Both Sides of the Table
APRIL 18, 2019
The Truth About the Scooter Economy?—?An Insider’s Perspective “Bird Zero” that are custom designed by the company There is a story arc of the electric scooter market that took the world by storm in 2018, was second-guessed late in the year and has quietly re-emerged as a powerful force of growth where few really appreciate the speed and scale of what has happened.
socalTECH
APRIL 18, 2019
Los Angeles-based Red 6 Aerospace , a startup developing Augmented Reality software aimed at used in what it says are "high-speed, dynamic environments", has raised $2.35M in a seed funding round. The funding was led by Moonshots Capital, and also included Irongate Capital Advisors, as well as angel investors. The company was founded by a veteran of the Royal Air Force, Daniel Robinson, a former fighter pilot for the RAF.
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Xconomy
APRIL 16, 2019
Wireless giant Qualcomm and smartphone maker Apple have been publicly feuding in courts around the globe, accusing one another of illegal business practices for more than two years. On Tuesday, the companies announced that the litigation between the two tech firms would be dismissed. San Diego-based Qualcomm (NASDAQ: QCOM )—which, among other products, makes sophisticated components that power many smartphones, including some of those made by Apple (NASDAQ: AAPL )—will get some money
TechCrunch LA
APRIL 16, 2019
Kindbody , a startup that lures millennial women into its pop-up fertility clinics with feminist messaging and attractive branding, has raised a $15 million Series A in a round co-led by RRE Ventures and Perceptive Advisors. The New York-based company was founded last year by Gina Bartasi, a fertility industry vet who previously launched Progyny, a fertility benefit solution for employers, and FertilityAuthority.com, an information platform and social network for people struggling with fertility
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
APRIL 18, 2019
How do you manage a great business, as opposed to be a survivor? Well, here are the four areas you should focus upon every day. Now, some of us remember things better when given a catchy phrase or rhyme. So, here’s one to help you with squeezing the most out of your own available resources. In this new reality in our business world, there is certainly little room for mistakes and no room for bloat within our companies.
socalTECH
APRIL 17, 2019
Los Angeles-based j2 Global , the parent company of such companies as IGN, Mashable, eFax, and eVoice, has gobbled up four more companies, saying this morning that it has acquired Armada Cloud , a provider of cloud-based backup services; iContact , a provider of marketing cloud services; SafeSend AS , a Norwegian company in the cloud security business; and Telsys AS , a cloud backup service also based in Norway.
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
APRIL 16, 2019
Monday, April 22, 2019 -- LABJ CTO Awards. This event will honor Chief Technology and Information Officers and others who are in the top information technology positions within their organizations. These important individuals and teams play vital roles in making Los Angeles a hub for innovation, and in making its businesses, institutions, and nonprofits successful.
Startup Professionals Musings
APRIL 14, 2019
Image via Pixabay Is it possible to be successful in business and not fulfilled? The answer is a resounding yes today, and I’m convinced that it will be even more true tomorrow, as young idealistic entrepreneurs try to adapt to the long-standing business culture if success is only measured in the money you make for yourself and your business. That isn’t very fulfilling to the growing number of entrepreneurs whose vision and satisfaction comes from making the world a better place, and enjoying a
socalTECH
APRIL 16, 2019
Irvine-based battery charging technology developer Enevate , which is aiming its technology at the electric vehicle (EV) market, announced this morning that it has received a round of funding from Bangchak , a Thai energy company. Enevate said the funding came via the Bangchak Initiative and Innovation Center (BiiC). Financial details and terms of the deal were not announced by the company.
Xconomy
APRIL 18, 2019
When Novartis dissolved its gene and cell therapy unit a few years ago, a bunch of projects the Swiss pharma giant had incubated were tossed aside. One of them was the work of surgeon Suzanne Ildstad, who has spent decades trying to develop a new way to improve the health outcomes of patients who need organ transplants. That work has just been salvaged.
socalTECH
APRIL 15, 2019
Los Angeles-based Rael , a venture-backed startup which provides natural and organic feminine care products, says its products are now on the shelf at Target. According to Rael, its products--which include cotton pads, pantyliners, and feminine wash--will be available both at Target's 1,850 physical stores, as well as online. Rael is backed by $17.5M in funding from such investors as SoftBank Ventures Korea and Thrive Market Ventures.
socalTECH
APRIL 18, 2019
Western Digital Corp. , which has major operations in Irvine, announced this morning that it has named Robert Eulau as its new Executive Vice President and Chief Financial Officer (CFO). Eulau takes over the CFO post from Mark Long, who is leaving the company in June. Eulau was previously CEO of Sanmina Corporation, where he also had been CFO for eight years; he also served in CFO roles at Alien Technology Corporation and Rambus, and had also served at Hewlett-Packard Company.
socalTECH
APRIL 18, 2019
Camarillo-based wireless semiconductor developer Semtech has chalked up another design win for its low power, wireless LoRa technology, saying that a developer of fleet management products for the construction and mining industry has adopted its technology. Semtech said MachineMax has integrated its LoRa devices and wireless radio frequency technology into a "smart" construction machine usage tracking solution.
socalTECH
APRIL 17, 2019
A new, Los Angeles venture capital fund, AET Fund said on Wednesday that it has raised $50M to make investments in entertainment technology, and hired someone to head up its U.S. investment efforts. AET Fund--short for Akatsuki Entertainment Technology Fund--said it has hired Mark Linao as Principal, responsible for managing the company's $50M fund and its operations in United States.
socalTECH
APRIL 17, 2019
Los Angeles-based AdGreetz , which develops personzlied advertising technology, announced a new product this morning, and automated and integrated marketing platform it calls AdChef. AAcording to the company, the new software allows companies to produce, upload and deploy millions of unique creative versions of ads to the most popular digital media platforms and demand side platforms, in real time.
socalTECH
APRIL 17, 2019
A new, urban community in the Los Angeles area-- The Alhambra , a new 40-acre "mixed-use" community in the City of Alhambra--is jumping on the clean energy bandwagon, and will adopt fuel cell technology from Silicon Valley's Bloom Energy. According to Bloom Energy--whose fuel cells convert such sources of energy as natural gas into electricity, as an alternative to more traditional power grid use--The Alhambra will use its fuel cells to generate electricity on site at The Alhambra's campus, in o
socalTECH
APRIL 17, 2019
Pasadena-based venture capital investment firm Thin Line Capital , a new venture capital firm led by venture veteran Aaron Fyke, has made its first investment, in a developer of solar technology. According to Thin Line Capital, it has made an ivnestment in Sistine Solar , which is developing technology which allows solar panels to blend in visually with roofs--using a special thin film coated with "ultra-durable" graphics and patterns.
socalTECH
APRIL 16, 2019
Santa Barbara-based software developer HG Insights is powering a new market research offering from research and advisory giant Forrester, to power Forrester's new Business Technographics Service. According to the two companies, Forrester will use "technographics" from HG Insights, to help Forrester's customers see technology adoption trends in more than 45 different markets worldwide.
socalTECH
APRIL 16, 2019
California dominates the United States in terms of electric vehicle (EV) adoption, according to new numbers on EV adoption were released on Monday, representing 46 percent of all new electric vehicle registrations in 2018. According to research firm IHS Markit, the U.S. market for fully electric vehicles hit a record volume of 208,000 cars registered during the year of 2018, as electric vehicle volumes have reached record highs.
socalTECH
APRIL 19, 2019
Los Angeles-based Forge Technologies , a startup developing job-sharing software which lets businesses share part-time labor, says it has rolled out at the Mall of America , the giant mall in Bloomington, Minnesota. According to Forge, it is in a partnership with the Mall of America, which is offering up businesses the ability to join Forge's network.
socalTECH
APRIL 19, 2019
Is it possible to transform the long haul trucking industry from being based on pollution emitting diesel to all electric? A group of nine electric utilities and two agencies on the West Coast of the United States said on Thursday they have launched an effort to explore electric vehicle (EV) charging to enable "zero-emission" shipping along the I-5, connecting California, Washington, and Oregon by an all-electric shipping cooridor.
socalTECH
APRIL 18, 2019
Los Angeles-based alternative nutrition maker Soylent is re-entering the energy bar market, saying on Thursday that it has launched a new product called Soylent Squared , new 100-calorie solid bars in three different flavors. Soylent Squared said that the new bars are designed to provide a "mini meal" for people who are "sick of the typical sugar-loaded, chocolate covered protein bar.
socalTECH
APRIL 18, 2019
San Diego-based Express Logic , a developer of real-time operating systems (RTOS) used heavily in industrial settings, has been acquired by Microsoft , in a bid to extend Microsoft's footprint into the real time OS arena. According to Microsoft, it will use the acquisition of Express Logic to expand its support for IoT devices, and as a complement to its security offering for microcontrollers, Azure Sphere.
socalTECH
APRIL 18, 2019
Gen.G , a South Korean e-sports organization which runs such a network of e-sports teams, has raised $46M in a celebrity-packed funding round, and plans to set up a new headquarters in Los Angeles. According to Gen.G, the funding round included actor Will Smith, and Japanese soccer star Keisuke Honda's Dreamers Fund, Los Angeles Clippers minority owner Dennis Wong, former Chairman of US Investments Alibaba Group Michael Zeisser, and MasterClass Co-Founder and CEO David Rogier, plus institutional
socalTECH
APRIL 18, 2019
If you can't convince them, at least you can bake them, subject them to smog, and hurricane force winds--at least, that apparently was the theory of a marketing push by "smart" thermometer maker Ecobee , which just launched a video marketing push ahead of Earth Day featuring a number of Los Angeles area climate change skeptics. According to Ecobee, it recently ran a "focus group" in Los Angeles where it had invited climate change skeptics to discuss their views--and apparently kept on turning up
socalTECH
APRIL 18, 2019
Aliso Viejo-based software developer Quest Software announced on Thursday morning that it has acquired ApexSQL , a developer of SQL Server development and database tools. Financial terms of the deal were not announced. Quest Software is a developer of IT systems management, data protection, and cybersecurity software. According to Quest, the acquisition will help it strengthen its quest Information Management business, by adding tools to help database administrators automate the management, move
socalTECH
APRIL 17, 2019
Fast growing, Los Angeles-based mobile games and entertainment developer Scopely is in a big expansion, and has agreed to lease another 60,000 square feet of office space in Culver City, according to the company's broker, CBRE. According to CBRE, the expanded space will help Scopely more than double its Los Angeles footprint by 2020, significantly expanding its headquarters.
socalTECH
APRIL 17, 2019
Santa Monica-based cloud-based learning and human capital management provider Cornerstone OnDemand is looking to attract more small business customers, as it extends from its core enterprise market, by offering up a free trial to those businesses. According to Cornerstone OnDemand, it has launched a 14-day free trial for small businesses, giving access to its "PiiQ" learning management system to companies for free.
socalTECH
APRIL 17, 2019
San Diego-based cloud treasury and finance software developer Kyriba announced this morning that it has completed its acquisition of FiREapps , a developer of enterprise currency management software. Financial details of the deal were not announced. According to Kyriba, the acquisition will give it a solution for managing global foreign exchange (FX) risk, and specifically will help finance chiefs mitigate the impact of currency fluctuations on earnings per share (EPS).
socalTECH
APRIL 17, 2019
Los Angeles- and Austin-based Slingshot Aerospace , which develops artificial intelligence software that automatically processes large amounts of imagery data collected by drones, satellites, and aircraft, has raised another $5M, in a new seed funding round. The round was led by ATX Venture Partners, and also included the Rise of the Rest Seed Fund, part of Revolution, the investment firm led by former AOL co-founder Steve Case.
socalTECH
APRIL 16, 2019
San Diego-based Ensysce Biosciences , a clinical phase, drug development company aiming at overcoming prescription drug abuse and overdose issues, said it has named a new CFO and COO this morning. According to the firm, it has named Kurt Schmidt as Chief Financial Officer, and Geoff Birkett as Chief Commercial Officer. Schmidt previously served as CFO of such companies as MDxHealth and Agendia, with Birkett previously serving as SVP of Global development and Marketing for CNS/Oncology products a
socalTECH
APRIL 15, 2019
The core of the Falcon Heavy rocket--which was successfully landed on a drone ship last week, in the first commercial Falcon Heavy launch by Hawthorne, California-based SpaceX , has been lost in the Atlantic, according to SpaceX. Apparently, the Falcon Heavy's center core was lost due to eight to ten foot swells in the oceans off Cape Canaveral. SpaceX had landed the center core at sea, and two booster rockets on land in its launch of the Arabsat-6A high capacity telecommunications satellite.
socalTECH
APRIL 15, 2019
Santa Monica-based private equity investor Clearlake Capital is hoping to sell one of its portfolio companies, Perforce Software , for around $2 billion, according to a report from Bloomberg over the weekend. Perforce has been owned by Clearlake Capital since January of 2018. Perforce is a developer of source control software, which is used by software engineering teams to manage software source code and software releases.
socalTECH
APRIL 15, 2019
Aliso Viejo-based Corent Technologies , which develops cloud migration software, and AI and data analytics software developer MapR Technologies said this morning that MapR Technologies has selected Corent's SurPaaS platform to help customers access MapR's Data Platform for AI. Financial details of the deal were not announced. MapR said the use of Corent's software will allow it to better monitor, analyze, and serve its customers, enabling subscription based, flexible, or dynamic pricing models t
socalTECH
APRIL 15, 2019
Corona, California-based Clubspeed , which develops software used to manage go karting tracks, race tracks, trampoline parks, and family entertainment centers, has been acquired by private equity investor Nadavon Capital Partners , the two said over the weekend. Financial terms of the deal were not announced. According to the two, Nadavon Capital Partners acquires a majority stake in Clubspeed, and has appointed Nadavon CEO Rmir Bosu as the CEO of Clubspeed.
socalTECH
APRIL 15, 2019
Irvine-based CalAmp , a provider of fleet tracking services, announced this morning that it has acquired Synovia Solutions , a company that operates in the fleet safety and management business for the K-12 school bus and state and local government fleet market, in a move to boost its software-as-a-service revenue. According to CalAmp, it paid approximately $50M in cash for Synovia Solutions, which it says will help it "accelerate" its pivot to the subscription services business, and away from it
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