LA TECHNOLOGYRecent and archived news stories on: Alternative Energy, Automotive, Computing, Engineering, Internet, Nanotech, Software, Telecom, Wireless...
The flow of venture capital dollars invested into Los Angeles-area companies fell 16.3 percent from a high of $4.17 billion in 2015 to $3.49 billion last year, according to a report by Dow Jones Venture Source.
SpaceX explains plans to land three boosters at once, inside LA 2024’s social media strategy for winning the Olympics, and Global Eagle fully rents out a satellite.
Snap Inc. places international headquarters in London, Lionsgate invests in e-sports team Immortals, and crowd-finance startup MobileCause raises $15 million.
Court approves British company’s bid for bankrupt Nasty Gal, SpaceX delays rocket launch one week, telemedicine platform SnapMD raises $3.25 Series A extension, and more.
Faraday Future claims electric car has more than 64,000 reservations, Honest Co. draws boycott for support of Trump’s ‘Apprentice,’ SpaceX wins several manned space-flight contracts from NASA, and more.
Faraday Future said that 64,124 reservations were placed for its FF 91 electric SUV within 36 hours of the vehicle’s unveiling at the Consumer Electronics Show in Las Vegas.
TECHNOLOGY: 3Diligent works as middle man to line up companies, clients.
3Diligent has formed a business around lining up 3-D printing companies with clients.
INTERNET: Ex-employee alleges company misled him on app user metrics.
Fired executive claims Snap misstated growth to present better image for IPO.
Imax to launch VR arcade in Los Angeles, former Snapchat executive alleges app misrepresented growth numbers, and Hulu to add CBS to live streaming service.
Imax Corp. will open a virtual reality arcade at the Grove shopping center at the end of this week. The facility is the first of six planned virtual reality arcades worldwide, including spaces in Great Britain, Japan, and China.
The former head of Snap Inc.’s user growth filed a lawsuit Wednesday alleging the company is cooking those numbers.
Faraday Future Unveils Its Production Car
Silicon Beach Report Jan. 3: Proterra Raises $140M, Plans to Increase Hiring at City of Industry Plant
Proterra raises $140 million and plans to increase hiring at City of Industry plant, SpaceX to resume launches on Jan. 8, and Mattel working on voice assistant for kids.
Electric bus manufacturer Proterra of Burlingame announced on Tuesday that it has raised $140 million from investors, which will be partly used to start manufacturing and hiring at its City of Industry plant.
Core Innovation Capital raises $71.5 million for financial tech investments, SpaceX loads Falcon 9 for launch, and DirecTV to end $35 a month streaming service.