Tue.May 26, 2015

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This Remote Working Experiment Failed And Succeeded – At The Same Time

InfoChachkie

A version of this article previously appeared in Forbes. Self-aware startups often learn more from their failures than from their success. Timehop , the photo album for the digital age, is no exception. Created by Jonathan Wegener and his Co-Founder Benny Wong, the company has over 16M+ users. To put this in proper perspective, more than twice as many people access Timehop each day than read the New York Times.

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Oculus VR Sued By Hawaiian Company

socalTECH

Irvine-based Oculus VR and co-founder Palmer Luckey have been sued again, this time by a company in Hawaii called Total Recall Technologies. The lawsuit, filed in the U.S. District Court in California, claims breach of contract and theft of intellectual property by Luckey, who Total Recall claims they hired to help them develop immersive, head mounted displays.

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Classmates Pays $11M To Settle Deceptive Marketing, Billing Allegations

socalTECH

Classmates , the online website which is part of Woodland Hills-absed United Online , has agreed to pay $11.0M to settle allegations of deceptive marketing and biling by the company--an investigation which has been running since 2010. The settlement was announced Tuesday by a group of 21 attorney generals. United Online and spiinout FTD will pay $8M to the states involved in the settlement, with $5.18M paid by Classmates and $2.82M to be paid by FTD; the companies also said Classmates will creat

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HelloTech Adds $2M, Launches In-Home Tech Support In LA

socalTECH

Los Angeles-based on-demand, in-home tech support and sales service HelloTech , which was founded by AmplifyLA/RealNetworks veteran Richard Wolpert, has raised another $2M, and officially launched its service in Los Aneles. According to HelloTech, the new funding came from Collaborative Fund, Baroda Ventures, Greycroft Partners, and Silicon Valley Bank along with Accel Partners, Upfront Ventures, CrossCut Ventures, Amplify.LA, and others.

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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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Oculus Buys Surreal Vision

socalTECH

Irvine-based virtual reality headset developer Oculus VR announced today that it has acquired Surreal Vision , a UK-based develops of computer vision technology. Financial details of the acquisition wer enot disclosed. Surreal Vision develops real-time, 3D scene reconstruction software, which is used to create real-time, representations of the real, physical world in software.

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Yardi Wins Deal In UAE

socalTECH

Santa Barbara-based real estate investment and property management software developer Yardi said over the weekend that it has been selected by a client in the United Arab Emirates. Dubai-based H&H Investment and Development said it will adopt Yardi's software for its property management efforts. Financial impact of the deal was not announced. READ MORE>>.

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Amgen Parts Ways With AstraZeneca On Compound

socalTECH

Thousand Oaks-based Amgen said late Friday that it is terminating a program it has with AstraZeneca , to co-develop and commercialize a treatment for psoriasis. According to Amgen, the move is based on events of suicidal ideation and behavior in its clinical trails, which it says would necessitate restrictive labeling and limit the patient population for the drug.

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Enervee Raises $3.7M For Energy Smart Consumer Purchases

socalTECH

Santa Monica-based Enervee , which provides an online platform collecting energy consumption information on appliances and other products, is announcing this morning that it has raised $3.7M in a Series A funding round. The funding was led by Obvious Ventures, the venture capital fund created by Twitter co-founder Evan Williams. Enervee, which is led by Matthias Kurwig, develops a service which lets users compare the energy consumption of products, via its "Enervee Score", which helps users eval