Sat.Jun 08, 2019 - Fri.Jun 14, 2019

Relativity is building a 3D-printing rocket manufacturing hub in Mississippi

TechCrunch LA

The future of rocket manufacturing has touched down in Mississippi. At NASA’s John C. Stennis Space Center , nestled in Hancock County, Miss.,

Riot Games Facing Investigation Over Gender Discrimination

socalTECH

In more bad news for Los Angeles-based videogame maker Riot Games , the company is now facing an investigation by California officials , over its refusal to provide information on its pay practices. The California Department of Fair Employment and Housing has filed suit, demanding that Riot Games turn over employee pay data so that the agency can analyze whether the company is paying less to women than men.

Your Tech Startup Is Probably Not Ready to Raise Money

Xconomy

I know, I don’t even know you. Here’s the thing. Let’s say Melanie is an early-stage investor. If she placed a bet blindly for every startup that thinks they’re ready to raise, her chips would fall on the “not ready to raise” words written in fancy script on the soft green felt of the betting table.

Should a leader support constant change?

Berkonomics

The worrying that always precedes a change. When a new CEO or manager is hired into a company, for a while lots of energy flows from the top and new ideas seem to be generated daily.

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Silicon Beach Report June 10: Pluto TV Pushes into Latino Markets

L.A. Business Journal

Quibi unveils pricing details; SpaceX to launch JPL’s atomic clock; Pluto TV launches Latino programming

SpaceX 151

AppOnboard Acquires Buildbox

socalTECH

Los Angeles-based AppOnboard , which develops mobile app design and development software, has acquired Buildbox , a developer of mobile game development software. Financial details of the acquisition were not announced. According to AppOnboard, Buildbox's tool have been used so far to power more than 45,000 unique games, and has seen more than 3 billion estimated downloads on app stores. Both AppOnboard and Buildbox develop tools which do not require coding to develop apps.

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Celebrating San Diego Life Sciences: Xconomy Awards Gala Slideshow

Xconomy

View the Slideshow We at Xconomy were thrilled to see such a great turnout at our first-ever awards gala in San Diego. About 250 people from the local life sciences community filled a ballroom at Estancia La Jolla Hotel & Spa (see photos above).

Silicon Beach Report June 14: Bird Required to Pay Tariffs on Chinese Imports

L.A. Business Journal

Bird, Uber tariff relief requests denied; AppOnBoard buys BuildBox; Pluto TV links with Comcast

Report 130

Atlazo Finds $3.4M For Healthcare IoT Technology

socalTECH

San Diego-based Atlazo , a startup developing systems-on-a-chip (SoC) semiconductors aimed at used in healthcare and Internet-of-Things (IoT) applications, has raised $3.4M in a seed funding round. The funding round was led by the Tech Coast Angels, and the TCA's San Diego chapter. According to the TCA, its angel network members invested $2.5M in the round.

SoCal First Look Innovation Showcase 2019

SoCal Tech Calendar

Wednesday, June 19, 2019 -- SoCal First Look Innovation Showcase 2019. The SoCal First Look Innovation Showcase supports, nurtures and stimulates our unique innovation culture in Southern California and promotes its position as a vibrant hub for start-ups and emerging technology. In addition to the presenters, venture capitalists and early stage angel investors attend the event, along with local elected officials, business leaders and senior administrators from the universities. See [link] (mor

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3 Tips to Boost Security, Trust With Increasingly Remote Workforce

Xconomy

Employers are increasingly offering remote work options as a differentiator to attract top talent in today’s competitive hiring market. And, with modern technology at their fingertips, employees have come to expect a seamless working experience whether they’re home, in the office, or on the road.

Tips 92

Silicon Beach Report June 13: Sure Raises $23 Million

L.A. Business Journal

Bird paid $25 million for Scoot; Sure raises $23 million; Disney Plus subscriber projections

Report 130

Spring Labs Finds $23M In Series A

socalTECH

Los Angeles-based Spring Labs , a startup developing a blockchain-based platform for sharing of financial information, has raised $23M in a Series A funding. According to Spring Labs, the funding was led by GreatPoint Ventures, and also included August Capital, as well as General Motors Ventures, the corporate venture capital arm of General Motors, RRE Ventures, Galaxy Digital, Multicoin Capital, The Pritzker Group, and CardWorks.

Preccelerator Workshop: Financial Modeling for Startups w/ Eli Eisenberg

SoCal Tech Calendar

Tuesday, June 18, 2019 -- Financial Modeling for Startups Workshop In this workshop you will learn the following: The theory and purpose of a financial model in a pitch deck An approach to financial modeling that resonates with investors How to build the model. See [link] (more

Can AI Tools, $76M Lead BlackThorn to Targeted Pysch Drugs?

Xconomy

It’s notoriously tough for experimental psychiatric drugs to succeed in clinical tests. BlackThorn Therapeutics wants to show that an AI-driven, precision approach can make it easier, and today it’s added another $76 million to get the chance to prove it.

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Riot Games Under DFEH Investigation

L.A. Business Journal

California's Department of Fair Employment and Housing has launched an investigation into Sawtelle-based Riot Games for alleged gender bias and other discriminatory conduct

Interview with Ilya Pozin, Cofounder of Pluto TV

socalTECH

In January, Los Angeles-based Pluto TV (www.pluto.tv) was acquired by Viacom for $340M, one of the largest acquisition deals so far in the region this year. We caught up with Pluto TV's co-founder and Chief Growth Officer, Ilya Pozin , to hear about how the company started, and its path to acquisitionas well as to get some tips on startup success. Ilya also founded Coplex, a startup development studio. What's your story and how did you end up founding Pluto TV?

Silicon Beach Report June 11: GameMine acquires 1,200 titles

L.A. Business Journal

Square Enix announces “Avengers,” “Final Fantasy” titles; Snapchat filters have unexpected use; GameMine expands gaming library

Bird Acquires Scoot Networks

L.A. Business Journal

Santa Monica-based Bird Rides Inc. is buying Bay Area competitor Scoot Networks Inc

Bird Acquires Scoot

socalTECH

Santa Monica-based Bird announced on Wednesday that it has acquired Scoot , a San Francisco-based scooter service--giving Bird entry back into the San Francisco market, and also helping Bird scale out its operations. Financial details of the acquisition were not announced. According to Bird, Scoot will operate as a wholly owned subsidiary of the company, and also help Bird offer more vehicles featuring the latest technology advancements for the sharing market.

Locana Wins $550,000 Grant

socalTECH

San Diego-based gene therapy startup Locana has just received $550,000 in a grant, from the Muscular Dystrophy Association (MDA), according to the MDA. The award will go to advance Locana's development program for treating mytonic dystrophy (DM). According to the MDA, the grant came from its MDA Venture Philanthropy (MVP) grant program, which specifically funds drug development, discovery and clinical application of treatments and cures for neuromuscular disorders.

Triton Digital Acquires Omny Studio

socalTECH

Los Angeles-based Triton Digital , a provider of advertising services and technology for the online radio streaming, digital audio and podcasting markets, has acquired Omny Studio , a developer of a podcast and on-demand audio publishing platform. Financial terms of the acquisition were not annoucned. Omny Studio was based in Melbourne, Australia. According to Triton Digital, the entire team at Omny Studio has joined the company, after it acquired the technology, assets, and team of Omny.

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Newegg In Global Expansion Effort

socalTECH

Los Angeles-based electronics- and technology retailer Newegg says it is in a major, global expansion effort, saying this morning that it has added another 29 countries to its network, growing the number of companies it is doing business in to more than 80. According to Newegg, it has been working over the last two years to expand its geographical reach, adding local language support, free shipping on select items, and local returns.

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EvoNexus, UC San Diego Team On FinTech Efforts

socalTECH

San Diego- and Orange County-based startup incubator EvoNexus and the University of California San Diego's Rady School of Management announced this morning that the two are in a new partnership, aimed at creating a new generation of FinTech startups. According to the two, the partnership will help students and alums of UCSD Rady, by creating an "entrepreneurial path" for them into the EvoNexus FinTech Incubator.

Cubic Wins Air Force Contract

socalTECH

San Diego-based Cubic Corporation announced this morning that it has scored a win with the U.S. Air Force (USAF), to develop a data radio for the USAF. According to Cubic, the award went to its Cubic Mission Solutions (CMS) business division, for delivery of a Small Form Factor (SFF) Radio prototype for the Data Link Enterprise (DLE). The size of the contract was not announced. The company said the component is used for providing ground-to-air and air-to-ground communications.

SerImmune Finds $1.4M In Ongoing Funding

socalTECH

Santa Barbara-based SerImmune , a company developing immune mapping technology, has raised $1.4M in new funding, as part of what appears to be an ongoing $7.0M funding effort. The funding--which was disclosed via a regulatory filing--shows the round as a debt funding round, suggesting the funding is likely a convertible debt funding from existing investors. SerImmune previously raised $8.0M in funding back in 2017, from such investors as Illumina Ventures, Merck and others.

Linquest Gets $562M Air Force Contract

socalTECH

Los Angeles-based LinQuest Corporation , a provider of space systems services and products for the defense and U.S. national security market, said on Thursday that it received a $562M contract award from the U.S. Air Force Space & Missile Systems Center. According to LinQuest, the award covers architecting and full life-cycle systems engineering, integration, and solutions support to the military satellite communications enterprise.

Sunbit Scores $26M For Consumer Credit Startup

socalTECH

Los Angeles-based Sunbit , a fintech startup which provides point-of-sale financing for purchases, using machine learning to qualify consumers, has raised $26M in a Series B funding round, the company said this week. The funding was led by Zeev Ventures, and also included Group 11 (formerly SGVC), Chicago Ventures, and others. Oren Zeev, the founding partner of Zeev Ventures, joins Sunbit's board along with the funding.

CreatorIQ Finds $12M For Influencer Marketing Software

socalTECH

Los Angeles-based CreatorIQ , a developer of enterprise software used for influencer marketing, has raised $12M in a Series B funding round, the company said Thursday. The funding was led by TVC Capital, and also included Affinity Group, and Unilever Ventures. Affinity Group is a partnership between TPG Growth and Evolution Media.

Silicon Beach Report June 12: Bird Acquires Scoot

L.A. Business Journal

Hulu, Disney acquire Lions Gate rights; Immortals acquires Infinite Sports & Entertainment; Scoot scooped up by Bird

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