Los Angeles Business Journal


Recent and archived news stories on: Alternative Energy, Automotive, Computing, Engineering, Internet, Nanotech, Software, Telecom, Wireless...

Silicon Beach Launch List: May 27

A weekly roundup of L.A. tech company and product launches.

Universal Music Acquires Digital Marketer Fame House

In a push to further diversify its business, Universal Music Group has acquired Fame House, a digital-marketing agency with musician clients such as Eminem and Pearl Jam. Terms of the deal were not disclosed.

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SpaceX Scheduled to Nearly Triple Launches This Year

Space Exploration Technologies Corp.has officially scheduled 17 launches for 2016, nearly tripling the company's six rocket launches last year, Spaceflight Now reports.

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Snapchat Raises $1.2B, Aims at Explosive Growth

Snapchat has raised a $1.2 billion round of capital, according to a filing with the Securities and Exchange Commission. The valuation of the Venice company was not disclosed.

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Victorious Raises $25 Million to Develop Apps for Super Fans

Santa Monica-based app creating company Victorious has raised $25 million to expand its services internationally and improve its app development capabilities.

March Capital Closes $240 Million Fund

Venture capital firm March Capital Partners of Santa Monica closed a $240 million fund on Tuesday to back dozens of technology start-ups worldwide.

Kelly Slater Wave Co. Sells Majority Stake to the World Surfing League

Santa Monica-based artificial wave-making company Kelly Slater Wave Co. has agreed to sell a majority stake to the World Surf League. Terms of the deal were not disclosed.

L.A. Tech Calendar: May 23 - June 5

Roundup of L.A. tech events in the next two weeks.

HelloTech Merges with Rival Geekatoo

In a move that greatly expands its service area, in-home tech-support company HelloTech has merged with rival Geekatoo of San Francisco. Terms of the deal were not disclosed.

Bad Buzz Hits Charging Firm uBeam Inc

New criticism of its wireless-charging system could hurt uBeam’s connection with investors.

Silicon Beach Deal Flow: May 20

A weekly roundup of must-read L.A. tech investments and acquisitions.

Silicon Beach Launch List: May 20

A weekly roundup of L.A. tech company and product launches including StartEngine, Rubicon, OpenX and Esri.

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Imax Launching Virtual Reality Arcades and Camera

Imax Corp. has announced it will launch six virtual reality arcades in locations such as multiplexes and malls.

Canary Health Buys Mental Health Program bLife

West L.A.-based Canary Health, a developer of patient health-management software, has acquired mental health program bLife in an all stock deal. Terms were not disclosed.

Snapchat Could Launch Facebook-like Newsfeed

Photo-messaging app Snapchat is reportedly preparing to launch a Facebook-like newsfeed.