L.A. Business Journal
JUNE 14, 2021
Venice-based virtual reality software company Specular Theory Inc. secured a $4.5 million contract with the Defense Department to expand development of its training products for the Air Force.
socalTECH
JUNE 16, 2021
Santa Barbara- and New York-based Lead Edge Capital, a private equity investor which focuses on growth stage investments in technology companies, said on Wednesday that it has raised $150M in a new fund. According to the company, the new fund will be used for public equity investments. Lead Edge Capital said the new fund brings the company's total capital under management to over $3 billion.
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Berkonomics
JUNE 17, 2021
There are lots of ways to measure a great leader. Here are three that should resonate with you as leader and with those who follow you. These qualities are applicable whether you are leading your company, a board, or a group of people – and certainly are aspiration targets for you if you are measuring yourself against the best. The first quality in a great leader is to have laser focus. .
Startup Professionals Musings
JUNE 12, 2021
Soon you should be able to ask your browser or smart phone context-specific questions like "Where should I take my wife for a good movie and dinner?" Your browser would consult its intelligence of what you and she like and dislike, take into account your current location, and then suggest the right movies and restaurants. If you are the first to deliver this, your startup might be the next Google!
Advertiser: Aggregage
Office leases are one of companies’ largest expenses, and if your whole team is working from home with no clear end in sight, you may be wondering what to do about your lease.
L.A. Business Journal
JUNE 14, 2021
OneOf Inc., a company dedicated to releasing and minting nonfungible tokens, isn’t even a month old, and it already has plans to partner with celebrity artists like John Legend, H.E.R. and G-Eazy.
socalTECH
JUNE 17, 2021
The Alliance for Southern California Innovation said on Thursday that it is launching a new program, the SoCal Venture Pipeline. According to the company, the new program will provide companies that have demonstrated clear market traction and provides targeted introductions to venture funds. The program is being funded by Silicon Valley Bank, with additional program support from Wilson Sonsini Goodrich & Rosati and KPPB, LP.
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
Startup Professionals Musings
JUNE 18, 2021
You can’t win as an entrepreneur working alone. You need to have business relationships with team members, investors, customers, and a myriad of other support people. That doesn’t mean you have to be a social butterfly to succeed, or introverts need not apply. It does mean that you need to look, listen, and participate in the business world around you, and network through all available channels, like business-oriented social networks online (LinkedIn), local business organizations (Chamber of Co
L.A. Business Journal
JUNE 14, 2021
Beverly Hills-based livestreaming platform LiveXLive Media Inc. will acquire New York-based artist development company Gramophone Media Inc. by the end of June.
socalTECH
JUNE 18, 2021
Vince Steckler, the former CEO of cybersecurity software developer Avast, has unexpectedly died in a car accident in Irvine, according to the software developer. According to Avast, Steckler passed away in a tragic car accident in Irvine, California, on June 15, 2021, at the age of 62. Steckler was active in the Orange County community, having recently donated $10.4M to the University of California, Irvine, with $5M going to the Center for Responsible, Ethical and Accessible Technologies within
AllTopStartups
JUNE 16, 2021
Not that long ago, “WiFi” was a funny sound that tech professionals would throw around that no one else would understand. Now, it’s something that you’re likely to hear multiple… The post Understanding How WiFi Networks Actually Work in Practice appeared first on AllTopStartups.
Startup Professionals Musings
JUNE 16, 2021
Founders almost always cite lack of money as the reason for failure, but if you look deeper, I believe the reason is more often about dysfunctional people and leadership. Sometimes it comes right back to the founder, in terms of a malaise often called “founder’s syndrome.” A few years ago I was intimately involved with a promising startup that taught me about this issue.
L.A. Business Journal
JUNE 16, 2021
Manhattan Beach-based private equity firm K1 Investment Management is making a $21 million investment in software company Eltropy Inc.
socalTECH
JUNE 18, 2021
According to Santa Barbara-based Yardi, it is donating $1.3M to hospitals in India, to help them in their battle against the ongoing pandemic. India--which officially has more than 380,000 deaths from COVID-19, with actual deaths potentially several times that--has suffered acute supply shortages in recent months as cases surged in the country. According to Yardi, it has 1700 employees in Pune, India, with many staff personally impacted by the COVID-19 surge in that country.
L.A. Business Journal
JUNE 14, 2021
Long Beach-based Relativity Space Inc. has raised $650 million in Series E funding to support development of the large, 3D-printed Terran R rocket.
socalTECH
JUNE 15, 2021
Santa Monica-based Formative, a developer of software used by K-12 teachers to assign and track homework assignments, has raised $70M in a Series A funding, the company said today. The funding was led by Summit Partners, and also included Emerson Collective, Fika Ventures, Mac Ventures and Rethink Education. The new funding round brings the company's funding up to around $77M.
socalTECH
JUNE 18, 2021
Irvine-based Cyvatar, a startup which provides cybersecurity-as-a-service, has raised $9M as part of its Series A round, the company said this week. The company said the funding brings its total funding to $12M, all raised in the last eight months. The company said the funding was led by ATX Venture Partners, and also included CORTEC, one of its customers, and Bill Wood Ventures.
socalTECH
JUNE 17, 2021
Venice-based Snap, the parent company of Snapchat, has pulled a controversial filter, which had been accused of encouraging reckless driving. The "speed filter" had allowed users to capture how fast they were moving. The company has faced a number of lawsuits from families of users who had been injured or killed in car crashes, claiming the filter had resulted in those accidents.
socalTECH
JUNE 18, 2021
Arcadia-based EVCS, an operator of an electric vehicle (EV) fast charging network, says it has signed a deal with Fitness International, LLC, the owner of LA Fitness, to install EV fast chargers at a number of its fitness centers. Financial details of the deal were not announced, and EVCS did not say how many fitness centers it will be installing its fast chargers at.
socalTECH
JUNE 18, 2021
Santa Monica-based In-Charge Energy said on Thursday that it has introduced a set of new hardware products for commercial, electric vehicle (EV) charging. According to the company, its In-Charge Energy DC Wall Box Pedestal works with 24kW ABB Terra DC chargers, and offers up a solution for fleet applications where walal mounting is not practical. The company said its products include cable retractors and convenience lighting, and are designed to help companies with a smooth transition to electri
socalTECH
JUNE 17, 2021
Los Angeles-based Canoo, which is developing electric vehicles, says it plans to build a factory in Oklahoma. The company says it expects to employ up to 2000 workers at the location. The plans were disclosed in a presentation to investors by Canoo CEO Tony Aquila. Canoo--which has yet to deliver any vehicles--recently went public via a merger with a special purpose acquisition company (SPAC).
socalTECH
JUNE 17, 2021
Irvine-based satellite developer Tyvak said this morning tht its Tyvak-0130 satellite has been successfully been delivering thousands of images taken from orbit. According to the company, the satellite--launched as a rideshare on May 15th on a SpaceX Starlink mission--the company has completed in-orbit system checkout and commissioning of its Tyvak-0130 satellite, and has transmitted over 4,000 pictures back to earth.
socalTECH
JUNE 17, 2021
Carlsbad-based satellite communications systems and services provider Viasat has scored a win with fractional private jet travel provider Flexjet. according to the two, Viasat will install its in-flight connectivity systems on Flexjet's Bombardier Global, Gulfstream G450, G650 Fleets and Embraer Praetor 600 Aircraft. Finncial details of the partnership were not announced.
socalTECH
JUNE 17, 2021
Santa Monica-based private equity investor Clearlake Capital said this morning that it is acquiring Confluence Technologies, a developer of software which is used by the investment industry to automate business processes at asset managers and service providers. Financial details of the acquisition were not announced. Confluence Technologies was owned by another private equity investor, TA Associates.
socalTECH
JUNE 17, 2021
Hydrosat, a space startup which got its start out of the Techstars Starburst Space Accelerator in Los Angeles, has raised $5M in a funding round, the company disclosed this morning. The funding was led by Cultivation Capital's Geospatial Technologies Fund, and also included Freeflow Ventures, the Yield Lab, Expon Capital, Techstars, Industrious Ventures, Synovia Capital, and the University of Michigan.
socalTECH
JUNE 16, 2021
Los Angeles-based electric powertrain developer Romeo Power announced this moring that it has named two new executives. The company said it has named Kerry A. Shiba as Chief Financial Officer, and appointed Yun Han as Chief Accounting Officer. Current CFO Lauren Webb is shift ing to become Chief Strategy and Commercial Officer. Shiba was previously CFO at Wesco Aircraft Holdings, and also served at similar roles at Superior Industries International, Inc.
socalTECH
JUNE 16, 2021
San Diego-based RayzeBio, a pharmaceuticals company which says it is developing targeted radiopharmaceutical drugs for cancer, has raised $108M in its Series C funding. The company said it has now raised a total of $258M. The new funding was led by Venrock Healthcare Capital Partners and also include Perceptive Advisors, Vivo Capital, Acuta Capital Partners, Deerfield Management, and TCG X, plus existing investors venBio Partners, Versant Ventures, Samsara BioCapital, Redmile Group, Viking Globa
socalTECH
JUNE 16, 2021
Los Angeles-based telehealth provider Cloudbreak Health has merged with Uphealth, Inc. and UpHealth Holdings, Inc., and is now trading on the NYSE as UPH, the company announced this morning. Financial details of the merger were not announced. According to the companies, Cloudbreak will now be known as Cloudbreak Health, an UpHealth company. Cloudbreak Health was backed by Kayne Partners.
socalTECH
JUNE 16, 2021
Santa Ana-based SureCo, a provider of healthcare programs, said this morning that it has acquired Tembi Telehealth, a provider of a telemedicine network and platform. Financial details of the acquisition were not announced. Steven Richardson, the CEO of Tembi, joins SureCo as Chief Population Health Officer. Matthew Kim is CEO of SureCo. Tembi Health provides telemedcine services for physicians.
socalTECH
JUNE 15, 2021
Los Angeles-based MomentFeed, which develops location-based services and location marketing software for bricks and mortar retailers to better manage information on their locations, hours, and other information, has been acquired by Uberall, a Berlin-based provider of marketing software. Financial details of the acquisition of MomentFeed were not announced.
socalTECH
JUNE 15, 2021
San Diego-based productivity software developer ClickUp said this week that it is expanding in San Diego. According to the company, it is expanding in DivcoWest's DiamondView Tower. The company said the expansion comes after it doubled its workforce last year and plans to double headcount again over the next year. The company says it will take two full floors in the tower, and also will gain signage over Petco Park.
socalTECH
JUNE 15, 2021
Pasadena-based Heliogen, which is deeloping concentrated solar power technology, has raised $108M in two funding rounds, the company said on Tuesday. The company--which already has backing from Bill Gates--said the funding was led by steel producer ArcelorMittal, and also included Edison International, Prime Movers Lab, Ocgrow Ventures, A.T. Gekko, ESG Venture Capital, 8090 Partners, Gordon Crawford, and Rashaun Williams.
socalTECH
JUNE 15, 2021
IKEA and Goleta-based Sonos have rolled out a new, Wi-Fi speaker collaboration, which turns a Sonos speaker into a piece of wall art. The new SYMFONISK picture frame isa vailable in black or white along with interchangeable fronts from IKEA that offer a variety of artwork options. Consumers are not able to put their own art on the speaker at the moment.
socalTECH
JUNE 15, 2021
Los Angeles-based fintech startup Camino Financial said today that it is expanding its management team, and has named Aram Gushchyan as Director of Growth and Roxane Herrera as Director of Corporate Development. Camino Financial's biggest backer is Mexican financial services company Credito Real, which led an investment in the company in 2019. Guschchyan previously was Director of Marketing and Analytics at Go.
socalTECH
JUNE 15, 2021
Los Angeles-based TrillerNet, the parent company of social media app Triller, is now looking at hitting the public markets via a direct listing, according to Reuters. Reuters, citing "people familiar with the matter" said Triller is looking to line up investors to raise $500M ahead of that direct listing, hoping to value to the company at more than $5 billion.
socalTECH
JUNE 15, 2021
Santa Barbara-based property management software developer Yardi announced today that it has acquired We Are Forge Ltd., a Bristol, UK-based software company which focuses on vivistor management and smart access control for the real estate market. We Are Forge Ltd. sells its products into the office, retail, industrial, flexible workspace and the education sectors.
socalTECH
JUNE 14, 2021
Mojave-based Virgin Orbit, which is developing space launch technology which uses a modified 747 to send rockets into space, is planning to go public via a merger with a special purpose acquisition company (SPAC). According to UK publication Sky, Sir Richard Branson is in the midst of "advanced talks" to take Virgin Orbit public via a merger with NextGen Acquisition II.
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