Tue.May 11, 2021

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UberMedia Acquired By Near

socalTECH

Los Angeles-based UberMedia--which only just recently renamed itself UM, was recently acquired by Near. Financial details of the acquisition were not announced. UberMedia had been led by CEO Gladys Kong, who becomes CEO of near North America. UberMedia developed business intelligence and data analytics software. The company originally was in the business of developing social apps, and was part of Idealab, having started way back in 2010.

Idealab 113
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Singular Genomics Files For IPO

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La Jolla-based Singular Genomics Systems, a developer of gene sequencing technology, has filed for an IPO, saying in a filing that it is looking to raise up to $100M in an IPO on the Nasdaq. The company has filed to list under the symbol OMIC. The IPO is being underwritten by J.P. Morgan, Goldman Sachs & Co. LLC, BofA Securities, Cowen, and UBS Investment Bank.

Invest 113
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HONK Expands Services For Branch Insurance

socalTECH

Los Angeles-based HONK Technologies, a startup which provides roadside assistance through a network of third party towing companies, is expanding its support for an existing customer, Branch Insurance. According to HONK, Branch Insurance will offer up its raodside assistance service to its auto insurance members, as it expands to new markets in Indiana, Colorado, and Oklahoma.

Services 113
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NXCR Sets CTO

socalTECH

Santa Monica-based subscription vehicle startup NXCR has named a new Chief Technology Officer this morning, saying it has added Martin Prescher to oversee its engineering and data teams. Prescher previously was at PwC, and also had served as Chief Technology Officer at AutoGravity. According to NXCR, Prescher's role at PWC was leading its banking and automotive innovation and technology center, developing bespoke software solutions and go-to-market strategies for consumer finance, retail banking

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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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Appia Bio Takes $52M For Stem Cell Therapy

socalTECH

Los Angeles-based Appia Bio, a biotech startup focused on developing engineered allogeneic cell therapies from hematopoietic stem cells (HSCs) for cancer patients, has launched from stealth mode, saying it has raised $52M in a Series A funding round. The funding was led by 8VC, and also included Two Sigma Ventures, Sherpa Healthcare Partners and Freeflow Ventures.

CalTech 113