socalTECH
JUNE 15, 2018
Chicago has selected Los Angeles-based Boring Company , the tunnel-transportation-hat-and-flamethrower company run by tech mogul Elon Musk, for a $1 billion transportation system. Chicago major Mayor Rahm Emanuel announced the win on Thursday, saying the system will connect people from downtown Chicago to O'Hare International Airport at 150 miles per hour.
socalTECH
JUNE 12, 2018
Los Angeles-based PolyCera Membranes , a developer of membrane technology used for industrial wastewater treatment, has raised $9M in a Series A funding, according to the company. The funding was led by Kairos Ventures and also included Bluestem Capital and the Wolfen Group. PolyCera, led by CEO Simon Marshall, said the funding will go to build out its global manufacturing, R&D and sales capabilities.
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socalTECH
JUNE 12, 2018
Los Angeles-based PR0HBTD , a startup which says it is developing a "cannabis lifestyle media and brand platform", announced this week that it has raised a Series A investment round worth $8M, bringing its total raised to $12M. The company said lead investor was Delavaco Group, and also included Donald Glover, Swedish House Mafia's Axwell Hedfors, Joel and Benji Madden, Peter Lewit, Steve Shapiro, Joey Houssian, Serruya Private Equity, Delavaco Capital, Cresco Capital, Green Acre Capital, Clarus
Both Sides of the Table
JUNE 13, 2018
One of the hardest things to know when you’re new to fund raising is what you’re supposed to send to an investor, when and will they keep your information confidential. As a VC and former entrepreneur let me offer you some advice. (This is part of a series on how to improve your fund raising game. The first post & the full outline if you click the link.
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.
Berkonomics
JUNE 14, 2018
we_are_wat we_are_watching_you. Close. If you have been in management or an entrepreneur long enough, you will have experienced the gray area of decision-making where ethics, the law, your needs and expediency all collide. This is the time when you are paid the big bucks, and when others aware of your plight will be watching most carefully. It is also the time when you demonstrate your true courage to your contemporaries.
L.A. Business Journal
JUNE 11, 2018
Fans looking to enter Banc of California Stadium may soon present for a scan their fingerprint or retina instead of a physical or digital ticket.
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
SoCal Tech Calendar
JUNE 15, 2018
Thursday, June 21, 2018 -- Wild and West Startup Presentations and Networking at WeWork in Santa Monica. Tuesday, June 21st at WeWork in Santa Monica! Come learn more about local startups and meet new people in the Silicon Beach community. Feel free to bring company swag to hand out to guests. Want to present? Book a presentation ticket and get 5 minutes of stage time to present your company, talent or host a demonstration.
Xconomy
JUNE 11, 2018
Intel sealed its commitment to become a player in the burgeoning autonomous vehicle industry when it bought computer vision company Mobileye for more than $15 billion in 2017. The venerable Santa Clara, CA-based chipmaker is betting that its data analytics and connectivity chops—as well as its semiconductors—combined with Mobileye’s computer vision and mapping functions , will attract a significant share of business from automakers that want to equip their vehicles for tech-assisted
L.A. Business Journal
JUNE 14, 2018
An award-winning German firm that employs professionals with autism across Europe is acquiring Santa Monica–based MindSpark Inc. to mark its entry into the U.S. market.
socalTECH
JUNE 14, 2018
Los Angeles-based Catasys , a provider of AI- and technology-enabled healthcare services, said today that it has received $10M in a debt financing round, split between a receivable facility agreement of $2.5 million with Heritage Bank of Commerce and a four-year term loan of up to $7.5 million with Horizon Technology Finance Corporation. The publicly held company said it will pay Prime plus 3% on its receivable facility agreement (currently, 7.75%), and an interest rate on the term loan is 9.75%
SoCal Tech Calendar
JUNE 13, 2018
Tuesday, June 19, 2018 -- LA Fintech. Come mix and mingle with other Financial Technologist's Tuesday June 19th. Learn about the newest and fastest changes going on in financial technology. Finance is undergoing a massive change some call the "financial paradigm" or "crypto wars". Laws from 1930-1940 (old right?) are getting broken down with technological innovation in finance.
Xconomy
JUNE 15, 2018
Cassandra Trimnell has sickle cell disease. She also loves to travel. For her 30th birthday last year, she and her husband planned a trip to Indonesia, and she figured she would be fine. Growing up in Iowa, she was sick all the time, in and out of hospitals with severe pain episodes, or “crises,” and other complications caused by the genetic blood disorder.
L.A. Business Journal
JUNE 15, 2018
Cargo Services Inc., a mobile marketplace headquartered in New York City, announced June 14 that it is expanding to Los Angeles. The company, which allows Uber and Lyft drivers to receive complimentary boxes stocked with retail items, has already bought a warehouse in Ontario, Calif.
socalTECH
JUNE 11, 2018
Watch out, Los Angeles--the first 1,000 "flamethrowers" being sold by Elon Musk's company, The Boring Company , were distributed on Saturday. The flamethrowers--conceived of by Musk partially as a joke in January --are the second off-the-cuff product sold by The Boring Company, which is developing tunnel boring technology for digging underground transportation tunnels across cities.
Xconomy
JUNE 14, 2018
In another month or two, a General Electric (NYSE: GE ) subsidiary is expected to complete the installation of an intelligent lighting system in San Diego that’s been billed as “the world’s largest municipal Internet of Things.” The Boston-based subsidiary, Current by GE, began work earlier this year for the city of San Diego on a $30.3 million project to replace 14,000 streetlights with energy-efficient LED lamps.
L.A. Business Journal
JUNE 14, 2018
Elon Musk’s Boring Company was selected by the city of Chicago on June 14 to provide an express tunnel service between downtown Chicago and O’Hare International Airport, a milestone for the company that comes amid uncertain progress on its Los Angeles demonstration tunnel.
socalTECH
JUNE 15, 2018
Redlands-based Esri , the developer of geographical information systems (GIS) software, has applied its tools to the World Cup, with a new "Story Map" of high resolution satellite imagery of the 12 World Cup venues. According to Esri, it has linked with satellite imaging provider DigitalGlobe on a new Story Map which shows high resolutions images of those 12 venues for the 2018 FIFA World Cup Russia--apparently, the very first time those images of those venues have been made available.
SoCal Tech Calendar
JUNE 14, 2018
Wednesday, June 20, 2018 --.
Xconomy
JUNE 14, 2018
New immunotherapy approaches to cancer treatment, and the CRISPR technology for editing genetic material in cells, are among the most sophisticated research strategies scientists are using in their quest to defeat disease. But as researchers develop these techniques based on manipulating biological molecules, they may still be recording their experimental results by a method untouched by technological advances—–in a paper lab notebook.
L.A. Business Journal
JUNE 12, 2018
Bird Scooters seeks $2 billion valuation; cannabis lifestyle media company raises $8 million series A; Phyn adds Devesa to executive team.
socalTECH
JUNE 14, 2018
Los Angeles- and Las Vegas-based Influential , which operates a service to help match brands with influencers, has raised $12M more in a Series B funding, the company disclosed today. The funding came from Capital Zed, ECA Ventures, Paradigm Talent Agency, ROAR, the Tech Coast Angels, plus WME. Influential is led by CEO Ryan Detert. The company says its uses artificial intelligence, machine learning, and social data to help match brands to audiences and influencers on Facebook, Instagram, Twitte
SoCal Tech Calendar
JUNE 12, 2018
Monday, June 18, 2018 --.
Xconomy
JUNE 12, 2018
The source of your eye discomfort might be cradled in your hands. If you’re like many people, your eyes spend much of the day fixed on digital displays. Before reading this, maybe you watched videos on a tablet or scanned social media on your phone. Try to remember the last time you blinked. Come to think of it, do your eyes feel dry? Some eye doctors are finding more cases of dry eye in young adults, and even children.
L.A. Business Journal
JUNE 11, 2018
Los Angeles Football Club Testing Biometric Ticketing; Snap Inc. Allows App Users to Delete Messages; Boring Co.
socalTECH
JUNE 15, 2018
Playa Vista-based Hyperloop Transportation Technologies , the transportation systems developer led by Dirk Ahlborn, said on Thursday that it has inked a deal with the Ministry of Infrastructure of Ukraine, to plan a commercial Hyperloop system in that country. Financial impact of that deal was not announced. According to HyperloopTT, the company will work with Ukraine's National Academy of Sciences, state defense conglomerate Ukroboronprom, aerospace manufacturer Yuzhmash and several other indus
Inverted Software
JUNE 15, 2018
At Inverted Software we often help our clients manage offshore and onshore development teams. Our proprietary processes and unique experience helps us evaluate and correct software development practices that have proven inefficient and instill practices that insure productivity and success. Below we have compiled the 3 most common issues developers tend to generate when left unsupervised and ways to mitigate their impact: Checking code at the end of the day.
Xconomy
JUNE 15, 2018
In a recent survey of 220 scientists, 60 percent of the respondents reported having experienced harassment at a conference at some point in their careers. Even more astounding is the fact that 82 percent of those who reported harassment did not report it when it occurred. That’s why it’s easy to say, “How big of a problem can it be? I don’t know anyone who’s been harassed.
L.A. Business Journal
JUNE 13, 2018
After delay, Ring plans to ship DIY security system by July 4; TenantBase pulls in $10.
socalTECH
JUNE 15, 2018
Camarillo-based Semtech , which develops analog and mixed-signal integrated circuits, reported that its LoRA technology and devics are being used in a "smart city" deployment in Thailand. According to Semtech, Kiwi Technology, a developer of Internet of Things (IoT) projects, is using LoRa devices to regulate electricity use in Thai cities. Shipment volumes and financial impact of the win was not announced.
socalTECH
JUNE 14, 2018
Los Angeles-based Ring , the "smart doorbell" and security camera maker, is expanding into the home security system market with a new system called the Ring Alarm--and has just started taking pre-orders for its systems. The new product includes door and window sensors, smoke and CO2 detectors, water leak detection, and other capabilities--all in addition to connecting to Ring's doorbells and cameras.
socalTECH
JUNE 13, 2018
Santa Monica-based TenantBase , which is developing a technology-enabled, commercial real estate brokerage firm, announced on Wednesday that it has raised $10.7M in a funding round. The funding was led by Stonecutter TenantBase Investors LLC, an affiliate of New York-based Stonecutter Capital, and also included other existing investors, including Razor's Edge Ventures.
socalTECH
JUNE 15, 2018
Online music streaming service Pandora said it has become one of the first partners for Snap Kit , the new developer program run by Venice-based Snap > , the parent firm of Snapchat. According to Pandora, it will launch with Snap as the music streaming launch partner for Snap Kit, allowing Pandora listeners to send their favorite songs to friends and family through a special "song card" within Snapchat.
socalTECH
JUNE 14, 2018
San Diego-based renewable energy developer EDF Renewables said late Wednesday that it has signed a new wind development deal, where it will develop and construct up to 200 megawatts (MW) of wind energy in Iowa. According to EDF Renewables, the deal with Alliant Energy will go towards the Golden Plains Wind Project, which is expected to produce enough clean energy to power 87,000 average homes a year.
socalTECH
JUNE 14, 2018
Los Angeles-based online employment marketplace operator ZipRecruiter says it is expanding into a brand new headquarters in Los Angeles, as it says it has hit nearly 1,000 employees. The company said the new 45,000 square foot headquarters will house 400 of its employees. The company--which is only eight years old--says it also has two other major operations centers, in Tempe, Arizona and Tel Aviv, Israel.
socalTECH
JUNE 13, 2018
Los Angeles-based Revolve , an online clothing retailer that sells clothing to both women and men, is getting set for an IPO, according to a report from the WSJ. The Wall Street Journal--citing anonymous sources-- said Revolve was interviewing investment bankers to lead the effort, which would value Revolve at more than $1 billion. Revolve was founded by former dot-com veterans Michael Mente and Mike Karanikolas, over 10 years ago.
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