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PayPal Completes $4 Billion Acquisition Of Honey

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San Jose-based PayPal Holdings said this morning that it has completed its $4 billion cash acquisition of Los Angeles-based Honey , the developer of a browser plug-in that helps consumers find the best coupons for purchases when they are shopping online. According to PayPal, the deal will "transform the shopping experience for PayPal's consumers while increasing sales and customer engagement for its merchants."

Homebound Gets $35M More For Home Rebuilding

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Homebound , a startup which rebuilds homes after disasters--and which has offices in Malibu--has raised $35M in a Series B funding, the company disclosed this week, bringing its total raised to $53M. The startup--which is split between Santa Rosa, California and Malibu, California--said the Series B was led by Los Angeles-based Fifth Wall Ventures, and also included Khosla Ventures, Google Ventures, Ashton Kutcher, and Thrive Capital.

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Skyview Capital Buys Fidelis Cybersecurity

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Los Angeles-based private equity investor Skyview Capital has acquired cybersecurity software developer Fidelis Cybersecurity a provider of network traffic analysis, digital forensics, and incident response software, the company said late Thursday. Financial terms of the stock transaction were not announced. Skyview Capital says that Fidelis has over 250 employees. Fidelity Cybersecurity is based in Bethesda, MD.

Cornerstone OnDemand Acquires Clustree

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Santa Monica-based Cornerstone OnDemand. announced on Thursday that it has acquired Clustree , a developer of artificial intelligence software that uses machine learning and algorithms to match an organization's employees' skills with specific job roles. Cornerstone OnDemand said it agreed to paid approximately $18.5M in cash for Clustree, which is based in France. Clustree's customers included Carrefour and SNCF.

SpaceX's Elon Musk: One Million People To Mars By 2050

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Elon Musk , the founder of SpaceX and Tesla Motors , says the goal of all of the spacecraft development at SpaceX is to send one million people to Mars by 2050. Saying that "there will be lots of jobs on Mars", Musk said he wants to load up a fleet of SpaceX Starships into Earth Orbit, sending nearly 1,000 ships at a time over 30 days every 26 months to the Red Planet, "Battlestar Galactica" style. Musk said his goal of making life interplanetary is " why I'm accumulating assets on Earth."

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FabFitFun Names Chief Marketing Officer

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Los Angeles-based FabFitFun , which offers up a seasonal "box" with a collection of products in the beauty, fashion, fitness, wellness, home, and tech areas, has named its very first Chief Marketing Officer. The company said that that Louisa Wee has joined the company to help oversee strategy and execution of the company's marketing initiatives, plus brand, content and creative programming.

Wavemaker Three-Sixty Health Completes Fundraising Efforts

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Pasadena-based Wavemaker Three-Sixty Health , the seed-stage healthcare investment fund run by John Nackel, Jay Goss, Eric Marton and Kwame Ulmer, says it had the sixth and final close on its fund on December 31st. The firm said it now has more than 80 Limited Partners in the fund, with the majority being senior level healthcare executives across the US healthcare system.

Factual Rolls Out New Data Product

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Los Angeles-based location data provider Factual rolled out a new product, Data Enrichment , which the company said allows businesses to "enrich first-party customer data" with its own, real-world visitation data. According to Factual, the product will help businesses to better understand their customers, and to improve audience modeling based on real-world behavior. Pricing on the new product was not announced.

Tyra Biosciences Takes $50M For Oncology Drugs

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Carlsbad-based Tyra Biosciences , a new startup developing therapies targeting acquires resistance in oncology, has raised $50M in its Series A funding, the company said last week. The round was o-led by Alta Partners, RA Capital Management, Boxer Capital of Tavistock Group, and Canaan. The company said it is aiming to develop very specific compounds targeting drug resistant cancer cells and populations.

Emburse Swallows Up Chrome River, Launches New Unified Company

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A new, Los Angeles-based company, Emburse , launched today, out of the acquisition of six different expense and accounts payable (AP) automation companies, including LA-based Chrome River. Emburse said this morning that it has created a single, unified entity, emcompassing companies Abacus, Captio, Certify, Chrome River, Nexonia, and Tallie. All of those companies had provided some aspect of expense management. Chrome River acquired Emburse back in July of 2019.

March Capital Partners Leads $32M Investment In ActionIQ

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Los Angeles-based March Capital Partners is the lead investor in a big, $32M funding round for ActionIQ , a startup which provides personalization software to enterprise customers. ActionIQ said this week that it raised $32M in its Series C funding, which was led by March Capital Partners, and also included Sequoia Capital, Andreessen Horowitz, and FirstMark Capital. As part of the funding, March Capital's Meredith Finn, a Partner at the firm, will join ActionIQ's board.

How TuesdayNights is Helping Women Entrepreneurs Connect With Capital

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Raising capital for a female-led startup can be very diffiult--which is what Justine Lassoff and Melinda Moore found out when they started their own company, LovingEco, in Los Angeles. So, to help other female entrepreneurs, they founded TuesdayNights (www.tuesdaynights.org), a group in LA which helps female entrepreneurs connect with capital and each other to improve their access to capital.

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Alexa Can Now Order You A Chipotle Burrito

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Newport Beach-based fast food chain Chipotle is making it easier for you to order its burritos and other items, through a new link into Amazon Alexa , the company said on Thursday. Chipotle said that it has launched a Chpotle skill for Alexa, which allows its members to reoder their favorite meals for either delivery or pickup. According to Chipotle, users can download Amazon Alexa and enable the Chipotle skill, and link their Chipotle profile and reorder at any time.

Video Interview: Dr. Paul Witman, California Luthern University

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Our video interview today is with Dr. Paul Witman , Director of the MS-Information Technology Program at California Lutheran University (www.clu.edu), which recently added a new cybersecurity certificate to its program. READ MORE>>.

Califia Farms Finds $225M More For Plant-Based Beverages

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Los Angeles-based Califia Farms , which makes oat milk; probiotic, plant-based yogurt; almond milk; and other plant-based beverages, said on Wednesday that it has raised $225M more in a funding round. The Series D funding for the company was led by Qatar Investment Authority, and also included Temasek, Claridge, Green Monday Ventures, plus an un-named family office from Latin America from the coffee and consumer products industry. Califia Farms is led by founder and CEO Greg Steltenpohl.

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Alexandria LaunchLabs Dangles $100,000 Prize, Plans LA Expansion

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Alexandra Real Estate Equities , a real estate investment trust (REIT) operator which has offices in Pasadena, said this morning that it is offering up a $100,000 prize for early stage agtech and food companies, and also apparently is working on a new property in the Los Angeles area. The REIT operates Alexandra LaunchLabs , which offers up laboratory and office space, entrepreneurial support, and programs to life sciences and agtech companies.

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Human Longevity Acquires DoctorsForMe

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San Diego-based Human Longevity , a provider of precision health analytics, said today that it has acquired DoctorsForMe , which matches patients to doctors using artificial intelligence and big data technology. Financial terms of the acquisition were not announced. According to Human Longevity, the buy allows its clients to access the physicians and services of the Massachusetts General Hospital physician network.

H2scan Raises $13.5M More

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Valencia-based H2scan , which develops hydrogen sensors and related technology for the utility and industrial market, has raised $13.5M in new funding, split between a $10.5M, equity funding and an additional $3M in venture debt. According to H2scan, the equity financing was a Series E, and came from Energy Growth Momentum, an UK-based private equity investor. The venture debt round came from El Dorado Investment Company/Pinnacle West Capital Corporation.

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Pepper Financial Gets $5.6M For Business Management Software

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Los Angeles-based Pepper Financial , a startup led by startup veteran James Borow, recently raised $5.6M to bring better financial management to businesses. The firm said over the holidays that it had raised $5.6M in a seed funding, which was led by Mark Suster at Upfront Ventures, and which also included Lerer Hippeau, Manta Ray, and angels. The company said it is creating a "new set of tools" to help businesses grow smarter. The service is currently in beta, and free to use.

ringDNA Adds AI-Powered Sales Coaching

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Los Angeles-based ringDNA , which develops artificial intelligence software for the sales market, has added a new sales coaching product that uses artificial intelligence to help improve sales teams. According to ringDNA, its new conversational intelligence product, ConversationAI, provides sales talking points, call context, social etiquette, sentiment, and other various techniques that win more deals, based on its analysis of over more than 130 mimllion sales conversations.

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Rocket Lab Expands In Long Beach, Ramps Hiring

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Huntington Beach-based small satellite launch provider Rocket Lab said on Tuesday that it is expanding in Long Beach, with a new facility which will both be a corporate headquarters as well as a production complex. The company says it has more than 50 positions open at the new Long Beach location, including jobs in engineering, avionics production, Mission Management, Launch Services and more. Rocket Lab--which has been launching its rockets from New Zealand, but recently opened up its first U.S.

Super League Gaming In Partnership With Wanda Cinemas Games

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Santa Monica-based gaming league operator Super League Gaming said on Tuesday that it has inked a deal with an arm of Chinese media conglomerate Wanda Media, to bring its live, competitive video game league to more than 700 of Wanda's theaters in China. According to Super League Gaming, the partnership with Wanda Cinemas Games will allow it to greatly expand its reach to the very large population of gamers in China. Super League said that China has more than 1.2

Airgain Names New CFO

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San Diego-based Airgain , which develops high performance wireless antennas, has named David Lyle as the company's new Chief Financial Offier. Lyle was most recently CFO of Sunniva, and also served as CFO of Maxwell Technologies, CFO of Entropic Communications (until it acquisition by MaxLinear), CFO of RF Magic (until it was acquired by Entropic), in addition to serving as CFO of Zyray Wireless and Mobilian, and in finance positions at Intel and Broadcom.

J2 Global Acquires Two Companies

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Los Angeles-based J2 Global , which owns a large portfolio of Internet services and publications, says it acquired two more companies during Q4 of 2019. The company--which is likely the most active acquirer of companies in Southern California's high tech economy--says it acquired FES IQ , a company in the digital media space, and Buffered VPN , a provider of cloud services based in Gibraltar.

Medsphere Finds $40M For Healthcare IT Software

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Carlsbad-based Medsphere Systems , a provider of healthcare information technology and software, has raised $40M in new funding from private equity investor TPG Sixth Street Partners, the company said this morning. The new funds will go towards organic growth as well as "opportunistic strategic acquisitions", according to the company. As part of the funding, Lee Mooney, Principal at TPG Sixth Street Partners, will join Medsphere's board. Medsphere is led by President and CEO Irv Lichtenwald.

Video Interview: Brad Rice, Homepie

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Our video interview today is with Brad Rice , the CEO and founder of Homepie (www.homepie.com), a very early stage startup working on a marketplace to buy and sell homes, without an agent. READ MORE>>. homepie brad rice interview marketplace realestate home homes selling mortgage

Bonfire Ventures Looks To Raise New, $100M Fund

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Los Angeles-based venture capital investment fund Bonfire Ventures is looking to raise a new, $100M investment fund, Bonfire Ventures II, L.P., according to a regulatory filing by the firm. According to the filing, the managing directors of the new fund are Jim Andelman, Mark Mullen, and Brett Queener. As expected, no details on the fundraising have been announced or mentioned by the firm.

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InTouch Health Acquired For $600M

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Santa Barbara-based InTouch Health , which provides telehealth services and robotic, healthcare products, has been acquired by Teladoc Health , for $600M in a combination of cash and stock, the companies said over the weekend. According to the two, the deal is includes approximately $150M in cash and $450M of Teladoc Health common stock.

Japanese Billionaire Seeks Girlfriend For SpaceX Ride Around The Moon

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In an unusual effort to find a girlfriend, Japanese billionaire Yusaku Maezawa has launched a complicated effort to attract a partner to ride around the world in a SpaceX rocket with him. According to Maezawa--who made his fortune from Japanese online retailer Zozotown, and an earlier online mail order music album company called Start Today--he has a "long-held dream of going into space" and "wants to visit such a special place together with a special someone".

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Fifth Wall Ventures Raises Around $3.5M In SPV

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Venice, California-based venture investor Fifth Wall Ventures , which invests in real estate technology, has raised nearly $3.5M in a Special Purpose Vehicle (SPV)--like as part of an investment in another company--according to a regulatory filing from the firm this morning. Fifth Wall Ventures SPV XIX, L.P., is one of a large set of SPVs the firm has created for various investments. Accoridng to the filing, the firm raised $3,459,250 from 8 inestors in the SPV.

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Cognitive Medical Systems Names New CEO

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San Diego-based Cognitive Medical Systems , which provides services to public and private organizations services in the area of clinical healthcare delivery, informatics, UI/UX, human factors engineering and enterprise software development, said last week that it has named Christina Murphy as its CEO. Murphy is a bio-pharma executive who also previously had served as a U.S. Marine Corps Colonel.

Saviynt Names New Chief Revenue Officer

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Los Angeles-based identity and access management software developer Saviynt announced this morning that it has named Todd Rotger as the company's new Chief Revenue Officer. Rotger was previously at ServiceNow, where he was serving as Vice President of Global Sales, Security and Risk. Rotger also had served as VP of Sales U.S. East at Hewlett Packard Enterprise. Saviynt is led by CEO Amit Saha. The company says it now has more than 400 employees. READ MORE>>.

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Human Longevity Sells Off Division For $37M

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San Diego-based precision health analytics developer Human Longevity announced this morning that it has sold off its Oncology Division to NeoGenomics , in a deal worth $37M in cash. According to Human Longevity, the deal will help it focus entirely on "longevity and extending the healthy, high-performance human lifespan". The deal closed on Friday. Human Longevity's backers include Celgene, GE, and Illumina.

Video Interview: Federico Pomi and Andreas Ballarini, Fabrica

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Our video interview today is with Federico Pomi and Andreas Ballarini, Fabrica, a startup in the Techstars LA 2019 Class focused on real estate transactions. Fabrica was one of the companies that pitched at Techstars LA Demo Day on Tuesday at the El Rey. READ MORE>>.

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SpaceX Starship Prototype Reportedly Explodes In Texas

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A prototype of a SpaceX Starship, which is undergoing testing in Texas, reportedly exploded during pressure testing on Wednesday afternoon.

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