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TeleSign Acquired By BICS For $230M

socalTECH

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.

Press 74

Silicon Beach Report April 20: L.A. Seed Funding Falls Sharply in First Quarter

L.A. Business Journal

seed funding falls sharply in first quarter, Brian Lee and Ron Burkle-backed medical apparel Startup Jaanuu raises $5 million from retail execs, and Nasty Gal founder Sophia Amoruso’s dramatic biopic releases Friday on Netflix

This Student Talked His Way Into Google Through Courageous Networking

InfoChachkie

A version of this article previously appeared in Forbes. Andrew Fuller (left) and Jonas Bolduan I encourage my UC Santa Barbara entrepreneurial students to err […]. The post This Student Talked His Way Into Google Through Courageous Networking appeared first on John Greathouse

Want to Communicate Your Science? First, Step Back

Xconomy

Think for a moment about the words and phrases that life science researchers and executives use on a daily basis. I’m talking about the seemingly simple phrases like “investigational drug,” “novel target,” “immunotherapy,” “clinical trial,” “in vitro,” and “therapeutic window.”

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How MakeSpace Recently Closed $30 million in New Funding

Both Sides of the Table

Just over a year ago I wrote about how MakeSpace had raised $17.5 million in capital to build out its operations in 4 cities: New York City , Los Angeles , Chicago and Washington D.C.

The Xconomy Roadmap: Top 15 Innovation Areas to Watch (and Disrupt)

Xconomy

View the Slideshow It is a time of great transitions in the technology and business world. Key advances in areas like machine intelligence, agriculture, and healthcare seem poised to transform society—and everyday life.

News 32

Radix Collective Independent PR Summit

SoCal Tech Calendar

Thursday, April 27, 2017 -- Radix Collective Independent PR Summit. The Radix Collective Independent PR Summit is a one-day business conference created by independents for independents who want to grow their business and network with peers. Whether you call yourself freelance PR, a consultant, or have a solo-agency, the PR Summit features business topics at the core of importance to any Independent PR Pro.

Science 37 Gets $29M To Extend Clinical Trials To Patient Homes

socalTECH

Playa Vista-based Science 37 , which is developing technology and a model that allows pharmaceuticals companies and others to conduct clinical trials in patients' homes--rather than dedicated, off-site facilities--has raised $29M in a Series C funding round. The round was led by Glynn Capital Management, and also included GV (formerly Google Ventures), plus Amgen Ventures, Lux Capital, Redmile Group, dRx Capital (a Qualcomm and Novartis joint investment company), and Sanofi Ventures.

L.A. Seed Funding Falls Sharply in First Quarter

L.A. Business Journal

While venture capital investment in L.A. startups rose slightly in the first quarter of 2017, seed-stage investments went in the other direction

Could you be the next Ford, Jobs or Musk?

Berkonomics

Well, it’s a fair question. Note that none of these three famous innovators were inventors like Thomas Edison, but visionaries who find a new marketplace or niche – or how to reach the mass market in new ways.

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.

Growth Capital Conference

SoCal Tech Calendar

Thursday, April 27, 2017 -- Growth Capital Conference. Network with capital sources, advisors, deal makers and 100 entrepreneurs seeking capital and counsel. DEAL DISPLAYtm showcases growing firms needing capital. View products, online demos. Hot Networking Breakfast at 7:00 AM sharp! See [link] (more

Caltech, UCLA, UCSD Rank Highly On Tech Transfer Ranking

socalTECH

The California Insitute of Technology (Caltech), the University of California, Los Angeles (UCLA), and the University of San Diego (UCSD) have all ranked very highly on a new ranking of universities for their technology transfer efforts, issued by The Milken Insitute , the Santa Monica-based thinktank.

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Silicon Beach Report April 19: Analyst Says Facebook Monopoly Crushing Competitors Such as Snapchat

L.A. Business Journal

Analyst says Facebook monopoly crushing competitors such as Snapchat, Hyperloop One delays testing of pod, and Jam City launches bubble shooter game based on ‘Peanuts

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

socalTECH

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.

Email 30

Phoenix Shops Its Cancer Drug as Potential Alzheimer’s Treatment

Xconomy

San Antonio — George Perry, a scientist at the University of Texas at San Antonio, has long proposed that drug developers and researchers need to look earlier into the roots of Alzheimer’s disease.

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.”

Sales 17

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

Bio Roundup: Spinraza Woes, Science March, Baseline Launch & More

Xconomy

Rumblings of a new Obamacare replacement surfaced this week, while scientists and their supporters prepared for Saturday’s—a.k.a. Earth Day’s—nationwide Marches for Science.

Study 13

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

“Our Son’s Fate”: Parents Fighting for Kids’ Spine Drug Eye New Data

Xconomy

Melissa Marotta pulled no punches to get her three-year-old son C.J., who has the genetic disease spinal muscular atrophy, access to nusinersen (Spinraza), the first approved drug for his condition. For months, she couldn’t schedule a treatment date at Columbia University Medical Center/New York-Presbyterian Morgan Stanley Children’s Hospital, and for much of that time, she didn’t know why. She wrote every day to the hospital board until a breakthrough came.

Silicon Beach Report April 21: Snap Inc. Acquires GeoFilter Patent from Mobi for $7.7 Million

L.A. Business Journal

Snap Inc. acquires geofilter patent from Mobi for $7.7 Million, Hyperloop One’s Chief Marketing Officer Kimberly Salzer leaves for Ozobot, and CalTech, UCLA ranked top universities for technology transfer

AmplifyLA: Dramatic Drop In Seed Funding In LA In Q1

socalTECH

Venice, California-based startup accelerator Amplify.LA reports that seed funding in Q1 of 2017 dropped precipitously, falling 42.2 percent from Q4 of 2016, and 43.8 percent, Year-over-Year. According to AmplifyLA , the number of seed deals dropped to 27 in the quarter, down from 32 from Q4, and--making a grim quarter even worse--the average seed size declined to only $1.9M raised, from $2.8M in the prior quarter.

Request Your Invitation to Xconomy’s Elite Napa Summit June 8-9

Xconomy

Nobel Laureate David Baltimore. Microbiome AND supercomputer pioneer Larry Smarr. Intellectual Ventures’ Nathan Myhrvold. Nicole Glaros of Techstars. These are just a few of the visionary speakers who will be headlining Xconomy’s sixth annual Napa Summit.

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.

Rubicon Project Powers Digital Jukebox Advertising Marketplace

socalTECH

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>>.

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>>.

Pledgeling Launches Apple Pay Support

socalTECH

Los Angeles-based Pledgeling , which develops software-as-a-service to help brands raise money for nonprofits, said on Tuesday that it has launched support for Apple Pay, Apple's mobile payment service. Pledgeling said it is the first, US-based social enterprise and third-party platform approved by Apple to accept donations via Apple Pay. Pledgeling said it launched its Apple Pay support at a fundraiser for the American Red Cross Los Angles.

Trump Executive Order Adds Uncertainty to Tech Visa Program

Xconomy

Is the U.S. high-skilled visa program, known as H-1B, an essential contributor to the innovation economy or a way for companies to replace American IT workers with immigrants at lower salaries? It’s a debate as old as the program itself, which began in 1990. The Trump administration on Tuesday joined the fray with a long-anticipated executive order that provides little insight into how the H-1B visa program would be reformed, or when.

MomentFeed Links With Snapchat

socalTECH

Los Angeles-based MomentFeed , which develops social marketing software to help multi-location, retail brands better manage the information about their local stores, has linked up with Snapchat's partner program, according to the company. Snapchat said that MomentFeed is now one a number of "Snapchat Partners", which lets MomomentFeed's customers execute targeted, location-based paid advertising campaigns using Snap Ads and Geofilters.

Heron Therapeutics Names CFO

socalTECH

San Diego-based Heron Therpaeutics , a biotechnology firm developing treatments for pain, has named Robert E. Hoffman as its Chief Financial Officer and Senior, Vice President, Finance. Hoffman was recently serving as EVP and CFO of Innovus Pharmaceuticals for the last eight months, and also was recently CFO of AnaptysBio. Hoffman also has been at Arena Pharmaceuticals and Polaris Group, and is on the board of CombiMatrix, Kura Oncology, and MabVax Therapeutic Holdings. READ MORE>>.

Newegg Links With Chinese Payment Service PingPong

socalTECH

Los Angeles-based online electronics retailer Newegg said this morning that it has linked with PingPong , a provider of secure payment services for Chinese sellers, to help make it easier for its Chinese sellers to collect payments from customers. Financial details of the link were not announced. The two said that PingPong's payment service helps Chinese sellers overcome the challenges of cross-border online sales. READ MORE>>.