TechCrunch LA

JULY 7, 2020

When Manatee founder Damayanti Dipayana’s brother was diagnosed with autism spectrum disorder, the family took all the steps to ensure that he was properly cared for. All of the things that could have been an obstacle to getting treatment weren’t for Dipayana’s family. A comfortably middle class background, a supportive family and ready access to care were all available, but still the therapy didn’t take.

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Los Angeles Invest Class Angel 166

socalTECH

JULY 7, 2020

San Diego-based MemComputing , a developer of high performance computing technology, has raised a round of funding, the company said on Tuesday, from two investors. According to MemComputing, the funding came from Revolution's Rise of the Rest Seed Fund, along with IT-Farm. MemComputing says it has now raised over $3M in total funding. MemComputing, led by CEO and co-founder John Beane, said the funding will go towards accelerating its product development and to expand sales and marketing.

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Funding Seed Funding San Diego Sales 113

Xconomy

JULY 7, 2020

The federal government’s Operation Warp Speed has made its biggest financing award yet, promising $1.6 billion to a Maryland biotech to help advance its investigational COVID-19 vaccine and ready millions of doses in preparation for its possible success. Gaithersburg, MD-based Novavax, which has never before brought a product to market, announced the federal award Tuesday.

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socalTECH

JULY 7, 2020

Los Angeles-based Quibi , the online, short-form streaming content startup backed by $1.75 billion, and founded by Jeffrey Katzenberg and Meg Whitman, is facing some high profile scrutiny, with latest asking: Is Anyone Watching Quibi? It's unclear if the COVID-19 lockdown, or too much Hollywood and celebrity and not enough tech startup are to blame for the company's high profile stumbles.

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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

Xconomy

JULY 7, 2020

Here’s a look back at some of the life science industry’s executive appointments, departures, and retirements from recent weeks: —Pacific Biosciences (NASDAQ: PACB ) CEO Michael Hunkapiller and Chief Financial Officer Susan Barnes are retiring. —Moderna (NASDAQ: MRNA ) appointed Ray Jordan as chief corporate affairs officer. —Aridis Pharmaceuticals (NASDAQ: ARDS ) appointed Hasan Jafri its chief medical officer. — Christopher Dinsmore joined Kronos Bio as chi

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San Diego Blogging 90

socalTECH

JULY 7, 2020

Pasadena-based QLess , which develops software to help manage lines and appointments, is courting retailers as they look to how to best adapt to the COVID-19 era. The company said its software eliminates the need for physical lineups, enabling mobile or home waiting for retailers. The company says it enables virtual check-ins through a dedicated online portal with real-time SMS updates about wait times and placements in line.

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socalTECH

JULY 7, 2020

Santa Monica-based Grow Credit , a fintech startup which provides small dollar loans and helps consumers establish their credit record through paying for online subscriptions, says it has added a new investor, Commerce Ventures. According to Grow Credit, Commerce Ventures will join its seed funding round alongside lead investor Mucker Capital, as well as Minal Hasan, founder of K2 Global Ventures.

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socalTECH

JULY 7, 2020

Datacenter operator Vantage Data Centers is getting the backing from Los Angeles private equity investor Colony Capital , which the two said is worth $3.5 billion, to accelerate the expansion of Vantage's wholesale data centers through North America and Europe. According to the two companies, Colony's investor group will invest $1.2 billion in Vantage's portfolio of North American data centers, which includes 1.4 million gross square feet and 150MW of capacity in Santa Clara, California; Quincy,

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Capital Equity Los Angeles Invest 113

socalTECH

JULY 7, 2020

Carlsbad-based radio frequency and analog and mixed signal circuits developer MaxLinear says it is raising its guidance for its second quarter, saying it is seeing strength in the broadband sector, as well as recovery in the analog sector. The company, which had originally provided revenue guidance for the quarter of between $60M to $64M, said it now expects preliminary total revenue of approximately $65M to $65.5M.

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Demand Develop Development Company 100