Friday, October 27, 2017
Square 1 Bank
Square 1 Bank is a division of Pacific Western Bank, a Los Angeles-based commercial bank with over $21 billion in assets. A full service financial services partner to entrepreneurs and their investors, Square 1 provides clients flexible resources and attentive service to help their companies grow. Square 1 offers a broad range of venture debt, treasury and cash management solutions through offices in top innovation centers: Atlanta, Austin, the Bay Area, Boston, Chicago, Denver, Durham, Los Angeles, Minneapolis, New York, San Diego, Seattle and Washington, DC. Pacific Western Bank is a wholly-owned subsidiary of PacWest Bancorp (NASDAQ:PACW). For more information, visit, or send an email to

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. The company (More info...)

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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. Securonix runs its administration offices out of Los Angeles, sales and marketing in Redwood City, (More info...)

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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. Jiko offers up a mobile app, (More info...)

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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. Vectron develops such products as crystals and crystal oscillators; frequency translato (More info...)

posted on Friday, October 27, 2017(Full story)

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. Those airports are Cinc (More info...)

posted on Friday, October 27, 2017(Full story)

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. To that end, the site said this week it has created the Evite Tiny Party Challenge sweepstakes, (More info...)

posted on Friday, October 27, 2017(Full story)

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. She had joined Scopely (More info...)

posted on Friday, October 27, 2017(Full story)

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