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With the Los Angeles tech scene exploding, CrossCut Ventures raises $125 million to invest

TechCrunch LA

CrossCut Ventures, a Los Angeles-based seed investment firm has just closed its fourth (and largest) fund with $125 million in new cash. It’s been a long road for the firm’s three co-founders, who have been investing in Los Angeles since 1997.

Silicon Beach Report Dec. 8: Snapchat Gets Up To $1 Million a Day for Branded Augmented Reality

L.A. Business Journal

Snapchat gets up to $1 million a day for branded augmented reality; K1 invests $200 million in SecureAuth; and Disney adds tech execs to board

Trending Sources

Clora Reaps $3.3M to Speed Consultant Hunts by Life Sciences Companies

Xconomy

Rahul Chaturvedi worked for 16 years as a life sciences company executive, but he was also an avid consumer tech fan who chafed at the clunky enterprise apps used in his industry.

Tech Scenes: Andrew Blackmon of The Black Tux

socalTECH

Welcome to Tech Scenes where we explore what makes tech founders and the cities they live in thrive.

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Black Venture Capitalists Are Transforming Tech

Xconomy

Would it surprise you to know that there are more than 100 black venture capitalists or that this nationwide ecosystem is growing? Most of the VCs in this expanding ecosystem made pivots from highly successful careers in other fields.

Why Coachella Valley Is a Hub for Renewable Energy Startups

Tech.Co

Coachella Valley is referred to as the “Desert Empire” to differentiate it from the neighboring urbanized Inland Empire and the Imperial Valley. The Valley also houses desert resort cities of Palm Springs and Palm Desert and is the location for the infamous Coachella Music Festival.

SetPoint Medical Gets FDA Nod On Pilot Study

socalTECH

Valencia-based SetPoint Medical , which develops medical devices for treating chronic inflammatory disease, said it has received Investigational Device Exemption (IDE) approval from the U.S. Food & Drug Administration (FDA) for a human trial. The company said the trial will cover safety and efficacy of its devices to treat Rheumatoid Arthritis. The company said the human trial will include a total of 15 subjects, aged 22 to 75. SetPoint's devices are implanted in the vagus nerve.

Education technology meets its limits

TechCrunch LA

This week has been a good one for those who like to talk about the limits of technology. Over in the UK, a prankster managed to fool Trip Advisor into naming his shed the #1 ranked restaurant in London. Meanwhile, in Los Angeles, a city struggling to manage several wind-fueled wildfires, the L.A.P.D.

Silicon Beach Dec. 7: Fandom Site Movie Pilot Acquired by France’s Webedia Digital Media Group

L.A. Business Journal

Fandom site Movie Pilot acquired by France’s Webedia Digital Media Group, LAPD warns drivers navigation apps may steer towards fires and Boeing CEO Says ‘We will beat SpaceX to Mars

Dynavax Co-founder Takes Long View on Vaccine Development

Xconomy

The reaction on Wall Street was a little anticlimactic after the FDA approved a new hepatitis B vaccine last month for Berkeley, CA-based Dynavax Technologies (NASDAQ: DVAX ). Many investors sold stock on the news. In the days following the company’s Nov.

News 25

AIMed

SoCal Tech Calendar

Thursday, December 14, 2017 -- AIMed: Artificial Intelligence In Medicine. Event on AI in medicine and healthcare. See [link] (more

2

Taoglas Expands In China

socalTECH

San Diego-based antenna developer Taoglas said this morning that it is expanding in China, and has opened up a new office in Shenzhen, Guangdong Province, China. Acording to Taoglas, the new office will have full RF design and testing facilities, and will support wireless and IoT manufacturers in the region. The new office will be led by VP of Sales Lawrence Lin, who previously as VP of Marketing and Sales at Laxcen, and also has served at Analog Devices and Atmel.

An experienced coach has seen your movie before.

Berkonomics

Business coaches come in all sizes and shapes. Entrepreneurs will have a relative willing to devote time, a school friend with business experience, professionals who charge for the service, investors with a reason to promote your success and more. Photo courtesy IBM Business Coaching.

Silicon Beach Report Dec. 6: CrossCut Ventures Raises $125 Million

L.A. Business Journal

CrossCut Ventures raises $125 million, Prevoty secures $13 million in Series B round led by Trident Capital Cybersecurity and would Disney, with control of Hulu and Fox Studios, have formula for a Netflix killer

15 For ’18: Key Clinical Data to Watch For Next Year (Part 1)

Xconomy

Many of biotech’s biggest stories in 2017 followed the highly anticipated data from clinical studies. There were monumental successes, like the first-ever approval of a genetically modified living cell therapy , the first FDA application for a gene therapy or a medicine using RNA interference. There were also stinging failures, such as the latest in a long line of hyped Alzheimer’s disease drugs to fall flat.

Study 18

AIMed

SoCal Tech Calendar

Wednesday, December 13, 2017 -- AIMed: Artificial Intelligence In Medicine. Event on AI in medicine and healthcare. See [link] (more

2

Amgen Gives $500,000 For Wildfire Relief

socalTECH

Thousand Oaks-based biotech giant Amgen said this morning that it is donating $500,000 to relief efforts for the Southern California wildfires. According to Amgen, $200,000 of that funding will go to the United Way of Ventura County, for immediate relief efforts; in addition, $300,000 more will go to support victims of the Southern California wildfires. The funds come from Amgen's nonprofit arm, the Amgen Foundation.

Case’s $150M Rise of the Rest Fund Aims to Boost Flyover Startups

Xconomy

Author, investor, and AOL co-founder Steve Case today announced a new $150 million venture fund aimed at pumping investment capital into tech companies in so-called flyover states. Contributing to the fund is an impressive group of some of the most successful entrepreneurs in the country. Called the Rise of the Rest Seed Fund , it will be overseen by Case and Hillbilly Elegy author J.D. Vance, who joined Case’s VC firm, Revolution, earlier this year.

What Are the Nation’s Top Cities and Regions for Driverless Tech?

Xconomy

View the Slideshow Whether you think self-driving cars are the stuff of science fiction or a potentially paradigm-shifting new form of transportation, autonomous vehicles are coming—and the companies developing them are spending big money to make it happen. A few years ago, industry analysts seemed to think Silicon Valley would win the race to get self-driving cars on the road—and plenty of tech giants are involved in their development, including Apple, Google, Uber, Tesla, and Intel.

15 For ’18: Key Clinical Data to Watch For Next Year (Part 2)

Xconomy

On Monday we posted the first part of our look at what should be some of 2018’s most important clinical data , including trials for lung cancer, heart disease, melanoma, Alzheimer’s disease, rare blood disorders, and more. With part two, we’re previewing studies for migraine, brain cancer, lymphoma, peanut allergy, schizophrenia, the rare Hunter syndrome, and the flu. [ Ben Fidler, Corie Lok, and Frank Vinluan contributed to this report.]

Bio Roundup: Trials to Watch, Mega Deals, Video Game Therapy & More

Xconomy

With 2018 around the corner, this was a week to look ahead. At Xconomy, we zeroed in on several clinical trials that could become major stories in the life sciences. Other healthcare milestones are on the way, too. The FDA will consider for the first time whether a video game should be approved as medicine. The agency could also give its first nod for a gene therapy. We could see the first clinical trial by a U.S. company for a CRISPR-Cas9 gene editing treatment.

The ‘Amazon Effect’ and the Gender Wage Gap

Xconomy

The battle to land Amazon’s second home is shaping up to be one of the fiercest competitions to lure a corporate headquarters in modern history. From serious incentives like massive tax breaks to headline grabbing stunts like offers of bear wrestling and giant cacti, it’s safe to say cities are pulling out every stop imaginable to attract the online retailer. Nearly 240 cities in all but 7 states nationwide have set forth the bids for Amazon’s HQ2, and it’s no wonder why.

Interview with Scott Cannon, CEO of BigRentz

socalTECH

Our interview this morning is with Scott Cannon , the CEO of BigRentz (www.bigrentz.com), which is creating an online marketplace for big equipment--an industry known notoriously as not adopting new technology. Scott tells us how the company--backed by St. Cloud Capital--has managed to coax those equipment rental yards into the digital age, and how the company has tackled other challenges in focusing its business. BigRentz is based in Irvine. What is BigRentz?

Crosscut Ventures Backs Fuzzy Pet Health

socalTECH

Los Angeles-based Crosscut Ventures --fresh off the announcement of a new, $125M venture capital fund --is one of the lead investors in Fuzzy Pet Health , a subscription-based pet healthcare startup. According to Fuzzy pet health, it raised $4.5M in its seed round, which was co-led by Eniac Ventures and Crosscut Ventures, with participation from Precursor Ventures, SV Angel, Accelerator and FJ Labs.

AT&T Boosts Cell Coverage In Thomas Fire Areas, Offers Unlimited Data, Text

socalTECH

AT&T says it has deployed two portable cell phone sites in the affected area of the Thomas Fire, one at Thomas Aquinas College and another on Johnson Road, as part of its response to the wildfires. The company also said that wireless customers in the affected areas will get credits for unlimited data and text from December 7th until December 11th.

SecureAuth Raises $200M

socalTECH

El Segundo-based SecureAuth , a developer of identity management tools, has raised $200M in a funding round from private equity investor K1 Investment Management. K1 said the investment comes as part of a merger with Core Security , a provider of vulnerability discovery, identity governance and threat management software. K1 said the merger is pending regulatory approval from the U.S. Federal government. Core Security is based in Roswell, Georgia. READ MORE>>.

Verizon Provides Unlimited Text, Data For SoCal Wildfire Areas

socalTECH

Wireless carrier Verizon said on Thursday it is offering up free unlimited talk, text, and data for customers currently in specific zipcodes affected by the rash of wind-driven wildfires in Southern California. According to the carrier, the free unlimited talk, text, and data only runs from December 7th through December 10th, and only applies to customers in zip codes covering Sylmar, Sunland, Tujunga, La Canada Flintridge, Santa Paula, Ventura, Oak View, and Ojai.

LeadsMarket.com Donates $10,000 To Hurricane Ravaged St. Croix

socalTECH

Los Angeles-based LeadsMarket.com , a technology company which operates an online platform for buying and selling leads, calls, and clicks for consumer financial products, said it has donated $10,000 to benefit the island of St. Croix and the Virgin Islands, which was devastated by Hurricane Irma in September. According to LeadsMarket, the donation went to the Cane Bay Cares Initiative, which provides direct relief to Cane Bay Partner's employees and to the citizens of St.