TECHNOLOGY

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

Rick Fox Sued by Echo Fox Partners

One week after Riot Games Inc. kicked Echo Fox out of its "League of Legends" esports tournament, the company itself is looking to kick out its celebrity founding owner Rick Fox, saying he owes the other investors at least $2.5 million.

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Brainbase Brings in $3 Million

Intellectual property licensing software developer Brainbase Inc. announced August 20 it raised a $3 million seed round led by Struck Capital.

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Mobile Game Developer Scopely Expands Internationally

Scopely is expanding its footprint in Europe, more than tripling its office space in Barcelona and upgrading its existing facility in Dublin.

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Tala Raises $110 Million Series D

Santa Monica-based financial technology startup Tala completed a $110 million Series D raise to expand its market reach in India and continue developing its mobile micro-lending platform.

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USGS Awards $2.2 Million to Caltech for Earthquake Warning System

The U.S. Geological Survey has awarded $2.2 million to Caltech for additional development on ShakeAlert, an earthquake early warning system.

Echo Fox Exits Riot Games Championship League

Esports team owner Echo Fox has forfeited its role as a competitor in Riot Games Inc.’s lucrative “League of Legends” League Championship Series after failing to sell the spot to another bidder.

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March Capital Leads $51 Million Funding Round in AI Company Uniphore

Santa Monica-based venture investors March Capital Partners led a $51 million Series C round for conversational artificial intelligence developers Uniphore Software Systems Private Ltd.

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SoftBank Vision Fund Invests $110 Million in Idea Lab's Energy Vault

Renewable energy storage firm Energy Vault, a portfolio company of Pasadena's Idea Lab, received a $110 million investment from SoftBank Vision Fund to scale its operations and expand into international markets.

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Advertising Tech Firm Lucidity Raises $5 Million

Marina del Rey advertising technology outfit Lucidity has raised a $5 million Series A round of funding to invest in engineering, product development and customer support.

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Singularity Six Snags $16 Million

Andreessen Horowitz led a $16.5 million Series A funding round for Sawtelle-based online multiplayer game developer Singularity 6 Corp., which will use the cash to develop its first fantasy multiplayer game.

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Loot Crate Files Bankruptcy, Plans to Sell Assets

Loot Crate Inc., which sells subscription boxes of pop culture apparel and collectibles, filed for Chapter 11 bankruptcy protection Monday.

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Profits Slide at Activision as Competitors Gain Ground

The Santa Monica-based video game publisher behind popular games such as “Call of Duty” and “Overwatch” saw its profits decline more than 18% from this time last year, reporting a net income of $328 million.

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Stamps.com Profit Plunges After Ending Postal Service Partnership

In its first quarterly earnings report since terminating the agreement, Stamps.com posted a net income of $14 million, down 69% from $45.5 million this time last year.

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Postmates is Arriving at Dodger Stadium

The Los Angeles Dodgers named San Francisco-based mobile app Postmates Inc. as a concessions partner — bringing the ease of food pickup into the stadium.

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Tinder Parent Cos. Sued by Former Communications Director

A former executive at West Hollywood headquartered dating app developer Tinder Inc. filed a lawsuit Monday alleging she was sexually assaulted by Gregory Blatt, the company's former CEO.

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