socalTECH

AUGUST 28, 2017

Elon Musk , the CEO and founder of Los Angeles-based SpaceX , has a new company, Neuralink , which is looking to create a brain-computer interface--and now has $26.96M in the bank. According to a regulatory filing, Neuralink has raised $26.96 million from 12 investors. Elon Musk, in a Tweet, said that the startup is not raising additional money, despite indications otherwise in the firm's regulatory filings.

Company 145

Company Companies SpaceX Funding 145

SoCal Tech Calendar

AUGUST 28, 2017

Wednesday, August 30, 2017 -- Silicon Beach Networking Mixer At Wurstkuche in Venice. Join the fastest growing startup and tech community in Los Angeles! Meet new people and participate in lively discussions with outstanding names in the Silicon Beach community. Register immediately for an early bird ticket.

Venice 100

Venice Networking Los Angeles Startup 100

socalTECH

AUGUST 28, 2017

Irvine-based storage products maker Western Digital , said on Monday that it has acquired Redwood City, California-based Upthere. Upthere is a provider of cloud-based photo, music, video, and document storage services, aimed at the consumer market. Financial details of the acquisition wer enot announced. Upthere's storage platform, which works on iPhone, iPad, Android, macOS, and Windows, will become part of Western Digital's Client Solutions business.

Acquisition 113

Acquisition Platform Marketing Services 113

L.A. Business Journal

AUGUST 28, 2017

SpaceX Hyperloop competition winner goes 201 miles per hour, crowdfunding platform FlashFunders Inc. acquired and Hulu Live TV service adds the CW.

SpaceX 100

SpaceX Competition Hulu Report 100

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

socalTECH

AUGUST 28, 2017

Los Angeles-based private equity investor Levine Leichtman Capital Partners has acquired x-ray food safety inspection services provider FlexXray , the companies said this morning. Financial terms of the acquisition were not announced. FlexXray is based in Arlington, Texas, and was founded in 2001. Levine Leichtman said it made the acquisition of its LLCP Lower Middle Market Fund.

Equity 113

Equity Acquisition Los Angeles Services 113

Xconomy

AUGUST 28, 2017

It’s clear at this point that patients are no longer just subjects in clinical trials. Thanks to the growing power of patient advocacy groups—and an FDA eager to hear their perspective—patients and drug developers are increasingly finding creating ways to work together, as we’ve seen with the four finalists in the Patient Partnership category of the Xconomy Awards.

Research 83

Research Platform Help Develop 83

Startup Professionals Musings

AUGUST 28, 2017

Advice is cheap. As a new business owner, you don’t have to take any advice you hear, but failing to listen and learn from someone’s prior experience can cost you a fortune. As a long-time mentor and business advisor, I find it ironic that many look only to friends for advice. They forget that friends tell you what you want to hear, while good mentors tell you what you need to hear.

Mentor 72

Mentor Coach Help Ideas 72

socalTECH

AUGUST 28, 2017

Ford Motor Credit Company , the auto financing arm of Ford, will implement machine learning in its credit approval models, in a partnership with Los Angeles-based ZestFinance , the two said on Friday. According to the two, the two ran a study that measured the effectiveness of machine learning to better predict risk in auto financing, and found better risk prediction, opportunities to lower future credit losses significantly using ZestFinance's model.

Artificial Inteligence 113

Artificial Inteligence Study Los Angeles Angel 113

Xconomy

AUGUST 28, 2017

The news broke Sunday night that Uber has offered the job of CEO to Dara Khosrowshahi, the outspoken steady hand guiding Bellevue, WA-based online travel giant Expedia (NASDAQ: EXPE ) for the last dozen years. Khosrowshahi and Uber have not officially confirmed the news as of Monday evening. An internal e-mail from Barry Diller, Expedia chairman, says “Nothing has been yet finalized, but having extensively discussed this with Dara I believe it is his intention to accept.

News 62

News Guide San Diego Company 62

socalTECH

AUGUST 28, 2017

Valencia-based SetPoint Medical , which develops bioelectronic therapy to treat chronic inflammatory diseases, said today that it has raised $30M in its Series D funding. The funding came from existing investors, including NEA, Morgenthaler, Medtronic, Boston Scientific, Topspin, Action Potential Venture Capital and others. Setpoint, which is led by CEO Anthony Arnold, said the new funding will go to advance clinical development of its product.

Venture Capital 113

Venture Capital Funding Capital Product 113

socalTECH

AUGUST 28, 2017

Ford Motor Credit Company , the auto financing arm of Ford, will implement machine learning in its credit approval models, has run a study on the effectiveness of machine learning with Los Angeles-based ZestFinance , the two said on Friday. According to the two, the two ran a study that measured the effectiveness of machine learning to better predict risk in auto financing, and found better risk prediction, opportunities to lower future credit losses significantly using ZestFinance's model.

Study 100

Study Artificial Inteligence Tool Los Angeles 100

socalTECH

AUGUST 28, 2017

Los Angeles-based crowd funding site FlashFunders , which had focused on Reg A+, Reg D, and Reg CF equity crowdfunding, has been acquired by financial services company Boustead & Company Limited , the two said this morning. Financial details of the acquisition were not announced. According to the two, the deal includes FlashFunders, Inc. and its four vertically-integrated subsidiaries.

Company 100

Company Companies Equity Acquisition 100

socalTECH

AUGUST 28, 2017

Huntington Beach-based AnyMeeting , which operates an online meeting service, has been acquired by another company, according to insiders and investors at the company. CEO Costin Tuculescu said in an email that "We don't have anything to announce at this time." AnyMeeting offers up an online service which lets users run webinars, run online meetings, share screens and slides, and much more.

Tech Coast Angels 100

Tech Coast Angels Keiretsu Slides Pasadena Angels 100

socalTECH

AUGUST 28, 2017

Santa Monica-based cancer treatment developer Kite Pharma has been acquired by Gilead Sciences , in a deal worth $11.9 billion, the two companies announced this morning. According to the two, Gilead will pay $180.00 per share in cash for publicly traded Kite, which trades as KITE on the Nasdaq. According to the two companies, they expect to close the acquisition in the fourth quarter of 2017.

Santa Monica 100

Santa Monica Acquisition Product Develop 100

socalTECH

AUGUST 28, 2017

Looking for someone who can put together that perfect wedding or corporate event? PartySlate (www.partyslate.com)--which is backed by a slate of LA area investors--offers up a place to browse photos on events, find venues, and most importantly, planners who put those events on, so your next big event can be an unforgettable one. We spoke with Julie Novack , the founder and CEO of PartySlate (www.partyslate.com).

Technical Advisors 100

Technical Advisors Technical Review Metrics Startup 100