Stories by Samson
Meditation app company has 60 million downloads
Santa Monica-based meditation app developer Headspace has expanded, bringing its total Bergamot Station presence to 22,000 square feet.
High school esports company leans into ‘League of Legends’
Riot Games Inc. has become the exclusive organizer of PlayVS Inc.’s high school “League of Legends” seasons and championships.
Starlink project aims for global broadband service
Since Hawthorne-based SpaceX began its ambitious Starlink project in late 2018, the company has launched roughly 300 small satellites into low Earth orbit.
Adtech software company will expand teams
Outdoor advertising software company AdQuick Inc. raised a $6 million Series A to expand its sales, marketing and engineering teams.
Ride-hailing company Uber Technologies Inc. closed a customer support office downtown and laid off roughly 80 employees.
Digital dating service reports a 36% jump in users for 2019
Dating app owner Match Group reported an estimated 16% annual increase in net income in fiscal 2019, due largely to Tinder, its highest-performing subsidiary.
Aerospace Corp.’s Steve Isakowitz is still aiming higher
Steve Isakowitz is president and chief executive of Aerospace Corp., the nation’s only federally funded research and development center focused on aerospace.
LA is loaded with esports venues — and there are several more on the way
Gaming-friendly Los Angeles has become a cornerstone for esports, thanks to the rollout of several competition arenas that have opened here in recent years.
Torrance-based Canoo will partner with Hyundai Motor Group to develop an electric vehicle platform for Hyundai and Kia models based on its designs.
Artificial intelligence and advertising firm GumGum raised a $22 million Series D funding round from existing investors.
ChowNow, Ordermark and ServiceTitan connect companies, consumers
While some technology developed by L.A.-based software startups is invisible to the average consumer, the impact is anything but.
Local tech execs are lifting LA to new heights
While Silicon Valley remains home for many technology industry heavyweights, Los Angeles is rapidly gaining ground as a hub for both startups and established firms.
Executives at Activision and Riot, among others, are making LA the hub for a burgeoning industry
Gaming is a global industry, but few cities are as entrenched in the production and development of video games as Los Angeles.
Earnings disappoint but users increase to 218M
While shares of Snap Inc. slumped last week following lower-than-expected results for fourth-quarter earnings, the company said aggressive efforts to increase users and reduce losses were generating positive results.
Consumer tech companies like Ring, Canoo and Bird are changing industries
Los Angeles consumer tech companies and the executives who launched them have been at the forefront of some of the most successful — and ubiquitous — products and services of the past decade.
Get to know the innovative executives who make Silicon Beach an essential hub in the tech industry.
Companies like Snap, YouTube, TikTok and more have proven they can attract talent along with users
As digital media continues to evolve, and as entertainment plays an increasingly crucial role in the category, Silicon Beach has developed into an essential location for big and ambitious companies.
HopSkipDrive, a rideshare service for children, raised a $22 million funding round.
‘Call of Duty’ league lands PlayStation, Mountain Dew
Santa Monica-based game publisher Activision Blizzard Inc. signed several high-profile sponsors for its new “Call of Duty” League, two weeks after launching the professional esports competition.
Canada’s top transit operator starts deal with EV maker
BYD Motors Inc., the downtown-based electric bus manufacturer, delivered two vehicles to the Toronto Transit Commission, Canada’s largest transit operator, as the first part of a 10-bus order.
Company also adds $75M to Series D
Electric scooter operator Bird Rides Inc. acquired Circ, an electric scooter company headquartered in Berlin, in a bid to expand the Santa Monica-based company’s European operations.
Venture firm leads seed round for crypto data startup
Venture capital and private equity investment firm Draper Goren Holm has made its first investment since a major management move in December, leading a seed round for Costa Mesa-based LunarCrush Inc.
Adam Bierman will step down in February from the cannabis company he helped establish in 2010.
EV maker BYD Motors will construct a 50,000-square-foot facility in Rancho Dominguez to house its electric forklifts.
Multimedia analysis firm and TV Time parent company Whip Networks Inc. raised a $50 million Series D.
Auto information and car appraisal service Edmunds.com Inc. will lay off 130 employees, effective in March.
GLG Gaming Inc. raised a $5 million seed round for ProGuides, its instructional video platform for gamers.
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.
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.
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.
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.
Dairy-free brand plans global expansion
Califa Farms raised $225 million to fuel its international expansion and launch new product lines.
Deal brings firm’s AI software to film studio
Warner Bros. Pictures International is betting that artificial intelligence can help manage its expansive catalog.
Entertainment Partners acquires SyncOnSet
Burbank-based Entertainment Partners has acquired Culver City-based software developer SyncOnSet Technologies Inc.
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.
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.
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.
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.