Thu.May 09, 2019

Everyone needs to manage their mantra or move on.

Berkonomics

Ever stand with someone you’ve never met when at a party, a trade show or just meet someone in the hallway? We all have. And then that person opens his or her mouth and spends a boring two minutes describing their business to you?

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Phyn Finds $12M More For Smart Water Monitoring

socalTECH

Los Angeles-based Phyn , the Belkin spinout which is developing very advanced, machine learning-driven smart water usage monitoring systms, has raised $12M more in a funding round, the company announced on Thursday. The funding came from Belkin International and Uponor, both prior investors in Phyn. According to Phyn, the new funding will go towards research and new product development, to help it grow its footprint in the U.S., and continued expansion in global markets.

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Two Days, Five Biotech IPOs, and $359M Raised for Clinical Trials

Xconomy

It will be hard to top last year’s flurry of biotech companies joining the public markets, but this week is shaping up to be the busiest for life science IPOs in recent memory. Five biotechs priced their IPOs and at least one more is coming.

StoryBots Acquired By Netflix

socalTECH

StoryBots , the kids' mobile app and content developer created by long time Southern California entrepreneurs Gregg and Evan Spiridellis, has been acquired by Netflix , Netflix announced on Thursday. Financial details of the acquisition were not announced. StoryBots was created by Gregg and Evan Spiridellis when they were running another, local technology company--JibJab-- when, as new parents, they recognized the need for good children's content on mobile platforms.

Uber Completes $8.1B Public Market Debut in Spite of Tumultuous Past

Xconomy

Ride-hailing giant Uber secured $8.1 billion in new capital late Thursday as it priced an initial public offering that set its market capitalization at $82.4 billion , according to calculations by The New York Times and other news outlets.

Pearl Picks Up $11M To Apply AI Vision To Dental Industry

socalTECH

Los Angeles-based Pearl , the machine learning startup which was spun out of advertising AI software startup GumGum , has raised $11M in a funding round, which came from Craft Ventures, as well as un-named strategic investors. The startup, led by GumGum founder Ophir Tanz, says it is uses artificial intelligence to help the dental industry, with plans to roll out artificial intelligence-powered dentistry tools using computer vision technology.

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More Trending

LiveXLive Inks Livestream Deal With Tencent Video

socalTECH

West Hollywood-based LiveXLive Media , which produces digital media for the live entertainment space, has inked a distribution deal with Chinese video platform Tencent Video , where LiveXLive will stream the EDC Las Vegas music festival to Chinese viewers. According to LiveXLive, it has granted Tencent exclusive rights to distribute the livestream of Insomniac's EDC Las Vegas throughout China, including Macau and Hong Kong, for the weekend of May 17th to 19th.

St. Cloud Capital Rolls Up Healthcare Firms Into A New Company, AleraCare

socalTECH

Los Angeles-based private equity investor St. Cloud Capital announced on Wednesday that it has made a growth capital investment in a new company, AleraCare Holdings , which will provide. home and community-based healthcare and pharmacy services for high-need and medically complex populations. Size of the investment was not announced. According to St.

How Runtriz Is Powering Mobile Apps For Hotels, with Alonso Vargas

socalTECH

For our interview this morning, we caught up with Alonso Vargas , the CTO and co-founder of Runtriz (www.runtriz.com), a Los Angeles company which has been powering the mobile apps and experiences for Radisson, Best Western, a lot of boutique brands. What does Runtriz do?

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LunaPBC Gets $4.6M For Genomic Health Platform

socalTECH

Are you willing to share your DNA with researchers, if only they'd pay you something for that data? San Diego-based LunaPBC , which operates the online LunaDNA genomic and health data community, has raised $4.6M in a funding round, according to the company. The funding included ARCH Venture Partners, Bain Capital Ventures, F-Prime Capital, Illumina Ventures, and Osage University Partners. According to LunaPBC, it has now raised a total of $7.6M.