J2 Global acquires four companies; Gen.G raises funds for LA HQ; $5 million raised by Slingshot Aerospace.
Slingshot Aerospace Snags $5 Million
Slingshot Aerospace Inc., located in El Segundo, announced April 17 it raised $5 million from ATX Venture Partners, Sway Ventures and Techstars. The company’s headquarters is in Austin, Texas, but it operates a secondary office in El Segundo. To date, Slingshot has raised $9.1 million to develop artificial intelligence to analyze data from satellites, aircraft, and drones, according to Crunchbase.
J2 Global Buys Four New Companies
Hollywood-based internet services company J2 Global Inc. acquired four new companies in first quarter 2019, Socaltech reports. Each of the newly acquired companies focuses on cloud backup or security services. Armada Cloud, iContact, SafeSend AS and TelesysAS are now all subsidiaries of J2 Global, which bought them to provide access to new markets and expand its product offerings.
Gen.G Raises $46 Million for LA Headquarters
According to the Hollywood Reporter, South Korean esports organizer Gen.G raised $46 million from investors including the Los Angeles Clippers, Will Smith and Boston-based Battery Ventures. The funds will be used in part to finalize the launch of Gen.G’s new headquarters, set to open in Los Angeles in July of this year.
Tech reporter Samson Amore can be reached at [email protected] or (323) 556-8335. Follow him on Twitter @samsonamore.
