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Samson Amore

Stories by Samson

Wheels Labs Raises $50 Million

Wheels Labs Inc., a West Hollywood-based electric bike company, raised a $50 million round led by DBL Partners.

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Faraday Future Founder Files for Bankruptcy

Jia Yueting, founder of Gardena-based electric vehicle company Faraday & Future, filed for bankruptcy Oct. 14 to address mounting personal debts.

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Triumph Aerospace to Close L.A. Facilities, Lay Off 250

Triumph Aerospace will close two factories in Hawthorne and Torrance and lay off 250 employees beginning in December.

ServerFarm Acquires UK Data Center Operator

El Segundo-based data center management company ServerFarm purchased 5NINES Global Holdings Oct. 10.

Thin Line Capital Raises First Fund, Backed by Wavemaker

Pasadena-based Thin Line Capital raised a $5 million seed-stage fund to support clean technology and eco-friendly startups.

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Canoo Sued for Gender Discrimination

Electric vehicle startup Canoo and Chief Executive Stefan Krause were sued for wrongful termination by former communications lead Christina Krause.

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MedMen Terminates PharmaCann Purchase, CFO

Cannabis retailer MedMen Enterprises Inc. terminated an agreement to acquire pot cultivator PharmaCann.

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M13 Leads $3 Million Seed Round for Doorstead

Santa Monica-based M13 led a $3.3 million seed round for property rental startup Doorstead.

Relativity Secures $140M Series C

Rocket-maker will use funds for upcoming launch efforts

Relativity Space raises $140 million, will use it to advance 3D-printing technology.

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Tokr Tees Up Deliveries

Cannabis startup partners with The Pottery for service

Startup Tokr teams up with dispensary The Pottery to offer sales and delivery services.

Rick Fox Sues Echo Fox Business Partners

Rick Fox, owner of Beverly Hills-based esports organization Echo Fox, sued several of his business partners for fraud and mismanagement of company funds.

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Bird Raises $275 Million Series D

Electric scooter operator Bird secured $275 million in Series D funding led by CDPQ and Sequoia Capital.

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SpaceX Receives Funding from NASA to Aid Moon, Mars Missions

SpaceX is one of 14 companies awarded grants from NASA to boost the agency's mission to return to the Moon and eventually land on Mars.

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Finance App Dave Inc. Raises $50 Million

Financial management app developer Dave Inc. raised $50 million from Palo Alto-based growth equity investors Norwest Venture Partners.

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Evil Geniuses Acquires LCS Slot from Echo Fox

Seattle-based esports organization Evil Geniuses will purchase a slot in Riot Games’ “League of Legends” gaming series from Echo Fox.

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Canoo Rolls Out Vehicle Prototype

AUTOS: Startup aims to have electric ‘loft on wheels’ in market by 2021

AUTOS: Startup aims to have electric ‘loft on wheels’ in market by 2021

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City of LA Contracts Everbridge for NotifyLA Upgrade

The City of Los Angeles' emergency alert system, NotifyLA, will be upgraded by Pasadena-based technology firm Everbridge Inc. thanks to a new agreement finalized Sept. 23.

AirMap Acquires Hangar Technology

AirMap Inc., a Santa Monica-based drone flight management software developer, acquired drone automation company Hangar Technology Inc. on Sept. 23.

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Clutter Acquires Storage Fox for $152 Million

On-demand storage startup Clutter Inc. paid $152 million to acquire New York-based self-storage outfit Storage Fox.

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Carmaker Canoo Feels Need for Speed

AUTOMOTIVE: EV startup prepares to unveil first vehicle

Electric vehicle-maker Canoo Inc. is preparing to reveal its first prototype.

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Kitchen United Raises $40 Million Series B

Pasadena-based Kitchen United, which operates remote kitchen facilities for restaurants, finalized a $40 million Series B raise Sept. 19.

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PlayVS Raises $50 Million

Esports league organizer PlayVS announced Sept. 19 it raised a $50 million Series C to hire more staff and further its reach into amateur esports competitions.

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Hospitality Startup AvantStay Raises $20 Million

3L Capital led the Series A financing round, which AvantStay will use to advance its rental technologies and acquire more properties for clients to rent.

Fair Obtains $500 Million Credit Facility

Car leasing startup Fair secured a $500 million loan from Mizuho Bank in the company's third line of credit since July.

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Visa Acquires Payment Protection Company Verifi

Mid-Wilshire-based Verifi, which develops software to secure electronic payments for businesses, was acquired by Visa Inc. Sept. 12.

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Relativity Signs Launch Agreement with Momentus

Aerospace startup Relativity Space Inc. will launch satellites built by Santa Clara-based Momentus into space on its 3D-printed Terran 1 rocket, according to a new agreement signed by the two companies Sept. 12.

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Science Projects

Santa Monica venture capital firm seeks out and supports disruption-minded startups

Santa Monica venture capital firm seeks out and supports disruption-minded startups

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A Rare Bird

Hawke Ventures offers funding and media support to help startups take wing

Hawke Ventures offers funding and media support to help startups take wing

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SRAX Raises $5.5 Million to Fuel European Expansion

Advertising technology software firm SRAX Inc. announced Tuesday it will bring its product offerings to Europe, an expansion made possible by the closing of an Aug. 12 equity worth $5.5 million.

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Faraday Future Finds New Chief Executive

The chief executive of Gardena-based electric vehicle developer Faraday and Future Inc. has vacated his post, according to a statement the company made Sept. 3.

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OnRobot's Human-Like Grippers Open Up Big Possibilities

OnRobot looks to grab opportunities on Earth — and beyond

OnRobot Inc. is working to develop grippers for industrial robots that mimic human abilities.

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LiveXLive and Allied Esports Team Up to Produce Gaming Events

Live event producer LiveXLive Media Inc. announced today it will partner with Allied Esports Entertainment Inc. to put on live esports events.

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March Capital Leads $4 Million Fundraise for Mobile Game Developer Knock Knock

Venture investment firm March Capital Partners led a $4 million funding round in mobile game developer Knock Knock Games Inc.

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Fair Secures $100 Million Investment from Ally Financial

Online car leasing startup Fair announced Aug. 27 it raised a $100 million credit facility led by Ally Financial Services Inc. to help finance its existing business and buy cars for its users.

Mobile Game Developer Playtika Acquires Seriously Digital

Venice-based Seriously Digital Entertainment announced Aug. 26 it was acquired by Israeli mobile game developer Playtika Ltd.

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Rick Fox Sued by Echo Fox Partners

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.

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Aerospace Property Soars

REAL ESTATE: Fresh uses for older manufacturing sites

REAL ESTATE: Fresh uses for older manufacturing sites

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Echo Fox Faces Leadership Clashes

Sale of tournament slot prompts infighting

Sale of tournament slot prompts infighting

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Brainbase Brings in $3 Million

Intellectual property licensing software developer Brainbase Inc. announced August 20 it raised a $3 million seed round led by Struck Capital.

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Mobile Game Developer Scopely Expands Internationally

Scopely is expanding its footprint in Europe, more than tripling its office space in Barcelona and upgrading its existing facility in Dublin.

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Tala Raises $110 Million Series D

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.

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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.

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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.

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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.

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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.

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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.

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PowerPlant Raises $165M

Firm aims to cultivate healthy food startups

Firm aims to cultivate healthy food startups

Snap to Sell $1 Billion in Debt Notes

New funding to be used for possible acquisitions

New funding to be used for possible acquisitions

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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.

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