Snap’s Spiegel earned $638 million last year; LAist’s assets bought by KPCC; and L.A. movie theaters could have LED screens by April.
Longtime center for academics, aerospace R&D stakes claim on startups
Academia, Fortune 500 companies and tech, aerospace, biotech and engineering businesses mix in Pasadena.
Online drone services firm begins testing AR.
Bird Rides takes hit on regs in Santa Monica; Ofo develops local partnerships
Two tech startups bet on bikes and scooters for last-mile commuting.
Caltius Equity Partners announced on Feb. 22 the sale of its portfolio company Vision Technology Solutions, a website developer for government organizations in the U.S. and Canada, to cloud-based software developer Granicus for an undisclosed amount.
Kylie Jenner’s tweet cuts $1.3 billion off Snap's market value; investment fund Vision Esports raises $38 million; and SpaceX successfully launches, but narrowly misses catching $6 million nose cone.
Investment fund Vision Esports announced on Feb. 22 that it raised $38 million in a round led by Evolution Media, the investment firm backed by Creative Artists Agency and private equity fund TPG Growth.
Snapchat promises update after users balk at redesign; Elon Musk leaves AI foundation he co-founded; and Port Logistics Group invests in e-commerce startup Whiplash.
Snap CEO Evan Spiegel sold $50 million in stock; NASA certifies Falcon 9 for science missions; and federal judge bars California’s actor-age censorship law.
Elon Musk gets preliminary permit for tunnel in DC; Air Force and Aerojet Rocketdyne renegotiating AR1 development agreement; and IdeaLab’s 3-D printer company New Matter shutting down.
Task management software Workast raises $1.85 million; Snap CEO Evan Spiegel defends Snapchat redesign; and Air Force moves to buy small rocket launch services.
Billionaire Peter Thiel moving to Los Angeles; custom packaging company Lumi raises $9 million; and DroneBase raises $12 million.
Billionaire investor Peter Thiel is reportedly moving his residence, as well as his venture capital firm and non-profit, to Los Angeles after expressing frustration with what he sees as Silicon Valley’s overwhelming liberal politics and diminishing opportunities for tech investing.
Electric scooter sharing startup Bird raises $15 million; Snap to provide analytics to top Snapchat creators; and SpaceX hits two milestones in plan for low-latency satellite broadband.
Electric scooter sharing startup Bird announced on Feb. 14 that it raised a $15 million Series A round.