Sat.Aug 11, 2018 - Fri.Aug 17, 2018

With $40 million for AuditBoard’s risk and compliance toolkit, LA’s enterprise startups notch another win

TechCrunch LA

Daniel Kim and Jay Lee, the two founders of AuditBoard , a Los Angeles-based provider of a risk and compliance software service for large businesses, grew up middle school friends in Cerritos, Calif.

Cargomatic Collects $35M

socalTECH

Long Beach-based Cargomatic , which develops technology to connect shippers and carriers, said this week that it has raised $35M in a Series B funding round. The funding was led by Warburg Pincus, and also included Canaan, Genesee & Wyoming, Xplorer Capital and Muse Family Enterprises. According to Cargomatic, the new funding will go towards geographic expansion efforts and hiring key employees. Cargomatic develops a mobile marketplace, which helps connect short-haul carriers to shippers.

VERSES Finds $6M For Blockchain Powered VR/AR

socalTECH

Los Angeles-based VERSES , a new startup using blockchain and appling it to the virtual and augmented reality world, has raised $6M in a seed fudning, the company said Wednesday. The funding came from Blockchain Industries, Inc., Decentra Fund, and others. The company also says it is raising additional capital via a private token sale.

Ideas 100

Lucidity Announces $5 Million Funding Round

L.A. Business Journal

Marina del Rey advertising blockchain firm Lucidity (an affiliate of KR8OS Inc.) announced Aug. 15 it completed a funding round of $5 million in total, comprised of investments from six venture capital firms

Catch up to your market or be lost!

Berkonomics

Markets and competitors change. Are you being left behind?

Rapper Azealia Banks’ claims to have the inside track on Elon Musk’s Tesla take-private drama

TechCrunch LA

If Azealia Banks’ Instagram account is to be believed , Elon Musk’s tweets about Tesla’s take-private deal can be chalked up to some good ole acid and a whole lot of post-tweet frantic scrambling. Over a series of Instagram stories from the weekend, Banks (whose account should be taken with an entire salt shaker — more on that later) reported from the belly of the beast (which in this case is one of Elon Musk’s Los Angeles homes).

More Trending

Silicon Beach Report Aug. 17: SpaceX Gains NASA Fueling Approval

L.A. Business Journal

SpaceX approved for “load-and-go” procedure; Netflix testing new ads; NTS heading to Anaheim

SpaceX Launch Targeted For Next Week

socalTECH

Hawthorne-based SpaceX is targeting its next rocket launch for sometime next week, from its launch pad at Cape Canaveral Air Force Station in Florida. SpaceX has targeted the launch of the Telstar 18 VANTAGE communications satellite for a launch window starting at 11:33pm EDT on the 23rd, according to multiple sources.

SpaceX 100

South Bay Monday Club

SoCal Tech Calendar

Monday, August 20, 2018 -- South Bay Monday Club. Monday Club helps Southern California companies improve their business plan presentations and meet experts who can help them achieve their objectives. Email fredvmc@earthlink.net for more information.

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7 Excuses For Giving Up Instead Of Persevering To Win

Startup Professionals Musings

When I heard a friend and business mentor say, “Your startup won’t fail if you don’t quit,” I realized that every entrepreneur should adopt “never give up” as their mantra. Rather than quitting, there are always alternatives, like pivoting the business model or merging with new partners for support.

Silicon Beach Report Aug. 16: Tech Investor Sues AT&T Claiming ‘SIM Swap’ Scam

L.A. Business Journal

Cryptocurrency investor Michael Terpin sues AT&T over “SIM swap” scam; Cargomatic raises $35M in series B round; Boeing acquires El Segundo-based satellite and flight-plan maker

NTS Shifts Operations To Anaheim

socalTECH

National Technical Systems (NTS), a provider of qualification testing, inspection, and certification services to the electronics and other markets, has shifted its corporate operations to Anaheim, from three offices in Calabasas, Fullerton, and Brea. According to NTS, it has opened a new "Corporate Center" in Anaheim, which will house its finance, accounting, marketing, procurement, human resources, contract administration, and information technology operations.

You’re Doing It Wrong: Stop Making a Mess Out of Your App’s Time Zones With UTC

Inverted Software

At Inverted Software we craft dozens of apps and APIs per year for our customers. One of the many challenges every client / server system face is the synchronization of time.

7 Keys To The Investor Challenge For Your New Venture

Startup Professionals Musings

According to the entrepreneurs I advise, the biggest challenge they typically face in starting a new business is funding. It consistently takes a huge amount of time and effort to find an investor you can trust, and that constrains your efforts in developing the solution you envision.

Tinder Sues Parent Company

L.A. Business Journal

Match Group dating app subsidiary Tinder Inc. has filed a lawsuit against parent company InterActiveCorp., alleging IAC purposefully undervalued the company to avoid proper payouts to executives

Walmart Labs Plans Major San Diego Area Expansion

socalTECH

Walmart Labs , the technology arm of retail giant Walmart , is planning a major expansion in San Diego--hoping to tap into the area's deep depth of technology talent. According to Walmart, it is planning to triple its headcount in San Diego, as it expands into a new office which is triple the size of its existing operation in the city. According to Walmart Labs, it plans to triple its San Diego headcount to over 180, and expand into a new building which is around 30,000 square feet.

Would Uber’s IPO Be a Revival or a Reckoning?

Xconomy

In its early years, Uber was a headstrong force knocking down preconceived ideas about transportation and, along with Lyft, sparking the imaginations of countless entrepreneurs who are now building a new industry called “mobility.”

Ideas 69

7 Lead-Generation Tactics Thrive On Limited Budgets

Startup Professionals Musings

Contrary to popular opinion, viral marketing has not eliminated the need for old-fashioned lead generation to bring customers to a startup.

SEM 79

Silicon Beach Report Aug. 15: AuditBoard Nets $40 Million

L.A. Business Journal

Risk and compliance software company AuditBoard raises $40 million; Bird, Lime lead e-scooter protest in Santa Monica; Tinder sues parent company

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Millenium Space Systems Acquired By Boeing

socalTECH

El Segundo-based Millenium Space Systems , a developer of small satellite systems, has been acquired by Boeing , Boeing said on Thursday. Financial details of the acquisition were not announced. Boeing said that Millennium Space Systems has approximately 260 employees. Millennium was founded in 2001, and was led by CEO Stan Dubyn. According to Boeing, Millennium Space Systems will become a subsidiary of the company, and will report to the company's Phantom Works division.

Startup San Diego Announces New Executive Director – Press Release

Startup San Diego

SAN DIEGO — Aug 16, 2018 — Startup San Diego, is a nonprofit organization which fosters collaboration amongst entrepreneurs, mentors, and investors to accelerate and grow the greater San Diego startup community. After 6 years of consistent growth. with the help of passionate volunteers, the organization is thrilled to announce it has hit an important […]. The post Startup San Diego Announces New Executive Director – Press Release appeared first on Startup San Diego.

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10 Success Strategies Without Requiring Alpha Leaders

Startup Professionals Musings

The reigning theory in business has long been that “alpha” leaders make the best entrepreneurs. These are aggressive, results-driven achievers who assert control, and insist on a hierarchical organizational model.

Silicon Beach Report Aug. 14: Snapchat Gives Creators AR Power

L.A. Business Journal

Snapchat enlists Nicki Minaj to show how AR tools let users shop in RL; SpaceX invites guests into the Dragon X; Treyarch testing Battle Royale mode

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Cylance Aims To Secure Political Campaigns

socalTECH

Irvine-based cybersecurity software developer Cylance said today that it is looking to secure all of 2018's U.S. political campaigns, by offering up its software at no cost to political campaigns and candidates. Cylance cited an "unprecedented number of threats" to the democratic process.

Ford’s Autonomic Pairs With Alibaba Cloud On Mobility Hub for China

Xconomy

Ford—one of the automakers competing in China’s huge car market—is now making a bid to provide China’s leading software infrastructure hub dedicated to streamlining transportation by connecting cars and riders with mobility services. Ford’s recently acquired unit Autonomic , which co-created the automaker’s Transportation Mobility Cloud (TMC), inked a deal Tuesday to partner with Alibaba Cloud, the cloud computing division of Chinese e-commerce giant Alibaba.

Silicon Beach Report Aug. 13: Chrome River Inks Deal With Exxon

L.A. Business Journal

Chrome River picks up ExxonMobil; Wells leaving Netflix; Bird scooters face vandalism

Wired Looks At The Early Days Of Sonos

socalTECH

How, exactly, did Santa Barbara-based Sonos get to where it is today? In an in-depth look, Wired just posted a long article charting the path of Nick Millington, the Chief Product Officer at Sonos , and the evolution of the company's whole home sound systems. Sonos just became the latest Central Coast company to have an IPO, one of a long string of successful technology startups to come out of the region. READ MORE>>. wired sonos nick millington interview startup entrepreneur

Stamps.com Completes $220M MetaPack Buy

socalTECH

El Segundo-based Stamps.com said Wednesday afternoon that it has completed its $220M acquisition of UK-based MetaPack Ltd. , a provider of e-commerce shipping software. Stamps said it paid approximately $220M in fash, from its existing cash and investments, for MetaPack. The deal had originally been announced in July. According to Stamps.com, it plans to operate MetaPack as a wholly owned subsidiary, under its existing management team. MetaPack was founded in 1999.

The Boring Company Aims To Connect Red Line, Dodger Stadium

socalTECH

The Boring Company , the Los Angeles company founded by Elon Musk to create underground transportation systems, said late Wednesday evening that it is proposing a new, high speed, underground public transportation system specifically designed to connect Los Feliz, East Hollywood, or Rampart Village neighborhoods to Dodger Stadium. According to The Boring Company, the system would connect the Red Line to Dodger Stadium, allowing fans to get to Dodger Stadium in under 4 minutes.

Insights: Mobile Gaming Founders Blazing New Trails

socalTECH

In our Insights and Opinions section, we regularly feature contributions from the local community about the local technology ecosystem. Today, we have an opinion piece from Ed Guerrero of Silicon Valley Bank, on the mobile gaming industry. One of the best things about working at Silicon Valley Bank in Los Angeles is the access to amazing founders and companies.

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