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With New Data, Amgen Promises Refund If Cholesterol Drug Doesn’t Work

Xconomy

Stung by slow sales of its next-generation anti-cholesterol drug, Amgen hopes new clinical data, released this morning, will spur doctors to boost prescriptions and—perhaps more important—drive insurers to loosen their restrictions. political issue, and pricey new cholesterol drugs have been a key battleground.

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ServiceTitan Links With SEO Provider

socalTECH

Glendale-based ServiceTitan , which is developing software for helping plumbing, HVAC, and other service businesses manage their business, has linked up with search engine optimization (CSEO) provider Plumbing & HVAC SEO. ServiceTitan is led by Ara Mahdessian. READ MORE>>.

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CRISPR Organs? eGenesis Raises $38M For Pig-To-Human Transplants

Xconomy

One of the companies trying to revive the once-failed notion of xenotransplantation has raised a significant round of cash.

ServiceTitan Raises $80 Million Series B.

L.A. Business Journal

ServiceTitan, a Glendale-based provider of business software for home service businesses, announced Wednesday it closed an $80 million Series B funding round

LA Fintech Demo/VC Mix Mingle Network

SoCal Tech Calendar

Tuesday, March 28, 2017 -- LA Fintech Demo/VC Mix Mingle Network. Come mix and mingle with other Financial Technologist's Tues January 24. Learn about the newest and fastest changes going on in financial technology. Finance is undergoing a massive change some call the "financial paradigm". Laws from 1930-1940 (old right?) See [link] (more

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Rubicon Project Names New CEO

socalTECH

Los Angeles-based online advertising exchange operator Rubicon Project announced Tuesday afternoon that it has named Michael Barrett as CEO, replacing founder and CEO Frank Addante. Addante remains with the company as Chairman of the company. Barrett was most recently CEO of Millennial Media, and also had served as Chief Revenue Officer at Yahoo!,

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Becoming Investor Ready - Deal Practice Pitch

SoCal Tech Calendar

Tuesday, March 28, 2017 -- Becoming Investor Ready - Deal Practice Pitch. Watch three 12-minute investor presentations followed by investors’ questions. You will see and experience what it is like to rapidly answer investor questions and determine if you are ready to present your deal to potential Angel Investors. See [link] (more

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Doing “Defense the Silicon Valley Way” Pays for Daylight Solutions

Xconomy

Startups that develop advanced military technologies often never come to light. But San Diego’s Daylight Solutions has managed to openly thrive in two very different markets. The company has advanced its specialized solid-state laser technology for customers in both the defense industry and commercial sector. The reward for.

Wrapify Q&A: Adhesive Giant Puts $3 M in Car Advertising Schtick

Xconomy

After the adhesive products maker Avery Dennison (NYSE: AVY ) recently made a $3 million investment in San Diego-based Wrapify , we tracked down Wrapify CEO James Heller, and stuck him with a few questions about the deal. Read more » Reprints | Share: UNDERWRITERS AND PARTNERS. Wrapify

Bio Roundup: Trump Budget, FDA Chief, CAR-T Qs, CRISPR Cash, & More

Xconomy

If it wasn’t clear that the Trump administration disdained most types of scientific inquiry and practice, the White House’s proposed budget drove the point home. The top-line figures: a nearly 20 percent cut in the National Institutes of Health, and a 30 percent cut in the Environmental Protection Agency.

Silicon Beach Report March 20: SpaceX Studying Mars Mission Landing Sites

L.A. Business Journal

SpaceX studying Mars mission landing sites, Snap Inc. gets first buy rating from Wall Street firm, and Two Bit Circus develops VR and motion simulator

Silicon Beach Report March 15: ServiceTitan Raises $80 Million

L.A. Business Journal

ServiceTitan raises $80 million, ProducePay raises $77 million in debt and equity, and Soylent signs lease on 29,000-square-foot property

Silicon Beach Report March 22: Job-Hunting Advice Network Raises $2.7M

L.A. Business Journal

Job hunting advice network raises $2.7 million, content management service Edlio acquires app Sangha, and entertainment content startup Pocketwatch raises $6 million

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Teledyne Wins $10M Contract For Sensors For Mission to Jupiter

socalTECH

Thousand Oaks-based Teledyne Technologies said late Monday afternoon that Teledyne Scientific & Imaging, one of its subsidiaries, has been awarded $9.98M in a contract from the French Space Agency, the Centre National d'Etudes Spatiales (CNES), to support a mission to Jupiter. the JUICE mission is expected to reach Jupiter in 2030. READ MORE>>.

XYPRO Technology Corporation Buys Merlon Software

socalTECH

Simi Valley-based XYPRO Technology Corporation , which develops security software for HPE NonStop servers, has acquired Merlon Software Corporation. Financial details of the acquisition were not announced. Merlon Software develops database management software for HPE NonStop servers, and is based in Mississauga, Ontario, Canada. READ MORE>>.

Building a Local Innovation Ecosystem

Xconomy

Co-authored with Rudy Gadre , general partner at Founders’ Co-op. But a better strategy would be to examine our local strengths.

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Silicon Beach Report March 17: Kite Pharma Names UCLA Researcher to Board.

L.A. Business Journal

Kite Pharma names UCLA researcher to board of directors, Embark Ventures looks to raise $50 million venture capital fund

Kite Pharma Names UCLA Researcher As New Board Member

socalTECH

Santa Monica-based cancer treatment developer Kite Pharma announced on Thursday that it has named Owen N. Witte, M.D., founding director of the Eli and Edythe Broad Center of Regenerative Medicine and Stem Cell Research at the University of California Los Angeles (UCLA), to its board of directors. READ MORE>>.

Silicon Beach Report March 16: Honest Co.’s CEO Brian Lee Steps Down.

L.A. Business Journal

Honest Co.’s s CEO Brian Lee steps down, venture capital firm Blockchain Capital plans to raise funds by selling digital currency, and SpaceX successfully launches EchoStar satellite

Family.me Launches Family Tree App

socalTECH

Pasadena-based Family.me , which is developing a social, family tree application, has launched out of beta, saying that it is aiming to help families document and share their memories. Family.me said it is creating a free, private social network to help families discover, share, and preserve memories. Family.me READ MORE>>.

Zadara Storage Links With Tech Data For Channel Efforts

socalTECH

Irvine-based storage-as-a-service provider Zadara Storage said on Monday that it has inked an agreement with technology distributor Tech Data Corporation. According to Zadara, Tech Data will offer up its services to its channel partners worldwide, through its Avnet Cloud Marketplace. READ MORE>>.

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Los Angeles Cleantech Incubator Aims At Diversity, Inclusion With New Effort

socalTECH

The Los Angeles Cleantech Incubator (LACI), the nonprofit incubator which helps to support clean technology startups in Los Angeles, is making a push to increase diversity and inclusion in the cleantech sector, the incubator said Tuesday. plus $50,000 from the U.S. Small Business Administration (SBA). READ MORE>>.

Join David Baltimore, Nicole Glaros, Nathan Myhrvold, & More at Our Napa Summit

Xconomy

Year after year, Xconomy has gathered exemplary business leaders, investors, and far-seeing technologists to our most prestigious event— The Napa Summit. This year is no different. Come join us in the heart of wine country on June 8 and 9 to listen to visionary speakers and connect with fellow innovators.

Tax Reform and Choice of Business Entity

Xconomy

Choice of entity—how an entrepreneur decides to conduct the business—is a key decision with critical tax and non-tax implications.

Talking Driverless Cars, March Madness on Stocks and Jocks Radio

Xconomy

I hit the airwaves Friday morning to talk venture capital, startups, self-driving cars, and March Madness. Stocks and Jocks , a Chicago-based weekday business and sports talk radio program, invited me on the show to share my thoughts on some of the latest trends in the startup world. I also made some biased predictions about.

Murata Pays $68M for Arctic Sand, to Combine with Peregrine Semi

Xconomy

Japan’s Murata Manufacturing has acquired Arctic Sand Technologies of Burlington, MA, and plans to combine Arctic Sand’s low-power semiconductor technology with its San Diego-based subsidiary, Peregrine Semiconductor. The purchase price was $68 million, according to a Peregrine spokeswoman. Arctic Sand had raised a total of at least.

SoCal's Big New Crop Of Venture Investors And Funds

socalTECH

Are you an entrepreneur, looking for capital here in Southern California? Watertower Ventures. www.watertowerventures.com) Fund size: $5M. fika.vc.

Lightpost Digital Lands New Funding For Online Marketing Services

socalTECH

San Diego-based Lightpost Digital , a digital agency which provides online marketing services to local businesses, has raised a round of funding, the company disclosed this week. The funding came from Canal Partners and DWP Investments. The company is a spinout of Deal Current, and was founded in 2015. READ MORE>>.

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Cubic Wins $20M Navy Contract

socalTECH

San Diego-based Cubic Corporation reported on Wednesday that one of its divisions, Cubic Mission Solutions (CMS), has scored a contract worth more than $20M from the U.S. Cubic said the award goes towards the delivery of a portable common data link system for the U.S. Navy's Space and Naval Warfare Systems Command (SPAWAR). READ MORE>>.

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Pocketwatch Picks Up $6M For Kids Media Brand

socalTECH

Culver City-based Pocketwatch , a startup media brand focused on creating and acquiring content for kids, has raised $6M in a Series A funding round. The funding was led by Third Wave Digital, and also included Les Moonves (CBS ), Jon Landau (Avatar & Titanic), United Talent Agency (UTA), Robert Downey Jr. Chris M. READ MORE>>.

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Microsemi Shutters Chinese Factory

socalTECH

Aliso Viejo-based semiconductor developer Microsemi said on Tuesday that it has closed its manufacturing facility in China. According to the company, the "lower value" discrete devices which were manufactured at the facility are "not aligned" with its strategic direction. READ MORE>>. microsemi china factory shutdown closure semiconductor

Edlio Acquires Sangha, Raises $40M

socalTECH

Los Angeles-based educational content management software developer Edlio said late Tuesday that it has acquired Sangha , the developer of a personalized, mobile parent interaction app. Sangha Co-Founders Pavan Batchu, Srivatsan Srinivasan and Srikanth Thadakamalla have all joined Edlio as paret of the acquisition. READ MORE>>.

Green Commuter Launches Tesla Model X Vanpool Service

socalTECH

Los Angeles-based Green Commuter said on Tuesday that it has begun its vanpool operation in Los Angeles, using Tesla's Model-X 7 passenger SUVs. According to Green Commuter, it has begun leasing its fleet of Tesla Model X electric vehicles to vannpoolers, with a single vanpool between Palmdale and Valencia, and 86-mile round trip daily commute.

Purple Squirrel Raises $2.7M To Help You Network Your Way Into A Job

socalTECH

Venice, California-based Purple Squirrel , a new startup focused on helping people network with employees of existing companies in order to get an inside track on jobs, has raised $2.7M in a seed funding. The funding was led by CrossCut Ventures, and also included Greycroft, Arena Ventures, Luma Launch and 500 Startups. READ MORE>>.