News

Amplify.LA: LA Sees Landmark Year In 2017
February 16, 2018
Venice, California-based early stage, pre-seed investment fund and accelerator Amplify.LA has released its latest report on the state of the Los Angeles technology scene, saying that the city had a "landmark year". The accelerator and inves …

SpaceX Delays PAZ Satellite Launch To Sunday
February 16, 2018
Hawthorne-based SpaceX has delayed its launch of the Spanish PAZ satellite–as well as the first two prototypes of its microsatellites for global Internet access–until Sunday, February 18th, SpaceX said late Thursday evening. According to SpaceX, it …

NGD Systems Raises $12.4M For Solid State Storage
February 16, 2018
Irvine-based NGD Systems, a developer of solid state disk (SSD) controllers, has raised $12.4M in a Series B funding round, the company said this week. The funding was led by Partech Ventures, and also included Orange Digital Ventures, Alcor Micro an …

Teledyne Wins $45.7M Military Contract
February 16, 2018
Thousand Oaks-based Teledyne Technologies Incorporated announced this morning that it has been awarded a $45.7M missile defense contract, by the U.S. Army Space and Missile Defense Command (SMDC). Teledyne said the award went to its subsidiary, Teled …

BlackLine Snags NetSuite Exec As COO
February 15, 2018
Los Angeles-based accounting software developer BlackLine said on Thursday that it has named Marc Huffman as its new Chief Operating Officer. Huffman had previously served as President of Worldwide Sales and Distribution at NetSuite, and also had ser …

Workast Finds $1.85M For Task Tracking Tools For Slack
February 15, 2018
Santa Monica-based Workast, a developer of applications that run on the popular Slack chat platform, has raised $1.85M in a seed funding, the company disclosed this week. The funding was led by Greycroft Partners, and also included Spider Capital, Mu …

Next SpaceX Falcon 9 Launch, Saturday, Should Be Visible Across SoCal
February 15, 2018
Anyone who someone managed to completely miss the last SpaceX launch in Southern California–the UFO-report-spurring, traffic-stopping launch of a set of satellites in December–might want to get up a little early on Saturday morning, and look to the …

BMS Practice Solutions Acquired By WebPT
February 15, 2018
Upland, California-based BMS Practice Solutions, a provider of revenue cycle management services for the physical therapy market, has been acquired by software developer WebPT, the two said today. Financial details of the acquisition were no announce …

Hyperloop Transportation Technologies Eyes Connecting Cleveland, Chicago
February 15, 2018
Playa Vista-based Hyperloop Transportation Technologies (HTT), the Hyperloop technology developer co-founded by Dirk Ahlborn and Bibop Gresta, said on Thursday that it has signed a study deal to look at routes to connect Cleveland and Chicago with it …

Billionaire Investor Peter Thiel Packs Up From Silicon Valley, Moves To LA
February 15, 2018
Peter Thiel, the highly visible, and controversial, billionaire investor and venture capitalist who co-founded PayPal, is moving to Los Angeles, according to a report from the WSJ this morning. According to the report, Thiel is moving both his home a …