socalTECH
APRIL 4, 2017
Santa Monica-based GumGum , the developer of computer vision and artificial intelligence software focused on the advertising industry, has jumped into the online publishing business, saying it has started a new online publication call The Visionary. GumGum said it will publish original and curated content, a newsletter, awards and more focused on artificial intelligence and computer vision.
L.A. Business Journal
APRIL 4, 2017
Music streaming service Spotify and Universal Music Group announced a multiyear global license agreement Tuesday that will allow Universal artists the option to release new albums to premium subscribers for two weeks before public distribution.
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socalTECH
APRIL 4, 2017
San Diego-based Tocagen , a clinical stage gene therapy company aiming at treating cancer, has set the pricing range for its IPO. The company said in a filing that it expects to offer 7,250,000 shares of its common stock at between $10.00 and $12.00 per share. The company has applied to list as TOCA on the NASDAQ Global Market. Tocagen's IPO is being underwritten by Leerink Partners, Evercore ISI, and Stifel.
L.A. Business Journal
APRIL 4, 2017
Spotify and Universal Music agreement offers album first dibs to subscribers, FreedomPop launches plan for small businesses, and Pluto TV taps former E! exec Robert Magdlen as chief programming officer.
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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.
socalTECH
APRIL 4, 2017
Los Angeles-based Two Bit Circus , the entertainment startup founded by Brent Bushnell, and non-profit T4G.org announced this morning that they have launched the Two Bit Circus Foundation. The Two Bit Circus Foundation said it is designed to cultivate the next generation of inventors, advance environmental stewardship and spur community engagement. T4T.org salvages manufactured goods for use in educational projects, to help in the areas of STEAM (science, technology, engineering, art and math) l
SoCal Tech Calendar
APRIL 4, 2017
Saturday, April 8, 2017 -- FounderMade - Future of Food Summit. A conference for investment and discovery in the food industry that will include food entrepreneurs, influencers, investors and innovative companies.
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
Xconomy
APRIL 4, 2017
Is a caution flag flying? While U.S. venture firms refueled last year by raising a near-record $51.6 billion , they also eased off the throttle in terms of their investment activity during the first quarter of 2017, according to data released today by Seattle-based PitchBook and the National Venture Capital Association (NVCA). According to the latest Venture Monitor report, VCs invested slightly more than $16.5 billion in 1,797 startups in the first three months of the year.
socalTECH
APRIL 4, 2017
Santa Monica-based TrueCar said Monday that it has nominated former American Honda Motor Company EVP John Mendel to its board of directors. Mendel will stand for election on May 18th, and will replace Abhishek Agrawal. Mendel recently retired from Honda, where he was Executive Vice President, Automobile Division. Mendel had served at that position at Honda since November of 2004, and before that, had spent 28 years at Ford Motoro Company, plus served as EVP and COO at Mazda North American Operat
Xconomy
APRIL 4, 2017
Viracta Therapeutics, a San Diego anti-cancer biotech that has been operating below the radar for nearly two years, is today disclosing an initial closing on what could amount to as much as $18.4 million in Series B financing. Viracta plans to use the proceeds to advance its lead drug candidate into mid-stage trials for treating cancers associated with the Epstein Barr Virus.
socalTECH
APRIL 4, 2017
Lake Forest-based Revision Optics reports that it has just hit the 1,000th procedure using its corneal inlays. The company's Raindrop Near Vision Inlay is used to correct presbyopia, the inability to focus on nearby objects. The company said those 1,000 procedures were all performed since its commercial launch in August of last year. The company's implants help reduce the need for reading glasses for patients, and according to the firm can be placed in a 10-minute outpatient procedure in a patie
Xconomy
APRIL 4, 2017
We have posted the agenda for Human Impact of Innovation , which happens on April 19 at The Illumina Theater at the Alexandria Torrey Pines in San Diego. Xconomy is convening this meeting with leaders from academia and industry to talk about some big innovations that are expected to bring major changes on people’s lives. Machine learning is a recurring theme in these presentations, and we’ve asked our speakers to explain how machine learning is being applied through everything, from healthcare t
socalTECH
APRIL 4, 2017
Newport Beach-based fintech startup Lantern Credit said this morning that it has named John Mack, the former Chairman and CEO of Morgan Stanley, as Chairman of its board of advisors. Mack was previously CEO of Morgan Stanley, Co-CEO of Credit Suisse Group and CEO of Credit Suisse First Boston, and currently sits on the boards of Lending Club, Glencore International AG and Bloomberg Family Foundation.
socalTECH
APRIL 4, 2017
A report on Tuesday says that Chinese electronics giant LeEco is delaying its payroll for U.S. employees, as it faces a cash crunch at the company. The report , from Bloomberg, also said that the acquisition of Irvine-based Vizio is now in doubt, with LeEco now exploring "other options" with Vizio, including "taking a minority stake in or partnering with Vizio" rather than acquiring Vizio outright.
socalTECH
APRIL 4, 2017
San Diego-based pet supply retailer PetCo said on Monday that it has acquired the operator of a pet advice website and app, PetCoach. Financial details of the acquisition were not announced. PetCoach's website helped pet owners get answers to health and wellness questions from veterinarians and other professionals. PetCoach was venture backed by Comcast Ventures, Maveron, and DreamIt Ventures.
socalTECH
APRIL 4, 2017
Calabasas-based Ixia , which develops network testing hardware and software, has rolled out a new product specifically aimed at capturing data from public cloud installations. According to the firm, its new CloudLens Public software operates in cloud environments, including Amazon Web Services. The company said the new product enables customers to capture and filter data in the public cloud, in a way that scales with a user's cloud installation.
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