socalTECH
JANUARY 30, 2017
Calabasas-based network testing software and hardware developer Ixia has been acquired by Keysight Technologies , in a deal worth $1.6 billion in cash, the two announced this morning. Keysight and Ixia said that Keysight will pay $19.65 per share in cash for Ixia, a premium of approximately 45 percent to Ixia's stock price on December 1st, when Ixia said it was considering "strategic alternatives".
L.A. Business Journal
JANUARY 30, 2017
Online flower shop Bouqs Co. has raised a $24 million Series C round of capital led by Partech Ventures.
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socalTECH
JANUARY 30, 2017
Santa Monica-based Comparably , the startup which lets employees and employers track compensation trends, find careers, compare companies, and more, led by serial entrepreneur Jason Nazar, has raised $7M in a funding round, the company announced this morning. The funding came from Greycroft Partners, Comcast Ventures, as well as Crosslink Capital, Upfront Ventures, Cornerstone OnDemand, Nate Redmond, Lowercase Capital, Accelerator Ventures, and Jim Andelman.
L.A. Business Journal
JANUARY 30, 2017
Facebook cloning efforts appear to curb Snapchat, Bouqs Co. raises $24 million, Amplify raises $10 million seed fund, and more.
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socalTECH
JANUARY 30, 2017
Venice-based Amplify recently close a third, early stage investment fund of $10M, as part of its efforts to accelerate startups in the Los Angeles area. Amplify, which operates its own startup accelerator in Venice, had previously been investing $12.6M raised in its prior two funds. Most of those funds have been invested in companies that have joined the company's accelerator in Venice.
Xconomy
JANUARY 30, 2017
When I last spoke to Sophie Vandebroek in December, it was for a kind of exit interview as she prepared to leave her longtime job as Xerox’s CTO and head of its worldwide research organization. We went over highlights of her Xerox tenure, her outlook on key technology trends for 2017 and beyond—the Internet of Everything, cognitive computing, healthcare IT, and cybersecurity chief among them—and her own plans for the future.
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Startup Professionals Musings
JANUARY 30, 2017
Entrepreneurs are people who dream up new ideas, and then commercialize them into new businesses. Most people believe that the hard part is coming up with the idea, and the easy part is turning it into a business. Yet, in my experience as a mentor to entrepreneurs, the majority of failures I see are related to starting and growing the business, not developing the solution.
socalTECH
JANUARY 30, 2017
Pasadena-based Geneva Health Solutions , which develops a system which feeds cardiac monitoring data from implantable devices to a wide range of medical systems, has raised $1.9M in a funding round. The funding came from Nebraska Medicine, and San Diego angel investor Don Cohn. The company, led by CEo Yuri Sudhakar, said it will use the funding to add additional cardiology practices nationwide.
Xconomy
JANUARY 30, 2017
Here at the (relative) beginning of 2017, we can safely say that the previous year was among the most significant in history from a cybersecurity standpoint. Nation-state actions, in the form of the assumed Russian interference in the U.S. elections (especially the presidential race) and in the leaks of e-mails from the Clinton campaign, dominated cybersecurity news.
socalTECH
JANUARY 30, 2017
San Diego-based Illumina said it has named Caroline Dorsa to its board of directors, the company said last week. Dorsa was most recently was Executive Vice President and CFO at Public Service Enterprise Group, and served at Merck & Co., as its Senior Vice President of Marketing Stragegy and Integration, and Vice President and Tresasurer, in addition to time at Avaya.
socalTECH
JANUARY 30, 2017
San Diego-based Neuropore , a biopharmaceuticals firm developing treatments for Parkinson's disease, Alzheimer's disease, and other neurodegenerative disorders, has scored a grant from the The Michael J. Fox Foundation for Parkinson's Research (MJFF). Size of the grant was not announced. The company said the grant will go towards supporting its Toll-Like Receptor 2 (TLR2) antagonist program focused on modulating neuroinflammation and autophagy in Parkinson's disease and other neurodegenerative d
socalTECH
JANUARY 30, 2017
San Diego-based AmpliPhi Biosciences Corp , a developer of antibacterial therapies to treat drug-resistant infections, announced this morning that it has appointed Igor P. Bilinsky as its Senior Vice President and Chief Operating Officer. Dr. Bilinsky was previously General Manager of Immuno-Oncology and Senior Vice President of Special and Research Operations at Ignyta, and also served at Vical Incorporated and Halozyme Therapeutics, as CEO of Androclus Therapeutics, and also was at The Boston
socalTECH
JANUARY 30, 2017
Mission Viejo-based Auxilio , a developer of document workflow software and provider IT security services aimed at the healthcare industry, has received a $14M acquisition financing loan from Avidbank. Terms of that loan were not announced. Avidbank Specialty Finance said Auxil also has renewed an existing line of credit with the firm. READ MORE>>.
socalTECH
JANUARY 30, 2017
In the world of social networking, there are lots of apps and services which connect you with people you know, but not so many which help you connect with others like you. Los Angeles-based exactly.me (www.exactly.me) is hoping to change that, with an app that connects you with other like minded individuals, based on your reaction to photos. Jay Goss , CEO of the startup--who is a veteran startup CEO here in Southern California-- talked to us about the new startup, which was developed by the tec
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