Wednesday, April 25, 2018Sonos Files For IPOSanta Barbara-based Sonos has filed for a confidential IPO, according to a report on Wednesday, which says that Sonos is hoping to go public as soon as June. The report, from the Wall Street Journal, says the IPO will value Sonos at between $2.5 billion and $3.0 billion. Sonos has received backing from such investors as BV Capital, Elevation Partners, Index Ventures, Kohlberg Kravis Roberts & Co., and Redpoint Ventures. The company's founder and CEO is John Macfarlane. Sonos makes whole-home mus (More info...)
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JMI Equity Backs CampusLogic In $55M FundingJMI Equity, the private equity firm which has one of its main offices in La Jolla, is the lead investor in a round for Phoenix, Arizona-based CampusLogic. CampusLogic, which develops software tools to help streamline the management of student financial aid for schools, said Wednesday morning that it had raised $55M in a funding round from JMI Equity. CampusLogic said it will use the new investment for product development, customer success, and sales and marketing.
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NEXT Trucking, Backed By $21M From Sequoia Capital, Plans Big Hiring PushLynwood, California-based NEXT Trucking, which operates an online marketplace which connects carriers to shippers, says it is planning a big hiring push in Southern California, after a big $21M funding round from Sequoia Capital. The startup, led by CEO and Co-founder Lidia Yan, says it plans to double its workforce in Southern California, with a plan to hire more than 50 engineering, sales, operations, and marketing roles this year. The company recently hired six executives, including a new VP (More info...)
posted on Wednesday, April 25, 2018(Full story)
TaskUs Names Chief Customer OfficerLos Angeles-based TaskUs, which provides outsourced customer support and other back-end support for technology companies, said today that it has named Jarrod Johnson as Chief Customer Officer. Johnson was previously SVP of Sales at TaskUs, and will be based in the company's Dallas offices. Johnson also had served at ACS and IBM. TaskUs--which has a very significant employee base in the Philippines--also has an on-shore facility in Austin, Texas.
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Jam City's Harry Potter: Hogwarts Mystery Launches On iOS, AndroidThe highly anticipated, Harry Potter-themed videogame from Los Angeles-based Jam City--Harry Potter: Hogwarts Mystery--officially launched today, and is now on Apple's App Store and Google Play. Jam City's new title allows players to create their own character, and experience "life as a Hogwarts students"--including picking their own house, taking classes, going on adventures, and more. The game was developed by Jam City, in conjunction with Warner Bros. Interactive Entertainment, and features v (More info...)
posted on Wednesday, April 25, 2018(Full story)
Origin Code Academy Rolls Out Free Programming Intro Course OnlineSan Diego-based "code school" Origin Code Academy said this morning that it has rolled out a new, online-only, free course on programming and the basics of writing code. According to the boot camp operator, the free course is aimed at anyone interested in preparing to attend its program, or anyone interested in the basics of coding--to determine if coding is something for them or not. According to the school, the new course teaches some of the fundamentals of HTML, JavaScript, and CSS. Or (More info...)
posted on Wednesday, April 25, 2018(Full story)
Taoglas Names New VP Of EngineeringSan Diego-based Taoglas, which develops antennas for the telematics, automotive and other markets, has named Jeff Shamblin as its new VP of Engineering. Shamblin was previously at Ethertronics, where he had served in such roles as CTO and Chief Scientist. Shamblin had spent 12 years at Ethertronics, but also previously had been at SCS Corp, Claridy Solutions, Lockheed Martin, and Northrop.
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RealD Extends Deal With Cinemark Until 2022Beverly Hills-based 3D movie projection technology provider RealD said today with theater exhibitor Cinemark Holdings, that the two have renewed Cinemark's 3D agreement with RealD through 2022. Financial details of the deal were not announced by the two firms, which jointly announced the extension today. The companies said that Cinemark will also be installing RealD 3D systems in all of its new-build theaters during the term. RealD says it currently hs nearly 30,000 installed screens, and anothe (More info...)
posted on Wednesday, April 25, 2018(Full story)