Thursday, October 13, 2016Hyperloop One Gains $50M In New FundingLos Angeles-based transportation technology developer HyperLoop One disclosed on Thursday afternoon that it has raised $50M in new funding, from DP World Group of Dubai. The startup--which is attempting to bring Elon Musk's idea for the "Hyperloop" system to life, said it has added a representative from DP World Group to its board. Hyperloop One had announced a deal in August to help move containers from ships at sea to a new inland port in Dubai.
posted on Thursday, October 13, 2016(Full story)
Soylent Recalls New Soylent BarIn an inauspicious start for the newest product from Los Angeles-based alternative food startup Soylent, the company said last night that it is recalling all of its new "Soylent Bar" products, and asking its customers to "discard any remaining bars in their possession". The company said the recall comes after a "small number" of its customers have "experienced gastrointestinal issues" after consuming the bar. Soylent just launched the new product a month ago. Soylent said the issue "does not ap (More info...)
posted on Thursday, October 13, 2016(Full story)
Facebook, Google Connect LA, Hong Kong Via Undersea Ultra-High Speed CableFacebook, Google, and telecom and undersea infrastructure developer TE SubCom and PLDC (Pacific Light Data Communication Co. Ltd.) said on Wednesday that they are teaming up to build a 12,800 km, transpacific submarine cable system. According to the companies, the low latency route will connect Hong Kong and Los Angeles, with ultra-high capacity transmissions speeds, the very first direct between LA and Hong Kong. The companies did not say how much they will invest in the new ultra high-speed li (More info...)
posted on Thursday, October 13, 2016(Full story)
Esri, Waze Partner On Traffic DataRedlands-based mapping software developer Esri, and traffic and navigation app developer Waze--which is owned by Google--said on Wednesday that they are in a new partnership to allow government municipalities to access Waze's traffic data. The two said the partnership will allow governments using Esri's ArcGIS platform to access free, traffic information through the Waze Connected Citizens Program. The two-way system also lets governments share road closure alerts and other information through t (More info...)
posted on Thursday, October 13, 2016(Full story)
Social Reality Moves To NASDAQLos Angeles-based Internet advertising firm Social Reality, which develops software for automating real time bidding (RTB) advertising, is moving to the NASDAQ Capital Market this morning. Social Reality said its Class A common stock will begin trading as SRAX. Social Reality had previously been listed over the counter. Social Reality is led by Christopher Miglino. According to the company, its real time bidding management platform is aimed at brands and publishers, and lets brands launch, distr (More info...)
posted on Thursday, October 13, 2016(Full story)
Yardi In Major UK Expansion, Hires Team WholesaleSanta Barbara-based property management software developer Yardi is in a major expansion in the United Kingdom, saying late Wednesday evening that it has named four executives at Yardi Systems Limited. The company said it has named Martin Betts as Regional Director, to lead its sales operations across the UK, and also appointed Karen Stevenson, Mike Hobbs, and Mike Cook in a variety of regional sales positions. Betts was previously at Qube Global Software, and also served at MRI Software and Fra (More info...)
posted on Thursday, October 13, 2016(Full story)