StartEngine Raises $800,785 (So Far) In Its Very Own Equity Crowdfunding

Los Angeles-based crowdfunding site StartEngine said on Friday that so far, it has raised $800,785 in the equity crowdfunding for itself. StartEngine launched that equity crowdfunding effort back in September. StartEngine operates an online marketplace which lets companies run equity crowdfunding efforts for themselves, letting contributors gain equity in companies by contributing to funding rounds for startups. StartEngine is led by Howard Marks, who was a co-founder of Activision....Continue →

Securonix Raises $29M For Big Data Security

Los Angeles-, Redwood City-and Addison, Texas-based Securonix, a developer of big-data focused, security information and event management (SIEM) tools for the cybersecurity market, recently raised $29M in a funding round. The Series A funding came from Volition Capital and Eight Roads. Volition Capital led the round, with Roger Hurwitz of Volition joining the company's board as part of the funding....Continue →

Upfront Backs Jiko For Banking Alternative

Los Angeles-based venture capital investment firm Upfront Ventures has made an investment in Jiko, a startup developing an alternative to traditional banks. Jiko said this week that it raised $7.7M in its Series A, which came from Upfront Ventures, Radical Impact, and Social Capital. Jiko was founded by Stephane Lintner (formerly of Goldman Sachs) and Rocky Motwani (formerly of JP Morgan). Litner is also a Ph.D. in Applied and Computational Mathematics from Caltech....Continue →

Microsemi Acquires Timing Business From Vectron International

Aliso Viejo-based semiconductor developer Microsemi said it has agreed to acquire the high performance, timing business of Vectron International. Microsemi said it paid $130M for the business, which was owned by Knowles Corp.. Microsemi said the acquisition will help it expand its high performance timing product portfolio and expand in the aerospace and defense, communications, industrial applications market....Continue →

AirMap Automates Drone Requests To FAA With New App Feature

Santa Monica-based AirMap, the startup developing airspace management software for drones, said on Thursday that it has added integration with the FAA, to automate what had been a very cumbersome process to gain authorization to operate near U.S. airports. According to AirMap, its app now allows licensed, commercial drone operators with Part 107 authorization to request authorization to fly in controlled airspace near four, U.S. airports, all via its iOS and Android apps....Continue →

Evite Pushes 'Tiny Parties'

Los Angeles-based online invitation site Evite is hoping to encourage the use of its service in small, informal gatherings, through the promotion of what it calls "Tiny Parties". According to Evite, it's been seeing a trend where users are using its platform for events which have five or fewer invited guests over the past 12 months, with 9.3 percent of events on the platform fitting that description....Continue →

Netflix Steals Back HR Exec From Scopely

Online movie streaming service Netflix has stolen back an executive from Los Angeles-based Scopely, to head up its human resources and talent management efforts. Netflix said on Thursday that it has named Jessica Neal as Chief Talent Officer of the company, to head up the company's group responsible for culture, human resources, recruiting, and coaching its team, according to the company. Neal had been Chief People Officer at Scopely in Los Angeles until earlier this year....Continue →

Snapchat Avoids Fake News With Secret Weapon: Humans

As more and more revelations of abuse of advertising systems at Google and Facebook by Kremlin-linked advertisers continue to surface--Venice, California-based Snapchat has managed to keep itself free of "fake news" using a secret weapon: humans. According to a report from Bloomberg, published Thursday, Snapchat has employed a team of human editors to surface legitimate, professionally edited content, specifically curating the news it is presenting to its users....Continue →

Virgin Galactic To Get $1 Billion From Saudi Arabia

Mojave-based commercial spaceflight developer Virgin Galactic said on Thursday that the Kingdom of Saudi Arabia will invest $1 billion into the company. The funding comes from the Public Investment Fund (PIF) of Saudi Arabia, which also has the option to invest an additional $480M in the company for future space services....Continue →

Marlin Equity Buys Logi Analytics

Los Angeles-based private equity investor Marlin Equity Partners has acquired business intelligence and analytics software developer Logi Analytics, the two said Thursday morning. Financiald details on the transaction were not announced. Logi is based in Mclean, Virginia, and develops software that is used by application developers create analytics apps for the enterprise, business intelligence market. Marlin Equity has more than $6....Continue →

ServiceNow Buys SkyGiraffe

Santa Clara- and San Diego-based ServiceNow said on Wednesday that it has acquired San Mateo-based SkyGiraffe, a developer of a mobile software development platform. Financial details of the buy were not disclosed. ServiceNow said the buy will help its customers easily deliver "consumer-like" mobile experiences for applications build on its Now Platform. The company said it will embed SkyGiraffe's technology in its Now Platform in 2018....Continue →

Tech Scenes: Espree Devora of WeAreLATech

Welcome to Tech Scenes where we explore what makes tech founders and the cities they live in thrive.

In this solo episode we meet up with Espree Devora and talk about WeAreLATech, the LA tech community, collaboration, LA tech growth, and the passion behind being a tech connector in Los Angeles....Continue →




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