Mon.Apr 15, 2019

Rael Rolls Out At Target

socalTECH

Los Angeles-based Rael , a venture-backed startup which provides natural and organic feminine care products, says its products are now on the shelf at Target. According to Rael, its products--which include cotton pads, pantyliners, and feminine wash--will be available both at Target's 1,850 physical stores, as well as online. Rael is backed by $17.5M in funding from such investors as SoftBank Ventures Korea and Thrive Market Ventures.

How an Ohio Kids’ Hospital Quietly Became Ground Zero for Gene Therapy

Xconomy

If a once-modest regional hospital and its new biotech allies have their way, the capital of Ohio could one day rival America’s other biomedical hubs. Our goal is to make Columbus the center of the universe for gene therapy,” says Doug Ingram, CEO of Sarepta Therapeutics.

SpaceX Falcon Heavy Core Lost To Heavy Seas

socalTECH

The core of the Falcon Heavy rocket--which was successfully landed on a drone ship last week, in the first commercial Falcon Heavy launch by Hawthorne, California-based SpaceX , has been lost in the Atlantic, according to SpaceX. Apparently, the Falcon Heavy's center core was lost due to eight to ten foot swells in the oceans off Cape Canaveral. SpaceX had landed the center core at sea, and two booster rockets on land in its launch of the Arabsat-6A high capacity telecommunications satellite.

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As Drug Resistance Grows, Amplyx Tests New Antifungal Drug

Xconomy

While fungal infections may seem like an annoyance rather than a serious health problem, sick people in hospitals and long-term care facilities are contracting potentially deadly infections that current treatments are failing to ameliorate, thanks to the evolution of many such germs.

Report: Clearlake Capital Seeks To Sell Perforce

socalTECH

Santa Monica-based private equity investor Clearlake Capital is hoping to sell one of its portfolio companies, Perforce Software , for around $2 billion, according to a report from Bloomberg over the weekend. Perforce has been owned by Clearlake Capital since January of 2018. Perforce is a developer of source control software, which is used by software engineering teams to manage software source code and software releases.

Corent Wins MapR Technologies

socalTECH

Aliso Viejo-based Corent Technologies , which develops cloud migration software, and AI and data analytics software developer MapR Technologies said this morning that MapR Technologies has selected Corent's SurPaaS platform to help customers access MapR's Data Platform for AI. Financial details of the deal were not announced.

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CalAmp Acquires Synovia Solutions For $50M

socalTECH

Irvine-based CalAmp , a provider of fleet tracking services, announced this morning that it has acquired Synovia Solutions , a company that operates in the fleet safety and management business for the K-12 school bus and state and local government fleet market, in a move to boost its software-as-a-service revenue.

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Stratolaunch Takes To Skies For Maiden Flight

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Mojave-based Stratolaunch Systems Corporation , the developer of space launch systems which were founded by now deceased Microsoft co-founder Paul G. Allen, has successfully launched the world's largest plane--the Stratolaunch--in its maiden flight, the first step of getting its mid-air rocket launch system into operation.

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Interview with Wheels, Josh Viner and Marco McCottry

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Is there room in the last-mile transportation industry for another player, and what are some of the issues that need to be solved to make industry a success? San Diego-based Wheels (www.takewheels.com) was co-founded by Jon and Josh Viner, who were the co-founders of Wag, where they raised nearly $400M in venture capital.

Hulu Buys Back Stake From AT&T

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Los Angeles-based streaming television service Hulu and AT&T said on Monday that Hulu has acquired AT&T's 9.5 percent stake in the company, worth $1.43 billion. AT&T and Hulu said the deal values Hulu at $15 billion. Hulu did not say what the source of financing was for the deal. AT&T had been a shareholder in Hulu for the past two years as a minority share owner, via its acquisition of Time Warner.

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