Thursday, February 9, 2017LA Gets Its Third HyperLoop Company, ArrivoLos Angeles now officially has its third startup working on developing technology to bring Elon Musk's concept of the "Hyperloop" to reality, in the form of Arrivo, led by former Hyperloop One CTO Brogan BamBrogan. Arrivo has apparently opened up an office just a few blocks from Hyperloop One. The new startup comes after BamBrogan was ousted from Hyperloop One, in a huge scandal involving back and forth between Hyperloop One's founders and BamBrogan. BamBrogan and Hyperloop One settled their law (More info...)
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Spokeo CEO's Immigrant Experience Shaped Opposition To Immigration BanHarrison Tang, the CEO of Pasadena-based Spokeo, says his experience as an immigrant who arrived in the U.S. from Taiwan when we was 13, helped shaped the company's opposition to the recent Presidential immigration ban. Tang said that most of Spokeo's co-founders also came from immigrant families, and that what is special about American culture is it "embraces all of us with open arms". Spokeo was one of a number of technology firms active here--including SpaceX, Scopely, General Assembly, and S (More info...)
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Greycroft Partners Raises $250M In New Growth FundGreycroft Partners, one of the more active investors in Los Angeles technology startups, announced on Thursday that it has raised $250M in a new, growth equity fund. The fund, Greycroft Growth II, will be focused on expansion rounds for the company's existing, early stage venture funds, along with new investments not previously in its portfolio, according to the firm. Greycroft says that it has promoted Dylan Pearce to Partner along with the new fund; Greycroft's existing partners are Alan Patri (More info...)
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SpaceX Sets Resupply Mission To ISS For February 18thHawthorne-based spacecraft developer SpaceX is aiming to launch its next payload into space--a resupply of the International Space Station (ISS)--on February 18th. According to NASA's latest launch schedule, the resupply to the ISS is now being aimed at 10:01 a.m. EST on February 18th, with 5,266 pounds of cargo being scheduled for delivery to the ISS. SpaceX will be launching the mission from Launch Complex 39A at NASA's Kennedy Space Center in Florida, which is a replacement for the launch pad (More info...)
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Exactuals Gets $10MLos Angeles-based Exactuals has raised $10M in a Series A funding, for a new software-as-a-service to handle residuals, royalties, and other complex payments for the film, TV, music, and entertainment market. The funding was led by City National and TTV Capital, and also included Stanford-StartX Fund, S-Cubed Capital, Palo Alto Venture Partners, Skyview Fund, The Strand Partners, Temerity Capital, and angel investors Russell Siegelman, Mark Leslie, Steve Dow, and John Svoboda. Exactuals announce (More info...)
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Warner Brothers' TT Games Buys PlaydemicTT Games, the European developer of the popular LEGO game titles--including LEGO Star Wars and LEGO Harry Potter, has acquired UK-based mobile game developer Playdemic. Financial terms of the buy were not announced. TT Games is part of Burbank-based Warner Bros. Interactive Entertainment. The companies said PLaydemic will work on creating new LEGO games designed for players on mobile. Playdemic had 33 employees and develops such titles as Golf Clash and Village Life.
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Ingenu Expands In ArizonaSan Diego-based Ingenu, which operates a machine-to-machine, Internet-of-Things network, says it has opened up a new, 12,763 square foot office in Scottsdale, Arizona, which will provide general and administrative functions to the company. The company said that its San Diego headquarters will continue to support engineering, procurement, operations, global licensing and other business functions. John Horn, Ingenu's CEO, shows his LinkedIn location as being in Arizona.
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Ixia, Fortinet Tie On Terabit Firewall TestingCalabasas-based network testing equipment and software deeloper Ixia, and firewall and cybersecurity appliance developer Fortinet said late Wednesday that Ixia is being a validation of terabit-speed firewalls from Fortinet. The two said that they used Ixia's CloudStorm and BreakingPoint testing products to test Fortinet's FortiGate 3980E and 7060E enterprise firewalls. The 3980E provides 1 terabit per second throughput.
posted on Thursday, February 9, 2017(Full story)