Snap Drives Growth of LA’s AR Industry
L.A. Business Journal
FEBRUARY 22, 2021
Visual artist Clay Weishaar said he was incredulous when someone from Snap Inc. contacted him in 2018 to let him know one of his lenses was trending.
Sat.Feb 20, 2021 - Fri.Feb 26, 2021
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“LALA” – A short lesson in marketing
Berkonomics
FEBRUARY 25, 2021
Focus upon you as marketing genius. Let’s focus not upon the process of marketing and positioning, but on you. How should you become the best marketer you can be, even if you are a first-time entrepreneur or a seasoned CEO? There’s an answer for that. The title of this insight helps us find a formula: LALA. Memorize your use of “LALA”. Listen! . The first rule of marketing and positioning is to listen to the marketplace.
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Lucid Sight Buys Colyseus
socalTECH
FEBRUARY 22, 2021
Los Angeles-based Lucid Sight, which developings videogames, said it has acquired the open source, multiplayer game engine Colyseus. According to Lucid Sight, it will be taking over the Colyseus brand, GitHub, and all social and support channels, and Colyseus creator Endel Dreyer will join its team. Lucid Sight said over 3,000 developers are active in the Colyseus community channels.
7 Keys To Scaling A Startup into A Thriving Business
Startup Professionals Musings
FEBRUARY 24, 2021
As an advisor to many startups today, I still see that most of you entrepreneurs see yourselves as the sole driver of your new solution, and the key driver of your new business. That’s not all bad in the beginning, but as you scale , every business has to build a team to keep up with the wide range of skills needed , fight new competitors, and respond to changes in the marketplace.
Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19
Advertiser: Aggregage
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.
Archer Aviation Plans Electric Air Taxis in LA by 2024
L.A. Business Journal
FEBRUARY 23, 2021
Bay Area company Archer Aviation is developing electric aircraft for L.A.'s Urban Air Mobility Partnership.
How to Overcome Common Enterprise Network Challenges
Southern California Edison Blog
FEBRUARY 23, 2021
Enterprises face several network-related challenges that can affect their competitiveness and ability to grow and serve customers. Challenges such as costly network investments, low performance, and tedious management plagues many organizations. However, with the right strategies and expert guidance, enterprises can quickly overcome them and focus on achieving their business goals.
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10 Keys to Remaining Cool And Calm Despite Pressures
Startup Professionals Musings
FEBRUARY 26, 2021
One of the most valuable attributes of a good business professional and leader is to be able to control emotional outbursts, to maximize your credibility and respect, and to maintain your own health. The best of you train yourselves to show emotions sparingly and strategically, while the rest are convinced that emotions cannot be controlled , and are a function of culture and genetics.
Mahmee’s Digital App Connects New Moms and Physicians
L.A. Business Journal
FEBRUARY 22, 2021
MCH Ventures Inc., doing business as Mahmee, is a family-run business in the business of supporting families.
Archer Aviation aims to launch network of urban air taxis in Los Angeles by 2024
TechCrunch LA
FEBRUARY 23, 2021
Archer Aviation, the electric aircraft startup that recently announced a deal to go public via a merger with a blank-check company, plans to launch a network of its urban air taxis in Los Angeles by 2024. The announcement comes two months after the formation of the Urban Air Mobility Partnership, a one-year initiative between Los Angeles Mayor Eric Garcetti’s office, the Los Angeles Department of Transportation and Urban Movement Labs to develop a plan for how to integrate urban aircraft i
Seismic Names VP Inclusion
socalTECH
FEBRUARY 26, 2021
San Diego-based sales enablement software developer Seismic said this week that it has named Donna DeBerry as its new Vice President, Inclusion. According to the company, DeBerry will lead efforts to build an even more diverse, equitable, and inclusive workforce and company culture. DeBerry previously was Director of Inclusion at Indeed, and also has served at Starbucks Corporation, Nike, and Wyndham Worldwide.
8 Keys To That First Investment From People You Know
Startup Professionals Musings
FEBRUARY 22, 2021
Most entrepreneurs have learned that it’s almost always quicker and easier to get cash from someone you know, rather than angel investors or professional investors (VCs). In fact, most investors “require” that you already have some investment from friends and family before they will even step up to the plate. You see, investors invest in people, before they invest in ideas or products.
Archer Aviation Plans Electric Air Taxis In L.A. By 2024
L.A. Business Journal
FEBRUARY 23, 2021
Bay Area company Archer Aviation is developing electric aircraft for L.A.'s Urban Air Mobility Partnership.
Mobile Gaming Developer Artie Raises $10 Million
L.A. Business Journal
FEBRUARY 20, 2021
Silverlake-based Artie, which creates technology that allows for app-free game development, raised a $10 million seed round.
Metropolis Raises $41 Million to Automate Parking Garages
L.A. Business Journal
FEBRUARY 22, 2021
Alex Israel, co-founder and chief executive of Venice-based startup Metropolis Technologies Inc., said it’s time for a shakeup in Los Angeles’ parking industry.
Snap Drives Growth of LA’s AR Industry
L.A. Business Journal
FEBRUARY 22, 2021
Visual artist Clay Weishaar said he was incredulous when someone from Snap Inc. contacted him in 2018 to let him know one of his lenses was trending.
Farm Tech Startup Future Acres Launches
L.A. Business Journal
FEBRUARY 23, 2021
Future Acres, Inc., a Santa Monica-based food technology company, launched on Feb. 23 with the goal of raising $3 million in a seed funding round.
Farm Tech Startup Future Acres Launches
L.A. Business Journal
FEBRUARY 23, 2021
Future Acres, Inc., a Santa Monica-based food technology company, launched on Feb. 23 with the goal of raising $3 million in a seed funding round.
NXCR Raises $30 Million for Vehicle Subscription Service
L.A. Business Journal
FEBRUARY 22, 2021
Scott Painter, founder and chief executive of NXCR, said the company had raised $30 million in seed funding for its vehicle subscription platform.
NXCR Raises $30 Million For Vehicle Subscription Service
L.A. Business Journal
FEBRUARY 22, 2021
Scott Painter, founder and chief executive of NXCR, said the company had raised $30 million in seed funding for its vehicle subscription platform.
Relativity Plans Larger, Reusable Rocket
L.A. Business Journal
FEBRUARY 26, 2021
Long Beach-based rocket manufacturer Relativity Space Inc. will begin development on a fully reusable launch vehicle.
Dr. Squatch Cleans Up With Super Bowl Ad
L.A. Business Journal
FEBRUARY 22, 2021
Familiar beer brands and automakers weren’t the only ones competing for the attention of Americans during commercial breaks in Super Bowl LV.
The 22 Fund Finds Funding, Targets Impact Investments
socalTECH
FEBRUARY 26, 2021
Los Angeles-based The 22 Fund, a new startup investment fund which says it focuses on the "impact investing" sector--investing with a racial, gender, climate and social justice lens--says it has received an investment from The Clio Fund and ImpactAssets. The size of that investment was not announced. According to the new investment fund, it is investing in companies led by women, Black, Indigenous and People Of Color (BIPOC).
RepairSmith Inks Partnership With CarAdvise
socalTECH
FEBRUARY 25, 2021
Los Angeles-based mobile auto repair provider RepairSmith said this week that it has inked a partnership with CarAdvise, an online marketplace for vehicle maintenance and repair. Financial details of the strategic partnership were not announced. According to the companies, CarAdvise members now have access to RepairSmith's convenient at-home services.
Newegg Cooks Up System For Beating Product Scalpers, Bot Buyers
socalTECH
FEBRUARY 25, 2021
Los Angeles-based Newegg has launched a new effort to make it more fair for its consumers to buy very high demand products--such as GPUs and graphics cards--through what it calls The Newegg Shuffle. According to Newegg, its new drawing system is aimed at defeating the "bots and scalpers" which tend to swoop in on the most popular products on its site, including things such as NVIDIA GeForce RTX 30 Series GPUs, AMD Ryzen 5000 Series desktop processors, AMD Radeon RX 6000 Series graphics cards, Pl
Inseego Sells Off South African Operations Of Ctrack
socalTECH
FEBRUARY 25, 2021
San Diego-based Inseego, which develops 5G and IoT equipment, including wireless hotspot hardware, says it is selling off the South African operations of its subsidiary, Ctrack, to private equity firm Convergence Partners. According to Inseego, an affiliate of Convergence Partners will acquire the South African operations of Ctrack for approximately 529 million South African Rand (ZAR) (approximately $36.2 million USD based on an exchange rate of 14.62 ZAR to USD) in an all-cash transaction.
Viracta Therapeutics Goes Public Via Reverse Merger, Gets $65M
socalTECH
FEBRUARY 25, 2021
San Diego-based Viracta Therapeutics has gone public via a reverse merger with Sunesis Pharmaceuticals, and raised $65M in a private placement, the company said late Wednesday. According to the company, as a result of the merger, it will start trading on the Nasdaq Global Select Market this morning under the ticker symbol VIRX. Viracta's lead program is aimed at treating Epstein-Barr virus (EBV)-positive lymphoma.
Elementary Robotics Rolls Out AI Camera System
socalTECH
FEBRUARY 25, 2021
Los Angeles-based Elementary Robotics, a developer of cameras for manufacturing inspection, said it has rolled out a new, cloud-based AI camera system designed for manufacturing and logistics. According to the company, its AI-based hardware and software uses machine learning and computer vision to make it easier for manufacturers to use computer vision to inspect products for defects and other problems.
Harbor Launches SOS Feature, Premium Service
socalTECH
FEBRUARY 25, 2021
Los Angeles-based startup Harbor, which is led by Dan Kessler, said it has launched a new, paid premium subscription service called Harbor Premium. The new service is being launched in a partnership with ADT, and connects users to ADT's monitoring team. According to Harbor, the partnership allows ADT to contact the user, alert authorities, and share their location, as well as other user-provided, personally identifiable information to help emergency responders locate and identify them.
First Resonance Finds Funding For Manufacturing OS
socalTECH
FEBRUARY 25, 2021
Los Angeles-based First Resonance, a startup developing what it calls a "factory operating system" designed for hardware companies for use in their manufacturing operations, says it has raised a new round of funding. The size of the funding was not announced, however, the company said the roudn brings the company's total raised to more than $5M. First Resonance said the funding was led by Blue Bear Capital.
HP To Acquire HyperX
socalTECH
FEBRUARY 24, 2021
Technology stalwart HP has agreed to acquired Fountain Valley-based HyperX, the gaming accessories arm of Kingston Technology, in a deal worth $425M, the two companies said on Wednesday. According to the two, Kingston will retain its DRAM, flash, and SSD products for gamers and enthusiasts. HyperX will become part of HP's personal Systems unit. HyperX develops a number of gaming peripherals, including headsets, keyboards, mice, mouse pads, USB microphones, and console accessories.
Fisker Links With Foxconn On New EV
socalTECH
FEBRUARY 24, 2021
Los Angeles-based electric vehicle developer Fisker and electronics manufacturing giant Foxconn are in a new deal to develop a new, electric vehicle, the two said on Wednesday. According to Hon Hai Technology Group, the parent company of Foxconn, and Fisker, they have signed a Memorandum of Understanding (MOU) on a global electric vehicle project. According to the two, they will create a new "breakthrough electric vehicle" which will be manufactured by Foxconn and will be delivered to "multiple
indie Semiconductor Sees Progress In SPAC Effort
socalTECH
FEBRUARY 24, 2021
Aliso Viejo-based semidconductor company indie Semiconductor says it expects its combination with a special purpose acquisition company (SPAC), Thunder Bridge Acquisition II, to close sometime early this spring. According to the company--which develops semiconductors and systems-on-the-chip products for the automotive industry--said it did not receive any communication from the Federal Trade Commission (FTC) or Department of Justice (DOJ) as of the expiration of the 30-day waiting period for pre
BeSmartee Gets Funding For Mortgage Software
socalTECH
FEBRUARY 24, 2021
Huntington Beach-based BeSmartee, a developer of digital mortgage software, said Tuesday that it has received a strategic growth investment. The funding came from M33 Growth. Size of the new investment was not announced. BeSmartee develops digital mortgage software, which is used by banks, credit unions, and other lenders to manage the mortgage lending process.
Emotive Finds $50M In Series B
socalTECH
FEBRUARY 24, 2021
Los Angeles-based startup Emotive, which develops conversational text messaging software, said this morning that it has raised $50M in its Series B funding round. The funding was led by CRV, and also included Mucker Capital, TenOneTen Ventures, plus new investors, Stripes and Vulcan Capital. The company said the funding brings its valuation to $400M.
NantStudios Launches Virtual Production Campus In El Segundo
socalTECH
FEBRUARY 24, 2021
El Segundo-based NantStudios--a new venture which is related to the "Nant" series of companies run by billionaire Dr. Patrick Soon-Shiong--said on Tuesday that it has launched a new "virtual production ecosystem and innovation campus" in El Segundo. NantStudios said it has created a 24,000 sq. ft. sound stage providing independent in-camera visual effects services and more for everything from high end feature films and independent video projects.
SpaceX Inks $850M Funding
socalTECH
FEBRUARY 23, 2021
Hawthorne-based SpaceX confirmed a $850M fundraising in a regulatory filing on Tuesday, in an equity funding round which included 69 investors. The fundraising had been rumored to have been in process for the last month or so. The filing said the effort started on February 16th. The round reportedly values the company at $74 billion.
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