TECHNOLOGY

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

Silicon Beach Report April 23: Snap Releases First Quarter Earnings

JPL technology observes seismic shifts on Mars; March Capital leads $15 million funding round; Snap revenues exceed analyst expectations

Silicon Beach Report April 24: Canoo Seeks $200 Million

Netflix readies for debt financing; Two Bit Circus welcomes developers; Canoo raising $200 million

Snap Inc. Revenue Beats Expectations, Draws Down Losses

Snap Inc. announced financial results for the first quarter on April 23, reporting $320 million in revenue and beating analyst expectations with 39% revenue growth compared to the first quarter of last year.

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Axiomatic Gaming Gains $21 Million

Esports organizer Axiomatic Gaming raised $21 million April 18, according to Securities and Exchange Commission filings.

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Silicon Beach Report April 22: ZipRecruiter Executive Resigns Amid Misconduct Allegations

Accident during SpaceX capsule test; Gutentag resigns; Snap’s cash flow analyzed.

Silicon Beach Report April 19: Hello Sunshine Considers Book Subscription Box

Hastings not worried about Disney Plus; Thorn gets share of $280 million; Hello Sunshine Ventures into subscription box market.

Silicon Beach Report April 18: Red Six Raises $2.35 Million for Flight

JPL still mining Cassini data; AET Fund raises $50 million; Red Six gains $2.35 million.

Red Six Raises $2.35 Million

Red Six Aerospace Inc. closed a $2.35M seed round April 18, led by Marina Del Rey-based Moonshots Capital Management.

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Silicon Beach Report April 17: Slingshot Aerospace Gains $5 Million

J2 Global acquires four companies; Gen.G raises funds for LA HQ; $5 million raised by Slingshot Aerospace.

Silicon Beach Report April 16: Hulu Buys Back 10% Stake from AT&T for $1.43B

Netflix releases subscriber stats; Hulu buys back AT&T stake; Flowspace finds $12 million.

Warehouse Tech Platform Flowspace Raises $12M

Culver City-based Flowspace Inc., a technology company that helps connect businesses with available warehouse space and fulfillment services, announced April 16 it raised $12 million in Series A funding.

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Silicon Beach Report April 15: SpaceX Wants More Cash

Bird expanding in Europe; SpaceX seeks new funding; SpaceIL shoots for Lunar Lander 2.0.

Private Equity Firms Platinum, Gores Group, Sell Data Blue to Court Square Capital Partners

Beverly Hills-based private equity firms Platinum Equity and the Gores Group agreed to sell Data Blue, an Atlanta-based provider of information technology services, to Court Square Capital Partners.

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Silicon Beach Report April 11: SpaceIL’s Lunar Lander Lost

Lunar lander lost by SpaceIL; EVGo constructing battery storage; Wag to lay off 54

Wag Lays Off 54 in West Hollywood

Wag Labs Inc. will lay off 54 employees at its West Hollywood headquarters effective June 3, its second round of layoffs in less than six months.

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