Tue.May 15, 2018

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Verizon names Los Angeles as the second of four cities to receive 5G rollout before 2019

TechCrunch LA

My boss’ boss’ boss was on CNBC this morning touting Verizon ‘s new 5G services and naming Los Angeles as the second city in America to be treated to a commercial rollout of the new networking technology. “I think we’re a lot closer than people think,” says Verizon chief executive Lowell McAdam of the nation’s move to the higher-speed 5G networks. “We’re locking in on four this year,” McAdam said of the cities that will receive 5G tech

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Metawave Snags $10M For Automotive Radar

socalTECH

Metawave Corporation , a developer of automotive radar technology with has an office in Carlsbad, has raised $10M in a funding round, the company announced on Tuesday morning. The funding was led by DENSO, and also included Toyota AI Ventures, Hyundai Motor Company and Asahi Glass plus existing investors Motus Ventures, Khosla Ventures, Autotech Ventures, Bold Capital, SAIC Capital, Western Technology Investment (WTI), and Alrai Capital.

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Silicon Beach Report May 15: Atom Tickets Inks Deal with Landmark Theatres

L.A. Business Journal

Atom Tickets inks deal with Landmark Theatres; Ride Share companies waive arbitration for sexual misconduct cases; Tinder gets settlement from Tantan.

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Rael Raises $2.1M For Feminine Products From Thrive Market Ventures

socalTECH

Buena Park-based Rael , a developer of feminine hygiene products, has raised $2.1M in a "pre-series A" funding, the company disclosed on Tuesday. The funding came from SoftBank Ventures Korea and Thrive Market Ventures. Thrive Market Ventures is the venture capital investment arm of Los Angeles-based organic grocery and products company Thrive Market , which has recently been making investments in companies related to its organic food and products.

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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.

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A Need for Speed: Illumina Acquires San Diego’s Edico Genome

Xconomy

With the Bio-IT World Conference opening today in Boston, San Diego-based Illumina (NASDAQ: [[ticker:ILMN) said it has acquired Edico Genome, a five-year-old startup with technology to accelerate the readout of next-generation sequencing data. Illumina withheld terms of the deal in a statement released this morning. But an Illumina spokeswoman later confirmed that Illumina got Edico for $100 million, close to three times the estimated $32 million that Edico raised in venture funding from Qualco

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TherOx Finds Debt Funding

socalTECH

Irvine-based medical device company TherOx , which is developing medical devices to treat acute myocardial infarction (AMI), recently announced it has received a debt financing. The financing came from its existing investors, ZOLL Medical Corporation, which is owned by Asahi Kasei Group. According to ThereOx, the proceeds of the funding will go towards the U.S. market introduction and commercialization of its SuperSaturated Oxygen (SSO2) Therapy system upon receipt of Food and Drug Administratio

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Good Eggs Eyes Southern California Expansion Next Year, After $50M Funding

socalTECH

San Francisco-based Good Eggs , a fresh meal kit and grocery delivery startup, said today that it is aiming at expansion in Southern California next year, after raising $50M in a new funding round. The funding was led by Benchmark Capital, and also included Index Ventures, Obvious Ventures, S2G Ventures, DNS Capital, Uprising and Collaborative Fund.

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The Revolution in Inflammation Drug Development

Xconomy

Chronic autoimmune and inflammatory diseases are painful and often lifelong conditions. I know this both as a scientist and a father, as my son, Jeremy, was diagnosed 12 years ago with Crohn’s disease, one type of inflammatory bowel disease (IBD). According to the National Institutes of Health , there are more than 80 autoimmune diseases affecting approximately 23.5 million Americans like Jeremy.

Develop 61
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Ansun Biopharma Raises $85M

socalTECH

San Diego-based Ansun BioPharma , a biopharmaceuticals company which is focused on anti-virals for treating severe, viral respiratory tract infections, has raised $85M in a Series A funding. The funding was led by Sinopharm Healthcare Fund and Lilly Asia Ventures, and also included Lyfe Capital, Yuanming Capital, Matrix Partners China, 3e Bioventures Capital, Oceanpine Capital, VI Ventures, and Joincap Investment.

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Alteryx Seeks $200M In Debt Financing

socalTECH

Irvine-based Alteryx , the publicly held developer of data visualization and analytics software, said late Monday that it is seeking to offer $200M in convertible senior notes, which it says it will use for general corporate purposes, acquisition, and other "strategic transactions". Alteryx did not detail any other specifics of what it would use the new funding for.

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Tinder Settles With Chinese Dating App Developer Tantan

socalTECH

Los Angeles-based dating app developer Tinder , which is owned by Match Group, has settled a patent and trademark infringement lawsuit with Chinese dating app developer Tantan. Tinder had accused Tantan of creating a copycat of Tinder's system in China. Financial details of that settlement were not announced. Match Group had filed its patent and trademark infringement lawsuit against Tantan--often referrred to as "China's Tinder"--back in March.

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