Mon.Jun 08, 2020

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Arch Shifts VFX Work to the Cloud

L.A. Business Journal

The coronavirus pandemic has slowed the visual effects industry, but Hollywood-based Arch Platform Technologies Inc. is helping to bring VFX artists back to their workstations, virtually.

Hollywood 214
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Karma Automotive Sets Chief Strategy Officer

socalTECH

Irvine-based electric car developer Karma Automotive announced this morning that it has named Greg Tarr as the company's new Chief Strategy Officer (CSO). According to Karma, Tarr has previously served at such companies at Vvodafone China, Singel's Globe Telecom, Axiata Group and Rogers Communitions, Gympse, Sirius XM, Networks in Motion, as well as a number of other companies.

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Bird Scraps Some Scooters

L.A. Business Journal

Santa Monica-based Bird Rides Inc. is reportedly scrapping 8,000 to 10,000 e-scooters across cities Qatar, Bahrain and the United Arab Emirates. The e-scooters belonged to Circ, a Berlin-based company Bird acquired in January.

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Interview with Scott Grimes, Stackin

socalTECH

Our interview today is with Scott Grimes , the CEO of Los Angeles-based Stackin' , which operates a text-based, financial messaging platform. Stackin recentlyraised $12.6M in a funding round led by Octopus Ventures, and also which also included Experian Ventures, Cherry Tree Investments, Dig Ventures, Mucker Capital, Unlock Venture Partners, TechStars and Wavemaker Partners.

Content 124
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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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Bird Scraps Some Scooters

L.A. Business Journal

Santa Monica-based Bird Rides Inc. is reportedly scrapping 8,000 to 10,000 e-scooters across cities Qatar, Bahrain and the United Arab Emirates.

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Ford’s 2020 Escape plug-in hybrid takes aim at Toyota RAV4 Prime

TechCrunch LA

The 2020 Ford Escape plug-in hybrid — a first for the SUV — comes with an EPA-estimated 37 miles of all-electric driving range and 100 miles per gallon equivalent, stats that will put the redesigned model into competition with the new Toyota RAV4 Prime. The Toyota RAV4 Prime has an estimated 42-mile EV range and 94 MPGe. Toyota unveiled the first plug-in hybrid version of the model at the Los Angeles Auto Show in November 2019.

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Avidity Biosciences Sets IPO Pricing Range

socalTECH

La Jolla-based Avidity Biosciences , which is developing oligonucleotide-based therapies for rare and serious diseases, has set the pricing range for its IPO, saying it is looking to sell 10 million shares at between $14.00 and $16.00 per share. The company said it has applied to list on the Nasdaq Global Market as RNA. Avidity Biosciences is venture backed by RTW Investments, Cormorant Asset Management, Eli Lilly and Company, ALETHEA Capital Management, and EcoR1 Capital.

Pricing 113
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Dating App for Gamers Raises $2 Million

L.A. Business Journal

Downtown-based Covalent Inc., the developer of gamer dating app Kippo, has raised $2 million in a seed round.

Develop 130
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Riot Games Commits $10M To Minority Owned Game Studio Investments

socalTECH

Los Angeles-based Riot Games is looking to help patch up rocky race relationships in the United States, saying over the weekend that it will invest $10M in minority-owned game studios, in addition to providing $1M to the Innocence Project and the ACLU (American Civil Liberties Union), via is Social Impact Fund. The donations are among a number being made by video game companies, including $1M from Zynga and $1M from Electronic Arts to a number of organizations supporting minority causes.

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6 Tips To Market Your Idea Before Building A Solution

Startup Professionals Musings

Savvy entrepreneurs start testing their ideas on potential customers even before the concept is fully cooked. They have enough confidence in their ability to deliver that they don’t worry about someone stealing the idea to get there first, and they don’t forget to listen carefully to critical feedback. They become walking public relations machines for themselves, as well as their idea.

Ideas 124
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Pandemic Hits In Person VR Firm Spaces

socalTECH

Santa Monica-based Spaces , led by CEO Shiraz Akmal, has had to shut down all of its VR rides and experiences worldwide due to the ongoing coronavirus pandemic, and has pivoted to building VR applications, acording to a report. The company--which had been building out a network of in-person, virtual reality (VR) rides in the U.S., China, and Japan--is a spinoff of Dreamworks Animation.

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Akouos Aims for an IPO to Advance Hearing Loss Gene Therapy to Clinic

Xconomy

Hearing loss can stem from a variety of reasons, but in rare cases it’s caused by genetic defects. Akouos is developing a gene therapy to address these problems and it’s planning an IPO to finance the first tests of its approach in humans. In paperwork filed with regulators late Friday, Boston-based Akouos set a preliminary $100 million goal for its IPO.

Develop 76
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Eyenuk In Pilot For Eye Screening For Devlyn Optical

socalTECH

Los Angeles-based Eyenuk , which develops systems that use artificial intelligence (AI) and software to detect diabetic retinopathy (DR), says it is in a pilot to provide eye screening to Devlyn Optical , a spin-off of Grupo Devlyn, an optical retailer that has a network of over a thousand stores in Mexico, Guatemala, El Salvador, and the US. Financial details of the deal were not announced, however, the two said they will collaborate on a pilot of diabetic retinopathy (DR) screening services at

Screening 113
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Oasis Discovery Expands In Europe

socalTECH

Los Angeles-based Oasis Discovery , a provider of virtual e-discover software and services, said last week that it has expanded in Europe, adding a new team and data center in the UK. The company said the new center and staff will serve legal service providers, law firms, and corporate legal departments across the United Kingdom and Europe. The company says it now has three data centers, and a "fully distributed" workforce.

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Amplyx Pharmaceuticals Names VPs

socalTECH

San Diego-based biopharmaceuticals developer Amplyx Pharmaceuticals announced today that it has named Chris LeMasters as Chief Operating Officer and Carlos Sattler, M.D., as Senior Vice President, Clinical Development. LeMasters was most recently Chief Business Officer of Mirati Therapeutics, with Sattler previously serving at Halozyme, Sandoz, and Merck.

San Diego 113