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Leonard Kleinrock. Contributor. Share on Twitter. Leonard Kleinrock is the Distinguished Professor Emeritus of Computer Science at the UCLA Samueli School of Engineering.

Report: Faraday Future Sells HQ To Keep Afloat

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Los Angeles-based electric car maker Faraday Future , in a bid to stay afloat, has sold off its headquarters to a real estate investor, according to a report on Wednesday. The report says Faraday Future is leasing back the headquarters, which it sold to real estate investor Atlas Capital, for around $10M. Faraday Future has been facing financial issues due to a dispute with its lead investor, which has resulted in layoffs at the company, numerous lawsuits from vendors, and executive departures.

Can you overcome five risks and create wealth?

Berkonomics

Of course, we are speaking of increased valuation of your company when we speak of “wealth.” Especially if you are in the early stage of growing a business, these five risks can and often do derail entrepreneurs before realizing the riches of a great exit. So, let’s examine them and mitigate them.

Trovata.io Names New Executives

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San Diego-based Trovata.io , a developer of software used for automating cash management and for open banking, has named two new executives, the company said on Tuesday. The company said it has named Joseph Drambarean as Chief Technology Officer and Dave McCutcheon as Vice President Sales. Drambarean was previously at Capital One. McCutcheon was most recently Head of Sales and Alliances at FloQast. Trovata.io said that both will join the company at a new office in Del Mar Heights.

Women's Founder LA. THE ROAD TO FUNDING

SoCal Tech Calendar

Tuesday, March 26, 2019 --.

Does Your Team Know What Success Looks Like?

Alon Schwartz

Shot of a group of businesspeople high fiving in an office. When Jason Nazar and I launched Docstoc years ago, we got 30,000 unique users on the first day. I was ecstatic. I remember how my team of engineers and I were all high fiving each other, with big smiles on our faces.

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The Role of the Student Engineer in Medicine and Innovation

Xconomy

The last 50 years have seen many great technical advances in medical treatments, ranging from drug delivery and imaging to skin grafts and prosthetics. These advances—both large and small—have drawn on many fields and have transformed patient care.

Oblong Rolls Out New Collaboration Tool

socalTECH

Los Angeles-based Oblong , best known as the developer of 3D, interactive software used for meetings and "spatial computing", says it has rolled out a new collaboration tools aimed at virtual teams. According to Oblong, its new software, Rumpus, is a visual collaboration application aimed at the web conferencing market.

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San Diego Fundingpost VC and Angel Investor Conference

SoCal Tech Calendar

Tuesday, March 26, 2019 -- San Diego Fundingpost VC and Angel Investor Conference. Interested in meeting and pitching to early-stage Angel Investors and Venture Capitalists in Southern California? Register for the FundingPost event on Tuesday, March 26th, 2019. FundingPost has hosted 400 sold-out venture events in 22 cities over the past 18 years.

Transportation Weekly: Uber’s spending habits, Tesla Model Y, scooters and AVs in Austin

TechCrunch LA

Welcome back to Transportation Weekly; I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. We love the reader feedback. Keep it coming. Never heard of TechCrunch’s Transportation Weekly?

How to watch Elon Musk unveil the Tesla Model Y

TechCrunch LA

Tesla is scheduled to reveal the Model Y — the next electric vehicle in the electric automaker’s lineup — tonight at an event in Los Angeles after, not months, but years of teasers and hints from CEO Elon Musk. Tesla will live stream the Model Y unveiling event at 8 pm PT via its website.

Postmates’ newest feature is like Uber POOL for food delivery

TechCrunch LA

Postmates is launching a new feature called Postmates Party that lets customers within the same neighborhood pool their orders. In return, these customers get the food delivered for free, eliminating a major pinch point for potential Postmates users. The feature illustrates how Postmates, one of the earlier entrants to the billion-dollar food delivery wars , is trying to remain competitive by appealing to price-sensitive customers.

Snapchat's Age Verification Under Fire In The UK

socalTECH

Venice, California-based Snapchat , the social networking service that is part of Snap, Inc., is under fire in the UK, after the company admitted that its age-verification system "doesn't work" to UK lawmakers. The company--which basically lets anyone join the service by putting in a birthday that would indicate you are older than 13--said it is working on a "new age-verification system" with the UK's Home Office.

PeerStreet Launches New Loan Product

socalTECH

Los Angeles-based online real estate investment marketplace PeerStreet --which is backed by Andreessen Horowitz--is expanding the scope of its marketplace with a new loan product, which will offer up loans for purchases of residential rental properties. According to the company, its new Residential for Rent loans have a 30-year term, and are intended to provide long-term financing for residential rental properties.

Veritone's AI Software Linked Into Government Marketplace

socalTECH

Costa Mesa-based artificial intelligence software developer Veritone announced this morning that the company's aiWARE Government platform is now available to federal agencies, through the federal FedRAMP marketplace. According to Veritone, it was added to the marketplace through the sponsorship of the Department of Justice (DOJ).

Sense.Chat Debuts Blockchain Powered, Secure Video Messaging App

socalTECH

A new, Santa Monica-based startup, Sense.Chat said on Tuesday that it has launched a new, secure video messaging app, which uses blockchain and cryptography to allow users to maintain privacy in their video communications. According to Sense.Chat, it has launched iOS and Android apps, which lets user communicate with others using cryptography combined with the EOS Blockchain, and which also supports sharing of cryptocurrencies through its own digital wallet.

Loop Now Launches Short Form, Social Media App, Firework

socalTECH

Loop Now Technologies , a startup founded by former LinkedIn and Snapchat employees--which has offices in Los Angeles--says it has launched a brand new, short-form video and social media app called Firework. According to the startup, its "social mobile content app" allows creators to share premium content, and also provides new, original streaming content from "emerging talent", which it calls "Fireworks Originals".

Boost.ai, Backed By $5M, Opens HQ In Santa Monica

socalTECH

Boost.ai , a European startup which is developing conversational artificial intelligence (AI) software for banks, financial institutions, and other enterprises, said this morning that it has set up shop in Santa Monica, setting up its North American headquarters here as it expands to the US. The Norwegian company said it received $5M in a strategic investment to help with that global expansion.

Techstars Foundation Opens Grant Applications From Nonprofits

socalTECH

The Techstars Foundation , the nonprofit arm of startup accelerator operator Techstars which is focused on increasing the number of under-represented entrepreneurs in the technology industry, is looking to give $10,000 to $50,000 to nonprofits working in the area, Techstars said Friday.

The Trade Desk Adds Board Member

socalTECH

Ventura-based The Trade Desk , which develops advertising technology, said Monday afternoon that it has added Lise Buyer to its Board of Directors. Buyer is Managing Partner of the Class V Group, a consulting firm that advises companies on initial public offerings. According to The Trade Desk, Buyer had advised the company prior to its IPO in September 2016.

Myspace Accidentally Loses 12 Years Of Music

socalTECH

Remember Myspace ? The onetime social networking site, founded in Los Angeles, is now owned by Meredith Corporation and is still active as an online music discovery site. However, the site has quite a bit less music now, after the site accidentally lost all of the music uploaded to the site uploaded between 2003 and 2015. The 12 years worth of music included over 50 million songs uploaded from 14 million artists.

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SaneBox Connects Into Ingram Micro's Cloud Marketplace

socalTECH

Los Angeles-based email software developer SaneBox , which develops artificial intelligence software that helps people prioritize and sort their emails, is now available on the cloud marketplace run by technology distributor Ingram Micro. According to SaneBox, the move will make it easier for its channel partners to sell the SaneBox AI and productivity products alongside other software-as-a-service applications.

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TuSimple Aims New Product At Self Driving Truck Market

socalTECH

San Diego-based TuSimple , a startup which is developing camera and vision systems for the self-driving truck market, announced on Tuesday that it has launched a new vision system which it hopes to deploy into self-driving truck fleets. According to the company, its system will go into volume production in Q2, and will be deployed in Q3 of 2019. tuSimple says its systems are based on CMOS image sensors from Sony Semiconductor Solutions, and will work at night and in low light operation.

Report: Backstage Capital Shifting To Accelerator Model After Fundraising Issues

socalTECH

West Hollywood-based venture investment firm Backstage Capital is shifting entirely to an accelerator model, according to reports today, after failing to raise a new, $36M venture capital fund. The report--from Axios--said the fund is now entirely focused on its accelerator, Backstage Studio, and also has been cutting staff. Backstage Capital focuses on focuses on minorities, including women, People of Color, and LGBT founders.

Interview with Ryan Disraeli And Stacy Stubblefield, Telesign

socalTECH

For this morning's interview, we thought we'd catch up with two of the co-founders of Marina Del Rey-based Telesign (www.telesign.com), Ryan Disraeli and Stacy Stubblefield. Telesign--which now has over 300 employees-- recently was acquired by BICS in a deal worth $230M. Disraeli also recently was appointed as CEO of the company. Ryan and Stacy co-founded Telesign over 15 years ago along with their co-founder, Darren Berkovitz. Talk about Telesign and what you do?

Allied Wallet Connects In Norway

socalTECH

Los Angeles-based payment services provider Allied Wallet says it has connected its payment systems to a number of payment services in Norway, as part of its international expansion. According to the company, it now supports BankAxess, Mobilepay, Paylevo, and Trustly, four Norwegian payment systems. Allied Wallet is led by CEO Andy Khawaja; the company provides it payment processing services to businesses. READ MORE>>.

Teledyne Wins $20M F-35 Contract

socalTECH

Teledyne Advanced Electronics Solutions (AES), a business unit of Thousand Oaks-based Teledyne , reports this morning that it has won a $20M contract related to its support of the F-35 aircraft program. According to Teledyne, the contract--which runs for fiscal years 2019 through 2021--is with Harris Corporation.Teledyne AES said the award is to develop and deliver fiber optic quad transceiver products for the military aircraft.

SEC Claims Elon Musk Continuing Reckless Tweets About Tesla

socalTECH

The U.S. Securities and Exchange Commission said in Monday in a legal filing that Elon Musk is continuing to send out "reckless" tweets about Tesla, despite a legal agreement by Tesla and Elon Musk to ensure that his tweets about Tesla production numbers and other information that might be material to the company.

Cubic Acquires Nuvotronics

socalTECH

San Diego-based Cubic Corporation said late Thursday that it has acquired Nuvotrpnics , a provider of microfabricated radio frequency (RF) products, in a deal worth $64M in cash plus up to $8M in earn out. Nuvotronics is based in Durham, North Carolina. According to Cubic, the deal will help it enhance its Cubic Mission Solutions' portfolio.

Dentulu Looks To Bring On-Demand Dentistry To LA

socalTECH

Too busy to bother with a visit to the dentist? A new, Los Angeles startup, Dentulu , is hoping to make it easier for you to handle dental care--saying it wants to allow patients to book a dental appointment much like they might book a ride on Uber. 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 says its services start at $299.

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