L.A. Tech Updates: 'Smart' Glass Gets a Boost
Crown Electrokinetics Smart Glass Makers Partners with Hudson Pacific
Crown Electrokinetics, a maker of "smart" glass that automatically darkens, announced Thursday that Hudson Pacific Properties has invested in the company. Terms of the deal were not disclosed.
Though headquartered in Corvallis, Oregon, Crown's chairman and CEO Doug Croxall resides in Los Angeles and the company has an office here. Hudson Pacific is headquartered in L.A.
"It's truly an honor to partner with Hudson Pacific, one of the country's leading real estate investment trusts and a company that looks to innovate at every turn," Croxall said in a statement.
Crown pioneered a technology called DynamicTintTM, which enables glass to quickly transition between clear and dark, eliminating the need for window shades and saving energy consumption. As part of the deal, Hudson Pacific has agreed to use the product at some of its properties on the West Coast.
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The magic number is 2.2.
That's the threshold for how many times a customer must patronize a business before beginning to feel a sense of loyalty. So says Surkus founder and chief executive Stephen George, whose L.A.-based company launched in 2014 to help companies expand their marketing and build loyal customers. Surkus is now rolling out a new product geared toward "hyperlocal" businesses with fewer than 20 locations.
Stephen George is CEO of Surkus, which is launching its new Surkus Local product this month
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Nomad Homes, which is building a managed marketplace to allow users to not just search but also finance and complete the paperwork for residential real estate, announced Wednesday it has raised a $4 million seed round led by Comcast Ventures with participation from Abstract Ventures, Partech, Precursor Ventures, WndrCo, and Class 5 Global.
The company was started in Palo Alto by Helen Chen, a former Blackstone private equity investor who dropped out of the Stanford Graduate School of Business to start the company after she discovered how outdated property technology was in the Middle East and Europe. Nomad is now headquartered in Dubai but the engineering team is based in Los Angeles, led by Yury Velikanau, who was formerly the lead engineer at PeerStreet. The seed round will be used to grow Nomad's engineering team as well as grow its marketplace and services.