L.A. TECHNOLOGY

Snap Inc.’s Share Price Soars After Revenue Beats Expectations

Snap Inc.’s share price soared more than 26 percent to as high as $17.80 a share in after-hours trading Tues., Feb. 6 after the Snapchat developer posted revenue for the quarter ended Dec. 31 that beat stock analysts’ expectations.

Brentwood Associates Invests in Credentials Solutions

Middle-market private equity firm Brentwood Associates in Sawtelle announced on Feb. 6 an investment in Credentials Solutions, a technology company that provides business services to the higher education sector. The amount invested was not disclosed.

Silicon Beach Report Feb. 5: Fair Raises $50 Million and Acquires Rental Car Delivery Service Skurt

Fair raises $50 million and acquires rental car delivery service Skurt; Global Eagle submits overdue SEC filings; and Hulu says Super Bowl live-streaming outage was caused by program-extension glitch.

Silicon Beach Report Feb. 2: Science Closes $75 Million Fund

Science closes $75 million fund; Elon Musk’s Boring Co. sells all its flamethrowers; and Snapchat is selling hats and sweatshirts inside its app.

Silicon Beach Report Feb. 1: Joymode Raises $14.4 Million

Joymode raises $14.4 million; SpaceX Falcon 9 rocket survives splash in Atlantic Ocean; and amid satellite TV drop, DirecTV Now streaming service hits 1.2 million subscribers.

Silicon Beach Report Jan. 31: Vubiquity to Be Acquired for $224 Million by Amdocs

Vubiquity to be acquired for $224 million by Amdocs; Santa Monica-based Hawke Media picks up Execute LA of Venice; and Scopely raises $125 million.

Vubiquity to Be Acquired for $224 Million by Amdocs

Software developer Amdocs announced on Jan. 31 that it entered into an agreement to acquire Burbank video distribution services company Vubiquity for $224 million in cash.

TT Games Opens UK Studio for Lego Mobile Video Games

TT Games, makers of the Lego video game franchise published by Warner Brothers Interactive Entertainment in Burbank, has announced the opening of TT Games Brighton, a new UK-based development studio focused on creating new Lego games designed for mobile platforms.

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Silicon Beach Report Jan. 30: Dog-Walking App Wag Lands $300M from SoftBank, New CEO

Dog-walking app Wag lands $300 million from SoftBank and appoints new chief executive; Next Trucking raises $21 million in Series B round; and nonprofit fundraising startup Funraise closes $9.7 million round.

Next Trucking Raises $21 Million in Series B Round

Next Trucking Partners, an online marketplace connecting truckers with shippers has raised $21 million in a series B round, the company announced Jan. 30.

Dog-Walking App Wag Lands $300M from SoftBank, New CEO

On-demand dog-walking app Wag landed a $300 million commitment from the SoftBank Vision Fund and announced former LifeLock executive Hilary Schneider as the company’s new chief executive.

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Silicon Beach Report Jan. 29: Google to Move into Spruce Goose Hangar This Fall

Google to move into Spruce Goose hangar this fall; Elon Musk has sold more than $4 million worth of flamethrowers; and inside Jeffrey Katzenberg’s billion-dollar bet on mobile video

Silicon Beach Report Jan. 26: Otter Media Buys Remainder of Its Digital Businesses Fullscreen, Ellation

Otter Media buys remainder of its digital businesses Fullscreen and Ellation; no one is going to win the Google Lunar X prize competition; and China’s JD.com aims for logistics facility in Los Angeles.

Silicon Beach Report Jan. 25: Social Media Platform Greenfly Raises $8.5 Million

Social media platform Greenfly raises $8.5 million; Songtradr raises $4 million in Series A funding round; and Apple launches patient health records app in Los Angeles.

Social Media Platform Greenfly Raises $8.5 Million

Greenfly, a developer of a social media engagement program, raised an $8.5 million Series B round led by Alpha Edison.