Sat.Nov 13, 2021 - Fri.Nov 19, 2021

HiveWatch Makes Security Scalable

L.A. Business Journal

With a decade of experience in technology and law enforcement, Ryan Schonfeld knows a thing or two about security

What can go wrong with your business growth?

Berkonomics

So, your business has begun to take off. You’ve figured out your channels of distribution, pricing model and how to support your growing list of customers. Don’t be alarmed by this next statement. That’s relatively easy.

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10 Disciplines Every Entrepreneur Needs To Practice

Startup Professionals Musings

Innovation is the key to long-term business success, both in startups as well as established organizations. Yet every business and every entrepreneur I know struggles with this challenge, focused on hiring the right people and implementing the right process.

Hyperloop Transportation Technologies Shows Off Capsule Design

socalTECH

Playa Vista-based transportation technology developer Hyperloop Transportation Technologies is showing off what it calls its "completed hyperloop capsule passenger experience", which it designed in conjunction with design firm ICONA Design Group. The design--which only exists on paper and fancy rendered graphics--will be installed in the company's first commercial passenger prototype, according to the company.

Design 162

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.

Coco Delivers Big Results With Small Robots

L.A. Business Journal

Last summer, Cyan Robotics Inc., better known as Coco, was just Brad Squicciarini, Zach Rash and a robot on the streets of Santa Monica

LA’s Greentech Industry is Growing

L.A. Business Journal

From zero-emission transportation to clean energy, L.A.’s s environmental technology industry has boomed in recent years

More Trending

EVgo Doubles Market Value to $4.7B, Partners With GM and Uber

L.A. Business Journal

EVgo Inc.’s s market value doubled to about $4.7 billion over the last couple of weeks with investors reacting positively to the Sawtelle-based EV charging station network’s quarterly results along with news of expanded collaboration with General Motors Co. and Uber Technologies Inc

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10 Keys To Adapting Quickly To A New Venture Culture

Startup Professionals Musings

As an entrepreneur, you have to improvise and adapt quickly to survive and thrive in the face of the unpredictable challenges of the market. But this improvisation a not a comedy, although there are some distinct correlations, in relation to reacting, adapting, and communicating.

5 Reasons For Monetizing The Idle Resources Of Others

Startup Professionals Musings

The pervasive ability and need to communicate constantly and globally through the Internet and smartphones is incenting everyone to get more out of their own assets and time, and capitalize on the idle resources of others.

5 Strategies To Make You A Top Performer In Business

Startup Professionals Musings

In my role as business advisor, I’m hearing more and more about workers who seem to be doing less and demanding more.

Afterparty Combines Crypto With Creators

L.A. Business Journal

David Fields has spent his whole career at the intersection of technology and the creator economy, working with companies like Walt Disney Co. and Tornante Co

TrueCar Sales Fall Amid Supply Chain Shortages

L.A. Business Journal

Santa Monica-based automotive technology platform TrueCar Inc.’s s sales tumbled as supply chain issues rocked the company, according to its third quarter earnings report

10 Startup Prospects That Multiply If You Look Ahead

Startup Professionals Musings

Traditional business intelligence (and data mining) software does a very good job of showing you where you’ve been. By contrast, predictive analytics uses data patterns to make forward-looking predictions that guide you to where you should go next.

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Classy Launches Cryptocurrency Nonprofit Donation Funds

socalTECH

San Diego-based Classy, which develops software for nonprofits, says it has added new ways for nonprofits to receive donations in the form of cryptocurrency. According to the company, it has launched a new effort with Coinbase Commerce and The San Diego Foundation to create three new Crypto Giving Funds, which it says will make it easier for cryptocurrency holders to donate to nonprofits.

Fourthwall Gets $17M, Aims To Help Creators With Ecommerce

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Los Angeles-based Fourthwall, which is launching a service to help creators with e-commerce and other related efforts. The funding came from Lightspeed Venture Partners, Initialized Capital, and Alexis Ohanian's Seven Seven Six. According to Fourthwall, it is developing tools to help creators turn their passions into full time businesses. Will Baumann is co-founder and CEO of Fourthwall.

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Raidiant Aims At Women Gamers

socalTECH

Los Angeles-based esports- and gaming-media company New Meta Entertainment said this week that it has launched a new, esports website and media site, Raidiant, which is specifically aimed at women gamers. According to New Meta Entertainment, the new website will focus on celebrating and championing opportunities for women gamers, and will include educational, social, and competitive resources for gamers.

HONK Launches New Tools For Towing Partners

socalTECH

Los Angeles-based HONK Technologies, which provides a virtual roadside assistance service, has launched a new, business management tool specifically for tow truck business owners. The company said the new Partner Performance Dashboard helps its partners measure such things as availability to take jobs, job completion rate, on-time metrics, and similar. HONK runs a virtual roadside assistance network, and partners with tow truck providers to offer up roadside service to users.

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Elude Lands $5M For Travel Booking App

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Los Angeles-based travel startup Elude said this week that it has raised $3M in a seed funding round. The company said the funding came from ATX Venture Partners, and also included Mucker Capital, Unicorn Ventures, Upfront Scout Fund, StartupO, Grayson Capital, Gaingels, Maccabee Ventures and Flight VC. Elude says it has now raised over $5M in total. Elude was founded by CEO Alex Simon and CMO Frankie Scerbo.

Cardiff Oncology Finds $15M From Pfizer

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San Diego-based precision medicine company Cardiff Oncology said this morning that the publicly traded company has received a $15M equity investment from Pfizer. According to the company, the investment comes as part of the Pfizer Breakthrough Growth Initiative, a program focused on "funding innovative science to meet patient needs". According to the company, Pfizer VP Adam Schayowitz joins the company's Scientific Advisory Board.

Miva Picks Up Strategic Investment

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San Diego-based Miva, which develops e-commerce software, said today that it has received a "significant equity investment" from growth equity investor Equality Asset Management. Financial details of the investment were not announced. According to the company, it will continue to be led by current CEO Rick Wilson. Miva said it was advised by First Analysis in the deal, with legal advisor Sheppard Mullin LLP. Equality was advised by Goodwin Procter LLP.

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CATCH'N Ice Cream Snags $1.5M Seed Funding

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Los Angeles-based TikTok influencer Dylan Lemay, who bills himself an "ice cream influencer", said on Tuesday that has has raised $1.5 million in a pre-seed funding round for a new venture called CATCH'N Ie Cream. The influener said the new company will open an "experiential" ice cream store in New York City with the funding, which came from Chris Camillo (co-foudner of Dumb Money), Joanne Molinaro (The Korean Vegan), Milad Mirg, and Anthony Baroud, among others.

Novoron Biosciences Picks Up $3M

socalTECH

San Diego-based Novoron Biosciences, a biotech company that is developing therapies aimed at reversing central nervous system (CNS) damage due to spinal cord injuries, has raised $3M in a seed fudning round. The company came from Two Bear Capital. According to Novoron, the funding will go towards develping its lead drug candidate, which has the potential to both promote axonal regeneration and repair of the myelin sheath.

Cognixion Connects With $12M For Brain-Computer Interface

socalTECH

Santa Barbara-based Cognixion, a startup which says it is developing a non-invasive, wireless brain-computer interface with augmented reality display--aimed at helping those with communications and physical disabilities--has raised $12M in a funding round. The company said the seed funding was led by Prime Movers Lab, and also included Northwell Health, Amazon Alexa Fund and Volta Circle. The company said its system enables hands-free, voice-free control of AR/XR applications in the headset.

Workiz Snags $40M In Series C

socalTECH

San Diego-based Workiz, which provides software used by home services companies to manage their teams and things like payment requests and back office operations, has raised $40M in a Series C funding. According to the company, the funding was led by Lead Edge Capital, and also included G squared and La Maison plus existing investors New Era, Magenta Venture Partners and Maor Investments. Workiz is led by CEO Adi (Didi) Azaria.

LA Kings, Sense Arena Partner On VR Ice Hockey Training

socalTECH

The LA Kings are in a partnership on virtual reality hockey training with VR training company Sense Arena, according to AEG and Sense Arena. According to the two, Sense Arena will provide its virtual reality hockey training platform to Kings' players at the team's official practice partnership. Financial details of the deal were not announced. Sense Arena says it offers up its virtual reality ice hockey training, with more than 1200 installations in 30 countries.

Faraday Future Delays Quarterly Filings After Short Seller Report

socalTECH

In an inauspicious start as a public company, Los Angeles-based electric vehicle developer Faraday Future says it is delaying its filing of its quarterly reports for the quarter ended September 30th, 2021, due to allegations of "inaccurate disclosures". According to the company, it has formed a special committee of independent directors to review allegations of inaccurate disclosures.

Rocket Lab Acquires Planetary Systems Corporation

socalTECH

Long Beach-based rocket launch provider Rocket Lab said late Monday that it has acquired Planetary Systems Corporation (PSC), a Maryland-based company developing spacecraft separation systems. According to Rocket Lab, it will pay $42M in cash and 1,720,841 shares of its common stock, plus up to 956,023 shares of its common stock based on performance earnouts for Planetary Systems. Rocket Labs says it has been using PSC's products on its Electron rocket.

Inversion Snags $10M For Space Cargo Efforts

socalTECH

Los Angeles-based Inversion, a company which says it is developing space capsules aimed at making it easier to return cargo to Earth from space, has raised $10M in a seed funding round. The funding was led by Spark Capital, and also included Y Combinator, Embedded Ventures, Funders Club, Liquid 2 Ventures, plus angels Kyle Vogt (Cruise) and David Hodge. According to the company it is developing "space capsules" for re-entry from space. The company's CEO and co-founder is Justin Fiaschetti.

Heliogen Adds Two To Board

socalTECH

Pasadena-base concentrated solar power (CSP) technology developer Heliogen said this morning that it has named two new people to its board of directors. According to the company, it will add David Crane and Paddy Padmanathan upon closing of its merger with Athena Technology Acquisition Corp. Crane previously was CEO of Climate Real Impact Solutions, and previously was CEO of NRG, and also served as COO and CEO of International Power Plc.

Moonshots Capital Backs Able In Seed Funding

socalTECH

Los Angeles-based venture investor Moonshots Capital is one of the investors in a $3.29M seed funding round for Able, a developer of financial management tools for independent workers and freelancers. According to Moonshots Capital, the funding came out of its Fund II. Able raised the seed funding from Elefund, and also included Next Coast Ventures, Signal Peak Ventures, and U.K.-based based LocalGlobe.

Intelligo Scores $22M For Financial Risk Intelligence

socalTECH

Los Angeles- and Tel Aviv-based Intelligo, a software startup which develops software for financial risk intelligence and investment due diligence, said today that it has raised $22M in funding, the company said this morning. The funding came from Felicitas Global Partners LLC. According to the company, the funding comes on top of a $15M, Series B funding in November of 2020. Intelligo is led by CEO and co-Founder Shlomo Mirvis.

Mingsight Gets $20M

socalTECH

San Diego-based MingSight Pharmaceuticals, a company that is developing treatments for chronic lymphocytic leukemia and diabetic macular edema, says it has raised $20M in a pre-Series B funding round. The funding was led by Kaitai Capital. According to the company, the proceeds of the funding will go towards clinical development of its product. Kai Zhang is CEO and co-founder of MingSight.

Electric Monster Gobbles Up Funding And A Brand

socalTECH

Los Angeles-based Electric Monster, a new startup which focuses on digital entertainment, said on Thursday that it has raised a "major round" of funding, and acquired React Media. Size of the funding was not announced. The company said the funding came in the form of a debt facility from Metropolitan Partners Group and equity capital from Heroic Ventures, Creator Capital, Together Venture Partners, and Vikrant Mathur & Alok Ranjan (the founders of Future Today Inc.).

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Machina Labs Gets $16.3M For Robotics Manufacturing

socalTECH

Los Angeles-based Machina Labs, a company which is developing robotics and artificial intelligence (AI) technology aimed at improving manufacturing, has raised $16.3M in a Series A funding round. According to the company, the funding was led by Innovation Endeavors and also included Congruent Ventures and Embark Ventures. The company said the funds will go to "significantly grow" its team in Los Angeles, as well as expand R&D and manufacturing capacity.

Mavenlink Merging With Kimble Applications

socalTECH

Irvine-based Mavenlink, which develops cloud-based software for the professional services market, and London-based Kimble Applications, said the two are merging in an effort backed by private equity investor Accel-KKR. Financial details of the business combination were not announced.