Stories by Samson
Musk proposes Australian tunnel; Bird, Lime valuations drop slightly; Netflix sees subscriber and revenue boost.
Tinder co-founder sued; SpaceX goes back to Brownsville; Niantic nets Axiomatic investment.
Space Exploration Technologies Corp., based in Hawthorne, will soon move the development and production its Starship test vehicle to its plant in South Texas.
Culver City-headquartered mobile game developer Jam City Inc. announced Jan. 16 it completed a $145 million fundraise, led by JPMorgan Chase Bank, Bank of America Merrill Lynch and CIT Bank.
Tim Stone, Snap Inc.’s chief financial officer, announced Jan. 15 he will resign after working for the Santa Monica social media company for just eight months.
Gen.G hires MLB exec as CEO, price hike for 58 million Netflix users; Boring Co. staffs up.
Former Major League Baseball Enterprises Inc. vice president of product and marketing Chris Park was named Gen.G E-sports Group’s new chief executive and executive chairman.
Bird rescinds legal threat; Endeavor streaming established; CareerArc nets $30 million.
Approximately 10 percent of Hawthorne-based Space Exploration Technologies Corp.’s estimated 600 employees will be laid off.
Instapage and Nfusz partner; Neftlix sued for $25 Million; Netease continues publishing for Blizzard
Zwift straddles the exercise and e-sports market with cycling software
Professional cycling and e-sports collide at Zwift.
Albert Corp. wants to build more human interface for A.I. financial advisers
Albert Corp. aims to give A.I. a human touch after $15 million fundraising round.
Gimbal acquires part of UberMedia; Bungie terminates Activision contract early, Ring’s security not so secure?
Former Comcast executive hired by Jukin Media; new executives at Activision Blizzard; Bird seeking new funding.
Fox Sports Digital announces Women’s World Cup content; Fandango inks deal with IMAX; Hulu grows subscriber base.
Ring offers new products; Government shutdown delays SpaceX launch; SoulPancake hires new executives
Flo Technologies Inc., based in Culver City, completed a Series B fundraising round worth $28 million Jan. 4, bringing the home water monitoring system developer’s total funding to an estimated $39.3 million.
Warner Bros. settles “Westworld” game lawsuit; Digital Domain spins off new startup; IBM’s weather app sued by city attorney
AT&T earthquake app available for download; LA Times malware ID’d; Westwood data storage firm raises $100 million.
Cloud Constellation Corp., based in Westwood, finalized a $100 million Series B equity round Dec. 20, led by HCH Group Company Ltd., a subsidiary of Hong Kong-based Haier Group.
Blizzard tweaks e-sports chats; Disney and Verizon sign deal; Durkin replaces Neumann at Activision Blizzard.
Beyond Meat Inc., based in El Segundo, announced Jan. 2 it linked with CKE Restaurant Holdings Inc., the parent company of fast-food chain Carl’s Jr., to offer meatless burgers at 1,000 Carl’s Jr. restaurants nationwide.
Caltech scientists experiment with DNA; Netflix abandons iTunes payment; L.A. Times hacked
Snap cuts holiday bonuses; Disney plans NBA virtual reality experience; Netflix executives expect 2019 raises.
SpaceX lands $29 million from the U.S. Airforce; Snap’s 2019 goals analyzed; “phishing” scam targets Netflix consumers.
Military GPS satellite launched by SpaceX; Blizzard begins player tracking; Viacom executive joins Quibi.
Semtech files lawsuit against Spark Connected; SpaceX preps for Dragon launch; Telltale lead writer joins Insomniac Games
Pacific Avenue Capital Partners and Highland Capital Management portfolio company Emerald Textiles acquired the assets of MediClean Inc., a healthcare-linen service provider.
Firm must pay $250K, could be forced to make investors whole
Cryptocurrency company ParagonCoin announces settlement with SEC.
Jet propulsion lab hacked; NASA InSight lander listens for ‘Marsquakes’; $500 million for Musk’s net; Popdog launches, gains $9 million.
Car leasing and financing provider Fair announced Dec. 20 it completed a $385 million Series B round, led by SoftBank Group Corp. Following this round, Fair now has access to nearly a $1 billion in debt capital since its 2016 founding and has raised over $500 million in equity to date.
Pasadena-headquartered Elementary Robotics Inc. announced a $3.6 million seed raise Dec. 19, led by Fika Ventures and Fathom Capital. Additional investors participating in the round included Toyota AI Ventures, Ubiquity Ventures, and Osage University Partners. Elementary’s prior funding consisted of a $1.2 million pre-seed round in October 2017.
AvantStay, a West Hollywood-based hospitality firm that provides short-term vacation rentals to groups, announced Dec. 19 it received $5 million in a round led by Menlo park investment firm Bullpen Capital.
SpaceX plans Air Force satellite launch; Maple Media publishes “Skate Jam;” $8 million raised by TicketGuardian
Ring adds doorbell facial recognition; Yuetings assets frozen; Netflix pushes film towards theaters
ParagonCoin Inc., headquartered in Hollywood, settled an Initial Coin Offering (ICO) dispute with the Securities and Exchange Commission Dec. 13, agreeing to pay a fine of $250,000 and provide investors with the opportunity to recoup their lost funds.
Evacuation at Infinity Ward office; Parker releases shoreline app; Gelb suspended for two unpaid months
Pacific Avenue Capital Partners and Highland Avenue Funds portfolio company Emerald Textiles announced Dec. 13 its acquisition of the assets of MediClean Linen and Laundry, a healthcare linen service provider. MediClean operates a location in Commerce, Calif., from its headquarters in Anaheim, and Emerald Textiles now operates both.
Defense and commercial spending support more local firm’s space programs
Aerospace and defense companies in Los Angeles set their sights on space this year.
Postmates bringing delivery robots to LA; Riot Games leads Hypixel investment; Vyng Series A totals $4 million
Pearl Abyss sets up in Manhattan Beach; Blizzard takes Overwatch League on the road; Happiest Baby Inc. raises $23 million
Four months after announcing its arrival in Long Beach, Cerritos-based Razor USA will bring shared electric scooters to LA, as well.
Pearl Abyss Corp., based in Anyang, Gyeonggi, South Korea, announced Dec. 12 it will move from a temporary office in Irvine, Calif., to establish a full-time U.S. headquarters at the Omni Group Towers in Manhattan Beach.
Hulu opens ad bidding; Calibrate Ventures completes inaugural fund; AppOnboard funding totals $35 million.
Mobile app demo and analytics platform AppOnboard Inc., based in Santa Monica, announced Dec. 11 it completed a $15 million series B funding round led by Breakaway Growth Fund, bringing its total 2018 fundraising to $30 million. To date, AppOnboard has raised $35 million.
Snap Inc., based in Santa Monica, announced Dec. 10 Julie Henderson will join the social-focused camera company as chief communications officer.
RealD signs China deal; Katzenberg details Quibi plans; TrueCar buys DataScience
3D and visual technology developer RealD Inc. announced Monday it signed a deal with Beijing, China-based Wanda Cinema Line Corp. to install RealD 3D film screens into 100 of its theaters across China.
Mobile advertising firm Maple Media announced Monday it acquired the intellectual property rights to San Francisco-based game developer Banana & Co.’s game portfolio.
New sponsors for Call of Duty World League; InSight Rover starts taking red planet data; former employees say Defy Media’s abrupt closure left them without final paychecks.