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DDN Reports $400M In Revenues In 2020

socalTECH

Chatsworth-based DDN, which develops high performance computing storage and artificial intelligence and data management software, says it had record breaking annual revenues of $400M and "highest ever profitability" in 2020. The company said it saw 52 percent revenue growth from 2018 to 2020.

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Report: Strong Q1 2020 In Venture Capital, But Downturn Expected

socalTECH

The National Venture Capital Association (NVCA) says that Q1 2020 venture capital investments had a "strong showing" in Q1, however, it expects that the impending economic downturn due to the COVID-19 pandemic will slow activity through the rest of the year. According to the NVCA, and its PitchBook-NVCA Venture Monitor, there was $34.2

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Snap Releases Diversity Report

socalTECH

Venice, California-based Snap , the parent company of Snapchat , has released its annual diversity report , showing that the company--like the rest of Silicon Valley--continues to struggle to build a diverse workforce. The company reported in its Diversity Annual Report 2020 that 51.1 percent white; 33.3 percent Asian, 6.8

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Cameo Hits $100M In Transactions, Says Report

socalTECH

Los Angeles-based Cameo, which allows anyone to pay their favorite celebrities, athletes, actors, and many others to record personalized messages to them, had roughly $100M in transactions in 2020, according to a report, and has reached 200 employees. million videos in 2020. The company said sold 1.3

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Why 2020 Is Pivotal for Microbiome Drug R&D (Or Maybe 2021, Given COVID-19)

Xconomy

Given the number of late-stage and mid-stage studies expected to report data in 2020—assuming they stay on track amid the COVID-19 pandemic—this could be a pivotal year for the field, said Isabelle de Cremoux, CEO and managing partner of Seventure Partners.

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Report: Snapchat, NBC Team On 2020 Olympic Summer Games Coverage

socalTECH

Los Angeles-based Snap , the parent company of Snapchat , has inked a deal with NBC where NBC will produce four, daily original shows on the Olympics and Team USA for Snapchat, according to Variety. Financial details of the deal were not announced. The two previously had agreements to cover both the 2018 Winter Olympics and 2016 Summer Olympics.

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London and SF have become Impact Tech hubs, with 280% increase in VC in 5 years

TechCrunch LA

Tech solutions for such pressing issues as the climate crisis and social inequality have seen a 280% increase in global VC investment from 2015 to 2020, while investment in this space more than doubled in both cities over the past five years. 2020 is set to be a record year for London’s impact tech companies, which have received $1.2