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LA TECHNOLOGY

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Truth Be Told

23-year-old spins tweeted facts into big bucksUberFacts’ Kris Sanchez has turned his 7 million Twitter followers into a true gold mine.

By Omar Shamout August 18, 2014 midnight   Share

Fuhu is Nation’s Fastest Growing Private Company

Tablet and children’s app developer Fuhu has topped the Inc. 5000 list, an annual ranking of the fastest-growing private companies in the country, for the second year in a row.

Snapchat to Add Ads and Content

Snapchat, the app that sends impermanent messages, finally may be on its way to securing permanent dollars by incorporating ads and content, according to reports.

Facebook to Host Small Business Workshop

Facebook is coming to Los Angeles to teach small businesses how to optimize their presence on its social network.

Pre-Accelerator The Music Foundry Launches Amid Industry Skepticism

The Music Foundry, a music technology pre-accelerator, is looking to fill a trial class this fall to address a startup need within the music space. But its bigger task may be fighting an abiding skepticism about music tech investments.

Hovelstay.com Books $1.2 Million Series A

Hovelstay.com, which promises eclectic lodging options at very low prices, has secured $1.2 million in Series A funding.

SpaceX Valued at $10 Billion

Elon Musk’s Space Exploration Technologies, commonly known as SpaceX, is raising money that would value the company at nearly $10 billion, according to reports.

Company Tries Hand at Longer Touchable Videos

TECHNOLOGY: Approach by Cinematique lets viewers stockpile touted products.

Cinematique hopes to make the scene with interactive videos that tout products.

MiTú Pacts With Televisa

Culver City’s MiTú, a Latino YouTube network, has partnered with Mexican media giant Televisa to create original content for the Web in both Spanish and English.

Raytheon Gets $11 Million Contract for Laser Weapons

Raytheon Co.’s sprawling El Segundo operation has been awarded an $11 million U.S. Marine Corps contract to develop laser weapons for military vehicles.

RadPad Nabs $2 Million

Los Angeles mobile rental marketplace RadPad has raised $2 million in capital led by SG VC in Santa Barbara, bringing its total amount raised to $3.5 million.

Agent Ace Raises $6 Million

Santa Monica real estate agent recommendation service Agent Ace has raised $6 million in Series A financing from March Capital Partners, also of Santa Monica, and Carmel’s Triangle Peak Partners.

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Tenant Apple Shines in Deal

REAL ESTATE: Retail box sells for record $100 million.

Core value of Apple’s Third Street Promenade shop produces record $100 million deal.

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CGI Now Rising Star in Ad Agency Campaigns

ADVERTISING: Process gaining in popularity with clients as price decreases.

Agencies increasingly like the look of CGI for ads as the price of the technology comes down.

Book Vendor Turns Page With Same-Day Delivery

RETAIL: Barnes & Noble stores hit road with Google in challenge to Amazon.

Barnes & Noble books same-day delivery service from Google has started in L.A. to take on Amazon.