Recent and archived news stories on: aerospace, alternative energy, automotive, nanotech, robotics, software providers, telecom, tech start-ups, social media companies

Silicon Beach Report Feb. 23: Snap’s Spiegel Earned $638 Million Last Year

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.

Pasadena’s New Profile

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.

Tease photo

DroneBase Nets $12M in VC Funds, Expands Augmented Reality Feature

Online drone services firm begins testing AR.

Tease photo

Last-Mile Providers Take Different Routes

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.

Tease photo

Caltius Equity Partners Sells Vision Technology Solutions

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.

Silicon Beach Report Feb 22: Kylie Jenner’s Tweet Cuts $1.3 Billion of Snap's Market Value

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 Raises $38 Million

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.

Silicon Beach Report Feb. 21: Snapchat Promises Update After Users Balk at Redesign

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.

Silicon Beach Report Feb. 20: Snap CEO Evan Spiegel Sold $50 Million in Stock

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.

Silicon Beach Report Feb. 19: Elon Musk Gets Preliminary Permit for Hyperloop Tunnel in DC

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.

Silicon Beach Report Feb. 16: Task Management Software Workast Raises $1.85 Million

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.

Silicon Beach Report Feb. 15: Billionaire Peter Thiel Moving to Los Angeles

Billionaire Peter Thiel moving to Los Angeles; custom packaging company Lumi raises $9 million; and DroneBase raises $12 million.

Billionaire Peter Thiel Moving to Los Angeles

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.

Tease photo

Silicon Beach Report Feb. 14: Electric Scooter Sharing Startup Bird Raises $15 Million

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 Raises $15 Million

Electric scooter sharing startup Bird announced on Feb. 14 that it raised a $15 million Series A round.

Tease photo