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

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.

Tease photo

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.

Tease photo

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.

Tease photo

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.

Tease photo

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.

Tease photo

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.

Tease photo

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.

Tease photo Profit Plunges After Ending Postal Service Partnership

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

Tease photo

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.

Tease photo

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.

Tease photo

Romeo Power Raises $4 Million for Electric Battery Venture

Vernon-based manufacturer Romeo Systems Inc. said Aug. 5 it secured a $4 million investment from HG Ventures to further develop energy-efficient lithium ion batteries.

Tease photo

Boingo Reports Record Revenue with New Locations, Access Fees

Profits were roughly $216,000 for Boingo Wireless Inc. in the second quarter but the Wi-Fi provider added 10 new internet service locations, setting a quarterly revenue record including about $10 million in access fees.

Tease photo

Stackin Raises $4 Million for Banking Platform

Venice-based Stackin Inc., a startup that offers financial planning advice via text message, has finalized a $4 million Series A raise to build out its platform and grow operations.

Tease photo

Loot Crate Closes Warehouse, Lays off 150 Workers

Lincoln Heights-based retailer Loot Crate Inc., which sells subscription boxes of apparel and collectibles, closed down its Vernon warehouse and laid off the facility's 150 workers this month.

Tease photo