Sat.Dec 16, 2017 - Fri.Dec 22, 2017

Passport, the technology business for city transit systems, raises $43 million

TechCrunch LA

Passport, company that's managing much of the technical aspects of how people pay to use public transportation resources in cities like London, Miami and Los Angeles, has just raised $43 million.

Several more real costs of taking outsider investments.


Close. Let’s talk about the reality of taking money from professional investors. It is not the first time we’ve covered this general subject nor the last. But this time, we concentrate upon governance changes.

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Cavities just everywhere.


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Silicon Beach Report Dec. 21: Northrop Grumman and Lockheed Martin Win Swarming Cruise Missile Development Contract

L.A. Business Journal

Northrop Grumman and Lockheed Martin win swarming cruise missile development contract; GumGum to exceed $100 million in revenue in 2017; and founder of Timehop left Snap after less than a year

Passport, the technology business for city transit systems, raises $43 million

TechCrunch LA

Passport, company that’s managing much of the technical aspects of how people pay to use public transportation resources in cities like London, Miami and Los Angeles, has just raised $43 million.

Social Media Cyber Threats: 3 Predictions for 2018


Ransomware: Social media will be the number one vehicle for ransomware distribution in 2018. Currently, there are nearly 1 million social media accounts compromised every day, and that number will continue to rise, thanks to the plethora of easily identifiable targets.

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Silicon Beach Report Dec. 22: CNN Cancels Snapchat Show Due to Unclear Path to Profit

L.A. Business Journal

CNN cancels Snapchat show due to unclear path to profit; FabFitFun expands distribution with app for Apple TV and Amazon Fire; and Facebook and Universal Music strike multi-year licensing deal

A Growing Need for AI: Security Pros Waste 10 Hours a Week Due to Inadequate Software


More than 90 percent of IT pros who use AI say it has improved their cyber security operations

Lessons Learned from the OPM Breach


VIDEO: Michael Daniel, President of the CTA and former official in the Obama Administration, provides insight into what went wrong at OPM and why encryption isn't enough


A year in review: productboard’s top 10 posts from 2017


At productboard we aim to bake best practices of product management straight into the interface, so you can improve the way you manage your products right out of the box. In the meantime, we’ll continue publishing thoughts and ideas we’ve learned from great product managers here.

SpaceX Launches Iridium Satellites Into Space In Stunning Light Show


Hawthorne-based SpaceX successfully launched a payload of ten satellites into space for satellite constellation operator Iridium on Friday evening, from Vandenberg Air Force Base--in a launch which turned heads across the Los Angeles area. SpaceX placed 10 Iridium satellites in the Iridium-4 mission, putting a "flight tested" Falcon 9 into space at 5:27 p.m.

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Science Launches Bitcoin Mining Effort


Santa Monica-based Science , the startup studio led by former MySpace CEO Michael Jones, says it is booting up an effort to launch its own, bitcoin "mining" facility here in the United States, using renewable energy. Science said the effort comes out of Science Blockchain, its incubator which is focused on funding and growing companies in the Blockchain space.

SpaceX Targets Launch From Vandenberg At 5:27 p.m.


If you are anywhere along the Central Coast tonight, up near Santa Barbara, don't be surprised if you see a spectacular flame from the North, as Hawthorne-based SpaceX launches a payload of satellites into space just after sunset. According to SpaceX and military officials at Vandenberg Air Force Base, in Lompoc, SpaceX is slated to lift off 10 satellites from Iridium from Space Launch Complex 4E at 5:28 p.m.

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How to Set SMART Hiring Goals in 2018


With 2017 nearing an end, it is time to take a step back, assess your talent acquisition accomplishments and establish new goals for the coming year. As stagnant recruitment strategies make way for smart goals, recruiters need to make time and keep up with the changing trends. Keep your recruiter game strong even in a […]. The post How to Set SMART Hiring Goals in 2018 appeared first on Jobsoid. Applicant Tracking System

TunesMap Targets Sonos, Apple TV Users With Music App


Pacific Palisades-based TunesMap , the developer of an interactive, immersive music application, says it has launched a beta of a new music application which it says adds "photos, films, art, fashion, videos, merchandise, news and more" to music for Sonos users, in conjunction with Apple TV. The startup is led by G. Marq Roswell, and says it is looking provide a "seamless cultural exploration around any song".

FabFitFun Launches TV App, Expands Video Efforts


West Hollywood-based online lifestyle brand FabFitFun said on Thursday that it is planning to "significantly" expand its video content, with the launch of a new FabFitFunTV App and more videos and content for its streaming service, FabFitFunTV. The company said the app is launching initially on Apple TV and Amazon Fire, and will roll out on Roku next year.

Ignyta To Be Acquired By Roche For $1.7 Billion


San Diego-based precision medicine developer Ignyta has agreed to be acquired by biopharmaceuticals giant Roche , in a $1.7 billion deal, the two said late Thursday evening. According to the two, they are in a definitive merger agreement, where Roche will acquire Ignyta for $27.00 per share in cash, or $1.7 billion. The companies said the price is a premium of 74% on Ignyta's closing price on Thursday. READ MORE>>.

Faraday Future Reportedly Raises $1 Billion In Funding


Los Angeles-based Faraday Future , the troubled electric car maker, has reportedly raised $1 billion in new funding, according to a Chinese publication. The company has not announced the alleged funding round in the United States, and there has been no additional confirmation of the funding. Faraday Future recently lost its chief designer , along with three other key executives , and employees apparently had stopped showing up for work sometime in November.

News 100

Section 32, Led By Former Google Ventures' Bill Maris, Aims At $250M Second Fund


San Diego-based Section 32 , the venture capital investment fund of former Google Ventures CEO and founder Bill Maris, is looking to raised $250M for its second fund, Section 32 Fund 2. According to a regulatory filing detailing the new fund, so far the fund has yet to sign up its first investor. Section 32's first fund, worth $151.3M, was only raised in May. Section 32 is just one of a large number of new venture capital investment firms to set up shop in Southern California in 2017.

Google 100

Amazon Acquires Ring's Video Doorbell Competitor, Blink


E-commerce giant Amazon has acquired wireless camera maker Blink , one of the competitors to Los Angeles-based video doorbell maker Ring , Blink said Friday. Financial details of the acquisition were not announced. Ring, led by serial entrepreneur Jamie Siminoff, has seen enormous success in adoption of its smart, connected doorbells, which let users answer the door remotely, record video of visitors (or burglars), and more; the company also has expanded into security cameras.

Zenlayer Buys C3 Networks


Los Angeles-based Zenlayer said this week that it acquired the majority of the assets of C3 Networks , a provider of network services. Financial terms of the acquisition were not announced. Zenlayer is a provider of software defined networks and services, and is venture backed by F&G Venture and NSFOCUS. READ MORE>>. zenlayer networks merger acquisition networking colocation cloud software defined

GumGum Passes $100M In Annual Revenues Mark


Santa Monica-based GumGum , which is using computer vision in the programmatic advertising market, sports, and social media, said today that it has just passed up the $100M in revenues mark. The company, led by CEO Ophir Tanz, said those revenues represent 53 percent year-over-year growth for the privately held firm. GumGum said its revenues in 2016 were $72M, and it expects to have revenues of nearly $110M in 2017.

Veritone Acquires Atigeo


Costa Mesa-based artificial intelligence software developer Veritone said late Wednesday that it has acquired the software and intellectual property of Atigeo Corporation. Financial details of the acquisition were not announced. Atigeo said it acquired the software plus 60 issued and pending patents covering various aspects of Atigeo's data science technology. The company also said it plans to hire former Atigeo data scientists and software engineers.

Interview with Richard Sussman, NordicEye


For today's interview, we spoke with Richard Sussman , who is leading up investments for a new venture capital firm in town, NordicEye (, which just saw a big exit in one of its very first investments, Los Angeles-based Weblife. NordicEye invested $3M for a 30 percent stake in Weblife a year ago, and just sold the firm to Proofpoint for $66M.

Silicon Beach Report Dec. 20: HappyReturns Raises $8 Million

L.A. Business Journal

HappyReturns raises $8 million, Elon Musk accidentally posts phone number to Twitter; and Faraday Future’s Jia Yueting to become CEO and finds new financing

Report 100

SpaceX Targets Launch From Vandenberg On Friday; Falcon Heavy In Florida


Hawthorne-based SpaceX 's next launch is planned for Friday, with a plan to launch another set of satellites for Iridium from Vandenberg Air Force Base, just north of Santa Barbara, on Friday. SpaceX also has sent its new rocket, the Falcon Heavy, to Florida, where it expects to conduct static firing tests for an upcoming launch early in the year. According to SpaceX, it is targeting a December 22nd launch of the Iridium-4 from Vandenberg.

SpaceX 100 Picks Up $1.5M in Funding


San Diego-based , a startup developing web content management systems, said on Wednesday that it has raised $1.5M in a new funding. The funding came from ClearVision Equity Partners, a local San Diego investors. According to, the new funding comes on top of an existing investment, bring its total raised to $2.8M.

Penske Media Buys Rolling Stone Magazine


Los Angeles-based Penske Media said on Wednesday that it is buying a majority of Rolling Stone magazine. Financial details of the deal were not announced, however, reports say the deal values Rolling Stone at more than $110M. Penske Media is led by Jay Penske. The media firm already owns such titles as Variety,, Robb Report, and other online and print publications. Penske has recently been acquiring brand name, print publications, and adapting their operations to a digital world.

Media 100

Newegg Powers Fulfillment For eBay China


Los Angeles-based online technology retailer Newegg said this morning that it has begun powering fulfillment and logistics for eBay China , and is helping eBay sellers in the country of China with "last-mile" delivery ito the United States. Financial details of the deal were not announced, however, NewEgg said it is providing support in stocking and fulfilling orders for the domestic market in the U.S. for eBay China.

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RealD Sues Volfoni, CinemaNext


Los Angeles-based 3D movie projection technology developer RealD has filed a patent infringement lawsuit against two companies in Germany, Volfoni and CinemaNext , allegig the two are infringing on a number of its patents. According to RealD, it filed suit against Volfoni SAS, Volfoni GmbH and CinemaNext Deutschland Gmbh in a court in Dusseldorf, Germany, and is seeking an injunction banning the sale of the infringing devices and seeks financial damages.

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