Tue.Feb 05, 2019

$190 Million in Cryptocurrency Missing Due to Lost Password


Cryptocurrency is rarely out of the news, but the recent case involving Canadian currency exchange QuadrigaCX is a real show stopper. With the sudden death of its founder, Gerald Cotton, customers are owed an estimated $190 million due to a missing password only he knew.

Why Stacey Abrams got the First Standing Ovation in #UpfrontSummit History

Both Sides of the Table

Stacey Abrams Interviewed by Lisa Borders, CEO of TimesUp This past week Stacey Abrams spoke at The Upfront Summit in a 25-minute talk followed by a breakout town hall discussion. You may know that later today she will deliver the response to The State of the Union speech by the president.

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Interview With Jamie Montgomery, March Capital Partners On The Firm's New Fund


Santa Monica-based venture investor March Capital Partners (www.marchcp.com) announced last week that it has raised a second fund, worth $300M. To learn about the new fund, we sat down with Jamie Montgomery , one of the fund's co-founders, to hear about March Capital's strategy and the new fund. Tell us a little bit about the new fund? Jamie Montgomery: It's interesting, as you grow, you get bigger and more focused. We found out what we're really good at, and we're drilling into those areas.

An Evening With Dae Bogan, Dae Bogan Music

SoCal Tech Calendar

Monday, February 11, 2019 -- An Evening With Dae Bogan, Dae Bogan Music, CLU Entrepreneur Speaker Series. See [link] (more

Machinima Lays Off Most Employees, Ceases Operations, Say Reports


Machinima , which had been the poster child for Southern California's multi-channel-network (MCN) boom, has laid off most of its employees and ceased its operations , according to reports. The shutdown comes after a reorganization of the digital properties of AT&T, as well as its Otter Media subsidiary. Machinima had been acquired by Warner Bros. in 2016, in a deal then reported as worth less than $100M.

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Reducing the cost of going electric

SoCal Tech Calendar

Monday, February 11, 2019 --.


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CrowdStrike Links With Third Party Apps


CrowdStrike , the developer of endpoint protection software which was started in Irvine, says it is looking to leverage third-party applications, through a new open interface to its CrowdStrike Falcon platform. According to CrowdStrike, it has launched The CrowdStrike Store, which lets its customers discover, try, buy, an ddeploye partner applications alongside its platform.

Pocket.watch Launches Mobile, Console Game Division


Los Angeles-based entertainment content and products developer Pocket.watch said on Monday that it has launched a new, mobile and console games divison, called P.W Games. According to the copany, the new gaming studio will bring a series of both mobile and console games to market, targeted at kids and family. The new studio said it will work directly with Pocket.watch's exiwsting YouTube creator partners to create its mobile games. The first title to launch out of P.W

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CathWorks Collects $30M


Aliso Viejo, California- and Kfar-Saba, Israel-based CathWorks , a developer of Fractional Flow Reserve (FFR) medical equipment used in percutaneous coronary intervention, has raised $30M in a Series C funding round, the company announced late Monday. The funding was led by Deerfield Management. According to the company, which already has FDA 510(k) clearance for its medical device, the new funding paves the way for acceleration of its clinical and commercial activities in the United States.

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ViaSat Power In-Flight Wireless For Italian Airline


Carlsbad-based satellite connectivity and equipment provider Viasat reported a win in Italy today, with Italian airline Neos and its fleet of new Boeing 787 Dreamliners. According to ViaSat, it will provides its in-flight connectivity services to the new Neos fleet of Boeing 787 Dreamliner aircraft. Financial details of the win were not announced. Neos has been operating the Boeing 787 since December of 2017. Financial details of the deal were not announced.

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Xencor Receives $120M From Genentech


Monrovia-based biopharmaceuticals technology developer Xencor has received $120M in an upfront payment from Genentech this morning--and up to another $180M in development milestones--as part of a new deal to commercialize an immune activating cytokine based on Xencor's technology.

Signal Sciences Scores $35M For Securing Web Applications


Culver City-based Signal Sciences , which develops web application security firewalls, is announcing this morning that it has raised $35M in a Series C funding round. The funding was led by Lead Edge Capital, and also included CRV, Index Ventures, Harrison Metal and OATV. According to the company, Lorrie Norrington of Lead Edge Capital joins the company's board with the funding round.

FloQast Wins WP Engine


Los Angeles-based accounting management software FloQast reported a win today with WordPress hosting service WP Engine. Financial details of the win were not announced. FloQast develops close management software for accountants. FloQast says WP Engine has more than $132M in annual recurring revenues. FloQast says its customers now include such companies as DoorDash, AdRoll, Indeed, Shopify, Ancestry.com, Twilio, Dollar Shave Club, Zillow and The Golden State Warriors. READ MORE>>.