L.A. Business Journal
DECEMBER 20, 2016
A joint venture team including L.A.’s Aecom Technology Corp. has been awarded a contract for part of the decommissioning process of the shuttered San Onofre nuclear generating station in northern San Diego County.
socalTECH
DECEMBER 20, 2016
Los Angeles-based point-of-sale technology developer Appetize said Tuesday that it has raised $20M in a new funding round, led by private equity investor Shamrock Capital Advisors. Oak View Group, led by Tim Leiweke and Irving Azoff, also participated, along other investors. As part of the funding, the company said that Shamrock's Andy Howard and Alan Resnikoff have joined the company's board of directors, with Oak View's Leiweke joining as an observor.
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L.A. Business Journal
DECEMBER 20, 2016
Walt Disney Co. has swept its subsidiary Maker Studios into a new area within its digital consumer products and interactive media division.
socalTECH
DECEMBER 20, 2016
Venice-based Snap , the parent firm of Snapchat, has acquired San Francisco-based ad technology developer Flite , according to reports this morning. According to recode, the acquisition is an "acquihire", and Snap is using the buy to help bring in new ad technology talent, rather than any software developed by Flite. The deal has not yet been announced by either company.
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L.A. Business Journal
DECEMBER 20, 2016
Walt Disney merges Maker with competing department, Snap Inc. acquires ad tech firm, Faraday Future attacks journalists on Twitter, and more.
socalTECH
DECEMBER 20, 2016
Need to find a job, but finding you just don't have the right background to land a position? Santa Monica-based Amavitae is hoping its mobile app will help advance your career. The startup, which launched earlier this month, said it has created an app which helps provide pathways to the education and training you need for the job you want. The startup said its app--which runs on Android and iOS--helpsp provide free assessment to users, using an analysis of education, experience, military status,
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
socalTECH
DECEMBER 20, 2016
San Diego-based Imprimis Pharmaceuticals announced on Monday that it has raised $9.8M in a private placement. According to Imprimis, the funding came from accredited investors, along with its board of directors and senior management, including its CEO, CFO, and Senior Director of Corporate Development. Imprimis trades on the NASDAQ as IMMY. READ MORE>>.
Xconomy
DECEMBER 20, 2016
Many startups have a great product that’s viable, marketable, and ripe with potential. But if that was the only indicator of success, then nine out of 10 startups wouldn’t fail. The annals of startup history wouldn’t be littered with instances of companies like Friendster or Color that had fantastic products, but eventually sank. The truth is that startups often go bankrupt for reasons that extend beyond the viability of their products.
socalTECH
DECEMBER 20, 2016
Thousand Oaks-based Amgen and drug mamker UCB said on Monday that the two have submitted an application for marketing approval of. romosozumab, for the treatment of osteoporosis, in Japan. The two, who are in a deal to co-develop the compound worldwide, said the effort in Japan is being led by Amgen Astellas BioPharma (AABP) K.K., a joint venture between Amgen and Astellas Pharma Inc.
Xconomy
DECEMBER 20, 2016
An Acadia Pharmaceuticals drug developed to treat hallucinations and delusions experienced by Parkinson’s disease patients is now showing signs it could also treat similar psychoses associated with Alzheimer’s disease. San Diego-based Acadia (NASDAQ: ACAD ) reported that patients treated in an exploratory study with its drug pimavanserin showed a statistically significant reduction in psychosis compared against a group given a placebo.
socalTECH
DECEMBER 20, 2016
Newport Beach-based CureDuchenne Ventures , a company which specifically funds startups working on Duchenne muscular dystrophy, said on Monday that it has made an investment in TRiNDS , a new contract research organization. The company said TRiNDS was formed out of the Cooperative International Neuromuscular Research Group (CINRG) academic consortium.
socalTECH
DECEMBER 20, 2016
Los Angeles-based programmatic advertising marketplace operator OpenX announced late Monday that it has opened up a new office in Japan, where it says it has moved into larger office space, and added account management, sales engineering, technical implementation, technical support and yield management resources. According to OpenX, it has also expanded its team in Japan, including adding a new Director of Japan Partner Services, Kenta Umezu.
socalTECH
DECEMBER 20, 2016
Los Angeles-based mitu , the Latino digital media company, said it has named Danny Johnson as its first Chief Marketing Officer. Johnson was previously at 20th Century Fox, and was co-founder of digital marketing agency Creative Asylum (acquired by Modus Operandi). The company said Johnson will head up branding efforts and strategic partnerships, the creative design team, and the business-to-business and consumer marketing arm for the company.
socalTECH
DECEMBER 20, 2016
San Diego-based eSUB Construction Software , a startup developing mobile and cloud-based project management and document control software for the construction industry, has raised $5M in a Series A funding, the company announced this morning. The funding came from Revolution Ventures. eSUB also said it has previously raised funding from The Investor Group, led by Sheldon Lewis, Raymond Levitt, and the Stanford Farmers Investment Club, a group of Stanford professors that make angel investments. e
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