Wed.Oct 23, 2019

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Combining StitchFix and Instagram, FlipFit ushers in the next phase of social retail

TechCrunch LA

Nooruldeen Agha, has been thinking about what’s next for fashion retail for years. The serial entrepreneur behind the Dubai-based online fashion retailer, Elabelz and marketing studio Elephant Nation had always wanted to redesign the shopping experience for how customers actually shopped in stores and online. “If it was 1994 and we knew what technology is today and we want to reinvent this [shopping] experience… one thought was how we bought our whole life and how we go to the mall,&

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SpaceX Tests Encrypted, Military Communications Through Starlink

socalTECH

Hawthorne-based SpaceX has been testing encrypted, military communications through its broadband Internet, Starlink satellite constellation, according to Reuters , saying the U.S Air Force has been testing very high speed communications using Elon Musk's network of low earth orbit satellites. The report said that the Air Force "Global Lightning" program has shown the ability to send data at 610 megabits per second between two military C-12 planes, while in flight, part of a broader effort to tes

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Substance abuse affects about 15% of American employees, Path wants to ensure they get help

TechCrunch LA

America has an addiction problem. It’s a problem that serial entrepreneur Josh Bruno has seen first hand. And it’s why he has launched a new company called Path , which pitches access to specialized substance addiction treatment professionals as an employee health benefit, to do something about it. “ I have unfortunately lost five friends now to alcohol and opioid overdoses.

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Wander Debuts Wireless, High Speed Networking In Santa Monica

socalTECH

Los Angeles-based Wander has waded into the high speed, Internet access business, saying on Wednesday that it has launched a new, roughly $25-per-month high speed networking service in Santa Monica. The startup--led by David Fields and Dan Rahmel--said that it is providing last-mile, wireless Internet to users using low-cost wireless hardware and its own software.

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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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Music Tectonics Conference

SoCal Tech Calendar

Tuesday, October 29, 2019 -- Music Tectonics Conference. Explore the seismic shifts shaking up the music industry as a result of technology and innovation. The first annual Music Tectonics Conference in Los Angeles October 28-29, 2019, is a destination event for innovators in music and technology. The conference speaker lineup brings together thinkers, doers and investors to explore the seismic shifts that are shaping the business of music.

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Intrepida Bio Gets $9.5M

socalTECH

San Diego-based Intrepida Bio , a biopharmaceuticals startup focused on developing medicines that modulate the innate immune system to fight cancer and other diseases, has raised $9.5M in a funding round, according to the company. The funding came from Sofinnova Investments and Canaan. According to Intrepida, the funding will go towards investigational new drug (IND) application-enabling studies of Intrepida's lead oncology program.

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Triller Takes $28M For Social Video Sharing

socalTECH

Los Angeles-based Triller , which operates a social video sharing service which competes against TikTok, has raised $28M in a Series B funding round, the company said on Wednesday. The startup said the funding was led by Proxima Media. In conjunction with the funding round, Triller said it has acquired UK-based MashTraxx , a developer of a machine learning platform for music and video editing.

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10 Lessons For New Businesses From Ocean Racing Teams

Startup Professionals Musings

A perfect storm is an expression that describes an event where a rare combination of circumstances aggravates an environment drastically. In the entrepreneur world, I feel we are in such a situation now for new startups, with the confluence of business transformations, the explosion of new digital technologies, and the political turmoil around the world.

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Beyond Limits Snags Former VC, Investor As COO

socalTECH

Glendale-based Beyond Limits , a venture-backed developer of artificial intelligence software, has named Meghan Sharp, Ph.D., the former Managing Director of BP Ventures/Americas, as its new Chief Operating Officer (COO). Sharp most recently led BP Ventures/Americas investment in Beyond Limits in 2017, leading the company's $25M Series B funding round and joining its board.

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Amgen CFO To Retire

socalTECH

Thousand Oaks-based biotech giant Amgen said today that its CFO, David W. Meline, is planning to retire, serving as CFO through the end of 2019, but will remain at the company through the second quarter of 2020. Meline--who has been Executive Vice President and Chief Financial Officer at Amgen since 2014--will be replaced by Peter H. Griffith. Griffith recently joined Amgen as Executive Vice President, Finance, and previously had been at private equity and advisory firm Sherwood Canyon Group, LL

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LegalMation Lands Funding Round

socalTECH

Los Angeles-based LegalMation , a startup which develops artificial intelligence and machine learning-based software for litigation and law practices, has raised a round of funding, according to the company. Size of the funding was not announced. According to the company, the private placement round came from REV Venture Partners, Relativity, and Bridge Investments, and continuing participation by Key Venture Partners.