L.A. Business Journal
APRIL 24, 2018
Reliam, a South Bay-based company that manages public cloud platforms for other businesses, announced it has acquired Stratalux, another South Bay-based cloud services company. Both Reliam and Stratalux work with Amazon Web Services and Reliam also works with Microsoft Azure.
TechCrunch LA
APRIL 23, 2018
Brud , the actual company behind one of Instagram’s most popular virtual influencers (it’s a thing), has raised millions of dollars from Silicon Valley investors because this is 2018 and everything is awful. Last week, the Los Angeles-based startup led by Trevor McFedries , outed itself as the collective consciousness behind the virtual celebrity Lil Miquela and her less well known contemporaries Blawko22 and BermudaisBae in a choreographed melodrama worthy of Los Angeles’ bes
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Berkonomics
APRIL 26, 2018
Money in the bank is like oil in the car. Certainly, you have many ways you are pulled every day, both tactical and strategic. But when money is the issue, your time, energy and focus are drained from other important areas of your life or business. Running out of money is not always synonymous with “going broke”. Many great businesses in their growth periods find themselves stretched for cash.
socalTECH
APRIL 24, 2018
Afraid of running into unexpected veterinary bills for that new puppy? A new, Los Angeles-based startup, Eusoh , is hoping to make it easier for people to handle unexpected veterinary costs, by banding people together in groups to help provide an alternative to traditional, insurance plans. The startup, led by CEO and founder Allen Kamrava, says it is backed by $2M in seed funding, which was raised back in September of 2017 through mostly friends and family.
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
APRIL 23, 2018
Netflix to raise another $1.5 billion for original content; Postmates creates 2,000 jobs in Los Angeles; Boeing invests in Morf3D.
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
socalTECH
APRIL 27, 2018
Los Angeles-based Maverick , a new startup launching a social network for girls, has raised $2.7M in a seed funding round, as it prepares to launch its service. Maverick, founded by Brooke Chaffin and Catherine Connors--both former Disney executives--said the seed funding came from Matt Robinson of Heroic Ventures plus Susan Lyne and Nisha Dua of BBG Ventures and Jeff Weiner, CEO of LinkedIn.
L.A. Business Journal
APRIL 27, 2018
K-Swiss will introduce an esports shoe in a partnership with esports group Immortals; a new social network for girls founded by former Disney execs gets $2.7M in seed funding; and WME expands its podcast portfolio.
Xconomy
APRIL 25, 2018
Just a few years ago, there were no drugs available for patients with the rare genetic disease spinal muscular atrophy. Now two cutting-edge therapies look headed for a commercial battle, with each data and revenue update a key moment in the race. Biogen (NASDAQ: BIIB ) was the first to bring an SMA drug to market, the RNA drug nusinersen (Spinraza), a chronic treatment that has shown an ability to help people with multiple forms of the progressive disease.
socalTECH
APRIL 26, 2018
In a study which belies the opt-cited preference for "young" entrepreneurs in the startup and venture capital industry, a new study from the Massachusetts Institute of Technology find that the mean age of the founders of the 1,000 fastest growing new ventures in the U.S. is actually 45.0. The study found that, rather than youth, the prior experience in the specific industry predicts much greater rates of entrepreneurial success.
L.A. Business Journal
APRIL 25, 2018
Next Trucking to hire 50 employees; RealD inks extension with Cinemark; Bot bill passes next test.
Tech.Co
APRIL 24, 2018
Winning an Olympic medal, the Pulitzer Prize, or the Stanley Cup are just a few moments of glory that happen around the world. But if you’re a startup founder, you too have the chance to find your own moment in the spotlight. Being one small company amongst the sea of thousands of startups vying for customers, capital, and talent, the way to get noticed above the crowd, connect with that next big partner, and raise some capital is to throw your hat in the ring to compete at Startup of the
socalTECH
APRIL 26, 2018
The Young Turks , the online political news and video site led by Cenk Uygur, said this morning that it has rolled out what is its first, native mobile app, called TYT Plus. The new app, for iOS, allows users to view all of TYT's content, including video, podcasts, live shows, and members-only features. The company said that its members--with memberships that start at $10 a month--get access to ad-free videos and podcasts.
L.A. Business Journal
APRIL 24, 2018
Reliam acquires Stratalux; Aviron bets on interactive movies; ICX Media opens Los Angeles office.
SoCal Tech Calendar
APRIL 23, 2018
Sunday, April 29, 2018 -- Tech Coast Angels: EXTREME Coaching. Perfect your 60-second pitch with valuable coaching from Tech Coast Angels investors and startup experts. Participate in friendly competition and win bragging rights and special TCA recognition with plaques and digital website badges awarded to category favorites and participants. Incredible networking and exposure to media and active investors of Orange County.
Xconomy
APRIL 23, 2018
Smart speakers are becoming increasingly common in our homes. Users can instruct these devices to order takeout, give the weather forecast, or turn on or off various Internet-connected devices. The Consumer Technology Association estimates that nearly 44 million voice-enabled assistants will be sold this year in the United States. Unit sales rose 279 percent from 2016 to 2017, according to the association.
socalTECH
APRIL 25, 2018
Los Angeles-based TaskUs , which provides outsourced customer support and other back-end support for technology companies, said today that it has named Jarrod Johnson as Chief Customer Officer. Johnson was previously SVP of Sales at TaskUs, and will be based in the company's Dallas offices. Johnson also had served at ACS and IBM. TaskUs--which has a very significant employee base in the Philippines--also has an on-shore facility in Austin, Texas.
socalTECH
APRIL 26, 2018
Venice-based Snap , the parent firm of Snapchat, said this morning that it has rolled out a new version of its Spectacles, its hands-free, photo-and-video snapping sunglasses. The new glasses add water resistance, improved audio, easier ability to take photos, and more. The company said the new glasses transfer to Snapchat up to four times faster. It's unclear if those new features and styling will improve the popularity of Snapchat's Spectacles, which in their last version had been piling up in
socalTECH
APRIL 26, 2018
San Diego-based Mitchell International , a provider of technology and information products for the property and casualty and collision repair industries, has scored a private equity funding from Stone Point Capital. Size of the investment was not announced. According to the companies, Stone Point Capital is acquiring the equity position in Mitchell currently held by KKR> and Elliott Management.
socalTECH
APRIL 25, 2018
Santa Barbara-based Sonos has filed for a confidential IPO, according to a report on Wednesday, which says that Sonos is hoping to go public as soon as June. The report , from the Wall Street Journal, says the IPO will value Sonos at between $2.5 billion and $3.0 billion. Sonos has received backing from such investors as BV Capital, Elevation Partners, Index Ventures, Kohlberg Kravis Roberts & Co., and Redpoint Ventures.
socalTECH
APRIL 25, 2018
Beverly Hills-based 3D movie projection technology provider RealD said today with theater exhibitor Cinemark Holdings , that the two have renewed Cinemark's 3D agreement with RealD through 2022. Financial details of the deal were not announced by the two firms, which jointly announced the extension today. The companies said that Cinemark will also be installing RealD 3D systems in all of its new-build theaters during the term.
socalTECH
APRIL 25, 2018
The highly anticipated, Harry Potter-themed videogame from Los Angeles-based Jam City -- Harry Potter: Hogwarts Mystery --officially launched today, and is now on Apple's App Store and Google Play. Jam City's new title allows players to create their own character, and experience "life as a Hogwarts students"--including picking their own house, taking classes, going on adventures, and more.
socalTECH
APRIL 24, 2018
A new, $20M venture capital fund, TAU Ventures , based out of Tel Aviv, Israel, and Tel Aviv University (TAU), says it is specifically looking to link with the Los Angeles technology community--thanks to its link with Los Angeles investor Behzad Kianmahd--co-founder of Cross Campus. According to TAU Ventures, its early stage venture capital fund is looking to invest pre-seed funding into startups founded by students and alumni of Tel Aviv University.
socalTECH
APRIL 24, 2018
Beverly Hills-based Aviron Capital , a consortium of financiers with primary backing from by private equity investor BlackRock, said this morning that it has acquired a "substantial equity stake" in Kino Industries , the developer of an interactive movie technology called CtrlMovie. Financial details of the acquisition were not announced. Aviron Capital said that Kino Industries' CtrlMovie allows users to influence the storyline of a movie by using their cell phones to vote on what characters sh
socalTECH
APRIL 24, 2018
Los Angeles-based j2 Cloud Services , the cloud services arm of j2 Global , announced this morning that it has named longtime technology veteran Ron Burr as Senior Vice president and General Manager of its Voice Business Unit, which includes its virtual phone and unified communications offerings. Burr was most recently Chief Product and Technology Officer at scuba diving certification organization PADI, and previously was CEO of cloud telephony provider CallFire.
socalTECH
APRIL 23, 2018
An online publication--focused on the gaming industry and trends--says that the University of Southern California is one of the top 10 universities for video game development programs, in a new ranking of school. According to 80 LEVEL, USC joined such other schools as the Massachusetts Institute of Technology, Carnegie Mellon University, University of California, Santa Cruz, and others in a new ranking. 80 LEVEL said its scoring is based on over 15 criteria. 80 LEVEL says it provides information
socalTECH
APRIL 27, 2018
Teradyne , the developer of automation and test equipment which has a big facility in Agoura Hills, said this week that it has acquired Mobile Industrial Robots (MiR), a Danish company, for $148M, plus up to $124M in earnout. MiR develops autonomous, mobile robots that are used in industrial applications, including industrial logistics and manufacturing.
socalTECH
APRIL 27, 2018
Santa Barbara-based ZeroBounce , which provides email validation services, says it meets the new General Data Protection Regulation (GDPR) protocols, the new European regulations governing the processing and handling of personal data. ZeroBounce said its hosts its servers in the European Union and already adheres to the EU protocols regulating collection, use, and retention of personal data.
socalTECH
APRIL 27, 2018
It's no surprise, but the new game from Los Angeles-based Jam City -- Harry Potter: Hogwarts Mystery --has easily jumped to the number one spot for iOS apps, only days after its release. The game, which JamCity developed in conjunction with Warner Bros. Interactive Entertainment, allows users to enter the world of Harry Potter, becoming a student at the Hogwarts School of Witchcraft and Wizardry, and going through classes, learning spells, making friends, and going on adventures.
socalTECH
APRIL 27, 2018
Ever wonder why Southern California venture capitalists rarely, if ever, make it onto the Forbes Midas List of the best venture capitalists? An interesting post by William Hsu of Mucker Capital shows that the list is strongly weighted towards venture capitalists who have gone to Stanford University, investors who worked for McKinsey & Company, or who have worked for Morgan Stanley.
socalTECH
APRIL 26, 2018
San Diego-based Gossamer Bio said Wednesday that it has named Bryan Giraudo as the company's new Chief Financial Officer, to head up the company's finance and administrative functions. Giraudo was most recently an investment banker at LEERINK Partners, where he served as Senior Managing Director heading up its Western North America and Asia life sciences investment banking practice.
socalTECH
APRIL 26, 2018
San Diego-based lifesciences equipment maker Illumina says it has selected five companies to participate in its startup accelerator the Illumina Accelerator. According to Illumina, the companies selected for the accelerator in this class includes (skin microbial therapeutics); MedAnswers (big data and genetics for matching would-be parents with fertility experts); Mediphage Bioceuticals (cures for chronic diseases); TrueGenomix Health (treatment of post-traumatic stress disorder); and Unite Geno
socalTECH
APRIL 26, 2018
San Diego-based Chalice Wealth Partners , a new startup developing a technology-enabled, membership-based organization for registered independent advisors (RIAs) and wealth managers, has raised $4.6M in a Series A funding. The funding was led by Uinta Investment Partners. According to Chalice Wealth Partners, it has created a technology platform which provides financial advisors with a link to a large suite of technology products and business services in one location.
socalTECH
APRIL 26, 2018
What do you do, if you grew up and became an adult, and now are starting a familybut you never learned to cook? If you're part of the generation that grew up always going out for food or buying pre-prepared food, you might feel a bit overwhelmed with the cooking that comes with becoming a parent and having a family. That's where Los Angeles-based One Potato (www.onepotato.com) comes in.
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