Sat.Apr 06, 2019 - Fri.Apr 12, 2019

DroneBase raises capital and partners with FLIR Systems to train pilots on thermal imaging tech

TechCrunch LA

Publicly traded sensor technology developer, FLIR Systems , is investing in a strategic round of funding for the outsourced drone imaging company, DroneBase.

CyberSecurity: 5th Generation Threats- What We Know. Should Know. And, Don't Know.

SoCal Tech Calendar

Wednesday, April 17, 2019 --.

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Why You Can’t Get Serious About Productivity Unless You Optimize How Your People Use Your Space

Both Sides of the Table

I fund startups for a living and before that I ran two software startups that I founded. I’ve spent countless hours looking at historical finances, budgets, forecasts and future projections.

Here’s how NOT to define your competition

Berkonomics

We investors see this all the time. An entrepreneur pitches using a deck with no slide for competition. When asked (as we always do,) the response is “This is new. We have no competition.”. Niet! Unh unh. Professional investors laugh when they hear an entrepreneur come out with that one.

The team behind Baidu’s first smart speaker is now using AI to make films

TechCrunch LA

The HBO sci-fi blockbuster Westworld has been an inspiring look into what humanlike robots can do for us in the meatspace.

Which Circle Do You Want To Be In…The Blue One (NHL) or the Red One (TED)?

Eric Greenspan

The NHL centre ice circle is blue. The TED carpet that speakers stand on is a red circle. Both are highly desired places to stand, speak or skate. But the best way to get to either is to focus on what will get you there, not on getting there. Focus on the work, development, the achievements and the ride, and maybe, although unlikely, you’ll stand in one of those circles one day. As a TED attendee and TEDx host, I often hear and see the statement “I want to do a TED Talk.”

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More Trending

VC Trends in 2019: More Money, Fewer Deals But Women Still Get Less

Xconomy

If you’ve been following venture capital trends, what you expected to happen in the first quarter of 2019 did: More money is being invested in fewer deals, and women founders still are getting less of it than men. Venture firms sent $32.6

With a new CEO and fresh funding from Upfront, healthy prepared food delivery service Territory looks to grow

TechCrunch LA

With a new chief executive officer and $4 million in fresh funding from investors including the Los Angeles-based investment firm, Upfront Ventures, Territory Foods is poised for growth.

2019 SFVBJ Women's Council

SoCal Tech Calendar

Wednesday, April 17, 2019 -- 2019 SFVBJ Women's Council. San Fernando Valley Business Journal.The San Fernando Valley Business Journal is proud to present the 2019 Women's Council Awards at the Hilton Woodland Hills. The San Fernando Valley Business Journal is proud to present our Women's Council Awards at the Hilton Woodland Hills. At the luncheon awards program, we will honor women who have made a difference throughout the Valley area.

SpaceX Seeking $510M In New Funding

socalTECH

Hawthorne-based SpaceX is looking to raise another $510M in funding--the second time the firm has gone out for funding this year-- according to a regulatory filing from the firm. The funding will bring SpaceX's total raised to more than $2.75 billion, and reportedly values the rocket firm at over $30 billion. The new funding came to light after another, successful launch for the company--the first, commercial flight of a Falcon Heavy rocket on Thursday. READ MORE>>.

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Thwarting Opposition, Bristol Gets Shareholder OK for $74B Celgene Buyout

Xconomy

The early opposition has turned out to be just noise. Shareholders of Bristol-Myers Squibb today approved the pharma giant’s planned buyout of Celgene, paving the way for a deal that will create one of the largest biopharma organizations in the world, and send ripples throughout the sector.

Semtech Gets Design Win With Aerospace Manufacturer

socalTECH

Camarillo-based semiconductor developer Semtech has chalked up another design win for its LoRa wireless radio frequency technology, saying that its technology has been selected by an aerospace manufacturer, Ineo-Sense , for it smart asset tracking tools. Semtech said its wireless technology is being used in Ineo-Sense's "Clover-Core" sensor products, used for asset tracking in manufacturing settings. Shipment volumes and other details on the win were not announced.

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XPRIZE Gives $1M Award To Israeli Moon Landing Team

socalTECH

Los Angeles-based XPRIZE , which organizes prize competitions to inspire people to advance technology to help change the world, said last night that it has awarded a $1M "Moonshot Award" to SpaceIL , the Israeli team which attempted a moon landing on Thursday. XPRIZE said it decided to recognize the successful lunar orbit and (not-so-successful) landing attempt for its contribution to private space exploration.

Procore Joins Philanthropy Movement

socalTECH

Carpinteria-based cloud software developer Procore Technologies , which develops cloud- and mobile- software for the construction industry--and is one of Southern California's multi-billion valuation unicorn startups --says it has joined Pledge 1% , a philanthropic group which challenges technology companies to pledge 1 percent of their equity, product, and employee time for their communities.

EvoNexus Launches Fintech Incubator

socalTECH

San Diego-based startup incubator operator EvoNexus is launching a brand new, financial technology (Fintech) incubator, in a partnership with Royal Bank of Canada (RBC) and Franklin Templeton , the incubator announced this morning. According to EvoNexus, the incubator will work with startups focused on technology areas that will impact financial services companies of all sizes and the customers they serve.

Core Innovation Capital Plans $100M, Third Fund For Fintech Investments

socalTECH

Los Angeles-based fintech venture capital investor Core Innovation Capital is out looking for new investors in its third fund, with a target of $100M, according to regulatory filing by the firm on Friday. The fund--managed by Arjan Schutte and Kathleen Utecht--invests in financial technology companies, and counts such portfolio companise as Fair , Honest Dollar (acquired), CoverHound , Mirador (acquired), Nerdwallet , Ripple , Tio (acquired), and many others.

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GoGuardian Names CFO

socalTECH

Los Angeles-based educational software developer GoGuardian , a developer of. software for the K-12 market, said it has named Mike Jonas its new Chief Financial Officer. Jonas was most recently CFO of ThriftBooks, and also had been at Microsoft for 14 years.

SRAX Runs Into Financial Reporting Issues

socalTECH

Los Angeles-based Social Reality (SRAX), which developing digital marketing and consumer data management software--and more recently, has tried to launch its own cryptocurrency called BIGtoken--said it is restating its results all the way back to March of 2017. According to the company, both its quarterly results and yearly financial statements should "no longer be relied upon", including press releases involving those financial statements.

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HyperX Rolls Out New Gaming Headsets

socalTECH

Fountain Valley-based videogame accessory maker HyperX , which is part of Kingston Technology, has rolled out a new product today, a new set of headsets that it says are the first on the market to ship for less than $100. The company says its HyperX Cloud Stinger Wireless gaming headset and HyperX Cloud Alpha Purple Edition are both now shipping, with up to 17 hours of battery life on a single charge. Both of the headsets will have an MSRP of $99.99.

FastPay Links With Advantage Software

socalTECH

Los Angeles-based FastPay , which provides receivables financing to help online publishers and media receive faster payment on their ad inventory, says it has linked up with Advantage Software , an agency management systems provider, in an alliance. According to the companies, the deal will help Advantage offer up B2B payments via virtual card, ACH, portal, secure fax, and checks. Financial details of the link between the companies were not announced. FastPay is led by founder and CEO Jed Simon.

Bird Plans Massive European Expansion

socalTECH

Santa Monica-based, last-mile, scooter rental service Bird said on Friday that it plans a massive, European expansion this summer, with plans to launch the service in more than 50 European cities. According to Bird, the move will expand its European fleet more than ten-fold. Bird said that, as part of the expansion in Europe, it will also roll out a new electric scooter, the "Bird Zero", which it says is designed and engineered specifically for the e-scooter sharing industry.

QAD Deploys With European Luxury Goods Maker

socalTECH

Santa Barbara-based supply chain planning software developer QAD has deployed its software with European luxury goods maker Maroquinerie Thomas , the company said on Thursday. According to QAD, Maroquinerie Thomas is using its QAD DynaSys Cloud Production Planning, Procurement Planning and Advanced Analytics tools. Financial details of the customer win were not announced. Maroquinerie Thomas is a maker of leather goods, and has 1500 employees. READ MORE>>.

SmartDrive Wins Large Trucking Firm

socalTECH

San Diego-based video-based transportation safety systems developer SmartDrive Systems has scored a win with a large trucking firm, Atlas Trucking, for that company's entire fleet, SmartDrive said this week. Financial details of the win were not announced. SmartDrive Systems said that Atlas rolled out its platform without even conducting a pilot deployment, just based on recommendations from other fleets.

Mavenlink Finds $48M More

socalTECH

Irvine-based Mavenlink , a startup which develops business process management software and related tools for services businesses, has raised $48M more, in a Series E funding round. The funding came from Carrick Capital Partners and Goldman Sachs Growth Equity. Mavenlink's round brings the Orange County's total funding to more than $111.5M. The company last raised a funding round back in 2016, which also was led by Goldman Sachs.

SpaceX Successfully Launches Falcon Heavy Into Space, Lands 3 Boosters

socalTECH

Hawthorne-based SpaceX has successfully launched a Falcon Heavy into space with a communications satellite payload, and also landed all three rocket boosters attached to the Falcon Heavy, including two side boosters and a central core. SpaceX launched the Arabsat-6A high capacity telecommunications satellite from NASA Kenney Space Center in Florida on Thursday afternoon, at 6:35 p.m. EDT, from Launch Complex 39A.

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Sellbrite Acquired By GoDaddy

socalTECH

Pasadena-based Sellbrite , which develops software which helps brands and retailers list their products on online marketplaces, has been acquired by GoDaddy , the companies announced on Wednesday. Financial details of the buy were not announced. According to GoDaddy, the acquisition will help it power a new offering, GoDaddy Online Store, which lets small businesses sell products on marketplaces such as Amazon, eBay, and Etsy.

SpaceX To Try Falcon Heavy Launch Again Today

socalTECH

Hawthorne-based SpaceX is hoping to launch another rocket, this time a Falcon Heavy, from Florida, later today, after high atmospheric winds scrubbed a launch attempt on Wednesday. According to SpaceX, it is now targeting a launch of Thursday, April 11th with a launch window of 6:35 p.m. EDT for the Arabsat-6A satellite. The satellite is being launched from the NASA Kennedy Space Center in Florida, from Launch Complex 39A.

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EVgo Deploys Battery Storage Across 14 Fast Charging Stations

socalTECH

Los Angeles-based EVgo , which operates a network of fast charging stations for the electric vehicle market, says it has begun deploying battery storage across its stations. The company said it has completed or is in construction of 14 battery storage systems located at 11 of its fast charging stations, which it says will be the largest deployment of battery storage systems at public fast charging stations in the nation.

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Kyriba Completes $160M Majority Financing Round

socalTECH

San Diego-based Kyriba , which develops cloud-based software used for treasury and finance management by international companies, has completed the $160M majority funding round it first announced in March, giving private equity investor Bridgepoint a majority stake in the company. The funding values the company at $1.2 billion. As part of the deal, Kyriba said its existing investors Daher Capital, Iris Capital, and Ceo Jean-Luc Robert will continue to b investors in the company.

How ZestFinance Is Using Machine Learning to Reshape Lending, with Jay Budzik

socalTECH

One of the hottest sectors of the technology startup market today is the use of artificial intelligence, big data, and machine learning across many different sectors including finance. One Los Angeles company, ZestFinance (www.zestfinance.com), has been working in this area for a few years.

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