News

Spark Networks Acquires Zoosk For $255M
March 21, 2019
Spark Networks, the online dating company which was started in West Los Angeles, and now has operations globally, said on Thursday that it has agreed to acquire dating site Zoosk. Spark said it will pay $255M in a combination of cash and stock for Zo …

IPOs Slow In Q1, But SoCal Sees Some Activity
March 21, 2019
A new report, issued this week by EY, says that the number of IPOs have dropped across both international markets and the US. The report–which examined IPOs in Q1–said that ongoing geopolitical uncertainties and trade issues continue to dampen inve …

Bitmo Finds $3M For Mobile Gifting App
March 21, 2019
San Diego-based Bitmo, a startup developing a mobile gifting and payment app, has raised $3M in a seed funding round, the company said on Thursday afternoon. The startup said funding in the round came from Everplus Capital, Longboard Capital Advisors …

Semtech Powers New Radio IC For Hearing Aids
March 21, 2019
Camarillo-based semiconductor developer Semtech and hearing aid manufacturer Sonova announced this morning that the two have teamed up to create brand new, advanced radio systems which will power a new generation of hearing aids from Sonova. Accordin …

Newegg In Sponsorship Deal For HyperX Esports Arena Las Vegas
March 21, 2019
Los Angeles-based online technology products retailer Newegg has inked a long term marketing agreement with e-sports entertainment company Allied Esports, and will become the "official e-commerce partner" at the HyperX Esports Arena Las Veg …

HyperX Signs Brazilian Soccer Player In Endorsement Deal
March 21, 2019
Fountain Valley-based gaming products maker HyperX, which is part of Kingston Technology, says it has signed up its very first Brazilian "gaming ambassador", soccer player Casemiro. Casemiro plays for Real Madrid and the Brazil national tea …

Report: Faraday Future Sells HQ To Keep Afloat
March 20, 2019
Los Angeles-based electric car maker Faraday Future, in a bid to stay afloat, has sold off its headquarters to a real estate investor, according to a report on Wednesday. The report says Faraday Future is leasing back the headquarters, which it sold …

Snapchat's Age Verification Under Fire In The UK
March 20, 2019
Venice, California-based Snapchat, the social networking service that is part of Snap, Inc., is under fire in the UK, after the company admitted that its age-verification system "doesn't work" to UK lawmakers. The company–which basica …

PeerStreet Launches New Loan Product
March 20, 2019
Los Angeles-based online real estate investment marketplace PeerStreet–which is backed by Andreessen Horowitz–is expanding the scope of its marketplace with a new loan product, which will offer up loans for purchases of residential rental propertie …

Boost.ai, Backed By $5M, Opens HQ In Santa Monica
March 20, 2019
Boost.ai, a European startup which is developing conversational artificial intelligence (AI) software for banks, financial institutions, and other enterprises, said this morning that it has set up shop in Santa Monica, setting up its North American h …