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According to the two, Chunxing buys a controlling stake in the company, and will also provide manufacturing services to CALIENT as part of the acquisition. Santa Barbara-based CALIENT , the developer of optical MEMs switching technology, has been acquired by Chinese company Suzhou Chunxing Precision Mechanical Co., the two said this morning.
The venture capital firm--whose founders include Calvin Broadus (aka Snoop Dogg)--said it will specifically invest in agtech, health & wellness, financial services, technology, media, compliance and laboratory technology related to the legal cannabis industry. The company's Managing Partner is Karan Wadhera. READ MORE>>.
Marina del Rey-based phone verification and user authentication service TeleSign is now officially part of BICS , after the official close of the acquisition, BICS said today. The deal was originally announced in April. TeleSign will continue to be run by CEO Aled Miles.
Los Angeles-based TeleSign , which uses phone calls and related information for mobile identity management, authentication, and other cloud services, has been acquired by Brussels-based BICS , in a deal worth $230M in cash plus unspecified earnout. BICS said that TeleSign has annual revenues of around $100M. READ MORE>>.
In a promotion for the service, which connects people with parking spaces with LA residents needing a space, Pavemint has rolled out a new music video featuring such film and TV stars as HGTV's Property Brothers Drew and Jonathan Scott, KTLA's Libert Chan, and Cool Runnings' Rawle D. READ MORE>>.
Los Angeles-based YP.com , the provider online directories and services to help businesses get their companies online which has been remade by a number of technology executives into a provider of local business marketing and automation software, has been acquired by competing directory provider Dex Media.
Los Angeles-based Famous Birthdays , which operates an online service which lets you look up the birthdays of famous people, says it has now passed 13 million unique visitors, based on numbers from December. The company also says it now has a staff of 20 full-time staffers working out of its Santa Monica office.
The socalTECH 50 is aimed at identifying and highlighting the top 50 people in the technology industry here, who are most likely to create the next big thing, produce the next big exit, or influence the industry in a significant way. Congratulations to our third class of the socalTECH 50! Harrison Tang , Spokeo. Brian Thomas , Clutter.
Goleta-based property management and real estate software developer Yardi said this week that it has been selected by investor services provider IQ-EQ as its international real estate fund management platform. Financial terms of the win were not announced. Yardi said it will be used across IQ-EQ's global operations.
Los Angeles-based HopSkipDrive , the ridesharing service which helps deliver kids to and from school, after-school activities, and home, said this morning that it has raised $7.4M STI), a company in the school transportation, safety, and fleet services market. in a new funding round. The funding came from Student Transportation Inc.
Venture Partners, Upfront Ventures, and Lowercase Capital, has expanded its suite of return solutions, with a new self-service kiosk. Santa Monica-based Happy Returns , which is backed by U.S.
Playa Vista-based Appetize , which develops tablet-based point-of-sale (POS) products, said this morning that it has added integration with Quick Server Restaurant (QSR) software and services providers Olo, Punchh, and SynergySuite.
Uber has threatened to shut down its service entirely in California, for at least a "several months", after a California superior court judge ordered both Uber and Lyft to reclassify its drivers as employees. The ruling is scheduled to go into effect in ten days.
Los Angeles-based cloud backup provider IDrive Cloud Backup says it has launched a new, data mirroring service, aimed at providing full image backups for Windows computers and servers. According to the company, the new service specifically aimed at protecting against data loss and ransomware, both for individuals and small businesses.
Calabasas-based audio technology developer DTS , which is a subsidiary of Xperi Holding Corporation, said today that it has added song lyrics from LyricFind to its DTS Connect Radio service. Financial details of the deal were not announced.
Los Angeles-based media company Tastemade has launched a brand new set of services this week, called Tastemade Makers and Tastemade Experiences. The new services let creators create their own subscriptions and sell event tickets.
San Diego-based K2 Insurance Services, which owns a number of insurance services companies, said it has acquired software developer Loss Run Pro. Loss Run Pro develops subscription-based software that helps request, track, and manage loss runs. Financial details of the acquisition were not announced.
The startup says its phone service allows its users to accept payments by physically tapping their contactless enabled cards or Apple Pay and Google pay wallets on the back of its smartphone.
The company said the investment was $200K in cash, plus another $100K in advisory services. Los Angeles-based LogicBoost Labs, a startup accelerator which focuses on pre-revenue and early-stage B2B SaaS startups, says it has made a $300K investment in Clarevent, which supplies video infrastructure for virtual events.
Los Angeles-based C3 (Creating Culinary Communities), the "ghost kitchen" company founded by Sam Nazarian, said it is partnering with robot delivery service Coco. According to C3, using robots for delivery is 30% faster than driver-based services.
A new, free-streaming service, SPORTS.TV, has been launched by Allen Media Group, which said today its new app-based consumer video streaming service is free, and aggregates sports, news, movies, documentaries, and entertainment networks, as well as local broadcast television stations.
According to the company, the funding will go to support its proprietary user platform, which is aimed at the consumer warranty and service contracts industry. The funding came from Newpoint Financial Group, a Swiss investor. Novea is led by CEO Jim Quinlan.
Los Angeles-based fintech startup Dave.com said this morning that its job finding service, SideHustle, has facilitated nearly 3 million job applications since its launch in September of 2020. Dave--which offers up a debit card and spending account--says its Sidehustle platform ocnnects users to work opportunities across the United States.
Santa Monica-based micro mobility provider Bird announced this morning that it has begun offering up integration between its app and local bikeshare services in Los Angeles, as well as Oslo, Austin, San Antonio, and Milkwaukee. According to Bird, it will feature bicycles available in LA's Metro Bike program directly in its app.
Los Angeles-based Squeegy has recently launched into the market, with an on-demand, car wash service--currently serving the west side. Tired of driving around a dusty, dirt encrusted car, but too darn busy to find a car wash?
So much so that when a friend of my family was looking for an internship at a local Boston company I contacted my friend Jeff Bussgang at Flybridge who hooked him up with interviews and he stayed in Boston rather than working in financial services in NYC for the summer. Seattle has GeekWire , LA has SoCalTech and so on.
La Jolla-based GoSecure, a provider of managed security services, said today that it has acquired Covail, a security and risk optimization and automation company. Financial terms of the acquisition were not announced. GoSecure said it will use Covail's expertise in artificial intelligence (AI) to augment its platform.
The stash was located by the Los Angeles office of the Internal Revenue Service (IRS). The US DOJ said that Silk Road was "used by numerous drug dealers and other unlawful vendors to distribute massive quantities of illegal drugs and other illicit goods and services".
Ingram Micro--which provides cloud services among its offerings--said its Azure Accelerate program is aimed at helping companies trying to beat Microsoft's end of support date in July for SQL Server and Windows Server 2008. The new service helps clients with assessment, migration, and optimization to Azure.
The company says its services start at $299. According to Dentulu, it has developed a mobile app, which it plans to launch in April, which where it says it will offer up preventative and restorative dental care to patients ages 18 years and older. The company is led by CEO, co-founder and "lead dental provider" Arash Hakhamian.
Westlake Village-based Independent Technology Group , a provider of information technology services, including networking, storage, and security services, has been acquired by Santa Clara, California-based InterVision Systems. InterVision is owned by private equity investor Huron Capital.
j2 Global has quietly grown to become Southern California's most acquisitive technology company, and has purchased dozens and dozens of companies in both the cloud services area, as well as in the Internet publishing space. Financial details of the four acquisition, which all closed in the first quarter of 2019, were not announced.
Our interview today is with Courtney Farr, the founder and CEO of House Calls Mobile (www.housecallsmobile.com), a startup in the health services area. READ MORE>>.
In a bid to make it easier for consumers to get personalized wine recommendations, San Luis Obispo-based startup Tastry said it has launched a new artificial intelligence-powered service for wine recommendations.
According to the company, it is offering up zero-fee, cashback banking services to customers, serving primarily Asian-Americans and immigrants in the United States. The company has coupled its banking services with cash back at stores, and donations to charitable organizations supporting the Asian-American community.
Irvine-based Ingram Micro , a distributor of technology products and provider of cloud and other related services, has launched a new competition aimed at startups, thec ompany said this morning. It is seeking B2B software developers, and says it will not take any equity in those companies.
What new technology area, startup, service, or app did you find most interesting or useful this year, and why? Innovation in financial services accelerated dramatically this year. Companies are making it easier than ever for individuals to bank, save, and invest for their future. What was the biggest lesson you learned this year?
According to Apax Digital, the new funding will go to expand Revolution Prep's offering and to increase access to its online tutoring services. Size of the funding was not announced. The companies said that Revolution Prep has been in the business for over 20 years, and has served more than 1 million families.
According to SiFi Networks, it is funding, building and operating the city wide fiber optic network throughout the City of Fullerton, offering up every resident and business in the city an opportunity to sign up for fiber service. SiFi Networks said it expects customers to start receiving service early in the New Year.
The fund--which is associated with Wavemaker--invests in early-stage healthcare service and product companies, both in Southern California as well as elsewhere. According to the firm, it believes its pace of investments makes it one of the most active healthcare venture investors in the country. READ MORE>>.
For those not familiar with Grow Credit, talk about what your service does? Joe Bayen: Grow Credit is the first platform to allow consumers to establish their credit, for free, using their subscription payments for services such as Netflix, HBO, or whatnot. How long has the service been around?
San Diego-based Axos Financial , a consumer and business bank, said Wednesday afternoon that its subsidiary, Axos Securities , has agreed to acquire certain assets of WiseBanyan Holdings , a provider of digital wealth management software and services. Financial details of the all-cash transaction were not announced. READ MORE>>.
Los Angeles-based Wpromote , the provider of online marketing services led by Michael Mothner, said it is offering up a set of free workshops, courses, and discussions to nonprofits and charities.
If you run a restaurant, it turns out the move towards online ordering is a recipe for chaos--with multiple online order services and apps, all with their own way of getting orders to your restaurant. If your restaurant doesn't exist in those services, then there's zero chance that you'll get an order. What is Ordermark?
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