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State of the Capital Markets

SoCal Tech Calendar

Wednesday, January 5, 2011 -- State of the Capital Markets. The economic upheaval of the past several years had made it difficult for companies of all sizes to find the capital needed for growth and shareholder liquidity. See [link] (more)

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Eta Compute Gets $12.5M In Series C

socalTECH

Westlake Village-based Eta Compute , a developer of technology for energy efficient artificial intelligence processing, has raised $12.5M The company says it has now raised $31.9M in a Series C funding. The funding was led by Synaptics Incorporated, as well as existing investors. Eta Compute is led by CEO Dr. Ted Tewksbury.

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Sienna Biopharmaceuticals Files For IPO

socalTECH

Westlake Village-based Sienna Biopharmaceuticals , a startup biopharmaceuticals firm developing products for the medical dermatology and aesthetics market, has filed for an IPO. in an offering on the NASDAQ Global Market. The company has applied to list as SNNA. Morgan, Cowen, and BMO Capital Markets.

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CoverHound Raises $33.3M

socalTECH

CoverHound , which has offices in Westlake Village, and is also one of the portfolio firms of Los Angeles-based venture investor Core Innovation Capital , has raised $33.3M The company now reportedly has a valuation of over $103M. in a Series C funding. READ MORE>>.

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Life Sciences IPOs Target Collective Raise of More Than $600M This Week

Xconomy

So far this year four privately held companies have made the transition to trading on the public markets. By month’s end, five more are anticipated to join the class of 2020 initial public offerings—and four of those are in life sciences, according to IPO research firm Renaissance Capital.

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SendGrid IPO Expected Next Week

socalTECH

The next IPO of a technology company with Southern California roots is expected next week, as SendGrid now appears to be planning its IPO, on Wednesday, November 15th. According to the upcoming market IPO calendar, SendGrid is planning on its IPO on Wednesday. The company has been approved to list as SEND on the NYSE.

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Avinew Finds $5M For Self Driving Vehicle Insurance

socalTECH

Westlake Village-based Avinew , a new startup looking at developing auto insurance for the autonomous vehicle market, has raised $5M in a seed funding round, according to the company. The funding was led by Crosscut Ventures, and also included American Family Ventures, Draper Frontier, and RPM Ventures. READ MORE>>.