socalTECH
OCTOBER 15, 2020
Los Angeles-based online backup and storage provider IDrive Online Backup says it has released a new service, which provides secure video conferencing. According to IDrive, its new tool, EPYC, offers both secure video conferencing and "AR" capability for remote workforces. The company said it launched the new tool as a result of COVID-19 and the current remote work climate.
Berkonomics
OCTOBER 15, 2020
Investors love it when entrepreneurs draw little or no money from their startups. It extends the cash available for research and other necessary fixed costs and gives the fragile, young company more “runway” to get to breakeven. What are you worth to the business? But when forecasting the ultimate viability of a business, many times an entrepreneurial founder uses a low, unsustainable salary rate for him or herself in order to show early breakeven.
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socalTECH
OCTOBER 15, 2020
San Diego-based RayzeBio , which is working on using radioactive materials to treat cancer, said this week that it has raised $45M for its cancer therapeutics efforts. The Series A funding was led by venBio Partners and Versant Ventures, and also included Samsara BioCapital. The company said the funding will go to advance its development of a pipeline of targeted radiopharmaceuticals for cancer therapeutics.
socalTECH
OCTOBER 15, 2020
San Diego-based AlphaTrAI , a fintech startup which is backed by venture capital investor Analytics Ventures, says it is launching its own, extrenal fund, and is expanding its leadership team. The company--which develops artificial intelligence and machine learning software specifically for managing investments for high net worth investors and family offices--did not provide many other details on its fund, but says its team now includes Andreas Roell as CEO; Homa Karimabadi as Chief Science Offi
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
OCTOBER 15, 2020
San Diego-based Evofem Biosciences , a biopharmaceuticals firm which is developing products to prevent urogenital chlamydia and gonorrhea in women, and which also markets a vaginal contraceptive gel, saysi t has raised $25M in a strategic investment. The publicly held company--which trades on the NASDAQ as EVFM--said the investment came via unsecured convertible promissory notes.
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