Sat.Mar 30, 2019 - Fri.Apr 05, 2019

Early-stage investment firm Defy updates the venture partner model

TechCrunch LA

Defy , the early-stage venture investment firm founded by Neil Sequeira and Trae Vassallo, is putting a new twist on the venture partner model as it brings Brian Lee and Sujal Patel on board to help out with investing and guiding companies in the firm’s portfolio.

Invest 142

Lucid Sight, Backed By MLB, Finds Another $6M To Combine Video Games, Blockchain

socalTECH

Los Angeles-based video game startup Lucid Sight , which is combining both videogames with blockchain, has raised $6M in a funding round, the company is announcing this morning. According to the startup, the new round of funding included Salem Partners, The Galaxy EOS VC Fund, Digital Currency Group, Breakaway Growth, Frontier Venture Capital, and Animoca Brands.

“FacePalm” Bug Is a Jarring Wake-Up Call. And Not Just for Apple

Xconomy

Apple is a global icon. It was the first company in the world to reach a $1 trillion market capitalization, and it is the most valuable company in the world today. For the second year in a row, Apple ranked as the world’s most-admired company, in a Fortune survey of 3,750 business executives. PC magazine recently released its 2019 Readers’ Choice Awards and Apple finished #1 for Laptops, Desktop PCs, and Tablets.

What’s the minimum information to give your investors?

Berkonomics

Every investor wants regular information from companies taking their money. And most of us investors are frustrated by the lack of regular communication – unless of course – the company needs more money.

Class 156

Snap is channeling Asia’s messaging giants with its move into gaming

TechCrunch LA

Snap is taking a leaf out of the Asian messaging app playbook as its social messaging service enters a new era. The company unveiled a series of new strategies that are aimed at breathing fresh life into the service which has been ruthlessly cloned by Facebook across Instagram, WhatsApp, and even its primary social network. The result? Snap has consistently lost users since going public in 2017.

eTailPet Finds $800K Seed Funding

socalTECH

Los Angeles-based eTailPet , a new startup which helps pet store owners create online e-commerce sites, has received a round of seed funding, the company said this week. The seed funding was worth $800K, and led by Moonshots Capital, and also included individual angels from the pet industry.

More Trending

Santa Monica Tech Happy Hour on the Patio!

SoCal Tech Calendar

Thursday, April 11, 2019 -- Santa Monica Tech Happy Hour on the Patio! by Startup Coil. It's finally patio season! Let's get things warmed up with an epic L.A. Tech Happy Hour overlooking the 3rd Street Promenade in beautiful downtown Santa Monica. See [link] (more

eTailPet Finds Seed Funding

socalTECH

Los Angeles-based eTailPet , a new startup which helps pet store owners create online e-commerce sites, has received a round of seed funding, the company said this week. Size of the funding was not announced. The funding was led by Moonshots Capital. eTailPet lets pet stores create their own websites, post their catalog, accept orders for in store pickup or delivery, and more, offering up a number of templates, mobile optimization, and outsource customer support.

Science Inc. Eyes New Venture Capital Fund

socalTECH

Santa Monica-based startup studio Science Inc. founded by Michael Jones, Peter Pham, Gregory Gilman, and Tom Dare, appears to be launching efforts to raise a new fund. The startup studio--which both incubates its own companies as well as works with startup founders to help accelerate their efforts--has backed such companies as Dollar Shave Club , DogVacay , FameBit , EventUp , August Home , Hello Society , Playhaven , and Superfly Labs.

Karma Automotive Taps BMW For Engine Technology

socalTECH

Irvine-based Karma Automotive , the revived, startup auto maker, says it has inked an agreement with BMW AG , to use BMW's engine technology in its automobiles. According to Karma Automotive, its vehicle, the 2020 Revero luxury car, will use a BMW TwinPower Turbo three-cylinder in-line engine. The company said the engine will be used to power an on-board electric generatorand to enhance overall vehicle performance. Financial details of the deal were not announced.

Alteryx Acquires ClearStory Data

socalTECH

Irvine-based data science and analytics software developer Alteryx has acquired ClearStory Data , a Menlo Park-based software developer developing products for managing complex and unstructured data. Financial details of the acquisition wer enot announced. Alteryx said the deal will provide it with a "talented team and compelling technology", and also help it with extension into Silicon Valley.

Google 122

RealD Gets Patent Win

socalTECH

Los Angeles-based 3D movie technology developer RealD announced on Wednesday that the company has scored a patent win in Europe. According to the company, the European Patent Office (EPO) has upheld the validity on one of its key patents for light-doubling 3D cinema projection systems. RealD said the ruling will bolster its case against Volfoni, who the company is suing over infringement of its patents.

Blockchain, Video Games, and the MLB: Interview with Randy Saaf, Lucid Sight

socalTECH

For all the hype around the blockchain  the computer algorithms behind the popular Bitcoin cryptocurrency  there are some real, solid promise behind the technology. Los Angeles-based Lucid Sight (www.lucidsight.com) is applying that technology behind the scenes to help power video games, using the digital asset features of blockchain to build ownership and scarcity into collectible video games.

Semtech Gets Design Win With Water Leak Detection System

socalTECH

Camarillo-based Semtech has scored a design win, with a Swedish systems integrator developing water leak detection systems. According to Semtech, its LoRa wireless technology is being used in a "smart home" application by iioote , a Sweden-based independent systems integrator offering Internet of Things (IoT) solutions and services.

Design 122

EvoNexus Links With EMD Performance Materials For Incubator Effort

socalTECH

San Diego- and Irvine-based startup incubator EvoNexus announced today that it has started accepting applications to a new startup incubation effort it is running with high tech material company EMD Performance Materials. EMD is owned by Merck KGaA, Darmstadt, Germany.

Disney Backs Effort To Give Girls A Head Start On STEM

socalTECH

Burbank-based Disney is backing an effort, in conjunction with learning robot developer littleBits and UC Davis , the give girls a boost in getting into science, technology, engineering, and math (STEM) fields. According to the threee this morning, the have launched a new program in California, called Snap The Gap , which will help 10 year old girls learn technology and science with hands-on-learning.

HyperX Renews NBA 2K Partnership

socalTECH

Fountain Valley-based videogame accessory maker HyperX said this morning that it has renewed its partnership with the NBA 2K league, ahead of the league's second season. According to HyperX, it will continue on as the "Official Gaming Headset Partner" for the league. Financial details of the deal were not announced. HyperX said it will also be partnering with the NBA 2K league teams HEAT Check Gaming, Mavs Gaming, NetsGC, T-Wolves Gaming and 76ers Gaming Club in the effort.

Reveal Biosciences Finds Funding From Intel Capital

socalTECH

San Diego-based Reveal Biosciences , a startup applying artificial intelligence (AI) and machine learning to pathology, has received a round of funding from Intel Capital , the corporate venturing arm of microprocessor giant Intel. Size of the investment in Reveal Biosciences was not announced. The details on the funding came as part of an announcement by Intel Capital of its investments in 14 startups, worth a total of $117M.

GIBLIB Gets $2.5M For Medical Education Content In VR

socalTECH

Los Angeles-based GIBLIB , which offers up a library of on-demand, medical content in 4K and 360-degree virtual reality, announced this morning that it has raised $2.5M in a seed funding round. The funding came from the Mayo Clinic, the Venture Reality Fund, Wavemaker 360, USC Marshall Venture Fund and Michelson 20MM.

Alteryx, Thomson Reuters Tie On Tax Data Analysis

socalTECH

Irvine-based data science and analytics software developer Alteryx , and news and information tools provider Thomson Reuters said today that the two are in a strategic partnership over data analysis for tax professionals.

News 116

Trovagene Gets $1.5M In PIPE For Oncology Drug Efforts

socalTECH

San Diego-based oncology therapeutics developer Trovagene , which is publicly listed on the Nasdaq as TROV, said it has received a $1.5M, private placement. The new investment came from Lincoln Park Capital. According to Trovagene, the new funding will go towards advancing three of its clinical development programs. Lincoln Park Capital is an existing investor in the company.

BlackLine Aims Accounting Automation At College, University Market

socalTECH

Los Angeles-based financial automation software developer BlackLine is taking aim at the college and university market, saying on Thursday that it has partnered with higher education software and services firm Ellucian. According to BlackLine, the deal will help it deliver its accounting automation tools to the higher education customers that are served by Ellucian. Financial details of the deal were not announced.

H Code Links With Argentine Media Company Artear

socalTECH

Los Angeles-based digital advertising company H Code , which focuses on advertising for the U.S. Hispanic market, says it has inked an exclusive partnership with Artear , a media and television company in Argentina. H.Code said it will gain sole access to Artear''s digital advertising inventory here in the United States, including ads on Artear's other properties, Ciudad Magazine, eltrece, ElDoce.tv, and Todo Noticias (known as TN). Financial details of the deal were not announced.

Snap Launches Multiplayer Gaming Effort

socalTECH

Santa Monica-based Snap , the parent company of Snapchat , said on Thursday that it has launched a new offering called Snap Games , which will offer up real-time, multiplayer gaming to users of Snapchat. According to Snap, the new games will feature both original games for its platform, as well as games from such third party developers as Game Closure, PikPok, Spry Fox, Zeptolab, and Zynga.

GumGum Spins Out Dental Startup

socalTECH

Santa Monica-based GumGum , which develops artificial intelligence and vision recognition software being applied to advertising analytics, said on Thursday that it is spinning out a new company, which will develop AI technologies for the dental industry. As part of the spinout CEO and founder Ophir Tanz will step down as CEO, and will lead the new dental entity. The company said that current President and COO Phil Schraeder will become CEO of GumGum.

Inscripta, With Offices In San Diego, Finds $20M For Series C Funding

socalTECH

Gene editing technology developer Inscripta , which has one of its offices in San Diego, saidt his week that has added another $20M in funding to its Series C round, bringing the round to a total of $105.5M. According to Inscripta, the new funding came from its existing investors, including Venrock, Foresite, Mrieux Dveloppement, Paladin Capital Group, MLS Capital, and NanoDimension. The company had originally announced its Series C in 2018, worth $85.5M.

Jam City Acquires German Mobile Games Studio

socalTECH

Los Angeles-based mobile games developer Jam City announced on Thursday morning that it has acquired 231 Play , a Berlin, Germany-based mobile games studio. As part of the acquisition, the company says it has opened up Jam City Germany , which will be based in Berlin. Financial terms of the acquisition were not announced.

Mobile 109

Cache Creek Industires Acquires Automated Business Power

socalTECH

Los Angeles-based private equity investor Cache Creek Industries announced this morning that it has acquired defense electronics company Automated Business Power. Financial terms of the acquisition wer enot announced by the companies.

Equity 109

TutorMe Acquired By Zovio

socalTECH

Los Angeles-based TutorMe , a provider of online tutoring services, has been acquired by San Diego-based Zovio , the companies announced this morning. Financial terms of the acquisition were not announced. Zovio said the deal will expand the scope of the services it offers to higher education partners. TutorMe offers up an online, 24/7 tutoring service, which helps match students to online tutors. Myles Hunter is the CEO and co-founder of TutorMe, and Zovio is led by CEO Andrew Clark.

Internet Archive Restores Massive Collection Of MySpace MP3s

socalTECH

The Internet Archive has some good news for those who may have lost music due to the "accidental" deletion of twelve years of music by Los Angeles-based MySpace. According to the Internet Archive, it was able to restore a 450,000 song collection of music from 2008 to 2010 on MySpace, as a result of the secret "MySpace Music Dragon Hoard", collected by an un-named academic researcher.

News 109