TechCrunch LA

JANUARY 7, 2020

Real estate is a big business in the sprawling city of Los Angeles, and new technology tools to target the industry continue to attract investor attention. The latest of these is Luxury Presence , which pitches digital marketing services to real estate agents and has raked in $5.4 million in financing to support the buildout of its services and sales teams to manage clients.

Los Angeles 168

Los Angeles Services Angel Marketing 168

L.A. Business Journal

JANUARY 7, 2020

China-based Tencent Holdings announced an agreement to purchase 10% of Santa Monica-based Universal Music Group's share capital.

Santa Monica 130

Santa Monica Capital 130

socalTECH

JANUARY 7, 2020

A new report, published by Bloomberg , says that the concentrating solar power (CSP) plant built by Los Angeles-based SolarReserve was essentially obsolete before it even went online. The plant--built with more than $1 billion--uses a giant array of mirrors to heat up molten salt, which can be used to store power even after the sun goes down. The problem?

Report 100

Report Los Angeles Angel 100

Xconomy

JANUARY 7, 2020

When a group of scientists from Amira Pharmaceuticals wanted to start a new biotech after the company’s 2011 acquisition by Bristol-Myers Squibb , Celgene provided seed funding. Eventually Celgene kicked in $35 million more for a research collaboration, an equity stake, and an exclusive option to acquire the startup, PharmAkea Therapeutics. But the partnership fizzled, and this week PharmAkea sold the last of the two drug candidates it developed for fibrotic disease to Galecto, a clinical-stage

Seed Funding 63

Seed Funding Equity Research Acquisition 63

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

JANUARY 7, 2020

Laguna Hills-based Sonendo says it has raised a new funding round, worth $85M, for its alternative root canal treatment, which uses acoustic technology to replace files in those procedures. The company said the funding was led by EW Healthcare Partners, and also included Redmile Group, ArrowMark Partners, and Broadfin Capital along with existing investors General Atlantic, Orbimed Advisors LLC, Meritech Capital Partners, CVF LLC, NeoMed Management, Perceptive Advisors, JMR Capital, SEB Private E

Technology 100

Technology Equity Capital Funding 100

socalTECH

JANUARY 7, 2020

Santa Barbara-based whole home, smart speaker manufacturer Sonos , one of Southern California's highest profile consumer electronics companies, has sued Google for patent infringement--claiming that Google has infringed on five of its patents, and seeking both a ban on the sale of Google's speakers, smartphones, and laptops, as well as financial damages.

Patents 100

Patents Google Santa Barbara Southern California 100

socalTECH

JANUARY 7, 2020

Santa Monica-based private equity investor Clearlake Capital said this morning that one of its portfolio companies, Provation Medical , has acquired MD-Reports , a provider of electronic medical record (EMR), practice management (PM), and report writing software. Financial details of the acquisition were not announced. Provation is based in Minneapolis, MN.

Report 100

Report Capital Santa Monica Writing 100

socalTECH

JANUARY 7, 2020

Hawthorne-based SpaceX has successfully launched another 60 of its Starlink satellite constellation, sending a previously re-used Falcon 9 into space from Cape Canaveral Air Force Station and Space Launch Complex 40 (SLC-40) at 9:19 p.m. EST on Monday evening. The successful launch is part of a plan to put as many as 42,000 satellites into space to provide broadband Internet across the globe In addition to the Starlink launch, this is a busy week for SpaceX--early on Tuesday, another SpaceX spac

SpaceX 100

SpaceX Hawthorne 100