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Wavemaker Portfolio Firm, Phunware, Goes Public Via Reverse Merger

socalTECH

According to Phunware , a developer of mobile application lifecycle management software, it has been acquired by Stellar Acquisition II , which is listed on the NASDAQ Stock Market. Stellar is a so-called "blank check acquisition company" specifically designed to for reverse mergers.

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MyShape Raises $5.5M More

socalTECH

The funding came from Draper Fisher Jurvetson, Tenaya Capital, and Draper Fisher Jurvetson Growth Fund. The company said the new funding will go to grow its operations, aggressively build out its product assortment, and to further develop its personalization technology. more in funding.

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Genomatica Claims Milestone

socalTECH

San Diego-based Genomatica , the venture-backed developer of sustainable chemical technology, said this morning that it has achieved demonstration-scale fermentation using its process, on schedule. to Genomatica to further develop its technology.

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MyShape Runs Out Of Cash, Shuts Down

socalTECH

MyShape had raised north of $36M in funding from such investors Draper Fisher Jurvetson, Lehman Brothers Venture Partners, Pasadena Angels, Tech Coast Angels, and Tenaya Capital. READ MORE>>.

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Virgin Galactic Names CFO

socalTECH

Sunshine was previously CFO at MDA Information Systems, and also has served at the National Institute of Aerospace, Aurora Flight Sciences, Orbital Science Corporation, and Draper Laboratories. The firm said that Sunshine is the firm's first Chief Financial Officer. READ MORE>>.

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Siimpel Scores Investment From Korean Firm

socalTECH

Arcadia-based Siimpel Corporation , which is developing MEMs-based components for mobile cameras, announced Monday afternoon that the firm has raised an additional round of investment from LG Innotek. Siimpel develops MEMs modules which are used to design higher quality, mobile phone cameras.

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SpaceX Completes Sensor Test

socalTECH

Hawthorne-based SpaceX , the firm which is developing commercial space launch rockets, said Friday that it has successfully demonstrated a component on the NASA STS-127 shuttle mission. SpaceX--which is headed by Elon Musk--is venture backed by the Founders Fund and Draper Fisher Jurvetson. READ MORE>>.

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