Fri.Apr 12, 2019

With a new CEO and fresh funding from Upfront, healthy prepared food delivery service Territory looks to grow

TechCrunch LA

With a new chief executive officer and $4 million in fresh funding from investors including the Los Angeles-based investment firm, Upfront Ventures, Territory Foods is poised for growth.

5 Startup Cost Realities Most Founders Underestimate

Startup Professionals Musings

Image via Flickr by Phil Gyford Starting a new venture still costs real money, even though the entry price has come down dramatically in last few decades.

SpaceX Seeking $510M In New Funding

socalTECH

Hawthorne-based SpaceX is looking to raise another $510M in funding--the second time the firm has gone out for funding this year-- according to a regulatory filing from the firm. The funding will bring SpaceX's total raised to more than $2.75 billion, and reportedly values the rocket firm at over $30 billion. The new funding came to light after another, successful launch for the company--the first, commercial flight of a Falcon Heavy rocket on Thursday. READ MORE>>.

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Thwarting Opposition, Bristol Gets Shareholder OK for $74B Celgene Buyout

Xconomy

The early opposition has turned out to be just noise. Shareholders of Bristol-Myers Squibb today approved the pharma giant’s planned buyout of Celgene, paving the way for a deal that will create one of the largest biopharma organizations in the world, and send ripples throughout the sector.

Semtech Gets Design Win With Aerospace Manufacturer

socalTECH

Camarillo-based semiconductor developer Semtech has chalked up another design win for its LoRa wireless radio frequency technology, saying that its technology has been selected by an aerospace manufacturer, Ineo-Sense , for it smart asset tracking tools. Semtech said its wireless technology is being used in Ineo-Sense's "Clover-Core" sensor products, used for asset tracking in manufacturing settings. Shipment volumes and other details on the win were not announced.

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Lyft, Uber, and the Changing Disclosure Rules For Unicorn IPOs

Xconomy

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Bio Roundup: EASL Does It, Alnylam’s BFF, Gene Therapy Deals & More

Xconomy

A major conference devoted to liver disease kicked off with updates from the race for approval of the world’s first drug to treat a form of advanced liver disease called nonalcoholic steatohepatitis, or NASH. The gene therapy field continued to attract venture cash and industry interest, and it was a busy week in Washington for healthcare policy and regulation.

Bird Plans Massive European Expansion

socalTECH

Santa Monica-based, last-mile, scooter rental service Bird said on Friday that it plans a massive, European expansion this summer, with plans to launch the service in more than 50 European cities. According to Bird, the move will expand its European fleet more than ten-fold. Bird said that, as part of the expansion in Europe, it will also roll out a new electric scooter, the "Bird Zero", which it says is designed and engineered specifically for the e-scooter sharing industry.

QAD Deploys With European Luxury Goods Maker

socalTECH

Santa Barbara-based supply chain planning software developer QAD has deployed its software with European luxury goods maker Maroquinerie Thomas , the company said on Thursday. According to QAD, Maroquinerie Thomas is using its QAD DynaSys Cloud Production Planning, Procurement Planning and Advanced Analytics tools. Financial details of the customer win were not announced. Maroquinerie Thomas is a maker of leather goods, and has 1500 employees. READ MORE>>.

SmartDrive Wins Large Trucking Firm

socalTECH

San Diego-based video-based transportation safety systems developer SmartDrive Systems has scored a win with a large trucking firm, Atlas Trucking, for that company's entire fleet, SmartDrive said this week. Financial details of the win were not announced. SmartDrive Systems said that Atlas rolled out its platform without even conducting a pilot deployment, just based on recommendations from other fleets.

Mavenlink Finds $48M More

socalTECH

Irvine-based Mavenlink , a startup which develops business process management software and related tools for services businesses, has raised $48M more, in a Series E funding round. The funding came from Carrick Capital Partners and Goldman Sachs Growth Equity. Mavenlink's round brings the Orange County's total funding to more than $111.5M. The company last raised a funding round back in 2016, which also was led by Goldman Sachs.