Sat.Feb 04, 2017 - Fri.Feb 10, 2017

Trending Sources

Mark Cuban on Why You Need to Study Artificial Intelligence or You’ll be a Dinosaur in 3 Years

Both Sides of the Table

Mark Cuban opened the Upfront Summit in an epic interview by Jason Hirschhorn , founder of Media REDEF. 20 years ago there were 9,000 public companies.

Study 195

Soraa Deploys In UK Museum

socalTECH

Soraa , the developer of Gallium Nitride (GaN) LED lighting technology, based on research out of UC Santa Barbara, has deployed its products at a museum in the United Kingdom. Soraa said its lighting systems are now being used at the Ashmolean Museum in Oxford, England, which the company says is the world's oldest public museum. READ MORE>>.

U.S Dept. of Commerce Grants $500,000 to Cal State L.A. For Bioscience Bootcamp.

L.A. Business Journal

The U.S. Department of Commerce granted nearly $500,000 to California State University, Los Angeles and its partners, the Biocom Institute and the Los Angeles Cleantech Incubator (LACI), to fund the creation of a bootcamp for bioscientists in the region

Biotech Leaders Sign Letter Condemning Trump’s Travel Ban

Xconomy

The blowback from U.S. business leaders to President Trump’s travel ban continues—today from a throng of biotech executives. This morning, 165 U.S. biotech leaders have signed a letter voicing “deep concern and opposition” to the order, which bars entry to the U.S. to refugees and immigrants from seven Muslim-majority countries. The Jan.

How Glenn Beck Won the Audience Over at the Upfront Summit

Both Sides of the Table

This is a seriously well written & thoughtful article by @glennbeck - I have to say "hats off" https://t.co/LLfI9iHIJd Please watch.

UCSD 67

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Why Was Winter in Venture Capital Funding so Short?

Both Sides of the Table

Yet as we enter February 2017 the VC funding markets are booming, Snap, Inc has filed for its IPO, AppDynamics was just purchased for $3.7 Ok, Suster.

Ranker Sees Growth, Doubles Staff

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Los Angeles-based Ranker said today that it has grown its revenue 115 percent year over year, and doubled its staff. The company did not release any actual financials behind the growth. The company led by CEO Clark Benson, says the company now has a "healthy 8-figure" in revenues. READ MORE>>.

Silicon Beach Report Feb. 7: Collectible Sneaker Reseller Goat Raises $25M.

L.A. Business Journal

Collectible sneaker reseller Goat raises $25 million, SpaceX plans to launch rockets every 2 weeks, and Virtual reality firm Upland expands into SoCal

Often Advocates Of Faster FDA, Patient Groups Wary Of Trump Deregulation

Xconomy

Trump said at last week’s meeting in Washington D.C.,

3 Ways IoT Startups Are Securing Their Devices

Tech Zulu Event

With so many smart technology devices and users— six billion Internet of Things (IoT) connections in 2015—we’ve long surpassed the adoption phase.

Netwrix Gets Series A Funding

socalTECH

Irvine-based Netwrix , a developer of hybrid cloud security software, has received a Series A funding round, the company said Tuesday. Size of the round was not announced. The funding was led by Updata Partners. Netwrix, led by Michael Fimin, said the funding will go towards product development and growth. READ MORE>>.

Silicon Beach Report Feb. 9: Brogan BamBrogan Starts Second Hyperloop Company

L.A. Business Journal

Brogan BamBrogan starts second hyperloop company, Greycroft raises $250 million fund, Wiredrive merges with MediaSilo, and more

Bio Roundup: Travel Ban Block, Gilead Shock, Dean Kamen Talk & More

Xconomy

The biotech community pushed back against President Donald Trump’s order to block travelers and refugees this week, and not much later, a federal court did, too. All this, plus heart-stopping patent fights, drug-price intrigue, a regenerative chat with inventor Dean Kamen, and more. Let’s get to the roundup. BAN IN THE U.S.A.

Avoid the race to zero…

Berkonomics

When do you sell your company?  Obviously we all want to sell at the top.  And there is the problem. 

Southern California Biotech Execs Take Stand Against Immigration Order

socalTECH

A long list of executives in Southern California have joined in a joint statement , published in Nature on Tuesday, which call the Presidential Immigration order a "misguided policy", and complained the move gave a message that "America is no longer welcoming of any immigrants, whatsoever." READ MORE>>.

Silicon Beach Report Feb. 10: Snap Announces Deal with A&E to Develop First Original Snapchat Show

L.A. Business Journal

Snap Announces Deal with A&E to Develop First Original Snapchat Show, Honest Co. Looking for Consumer Package Goods CEO to Replace Brian Lee, and Activision Hits Record $2B in Sales in Q4

Senate Confirms Price for HHS, But Stock Deals Still Raise Questions

Xconomy

The Senate confirmed Tom Price as Secretary of the U.S. In total, the department has an annual budget that tops $1 trillion.

Techstars Launches Virtual Accelerator

socalTECH

Startup accelerator operator Techstars announced this morning that it is launching a new "virtual accelerator", which seeks to provide the same kind of experience virtually that the startup accelerator is offering. The inaugural class of four companies in the the accelerator includes two different companies with founders in San Diego. READ MORE>>.

Interview with Mike Whitmire, CEO and Co-founder, FloQast

socalTECH

For today's interview, we sat down and talked with Mike Whitmire , the CEO and Co-founder of Los Angeles-based FloQast (www.floqast.com), a developer of financial close management software for enterprise accounting. Mike tells us about the company, who uses its software, as well as how he was initially turned away from the Amplify.LA READ MORE>>.

New Website, ElectroMotive, Looks To Match You With Electric Cars

socalTECH

A new website, ElectroMotive , which recently launched here in Los Angeles, is hoping that its site might convince more people to switch to electric cars. The site--created by he 11th Hour Project and Insight Campaigns--says it is aimed helping Angelenos browse, learn, and "fall in love with the next generation of cars." READ MORE>>.

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Greycroft Partners Raises $250M In New Growth Fund

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Greycroft Partners , one of the more active investors in Los Angeles technology startups, announced on Thursday that it has raised $250M in a new, growth equity fund. Greycroft has offices in both Los Angeles and New York. Greycroft says its Greycroft Growth funds have invested in 14 companies, including LA's Scopely and Thrive Market, among others.

Stem Raises $4.5M

socalTECH

Los Angeles-based Stem , a company which is helping artists collect royalties across online and other platforms, has raised $4.5M in funding, the company disclosed this week. The funding came from Upfront Ventures and Scooter Braun. READ MORE>>. stem venture capital royalties artists upfront

Glaukos Sets New CFO

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San Clemente-based ophthalmic technology developer Glaukos said this morning that it has named Joseph Gilliam as its next Chief Financial Officer and Senior Vice President of Corporate Development. Gilliam will replace current CFO Richard Harrison, who is retiring this year. Glaukos said that Gilliam will not join the company as CFO until May.

Western Digital Pushes 3D NAND Technology To 64 Layers

socalTECH

Irvine-based Western Digital said today that it has started pilot production on a 512 Gigabit (Gb), three-bits-per cell, 64-layer 3D NAND chip--a big push forward in 3D NAND technology. WD said it expects to put the chip into mass production in the second half of 2017. The chip is being manufactured in Yokkaichi, Japan. READ MORE>>.

Social Reality Names New Board Member

socalTECH

Los Angeles-based Internet advertising technology developer Social Reality announced late Friday that it has named Derek J. Ferguson to its board of directors. Ferguson has previously served at Victory Park Capital Advisors LLC, Maxim Partners, J.P. Morgan Securities, Thoma Cressey Equity Partners and Wynnchurch Capital. READ MORE>>.

Silicon Beach Report Feb. 8: Snap Inc. Hires Swiss Engineer to Fight Copycats

L.A. Business Journal

Snap Inc. hires Swiss engineer to fight copycats, SpaceX aims for Feb. 18 to launch resupply mission to Space Station, and Exactuals Raises $10 million and signs SAG-AFTRA as client

SanDisk Co-Founder Departs Western Digital Board

socalTECH

The co-founder and former CEO of SanDisk, Sanjay Mehrotra, has stepped down from the board of Irvine-based Western Digital , WD said Thursday afternoon. Mehrotra had joined the board of Western Digital in May of 2016, as part of the acquisition of San Disk by Western Digital. READ MORE>>.

Carttronics Acquired By Gatekeeper Systems

socalTECH

San Diego-based Carttronics , a developer of electronic systems used to reduce shoplifting and loss of shopping carts at retail stores, has been acquired by Irvine-based Gatekeeper Systems. Financial details of the buy were not announced. Gatekeeper is owned by private equity investor Hammond, Kennedy, Whitney & Company. READ MORE>>.

Once Upon A Farm Harvests $3.1M For Organic Baby Food

socalTECH

San Diego-based Once Upon A Farm , a maker of "cold-pressed, organic, non-GMO" baby food, has raised $3.1M in a Series A funding, the company disclosed this week. The funding came from Cambridge Companies SPG, Seed 2 Growth Fund, and Harbinger Ventures. The company was co-founded by Ari Raz (CEO) and Cassandra Curtis (COO). READ MORE>>.

Snapchat's Would-Be Investors Drive Up Wrong Stock

socalTECH

Enthusiastic, yet clearly unsophisticated, fans of Venice, California-based Snap Inc. , the parent company of Snapchat , have driven the stock of a completely unrelated, over-the-counter company, Snap Interactive , through the roof this week. Snap Interactive is a developer of chat and dating apps; Snap, Inc.--which READ MORE>>.

Report: Honest Company Seeking CPG CEO

socalTECH

Los Angeles-based e-commerce provider Honest Company , which sells organic baby and beauty products, is looking to replace CEO Brian Lee with a veteran of the consumer packaged goods (CPG) market, according to a report. Lee co-founded The Honest Company with actress Jessica Alba, and is a veteran of the Internet and e-commerce industry. READ MORE>>.

Amplify.LA Backs SafeRide Health

socalTECH

SafeRide Health , which provides transportation of patients to health care providers, has scored funding and backing of Los Angeles startup accelerator and investor Amplify.LA , Amplify said this week. SafeRide Health joins Amplify.LA along with the funding. Paul Bricault of Amplify.LA READ MORE>>.

Ixia, Fortinet Tie On Terabit Firewall Testing

socalTECH

Calabasas-based network testing equipment and software deeloper Ixia , and firewall and cybersecurity appliance developer Fortinet said late Wednesday that Ixia is being a validation of terabit-speed firewalls from Fortinet. The 3980E provides 1 terabit per second throughput. READ MORE>>.

Ingenu Expands In Arizona

socalTECH

San Diego-based Ingenu , which operates a machine-to-machine, Internet-of-Things network, says it has opened up a new, 12,763 square foot office in Scottsdale, Arizona, which will provide general and administrative functions to the company. John Horn, Ingenu's CEO, shows his LinkedIn location as being in Arizona. READ MORE>>.