L.A. Business Journal

JANUARY 25, 2017

Ring raises $109 million and eyes initial public offering, Elon Musk endorses former ExxonMobil Chief Tillerson for Sec. of State, and 3-D car part printer Divergent raises $23 million.

Report 141

Report 141

socalTECH

JANUARY 25, 2017

OfferPad , a startup which operates an online service which provides instant home buying offers to homeowners, is planning to launch its service in Los Angeles, after raising $260M funding. OfferPad, which is based in Arizona, said the funding came from LL Funds LLC. The funding is split between $30M in equity and $230M in debt. OfferPad lets homeowners enter their address and gives them an offer on the house, buying homes directly from homeowners.

Los Angeles 116

Los Angeles Angel Funding Equity 116

SoCal Tech Calendar

JANUARY 25, 2017

Tuesday, January 31, 2017 -- 30 Under 30: Los Angeles. Another year of Forbes 30 Under 30, and another group of awesome LA founders getting global attention. We're celebrating and highlighting some of the recent selections with an evening event at Cross Campus Santa Monica. We'll host a panel of recent 30 Under 30 winners who will share what it takes to rise above the noise, and offer tips for chasing this particular honor.

Los Angeles 100

Los Angeles Angel Santa Monica Tips 100

socalTECH

JANUARY 25, 2017

Los Angeles-based Divergent3D ,a developer of technology, hardware, and software specifically aimed at 3D printing for automotive manufacturers, said this morning that it has raised $23M in a Series A funding round. The funding was led by Horizons Ventures, and also included automotive and aerospace engineering provider Altran. The company said the funding will go towards its platform, which it says uses 3D printing to cut the time to market and costs of automotive manufacturing.

Technology 116

Technology Los Angeles Platform Funding 116

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.

Company

Xconomy

JANUARY 25, 2017

Just as the NFL marketing machine is stoking the build-up to Super Bowl LI, a San Diego diagnostic company headed by a former Denver Broncos player has unveiled plans for a new clinical study of traumatic brain injuries among retired NFL players. Exosome Sciences, a subsidiary of San Diego’s Aethlon Medical (NASDAQ: AEMD ), said today it is supporting research that could validate a potential biomarker for the type of neurodegenerative disease that shadows many football players as they grow older

San Diego 60

San Diego Study Research Marketing 60

socalTECH

JANUARY 25, 2017

Los Angeles- and Austin-based VRMedia Technology said on yesterday that it has launched, as a joint venture between MC Capital Advisors/Media Content Capital, and virtual reality and computer graphics filmmaker Greg Passmore , and his company, PassmoreVR. According to the company, it is developing high-performance software and hardware for creating, processing and playing superior-quality virtual reality content for entertainment, commercial and industrial settings such as film festivals, school

Software 116

Software Content Entertainment Los Angeles 116

socalTECH

JANUARY 25, 2017

San Diego-based Ad-Juster , a developer of automated reconciliation and reporting software for the digital ad market, was recently acquired by Chinese investor Innotech Capitals. Financial details of the acquisition were not announced. Ad-Juster was founded in 2007, and was led by Mike Lewis. Ad-Juster and Innotech Capitals said that Ad-Juster will retain its current management team and business model.

Capital 109

Capital San Diego Acquisition Report 109

socalTECH

JANUARY 25, 2017

Los Angeles-based Ring , the developer of connected doorbells, security cameras, and other similar devices, has raised $109M in a big financing round, to help fund global growth. The funding came from DFJ Growth, Goldman Sachs Investment Partners and Qualcomm Ventures, plus Sir Richard Branson, American Family Insurance, Shea Ventures and True Ventures, and others.

Funding 109

Funding Southern California Los Angeles Entrepreneur 109

socalTECH

JANUARY 25, 2017

Carlsbad-based Proficio , a managed security provider (MSP), said Tuesday that it has named Dustin Ritter as the company's Chief Marketing Officer (CMO). Ritter was previously CMO at Resolve Systems. Ritter also has served at Trackforce and MarcomCentral, among other companies. The company said Ritter will oversee global expansion initiatives at the company.

Capital 109

Capital Funding Marketing Company 109

socalTECH

JANUARY 25, 2017

Los Angeles-based XPRIZE and Google announced the fiveremaining teams in the Google Lunar XPRIZE effort on Tuesday, saying that it will split $1M among those teams, as they move forward to launching their unmanned spacecraft to the moon. Google said that SpaceIL (Israel), Moon Express (USA), Synergy Moon (international), TeamIndus (India) and HAKUTO (Japan) have all signed verified launch contracts to land their unmanned spacecraft on the surface of the Moon.

Google 109

Google Los Angeles Angel 109

socalTECH

JANUARY 25, 2017

Irvine-based car financing startup AutoGravity , which develops a mobile app and marketplace which provides car buyers with financing offers, announced this morning that it is in a national expansion. AutoGravity says its service is now available to consumers in 46 states, providing personalized loan and lease offers for buyers when they are shopping for a automobile, before they visit a dealership.

Mobile 109

Mobile Services Startup Develop 109