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Archer Aviation, the electric aircraft startup that recently announced a deal to go public via a merger with a blank-check company, plans to launch a network of its urban air taxis in Los Angeles by 2024. Archer Aviation reached an agreement in early February to merge with special purpose acquisition company Atlas Crest Investment Corp.,
It seems Los Angeles is becoming an enterprise software hotspot. LA saw its first big enterprise exit in recent memory with the recent acquisition of Signal Sciences for $775 million, and less than a month later a hometown startup, Britive has raised $5.4
In a bid to show that it’s getting ready for the electrification of American roads, Royal Dutch Shell is buying Greenlots , a Los Angeles-based developer of electric vehicle charging and energy management technologies.
San Jose-based PayPal Holdings said this morning that it has completed its $4 billion cash acquisition of Los Angeles-based Honey , the developer of a browser plug-in that helps consumers find the best coupons for purchases when they are shopping online.
based company, San Vicente Acquisition Partners. The app, originally developed in Los Angeles, raised national security concerns after it was acquired by Beijing Kunlun in 2016 for $93 million. Reuters reports that the Chinese company sold its 98% stake in Grindr to a U.S.-based That ownership was later scrutinized by a U.S.
On Tuesday, Haptik announced it has acqui-hired Convrg, a Los Angeles-based startup that develops chatbots, to serve customers in North America. Vaish is already in talks with a handful of other startups and is open to more acquisitions, he said. For that, we need team and dedicated operation there. You can’t expand in the U.S.
Los Angeles-based LinQuest, a provider of space systems and related technology for the defense and intelligence market, said it has completed its acquisition of TMC Design Corporation, a provider of engineering, development, and integration company with expertise in electromagnetics, digital signal processing, and radio frequency communications.
Los Angeles-based private equity investor OpenGate Capital said that one of its portfolio companies, Kongsberg Precision Cutting Systems, has acquired another company, MultiCam, from private equity investor Rosewood Private Investments. Financial terms of the acquisition were not announced.
One of the portfolio companies of Los Angeles-based private equity investor Levine Leichtman Capital Partners has made a big acquisition, the company said this morning. According to Levine Leichtman, Monte Nido & Affiliates, its portfolio company, has acquired Walden Behavioral Care. Financial terms of the deal were not announced.
Over the past three years the Los Angeles-based startup Maple Media has amassed a portfolio of roughly thirty companies and one hundred apps in its quest to become the IAC of app store businesses. The PlayerFM deal stands out as an example of what the company looks for in an acquisition target, said Ritter. ”
Nuggetverse — Los Angeles-based Nuggetverse is creating a children’s media business based on its marquee character, Tubby Nugget. The company is backed by none other than the National Science Foundation and based in Los Angeles. -based professional digital community built for blue-collar workers. Wabisabi Design, Inc.
Los Angeles-based private equity investor Diversis Capital Management said this week that it has backed field sales software developer SalesRabbit. In a statement, Diversis co-founder and Managing Partner Ron Nyot said that it is now "actively identifying strategic add-on acquisitions to broaden the product portfolio.".
As it looks to modernize its operations, the Los Angeles Fire Department is turning to a number of new technologies, including expanding its fleet of drones for a slew of new deployments. Back in 2018, the Department of Defense issued a ban on the acquisition and use of commercial drones, citing cybersecurity vulnerabilities.
Advisors Douglas Merritt, CEO of Splunk, and Mike Scarpelli, CFO of Snowflake, also made individual investments as angels. SpotOn is paying $415 million in cash and stock for the Los Angeles-based company. The acquisition of Appetize extends SpotOn’s reach to the enterprise space in a major way.
Los Angeles- and New York-based Vcorp Services , the provider of business formation and other corporate legal services, has been acquired by Wolters Kluwer Governance, Risk & Compliance , a Netherlands-based provider of risk and compliance services. Financial details of the acquisition were not announced. READ MORE>>.
Los Angeles-based Games & Esports Experience Acquisition Corp., a newly formed special purpose acquisition company (SPAC), says it is raising $175M in an intial public offering (IPO). The company is offering up 17,500,000 units of its stock at $10.00
Los Angeles-based TS2 Holdings , a strategic business development firm focused on the technology industry, said on Friday morning that it has acquired three companies, including Neohire South , RockIT Recruiting , and Hero.jobs. Financial details of the acquisitions were not announced. TS2 Holdings is led by CEO Yoshii Iyadomi.
Los Angeles was always more than a one-industry town, even when it comes to technology startups, as media and entertainment (and social networking) were always the big draws in Tinseltown. We’re thrilled to help lead the way for the broader tech community in Los Angeles.” Image Credit: Getty Images/franckreporter.
The Scoot Moped — an electric moped born out of Bird’s acquisition of Scoot — will launch in Austin five months after unveiling the shared micromobility vehicle. Bird first unveiled the Scoot Moped in October following its acquisition of Scoot. Initially the mopeds were piloted in Los Angeles, according to Bird.
Los Angeles-based Seed Health, which is focused on microbial sciences, says it has acquired Auggi, a digital health company which develops artificial intelligence and machine learning software to track and analyze digestive health. Financial details of the acquisition were not announced.
Los Angeles-based, low-cost e-commerce products site Hollar is no more, and will be swallowed up by new owner Five Below , six months after the acquisition of Hollar by Five Below. It's unclear how much of Hollar's operations remain in Los Angeles. READ MORE>>.
Financial details of the four acquisition, which all closed in the first quarter of 2019, were not announced. j2 Global said the acquisition will help it grow its global customer base, provide it with access to new markets, and will expand its product lineup.
That includes the launch of its Los Angeles cloud region last year, as well as its acquisition of the Zync cloud renderer back in 2014. Google, of course, is interested in bringing these workloads to its cloud and it has made a concerted effort to bring the Hollywood studios to its Cloud Platform.
Financial details of the acquisition were not announced. Portfolium had been venture backed by SFJ Ventures, University Ventures, USA Funds, the Tech Coast Angels, Taner Halicioglu of Keshif Ventures, and others. Portfolium was founded in 2014, and was led by founder and CEO Adam Markowitz.
As a business consultant and angel investor, I often ask for your own assessment of marketing ROI , or customer acquisition cost (CAC). While I realize that a high level of certainty in these numbers is an elusive goal, the value of doing the work, and benchmarking your business against competitors is well worth the effort.
Maynard Webb) and the Mayor of Los Angeles, Eric Garcetti. AOL committed to keeping the team in LA after the acquisition and in building a deeper technology team in town. The point is … people have perceptions of Los Angeles formed by the history of this town and the fact that we are the capital of content and sun.
Los Angeles-based j2 Global , the online services and publishing giant, reported on Monday that its Q1 2018 quarterly revenues grew to $280.6 According to j2 Global, it ended the quarter with approximately $400M in cash and investments, after spending around $100M for acquisition and its regular quarterly dividend. million, a 10.2
Postie , a new Los Angeles-based startup, has a vision for the future of advertising and marketing — and it’s direct mail. million in seed funding from the Los Angeles-based firms Bonfire Ventures and Crosscut Ventures to expand its business (maybe through direct marketing?). They aren’t the only ones.
In one of the biggest acquisitions out of Southern California's technology startup industry in recent years, Los Angeles-based Honey Science Corporation , which develops a savings discovery and price tracking tool, has been acquired by PayPal , in a deal worth approximately $4 billion. READ MORE>>.
He co-founded a prominent accelerator in Los Angeles called MuckerLab , that has produced a number of impressive companies and he mentored more than 20 of them. One of his biggest accomplishments there was championing the acquisition of StubHub. This is exactly the brand that GRP Partners wants to embody. I made some reference calls.
Los Angeles-based cloud-based operations and document management software developer Docupace, which serves the wealth management industry, says it has acquired jaccomo, which develops a compliance, data integration, financial reporting, and advisor compensation accounting system. Financial details of the acquisition were not announced.
But the press (and I suspect many of the senior execs of these companies) don’t really explore the corrosive downside of these acquisition. If I don’t commit to millions of dollars of acquisitions I will … die? Get some famous angel or seed money. So I thought I would. I’ll tell you what is says.
in markets such as New York and Los Angeles. Other things the company plans to do with its new capital is focus on acquisitions, particularly acqui-hires, according to Siemiatkowski. It is planning to expand into a number of new markets this year. The company has about 4,000 employees with several hundred in the U.S.
Los Angeles-based OpenX said on Tuesday that it has named a new CFO. Leff has been at Fandango for more than a decade, according to OpenX, overseeing all aspects of financial strategy including mergers & acquisitions, predictive analytics, data science and more at Fandango.
Last year saw the city reap windfall exits from the acquisition of companies like Dollar Shave Club, and has a number of promising e-commerce companies… Read More. 2016 was a good year to be a tech startup in LA, and, with the $25 billion planned public offering for the city’s startup darling, Snap Inc.,
Los Angeles-based HAAWK , a new startup focused on rights management, copyright enforcement, and content monetization, has raised $2.5M Financial details of the Dart Music acquisition was not announced. in a seed financing round, according to the company.
Los Angeles-based electric vehicle charging network operator EVgo says it has completed its business combination with Climate Change Crisis Real Impact I Acquisition Corporation. The special purpose acquisition company (SPAC) deal creates a new, publicly traded company called EVgo Inc.,
Los Angeles-based Interlaced.io, a managed IT services provider, said last week that it has acquired Three18, another local managed IT services company, also based in LA. FInancial terms of the acquisition were not announced. Interlaced said the buy is the first for the company, but that is is pursuing other acquisitions.
Los Angeles-based private equity investor OpenGate Capital announced this morning that it has acquired Aurotech , a provider of digital services and business solutions for US federal healthcare and adjacent civilian agencies. Financial terms of the acquisition were not announced. Aurotech is based in Silver Spring, Maryland.
Now, Thrive Global is adding a tech tool to its arsenal of cognitive behavioral therapies with the acquisition of the Los Angeles-based startup, Boundless Mind. Terms of the deal were not disclosed, but the stock and cash acquisition will see all nine members of the current Boundless team join Thrive Global.
Los Angeles-based banking app developer Dave will start trading on the Nasdaq Global Market as DAVE, starting Thursday, January 6th, after stockholders of VPC Impact Acquisition Holdings III approved the deal to merge with Dave in a SPAC deal. Dave says it currently has more than 11 million customers using its banking app.
Los Angeles-based property technology investor Fifth Wall has raised $300M in a Special Purpose Acquisition Company (SPAC) last week, Fifth Wall Acquisition I. Fifth Wall Acquisition I said it had not yet selected any business combination target for the SPAC.
Talati pointed to Millennium Space System’s acquisition by Boeing and the contract that Hermeus received to design a hypersonic Air Force 1 jet. To date, First Resonance has raised under $2 million from local Los Angeles investors including Fika Ventures, Wavemaker, Stage Venture Partners and Village Global. .
Los Angeles investor Mark Suster, a general partner with Upfront Ventures , has been beating the drum for Los Angeles as a new tech hub for a while — and billion dollar exits for Ring and Dollar Shave Club, in addition to the public offering for Snap, lend credence to his position.
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