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Santa Monica-based electric scooter startup Bird is now officially worth $2 billion, after saying on Thursday that it has completed a $300M venture funding round, led by Sequoia Capital, and also including Accel, B Capital, CRV, Sound Ventures, Greycroft and e.ventures. Bird is battling Lime, plus a host of other competitors including Uber and Lyft, to establish a beachhead in the growing "last mile" electric scooter market.
My friend Michael Broukhim, founder & co-CEO of FabFitFun and I recently had a catch-up meeting for 3-miles on the Santa Monica “Bird Trail” No company has ever elicited so many questions by friends, colleagues, entrepreneurs, fellow VCs and journalists as has Bird, the company that pioneered the electronic scooter as a service market. Until recently it was headquartered 2 blocks from our offices in Santa Monica so we literally saw it emerge under our feet and we proudly invested in the last
Lawmakers in California passed a data privacy bill in both chambers June 28 that would require major companies to disclose the data they collect from consumers and also allow consumers to elect not to have their data sold by the company to ad agencies. Governor Jerry Brown signed the bill into law Thursday afternoon.
This week, both Microsoft and Google made moves to woo Hollywood to their cloud computing platforms in the latest act of the unfolding drama over who will win the multi-billion dollar business of the entertainment industry as it moves to the cloud. Google raised the curtain with a splashy announcement that they’d be setting up their fifth cloud region in the U.S. in Los Angeles.
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.
Close. There is more money lost in businesses today from inefficient processes than any other single area. Yet this is not a place where most managers feel comfortable deconstructing and rebuilding. Somewhere out there is a consultant or future employee (or even suggestions from present employees) that will provide the roadmap toward making your processes run more smoothly, more quickly and more inexpensively.
Chatsworth-based DataDirect Networks (DDN), which develops data storage equipment and software, has acquired the Lustre File System business from Intel , according to DDN late Sunday evening. Financial details of the acquisition were not announced. DDN said the acquisition included both Intel's Lustre File Systems business and related assets. Intel's Lustre File System is heavily used in the cluster computing market, which DDN's storage hardware is also used.
Los Angeles raised more than $100 million, beating Boston in total mega financing rounds, according to a recent report from CB Information Services Inc.
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Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
Los Angeles raised more than $100 million, beating Boston in total mega financing rounds, according to a recent report from CB Information Services Inc.
Aclima , a San Francisco-based company which builds Internet-connected air quality sensors and runs a software platform to analyze the extracted intel, has closed a $24 million Series A to grow the business including by expanding its headcount and securing more fleet partnerships to build out the reach and depth of its pollution maps. The Series A is led by Social Capital which is joining the board.
Camarillo-based Semtech reported a win this morning with a Chinese manufacturer, which will use the company's LoRa low power wireless technology for use in a "smart city" product. According to Semtech, Chinese company Lowan , a low power wide area network (LPWAN) solution provider located in Hangzhou, China, has incorporated its LoRa radio frequency technology into its smart-grid power meters.
It’s no secret that Google has long planned to open a cloud region in Los Angeles. The company has long said that a second region on the U.S. West Coast was in the works, after all. What we didn’t know for sure was when this new region would go live. But as Google announced today , the new Los Angeles cloud region will go live in July, making it the company’s fifth region in the U.S.
Friday, June 29, 2018 -- Ophthalmology Technology Summit (OTS). Orange County is the single most technology-rich epicenter for ophthalmology technology. OCTANe's annual Ophthalmology Technology Summit (OTS) will continue to build upon the rich tradition of creating a local forum where leading ophthalmology technologists, researchers, clinicians, and entrepreneurs can come together to discuss ground-breaking ophthalmic technologies, unmet clinical needs, and new business opportunities, all to fue
Networking products giant Cisco said this week that it has been selected by The Walt Disney Studios announced in March, in conjunction with Accenture, and includes a 3,500 square food facility in Burbank. Cisco says that StudioLAB will feature both its hardware and software, in the areas of network, storage, orchestration and collaboration. READ MORE>>.
When it comes to startup tech hubs, U.S. cities from San Francisco to Austin to Boston come first to mind. But that is starting to change, as Asian cities—particularly in China—are snapping up more tech venture capital funding and exits, according to a new report from CB Insights. Silicon Valley tech startups pulled in the most funding of any metro region globally during the last six years at $140 billion, according to CB Insights’ Global Tech Hubs Report, which the New York-based re
Wednesday, June 27, 2018 -- Innovation and Growth Fair - Q2 by 805 Startups, City of Agoura Hills, and Greater Conejo Chamber of Commerce. The purpose of this event is to promote personal and professional growth while inspiring innovation at all levels. You will be exposed to many different people and companies in an environment designed to foster authentic relationships between one another.
Southern California Edison , Southern California's biggest electric utility, said on Tuesday that it is launching a new, $760M effort to expand the region's electric vehicle infrastructure. According to SCE, it has proposed a new, $760M "Charge Ready 2" program, which will go to help boost the number of electric cars on the state's highways. SCE says it hpoes that investment will support the installation of 48,000 more electric charging ports across its service area, with the $760M program to co
The practice of encoding data in DNA molecules could be inching closer to graduating from research labs to finding practical commercial use. In the coming years, the explosion of data being generated by computing devices could outstrip the supply of hard drives needed to store it, some industry experts say. Some academic researchers and business leaders think that the solution could be to house information in lab-made DNA molecules instead of silicon.
West Hollywood-based LiveXLive Media , the parent firm of online radio streaming service Slacker Radio , says that Slacker has launched its own Amazon Alexa "Skill" to enable voice control of its streaming music services. According to LiveXLive, the skill allows Slacker to be controlled from all Alexa-enabled devices, including Echo Dot, Amazon Tap and Amazon Fire TV.
It is with profound sadness that we at Xconomy say goodbye to our longtime friend and editor of Xconomy San Diego, Bruce Bigelow. An outstanding journalist, colleague, and friend, and a fixture of the San Diego innovation scene, Bruce passed away today at age 63 after a brief illness. We are in shock at this awful turn of events. We are a close-knit team despite being spread out around the country, and just two weeks ago several of us had the rare pleasure of catching up with Bruce in person at
Los Angeles-based CLoud Constellation Corporation , which is in the midst of planning a satellite constellation aimed at providing high speed, cloud storage from space, said today that it has signed a Memorandum Of Understanding (MOU) with Arab Satellite Communications Organization (ARABSAT). Cloud Constellation said the two have agreed to develop a go-to-market strategy for enterprise and government customers in the Middle East, Europe, Africa and Central Asia.
Los Angeles-based advertising technology developer OpenX is in an expansion in the Asia Pacific region, saying that it has opened up a new office in Singapore. According to OpenX, the new Singapore office will serve as a regional hub for the company. OpenX also says it intends to ramp up its efforts in the region with increased headcount and expansion into additional markets, including Australia.
GroGuru , a startup developing irrigation automation technology for the agriculture industry, has raise $250,000 in a seed funding from Western Growers and Radicle Growth. GroGuru is part of San Diego- and Irvine's EvoNexus startup incubator, and develops a precision soil and irrigation monitoring system. The funding was part of the Radicle Automation Challenge, a competition which focused on technology to improve on-farm efficiencies in the light of a severe labor shortage in the agricultural m
Beverly Hills-based 3D movie projection technology provider RealD and AMC Theatres said Thursday that they have extended and renewed a 3D agreement through 2024, and also plan on installing RealD 3D systems in all of AMC's new and upgraded theaters. Financial impact of the win was not announced. AMC and RealD said that so far, AMC has 4,900 RealD units installed at its theaters.
Can artificial intelligence help Hollywood unlock more creativity from storytellers? Los Angeles-based RivetAI hopes it can, saying Thursday that it has launched to apply artificial intelligence technology to help assist storytellers in planning and producing content. The startup--whose founders come from production company End Cue, SpaceX, and Caltech--says its software can help assist in such areas as script dissection--providing producers with information every prop, character, and scene that
Costa Mesa-based Ice Energy , which develops thermal energy storage systems which work in conjunction with commercial and industrial air conditioning units to help provide distributed energy storage, has raised $40M in a new funding round, the company said on Tuesday. The funding came from private equity investor Argo Infrastructure Partners. Ice Energy was founded in 2003, and is led by CEO Mike Hopkins.
- AT&T , which recently has been shifting some of its operations into the LA area due to its merger with Time Warner, has acquired digital ad technology provider AppNexus , the company said on Monday. Financial details of the buy were not announced. AppNexus is based in New York, and provides enterprise digital advertising platforms, used particularly in the premium TV and video ad marketplace.
Fountain Valley-based gaming hardware developer HyperX , which is a division of Kingston Technology, announced this morning that USC Trojans' Juju Smith-Schuster has been signed on as a brand ambassador for the company's HyperX gaming headsets. Smith-Schuster--who is now a wide receiver for the Pittsburgh Steelers--apparently is a video gamer, and will use HyperX's HyperX headsets during his gaming sessions.
The Thiel Foundation , the nonprofit formed by maverick technology investor Peter Thiel, named a new class of twenty entrepreneurs as part of its 2018 Thiel Fellows program--including one Los Angeles entrepreneur, Gemma Busoni. The Thiel Foundation--which specifically provides its awards to convince promising entrepreneurs to skip college and instead go into business--has awarded Busoni and 19 others with $100,000 each and a mentorship with its network of technology founders, investors, and scie
Santa Monica-based mobile movie ticketing platform Atom Tickets said this week that it it expanding its platform to the independent theater market. According to Atom Tockets, it has launched what it calls the "Independent Exhibitors Program",which will support independent theater owners and operators on its platform. As part of the launch, Atom Tickets said it has added independent exhibitors BG Cinema Inc, Ruby Cinemas, 8k Cinemas, Aksarben Cinema (Main Street Theatres), Midwest Movies Inc.
In a move designed to attract more customers from the media and entertainment industry, Google said this week that it will be opening up a new Los Angeles cloud region to its cloud computing platform, Google Cloud. according to Google , it is specifically targeting the media and entertainment companies in Los Angeles with the new service. Google says the new region will join its other computing resource regions in Oregon, Iowa, South Carolina and Northern Virginia.
Hawthorne-based SpaceX successfully launched its fifteenth mission to the International Space Station this morning, sending the CRS-15 (Commercial Resupply Services) mission into space at 5:42 a.m. EDT. The latest SpaceX mission to the space station includes more than 5,900 pounds of supplies, including materials for more than 250 science and research projects.
Marketplace , the new program recorded in Los Angeles and carried on more than 800 public radio stations nationwide, says it has rolled out its very own Amazon Alexa Skill this morning--based on Marketplace's "Make Me Smart" podcast. According to Marketplace, its skill will connect Amazon Echo users with bits of information on the economy, pop culture, tech and current events every weekday.
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