Los Angeles Business Journal


Recent and archived news stories on: Alternative Energy, Automotive, Computing, Engineering, Internet, Nanotech, Software, Telecom, Wireless...
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L.A. Launch List: Oct. 31

The Los Angeles Business Journal brings you a weekly roundup of L.A. launches. On this week's Launch List: 3rd Quote, Soteria Intelligence, Wallaby Financial and more.

On.com Socializes Your Selfie

Oxford Dictionaries declared “selfie” as the word of 2013. That kind of verbal takeover helped prompt the creation of social network On.com, whose simple web and mobile platform is entirely based on, well, selfies.

UBeam Ropes in $10 Million

UBeam, a Santa Monica wireless power company, has raised $10 million in a Series A round led by Upfront Ventures.

Whisper CEO Talks Guardian Report

Whisper Chief Executive Michael Heyward said he would fire the employee who allegedly told reporters that the anonymously posting app would track a user for life.

TrueCar: Truck Sales a Good Sign for GOP

John Krafcik, president of Santa Monica car buying and selling platform TrueCar Inc., says there’s a strong correlation between states that vote Republican and high truck sales. Based on this, TrueCar is predicting that Republicans will come out ahead in next week’s midterm election.

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P.S. XO and Seedling Merge, Raise $7 Million

P.S. XO, a party planning e-commerce company co-founded by actress Soleil Moon Frye, has merged with toy and craft brand Seedling. The combined entity, which will continue under the Seedling brand, is also announcing $7 million in funding.

ScoreBig Scores, Well, Big With $18 Million

ScoreBig.com, an online marketplace that finds discounted live event tickets, has raised $18 million in Series D funding.

Edmunds.com Acquires CarCode

Edmunds.com has acquired mobile messaging startup CarCode as the veteran car shopping site looks to invest heavily in mobile. Terms of the deal were not disclosed.

Tinder to Give Benchmark Equity Stake

Tinder has announced that San Francisco VC firm Benchmark has taken an equity stake in the dating app and General Partner Matt Cohler will become a director.

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DogVacay Barks Out New Growth Numbers

DogVacay might give pet owners a needed break, but the Santa Monica startup, which places pets in temporary vacation homes, has no plans of slowing down.

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SolarReserve Buys Aerojet Rocketdyne Division

SolarReserve, a solar power tech developer, has acquired a division of Canoga Park aerospace and defense firm Aerojet Rocketdyne as it continues to commercialize solar thermal energy storage.

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Fashion Video Site Could Be Good Fit for Pickup

INTERNET: StyleHaul’s niche could make it next target for big-media acquisition.

Analysts see fashion-focused video site StyleHaul as well-suited for acquisition by a big-media parent.

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L.A. Launch List: Oct. 24

The Los Angeles Business Journal brings you a weekly roundup of L.A. launches. On this week's Launch List: YP, Nestdrop, MediaHound and more.

Enrou Wins Forbes Under 30 Competition

In just two weeks, Enrou went from scrappy startup to winner of Forbes’ “$400,000 Pressure Cooker” pitch competition held this week during its Forbes Under 30 Summit.

U.S. Senator Requests Whisper Briefing

The Senate commerce committee has asked Whisper to address a report that said the social media app, which promises user anonymity, tracked its users including those who opted out of its geolocation tool.