Qpex Biopharma Finds $33M For Antibiotics Development

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According to Qpex, the funding was led by New Enterprise Associates, and also included Adams Street Partners, LYZZ Capital, Hatteras Venture Partners and Stanford University Draper Fund. The company also said it has an agreement with the Biomedical Advanced Research and Development Authority (BARDA), worth up to a total award of $132M. Qpex says it is developing new antibiotics to combat the threat of global antimicrobial resistance.

SPECIAL REPORT: 2019 Blockchain Outlook — Reality Check

Xconomy

Now, the industry has entered a crucial phase where blockchain developers need to overcome the limitations of the technology and find use cases that will win widespread adoption by businesses and organizations. After a breakout year in 2017, the blockchain sector suffered a series of blows in 2018, from crashing cryptocurrency prices to increased regulatory scrutiny of crypto ventures and deepening skepticism about whether the technology was actually useful.

Western Digital Backs Memory Semiconductor Developer

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Irvine-based Western Digital has backed the developer of semiconductor memory technology, as part of a strategic funding round. Everspin Technologies , which develops "magnetoresistive RAM"--aimed at use in such things at solid state storage--said this morning that it has raised $29M in a Series B funding round.

Qpex Biopharma Launches with $33M to Tackle Drug-Resistant Infections

Xconomy

That company was developing. The Medicines Company exited the infectious disease business last year when it sold three bacteria-fighting products to Melinta Therapeutics.

Chippmunk Raises $750,000 in Seed Funding for Scaling & Product Development

Tech Zulu Event

The seed round was led by investments from Richard Chino, a key early member of GoTo.com and Smarter.com; Dan Murray, CFO of Machinima ; Derek Draper of Wildfire by Google; Nikhil Srivastava of KKR ; Angel Investor Andrew Schwartz and other angles from LA and Silicon Valley.

Amonix Ties With Solar Cell Developer

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Seal Beach-based concentrating photovoltaic (CPV) systems manufacturer Amonix has tied with Solar Junction , a developer of high-efficiency solar energy cells, the two said today. Solar Junction, which is backed by New Enterprise Associates, Draper Fisher Jurvetson, Advanced Technology Ventures, and IQE, said it is developing highly efficient solar cells specifically for CPV applications.

DFJ Mercury Promotes Venture Partner In San Diego

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DFJ Mercury , one of the affiliate venture firms of Draper Fisher Jurvetson, said Tuesday that it has promoted a venture partner who will be splitting his time between La Jolla and Houston, its headquarters.

Equidate, Re-Named Forge Global, Boosts Series B to $85M

Xconomy

Re-branded as Forge Global , the five-year-old company plans to continue broadening the services it developed as many venture capital-backed companies—“unicorns” already supposedly worth billions of dollars, at least on paper—delayed going public, even while some of their staffers and earlier investors yearned for faster routes to cash out their shares.

500 Startups Presents Bitcoinference

Tech Zulu Event

In light of a less than savory PR landscape, I saw this event to be an important call to attention to the developements towards the Bitcoin industry for 2014, as well as geographically important gathering of minds and enthusiasts in the space.

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CapLinked Announces New Investors, Signs Up New Clients & Builds New Features

Tech Zulu Event

Essner added, “They have a beautiful, modern, workflow-friendly transaction management solution for corporate development teams, sell-side advisors, and private equity firms, as well as an extremely driven and impressive team that is perfectly positioned to take advantage of this big opportunity to disrupt the financial technology sector.”. Business Entrepreneurship Startups AccessDNA Artesian Group Caplinked Chris Harris Conversion Capital Draper and Kramer Eric M.

MomentFeed Names Tech Veteran Nick Hedges As CEO

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Santa Monica-based MomentFeed , which develops software that helps national brands keep information on their stores up to date across mapping and mobile services, has named Nick Hedges as CEO of the company, MomentFeed said this morning. MomentFeed is venture backed by Level Equity, Signia Venture Partners, Draper Nexus and DFJ Frontier.

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NeuroVigil Finds More Funding

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La Jolla-based NeuroVigil , a developer of brain monitoring tools and technology, said it has received a second financing round. According to the company, the round was led by Howard Morgan, and also included Elon Musk, Tim Draper, and Draper Fisher Jurvetson and Zone Ventures. NeuroVigil is developing a non-invasive, portable brain scanning device.

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Crosscut Ventures Backs Blockchain Startup

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Los Angeles-based venture investor Crosscut Ventures is one of the backers of a new startup, Fluent , developing blockchain technology for the financial markets. According to Fluent, which is based in Lexington, Kentucky, it raised $1.65M in a seed funding which came from Digital Currency Group, Crosscut Ventures, Draper Associates, Fenbushi Capital, Lindberg Tech Fund and the St.

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Cognition Raises $200K

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Culver City-based Cognition Technologies , the developer of natural language processing technology software, has raised $200,000, as part of an ongoing $500,000 funding round, according to a recent regulatory filing by the firm. Cognition has previously raised funding from the Tech Coast Angels and Draper Associates, as well as Tim Draper and Scott Jarus.

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Avinew Finds $5M For Self Driving Vehicle Insurance

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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. Peate serves as CEO, and the company also just added former Tesla Head of Global Business Development and Special Projects Jeremy Snyder as COO.

AuditFile, Started At UCLA, Raises $3M For Auditing Software

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AuditFile , a developer of cloud-based auditing software for CPAs, has raised $3M in a funding round, the company said Thursday. The funding came from Banneker Ventures, Tim Draper, Nas Draper, as well as other angel investors. The company was founded by Kevin Bong, who started the company in his dorm room at UCLA as a senior.

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Enevate Finds Funding From South Korea's LG Chem

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Irvine-based Enevate , which develops lithium-ion battery technology, said today that it has added South Korean battery manufacturer LG Chem as an investor. According to Enevate, the new funding will help accelerate the development of its fast charge Li-ion battery technology for the electric vehicle market. According to Enevate, LG Chem participated in its recently anounced funding round. Size of the investment by LG Chem was not announced.

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Local Clean Energy Business Plan Contest Awards $160,000

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According to First Look West , three companies split the prize pool, including Pyri-E , which received $100,000 for its technology for harvesting waste heat; Chai Energy , which received $40,000 for its mobile phone app for monitoring energy usage in the home; and Dragonfly Systems , a team developing an electronic device to eliminate the power loss that happens with underperforming solar panels.

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Carbon Micro Battery Becomes Enovate

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Irvine-based Enovate Corporation , which is backed by Mission Ventures and Draper Fisher Jurvetson, said today that it has renamed itself from Carbon Micro Battery. The firm, which is developing rechargeable battery technology aimed at the smartphone market, said the name "better reflects" the firm's growth strategy in the energy storage space. in venture financing from such firms as Mission Ventures and Draper Fisher Jurvetson.

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Activision Ties With Flurry

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The company said that the new initiative will identify and assist third party developers to develop, publish, distribute, and promote their titles on iOS and Android. Flurry is venture backed by Borealis Ventures , Draper Fisher Jurvetson , Draper Richards , First Round Capital , Interwest Partners , Menlo Ventures , and Union Square Ventures.

Enevate Names CFO

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Irvine-based Enevate , which is developing advanced Lithium-ion batteries, said this morning that it has named Sameer V. Enevate is venture backed by Mission Ventures, Draper Fisher Jurvetson, Tsing Capital, Infinite Potential Technologies, Presidio Ventures/Sumitomo, and CEC Capital. Rao as its new Chief Financial Officer. Rao was previously at MaxLinear, serving as an executive in the finance area, and also has served at Broadcom and PRTM.

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MomentFeed Launches Local Landing Page Templates

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Santa Monica-based MomentFeed , which develops software tools that helps multi-location brands manage the customer experience of mobile consumers, says it is making it easier for its customers to build landing pages for their locations. The company is venture backed by such investors as Daher Capital, DFJ Frontier, Double M Partners, Draper Nexus Ventures, Level Equity, Location3 Media, MI Ventures, Rockfish Brand Ventures, Signia Ventures, and many local angel investors.

OnShift Gets Investment From Santa Monica's Clearlake Capital

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Santa Monica-based private equity investor Clearlake Capital is the lead investor in a strategic funding round this week for Cleveland, Ohio-based OnShift , a developer of human capital management software for the long-term, post-acute care market. OnShift has previously raised funding from Draper Triangle Ventures, Early Stage Partners, Fifth Third Capital, Glengary LLC, HLM Venture Partners, Jumpstart Inc.,

MomentFeed Adds $16.3M

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Santa Monica-based MomentFeed , which develops software that helps multi-location, retailers and brands better understand and interact with customers, has raised $16.3M The funding was led by Level Equity, and also included Signia Venture Partners, Draper Nexus and DFJ Frontier. in new funding, the company said this morning.

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Wavemaker Portfolio Firm, Phunware, Goes Public Via Reverse Merger

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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. Phunware, based in Austin, Texas, is backed by Wavemaker Partners (Draper Network Fund), Fraser McCombs Ventures, Maxima Ventures, Samsung, Cisco Investments, World Wrestling Entertainment, PLDT Capital, Central Texas Angel Network (CTAN), Baylor Angel Network (BAN) and others.

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Sensay Snags $4.5M For Chatbot Technology

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Los Angeles-based Sensay , a developer of chatbot technology, has raised $4.5M The funding was led by Norwest Venture Partners, and also included Greycroft Partners, Sweet Capital, NHN, Draper Associates and other. in a seed funding round, according to the company. The startup says it has created a "peer-to-peer chat bot" which helps connect people across SMS, Slack, Kik, Telegram and Facebook Messenger. Ariel Jalali is the Co-Founder and CEO of Sensay. READ MORE>>.

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Enevate Names CFO

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Irvine-based battery technology developer Enevate announced this morning that it has appointed John B. Enevate is venture backed by Mission Ventures, Draper Fisher Jurvetson, Tsing Capital, Infinite Potential Technologies, Presidio Ventures, and CEC Capital, and is targeting its Lithium ion battery technology at the smartphone and mobile device market. Kennedy as its new Chief Financial Officer.

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Enevate Expands Battery Efforts In Irvine

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Irvine-based Enevate , a developer of rechargeable battery technology, is expanding in Irvine, according to reports today. The venture backed firm, which has investments from Mission Ventures and Draper Fisher Jurvetson, is tripling its office space to 22,000 square feet, according to the Orange County Register. Enervate is a spinout of technology from UC Irvine, and is developing batteries aimed at 3G and 4G smartphones and tablets.

SpaceX Raises $1 Billion From Google, Fidelity

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Hawthorne, California-based SpaceX , the Los Angeles area commercial rocket and spacecraft developer led by Elon Musk, announced Tuesday afternoon that it has raised a billion dollars in a financing round. The funding came from Google, Fidelity, as well as existing investors Founders Fund, Draper Fisher Jurvetson, Valor Equity Partners and Capricorn.

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CapLinked Adds $1M, New Investors In Funding Round

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Los Angeles-based CapLinked , the developer of business transaction and deal management software-as-a-service, said today that it has raised $1M in an expansion round for the company. CapLinked develops an online, cloud-based platform used to manage due diligence and deal documents, and which competes against deal room management software.

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MomentFeed Adds Google+, Bing Support

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Los Angeles-based MomentFeed , the developer of tools to help businesses manage their location data in online local search services, says it has added Google+ and Bing management to its tools. MomentFeed is venture backed by Signia Venture Partners, Draper Nexus, DFJ Frontier, Double M Partners, and Daher Capital, as well as others.

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Verge Genomics, Founded By UCLA Scientists, Raises $4M In Seed Funding

socalTECH

The funding was led by IA Ventures, and also included Two Sigma Ventures, Draper Associates, Great Oaks VC, Slow Ventures, Karlin Venture, Elad Gil and David Lee. The company--based in San Francisco--said it is focused on accelerating drug development for neurodegenerative diseases, such as Alzheimer's Disease, Amyotrophic Lateral Sclerosis (ALS), and Parkinson's Disease.

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MyShape Raises $5.5M More

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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. Los Angeles-based MyShape , the online personalized fashion and women's clothing and apparel firm, said today that it has raised $5.5M more in funding.

EdeniQ Links With German Firm

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Visalia-based EdeniQ , a developer of biofuels technology and a spinout of Los Angeles-based Altra Biofuels , said Wednesday that it has linked with German firm IKA Works on supplying biomass mixing and milling technology for the biofuels and biochemical markets.

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Genomatica Drops IPO Plans, Raises $41.5M

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San Diego-based renewable chemicals developer Genomatica has dropped its IPO plans, according to a regulatory filing by the company this morning. Genomatica is venture backed by TPG biotechnology Partners, Mohr Davidow Ventures, VantagePoint Venture Partners, Alloy Ventures, Draper Fisher Jurvetson, WM Organic Growth and others.

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