L.A. Business Journal
FEBRUARY 22, 2017
Global Eagle stock plunges after CEO and CFO resign, AwesomenessTV CEO Brian Robbins resigns, microfinance startup Tala raises $30 million, and more.
socalTECH
FEBRUARY 22, 2017
Techstars Music , a new startup accelerator program run by startup accelerator operator Techstars, has launched in Los Angeles, Techstars said this morning, with eleven startups. According to Techstars Music, the first eleven companies in its program include Amper (AI + music), Hurdl (LED wearables at concerts), JAAK (blockchain for music metadata), Pacemaker (social mixtapes), Pippa (podcasting), Popgun (deep learning, singing computers), Robin (ticket concierge), Shimmur (social interaction wi
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L.A. Business Journal
FEBRUARY 22, 2017
Global Eagle Entertainment Inc.’s stock fell 23.9 percent to $4.48 a share on Tuesday, after the company’s chief executive officer, Dave Davis, and its chief financial officer, Tom Severson resigned abruptly the day before.
socalTECH
FEBRUARY 22, 2017
San Clemente-based Glaukos Corporation , which is developing medical technology for the treatment of glaucoma, saysi t has named L. Jay Katz, MD, FACS, as its new Chief Medical Officer. The company said that Katz is a practicing ophthalmologist, the Director of Glaucoma Service at Wills Eye Hospital in Philadelphia and a Professor of Ophthalmology at Jefferson Medical College at Thomas Jefferson University.
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Xconomy
FEBRUARY 22, 2017
PMV Pharmaceuticals is the latest startup to load up with cash in an attempt to home in on one of the toughest targets in cancer biology: the tumor suppressor protein known as p53. The company, headquartered in Cranbury, NJ, disclosed this morning that it has raised a $74 million Series B round from Topspin Biotech Fund, Euclidian Capital, InterWest Partners, OrbiMed Advisors, and Osage University Partners.
socalTECH
FEBRUARY 22, 2017
Los Angeles-based Global Eagle Entertainment , which provides in-flight, satellite-based Internet services for airlines, has named a new CEO, after the loss of both its CEO and CFO on Monday. According to the company, its board has appointed Jeff Leddy as its new CEO and interim CFO. Leddy replaces Dave Davis, who has resigned both as a board director and CEO of the company on Monday, according to the company.
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
socalTECH
FEBRUARY 22, 2017
San Diego-based Qualcomm Technologies announced this morning, along with European automotive giant PSA Group , that PSA will integrate Qualcomm's Snapdragon 820 Automotive (820A) processor in a new line of vehicles. Financial impact of the win was not announced. The two said that Qualcomm's processor will start appearing in PSA's vehicles beginning in 2020.
Xconomy
FEBRUARY 22, 2017
As we gear up for Robo Madness 2017: A.I. Gets Real , our annual robotics and artificial intelligence conference at Google’s offices in Kendall Square, let’s connect a few dots around the topic of automation. In just the past day or two: —Uber has started testing self-driving cars in Tempe, AZ , after having its tests banned in San Francisco in December.
socalTECH
FEBRUARY 22, 2017
Los Angeles-based Chrome River , which develops cloud-based expense and invoice automation software, has extended its software to handle hotel bills and folios, the company said today. According to Chrome River, its new Chrome River FOLIO product automates hotel folio extraction into expense reports, taking emailed PDF or HTML hotel folios to its software, and creating full lime-item breakouts in their expense reports.
Xconomy
FEBRUARY 22, 2017
For the second time in less than a month, Uber CEO Travis Kalanick found himself fending off critical questions from his own employees at a Tuesday company-wide meeting. The last time, Kalanick was trying to justify remaining on President Trump’s economic advisory council after Trump issued a sudden travel ban against refugees and people from seven mostly Muslim nations.
socalTECH
FEBRUARY 22, 2017
MakieLab , the custom, 3D printed doll startup which had been part of Disney's second Disney Startup Accelerator program, has been acquired, reportedly by Disney itself. Full details of the acquisition and buyer were not officially announced, however, MakieLab said that it has been acquired by a "a fantastic US media behemoth". MakieLab had a deal with Disney to ship custom, 3D printed dolls featuring such characters as Star Darlings, Minnie Mouse, Maleficient, and others; the company's CEO, Ali
socalTECH
FEBRUARY 22, 2017
The recently launched SpaceX Dragon is running into some issues with docking with the International Space Station, according to NASA , which said early this morning that the rendezvous and docking of the spacecraft was aborted this morning after "incorrect value in data" on the location of the space station. NASA said that the SpaceX Dragon will automatically reset for another rendezvous and docking attempt in 24 hours.
socalTECH
FEBRUARY 22, 2017
Los Angeles-based Maple Media , a new startup led by startup veteran Clark Landry, along with Jam City veteran Michael Ritter, has raised $30M in a funding round from Shamrock Capital, the company announced this morning. The startup said it will acquire, manage, and operate mobile applications in the utility, productivity, games and entertainment areas.
socalTECH
FEBRUARY 22, 2017
Los Angeles-based TripScope , which operated a mobile application to help travel agents get leads and to connect consumers with agents, has been acquired by Travefy. Financial terms of the acquisition were not announced. Tripscope was venture backed by PLC Ventures, Wavemaker Ventures, AmplifyLA, and Erik Blachford, the former CEO of Expedia. Katelyn O'Shaughnessy is the CEO of Tripscope, and will become an advisor to Travefy.
socalTECH
FEBRUARY 22, 2017
Los Angeles-based Joymode , the startup led by Joe Fernandez which lets people rent, not buy, all the gear needed for experiences like backyard movie night, virtual reality parties, camping, and more, said it has just opened up access to anyone in Los Angeles interested in the service. The company had previously been in invite-only mode. The company also said it has launched a special "Kids" category to its service, which features different experiences specifically for kids (and apparently, kids
socalTECH
FEBRUARY 22, 2017
Los Angeles-based Tala , the fintech startup led by Shivani Siroya, is announcing this morning that it has raised $30M more in a Series B funding round. The funding was led by IVP, and also included Ribbit Capital, along with Lowercase Capital, Data Collective, and Collaborative Fund. Jules Maltz of IVP joins the company's board with the funding. Tala is developing mobile technology which uses the patterns and information available on the cell phones of users in developing countries, to help wit
socalTECH
FEBRUARY 22, 2017
Los Angeles-based JamCity , and mobile games developer TinyCo said this morning that they are launching a new, mobile game based on the popular Futurama TV series. The new game features new content from Futura's creator and Executive Producer Matt Groening, Executive Producer David X. Cohen, plus others on the team that created the futuristic, comedy TV series.
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