TECHNOLOGY

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.

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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.

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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.

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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.

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Ordermark Raises $18 Million to Expand Business

Alex Canter, the heir to one of Los Angeles’ most dominant delicatessens, raised an $18 million Series B for Ordermark Inc., his online food ordering and delivery platform.

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Silicon Beach Report July 24: Bryant Stibel Backs Tile

Snap stock on the upswing; Tile gains $45 million; FanDragon raises seed round

Silicon Beach Report July 23: Revenue Rises at Snap

SpaceX resupplies International Space Station; WeRecover uses apps to treat addiction; Snap beats expectations in Q2

Snap Beats Earnings Expectations Again

Snap Inc. posted second quarter earnings today, continuing its trend of beating analyst expectations for revenue and trimming losses.

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Tapcart Raises $4 Million Seed Round, Led by Greycroft

Software developer Tapcart Inc., based in Santa Monica, announced it completed a $4 million seed round led by venture firm Greycroft.

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Chatbot Startup Convrg Joins Haptik

Chatbot developer Convrg is merging with Haptik, a New York-based artificial intelligence company.

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Silicon Beach Report July 22: Blizzard Co-Founder Departs Company

Hulu CFO leaves for Amazon; Frank Pearce retires from Blizzard; SpaceX picks hyperloop competition winner

Signal Sciences Expands in Culver City

Web security firm Signal Sciences Corp. opened a new 10,000 square-foot office close to its Culver City headquarters, and now occupies roughly 20,000 square feet in L.A. County.

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HyreCar Announces Pricing of Second Stock Offering

Downtown-based digital car-sharing marketplace HyreCar Inc. announced July 19 it will sell an additional 3.5 million shares to raise capital to expand its staff and technology offerings.

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Silicon Beach Report July 19: HyreCar Announces Stock Offering

ZEFR sells to Vobile; HyreCar prices 3.5 million additional shares; Virgin Orbit to provide RAF launch services

SpaceX Fuels Industry’s Rebirth

AEROSPACE: Company’s alumni launch local ventures

Alumni of SpaceX are leading a renaissance in aerospace.

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