Monday, April 15, 2019
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Rael Rolls Out At Target
Los Angeles-based Rael, a venture-backed startup which provides natural and organic feminine care products, says its products are now on the shelf at Target. According to Rael, its products--which include cotton pads, pantyliners, and feminine wash--will be available both at Target's 1,850 physical stores, as well as online. Rael is backed by $17.5M in funding from such investors as SoftBank Ventures Korea and Thrive Market Ventures. The company's co-founders, all women, are Aness An, Yanghee Pa (More info...)

posted on Monday, April 15, 2019(Full story)


SpaceX Falcon Heavy Core Lost To Heavy Seas
The core of the Falcon Heavy rocket--which was successfully landed on a drone ship last week, in the first commercial Falcon Heavy launch by Hawthorne, California-based SpaceX, has been lost in the Atlantic, according to SpaceX. Apparently, the Falcon Heavy's center core was lost due to eight to ten foot swells in the oceans off Cape Canaveral. SpaceX had landed the center core at sea, and two booster rockets on land in its launch of the Arabsat-6A high capacity telecommunications satellite.

posted on Monday, April 15, 2019(Full story)


Hulu Buys Back Stake From AT&T
Los Angeles-based streaming television service Hulu and AT&T said on Monday that Hulu has acquired AT&T's 9.5 percent stake in the company, worth $1.43 billion. AT&T and Hulu said the deal values Hulu at $15 billion. Hulu did not say what the source of financing was for the deal. AT&T had been a shareholder in Hulu for the past two years as a minority share owner, via its acquisition of Time Warner. The announcement of the deal between Hulu and AT&T were not a surprise; AT&T has reportedly been (More info...)

posted on Monday, April 15, 2019(Full story)


Report: Clearlake Capital Seeks To Sell Perforce
Santa Monica-based private equity investor Clearlake Capital is hoping to sell one of its portfolio companies, Perforce Software, for around $2 billion, according to a report from Bloomberg over the weekend. Perforce has been owned by Clearlake Capital since January of 2018. Perforce is a developer of source control software, which is used by software engineering teams to manage software source code and software releases. Clearlake Capital had acquired Perforce from another, private equity inve (More info...)

posted on Monday, April 15, 2019(Full story)


Interview with Wheels, Josh Viner and Marco McCottry

Is there room in the last-mile transportation industry for another player, and what are some of the issues that need to be solved to make industry a success? San Diego-based Wheels (www.takewheels.com) was co-founded by Jon and Josh Viner, who were the co-founders of Wag, where they raised nearly $400M in venture capital. We caught up with Josh Viner, who serves as CEO, and Marco McCottry, the company's COO, who most recently ran North American operations at Bird, and also managed Uber's midwe (More info...)


posted on Monday, April 15, 2019(Full story)


Stratolaunch Takes To Skies For Maiden Flight
Mojave-based Stratolaunch Systems Corporation, the developer of space launch systems which were founded by now deceased Microsoft co-founder Paul G. Allen, has successfully launched the world's largest plane--the Stratolaunch--in its maiden flight, the first step of getting its mid-air rocket launch system into operation. Stratolaunch took off on Saturday, April 13th, at 6:58am from the Mojave Air & Space Port, and successfully reached altitudes of up to 17,000 feet and speeds of up to 189 miles (More info...)

posted on Monday, April 15, 2019(Full story)


CalAmp Acquires Synovia Solutions For $50M
Irvine-based CalAmp, a provider of fleet tracking services, announced this morning that it has acquired Synovia Solutions, a company that operates in the fleet safety and management business for the K-12 school bus and state and local government fleet market, in a move to boost its software-as-a-service revenue. According to CalAmp, it paid approximately $50M in cash for Synovia Solutions, which it says will help it "accelerate" its pivot to the subscription services business, and away from its (More info...)

posted on Monday, April 15, 2019(Full story)


Clubspeed Acquired By Private Equity Investor Nadavon
Corona, California-based Clubspeed, which develops software used to manage go karting tracks, race tracks, trampoline parks, and family entertainment centers, has been acquired by private equity investor Nadavon Capital Partners, the two said over the weekend. Financial terms of the deal were not announced. According to the two, Nadavon Capital Partners acquires a majority stake in Clubspeed, and has appointed Nadavon CEO Rmir Bosu as the CEO of Clubspeed. Nadavon is based in Newport Beach. Acco (More info...)

posted on Monday, April 15, 2019(Full story)


Corent Wins MapR Technologies
Aliso Viejo-based Corent Technologies, which develops cloud migration software, and AI and data analytics software developer MapR Technologies said this morning that MapR Technologies has selected Corent's SurPaaS platform to help customers access MapR's Data Platform for AI. Financial details of the deal were not announced. MapR said the use of Corent's software will allow it to better monitor, analyze, and serve its customers, enabling subscription based, flexible, or dynamic pricing models to (More info...)

posted on Monday, April 15, 2019(Full story)


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