Sat.Apr 13, 2019 - Fri.Apr 19, 2019

The Truth About the Scooter Economy?—?An Insider’s Perspective

Both Sides of the Table

The Truth About the Scooter Economy?—?An

Red 6 Aerospace Lands $2.5M For AR Technology

socalTECH

Los Angeles-based Red 6 Aerospace , a startup developing Augmented Reality software aimed at used in what it says are "high-speed, dynamic environments", has raised $2.35M in a seed funding round. The funding was led by Moonshots Capital, and also included Irongate Capital Advisors, as well as angel investors. The company was founded by a veteran of the Royal Air Force, Daniel Robinson, a former fighter pilot for the RAF.

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Qualcomm, Apple End Worldwide Legal Fights with Settlement Agreement

Xconomy

Wireless giant Qualcomm and smartphone maker Apple have been publicly feuding in courts around the globe, accusing one another of illegal business practices for more than two years. On Tuesday, the companies announced that the litigation between the two tech firms would be dismissed.

Kindbody raises $15M, will open a ‘Fertility Bus’ with mobile testing & assessments

TechCrunch LA

Kindbody , a startup that lures millennial women into its pop-up fertility clinics with feminist messaging and attractive branding, has raised a $15 million Series A in a round co-led by RRE Ventures and Perceptive Advisors.

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The four “P’s” to help you build a great business

Berkonomics

How do you manage a great business, as opposed to be a survivor? Well, here are the four areas you should focus upon every day. Now, some of us remember things better when given a catchy phrase or rhyme. So, here’s one to help you with squeezing the most out of your own available resources. In this new reality in our business world, there is certainly little room for mistakes and no room for bloat within our companies. Preventing them is our responsibility. The first “P” stands for people.

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j2 Global Buys Four More Companies

socalTECH

Los Angeles-based j2 Global , the parent company of such companies as IGN, Mashable, eFax, and eVoice, has gobbled up four more companies, saying this morning that it has acquired Armada Cloud , a provider of cloud-based backup services; iContact , a provider of marketing cloud services; SafeSend AS , a Norwegian company in the cloud security business; and Telsys AS , a cloud backup service also based in Norway.

How an Ohio Kids’ Hospital Quietly Became Ground Zero for Gene Therapy

Xconomy

If a once-modest regional hospital and its new biotech allies have their way, the capital of Ohio could one day rival America’s other biomedical hubs. Our goal is to make Columbus the center of the universe for gene therapy,” says Doug Ingram, CEO of Sarepta Therapeutics.

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CTO Awards

SoCal Tech Calendar

Monday, April 22, 2019 -- LABJ CTO Awards. This event will honor Chief Technology and Information Officers and others who are in the top information technology positions within their organizations. These important individuals and teams play vital roles in making Los Angeles a hub for innovation, and in making its businesses, institutions, and nonprofits successful. See [link] (more

CTO 100

Enevate Gets Funding Injection From Thai Energy Giant

socalTECH

Irvine-based battery charging technology developer Enevate , which is aiming its technology at the electric vehicle (EV) market, announced this morning that it has received a round of funding from Bangchak , a Thai energy company. Enevate said the funding came via the Bangchak Initiative and Innovation Center (BiiC). Financial details and terms of the deal were not announced by the company.

Bio Roundup: Nationwide’s Rise, a Surgeon’s Quest, CRISPR USA & More

Xconomy

Persistence and perseverance were the themes of two of our top stories this week. First there’s the story of Nationwide Children’s Hospital. The Columbus, Ohio, hospital chose to invest in gene therapy when the field was in its darkest days.

7 Keys To Optimizing Your Investment In Social Media

Startup Professionals Musings

Image via Pixabay If you are a business owner today, and not using social media to promote your business, you are missing out on a huge opportunity. But, contrary to what most people preach, it isn’t entirely free.

Rael Rolls Out At Target

socalTECH

Los Angeles-based Rael , a venture-backed startup which provides natural and organic feminine care products, says its products are now on the shelf at Target. According to Rael, its products--which include cotton pads, pantyliners, and feminine wash--will be available both at Target's 1,850 physical stores, as well as online. Rael is backed by $17.5M in funding from such investors as SoftBank Ventures Korea and Thrive Market Ventures.

Western Digital Names New CFO

socalTECH

Western Digital Corp. which has major operations in Irvine, announced this morning that it has named Robert Eulau as its new Executive Vice President and Chief Financial Officer (CFO). Eulau takes over the CFO post from Mark Long, who is leaving the company in June. Eulau was previously CEO of Sanmina Corporation, where he also had been CFO for eight years; he also served in CFO roles at Alien Technology Corporation and Rambus, and had also served at Hewlett-Packard Company.

Semtech Chalks Up LoRa Win For Construction, Mining Equipment

socalTECH

Camarillo-based wireless semiconductor developer Semtech has chalked up another design win for its low power, wireless LoRa technology, saying that a developer of fleet management products for the construction and mining industry has adopted its technology. Semtech said MachineMax has integrated its LoRa devices and wireless radio frequency technology into a "smart" construction machine usage tracking solution.

LA's AET Fund Raises $50M For Entertainment Technology Investment

socalTECH

A new, Los Angeles venture capital fund, AET Fund said on Wednesday that it has raised $50M to make investments in entertainment technology, and hired someone to head up its U.S. investment efforts. AET Fund--short for Akatsuki Entertainment Technology Fund--said it has hired Mark Linao as Principal, responsible for managing the company's $50M fund and its operations in United States. AET Fund had said last year that it would be establishing its venture funding efforts in Los Angeles.

AdGreetz Rolls Out Automated, Personalized Ad Marketing Platform

socalTECH

Los Angeles-based AdGreetz , which develops personzlied advertising technology, announced a new product this morning, and automated and integrated marketing platform it calls AdChef. AAcording to the company, the new software allows companies to produce, upload and deploy millions of unique creative versions of ads to the most popular digital media platforms and demand side platforms, in real time.

Bloom Energy Gets Alternative Energy Win In Alhambra

socalTECH

A new, urban community in the Los Angeles area-- The Alhambra , a new 40-acre "mixed-use" community in the City of Alhambra--is jumping on the clean energy bandwagon, and will adopt fuel cell technology from Silicon Valley's Bloom Energy.

Thin Line Capital Backs Solar Technology Developer

socalTECH

Pasadena-based venture capital investment firm Thin Line Capital , a new venture capital firm led by venture veteran Aaron Fyke, has made its first investment, in a developer of solar technology. According to Thin Line Capital, it has made an ivnestment in Sistine Solar , which is developing technology which allows solar panels to blend in visually with roofs--using a special thin film coated with "ultra-durable" graphics and patterns.

HG Insights Powers New Forrester Market Research Offering

socalTECH

Santa Barbara-based software developer HG Insights is powering a new market research offering from research and advisory giant Forrester, to power Forrester's new Business Technographics Service. According to the two companies, Forrester will use "technographics" from HG Insights, to help Forrester's customers see technology adoption trends in more than 45 different markets worldwide.

California Dominates In Electric Vehicle Adoption, As EV Adoption Grows

socalTECH

California dominates the United States in terms of electric vehicle (EV) adoption, according to new numbers on EV adoption were released on Monday, representing 46 percent of all new electric vehicle registrations in 2018. According to research firm IHS Markit, the U.S. market for fully electric vehicles hit a record volume of 208,000 cars registered during the year of 2018, as electric vehicle volumes have reached record highs.

Forge Technologies Rolls Out Job Sharing At Mall of America

socalTECH

Los Angeles-based Forge Technologies , a startup developing job-sharing software which lets businesses share part-time labor, says it has rolled out at the Mall of America , the giant mall in Bloomington, Minnesota. According to Forge, it is in a partnership with the Mall of America, which is offering up businesses the ability to join Forge's network.

Utilities Eye West Coast, EV Charging Corridor For Long Haul Trucks

socalTECH

Is it possible to transform the long haul trucking industry from being based on pollution emitting diesel to all electric? A group of nine electric utilities and two agencies on the West Coast of the United States said on Thursday they have launched an effort to explore electric vehicle (EV) charging to enable "zero-emission" shipping along the I-5, connecting California, Washington, and Oregon by an all-electric shipping cooridor.

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Soylent Launches Snack Bar Line, Soylent Squared

socalTECH

Los Angeles-based alternative nutrition maker Soylent is re-entering the energy bar market, saying on Thursday that it has launched a new product called Soylent Squared , new 100-calorie solid bars in three different flavors. Soylent Squared said that the new bars are designed to provide a "mini meal" for people who are "sick of the typical sugar-loaded, chocolate covered protein bar."

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San Diego's Express Logic Acquired By Microsoft

socalTECH

San Diego-based Express Logic , a developer of real-time operating systems (RTOS) used heavily in industrial settings, has been acquired by Microsoft , in a bid to extend Microsoft's footprint into the real time OS arena. According to Microsoft, it will use the acquisition of Express Logic to expand its support for IoT devices, and as a complement to its security offering for microcontrollers, Azure Sphere.

Gen.G Finds $46M For E-Sports Effort, Plans New LA Headquarters

socalTECH

Gen.G , a South Korean e-sports organization which runs such a network of e-sports teams, has raised $46M in a celebrity-packed funding round, and plans to set up a new headquarters in Los Angeles. According to Gen.G,

Climate Change Skeptics In Los Angeles Face Heat Wave, Smog, Wind In Ecobee Gag

socalTECH

If you can't convince them, at least you can bake them, subject them to smog, and hurricane force winds--at least, that apparently was the theory of a marketing push by "smart" thermometer maker Ecobee , which just launched a video marketing push ahead of Earth Day featuring a number of Los Angeles area climate change skeptics.

Quest Buys ApexSQL

socalTECH

Aliso Viejo-based software developer Quest Software announced on Thursday morning that it has acquired ApexSQL , a developer of SQL Server development and database tools. Financial terms of the deal were not announced. Quest Software is a developer of IT systems management, data protection, and cybersecurity software.

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Scopely Expands In Culver City

socalTECH

Fast growing, Los Angeles-based mobile games and entertainment developer Scopely is in a big expansion, and has agreed to lease another 60,000 square feet of office space in Culver City, according to the company's broker, CBRE. According to CBRE, the expanded space will help Scopely more than double its Los Angeles footprint by 2020, significantly expanding its headquarters. The project is expected to be complete late next year.

Cornerstone OnDemand Aims At SMBs With Free Trial Offer

socalTECH

Santa Monica-based cloud-based learning and human capital management provider Cornerstone OnDemand is looking to attract more small business customers, as it extends from its core enterprise market, by offering up a free trial to those businesses. According to Cornerstone OnDemand, it has launched a 14-day free trial for small businesses, giving access to its "PiiQ" learning management system to companies for free.

Kyriba Acquires FiREapps

socalTECH

San Diego-based cloud treasury and finance software developer Kyriba announced this morning that it has completed its acquisition of FiREapps , a developer of enterprise currency management software. Financial details of the deal were not announced. According to Kyriba, the acquisition will give it a solution for managing global foreign exchange (FX) risk, and specifically will help finance chiefs mitigate the impact of currency fluctuations on earnings per share (EPS).

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Slingshot Aerospace Lands $5M In New Seed Round

socalTECH

Los Angeles- and Austin-based Slingshot Aerospace , which develops artificial intelligence software that automatically processes large amounts of imagery data collected by drones, satellites, and aircraft, has raised another $5M, in a new seed funding round. The round was led by ATX Venture Partners, and also included the Rise of the Rest Seed Fund, part of Revolution, the investment firm led by former AOL co-founder Steve Case.

Ensysce Biosciences Names New CFO, COO

socalTECH

San Diego-based Ensysce Biosciences , a clinical phase, drug development company aiming at overcoming prescription drug abuse and overdose issues, said it has named a new CFO and COO this morning. According to the firm, it has named Kurt Schmidt as Chief Financial Officer, and Geoff Birkett as Chief Commercial Officer.

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SpaceX Falcon Heavy Core Lost To Heavy Seas

socalTECH

The core of the Falcon Heavy rocket--which was successfully landed on a drone ship last week, in the first commercial Falcon Heavy launch by Hawthorne, California-based SpaceX , has been lost in the Atlantic, according to SpaceX. Apparently, the Falcon Heavy's center core was lost due to eight to ten foot swells in the oceans off Cape Canaveral. SpaceX had landed the center core at sea, and two booster rockets on land in its launch of the Arabsat-6A high capacity telecommunications satellite.

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Report: Clearlake Capital Seeks To Sell Perforce

socalTECH

Santa Monica-based private equity investor Clearlake Capital is hoping to sell one of its portfolio companies, Perforce Software , for around $2 billion, according to a report from Bloomberg over the weekend. Perforce has been owned by Clearlake Capital since January of 2018. Perforce is a developer of source control software, which is used by software engineering teams to manage software source code and software releases.

Corent Wins MapR Technologies

socalTECH

Aliso Viejo-based Corent Technologies , which develops cloud migration software, and AI and data analytics software developer MapR Technologies said this morning that MapR Technologies has selected Corent's SurPaaS platform to help customers access MapR's Data Platform for AI. Financial details of the deal were not announced.

Clubspeed Acquired By Private Equity Investor Nadavon

socalTECH

Corona, California-based Clubspeed , which develops software used to manage go karting tracks, race tracks, trampoline parks, and family entertainment centers, has been acquired by private equity investor Nadavon Capital Partners , the two said over the weekend. Financial terms of the deal were not announced. According to the two, Nadavon Capital Partners acquires a majority stake in Clubspeed, and has appointed Nadavon CEO Rmir Bosu as the CEO of Clubspeed. Nadavon is based in Newport Beach.

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CalAmp Acquires Synovia Solutions For $50M

socalTECH

Irvine-based CalAmp , a provider of fleet tracking services, announced this morning that it has acquired Synovia Solutions , a company that operates in the fleet safety and management business for the K-12 school bus and state and local government fleet market, in a move to boost its software-as-a-service revenue.

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