Monday, February 4, 2019
MediaAlpha Gets Private Equity Injection
Los Angeles-based programmatic advertising software developer MediaAlpha announced Monday afternoon that it has raised a new, strategic investment, from private equity investor Insignia Capital Group. Exact size of the investment was not announced, however, MediaAlpha said the recapitalization transaction values the company at approximately $350M. Current investor White Mountain Insurance Group, Ltd. will remain a "significant equity holder" in the company, according to MediaAlpha, with 42 perce (More info...)
posted on Monday, February 4, 2019(Full story)
Tesla Buys San Diego's Maxwell Technologies For Energy Storage Tech
Tesla Motors, the electric car-and-solar panel company led by Elon Musk, is acquiring San Diego-based technology developer Maxwell Technologies, in a deal worth approximately $218M, the companies announced on Monday. ACcording to the two, the merger agreement calls for Tesla to pay $4.75 per share for all of the outstanding stock of Maxwell Technologies. Maxwell is publicly traded on the Nasdaq as MXWL. Maxwell's products include ultracapacitors, being applied to energy storage for the energy u (More info...)
posted on Monday, February 4, 2019(Full story)
Techstars Music Names New Class Of Startups In LA
Techstars Music Accelerator, one of the startup accelerators that Techstars operates in Los Angeles, has named the latest startups to become part of its program, saying that it has selected nine startups for the latest program, which runs from February 4th through May 2nd. According to the accelerator, the startups include The Music Fund (streaming music pricing); SuperRes (artificial intelligence classification of music); Inklocker (on-demand manufacturing); Marble AR (augmented reality); Mila (More info...)
posted on Monday, February 4, 2019(Full story)
CBRE Group Buys Data Center Technology Provider Romonet
Los Angeles-based commercial real estate services giant CBRE Group announced this morning that it has acquired UK-based Romonet Limited, a provider of software, technology, and consulting services for the large global data center market. Financial details of the acquisition were not announced. According to CBRE Group, Romonet's team of professonals will join CBRE as part of the acquisition. Romonet was foundee in 2008, and was founded by Zahl Limbuwala and Liam Newcombe. CBRE said it will integr (More info...)
posted on Monday, February 4, 2019(Full story)
MomentFeed Names SVP Engineering
Santa Monica-based MomentFeed, the developer of software that helps multi-location brands manage the mobile experience for their customers, has named Avik Dey as its new Senior Vice President of Engineering, the company said this morning. Dey was most recently Executive Vice President, Technology at Marin Software, and also served as Worldwide Director, Big Data Product/Apache Engineering at Intel Corporation, in addition to serving at Yahoo! and eBay.
posted on Monday, February 4, 2019(Full story)
SpaceX Test Fires New Raptor Engines
Hawthorne-based SpaceX has test fired its new Raptor engines, the new engines which are being developed for the next SpaceX launch vehicle. The Raptor engine is a liquid-fueled rocket engine which uses methane and liquid oxygen, and are expected to have about twice the power of the current Merlin 1D engines used in the SpaceX Falcon 9. pic.twitter.com/ChEGbjTGKZ— Elon Musk (@elonmusk) February 4, 2019
posted on Monday, February 4, 2019(Full story)
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