socalTECH
JULY 15, 2014
'reQall , the wearable software developer headed by former Apple Principal Scientist Rao Machiraju, said this morning that it has tapped MIT MediaLab Professor Alex (Sandy) Pentland as a strategic product advisor. Pentland has been called the " Godfather of Wearable Technologies ". reQall--which has major operations in Ventura--said that Pentaland will advise the company on product evolution and strategy.
Berkonomics
JULY 17, 2014
'When meeting with investors, during the period devoted to feedback after your presentation, you will hear comments and recommendations that don’t resonate with you. Some will be from a misunderstanding of your explanation. Some listeners will challenge your assumptions. Some will seem to ask just plain show-off questions, in which the questioner wants you and others in the room to know that s/he knows more than you do.
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InfoChachkie
JULY 14, 2014
'A version of this article previously appeared in Forbes. With the 4th of July around the corner, Zack Brown had potato salad on his mind. As any enterprising entrepreneur would do, he initiated a Kickstarter campaign with the goal of raising $10. His appeal is written in a hilarious, deadpan style. For instance, he notes in the Risks section of his campaign that, "It might not be that good.
Startup Professionals Musings
JULY 14, 2014
'The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. I often get asked about the real alternatives to bridge this valley, and there are some good ones I will outline here.
Advertiser: Aggregage
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.
socalTECH
JULY 17, 2014
'The latest venture capital totals from the PricewaterhouseCoopers/National Venture Capital Association''s MoneyTree Report was released this evening, tallying up $761.12M in investments in Q2 of 2014 in Southern California, up from Q2 of 2013, when $616.83M was invested in the region. The numbers are based on data provided to the two by Thomson Reuters.
Tech Zulu Event
JULY 15, 2014
'The relationship between investors and founders can be tricky to navigate. At the best of times, it’s symbiotic, leading to gains for both sides. At others it can degenerate into a test of wills, or worse. How can you forge mutually beneficial, productive relationships with VCs that make best use of your respective strengths and effectively utilize your time?
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
socalTECH
JULY 17, 2014
'Santa Monica-based videogame maker Activision has been sued by former Panama dictator Manual Noriega, over his depection in the game "Call of Duty: Black Ops II". Noriega is suing Activision Blizzard over what he says is using his name and likeness without his permission. Noriega rules Panama from 1983 until 1989, when he was unseated by the United States in a military invasion.
socalTECH
JULY 15, 2014
'Whole home music system developer Sonos is dropping support for Apple''s iOS 4 and 5, the company told its users Tuesday, meaning that the company''s systems will no longer work with first generation iPad, iPhone 3G, and second and third generations of the iPod Touch. According to Sonos, the move comes as it looks to "balance our need to innovate with our desire to maintain support for older devices".
socalTECH
JULY 14, 2014
'A new, Los Angeles startup, Whim , has recently launched, looking to cut the time between mobile contact and a real date--saying that its app make it possible for users to find a person, and get a date the same day. The startup--one of dozens looking to hook into the popularity of such mobile dating apps as Tinder--says it wants to reduce the time waiting and planning dates, filtering and messaging other users, and to increase the frequency and ease of getting a date.
socalTECH
JULY 18, 2014
'Five startups have been named winners at the Siemer Summit , the tech confab which has been being held in Santa Monica for the past couple of days by local investment banking company and investor Siemer Ventures, highlighting some of the top startups in the region. The winners--who were announced Thursday evening at an awards event which was the culmination of the two day conference--were Silver Push (Hang Ten Award); Ninja Metrics (Impact Zone); Omaze (Party Wave); Epoxy (Point Break Award); S
socalTECH
JULY 16, 2014
'Newport Beach-based Fitwall , the operator of technology driven, wearable-connected fitness centers, said today that it has scored an investment from one of the co-founders of Skechers. Fitwall said it has received a "sizeable round" of funding form Jeff Greenberg, who co-founded Skechers USA. Size of the investment was not announced. Greenberg joins the company''s advisory board with the funding.
socalTECH
JULY 16, 2014
'Santa Monica-based Siemer Ventures said Wednesday that the venture capital fund has launched a new, $45M third fund, and rebranded itself as Wavemaker Partners. The new fund is larger than the company''s second fund, which was raised in 2011 and was worth $28M. According to Wavemaker Partners, the new fund will be focused on mobile services, Internet, and software.
socalTECH
JULY 15, 2014
'Buying a new home? A new mobile app from Irvine-based Homefacts is helping prospective home buyers uncover neighborhood information like education, median income, school ratings, and more--including such dirty laundry as nearby registered sex offenders, crime, risk of earthquakes and tornadoes--not to mention drug lab locations. Homefacts said its new mobile app for the iPhone--which is free--provides more than 30 different pieces of information for residential properties nationwide.
socalTECH
JULY 18, 2014
'In an unsurprising--albeit, still painful--move, San Diego-based fleet management software developer Omnitracs is moving its headquarters, and a significant number of jobs, to Dallas, Texas. The move--which has been in the works since at least February --follows the company''s acquisition by Vista Equity Partners back in August of 2013. Omnitracs was formerly part of Qualcomm.
socalTECH
JULY 14, 2014
'In a unique, World Cup related effort, Santa Monica-based Beats Electronics said Friday that it has created a set of 24, 24 carat gold dipped Beat Pro headphones for the winning German team. The headphones will be given to the German team. Beats Electronics also released a video of its gold headphones along with Naomi Campbell, working with fashion photographer Rankin as part of the campaign.
socalTECH
JULY 14, 2014
'Pasadena-based project management and collaboration software developer Central Desktop said today that its SocialBridge SuiteApp software has been given "Built for NetSuite" verification. The certification means that the software meets NetSuite''s development standards and other requirements for working with NetSuite''s systesm. Central Desktop said that the move will help customers link their creative work to billing and revenue information, help provide better visibility into status of client
socalTECH
JULY 14, 2014
'Email delivery service provider SendGrid has opened up a new office in Orange County, saying today that. it opened the new location to attract local talent to he company. SendGrid says it is "rapidly expanding" and that it opened the new office in downtown Orange to help attract new employees to the company. SendGrid did not say how many people it is looking to hire at the location, however, it say sit is actively hiring across the company.
socalTECH
JULY 17, 2014
'Los Angeles-based Moviepilot , the online film review and publishing site which recently sold off its German operations , has hit the hiring accelerator here in Los Angeles as it has shifted its plans to here in the U.S. According to Aaron Kelly, Director of Content and Community, the company is looking for writers, video producers, social media mavericks, marketeers and ultra passionate movie fans to help the company grow from what is just fifteen people at the moment in LA.
socalTECH
JULY 17, 2014
'3TEN8 , a company which is developing software to help mobile network operators visualize and manage their network performance, and which was part of both LaunchpadLA and the SAM Precellerator Programs in Los Angeles, has raised $250,000 in funding. The seed funding came from the Citrix Startup Accelerator Seed Program. 3TEN8 is now participating in the twelve month Citrix program in Silicon Valley.
socalTECH
JULY 16, 2014
'Santa Monica-based CallFire , the provider of cloud-based text and voice services which is led by Ron Burr, has named a new CFO. According to the company, it has named Tridivesh Kidambi as Chief Financial Officer. Kidambi was most recently at Demand Media, where he had been serving as Vice President of Finance and Investor Relations. READ MORE>>.
socalTECH
JULY 16, 2014
'Are you interested in getting into 3D printing? In an unusual move, home improvement retailer Home Depot and 3D printer maker MakerBot have launched a program to make the popular 3D printers at a select number of Home Depot stores in Los Angeles. Home Depot said that it is offering up the MakerBot Replicator at 12 stores nationwide, including three in Southern California.
socalTECH
JULY 15, 2014
'Los Angeles-based Snapchat said this morning that it has rolled out a new feature called geofiltering, which highlights snaps taken in special locations. The feature--which includes highlights of locations in Los Angeles like Disneyland, Malibu, Santa Monica, LACMA, and elsewhere--features snaps that change depending on what neighborhood you are current at.
socalTECH
JULY 18, 2014
'TubeMogul , which develops software to help advertisers with their online video buying, priced its IPO last night, offering up 6,250,000 shares of its common stock at $7.00 per share. The company will starts trading this morning on the NASDAQ Global Select Market as TUBE. TubeMogul--which is based in Emeryville, but has a operations in Los Angeles--is backed by Trinity Ventures, Foundation Capital, and Northgate Capital.
socalTECH
JULY 18, 2014
'Los Angeles-based Wi-Fi and small cell provider Boingo Wireless announced Thursday afternoon that it has added Los Angeles technology veteran Lance Rosenzweig as a new member of the company''s board of directors. Rosenzweig is the CEO of Aegis USA, and was founder of Los Angeles-based PeopleSupport. Rosensweig sold PeopleSupport to Aegis back in 2008.
socalTECH
JULY 17, 2014
'Irvine-based Kofax , the provider of document capture and related products, reported late Wednesday that it has won a $3.5M deal with a Fortune 1000 company. According to Kofax, the un-named, information storage and management provider is expanding its existing Kofax software installation. Kofax said the customer paid $3.0M in software licenses and over $500,000 in maintenance fees.
socalTECH
JULY 17, 2014
'San Diego-based Renovate America , which provides financing for residential, clean energy projects, said it has raised $50M in equity from both new and existing investors. Renovate America said the round was led by Valor Equity Partners, and also included Macquarie, RockPort Capital and Spring Creek. Renovate America works to provide financing to homeowners for such projects as solar power installation, energy efficient HVAC installations, new windows, and roofing, all in conjunction with local
socalTECH
JULY 17, 2014
'San Diego-based Edico Genome , a developer of semiconductor specifically aimed at genome mapping, has raised $10M in a Series A funding, the company announced this morning. According to the company, the funding was led by Qualcomm Ventures, and also included Axon Ventures and angel investor Greg Lucier (Life Technologies). Edico Genome develops an application specific integrated circuit (ASIC) specifically aimed at sequencing and bioinformatics applications.
socalTECH
JULY 17, 2014
'Los Angeles-based SpinMedia said today that it has acquired Death and Taxes , an online magazine focused on indie music news, pop culture, politics, and entertainment. Financial terms of the acquisition were not disclosed. SpinMedia said that Death and Taxes sees around 1 million unique visitors a month. READ MORE>>.
socalTECH
JULY 16, 2014
'Los Angeles-based Evolve Media reported late last night that it has launched a new, native video advertising product called INgage. Evolve Media said that the new, video solution delivers "large format" video within content, startup up when a users comes into view. The company said its new product brings video out of the "right rail blind spot" on websites.
socalTECH
JULY 15, 2014
'Los Angeles-based SOA Software said today that it has launched a new product, an Enteprise API catalog which helps develops in companies search for available, internal application programming interfaces. SOA Software said that the new product helps enterprise developers find internal APIs inside the enterprise, to help increase software reuse. Pricing on the new product was not announced.
socalTECH
JULY 15, 2014
'Santa Monica-based Demand Media said Monday that it has sold both its Creativebug. and CoveritLive businesses. Demand Media said it sold Creativebug its online video business focused on arts and crafts, to Other Media , a new joint venture between AT&T and The Chernin Group, Separately, the compay said it sold CoveritLiveto Canadian firm ScribbleLive.
socalTECH
JULY 14, 2014
'Los Angeles-based AECOM Technology Corporation said Friday that it is acquiring URS Corporation , in a cash and stock deal worth approximately $4 billion. AECOM said that, including the assumption of debt, the total enterprise value of the deal will be approximately $6 billion. Both companies serve the engineering and construction industry. The companies said the combined firm will have more than 95,000 employees and 2013 pro forma revenues of more than $19B.
socalTECH
JULY 14, 2014
'San Diego-based Otonomy , the biopharmaceuticals firm which is developing treatment of diseases and disorders of the ear, has filed for an IPO, saying in a filing that it is looking to raised $86.25M in an offering on the NASDAQ Global Market. Otonomy said it intends to list under the symbol OTIC. Otonomy''s IPO is being underwritten by J.P. Morgan, BofA Merrill Lynch, Piper Jaffray, and Sanford C.
socalTECH
JULY 17, 2014
'San Diego-based electronics components provider Pulese Electronics reported late Wednesday that its Chairman and CEO, Ralph E. Faison, has resigned. The company said it has appointed Alan H. Benjamin as Interim CEO of the company. Benjamin was the company''s Chief Operating Officer. According to Pulse, its board has launched a search for a permanent CEO.
socalTECH
JULY 16, 2014
'Santa Ana-based Iteris , which develops traffic management products and technology, said late Tuesday that it has replaced its CFO, and may face a "material weakness" in its internal controls over financial reporting. The company said it has named Craig Christensen as its interim CFO. Christensen was the company''s VP and controller since April of 2012, and also has served at SM&A and Ernst & Young LLP.
socalTECH
JULY 16, 2014
'San Diego-based life sciences equipment maker Illumina said this morning that it has acquired Myraqa , a company providing regulatory and equality consulting in the molecular diagnostics market. Financial terms of the buy were not announced. According to Illumina, the deal will bolster its in-house capabilities and help prepare for growth. Myraqa was based in Redwood Shores, California.
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