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.
Intellectual property licensing software developer Brainbase Inc. announced August 20 it raised a $3 million seed round led by Struck Capital.
Scopely is expanding its footprint in Europe, more than tripling its office space in Barcelona and upgrading its existing facility in Dublin.
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.
The U.S. Geological Survey has awarded $2.2 million to Caltech for additional development on ShakeAlert, an earthquake early warning system.
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.
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.
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.
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.
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.
Loot Crate Inc., which sells subscription boxes of pop culture apparel and collectibles, filed for Chapter 11 bankruptcy protection Monday.
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.
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.
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.
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.