Mon.Sep 14, 2020

Beyond Meat is introducing pre-packaged meatballs at stores across America

TechCrunch LA

Indulging in American food companies’ favorite pastime of marketing innovations that no one needs but potentially everyone wants, Beyond Meat is launching Beyond Meatballs in grocery stores nationwide this week.

LA’s Burgeoning Agtech Industry Sees Green Acres Ahead

L.A. Business Journal

While plenty of tech companies are interested in filling up consumers’ feeds, some are more interested in feeding consumers

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7 Types Of People Who Get Results With Minimal Motion

Startup Professionals Musings

Isn’t it amazing that some people you know always seem to be working hard, but never seem to get anything done? As an entrepreneur, you need to avoid partnering with these people, or hiring them into your startup. The challenge is to find people who get things done, as well as work hard.

QLess Software Helps Businesses Cut the Line

L.A. Business Journal

With social distancing and masks likely to remain a reality for a while longer, Pasadena-based QLess Inc. is poised to help businesses reduce in-person queues

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Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19

Office leases are one of companies’ largest expenses, and if your whole team is working from home with no clear end in sight, you may be wondering what to do about your lease.

HyperX Rolls Out Eyewear Line

socalTECH

Fountain Valley-based HyperX , the developer of gaming accessories which is part of Kington Technology, says it has launched a new set of eyewear specifically for "blue light blocking". According to HyperX, its new collection of eyewear is aimed at gamers, students, and professionals, to help reduce eyestrain by blocking blue light. The company says its glasses provide both blue light and UV protection.

TikTok Rejects Microsoft, Partners With Oracle

L.A. Business Journal

TikTok’s parent company, Beijing-based ByteDance Ltd., has rejected the acquisition proposal from Microsoft Corp. and reportedly accepted a bid from Oracle Corp

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CropSwap App Connects Local Farmers, Consumers

L.A. Business Journal

Silver Lake-based CropSwap Inc. is trying to move farmers markets onto a mobile app

Escient Pharmaceuticals Finds $77.5M In Series B

socalTECH

San Diego-based Escient Pharmaceuticals , which is developing treatments for mast cell-related diseases, said on Monday that it has raised $77.5M in a Series B funding round. According to the company, the funding round was led by Sanofi Ventures and Cowen Healthcare Investments and included new investors Redmile Group and Perceptive Advisors. As part of the funding, Jason Hafler, Ph.D.,

Graze Makes the Cut with Robotic Mowers

L.A. Business Journal

Santa Monica-based Future Labs V Inc., which does business as Graze, wants to revolutionize the landscape industry with its robotic lawn mowers

Beyond Meat Launches Meatballs At Grocery Stores

socalTECH

El Segundo-based plant-based meat company Beyond Meat says it has rolled out a new product, Beyond Meatballs , at grocery stores nationwide. The company says its meatballs--which are pre-seasoned with Italian spices--are ready to cook, and will be available at Whole Foods Market, Stop & Shop, Sprouts, Harris Teeter, Kroger, Albertsons, and others by early October. The new products will be sold in the fresh meat section, starting at $6.99 for 12 meatballs.

Xconomy Awards On-Demand ‘Meet the Finalists’ Webcast Series Continues This Week

Xconomy

The 2020 National Xconomy Awards complimentary two-week, 11-part, on-demand Meet the Finalists daily webcast series continues each day this week at 11 a.m. Registration is complimentary and includes access to a networking app with already more than 400 life science contacts.

Saviynt Claims Record Growth

socalTECH

Los Angeles-based cloud identity management software developer Saviynt says it saw record growth during the first half of 2020--despite the pandemic--saying it saw a 48 percent growth in recurring revenue. Actual financials for the privately held company were not announced. Saviynt says it has also expanded the number of employees at the company by 30%. The company attributed the growth to "product innovation, competitive customer wins, and key partnership additions."

GoodRx Sets IPO Pricing Range

socalTECH

Santa Monica-based GoodRx , a developer of a digital healthcare and prescriptions service, has set an IPO pricing range of between $24.00 and $28.00 per share. The company is looking to raise as much as $1.1 billion through its IPO on the NASDAQ Global Select Market. GoodRx has filed to trade as GDRX. According to the company, it is looking to sell 39,807,691 shares of its common stock in the IPO. The IPO is being underwritten by. Morgan Stanley, Goldman Sachs & Co. LLC, J.P.

CoreLogic Target Of Takeover Effort, Gets New, Bigger Offer

socalTECH

Irvine-based CoreLogic says it has received an "unsolicited proposal" to acquire the company. According to the company, Senator Investment Group LP and Cannae Holdings Inc. have proposed to acquire all outstanding common shares of CoreLogic for $66.00 per share in cash. CoreLogic--which provides property information and data for the real estate industry--says its board of directors "will carefully review the revised proposal with the assistance of financial and legal advisors".

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