socalTECH

JANUARY 3, 2019

Los Angeles-based uBeam , the controversial wireless charging startup backed by Upfront Ventures, says its is about to unveil its "ultrasonic wireless power system" at the CES 2019 show in Las Vegas next week, the first demonstration of the company's technology. The company, which has its CEO step aside last year , had gained a lot of unwanted attention from doubters of the company's technology credibility, when the company's former VP of Engineering called the company's product "a sham". uBeam

Los Angeles 140

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Berkonomics

JANUARY 3, 2019

Eighty percent of all businesses purchased by another company or by a new investor-operator fail to meet the stated expectations of the buyer after one year. As with the fifty percent rule discussed last week (fifty percent of startups fail within two years), this rule is hard to find an author willing to be quoted as the source. But it is within the range of experience by many of us professional investors, and with those who have acted as brokers, serial purchasers or consultants for acquisiti

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socalTECH

JANUARY 3, 2019

Carlsbad-based healthcare information technology developer Medsphere Systems Corporation said this morning that it has acquired Texas-based HealthLine Solutions , a developer of applications which are used by hospitals to manage their supply chain inventory. Financial details of the acquisition were not announced. According to Medsphere, the Healthline's core assets include applications that use bar coding and RFID technology used for healthcare supply chain inventory management.

Acquisition 133

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Berkonomics

JANUARY 3, 2019

Eighty percent of all businesses purchased by another company or by a new investor-operator fail to meet the stated expectations of the buyer after one year. As with the fifty percent rule discussed last week (fifty percent of startups fail within two years), this rule is hard to find an author willing to be quoted as the source. But it is within the range of experience by many of us professional investors, and with those who have acted as brokers, serial purchasers or consultants for acquisiti

Acquisition 120

Acquisition Satisfaction Study Email 120

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 3, 2019

San Diego-based Cubic Corporation said on Wednesday that it has acquired GRIDSMART Technologies , a developer of video tracking technology for the traffic management market. The deal was worth $87M in cash. GRIDSMART develops video detection technology, which uses image processing, computer vision modeling, and machine learning to track the movement of both people and traffic through street intersections.

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L.A. Business Journal

JANUARY 3, 2019

Cloud Constellation Corp., based in Westwood, finalized a $100 million Series B equity round Dec. 20, led by HCH Group Company Ltd., a subsidiary of Chinese consumer electronics conglomerate Haier Group.

Equity 113

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SoCal Tech Calendar

JANUARY 3, 2019

Wednesday, January 9, 2019 -- L.A. Tech 2019 Kickoff. Startup Coil. Kick off 2019 with Startup Coil and L.A. Tech Happy Hour at the beautiful Waterfront Venice.

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Venice Startup 100

socalTECH

JANUARY 3, 2019

Los Angeles-based Ring , the developer of the ubiquitous video doorbells and security camera products, is planning a major push into outdoor lighting , according to documents filed with the FCC. Those documents--first uncovered by blogger Dave Zatz--describe, in detail, all of the planned "Ring Beams Spotlight" products, which include such features are motion detection, cameras, and "connected" sensors.

Los Angeles 113

Los Angeles Product Angel Develop 113

L.A. Business Journal

JANUARY 3, 2019

AT&T earthquake app available for download; LA Times malware ID’d; Westwood data storage firm raises $100 million.

Report 113

Report 113

socalTECH

JANUARY 3, 2019

Los Angeles-based Hire A Pro said over the holidays that it has launched a new browser-based, web application which helps users get quotes and pricing from contractors and handymen. According to the firm, its new browser-based app lets home and business owners get immediate pricing for tasks and remodeling projects, all via their smartphone. The company is led by CEO Aaron Jones, and says it was founded in 2016.

Pricing 113

Pricing Web Los Angeles Help 113

Xconomy

JANUARY 3, 2019

A generation ago, cancer treatments made from a patient’s own living immune cells would have been science fiction. Now they’re here. The first two products, approved in 2017 and known in shorthand as CAR-T, have brought some people with otherwise untreatable blood cancers back from the brink of death. “Often these patients have survival measured in weeks to months,” says David Maloney, medical director of the Bezos Family Immunotherapy Clinic in Seattle, which at any give

Product 108

Product San Diego Blogging 108

socalTECH

JANUARY 3, 2019

Los Angeles-based Cloud Constellation Corporation , which is developing space-based managed network services and cloud data storage services, said over the holidays that it has raised $100M in a Series B funding round. The funding came from HCH Group Company, Ltd. Cloud Constellation is developing a service it calls "SpaceBelt", which it says allows enterprise, government, and military organizations to transmit sensitive data to the cloud, via a network of eight low earth orbit (LEO) satellites.

Networking 113

Networking Los Angeles Organization Services 113

Xconomy

JANUARY 3, 2019

Bristol-Myers Squibb has agreed to acquire Celgene in a deal that would create one of the largest biopharma organizations in the world and send ripples throughout the life sciences sector. Bristol (NYSE: [[BMY]]) on Thursday morning inked a deal to buy Celgene (NASDAQ: CELG ) in a deal that values the Summit, NJ, drugmaker at $74 billion, or $102.43 per share.

Organization 106

Organization San Diego Blogging 106

socalTECH

JANUARY 3, 2019

San Diego-based Forge Therapeutics , a biotechnology startup which is developing antibiotics to treat lung infections, has received $11.M in funding commitments from CARB-X, a public-private investor funding projects that target antibiotic resistant bacteria. According to Forge Therapeutics, it will initially receive $5.7M from CARB-X, with the possibility of another $5.4M based on technical milestones.

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SoCal Tech Calendar

JANUARY 3, 2019

Wednesday, January 9, 2019 --.

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socalTECH

JANUARY 3, 2019

Thousand Oaks- and Shanghai-based Thousand Oaks Biopharmaceuticals , a new contract manufacturing organization fort he biotech industry, said it has received $45M in a Series A financing round. The funding came from New Alliance Capital, plus ADDOR Capital, Tenyall & Sumin, Broadhi Capital, QianRong, Ji Lin Ao Dong, and Bluebay Capital. According to the startup, it is developing large scale cell cuture media (LSCCM) manufacturing facilities in Shanghai, China, aimed at providing full cell cu

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Thousand Oaks Outsource Development Media Organization 100

SoCal Tech Calendar

JANUARY 3, 2019

Tuesday, January 8, 2019 --.

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Xconomy

JANUARY 3, 2019

As strains of bacteria evolve to fight back against common antibiotics, a slew of biotechnology companies are working to develop ways to combat these “superbugs.” San Diego’s Forge Therapeutics is among those targeting gram-negative bacteria, a type of bacteria that has a protective outer membrane that makes it especially resistant to drugs. Comparatively, gram-positive bacteria don’t have that extra membrane, and they’re easier to treat.

Develop 65

Develop Development San Diego Arcturus 65

socalTECH

JANUARY 3, 2019

During the holiday season, our tradition over the last few years has been to post reflections on the past year and some predictions from Southern California's technology industry. As we close out our contributions for the end of 2018, here's Jeb Spencer of TVC Capital. What was the biggest lesson you learned this year? Two big lessons in 2018. Technology investing is the best job in the world, but it can be fraught with failure.

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