Tue.Jul 16, 2019

100 Thieves Raises $35 Million, Plans New Headquarters

L.A. Business Journal

Esports company and team manager 100 Thieves raised $35 million in a Series B round to fuel its expansion and the development of a new Los Angeles headquarters

Procore Buys Honest Buildings

socalTECH

Carpinteria-based Procore Technologies , the very fast growing developer of construction management software led by Tooey Courtemanche, has acquired Honest Buildings , a developer of project management software for owners and developers, the company said on Tuesday. Financial details of the acquisition were not announced. According to Procore, the move will help it accelerate its efforts.

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Silicon Beach Report July 16: 100 Thieves Raises $35 Million

L.A. Business Journal

Casetabs nabs $3 million; 100 Thieves plans new L.A. headquarters; Mahmee finds new funding

Trefoil Therapeutics Raises $28M

socalTECH

San Diego-based Trefoil Therapeutics , which is developing treatments for corneal diseases, has raised $28M in its Series A funding, the company said on Tuesday. According to the company, the funding was led by Bios Partners, and also included Access Biotechnology, plus Hatteras Venture Partners, Aju IB Investment, Correlation Ventures, ExSight Ventures and InFocus Capital Partners. As part of the funding, Bios Partners' co-founder Stella M. Robertson, Ph.D.,

City of San Diego Increases Support for San Diego Startup Week 2020

Startup San Diego

Startup San Diego is proud to announce that the City of San Diego will again be helping to fund San Diego Startup Week (SDSW) next year, increasing its funding from $35,000 to $50,000 for SDSW 2020 and ensuring the early-stage planning of our signature annual event. This timing is perfect.

Bellco Capital Teams For Life Sciences Real Estate Effort

socalTECH

Los Angeles-based Bellco Capital , a new investment firm founded by Drs. Rebecka and Arie Belldegrun, who founded Kite Pharma and Allogene Therapeutics, is in a new effort with real estate developer Tishman Speyer , which combines life sciences support with real estate development.

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Casetabs Gets $3M For Managing Surgery Communications

socalTECH

Santa Monica-based Casetabs , a developer of cloud-based software used for surgical case coordination, has raised $3M in a funding round, the company said on Tuesday morning. Source of the funding round was not announced by the company. Casetabs is led by founder and CEO Gave Fabian. According to the company, it develops software that breaks down communication barriers between surgery centers, physician offices, hospitals, anesthesiologist groups and medical vendors.

Trefoil Therapeutics Raises $28M and Eyes the Clinic for Cornea Drug

Xconomy

Trefoil Therapeutics, which is developing treatments for diseases that affect the cornea, the outermost layer of the eye, has raised $28 million to move its lead drug candidate into human testing.

Corent Ties Into Microsoft Azure Migration Tool

socalTECH

Aliso Viejo-based Corent Technology , which develops cloud migration software tools, says it has integrated its tools with Microsoft Azure Migrate, Microsoft's migration software for its cloud services. According to Corent, its SurPaaS software can provide both scanning/discovery/analysis and migration to Azure.

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ResMed Raises $500M In Private Placement Debt

socalTECH

San Diego-based ResMed , which develops medical devices used to treat sleep apnea, COPD and other chronic diseases, has raised $500M in a private placement debt financing, the company said on Monday afternoon. According to the publicly traded firm (NYSE: RMD) the funding came in the form of $250,000,000 principal amount 3.24% senior notes due July 10, 2026, and $250,000,000 principal amount 3.45% senior notes due July 10, 2029.

Zyxel Targets IP Surveillance Camera Networks With New Switches

socalTECH

Anaheim-based networking equipment maker Zyxel is targeting the IP surveillance camera network market, with the launch of a new set of switches specifically aimed at deployment and management of IP camera networks. Zyxel said the new products are aimed at everything from a few cameras to large, high density environments.

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Snap, Baidu Renew Advertising Sales Partnership

socalTECH

Venice, California-based Snap , the parent company of Snapchat , and Chinese Internet giant Baidu said on Monday that the two have renewed a sales partnership the two first inked in May of 2017. According to the companies, Baidu will continue to act as Snap's representative to advertisers in Greater Cina, Japan, and South Korea. Financial details of the sales partnership were not announced. READ MORE>>. snap snapchat advertising sales international china baidu

Source Intelligence Finds New Funding

socalTECH

Carlsbad-based Source Intelligence , which provides supply chain compliance software, has raised new funding, the company announced this morning. Amount of the new funding was not announced. The Series B funding came from Source Capital Partners and Kayne Capital Partners, as well as "local banks". According to the company, it will use the new funding for the development of an artificial intelligence platform and for expansion in the European Union.