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Shoreline Biosciences Finds $140M

socalTECH

San Diego-based Shoreline Biosciences, a developer of cell immunotherapies for treating solid tumors and hematologic malignancies, has raised $140M in a financing round, the company said today. The company said that Frank Yu, Founder, CEO and CIO of Ally Bridge Group, joined the company's board of directors as part of the funding.

CIO 113
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Cedars-Sinai Backs Censinet In $7.8M For Risk Management

socalTECH

Los Angeles-based Cedars Sinai is one of the major backers of a new startup, Censinet , in the company's Series A funding. Cedars-Sinai's participation in the funding was led by Darren Dworkin, the healthcare system's Senior Vice President and CIO. According to Censinet, it raised $7.8M Censinet is led by founder and CEO Ed Gaudet.

CIO 133
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Fintech giant Klarna raises $639M at a $45.6B valuation amid ‘massive momentum’ in the US

TechCrunch LA

In an exclusive interview with TechCrunch, Klarna CEO and founder Sebastian Siemiatkowski said the company has seen explosive growth in the U.S. While the company was profitable for its first 14 years of life, it has not been profitable the last two, according to Siemiatkowski, and that’s been by design.

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ZestFinance Gets $150M In Debt Financing

socalTECH

Los Angeles-baesd online lender ZestFinance said today that it has raised $150M in debt financing, from Fortress Investment Group. ZestFiance said the funding goes towards the company's Bastix loan service, which is aimed at providing loans to people who normally would not be able to qualify for loans from traditional banks.

CIO 100
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Want to Start a Technology Company in LA?

Both Sides of the Table

I was recently interviewed for an article that appeared in Fast Company titled, “ Why you should start a business in LA.&# If you’re interested in the topic it’s worth a read, but I thought I’d elaborate on the topic since it comes up all the time. But we have a great city for building technology companies.

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IntraStage Raises Angel Funding

socalTECH

San Diego-based IntraStage , a developer of quality management software for companies who design and manufacture electronic products, including statistical process control (SPC) and other testing and data analytics tools, has raised a round of angel funding. According to the firm, it raised a Series A investment led by the Tech Coast Angels.

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Bringing The Benefit Of Managed Cloud To Enterprises, With Metacloud

socalTECH

Many companies would love to be able to get the benefits of cloud--easy configurability, low cost, scaling, and more--but, due to various reasons, can''t take advantage of public cloud services like Amazon. The company announced a funding round from Canaan Partners, Storm Ventures, and AME Cloud a couple of weeks ago.

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