socalTECH
JUNE 28, 2017
Irvine-based Western Digital has just been sued by Toshiba Corporation , which is seeking $1 billion in damages for what it says is violation of the Unfair Competition Prevention Act. According to Sohiba, it filed a lawsuit in the Tokyo District Court against Western Digital Corporation, a U.S. company, and its subsidiary Western Digital Technologies, Inc.
L.A. Business Journal
JUNE 28, 2017
Mobile game hardware startup Wonder raises $14 million, SpaceX to launch final Falcon 9 upgrade this year and Snapchat users can create custom filters in the app.
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socalTECH
JUNE 28, 2017
Los Angeles-based j2 Global says it has completed its previously announced, $650M offering of senior unsecured notes, in a private placement, which nets the company $636.4M after expenses. j2 Global is using the new funds to pay off an existing credit facility, and also for general corporate purposes, which it says may include more acquisitions. The notes carry a 6 percent interest rate and are due in 2025.
Startup Professionals Musings
JUNE 28, 2017
Parents, it’s never too early to start nurturing entrepreneurial talents in your kids! As an active business advisor and angel investor, I’m convinced that we are rapidly entering a new age of the entrepreneur, and those who are best prepared will be the first to reap some big rewards. You may think you need more entrepreneurial courses in school, or more advanced degrees, but in my experience it’s more of a mindset, some good coaching, and learning by doing that separates the winners from the l
Advertiser: Aggregage
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.
socalTECH
JUNE 28, 2017
Los Angeles-based Wonder , a stealth mode, mobile gaming startup, said on Wednesday that it has raised a Series A funding round. The funding came from Grishin Robotics, TCL Communication Holdings Ltd., pop star Shakira, Kevin Spacey, plus 8VC and Greycroft Partners. The company says it has now raised $14M in total. Wonder's CEO is Andy Kleinman. READ MORE>>.
Xconomy
JUNE 28, 2017
Genome sequencing is becoming more common for people diagnosed with cancer. Should it become part of a healthy person’s checkup, too? A new study published Monday in the Annals of Internal Medicine questions the practicality of making DNA tests standard for people who don’t have a cancer diagnosis or aren’t trying to identify a mysterious disease.
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Xconomy
JUNE 28, 2017
Vivace Therapeutics, a San Mateo, CA-based biotech that has kept quiet about its research until now, has reached across the Pacific Ocean to close $25 million in financing to support its work developing drugs to target two different mechanisms of cancer biology. New investor Cenova Capital, based in China, led the Series B round of funding, which included Sequoia Capital China as well as earlier investors Canaan Partners, WuXi Healthcare Ventures, and Mission Bay Capital.
socalTECH
JUNE 28, 2017
The Port of Los Angeles , which saw operations at APM Terminals shut down on Tuesday due to a global cyberattack, is hoping to resume activity either tonight or tomorrow, according to reports, but was still closed as of Wednesday afternoon. APM Terminals is owned and operated by global shipper Maersk, which was shut down on Tuesday due to the Petya ransomware outbreak.
socalTECH
JUNE 28, 2017
Los Angeles-based DAQRI , a startup which is developing augmented reality headsets and software, has selected contract manufacturer Flex to build its AR headsets. Flex (formerly known as Flextronics) said it will start manufacturing DAQRI's headsets in Cork, Ireland, beginning this summer. Flex also said it will manage logistics directly to the consumer and provide after-market services including repair and maintenance for DAQRI.
socalTECH
JUNE 28, 2017
Los Angeles-based prize competition company XPRIZE is trying its hand out as a publisher of literature, saying today that it has launched a new online science fiction anthology site, Seat 14C , which takes a look at what the year 2037 could look like. XPRIZE said the new collection of original stories features such writers as Margaret Atwood, Gregory Benford, Paolo Bacigalupi, Bruce Sterling, Hugh Howey, and Mike Resnick.
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