Tue.Dec 13, 2016

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Virtual Reality Developer Survios Raises $50 Million

L.A. Business Journal

Virtual reality video game producer Survios announced on Tuesday that it has raised $50 million in capital over two rounds this year from Metro-Goldwyn-Mayer, Lux Capital, and other investors.

Develop 155
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TeleSign Names New Chief Product Officer

socalTECH

Los Angeles-based TeleSign announced this morning that it has it named Tom Powledge as the company's new Chief Product Officer. Powledge was previously Vice President and General Manager at Hewlett Packard Enterprise (HPE), where he managed the company's ArcSign business. Prior to HPE, Powledge was Vice President of Managed Security Services at Cisco Systems, and also spent 20 years at Symantec.

Symantec 155
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Silicon Beach Report Dec. 13: Virtual Reality Developer Survios Raises $50 Million

L.A. Business Journal

Virtual reality developer Survios raises $50 million, Snapchat introduces group chats, mental health app Stop, Breathe & Think raises $1.3 million, Tinder launches on Apple TV, and more.

Develop 125
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Santa Barbara Investors Back Solvvy

socalTECH

The Investment Group of Santa Barbara (IGSB) is one of the backers this week in machine learning and artificial intelligence software developer Solvvy. Solvvy says it has raised $4.5M in a seed funding round, which was led by True Ventures, and also included Pear Ventures (formerly Pejman Mar Ventures), Carnegie Mellon University, Signatures Capital, Investment Group of Santa Barbara (IGSB) and angels, including Dan Rose and Hamid Barkhordar.

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Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19

Office leases are one of companies’ largest expenses, and if your whole team is working from home with no clear end in sight, you may be wondering what to do about your lease.

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Organovo Discloses First Preclinical Data on Human Liver “Patch”

Xconomy

After taking the first steps toward the development of living human liver tissue “patches” for therapeutic use, San Diego-based Organovo (NASDAQ: ONVO ) is laying out its pre-clinical data for the first time today. And the company says the results are promising enough to warrant further development of the technology. Organovo CEO Keith Murphy said in October that the company intends to use its 3D bio-printing technology to produce living human liver tissue for transplantation in patients with fa

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Intuit Courts Third Party Access To TurboTax With Open API

socalTECH

Intuit announced this morning that it is opening up access to third party developers to the consumers using TurboTax Online, which is developed out of San Diego. According to Intuit, it has created an open platform which will allow third party companies to access data from its TurboTax customers. The first partnership out of the open platform effort is Earnest, a company which uses data science to help consumers refinance loans.

San Diego 125

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NantHealth Gets Win In Florida

socalTECH

Culver City-based personalized medicine technology devleoper NantHealth reported a win this morning in Florida. NantHealth said that it has signed a licensing agreement with the state, which gives access to its GPS Cancer test. That test is used by oncologists to guide patient treatment strategy. Financial details of the licensing agreement were not announced.

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SpaceX Delays Manned Missions To 2018

socalTECH

In the biggest impact so far of the loss of a Falcon 9 rocket in Cape Canaveral in August, Hawthorne-based SpaceX is delaying its first manned missions to space from 2017 to 2018. The delays reportedly give SpaceX time to completely develop new launchpad fueling procedures, which have been pinpointed as the cause of that devastating explosion earlier this year.

SpaceX 109
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Apposite Gets Private Equity Investment

socalTECH

Los Angeles-based Apposite Technologies , a developer of enterprise network simulation software and test tools, has raised a round of growth investment from private equity investor Ranch Creek Partners. Size and terms of the funding were not announced by the companies. As part of the funding, Steve Fazio has been named as CEO of the company. Apposite develops WAN emulation appliances.

Equity 109
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Tongal Ramps Up Hiring

socalTECH

Santa Monica-based Tongal , the crowdsourced, marketing and advertising content firm led by Rob Salvatore, has been ramping up hiring, saying today that it has added a significant number of people this month--including three executives to its senior leadership team. Tongal said it hired ten people in the past month, including Christina Gergis as Head of People, Tommy Reid as Executive Producer, and T‌ina Walsh as VP of Content Strategy.

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Cylance Expands In Australia, New Zealand

socalTECH

Irvine-based cybersecurity software developer Cylance announced late Monday that it is expanding its efforts in Australia and New Zealand, and has made several strategic hires in both countries. Cylane said it had hired two Enterprise Sales Manager, a Regional Channel Manager, and three Sales Engineers, all for the Australia and New Zealand region. The company pulled from veterans for FireEye, Juniper Networks, Splunk, Cisco, Blue Coat, and other companies for the new hires, which come after it

Sales 109
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Stop, Breathe & Think Finds $1.3M

socalTECH

Los Angeles-based emotional wellness app developer Stop, Breathe & Think announced on Tuesday that it has raised $1.3M in a seed funding round. The funding was led by LaunchPad Digital Health, and also included Aspect Ventures and angels. The startup, co-founded by Julie Campistron and Jamie Price, develops an app which helps user monitor their emotional health.