Tuesday, June 4, 2019
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Tinder Opens Up On Sexual Orientation
Los Angeles-based dating application developer Tinder is making it easier for its users to express their sexual orientation on the service, saying on Tuesday that it has added a new "Orientation" option on its profiles. Tinder said the new feature will let users "select up to three terms" to describe their sexual orientation. In addition, the new features allows users to change how potential matches are ordered on the service, based on sexual orientation. Tinder said the new feature will roll ou (More info...)
posted on Tuesday, June 4, 2019(Full story)
Carbon Lighthouse Collects $32.6M For Energy Efficiency Efforts
Carbon Lighthouse, a provider of energy efficiency services and developer of energy efficiency technology which recently opened up a Los Angeles office, has raised $32.6M in a funding, the company said on Tuesday. According to Carbon Lighthouse, $20M of that funding came from Cox Enterprises. Carbon Lighthouse says that it helps commercial building owners significantly reduce their energy costs and environmental footprint with no upfront cost. Cox Enterprises said the deal comes as part of its s (More info...)
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Bird Launches New Electric Bike, The Bird Cruiser
It's a bird, it's a plane... no, it's an electric bike. Santa Monica-based Bird said on Tuesday that it is introducing a new product, the Bird Cruiser, an electric bicycle with a "cushioned seat for two". According to Bird, the new electric vehicle has 20-inch wheels and a full suspension, and will join the company's fleet of shared vehicles this summer. Bird did not say exactly when it will roll out the new electric vehicle, which comes on top of the company's existing scooters. The addition o (More info...)
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Inhibrx Files For IPO
La Jolla-based biopharmaceuticals startup Inhibrx has just filed for an IPO, saying in an S-1 filing that it is looking to raise up to $74.75M in an IPO on the Nasdaq Global Market. Inhibrx has applied to trade as INBX. The IPO is being underwritten by Evercore ISI, Barclays, Nomura, and Raymond James. Inhibrx is backed by LAV Biosciences Fund and Viking Global Investors. The company reported a net loss of $31.02M in 2018 on revenues of $8.5M; the company's current revenue stream includes both l (More info...)
posted on Tuesday, June 4, 2019(Full story)
Moleaer Finds $5M For Wastewater Treatment, Industrial Nanobubble Technology
Los Angeles-based Moleaer, a developer of equipment used in watewater treatment, farming, oil and mining, and other industrial processes, has raised $5M in a funding round, according to the company. The company develops industrial-scale nanobubble generators, which are used to dissolve gases into any liquid. Those bubbles are used in dissolving oxygen in hydropoics and horticulture and aquaculture; for algae control and odor control in wastewater treatment; for assistance in separating oil from (More info...)
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FTD Files Chapter 11: Long, Complex Path Through SoCal's Tech Industry
In long, complicated path that wound through Southern California's high tech industry, flower delivery network operator FTD has filed for Chapter 11 bankruptcy. FTD also agreed to sell both its North American and Latin American businesses to private equity investor Nexus Capital Management, in a move that includes San Diego-based Proflowers. FTD was spun out from Woodland Hills-based United Online back in November of 2013, after a complex relationship with United Online--better known for runnin (More info...)
posted on Tuesday, June 4, 2019(Full story)
Angeles Equity Partners Buys APCT
Los Angeles-based private equity investor Angeles Equity Partners announced this morning that it has acquired printed circuit board (PCB) manufacturer APCT, Inc.. Financial details of the acquisition were not announced by the companies. APCT is a manufacturer of quick-turn printed circuit board (PCB) prototypes. According to the two companies, the investment in APCT will go towards accelerating profitable growth at APCT, including for "bolt-on" acquisitions and expanding global production capabi (More info...)
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Glad I Know Searches People Search Service
Manhattan Beach-based Glad I Know said this morning that it has launched a new, person search platform, which provides consumers with access to what it says is a comprehensive database of information available on any person in the U.S. According to Glad I Know, it offers up access to hundreds of millions of records on nearly any adult in the United States. The new company was founded by founder and CEO Jeff Briggs. The company offers up its information for $9.99 or less, and returns results from (More info...)
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Petco Names Digital, E-Commerce Head
San Diego-based pet supply retailer Petco has named Darren MacDonald as the company's new Chief Digital and Innovation Officer, according to the company, to head up its e-commerce, app, prescription fulfillment, as well as employer wellness benefits offerings. MacDonald was most recently at Walmart, managing that company's e-commerce entertainment business; he also was founder and CEO of Ingress Capital Incorporation, an online private placement marketplace; and also served as CEO of the Pronto (More info...)
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AcceleratXR Launches Networking Engine For Video Game Market
Los Angeles-based AcceleratXR announced on Monday that it has launched itself into the videogaming software development tools market, with a new, real-time networking engine.b According to AcceleratXR, it has created a new, real-time networking engine for games and extended reality applications. AcceleratXR said its new software is inspired by the WebRTC protocol, and uses WebSockets in combination with SCTP, to replace the current, limited performance and lag that the current technique of using (More info...)
posted on Tuesday, June 4, 2019(Full story)
AirMap Adds Former FCC Chair Tom Wheeler To Board
Santa Monica-based AirMap, the startup developing aerial traffic mapping and UV management platforms, has added former Federal Communications Commission (FCC) Chairman Tom Wheeler to its board of directors, the company announced on Monday. Wheeler led the FCC from 2013 to 2017, after being appointed FCC CHairman by President Barack Obama. Prior to the FCC, Wheeler served as President of the National Cable & Telecommunications Association and CEO of the Cellular Telecommunications & Internet Asso (More info...)
posted on Tuesday, June 4, 2019(Full story)
Cypress Creek Renewables Names New CEO, Executive Team
Cypress Creek Renewables, a renewable energy developer which builds and operates solar facilities--and which has an office in Santa Monica--said it has named a new CEO and executive team on Monday. The company said it named Sarah Slusser as Chief Executive Officer and director of its board, Rebecca (Becky) Cranna as interim chief operating officer and Kim Oster as interim chief strategy officer. the company also named Ned Hall as Chairman of the board. Slusser is a Partner at Point Reyes Energy (More info...)
posted on Tuesday, June 4, 2019(Full story)
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