Friday, April 12, 2019
| Square 1 Bank - Brian Weber 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 www.square1bank.com, or send an email to Brian Weber at bweber@square1bank.com. |
SpaceX Seeking $510M In New Funding
Hawthorne-based SpaceX is looking to raise another $510M in funding--the second time the firm has gone out for funding this year--according to a regulatory filing from the firm. The funding will bring SpaceX's total raised to more than $2.75 billion, and reportedly values the rocket firm at over $30 billion. The new funding came to light after another, successful launch for the company--the first, commercial flight of a Falcon Heavy rocket on Thursday.
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Bird Plans Massive European Expansion
Santa Monica-based, last-mile, scooter rental service Bird said on Friday that it plans a massive, European expansion this summer, with plans to launch the service in more than 50 European cities. According to Bird, the move will expand its European fleet more than ten-fold. Bird said that, as part of the expansion in Europe, it will also roll out a new electric scooter, the "Bird Zero", which it says is designed and engineered specifically for the e-scooter sharing industry. Bird says the new " (More info...)
posted on Friday, April 12, 2019(Full story)
XPRIZE Gives $1M Award To Israeli Moon Landing Team
Los Angeles-based XPRIZE, which organizes prize competitions to inspire people to advance technology to help change the world, said last night that it has awarded a $1M "Moonshot Award" to SpaceIL, the Israeli team which attempted a moon landing on Thursday. XPRIZE said it decided to recognize the successful lunar orbit and (not-so-successful) landing attempt for its contribution to private space exploration. SpaceIL was inspired to launch its lunar lander to the moon, based on the Google Lunar (More info...)
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Mavenlink Finds $48M More
Irvine-based Mavenlink, a startup which develops business process management software and related tools for services businesses, has raised $48M more, in a Series E funding round. The funding came from Carrick Capital Partners and Goldman Sachs Growth Equity. Mavenlink's round brings the Orange County's total funding to more than $111.5M. The company last raised a funding round back in 2016, which also was led by Goldman Sachs. Mavenlink's tools are used for resource management, project manageme (More info...)
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QAD Deploys With European Luxury Goods Maker
Santa Barbara-based supply chain planning software developer QAD has deployed its software with European luxury goods maker Maroquinerie Thomas, the company said on Thursday. According to QAD, Maroquinerie Thomas is using its QAD DynaSys Cloud Production Planning, Procurement Planning and Advanced Analytics tools. Financial details of the customer win were not announced. Maroquinerie Thomas is a maker of leather goods, and has 1500 employees.
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SmartDrive Wins Large Trucking Firm
San Diego-based video-based transportation safety systems developer SmartDrive Systems has scored a win with a large trucking firm, Atlas Trucking, for that company's entire fleet, SmartDrive said this week. Financial details of the win were not announced. SmartDrive Systems said that Atlas rolled out its platform without even conducting a pilot deployment, just based on recommendations from other fleets. Atlas specifically cited two incidents, shortly after rollout, where video from SmartDrive' (More info...)
posted on Friday, April 12, 2019(Full story)
Semtech Gets Design Win With Aerospace Manufacturer
Camarillo-based semiconductor developer Semtech has chalked up another design win for its LoRa wireless radio frequency technology, saying that its technology has been selected by an aerospace manufacturer, Ineo-Sense, for it smart asset tracking tools. Semtech said its wireless technology is being used in Ineo-Sense's "Clover-Core" sensor products, used for asset tracking in manufacturing settings. Shipment volumes and other details on the win were not announced. Semtech's low power wireless te (More info...)
posted on Friday, April 12, 2019(Full story)
| Recurring Revenue Conference - April 30 to May 1st - Marina Del Rey Welcome to the 5th annual Recurring Revenue Conference: Scaling SaaS & Subscription Businesses presented by Sutton Capital Partners. Join 700+ entrepreneurs, executives and leading investors to discuss the Subscription Economy. Hear from companies including Zenefits, Mavenlink, Dollar Shave Club, ipsy, Sage Intacct, ProfitWell, Headspace, Winc and many more. Attend the pre-conference workshop on April 30, 1-5pm followed by Happy Hour. Real tactics and actionable takeaways. Interested in Sponsorship or exhibiting? Contact: Nancy Hammerman nh@suttoncapitalpartners.com Register today! Use Promo Code: SoCalTECH to get 20% discount. Tickets and info: bit.ly/2TXSCqc https://www.recurringrevenueconference.com/ |
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| BDO - Southern California Technology Industry Team BDO USA, LLP is a professional services firm providing assurance, tax, and advisory services to publicly traded and privately held companies through more than 60 offices domestically and 160 countries globally. Our Southern California technology industry team professionals have deep experience helping online, software, hardware, and cleantech businesses in the local ecosystem to navigate the many issues affecting their businesses and to help them meet their larger strategic goals. Our team provides a wide range of guidance in the key issues effecting technology companies including, M&A advisory, initial public offerings, tax planning and consulting, intellectual property agreements, financial reporting and regulatory compliance matters. For more information, please contact our LA Technology leaders Anthony Ferguson, Tim Clackett, and Kris Kaufmann at LATech@bdo.com. http://www.bdo.com |
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