Fri.Nov 30, 2018

ViaCyte Raises $80M In Series D Funding

socalTECH

San Diego-based biotech startup ViaCyte , which is developing human cell therapy for treating diabetes, says it has raised $80M in a Series D funding round. The funding was led by Bain Capital Life Sciences, and also included TPG, RA Capital Management, Sanderling Ventures, plus angels.

Silicon Beach Report Nov. 30: Bankruptcy on Horizon for Faraday Future?

L.A. Business Journal

NationBuilder’s Jim Gilliam passes away; Grindr president addresses homophobic statement; Faraday Future facing bankruptcy

Report 100

NASA To Elon Musk: Smoke Weed On A Podcast Again, Lose Commercial Crew Missions

socalTECH

NASA has a big message for Elon Musk , the technology mogul behind Los Angeles-based rocket firm SpaceX : smoke marijuana on a podcast again, and SpaceX will lose its opportunity to launch astronauts into space. According to The Atlantic, NASA administrator James Bridenstine specifically launched a safety review of SpaceX due to Musk's antics on the Joe Rogan Experience, where he smoked marijuana and drank whiskey on a podcast.

LA Auto Show

SoCal Tech Calendar

Thursday, December 6, 2018 -- LA Auto Show.Last year, the global show had 1,000 of the latest models, vehicle debuts, and concept cars on display and this year, the expectation is no different. See [link] (more

100

NationBuilder's Founder, Jim Gilliam, Passes Away

socalTECH

Los Angeles-based NationBuilder , which develops software that helps groups, political campaigns, nonprofits, and others manage their their supporters, donors, and members, reported on Friday that its founder, Jim Gilliam , has passed away. The company said that Gilliam had learned earlier in the year that he had cancer, and despite radiation and chemo, recently acquired an infection which led to his death on Friday. Gilliam was only 41.

Report 109

Volvo Expands In Silicon Valley As Auto Innovation Goes West

Xconomy

As GM announced a wave of auto plant closures in the North American heartland this week at the cost of thousands of jobs, Sweden’s Volvo Cars was expanding its U.S. presence, both in Silicon Valley and at a new South Carolina factory.

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Bio Roundup: CRISPR Babies, Blood Diseases, Big Cancer Nod & More

Xconomy

This was one of those weeks when the world seemed to slip into a new era with no going back. A Chinese researcher, He Jiankui, claimed he helped bring to life two genetically engineered babies, twin girls with a gene disabled to make them immune to HIV infection.

Western Digital Adds Two To Board

socalTECH

Western Digital Corp. , the storage and memory manufacturer which has significant operations in Orange County, said late Thursday that it has added two new members of its board of directors. According to the company, it added both Kimberly Alexy and Stephanie Streeter to its board. Alexy is founder of private investment fund Alexy Capital Management, and also sites on the boards of Alteryx, CalAmp, FireEye, and Five9.

As Hedge Fund Presses Takeover Bid, Mitek CFO Rescinds Resignation

Xconomy

Elliott Management, a New York-based activist hedge fund, has had San Diego-based Mitek Systems in its crosshairs for months. In October, Elliott subsidiary ASG Technologies Group publicly “ reaffirmed ” an offer to buy Mitek (NASDAQ: MITK ) at $10 per share—an unsolicited proposal that it said Mitek had previously rebuffed, claiming it undervalued the company.

Press 52

Greycroft Joins In New Round For PebblePost

socalTECH

Los Angeles- and New York-based venture investor Greycroft Ventures has joined in a new funding round for PebblePost , a startup which uses real time online information to send direct mail to users, as part of a $31M Series C funding. Greycroft is an existing investor in PebblePost, which is based in New York.

Report: Faraday Future Rapidly Running Out Of Cash As Options Diminish

socalTECH

Los Angeles-based electric vehicle maker Faraday Future is rapidly running out of cash, and its options for investment are rapidly diminishing, according to a report from The Verge. According to the report, Faraday Future only has enough cash to meet today's payroll, and only enough money to keep the lights on until the second week of December.