Stories by Samson
Fisker announces new electric vehicle; Lime expands in L.A.; SpaceX tests Starship heat shields
Dockless e-scooter operator Neutron Holdings Inc., doing business as Lime, announced March 18 it received a permit from the City of Los Angeles to operate 2,500 scooters in the City in addition to its existing fleet of 3,000.
Bird lays off 5 percent of workforce; LA attracting talent with commerce; Snap considers in-app gaming
VC spinoffs seen as marketing, business development tool
Several law firms in Los Angeles have created venture capital outfits that invest in early stage startups and offer legal advice in exchange for equity stakes in the companies.
Activision Blizzard seeks e-Sports franchise owners; Backstage Capital accelerator launches; Faraday asks $40 million for Vegas site
Embattled downtown-based electric car designer Faraday & Future Inc. is selling the 900-arce parcel of land at the Las Vegas Apex Industrial Park it purchased in 2015 with plans to construct a $1 billion vehicle factory.
Jam City finds “Harry Potter” game lucrative; Cluster gains $1.9 million; Boring Co. approved for Vegas people mover
Two Bit Circus hosts e-sports tournament; Livly raises $10 million led by Pritzker; QuiBi plans show about Snapchat CEO
Santa Monica-based Pritzker Group Venture Capital on March 12 led a $10 million seed funding round for Chicago-based property management software developer Livly.
Disney plans to seal vault; Brooks hired at QuiBi; Stamps.com reveals stock repurchase agreement
Artificial intelligence and robotics outfit Brud Inc. has raised nearly $20 million from investors, according to a March 7 filing with the U.S. Securities and Exchange Commission.
Dragon Capsule splashes down; Bird debuts fleet management platform; mobile gaming firm Rogue Co. raises seed round.
The City of Pasadena’s antiquated, analog public parking system is getting a makeover thanks to a deal with Ohio-based Tiba Parking.
TECHNOLOGY: LAX pilot program seen as tipping point
The Los Angeles region has become a testing ground for consumer technologies that employ facial recognition of biometric scans.
Infinite Retina will advise clients in virtual reality, augmented reality, staffing
A new kind of consultancy launched last week in Pasadena that will advise companies developing augmented reality, virtual reality and other three-dimensional digital technology.
Netflix marketing lead steps down; Amplify.LA backs Alto; Disraeli appointed TeleSign chief executive
Marina del Rey-based identity verification outfit TeleSign Corp. announced March 7 the appointment of Co-Founder Ryan Disraeli as Chief Executive Officer.
Vertebrae expands to Texas; Opaque Studios rebrands; InSight lander dig mission paused
Dills appointed as LinQuest CEO; ServiceTitan hires CMO; SpaceX completes Space Station test docking
Faraday Future sued (again); Forge acquires ShiftMe; Riot Games hires diversity officer
TECHNOLOGY: Aerospace startups will receive initial $120,000 investment
Aerospace accelerator launches.
Workforce management software developer Forge Technologies Inc.’s national headquarters is moving from San Francisco to Playa Vista and the company announced Feb. 28 the acquisition of Huntington Beach-based shift scheduling application developer ShiftMe Inc. Both companies decline to disclose the terms of the acquisition.
Downtown-based Greycroft Partners led a $5 million funding round finalized Feb. 28 for Beam Solutions Inc., a San Francisco-based developer of transaction monitoring software for banks and securities.
Disney hankering for more Hulu; Boingo 2018 earnings reported; Greycroft gives Beam a boost
InSight lander Mars dig delayed; Musk in Twitter trouble again; Faraday Future employees remain furloughed.
Super League Gaming finalizes IPO; future uncertain for Boring Co.’s Chicago project; $3.5 million for Lakewood logistics firm.
Action Network raises $17.5 million Series B; Kotick, Iger listed among most overpaid executives; Dragon’s Space Station test scheduled for March 2
Winehouse hologram tour canceled; SpaceX launches Israeli lunar lander; Finley appointed Boingo CEO
Chief executive of Westwood-based Wi-Fi provider Boingo Wireless Inc. Dave Hagan announced Feb. 21 he will retire after 17 years with the company. Boingo board member Mike Finley was unanimously elected to fill the vacant CEO seat by the board.
Public bike-share programs turn to private operators
Cities outsource bike-shares to private companies.
Hello Sunshine gains New Green; SpaceX launch may be delayed after safety survey; ScreenPlay acquired by Loop Media.
Clearlake Capital’s Symplr buys API Healthcare; Verishop emerges from stealth, Clutter raises $200 million
Brainbase brings in $1 million; SongTradr makes acquisition; Virgin Hyperloop tests new transportation method
Intellectual property licensing startup Brainbase Inc., operating in Santa Monica, announced Feb. 19 it completed a $1 million seed round led by Tera Ventures, an Estonian venture firm with U.S. operations based in Burbank.
Samsung enters L.A. retail market; JibJab Acquired; Snap and Nike link for lenses
TECHNOLOGY: Brokers, landlords look for value add
Leasing real estate assets in a high-growth market such as Los Angeles increasingly requires an assist from technology.
TrueCar Inc., a digital auto pricing marketplace operating in Santa Monica, announced Feb. 14 it acquired a 20 percent stake in vehicle-appraisal software developer Accu-Trade, based in New Brunswick, Canada.
Newegg to sponsor Counter Logic Gaming; Casetabs gains $2.5 million; HauteLook customer data compromised
Ex-Snap employees raise $1 million for new venture; Activision downsizes support staff; OpenTempo links with TigerConnect
TigerConnect Inc., a healthcare communications software developer operating in Santa Monica, announced Feb. 13 it will partner with OpenTempo Inc., developers of a medical staff scheduling software based in Williston, Vt.
Scopely hits $400 million run rate; Tinder’s algorithm analyzed; Techstars creates L.A. aerospace accelerator
MGM launches Epix streaming service; Activision Blizzard readies for layoffs; SpaceX launching lunar lander
Consumer Reports tracks scooter injuries; JP Morgan Suggests Apple buy Activision; Musk mansion listed for $4.5 million
Former BMG exec heads new venture fund backed by Scooter Braun’s Ithaca firm
Zach Katz launches music-focused venture fund.
Royal Dutch Shell’s New Energies division has acquired West Hollywood-based Zeco Systems Pte Inc.
Financial marketing firm CrowdfundX, operating in Sawtelle, announced an acquisition by West L.A.-based digital investment firm Issuance Inc. Feb. 7.
FoxNext launches indie game fund; Gigajot broadens Pasadena reach; Foot Locker invests in Goat
Image-processing and microchip-manufacturing firm Gigajot Technology Inc. announced Feb. 4 it will expand its sublease of its current 100-square-foot headquarters in Pasadena to 3,257 square feet at the Gateway Metro Center on E. Foothill Boulevard in the same city.
Super League Gaming links with Topgolf; ESPN+ exceeds 2 million subscriptions; SpaceX prepares for manned flights
PocketWatch gets into gaming; Raised in Space launches; Snap revenue grows as users stagnate.