Wed.May 08, 2019

Pearl, the healthcare spinout from LA-based AI startup, GumGum, raises $11 million

TechCrunch LA

GumGum , the Los Angeles-based startup that’s spent the past decade applying machine learning technologies to advertising and sports, has spun out a new healthcare startup focused on the dental industry called Pearl.

Yammer 206

j2 Global's Q1 Revenues Rise To $299.9M

socalTECH

Los Angeles-based J2 Global , the owner of such Internet publishing brands as IGN, Mashable, PCMag, Everyday Health, and also cloud services such as eFax, eVoice, KeepItSafe, and Livedrive, reported its quarterly results on Tuesday evening, saying that its quarterly revenues rose to a record of $299.9M. Those quarterly results were up from Q1 of 2018, when the company had revenues of $280.6M. The company said net cash provided by its operating activities increased to $116.9M

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University Venturing Summit 2019

SoCal Tech Calendar

Tuesday, May 14, 2019 -- University Venturing Summit 2019. The best and brightest ventures from top Southern California universities will demo their ventures to angel investors and other resources in the new venturing community. See [link] (more

Appetize Sees Gains With Self Service Kiosks

socalTECH

Playa Vista-based point-of-sale equipment and software provider Appetize says that its recent move to offer up "self-service" kiosks to its customers, has resulted in its customers seeing more spending and demand. The company--which uses tablets and other technology to provide a more modern approach to point-of-sale terminals--said its customers are seeing an up to 40 percent increase in order size due to the availability of its self-service kiosks.

TIF/ Corporate VC Program

SoCal Tech Calendar

Tuesday, May 14, 2019 --.

Neural Analytics Finds $22M For Medical Robotics

socalTECH

Los Angeles-based Neural Analytics , a developer of medical robotics technology being used to track and measure brain health in possible stroke victims, has raised $22M in its Series C funding, the company said this morning. The company says it has now raised approximately $66M in total. The Series C funding was led by Alpha Edison.

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AEG Backs UN Sports, Climate Effort

socalTECH

Los Angeles--based sports and live entertainment company AEG --which is behind the LA Kings , LA Galaxy , as well as Eisbaren Berlin and the Ontario Reign, said it has stepped up to support the United Nation's Sports for Climate Action Framework. The framework outlines a set of principles for the global sports community, to help combat climate change and to use sports as a "unifying tool" to drive climate awareness.

MabVax Therapeutics' Assets Acquired By German Company

socalTECH

The antibody assets and infrastructure of San Diego-based MabVax Therapeutics has been acquired by a German company, BioNTech SE , according to BioNTech SE. Financial details of the acquisition were not annoucned. BioNTech SE is acquiring those assets out of the Chapter 11 bankruptcy proceedings for MabVax. According to BioNTech SE, it itends to establish a new, research facility in San Diego as a result of the agreement.