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Silicon Beach Report April 28: Musk Reveals Multistoried Tunnel System Concept in Video

L.A. Business Journal

Musk reveals multistoried tunnel system concept in video, Virgin Galactic’s Richard Branson noncommittal on SpaceShipTwo launch dates, and blue collar online job marketplace Work Today raises $1.1 million

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TeleSign Acquired By BICS For $230M

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Los Angeles-based TeleSign , which uses phone calls and related information for mobile identity management, authentication, and other cloud services, has been acquired by Brussels-based BICS , in a deal worth $230M in cash plus unspecified earnout. BICS said that TeleSign has annual revenues of around $100M. As part of the deal, BICS said that TeleSign will continue to operate independently as a wholly-owned subsidiary of the company, led by current CEO Aled Miles.

Getting Your Head in the Game for Fund Raising

Both Sides of the Table

When you run a startup you’re always on borrowed time. You have cash in the bank, a monthly burn rate and a “cash out” date that few in the company truly comprehend.

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Belgium Telecom Company BICS to Buy TeleSign for $230 Million.

L.A. Business Journal

TeleSign Corp. of Marina del Rey, a developer of user authentication software, announced on Tuesday that it had agreed to be acquired for $230 million in cash by telecommunications company BICS of Belgium

While You Were Sleeping: ResMed Builds an Empire in the Cloud

Xconomy

Over the past 28 years or so, ResMed (NYSE: RMD ) has built an empire around its respiratory devices for managing sleep apnea and other forms of “sleep-disordered breathing.”

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Becton Dickinson Aims Beyond Diabetes with $24B Bard Deal

Xconomy

In a medical technology merger with implications for the healthcare sector in the United States and beyond, Becton Dickinson is acquiring C.R. Bard for $24 billion to tap into the growing markets for products used in treating vascular conditions and cancer.

Have you set your life and business goals?

Berkonomics

We’ve spent several weeks discussing your vision for success, and whether you could be the next Ford, Jobs or Musk. Now it’s time to make this more tangible, more real – by attaching personal goals to this vision we’ve created together for you.

Del Mar Electronics and Manufacturing Show

SoCal Tech Calendar

Thursday, May 4, 2017 -- Del Mar Electronics and Manufacturing Show. See [link] (more

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New App, JobFlare, Looks To Sharpen Your Brain--And Maybe Get You A Job

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A new app, JobFlare , developed by Los Angeles-based Criteria Corp. , is hoping to tap into the enthusiasm of consumers for games--which just might attract employers. According to Criteria, which has been offering up pre-employment testing services to employers since 2006, its new cam allows job seekers to play a set of six, 90-second brain games, which it says are "scientifically crafted" to test key talents and cognitive abilities.

Elon Musk’s Boring Co. Machine Revealed in Picture

L.A. Business Journal

Elon Musk’s budding tunneling company, Boring Co., showed signs of progress on Thursday as an employee posted an image of what appears to be the company’s first boring machine

Will New Data Open “Bottlenecks” For Biogen’s Pricey Spine Drug?

Xconomy

Four months after its drug nusinersen (Spinraza) became the first ever approved to treat the rare genetic disease spinal muscular atrophy, Biogen (NASDAQ: BIIB ) released study results Tuesday that could help more patients gain access to the expensive drug.

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Musk Reveals Multistoried Tunnel System Concept in Video

L.A. Business Journal

Elon Musk revealed a conceptual video of a multistoried tunnel system under the city of Los Angeles, which he aims to build with his startup Boring Co., at a TED conference in Vancouver, Canada, on Friday

Silicon Beach Report April 26: Chris Sacca Retires from Startup Investing

L.A. Business Journal

Chris Sacca retires from startup investing, Breitbart struggles to define its media role in Trump Era, and Global Eagle CEO says fraud or misconduct not responsible for exec departures and accounting issues

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Rubicon Project Powers Digital Jukebox Advertising Marketplace

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Los Angeles-based Rubicon Project is applying its programmatic advertising technology to digital jukeboxes, in a deal with connected, digital jukebox developer TouchTunes. According to the two, TouchTunes' "out-of-home" audience will be made available programmatically in a real-time buying marketplace powered by Rubicon's technology. The comapnies said TouchTunes has a reach and monthly audience of over 38 million unique visitors. READ MORE>>.

Bio Roundup: Trumpcare Flails, Spinraza Sales, Batten OK & More

Xconomy

To judge the first 100 days of a new administration is, as many pundits have pointed out, an odd vestige of history, more convenient than significant. Which is why we’ll start this week’s roundup with our 99-day evaluation of the Trump administration—at least when it comes to healthcare and the life sciences. In healthcare, nothing the administration has done is starker than its failure so far to repeal and replace the Affordable Care Act, a.k.a.

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Silicon Beach Report April 27: Elon Musk’s Boring Co. Machine Revealed

L.A. Business Journal

Elon Musk’s Boring Co. machine revealed, SpaceX launches top-secret satellite for National Reconnaissance Office, and mobile-phone tracking startup Sense360 raises $7 million

Silicon Beach Report April 25: Belgium Telecom Company BICS to Buy TeleSign for $230 Million

L.A. Business Journal

Belgium telecommunications company BICS to buy TeleSign for $230 million, in-home clinical trial software startup Science 37 raises $29 million, and Soylent recalls powder after accidental mixing with whey

Silicon Beach Report April 24: Upfront Ventures Joins Jeff Skoll, Paul Allen Investing Arms in $119M Sale of TrueCar Shares

L.A. Business Journal

Upfront Ventures Joins Jeff Skoll, Paul Allen Investing Arms in $119M Sale of TrueCar Shares, Disney says more than 160 stations signed up for its clearinghouse, and The New York Times launches content and crossword puzzle on Snapchat

Precellerator Names Sixth Class

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Santa Monica-based The Preccelerator Program , which is run by Stubbs Alderton & Markiles, LLP, has announced its sixth class, saying it has added five startups to its startup accelerator program. The accelerator said it has added Animate Objects (AR/VR technology); RentSpree (apartment rental applications); Tapp That App (mobile app discovery); Ca$het (product placement in TV shows and movies); and Swoppit (social marketplace for fashion) to the program.

Forge Therapeutics Raises $15M to Take on Drug-Resistant Superbugs

Xconomy

One reason that drug-resistant “superbugs” are a growing healthcare problem is the hardiness of gram-negative bacteria, a type of bacteria whose characteristics render many antibiotics ineffective.

SpaceX Planning Launch, And Landing, On Sunday Morning

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Hawthorne, California-based rocket developer SpaceX said on Thursday afternoon that it is planning both a launch, and a landing, from and to Kennedy Space Center this Sunday, April 30th. To pace the NROL-76 mission into space. The mission--a classified mission for the United States National Reconaissance Office (NRO)--has a two hour launch window opening at 7:00 a.m.

General Assembly Branches Out Into Coworking

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Los Angeles-based General Assembly , best known for its roster of classes on all aspects of startup and technology, is launching a new effort to let people rent coworking space at its facilities. General Assembly said, starting on May 1st, it will let members of LA's tech community pay for membership, getting access to a private desk with 24/7 access, as well as access to its campus lounges, conference rooms, open workspaces, communal tables, and kitchens.

Chris Sacca Retires from Startup Investing

L.A. Business Journal

Prominent seed-stage startup investor Chris Sacca announced in a blog post titled “Hanging up my spurs” on Wednesday that he has retired from venture capital investing

Qualcomm Signs Patent License With Firm In India

socalTECH

San Diego-based Qualcomm announced on Sunday that it has signed a 3G and 4G patent license agreement with Smartron India Private Limited , which will allow Smartron to develop, manufacture and sell WCDMA, CDMA2000, and 4G LTE devices. Financial details of the patent deal were not announced. The two also said they will "strategically collaborate" on early technology access and advancements in RF, camera testing and tuning and other critical calibrations required for smart devices.

Neural Analytics Expands In Europe

socalTECH

Los Angeles-based medical device developer Neural Analytics , which makes a medical device used to track and measure brain health, has opened up a new office in Hamburg, Germany. The company said it the new office will help it provide its technology to European clinicians and patients. Lucid's ultrasound system is designed for measuring and displaying cerebral blood flow velocities and monitoring of patients with brain disorders. READ MORE>>.

Gottlieb’s FDA Nomination Gets Committee Nod, Advances to Senate

Xconomy

Scott Gottlieb’s nomination to the top post of the FDA is on its way to the full U.S. Senate. The Senate Health, Education, Labor & Pensions Committee voted 14-9 on Thursday to approve Gottlieb’s nomination to become FDA commissioner.

Work Today Finds $1.1M For Labor Marketplace

socalTECH

Santa Monica-based Work Today , a startup that has launched an online, labor marketplace targeted at blue collar workers, has raised $1.1M in a seed funding round, the company is announcing this morning. The funding came from Mucker Capital, Social Capital, Hone Capital (formerly CSC Venture Capital), E-Merge, and GAN Ventures. Work Today is led by Joe Nigro, who previously had been at HomeHero and Handy. According to Work Today, it is emerging from beta mode with the announcement of the funding.

Mashable: Soylent Needs A Rebrand, Fast

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Los Angeles-based Soylent , which is developing alternative nutrition products aimed at eliminating the need to eat normal food--and which is a favorite of techies and gamers-- is in need of a rebrand , according to Mashable. The call for a rebrand comes as the company faces yet another recall on its products, this one a major safety recall involving accidental inclusion of whey in what should be a dairy-free product--a potentially life threatening issue for those allergic to dairy products.

Epic Sciences Raises $40M In Series D Funding

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San Diego-based Epic Sciences has raised $40M in a Series D funding, for its cancer testing technology, the company announced Friday morning. According to Epic Sciences, the funding was led by Hermed Capital, and also included Altos Capital Partners, Domain Associates, Genomic Health, Pagoda Investment, Reach Tone Limited, RMI Partners, Sabby Capital and VI Ventures. Epic sciences is developing blood-based tests which help predict drug response in cancer.

Qualcomm Expects Hit In Earnings From Issues With Apple

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San Diego-based Qualcomm says that Apple is continuing to "improperly interfere" with its business, saying that Apple has been withholding payments to its contract manufacturers for royalties those manufacturers owe to Qualcomm, and has indicated that it will continue to do so until it resolves its dispute with Qualcomm. As a result of that action, Qualcomm revised its Q3 FY17 Estimates down from an earlier $5.3 billion to $6.1 billion in revenues, to a new estimate of $4.8 billion to $5.6

LA CEOs presents: Drones ? Today, Tomorrow, The Future

SoCal Tech Calendar

Thursday, May 4, 2017 -- LA CEOs presents: Drones – Today, Tomorrow, The Future. This CEO and CFO only breakfast will focus on Drones and led by Dan Burton Founder and CEO of DroneBase, the world's leading drone services company with 15,000+ commercial drone flights in over 40 countries. Dan was an early user of military and commercial drone systems, serving as a Marine Infantry Officer in Iraq and Afghanistan and building / piloting commercial drones starting in 2012.

Developing International Relationships into Business Advantages

SoCal Tech Calendar

Tuesday, May 2, 2017 -- Developing International Relationships into Business Advantages. CONNECT. The world is becoming ever more closely connected and smart companies are building international relationships to take their business further, faster. Mexico and San Diego have built a strong, synergistic partnership based on proximity, shared goals to build a better economy, and building complementary assets. Manufacturing resources and sourcing development talents are just the beginning.

ChromaCode Finds $12M For Molecular Diagnostics Efforts

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Carlsbad-based ChromaCode , a developer of molecular diagnostics technology, announced on Thursday that it has raised $12M in a Series B funding round. The funding was led by New Enterprise Associates (NEA), and also included Domain Associates and Okapi Ventures. ChromaCode says its software and assay technology leverages existing real-time PCR instruments and uses digital signal processing to dramatically improve molecular analysis. Alex Dickson, Ph.D.,

New Esri Map Shows How The Earth At Night Has Changed

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Redland-based geographical information systems (GIS) software developer Esri has released a new set of data using its ArcGIS software, which shows how the Earth has changed over the last four years, based on satellite images captured at night. Esri said its new map, Lights on Lights Out lets people compare where human beings have been moving based on where there are, or aren't, lights visible from the sky.