Wed.Jan 16, 2019

Consolidation is coming to gaming, and Jam City raises $145 million to capitalize on it

TechCrunch LA

A slew of banks are coming together to back a new roll-up strategy for the Los Angeles-based mobile gaming studio, Jam City and giving the company $145 million in new funding to carry that out.

Google's Machine Learning Tools Used To Identify LA Potholes

socalTECH

Machine learning and artificial intelligence are two of the biggest buzzwords in technology today--but how are they being used to help you in everyday life? Google said on Wednesday that a team at Loyola Marymount University is using its open source, machine learning tool--TensorFlow--as part of a project to help identify potholes and cracks in Los Angeles, in an attempt to perhaps improve the flow of traffic through the city.

Google 122

Merck And The Future of Immuno-Oncology: A Chat With Roger Perlmutter

Xconomy

Cancer immunotherapy is, in a word, tantalizing. It might save the life of someone at death’s door and keep the cancer at bay for years. Or it might not work at all. There’s no telling what a patient will experience.

Heal Names Qualcomm's Paul Jacobs As Chairman, Adds Jeb Bush To Board

socalTECH

Los Angeles-based, on-demand doctor house call service Heal has named former Qualcomm Chairman and CEO Dr. Paul E. Jacobs as its Chairman, and named former Florida Governor Jeb Bush to its board of directors, the company said on Wednesday. The startup lets clients schedule in-home visits by doctors for both routine visits and other checkups. Jacobs is currently founder and CEO of XCOM, a mobile technology company, and had been CEO and Chairman of Qualcomm.

Demand 122

CTO Mixer Cruise: Brian Sletten will speak about Web Assembly

SoCal Tech Calendar

Tuesday, January 22, 2019 -- CTO Mixer Cruise: Brian Sletten will speak about Web Assembly. On Tuesday, January 22nd @ 6pm, CTO Mixers will set sail with Brian Sletten who will be giving a presentation on Web Assembly, preceded by a brief talk by Joe Devon called Accessibility IS Innovation. See [link] (more

CTO 100

Renovis Surgical Acquired By KYOCERA

socalTECH

Redlands-based Renovis Surgical , a manufacturer of orthopedic and spinal medical devices, has been acquired by Japanese company Kyocera Corporation , Kyocera said very late Tuesday evening. Financial terms of the acquisition were not announced. According to Kyocera, it agreed to purchase the major assets of Renovis, relating to its artificial joint and spinal products. Renovis, which was founded in 2009, will become Kyocera Medical Technologies. Kyocera said it plans to expand its U.S.

More Trending

SpaceX Moving Some Starship Prototyping To Texas

socalTECH

Hawthorne-based SpaceX is reportedly getting set to move some parts of the prototyping of its big, Mars-bound passenger rocket--the Starship (formerly known as the BFR)--to Texas, according to reports on Wednesday.

SpaceX 109

AppSec California 2019

SoCal Tech Calendar

Tuesday, January 22, 2019 -- AppSec California 2019. The Open Web Application Security Project (OWASP) Los Angeles Chapter has teamed up with the Orange County, Inland Empire, San Diego, Santa Barbara, and San Francisco Bay Area Chapters to bring you another great AppSec California. Join us and your peers for amazing talks and networking on January 22-25, 2019! See [link] (more

Jam City Raises $145M

socalTECH

Los Angeles-based mobile game developer Jam City has raised $145M in a strategic financing round, the company said today, to grow its global business. The funding was led by JPMorgan Chase Bank, NA and Bank of America Merrill Lynch, and also included Silicon Valley Bank, SunTrust Bank and CIT Bank, N.A. According to Jam City, the new funds will go to fuel its "consolidation and growth initiatives", including its recent multi-year game development deal with Disney and expansion to Toronto.

CommonGrounds Raises $100M to Open More New Flexible Office Spaces

Xconomy

Billions of dollars have already flowed to the purveyors of shared workspaces, and the investment spigot isn’t turning off yet. CommonGrounds Workspace, a San Diego, CA-based company that operates flexible office spaces in California and Colorado today, announced Wednesday that it had raised $100 million in a Series A financing to expand its lineup to roughly 50 sites during the next two years.

HyreCar Names New Chairman

socalTECH

Los Angeles-based HyreCar , which operates a marketplace that connects car fleet owners with ridesharing drivers, said on Tuesday afternoon that it has named Grace Mellis as its new Chairman of the Board of Directors. Mellis already was on the company's board of directors. HyreCar said Mellis takes over for Anshu (Andy) Banshal, who the company says has left its board to "pursue a new start-up opportunity". Mellis is founder and managing director of IGA Capital.

Mentor 109

After 33 Exits in 5 Years, WI Seeks “More and Bigger” Startup Deals

Xconomy

When Propeller Health’s founders initially tried to raise funding for their new healthcare technology venture, many of the investors they spoke with were hesitant to take the risk. It was the early part of this decade, and Propeller was navigating the FDA’s regulatory process for medical devices. The company believed it had a chance to become one of the first to earn market clearance from the agency for a software product, says Propeller co-founder and CEO David Van Sickle.

Esri Targets Developers With New Pay-A-You-Go Plan For ArcGIS

socalTECH

Redland-based Esri , which develops the popular ArcGIS geographical information systems (GIS) tools, says it is looking to make the software more popular with developers with a relaunch of its ArcGIS For Developers products, and adding flexible, pay-as-you-go plans for the software. Esri said the changes to its service make the service "more accessible and affordable", and also include a decrease in pricing for routing transactions and a new commercial app deployment experience.

Snap Loses CFO

socalTECH

Venice-based Snap , the parent firm of Snapchat , said in a regulatory filing on Tuesday that Tim Stone, its CFO and principal financial officer, has resigned. According to Snapchat, Stone has decided to "resign to pursue other opportunities", saying that the departure is "not related to any disagreement with us on any matter relating to our accounting, strategy, management, operations, policies, regulatory matters, or practices".

Venice 109