference

SoCal Tech Calendar

Wednesday, July 21, 2021 --.

7 Strategies To Prepare For The Next Customer Change

Startup Professionals Musings

If you think your business has weathered the storm, think again. In addition to obvious economic challenges, the emerging generation of customers is determined to radically change the rules for customer engagement.

Netradyne Takes $150M For AI Efforts


San Diego-based Netradyne, a developer of artificial intelligence (AI) and edge computing technology for the automotive market, has raised $150M in a Series C funding round. According to the company, the funding was led by SoftBank Vision Fund 2, and also included existing investors Point72 Ventures and M12. The company says it has now raised over $197M in total funding.

Tripp Melds Meditation and Virtual Reality

L.A. Business Journal

Meditation has helped Nanea Reeves through some of the most difficult points in her life, including the loss of her sister and husband


Startup San Diego

The post WINNING CO. USES APP TO HELP LGBTQ COMMUNITY UCSD Students Win Pitch Competition appeared first on Startup San Diego. Startup News

8 Ways Entrepreneurs Keep Ahead Of Business Change

Startup Professionals Musings

Sometimes entrepreneurs are so focused on making change happen for customers that they forget that continually changing themselves and their company is equally important.

Entos Finds $53M For Drug Design Platform


San Diego-based Entos, a developer of artificial intelligence and automated synthetic development technology for designing small-molecule therapeutics, has raised $53M in a Series A funding. The funding was led by Coatue, and also included Catalio Capital Management, OrbiMed, Sequoia CApital, Nexus Ventures, and Freeflow. As part of the funding, Aaron Weiner, Managing Director and Head of Healthcare at Coatue, and R. Jacob Vogelstein, Ph.D.,

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EVgo Acquires Recargo for $25 Million

L.A. Business Journal

EVgo has acquired Recargo, creator of the Plugshare app that helps people locate EV charging stations, for $25 million

EVgo Shares Post Decline Following Market Debut

L.A. Business Journal

EVgo Inc., a supplier of charging stations for electric vehicles, saw its share price and trading volume decline in the company’s first week of trading on the Nasdaq

5th Kind Scores Private Equity Investment


5th Kind, a developer of workflow management software for Hollywood studios, has scored an investment from private equity investor HCAP Partners. Size of the investment was not announced. According to HCAP, the investment capital will go to fund growth initiatives for 5th Kind. As part of the funding, Tim Bubnack, Managing Partner at HCAP, has been appointed to the board of 5th Kind.

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Citadel Defense Scores $4M Contract


San Diego-based Citadel Defense, a developer of systems for defending against drone attacks, says it has secured $4M in new government contracts in June. According to the company, an undisclosed government customer has selected its systems as the preferred radio frequency sensor, to be used for pre-deployment training, mobile security, and fixed site protection. Citadel Defense is led by CEO Christopher Williams. citadel defense militaray contract drone

Serverfarm Names European Lead


Los Angeles-based data center developer Serverfarm said today that it has named a new lead for its colocation business in Europe, appointing Jochem Steman as VP of Colocation Europe. The company said Stemaan will be leading the company's colocation services across data center markets in Europe, including Amsterdam, where Serverfarm owns and operates facilities. Steman was previously CEO of, and aso previously served at Brocade.

Venture Investments Hit Record Highs


The National Venture Capital Association says that venture capital activity in Q2 of 2021 has hit record highs, with the group saying, in particular, that seed and early-stage VC financings have hit record highs and new quarterly records. The NVCA said that $75.0 billion was invested across and estimated 4,302 deals in the second quarter, with a total of $150 billion invested across 8,406 deals for the first half of the year.

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Joon Gets $2.3M For Employee Benefits


Los Angeles-based Joon, a startup which helps companies run employee benefit programs linked to an employee's credit or debit card, has raised $2.3M in a seed funding, according to the company. The funding was led by Alpha Edison, and included a number of angels. The startup, led by founders Sebastian Elghanian and Jonathan Shooshani, lets employers automatically reimburse employee credit cards for such benefits as family care, health and wellness, and professional development.

Angeles Equity Partners Takes Board Seat At Xanitos


Los Angeles-based private equity investor Angeles Equity Partners said today that it has appointed Debbie White to the board of directors of one of its portfolio companies, Xanitos. Xanitos is a provider of environmental services (EVS), patient transport, and linen services to hospitals and other acute care settings. White was previously Group CEo of INterserve Group, and also served at Sodexo SA. angeles equity partners private xanitos board executive services hospital health

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EDF Renewables' PowerFlex Powers Up Solar, Battery Storage Effort In San Diego


San Diego-based PowerFlex, a provider of solar, storage, smart EV charging, microgrids, and energy management which originally started at Caltech--and is now owned by EDF Renewables--has installed a big solar plus storage project in San Diego. According to the company, it has installed a solar photovoltaic and battery energy storage system for Cox Communications at its corporate office in San Diego.

Openpath Acquired By Motorola Solutions


Los Angeles-based OpenPath Security, which develops keyless, cloud-based entry systems, has been acquired by Motorola Solutions. Financial terms of the deal were not announced. OpenPath Security, led by startup veteran Alex Kazerani, had raised $63M in funding from Greycroft Partners and others. Kazerani and co-founder James Segil are repeat entrepreneurs, having previously founded Edgecast, which they sold to Verizon for approximately $400M.

Smart Earth Technologies Acquired By CrescoNet


Carlsbad-based Smart Earth Technologies (SET), a developer of LTE and 5G products for the water utility market, has been acquired by San Francisco-based CrescoNet. Financial terms of the acquisition were not announced. According to the companies, SET sells battery-operated, cellular endpoint transceivers and valves, installation tools, LTE network infrastructure, and software for meter and customer management.

SCE Ramps Up EV Charger Effort


Southern California Edison (SCE) says it is planning to ramp up its electric vehicle (EV) charging effort, with a program to install 38,000 EV chargers across Southern California. The company said that the "Charge Ready" program, which is funded with $436M and approved by the state, will see SCE installing and maintaining EV charging infrastructure, with site hosts tpically owning, operating, and maintaining those charging stations.

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Irvine-based property database company ATTOM said this morning that it has named Lionel Etrillard as Chief Financial Officer of the company. Etrillard was most recently CFO at Episource, and also had served at CallFire, InvestCloud, and iRise. ATTOM offers up property tax, deed, mortgage, foreclosure, environmental risk, natural risk, and neighborhood data for both U.S. residential and commercial properties. attom data database property executive lionel etrillard

Morse Micro Ships Samples Wi-Fi Chips


Irvine-based semiconductor startup Morse Micro, which is backed by Blackbird Ventures, Main Sequence Ventures, Clean Energy Innovation Fund, Skip Capital, and others, says it has started samples of its Wi-Fi chips to early access partners and key customers. According to the company, the samples will allow developers opportunities to evaluate the company's Wi-Fi systems-on-a-chip (SoC) modules.

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Digital Motors Claims Continued Interest In Online Car Purchases


Irvine-based software developer Digital Motors, which develops automotive digital retailing software is claiming that consumer demand to complete car purchases online continues to accelerate, and that it is seeing "record engagement" across its dealerships.

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Specright Scores $30M


Tustin-based Specright, which develops specification management software, announced this morning that it has raised $30M in its Series B funding round. The funding was led by Sageview Capital, and also included VMG Catalyst, plus Pritzker Venture Capital Group, Okapi Venture Capital, Fika Ventures, and Mucker Capital. According to the company, the new funding will go towards doubling its headcount by early 2022.

LiveXLive, The Associated Press Link On News Streaming


Los Angeles-based LiveXLive, which owns PodcastOne, Slacker Radio, React Presents, and Custom Personalization Solutions, says it has teamed up with The Associated Press to provide news programming on Slacker Radio. Financial details of the deal were not announced. According to LiveXLive, it will offer up a user-curated "AP News" station, where listeners can skip, play/pause, and personalize their own unique news/talk experience. LiveXLive said the deal replaces ABC News.

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