Tue.Apr 24, 2018

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Eusoh, Backed By $2M, Targets Veterinary Expenses With Fintech Startup

socalTECH

Afraid of running into unexpected veterinary bills for that new puppy? A new, Los Angeles-based startup, Eusoh , is hoping to make it easier for people to handle unexpected veterinary costs, by banding people together in groups to help provide an alternative to traditional, insurance plans. The startup, led by CEO and founder Allen Kamrava, says it is backed by $2M in seed funding, which was raised back in September of 2017 through mostly friends and family.

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Reliam Acquires Stratalux

L.A. Business Journal

Reliam, a South Bay-based company that manages public cloud platforms for other businesses, announced it has acquired Stratalux, another South Bay-based cloud services company. Both Reliam and Stratalux work with Amazon Web Services and Reliam also works with Microsoft Azure.

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Israeli Venture Fund Raises $20M, Looks To Link With LA Startups

socalTECH

A new, $20M venture capital fund, TAU Ventures , based out of Tel Aviv, Israel, and Tel Aviv University (TAU), says it is specifically looking to link with the Los Angeles technology community--thanks to its link with Los Angeles investor Behzad Kianmahd--co-founder of Cross Campus. According to TAU Ventures, its early stage venture capital fund is looking to invest pre-seed funding into startups founded by students and alumni of Tel Aviv University.

Funding 113
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Silicon Beach Report April 24: Reliam Acquires Stratalux

L.A. Business Journal

Reliam acquires Stratalux; Aviron bets on interactive movies; ICX Media opens Los Angeles office.

Report 100
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Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19

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.

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Aviron Capital Acquires Stake In Kino Industries

socalTECH

Beverly Hills-based Aviron Capital , a consortium of financiers with primary backing from by private equity investor BlackRock, said this morning that it has acquired a "substantial equity stake" in Kino Industries , the developer of an interactive movie technology called CtrlMovie. Financial details of the acquisition were not announced. Aviron Capital said that Kino Industries' CtrlMovie allows users to influence the storyline of a movie by using their cell phones to vote on what characters sh

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Startup Glory Awaits: Become the Startup of the Year Champion

Tech.Co

Winning an Olympic medal, the Pulitzer Prize, or the Stanley Cup are just a few moments of glory that happen around the world. But if you’re a startup founder, you too have the chance to find your own moment in the spotlight. Being one small company amongst the sea of thousands of startups vying for customers, capital, and talent, the way to get noticed above the crowd, connect with that next big partner, and raise some capital is to throw your hat in the ring to compete at Startup of the

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Crypto Invest Summit

SoCal Tech Calendar

Monday, April 30, 2018 --.

Invest 100
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ICX Media Sets Up Shop In LA For Digital Content, AI Tools

socalTECH

ICX Media , a developer of artificial intelligence and adaptive learning-driven tools being used to help brands, media companies, and content companies with distribution and monetization, said it has set up shop in the Los Angeles area, with a new office in Santa Monica. The company is led by founder and CEO Michael Avon. The company said the new office will be a hub for the company as it approaches the entertainment industry.

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Savari Raises $12M To Connect Cars To Stoplights, Phones, Each Other

Xconomy

Savari , whose technology is designed to create a shared communications web among cars, personal devices, and roadway signals, announced today it has raised $12 million in a Series B fundraising round. Santa Clara, CA-based Savari makes V2X technology—that is, software and hardware sensor units designed to connect vehicles to everything that moves, so they can benefit from shared data about traffic conditions and pedestrian movements.

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NextGen Healthcare Names Chief Medical Officer

socalTECH

Irvine-based Quality Systems, Inc. --which is now using the name NextGen Healthcare , said this morning that it has named Betty Rabinowitz, MD, FACP as Chief Medical Officer. Rabinowitz was previously co-founder and CEO of EagleDream Health, a developer of cloud-based analytics and population health management software. Quality Systems acquired EagleDream Health, and renamed it as NextGen Population Health, back in August of 2017.

Software 100
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Orexigen Therapeutics Sold For $75M

socalTECH

San Diego-based Orexigen Therapeutics , a developer of biopharmaceuticals for treating obesity, said it is selling "substantially all" of the assets of the company to Nalproprion Pharmaceuticals , in a deal worth $75M in cash. According to Orexigen, Nalproprion Pharmaceuticals is a newly formed, special purpose entity which is backed by Pernix Therapeutics Holdings.

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Netwatch Creates New Company, Rolls Up Security Monitoring Companies

socalTECH

Lake Forest-based Netwatch said today that it has launched a new company, comprised of four visual monitoring companies in the video security area. The new company is backed by private equity funding from The Riverside Company. According to Netwatch, the new company is made up of Netwatch (Ireland), NMC (United States), CalAtlantic (United States) and Onwatch Multifire (United Kingdom).

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