Stories by Samson
Tech: The flurry of M&A activity figures to continue
L.A. tech companies experienced a flurry of mergers and acquisitions in late 2019, and that momentum is expected to continue in the coming months.
Lissack confident in retailer’s future, technology
Just over a year into his tenure at the cannabis retailer, Lissack has become a linchpin at the company, overseeing multiple areas of the business.
Social media company TikTok has opened an office in Silicon Beach.
Scopely Inc. acquired Playa Vista-based game developer FoxNext Games from the Walt Disney Co.
Entertainment Partners acquires SyncOnSet
Burbank-based Entertainment Partners has acquired Culver City-based software developer SyncOnSet Technologies Inc.
Deal brings firm’s AI software to film studio
Warner Bros. Pictures International is betting that artificial intelligence can help manage its expansive catalog.
Dairy-free brand plans global expansion
Califa Farms raised $225 million to fuel its international expansion and launch new product lines.
Offer in sex discrimination suit is called inadequate
Five months after announcing a negotiated settlement in a sex discrimination and pay inequity lawsuit, Riot Games Inc. could be headed back to court.
Santa Monica-based venture investors March Capital Partners led a $32 million funding round for data startup ActionIQ.
Small satellite launch firm SpinLaunch Inc. has raised a $35 million equity round.
Retailer ramps up efforts to raise $74 million
Culver City-based cannabis retailer MedMen Enterprises Inc. is continuing its aggressive push to implement its restructuring plan in light of large losses.
Company retools esports league, seeks revenue
After shutting down an existing esports league, Activision Blizzard Inc. is betting big on a new league that will begin its inaugural season Jan 24.
Quibi streaming slate, Ring gear and Hyundai flying cars generate buzz
From ambitious streaming services to fantastical flying cars, Los Angeles companies demonstrated innovative concepts in droves last week in Las Vegas at the 2020 Consumer Electronics Show.
China-based Tencent Holdings announced an agreement to purchase 10% of Santa Monica-based Universal Music Group's share capital.
Electronic Arts chose veteran gaming executive Vince Lampella to lead the Los Angeles office of its subsidiary game developer, DICE.
Santa Monica-based Snap Inc. paid $166 million to acquire AI Factory Inc., a San Francisco-based startup founded by Snap's director of engineering.
New esports division expands firm’s offerings
The newly established esports division of media services and video publishing house Bent Pixels landed two new clients as 2019 drew to a close.
Cuts follow Softbank’s sale of majority stake
Dog-walking application developer Wag Labs Inc. closed out a turbulent 2019 with another round of layoffs, according to a filing with the California Employment Development Department.
Maker of electric vehicle charging stations says deal will boost growth
Private equity firm LS Power Group, which invests in clean power and alternative energy sources across the country, has acquired a majority stake in EVgo Services.
Home of L.A.’s most innovative technology companies made bold promises in 2019. Now investors and consumers will be watching closely to see if they can deliver in 2020.
Tech: Ring, Quibi among brands heading to Las Vegas
Although it takes place at the Las Vegas Convention Center, the 2020 Consumer Electronics Show is a key event for technology companies and startups based in Los Angeles.
Tech: VC firm backs big and small LA startups
After several years of investing quietly, BAM Ventures is making some noise, generating headlines in November with its largest exit to date when Mid-Wilshire-based ecommerce software developer Honey Science Corp. was sold to Paypal Holdings Inc. for $4 billion.
Digital content studio Culture Genesis Inc. acquired the assets of All Def Digital, a media company founded by Russell Simmons.
Wavemaker Partners and Launch co-led a $2.1 million seed funding round for software company Balloon.
Gaming: Riot CEO Nicolo Laurent took steps to put the game publisher back on track
For Nicolo Laurent, chief executive at West L.A.-based Riot Games Inc., 2019 brought some significant gains.
SMS marketing firm plans to expand its team in 2020
Text message marketing firm Postscript raised a $4.4 million seed round to expand its workforce and onboard new ecommerce clients.
Cannabis: MedMen made big strides in 2019 before switching gears and cutting costs
It was a year of highs and lows for MedMen Enterprises Inc.
Tech: Elon Musk made plenty of progress — and headlines — on multiple fronts
Elon Musk had a series of weighty accomplishments in 2019, especially with SpaceX.
Idealab company staffs up and moves downtown
Pasadena-based software developer X1 Discovery Inc. is closing out 2019 with a series of big changes.
Westwood-based Boingo Wireless has laid off more than 16% of its workforce.
MedMen has received $37 million in gross cash proceeds for the sale of various businesses since Nov. 26.
Glendale-based ProducePay Inc. raised a $205 million debt financing round Dec. 10.
Tech: Deal with SM firm creates Draper Goren Holm
Timothy Draper has a history of funding some of the technology sector’s most prolific startups and now the venture capitalist is bringing his money to Los Angeles.
Struck Capital’s Adam Struck believes the city’s startup community can rival Silicon Valley
Santa Monica-based venture capital firm Struck Capital is all-in on L.A. The firm invests in an array of industries, from lifestyle products and gaming to financial and educational technology.
Riot Games announced the launch of Riot Forge, a third-party developer publishing label.
Pasadena medical software developer Deep 6 AI raised a $17 million Series A.
Glendale-based software firm ServiceTitan acquired water treatment software developer WaterSoftWare for an undisclosed sum.
Wag Labs Inc. said product head Garrett Smallwood has replaced Hilary Schneider as the company's chief executive.
Tech: Video firm raises $50M for Hollywood location
New York-based video editing software developer Frame.io Inc. has raised a $50 million Series C round and will use part of the funding to gain a foothold in the L.A. market.
Charging station company, automaker add more perks
Sawtelle-based EVgo Services has expanded its existing relationship with Japanese automaker Nissan Motor Co. Ltd., offering free charges to Nissan drivers at any of its charging locations.
Venice-based startup Altruist Corp. raised an $8.5 million Series A round.
AUTOS: EV makers, service companies roll out products and court investors
L.A. automakers show off their wares at the L.A. Auto Show.
Outsourcing firm TaskUs wins by helping other companies grow
TaskUs uses its expertise in growing companies to manage its own growth.
PayPal Holdings Inc. paid $4 billion to acquire Mid-Wilshire-based ecommerce software developer Honey Science Corp.
Cannabis retailer MedMen Enterprises Inc. will lay off more than 190 employees and restructure its business assets in a bid to achieve a positive balance sheet.
Esports organization Immortals Gaming Club finalized the sale of an esports team to Naples, Fla.-based Beasley Broadcast Group Inc. on Nov. 15.
GAMING: Company seeks to balance mobile, console
Activision Blizzard announces better-than-expected third-quarter earnings and a loss of 3 million users.
Wi-Fi provider narrows losses in third quarter
Boingo Wireless sees a boost from contracts to provide Wi-Fi to the military.
Digital banking startup looks to launch in 2020
Halleman Bradley to launch a tech-focused banking platform following a $3.5 million seed round.
Santa Monica-based Super League Gaming Inc. reported a third-quarter revenue increase of 129% year over year to $350,000.