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The latest startup news from Orange County California
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Los Angeles-based data center operator ServerFarm reported on Monday that the company has signed a partnership to provide its data center management services to a global car manufacturer. Financial details, and name of that customer, were not announced. ServerFarm said “one of the world’s most recognizable automotive brands” is now using its data center services. ServerFarm is led by founder and CEO Avner Papouchado.
Sourced from SoCal Tech
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Fullerton, CA, January 10, 2020
Startups, business leaders, investors, bankers and advisers will gather to share stories about new venture creation in an inaugural event to be held at Cal State Fullerton on Saturday, February 29, 2020. This event is a collaboration between UCI Beall Applied Innovation, Cal State Fullerton Center for Entrepreneurship and Concordia University School of Business and Economics.
The event will celebrate our diverse Orange County region and the innovations which have come before and are coming next.
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A global e-sports entertainment company, with HQ in Irvine, announced that Brookfield Property Partners will become a shareholder, via a $5 million equity investment. Allied Esports Entertainment made the announcement in a January 14 press release. As a result of […]
The post INNOVATION: Allied Esports Entertainment Announces $5 Million Investment by A Real Estate Operator appeared first on OC Startups Now.
Sourced from OC Startups Now
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A startup developing lithium-ion batteries for electric vehicles announced its fourth-gen tech. Enevate said that its new XFC-Energy tech achieves charging in five minutes to 75% capacity, compared to today’s conventional large-format Li-ion EV cells, which typically take over an […]
The post NEWS: Enevate Reveals Fourth-Gen Tech for Electric Vehicles appeared first on OC Startups Now.
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A startup that’s developing a kinetic launch system has raised $35 million. SpinLaunch, with HQ in Long Beach, announced the news in a January 16 press release. The company said its designing “the lowest-cost, environmentally- responsible orbital launch system,” which […]
The post NEWS: Space Startup Raises $35 Million. SpinLaunch Says Will Use Funds on Hiring and Building Out Long Beach HQ…… appeared first on OC Startups Now.
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A startup — which created a portable synthesizer, looper, and MIDI controller that fits in the palm of your hand — raised more than $1.4 million on Kickstarter and is showcasing its product at the annual NAMM (National Association of […]
The post NEWS: Smart Device for Musicians Being Showcased at Annual Music Trade Show Event, Through Sunday in Anaheim appeared first on OC Startups Now.
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On Sunday January 19th (9pm) 1 Million Cups alumni will be on an episode of Shark Tank! Founded by Alex Bayer, Genius Juice (geniusjuice.com) makes premium coconut smoothies in three unique flavors. Genius has pitched at 1 Million Cups several times, and used the experience to hone the business and pitch, as well as gain audience feedback on branding improvements.
In conjunction with the episode, the company launched a crowdfunding campaign on Wefunder (https://wefunder.com/genius) where anyone can invest in the company and receive equity for as little as $100.
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Los Angeles-based Califia Farms, which makes oat milk; probiotic, plant-based yogurt; almond milk; and other plant-based beverages, said on Wednesday that it has raised $225M more in a funding round. The Series D funding for the company was led by Qatar Investment Authority, and also included Temasek, Claridge, Green Monday Ventures, plus an un-named family office from Latin America from the coffee and consumer products industry. Califia Farms is led by founder and CEO Greg Steltenpohl.
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Jan. 15, 2020 – For the fifth time in six years, the Samueli School’s annual Dean’s Report magazine has won an award for its high quality. The 2019 Dean’s Report, PERSPECTIVES, published last fall, won the 2020 CASE District VII Gold Award of Excellence in the Special Constituency and Annual Magazines category.
The competition received nearly 550 submissions this year, and the CASE Awards judging committee singled out PERSPECTIVES. “Your excellent work stood out among the best,” wrote the judges in an email.
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With 2019 closed, there were many startups that thrived and boomed for the year. Many of these got robust venture funding in areas like the U.S. and other regions. Among the sectors that gained much for the year include real estate, insurance, and automation.
However, there are also a number of venture sectors that did not go well this year. These categories suffered from each year showing declines. As 2020 marches on, here is a look of the startup sectors that did not fare well in 2019.
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2019 stands out as a rather interesting year. With drastic ups and downs for various companies and startups and unicorns. It also stands out as a historic year as more female-founded unicorns came to being.
Back in 2018, there were about 12 unicorns born that had at least one female founder. When compared to early 2019, the number increased with 10 female-founded unicorns born.
This makes for an interesting scenario. These companies managed to raise a post-money valuation of $1 billion before the year ended.
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Jan. 13, 2020 – Biomedical engineering Associate Professor Elliot Hui has won a four-year $1.1 million grant from the National Institutes of Health to develop a system that can perform extreme high-throughput screening for drug development. By utilizing parallel nanoliter droplet dispenser arrays, the approach can vastly increase the number of compounds that can be tested simultaneously and will cost significantly less than current screening systems.
The grant is funded through the NIH’s National Institute of General Medical Sciences.
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Santa Barbara-based InTouch Health, which provides telehealth services and robotic, healthcare products, has been acquired by Teladoc Health, for $600M in a combination of cash and stock, the companies said over the weekend. According to the two, the deal is includes approximately $150M in cash and $450M of Teladoc Health common stock. InTouch Health was backed by Beringea, Galen Partners, InvestCare Partners, InvestMichigan, Acacia Venture Partners, Twenty One East Victoria, and iRobot, among others.
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Venice, California-based venture investor Fifth Wall Ventures, which invests in real estate technology, has raised nearly $3.5M in a Special Purpose Vehicle (SPV)–like as part of an investment in another company–according to a regulatory filing from the firm this morning. Fifth Wall Ventures SPV XIX, L.P., is one of a large set of SPVs the firm has created for various investments. Accoridng to the filing, the firm raised $3,459,250 from 8 inestors in the SPV.
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Motorcycle riding is a combination of exhilaration, fear, relaxation, and pleasure that changes you forever. It’s physical & emotional pleasure, with a layer of anxiety & adrenaline.
The sense of freedom feels complete on two wheels, and riding doesn’t transport you to a destination; it is the destination.
Motorcyclists often feel like they belong to a big community, and that sensation gives them something in common; a shared bond that sets them apart from the rest of the motoring world.
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The number of self-employed Americans is projected to hit 42 million in 2020 with freelance and contract workers making up 43% of the U.S. workforce, according to FreshBooks.
The Toronto-based accounting and software firm’s 2018 Self-Employment Report found 27 million U.S. workers were potentially poised to leave traditional work in favor of self-employment by next year.
With so many people jumping into the gig economy, how can a self-employed worker stand out from the competition and land a job in the New Year?
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San Diego-based Element Biosciences, which is developing DNA sequencing technology, says it has raised $80M in a Series B funding round. The new funding came from Fidelity Management & Research Company and JS Capital LLC, along with Foresite Capital and Venrock. According to Element Biosciences, the new funds will go towards accelerating the development of its genomic sequencing products. The company has now raised more than $100M in total. Molly He, PhD is CEO and co-founder of Element.
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Los Angeles-based Quibi, the previously stealth-mode mobile video startup founded by Jeffrey Katzenberg and Meg Whitman, said at CES that it has raised $400M in a funding round. The company–which unveiled a website and announced its plans to roll out 175 short form video series specificaly created for smartphones, tablets, and other mobile devices–was previously known as NewTV. Quibi renamed itself in October of 2018, but has been mum about its plans in the content world.
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The only thing more difficult than being an entrepreneur is being an entrepreneur with final exams. Student and alumni-led startups make up a large portion of the UCI Beall Applied Innovation ecosystem. Here, CEOs – both current UC Irvine students and alumni – offer advice and insights to anyone starting a business … and a term paper.
1. Waterborne Skateboards
Patrick Dumas, CEO, senior in business information management, Paul Merage School of Business:
Consult with experts before you make any big decision or spend any big sum of money.
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Culver City-based Dub Frequency Media (DFM), a marketing, public relations, and creative firm which focuses on millennials, has raised $9.0M in a funding round, part of an ongoing $10.97M funding effort, according to a regulatory filing by the company this week. The company, led by Jesse Lee, counts such major clients as Nike, Calvin Klein, Nordstrom, Tesla, Live Nation, Red Bull, and many others. According to the filing, 8 investors participated in the funding round for the company.
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