Tue.Dec 11, 2018

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AppOnboard raises $15 million to let Android users try before they buy apps on Google Play

TechCrunch LA

Pitching app developers with a new way to convert app browsers into actual customers, AppOnboard has raised $15 million in a new round of funding, the company said. Based in Los Angeles, AppOnboard sees itself as one of a new breed of LA startup that’s steeping itself in the local ecosystem and trying to be one of the cornerstone’s for a new technology hub in the southern California region.

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Calibrate Ventures Raises $80M Investment Fund

socalTECH

Pasadena-based Calibrate Ventures , a brand new venture capital firm founded by Kevin Dunlap and Jason Schoettler, announced on Tuesday morning that it has raised $80M in its very first venture capital fund, Calibrate Ventures, L.P. According to the newly created venture capital firm, it will focus on early revenue startups, focused on companies across both the consumer and enterprise sectors.

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AppOnBoard Closes $15 Million Series B

L.A. Business Journal

Mobile app demo and analytics platform AppOnboard Inc., based in Santa Monica, announced Dec. 11 it completed a $15 million series B funding round led by Breakaway Growth Fund, bringing its total 2018 fundraising to $30 million. To date, AppOnboard has raised $35 million.

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Interview with Jordan Glazier, Wildfire Systems

socalTECH

Anyone knows that word-of-mouth recommendations--whether from friends, family, or influencers--carries a huge amount of weight when you're making purchasing decisions. So, if you're a marketer, how do you track and encourage those word-of-mouth recommendations? And, if you're a social platform, is there a way to monetize all that activity happening on your service?

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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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Silicon Beach Report Dec. 11: AppOnboard Raises $15 Million

L.A. Business Journal

Hulu opens ad bidding; Calibrate Ventures completes inaugural fund; AppOnboard funding totals $35 million.

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IQMS Acquired By Dassault For $425M

socalTECH

In another big, software acquisition for California's Central Coast, Paso Robles-based IQMS , a developer of ERP software for the engineering and manufacturing industry, has been acquired by French software giant Dassault Systemes. Dassault said that it is paying $425M in cash for IQMS, in order to extend its solutions to business operations for small and midsized manufacturers.

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Veritone Gets Acquisition Bid From Apis Capital Management

socalTECH

Costa Mesa-based Veritone , a developer of artificial intelligence software, said it has received an unsolicited acquisition bid from private equity firm Apis Capital Management. According to Veritone, Apis has offered to acquire all of its outstanding shares for $10.26 per share in cash. Veritone said the proposal is an increase from an earlier offer to pay $8.00 per share in cash for the company, which it received on December 4th from Apis.

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Truepic Acquires Image Forensics IP to Broaden Anti-Fraud Offering

Xconomy

Image authentication startup Truepic said Tuesday it has acquired the intellectual property and software behind San Jose-based Fourandsix Technologies—including Izitru, an image forensics technology licensed earlier this year by DARPA. Fourandsix (pronounced “forensics”), founded by Hany Farid, a Dartmouth professor and digital forensics expert, and Kevin Conner, formerly vice president of product management for Adobe’s (NASDAQ: ADBE ) digital imaging business, is shutting down.

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8minuteenergy In $200M Solar Power Joint Venture With J.P. Morgan, Upper Bay

socalTECH

Los Angeles-based 8minuteenergy Renewables , a private solar and energy storage developer, said it has entered into a joint venture with J.P. Morgan Asset Management and an affiliate of Upper Bay Infrastructure Partners , which will provide over $200M in capital for 8minutenergy's pipeline of products. According to the firms, the joint venture will support 8minuteenergy's 10.7 gigawatt pipeline of projects. 8minuteenergy builds utility-scale solar projects.

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House Members Grill Google CEO Amid Bipartisan Privacy Concerns

Xconomy

Google CEO Sundar Pichai took his turn in the Congressional hotseat on Tuesday, following similar appearances by the chief executives of Facebook and Twitter earlier this year before lawmakers who are increasingly alert to the vast societal impact of Silicon Valley tech giants. House Majority Leader Kevin McCarthy opened a hearing before the House Judiciary Committee by saying that Pichai’s testimony was needed “because of the widening gap of distrust between technology companies and the America

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sensemetrics Gets $10M For IoT Sensor Software

socalTECH

San Diego-based sensemetrics , a startup developing software to digest the vast amount of industrial Internet-of-Things (IoT) sensor data in the areas of mining, dams, energy and the industrial machine sectors, said on Tuesday that it has raised $10M in a financing round. The Series A funding was led by German inestor X2 I Equity, and also included Mooring Ventures and Three Curve Capital.

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With New Cash, Sensemetrics Aims to Take Industrial IoT Tech Global

Xconomy

Thinking about Internet-connected devices often brings to mind “smart” home appliances and consumer gadgets. San Diego startup Sensemetrics is applying that technology to the industrial Internet-of-things sector (IIoT), selling access to its cloud platform to the world’s largest mining companies and government agencies monitoring major infrastructure, such as dams.

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AppOnboard Finds $15M More For Mobile App Demos

socalTECH

Los Angeles-based AppOnboard , the startup developing mobile app demo and analytics software, has raised $15M more in a funding round, the company said on Tuesday morning. The funding was led by Breakaway Growth Fund, and also included Tiller Partners & Rainier Partners, plus Manta Ray Ventures, Runa Capital, Korea Investment Partners, Mirae Asset Management, MTGx, Troy Capital Partners, and 500 Startups.

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4 Essential Capabilities of Managed Network Services Providers for Enterprises

Southern California Edison Blog

As more companies become highly dependent on technology, the need for dependable and secure network infrastructure resources grows as well. Enterprises have become dependent on high-quality networks that can transport large quantities of data at high speeds. Some enterprises have adopted privately operated services to meet their needs. Privately operated networks typically include fiber optic cable only, giving enterprise IT teams the freedom to light their dark fiber strands, configure, and man

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Jaanuu Snags $15M More For Medical Apparel

socalTECH

El Segundo-based medical apparel brand Jaanuu --formed by former investment banker Shaan Sethi and his sister, Dr. Neela Sethi Young --has snagged $15M more in funding, the company said this week, bring the company's total raised to $25M. The funding was led by JMK Consumer Growth Partners, and also included existing investors, including the Nordstrom family, and new investor David Kessenich, Managing Partner and Co-Founder of healthcare private equity firm Excellere Partners.

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Trovata Gets Seed Funding From J.P. Morgan

socalTECH

San Diego-based Trovata , a company developing cash automation software for the treasury management market, has raised a round of seed funding, led by J.P. Morgan, according to the company. Size of the investment round was not announced. According to Trovata, it has developed a cash automation platform built on open banking for finance and treasury operations, which is currently in a pilot with Square and JPMorgan Chase & Co.

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Cast & Crew Acquired By Private Equity Investor EQT

socalTECH

Burbank-based Cast & Crew , which provides software and services for both payroll and production management to Hollywood, has been acquired by private equity investor EQT Partners. Financial details of the buy were not announced. Cast & Crew previously was owned by private equity investor Silver Lake. EQT Partners said Cast & Crew was acquired by its EQT VIII fund.