Thu.May 16, 2019

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Virgin Hyperloop One Raises $172 Million

L.A. Business Journal

Hyperloop Technologies Inc., doing business as Virgin Hyperloop One, raised $172.2 million of a planned $224.7 million equity funding round May 13 according to Securities and Exchange Commission filings.

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Connect Homes Finds $10.8M For Prefab Housing

socalTECH

Los Angeles-based Connect Homes , a developer of prefab housing technology, has raised $10.8M in its Series A funding round, according to the company. The funding was led by Brick & Mortar Ventures and Virgo Investment Group, and also included MetaProp, Almubader Growth Fund, and Wells Fargo Strategic Capital. As part of the funding, the company added Brick & Mortar's Darren Bechtel, and Virgo's Scott Johnson to its board of directors.

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Five ways to make your company stand out.

Berkonomics

There must be at least several companies out there right now positioning to compete with you. If you’re large enough, you may be the target, and if smaller, you are the minnow not the shark – and need to be agile and creative. The five strategies: Picking one to emphasize. So, how do you position yourself to be a stand out? There are five strategic positioning areas for you to consider.

Company 120
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Isaac Garcia, CEO and Founder of Sales Insider

socalTECH

For our interview this morning, we caught up with Isaac Garcia , a serial entrepreneur who previously founded and sold his last company, Central Desktop, and now is working on a new startup, Sales Insider. Isaac told us a bit about how he thinks his company can help solve the recruiting issues with hiring software sales repsand also tells new entrepreneurs that sometimes, you just can't have it all, and the challenges of balancing a startup, family life, your health, and the rest of your life.

Sales 133
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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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Verb Technology Reports First Quarter Earnings

L.A. Business Journal

Hollywood-based interactive video advertising Verb Technology Company Inc. reported its first quarter earnings May 16, posting a loss despite an overall revenue increase in its first earnings report since going public.

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bioClarity Lands $13M For Millennial, Gen Z Skincare Brand

socalTECH

San Diego-based bioClarity , a skincare brand which markets itself to millennial and Gen-Z consumers, has raised $13M in a funding round, the company said thsi week. The funding was led by Prolog Ventures. According to the comapny, the first close of its new investment round will help it accelerate its growth. The company is part of Adigica Health, Inc.

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TigerConnect Names Client Success VP

socalTECH

Santa Monica-based healthcare communications software developer TigerConnect said on Wednesday that it has named Sarah Shillington its Senior Vice President of Client Success, to lead the company's customer onboarding team. TigerConect said that Shillington joins the company from Leidos Health, and has more than 25 years of experience in healthcare IT.

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ASCO Abstracts: Breast Cancer, Precision Treatments in the Spotlight

Xconomy

The world’s biggest annual cancer conference is just around the corner. Data presented at the American Society of Clinical Oncology meeting each year can change medical practice and make or break companies whose drugs are under the microscope. That’s what makes even the “abstracts,” or snippets of data revealed a few weeks before the meeting, so noteworthy.

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XPRIZE Awards $15M In Global Learning Competition

socalTECH

Marina Del Rey-based XPRIZE , the organization led by Dr. Peter H. Diamandis which seeks to spur innovative solutions to the world's problems, has awarded $15M in the Global Learning XPRIZE , the prize which challenged innovators to create a way to enable children to teach themselves basic reading, writing and arithmetic within 15 months. According to XPRIZE, it decided to split the top $10M award in the competition between two winners-- Kitkit School , which has developed a learning program usi

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ViaCyte, Fate & More: Xconomy Awards San Diego Big Idea Finalists

Xconomy

The finalists in the Big Idea category of the Xconomy Awards San Diego are pursuing ambitious goals in pursuit of better ways of improving health. Their approaches range, from a new way to deliver insulin to patients with Type 1 diabetes to an innovative method to detect brain trauma that could reduce the need for medical imaging. Here are brief profiles of the finalists.

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DTS Links Play-Fi Into AirPlay 2

socalTECH

Calabasas-based audio technology developer DTS , which is owned by Xperi, said this morning that it has begun supporting Apple's AirPlay 2 in its DTS Play-Fi products. DTS offers up its Play-Fi technology to audio equipment OEMs, allowing those OEMs to build their own whole-home audio systems. According to DTS, so far, support for AirPlay 2 has rolled out on the McIntosh RS200 and Arcam rPlay, with additional products to be announced this year.

Calabasas 113
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BioClarity, Maker of “Clean, Green” Skincare Products, Raises $13M

Xconomy

BioClarity, which sells plant-based skincare products to online shoppers, announced Wednesday that it has raised a $13 million investment round. The San Diego-based company is part of Adigica Health, an e-commerce company founded in 2016 to develop and market direct-to-consumer healthcare products. Prolog Ventures led the round with a $6 million investment; BioClarity said earlier investors, which it didn’t name, also participated.

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SpaceX Planning Another Try On Starlink Satellite Launch Today

socalTECH

SpaceX , which is in the midst of attempting to launch 60 satellites into space, said that it will try again today to launch its first set of Starlink communications satellites into space today at 10:30 p.m. EDT. SpaceX scrubbed the original launch on Wednesday, due to excess upper level winds. SpaceX is launching the 60 Starlink satellites from Cape Canaveral Air Force Station in Florida.

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Tealium Takes $55M More

socalTECH

San Diego-based Tealium , which develops tag management software used data integration, has raised $55M more in a Series F funding round, according to the company. The funding was led by Silver Lake Waterman, and also included ABN AMRO Digital Impact Fund, Declaration Partners, Parkwood and existing investors. The funding reportedly values the company at $850M.