TOP NEWS

Pocketwatch Picks Up $6M For Kids Media Brand

Culver City-based Pocketwatch, a startup media brand focused on creating and acquiring content for kids, has raised $6M in a Series A funding round. The funding was led by Third Wave Digital, and also included Les Moonves (CBS ), Jon Landau (Avatar & Titanic), United Talent Agency (UTA), Robert Downey Jr. (Downey Ventures) and Chris Jacquemin (WME). Pocketwatch says that it creates, acquires, distributes and curates content for kids age 2-11. Chris M....Continue →


Cubic Wins $20M Navy Contract

San Diego-based Cubic Corporation reported on Wednesday that one of its divisions, Cubic Mission Solutions (CMS), has scored a contract worth more than $20M from the U.S. Navy. Cubic said the award goes towards the delivery of a portable common data link system for the U.S. Navy's Space and Naval Warfare Systems Command (SPAWAR). SPAWAR is based in San Diego. Those data systems are used in the Navy's P-3C, P-8A aircraft and the MQ-4C Triton aircraft.Continue →


Lightpost Digital Lands New Funding For Online Marketing Services

San Diego-based Lightpost Digital, a digital agency which provides online marketing services to local businesses, has raised a round of funding, the company disclosed this week. The funding came from Canal Partners and DWP Investments. The company is a spinout of Deal Current, and was founded in 2015. The company focuses on website development, SEO, Facebook ads, and review monitoring.Continue →


Purple Squirrel Raises $2.7M To Help You Network Your Way Into A Job

Venice, California-based Purple Squirrel, a new startup focused on helping people network with employees of existing companies in order to get an inside track on jobs, has raised $2.7M in a seed funding. The funding was led by CrossCut Ventures, and also included Greycroft, Arena Ventures, Luma Launch and 500 Startups. The startup is led by Jon Silber....Continue →


Green Commuter Launches Tesla Model X Vanpool Service

Los Angeles-based Green Commuter said on Tuesday that it has begun its vanpool operation in Los Angeles, using Tesla's Model-X 7 passenger SUVs. According to Green Commuter, it has begun leasing its fleet of Tesla Model X electric vehicles to vannpoolers, with a single vanpool between Palmdale and Valencia, and 86-mile round trip daily commute....Continue →


Edlio Acquires Sangha, Raises $40M

Los Angeles-based educational content management software developer Edlio said late Tuesday that it has acquired Sangha, the developer of a personalized, mobile parent interaction app. Financial terms of the acquisition were not announced, however, Edlio said the acquisition and integeration of Sangha was being funded by a $40M investment from private equity investor L Squared....Continue →


Microsemi Shutters Chinese Factory

Aliso Viejo-based semiconductor developer Microsemi said on Tuesday that it has closed its manufacturing facility in China. According to the company, the "lower value" discrete devices which were manufactured at the facility are "not aligned" with its strategic direction. Microsemi did not detail which devices in its lineup were being manufactured at the plant, but said that its customers have been notified and the process of closure is under way....Continue →


Beautycon Media Gets $9M In Series A

Los Angeles-based conference and digital media events operator Beautycon Media, which operates conference and events focused on fashion and beauty, has raised $9M in a Series A funding round. The funding came from A+E Networks, Live Nation, and Main Street Advisors....Continue →


Naritiv's Snapchat Analytics Software Acquired By Hootsuite (Update)

The Snapchat analytics software developed by Los Angeles-based Naritiv, a startup producing online content for brands, has been acquired by social media management firm Hootsuite. The announcement was made on Tuesday. Financial terms of the acquisition were not announced. Hootsuite said that members of the Naritiv product team will join Hootsuite as part of a new Los Angeles office....Continue →


Rocket Lab Receives $75M, Joins Unicorn Club

Huntington Beach-based RocketLab, which is developing rocket technology specifically aimed at launching satellites into space, has raised $75M in a Series D funding, which it says values the company in excess of $1 billion. The funding was led by Data Collective, and also included Promus Ventures, Bessmer Venture Partners, Khosla Ventures, K1W1, and another un-named investor. The company says it has now raised $148M in total....Continue →


Zadara Storage Expands Support To AWS Beijing

Irvine-based enterprise storage services provider Zadara Storage said today that it has expanded its support for Amazon Web Services storage regions, to AWS Beijing. Zadara said the expansion comes in a partnership with Futong, which will make Zadara's VPSA Storage Array at the Sinnet Technology Co., Ltd, data center. Zadara said the region is its sixth AWS region internationally....Continue →


Hyperloop Transportation Technologies Starts Passenger Capsule Development

Los Angeles-based Hyperloop Transportation Technologies (HTT), one of three companies working on the Hyperloop concept in Los Angeles, announced this morning that it is beginning development of a full-scale, passenger capsule for its Hyperloop systems. HTT said the capsule is being developed at its R&D center in France. The capsule will be developed in conjunction with technology partner Carbures S.A., which focuses on the aeronautics and aerospace market....Continue →



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