Thu.Jul 06, 2017

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Yes, You Can Get A Scholarship To College To Play Overwatch

socalTECH

Are you a competitive, e-sports player specializing in Overwatch , the popular title developed by Blizzard? The University of California, Irvine, said on Wednesday that it will offer up an e-sports scholarship to the school, where it will provide $2500 a year to players who attend the school--and commit to another 15-20 hours per week working on practice, team meetings, competitions, and other efforts.

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Silicon Beach Report July 6: Snap Inc. and Competitors Bidding for World Cup Video Rights From Fox

L.A. Business Journal

Snap Inc. and competitors bidding for World Cup video rights from Fox, Miso Robotics raises $3.1 million, and SpaceX launches 10th rocket this year.

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Digital Domain Expands In China, Taps Tech Veterans For Posts

socalTECH

Los Angeles-based visual effects company Digital Domain said on Wednesday that it is expanding in China, and has opened up new studio in Beijing. The company said it has named Frank Ming Wei--former President of YouKu.com--as Executive Director, Vice Chairman and CEO of Greater China, and also named three board members--including one from SoftBank. The three board members include Pu Jian (CITIC Limited), Alan Song (managing partner of SoftBank China Ventures Capital), and John Lagerling (formerl

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5 Privacy Worries on 4 Wheels: Staying Safe in the Connected Car Era

Xconomy

As modern vehicles are upgraded to include Internet-enabled technologies designed to access, store, and transmit data for entertainment and safety purposes, consumers are presented with a double-edged sword. On one hand, these connected systems provide important convenience benefits for consumers, but on the flip side, motor vehicles are being exposed to a growing number of security and privacy risks.

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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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Axonics Ups Series C Funding By $20.5M

socalTECH

Irvine-based medical device maker Axonics Modulation Technologies has raised $20.5M more in its Series C funding, bringing the funding in the round to a total of $35M. According to Axonics, the second closing included Gilde Healthcare, and La Jola-based CICA. The funding also included Cormorant Asset Management. As part of the funding, Gilde Healthcare's Geoff Pardo joins the company's board.

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Bayer Signs Deal with San Diego’s SlantRange to Analyze Farm Data

Xconomy

SlantRange, a San Diego startup that specializes in providing agricultural data and analytics for farmers, has landed its first strategic agreement with a major agribusiness company. In a statement today , SlantRange says it is now working to collect and analyze crop data for Bayer Crop Science, a division of Bayer’s North American operations based in Research Triangle Park, NC.

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Boy! If I had only learned this before spending a million!

Berkonomics

Know your market and competition, or don’t spend a dime on anything else. I love absolutes – statements with no wiggle room for gray-area responses. Well, here is one of those, and it deals with market research first and foremost. Close. Let me tell you a short story at my own expense. In 1994, (I know a long time ago), I invested over a million dollars into a company whose entrepreneurs had a vision that I bought into for many reasons, not the least of which was that I had industry experience

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XCOR Aerospace Fails To Launch, Lays Off Rest Of Employees

socalTECH

Among a largely successful rush to establish a vibrant commercial aerospace industry in Southern California, it appears one company--Mojave-based XCOR Aerospace --has failed to launch. XCOR has apparently laid off all of its employees , due to the inability of the company to raise money. XCOR--which has been working on developing a "space plane" since at least 2005--said the layoffs came due to "adverse financial conditions", although it apparently is still looking for funding.

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Kangarootime Gets Seeded

socalTECH

Los Angeles-based Kangarootime , a startup developing cloud-based software for childcare centers, has raised a seed funding round, the company said this week. The funding came from Skyview Ventures LLC, Mucker Capital, and the Tech Coast Angels. Kangarootime says it develops software that allows childcare centers and other educational centers to digitize their operations, including allowing parents to check their children in and out of centers, pay tuition, view and share photos, and more.

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Clearlake Sells Syncsort, Vision Solutions To Centerbridge

socalTECH

Santa Monica-based private equity investor Clearlake Capital Group said on Thursday that it has agreed to merge Syncsoft Incorporated and Vision Solutions , two enterprise software companies that it already owns, and sell the resultant company to Centerbridge Partners. Clearlake said the deal is worth $1.26 billion. Clearlake acquired Syncsoft in 2015, and Vision Solutions in 2016.

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PointPredictive Raises Series A For Fraud Fighting AI Software

socalTECH

San Diego-based machine learning startup PointPredictive announced on Thursday that it has closed a Series A funding round. The funding was led by Mosaik Partners. Size of the investment was not announced. PointPredicive is developing fraud and risk management software for the automotive lending, consumer lending, and mortgage lending markets. Mosaik Partners' Miles Kilburn joins the company's board with the funding.

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Newegg Runs Another Sale In Answer To Amazon Prime Day

socalTECH

Los Angeles-based online electronics retailer Newegg says it is holding a big sale on July 11th, which it bills "FantasTech", where it will feature deals on the "latest and greatest" tech products. According to Newegg, the sale--its third annual FantasTech sale--will feature discounts on hundreds of products. Newegg's sale is clearly timed as an answer to Amazon Prime Day, which is also July 11th.

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NantWorks Buys Its Own Healthcare System, Integrity Healthcare

socalTECH

Los Angeles-based NantWorks , the umbrella company managing the investments of billionaire Dr. Patrick Soon-Shiong, said on Wednesday that it has acquired the majority stake in Integrity Healthcare , which manages the Verity Health System. Verify Health Systems is a nonprofit, healthcare system which owns such hospitals as St. Francis Medical Center in Lynwood and St.

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Ambry Genetics Acquired For $1 Billion

socalTECH

Aliso Viejo-based Ambry Genetics , a developer of a suite of genetic tests for inherited and non-inherited diseases, has been acquired by Japanese company Konica Minolta , a deal worth $1 billion. According to Konica Minolta, it will pay $800M on closing, plus up to $200M in earnout, for Ambry Genetics. Konica Minolta said the transaction is partially funded by Innovation Network Corporation of Japan (INCJ).