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RA Medical Systems Files For $86.25M IPO

socalTECH

Carlsbad-based RA Medical Systems , which develops cardiovascular and dermatology catheters and excimer lasers, has filed for an IPO, saying that it is looking to raise up to $86.25M in an IPO on the New York Stock Exchange. The reported a net loss of $17.765M on net revenues of $5.87M for its year ended December 31, 2017.

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OpenX Revenues Rise To $172M

socalTECH

Los Angeles-based advertising exchange and technology developer OpenX said on Tuesday that its net revenues rose to $172M in 2017, as it saw 20 percent growth in its revenues for the fourth quarter. The company said it invested over $50M in R&D efforts towards its technology an product in 2017. READ MORE>>.

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Wazee Digital Acquired By Veritone

socalTECH

Veritone is a developer of artificial intelligence software used to analyze audio, video and other data sources. Wazee Digital had net revenues of over $19M in 2017, according to the companies. Veritone said it paid $15.0M for Wazee Digital, split between $7.5M in cash and $7.5M in Veritone common stock.

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Sonos Files For IPO

socalTECH

Santa Barbara-based Sonos , which develops very easy to use, connected whole-home speaker systems, has filed for an IPO, saying in a filing on Friday that it is looking to raise up to $100M in an offering on the Nasdaq Global Select Market. The company had a net loss of $14.2M The company has applied to list as SONO.