TOP NEWS

Watch SpaceX's Falcon Heavy Side Booster In Test Firing

Hawthorne-based SpaceX showed off a static fire test on a side booster rocket for its Falcon Heavy last week, saying that theFalcon Heavy will be using a booster that launched its Thaicom 8 mission into space. The test firing, at SpaceX's test labs in McGregor, Texas, are part of an effort by SpaceX to launch its first Falcon Heavy rocket sometime this year. The company had conducted another, static fire of another part of the Falcon Heavy earlier this month....Continue →


Qualcomm To Pay $940M To BlackBerry Limited

San Diego-based Qualcomm has agreed to pay $940M to BlackBerry Limited, in a conclusion of an arbitration case, over overpayment of royalties by BlackBerry to Qualcomm, BlackBerry said on Friday. The agreement comes after an arbitration decision made on April 12th. According to BlackBerry, Qualcomm will pay the full amount of the final award on or before May 31, 2017. The payment comes as a result of overpayments by BlackBerry between 2010 and 2015....Continue →


Yardi Launches New SEO/SEM Marketing Service

Santa Barbara-based Yardi, the developer of property management software, has launched a new property marketing service, which includes search engine optimization (SEO), search engine marketing (SEM), and enhanced online listings on Yardi's RENTCafe service. According to Yardi, the new RENTCafe Reach residential property management service is designed to attract prospects to multifamily properties. Pricing on the new service was not announced.Continue →


LogicMonitor Names Sales VP

Santa Barbara-based LogicMonitor said Thursday that it has named Michael Tarbet as its new Vice President of Sales. Tarbet previously served at such companies as UnboundID, RightNow Technologies, and Oracle. LogicMonitor is a developer of cloud-based, performance monitoring software for IT infrastructure. The company is backed by Providence Equity Partners.Continue →


The Rogue Initiative Raises Series A Funding

Hollywood-based The Rogue Initiative, a new virtual reality content and production studio, said it has raised a Series A funding round. The company did not say how much was raised, only that it was a "seven figure" amount. The funding came from CBT Capital Limited, a Chinese media fund. According to The Rogue Initiative, the funding will go towards development or original traditional and immersive film and television projects....Continue →


Tensorcom Gets Wi-Fi Alliance Certification

San Diego-based Tensorcom, a developer of ultra low power 802.11ad WiGig semiconductors--which is backed by NantWorks and LA biotech billionaire Dr. Patrick Soon-Shiong--said this week that it has certified its products under the Wi-Fi CERTIFIED WiGig certification. Tensorcom certified its TC60G1316UE System-In-Package (SIP), a systems-on-a-chip which brings gigabit wireless connectivity to low power devices....Continue →


Vinny Smith's Toba Capital Gets Exit At Codenvy

Toba Capital, the venture capital investment firm founded by Quest Software's Vinny Smith, has scored another exit, this time at San Francisco-based cloud applications tool developer Codenvy. Red Hat said this morning that it has acquired Codenvy, but did not disclosed financial details of the acquisition. Codenvy was backed by both Auriga Partners and Toba Capital, and had raised less than $10M in funding since it was founded in 2013....Continue →


Chef'D Gets $10M From Campbell's Soup For Meal Kits

El Segundo-based Chef'D, which provides over 500 different meal kits for delivery to consumers, without a subscription, has raised $10M in a Series B funding, the company disclosed this week. The funding came from m Campbell's Soup Co. and FreshDirect. Chef'D send personalized recommendations on meals, based on a questionnaire and personal needs, and sends those ingredients pre-portioned in an insulated box to users for cooking at home.Continue →


Faraday Future Seeking $1 Billion

Los Angeles-based electric vehicle maker Faraday Future is looking to raise $1 billion in new capital, as its main backer--billionaire Jia Yueting--apparently has run out of capital to invest in the company, according to a report from Bloomberg today. The report says Faraday Future has been talking with sovereign wealth funds in hopes of raising that billion dollars, as Yueting, the founder of troubled television maker LeEco, has run into a major cash crunch....Continue →


Rocket Lab Reaches Space

Huntington Beach-basd Rocket Lab, a startup developing small satellite launch vehicles, says it successfully launched its first Electron rocket into space. The company said it reached space a 16:23 New Zeland time, after a launch from a location on the Mahia Peninsula in New Zealand. Rocket Labs, led by CEO and co-founder Peter Beck, has been building a small rocket specifically for use as a private orbital launch vehicle....Continue →


Inseego's Novatel Wireless Sales Saga Continues

San Diego-based Inseego, which develops telematics and fleet management products, gave an update to its sale of Novatel Wireless to Chinese company Jade Ocean Global Limited, a subsidiary of T.C.L. Industries Holdings (H.K.) Limited this morning, with more news of delays in getting the deal approved....Continue →


Wemo To Connect To Apple HomeKit

Playa Vista-based Wemo, the smart home products brand which is owned by Belkin International, announced this morning that it will be connecting its products to Apple's HomeKit. The connection allows Wemo users to control their systems using Siri on their iPhone, iPad, or Apple Watch. According to Belkin, the new connection will come via the Wemo Bridge for HomeKit, which it says will ship in the fall....Continue →



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