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Santa Monica-based Bird appears to filling its war chest for a massive battle with San Francisco-based competitor Lime , and is looking to raise $200M in funding, according to regulatory filings by the company this week. The news comes as Lime apparently is raising $250M of its own, led by GV (formerly Google Ventures). The two are in the rapidly expanding fight for the streets, as they deploy on-demand, electric scooters which users can unlock and use with their smartphone, for "last mile" tran
Now in its fifth year, the TechEmpower Framework Benchmarks project has another official round of results available. Round 16 is a real treat for anyone who likes big numbers. Not just in measured results per second (several metric crap tonne), but in number of tests measured (~1830), number of framework permutations tested (~464), number of languages included (26), and total execution time of the test suite (67 hours, or 241 billion microseconds to make that sound properly enormous).
HyreCar Inc., a peer-to-peer car sharing company based in Los Angeles, filed June 8 an amended prospectus for an initial public offering that could raise as much as $14.5 million for the company. The company did not set a date for the offering, but said it will list on the Nasdaq under the ticker symbol HYRE.
While electric scooter startups are at a standstill in San Francisco , Lime is taking its scooter service to Santa Monica, Calif. — competitor Bird’s home turf. Although Lime was planning to launch its new model of scooter that it built in partnership with Segway in San Francisco last month , it’s now debuting them in the Los Angeles area first.
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. We all do it… to our own detriment. So, let’s make a pact that we will try, if not succeed, to handle our incoming messages more efficiently. Personal time management helps immensely to make a better manager of you and me. All of us have time management tips and tricks to help us get through the day. I have a mantra I try to live by, and it has helped me more than you know over the years.
Metawave , a developer of wireless technology specifically aimed at self-driving vehicles, fixed wireless, and 5G networks, announced on Wednesday that it is opening up a brand new, advanced development center in Carlsbad. The Silicon Valley company--which just raised $10M in a funding round from DENSO, Toyota AI Ventures, Hyundai Motor Company, Asahi Glass , Motus Ventures, Khosla Ventures, Autotech Ventures, Bold Capital, SAIC Capital, Western Technology Investment (WTI), and Alrai Capital--sa
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A version of this article previously appeared in Forbes. I was invited to lead a Techstars LA workshop, focused on honing their elevator pitches. In my UCSB classes , my students practice their Personal Pitch in front of their peers, who give them constructive feedback. I decided to tweak this exercise for the Techstars entrepreneurs, using the format described below.
Monrovia, California-based Aerovironment , the developer of unmanned aircraft systems, has sold its other business--focused on electric vehicle charging and test systems--to a German company, Webasto Group. According to the two companies, Aerovironment sold its Efficient Energy Systems (EES) business segment to Webasto for $35M. As part of the acquisitoin, Webasto will also hire all of Aerovironment's EES employees.
Awarepoint, the San Diego healthtech startup that specialized in real-time location systems for tracking medical equipment and people in hospitals and clinics, has gone 404. That’s the error code message that comes up for a website that no longer exists. Awarepoint executives and board members could not be reached to comment on a recent tip from a former Awarepoint employee, who asked to remain anonymous and who said the company had unexpectedly shut down.
Los Angeles-based software developer CapLinked , which develops secure document sharing software for the business market, has linked with secure identification software developer Civic , the two companies said this week. According to the two, Civic will enable secure login and sign on functionality for CapLinked's data management and information sharing platform.
CapLinked Partners with Civic Technologies on Digital Security Venture; Bad Robot Partners with Tencent on Gaming Venture; Venice Marketing Startup Signs Up 3,000 Influencers
Despite all the hype and business investment, drones are mostly flown by hobbyists and the military these days, says Ken Stewart. But if he and other drone supporters have their way, the sky will eventually be dotted with unmanned aircraft delivering packages to consumers, transporting organs between hospitals, conducting search missions in remote areas, inspecting bridges and highways, and perhaps transporting people.
Los Angeles-based venture capital investment firm Bonfire Ventures is the lead investor in a San Francisco-based enterprise drone startup, Kittyhawk , Kittyhawk announced this week. Kittyhawk said that it raised $5M in a funding round, led by Bonfire's Jim Andelman, and also included Boeing HorizonX Ventures, Freestyle Ventures, and The Flying Object.
Finding and keeping great talent has always been a limiting factor for building companies—and even more so in the life science industry, which requires highly specialized skills. As an executive recruiter focused solely on life sciences, I know firsthand the challenges of filling key executive roles, and I’m often the first to see signs of change in our industry.
Thursday, June 14, 2018 -- Wild and West Crypto Happy Hour With Presentations at The Room in Santa Monica. Thursday, June 14th Starting at 6pm! Come learn more about local Blockchain and Crypto companies and meet new people in the Silicon Beach Crypto 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.
Three, Southern California investors--Qualcomm Ventures, Disney, and the United Talent Agency--have backed the developer of a network of "experience centers" focused on virtual reality entertainment, as part of a newly disclosed Series A Funding. Utah-based The VOID , which operates location-based "experience centers" focused on new technology, said this morning that it received a funding round sometime last year which was led by Fidelity Management and Research Company, and also included Qualco
A holographic advertising display, powered by Chatsworth-based Provision Interactive Technologies Inc., will be available on Coinstar LLC’s coin-counting kiosks in most Giant Eagle supermarkets, Coinstar announced Tuesday.
Inventory management is crucial to operating a successful retail operation. And as hard as it may be to believe, retailers “don’t really know what’s on the shelves,” says Sarjoun Skaff, founder and CTO of Bossa Nova Robotics. A combination of the sheer number of products a retailer like Walmart has on offer and the pace of 24/7 shopping makes it very difficult to maintain real-time inventories.
In what looks to be one of the fastest Series A-to-acquisition deals in recent years, a startup backed by Santa Monica-based Cornerstone OnDemand has just been acquired by HR software giant WorkDay. San Francisco-based Rallyteam , a startup founded by former VP of Global Alliances and Strategic Initiatives at Cornerstone OnDemand David Somers, was acquired today by Workday.
Los Angeles Mayor Eric Garcetti on June 4 named First Assistant Chief Michel Moore as the next chief of the Los Angeles Police Department, succeeding Charlie Beck, who is set to retire June 27.
Teradata (NYSE: TDC ), a specialist in data warehousing, business analytics, and consulting services, disclosed this week that it plans to move its corporate headquarters from Dayton, OH, to San Diego by the end of the year. The move is part of a broader corporate consolidation, according to a June 6 regulatory filing. Teradata has maintained its engineering and data center research and development in the suburban San Diego community of Rancho Bernardo for more than 20 years.
Telzio , a provider of voice over internet protocol (VoIP) systems for businesses, today announces the launch of the Telzio Webphone , which allows users to make calls through the Telzio website without installing any software. The browser-based softphone leverages open source Web Real-Time Communication (WebRTC) technology that can be used alone or along with IP phones, softphones, and the Telzio mobile app.
Getty Images has launched a new, custom content service in Los Angeles, called Getty STUDIO. According to Getty Images, STUDIO will be a "full-service production agency" and provide services to brands. Getty Images said the new unit will provide video, event photography, social-first content, commercial assignments, portrait studios, talent integration, media partnerships, full service production, immersive media, worldwide distribution, content strategy and visual intelligence.
E-sports Company Raises $15M on High School Gaming League Prospect; Jay Goss Details Strategy for New Health Care Fund; AeroVironment Divests Energy Unit for $35 Million
The American Society of Clinical Oncology annual meeting, the world’s largest cancer conference, wraps up today in Chicago. Investors have dissected the data, picked winners and losers, and sent some biotech stocks soaring and others tumbling. In the days before ASCO, Xconomy previewed two major themes: the feverish and flawed race to develop cancer immunotherapy combinations , and the progress of “tissue agnostic” cancer drugs , the advanced guard of precision medicine.
Aliso Viejo-based Tagnos , a developer of clinical logistics automation software for the hospital and clinic market, announced on Thursday that it has received a funding from Cisco Investments. Size of the investment was not announced. Tagnos said the funding came through the the Cisco Webex Innovation Fund. The funding comes on top of an earlier, Series A funding from Benhamou Global Ventures, Morpheus Ventures and Zebra Ventures, which was worth $5M.
San Diego-based LightPointe , a developer of point-to-point radios used for wireless backhaul, said this week that it has begun shipping 60Ghz radios, which work in a newly FCC approved 64 to 71 Ghz unlicensed frequency band. According to LightPointe, the new systems are designed for point-to-point wireless bridging in the high speed trading, data center connectivity, and digital video areas.
Los Angeles-based The Honest Company , the online natural baby, personal care, and beauty products provider, said Wednesday that it has raised $200M in a strategic minority investment, which came from private equity investor L Catterton. According to The Honest Company, the new funding will go towards its growth strategy, and will go both towards "innovation initiatives" as well as operational capabilities to boost its supply chain and global reach.
Santa Ana-based Irvine Scientific Sales , which provides cell culture media to the scientific industry, has been acquired by Japanese company FUJIFILM Corporation , in a deal worth $800M. The deal had been announced in March. According to FUJIFILM, the deal included both Irvine Scientific Sales Company, Inc. (ISUS) and IS JAPAN CO.,LTD. (ISJ). The company said the buy will help it add a broad product portfolio from biopharmaceuticals to in vitro fertilization and cell therapy.
Venice-based Heartbeat , a social influencer marketing startup which rewards women for sharing information on brands on Instagram, says it has signed up over 3,000 women in Los Angeles as "Ambassadors" for it service. The company said those women have a collected 24 million followers on Instagram. Heartbeat says brands using its platform include Amazon, Goop, Sony Music, Netflix, Warner Bros., Bose, H&M and others.
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