Friday, November 16, 2018
Greycroft Invests $20M In Freight Marketplace
Los Angeles- and New York-based venture capital investment firm Greycroft Ventures is the lead investor in a new, online marketplace for the freight and trucking industry. According to Scottsdale, Arizona-based startup Emerge, it has raised $20M in a seed funding round, which was led by Greycroft, as well as other existing investors. The startup was founded by veterans of the logistics industry, Andrew and Michael Leto, who created Globaltrans, a third party logistics company which was acquired (More info...)

posted on Friday, November 16, 2018(Full story)

Cylance Acquired By BlackBerry For $1.4 Billion
Irvine-based cybersecurity software developer Cylance has been acquired by BlackBerry, in a deal worth $1.4 billion in cash, BlackBerry announced this morning. Cylance, develops artificial intelligence-based cybersecurity software, which detects and reacts to cybersecurity threats. Cylance was co-founded and is led by Chairman and CEO Stuart McClure. The company was founded in 2012, and was venture backed by Blackstone Tactical Opportunities, Dell Technologies Capital, Citi Ventures, and Insight (More info...)

posted on Friday, November 16, 2018(Full story)

SpaceX Authorized To Launch Massive, 7,518 Satellite Constellation
Hawthorne-based space launch provider SpaceX, led by technology mogul Elon Musk, has just been given permission to launch a massive, 7,518 satellites into space, designed to provide saturated broadband communications across the globe. The FCC said on Thursday that it would allow the new, SpaceX satellite constellation, on top of another 4,425 satellites it already had been given permission to deploy into space. The launch of that many satellites would dwarf the current number of satellites curre (More info...)

posted on Friday, November 16, 2018(Full story)

Voxox Center Of Massive SMS Data, Security Breach
San Diego-based VoxOx, a provider of cloud-based communications services, has been caught at the center of a massive breach of SMS messaging security, after security researchers discovered VoxOx had left open one of its servers--allowing the security researchers to see--in real time--millions of SMS messages between VoxOx customers and others. Those SMS messages included password reset links, two factor authentication codes, and other data, including one-time codes from Los Angeles companies lik (More info...)

posted on Friday, November 16, 2018(Full story)

HyperX Gets Naming Rights On New Las Vegas Esports Arena
Fountain Valley-based computer gaming products maker HyperX, which is a division of Kingston Technology, said it has partnered with global e-sports entertainment firm Allied Esports, to obtain the naming rights for a new, e-sports areana based in Las Vegas at the Luxur Hotel & Casino. According to HyperX, the new arena will be called the HyperX Esports Arena Las Vegas, in an exclusive, multiyear naming rights partnership. Financial details of the deal were not announced. HyperX said the partners (More info...)

posted on Friday, November 16, 2018(Full story)

Teledyne Microwave Solutions Wins $7.5M Contract
Rancho Cordova-based Teledyne Microwave Solutions, one of the business units of Teledyne Defense Electronics Group and Teledyne Technologies, has received a $7.5M contract from the U.S. Navy, the company said Thursday. Teledyne Microwave Solutions said the $7,509,891 sole source contract came from the Naval Supply Systems Command Weapon Systems Support (NAVSUP) in Philadelphia, PA. The contract covers both repair and support of a system used in the EA-18G "Growler" aircraft.

posted on Friday, November 16, 2018(Full story)

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