Wed.Feb 06, 2019

A Deep Dive into What Has Really Changed in Venture Capital

Both Sides of the Table

I’ve heard a lot of people question whether there is too much money in venture capital chasing too few great deals. “We’re We’re in a new tech bubble!” some have pronounced. Valuations are out of control” is the mantra of others.

Ice Energy Completes First Phase Of Big Deployment


Costa Mesa-based Ice Energy , which develops energy storage technology based on storing energy for air conditioning in the form of ice, has completed the first phase of a big deployment for Southern California Edison (SCE), the company announced on Wednesday. According to Ice Energy, it has installed 100 of its "Ice Bear" units across SCE's service territory, the first stage of a 21.6 MW energy storage contract it has with SCE. The company says the first units have a total capacity of 1.9

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Start-Up Options for Rapid Development, Funding, and Commercialization

SoCal Tech Calendar

Tuesday, February 12, 2019 -- Start-Up Options for Rapid Development, Funding, and Commercialization. LAVA Healthcare. Is VC funding the only way to develop and grow your company? Have you heard of accelerators, incubators, angles, and other resources for rapid development, funding, and growth of your start-up? Attend our LAVA event on February 19th as our distinguished panel will share their expertise and insight.

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Radicle Growth Puts $250K Into Leaf Agriculture


San Diego-based Radicle Growth , a new, seed-stage investor focused on the agtech and food technology sector, said this morning that it has invested $250,000 in Leaf Agriculture , a pre-seed company developing application programming interfaces (APIs) between agtech products. Radicle Growth said Leaf Agriculture is developing an API product that facilitates fast, easy and secure data transfer between agtech platform partners through a single point of access.

Mobile LAVA Presents: Marketplaces

SoCal Tech Calendar

Tuesday, February 12, 2019 --.

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EasyPay Finds $50M In Credit Facility


Carlsbad-based EasyPay Finance , a provider of consumer financing for automotive service and repairs, has raised $50M in a credit facility, the company announced this morning. The funding came from Ares Management Corporation. According to the company, it will use the new funding for growth, developing new financial technology, and other efforts. EasyPay Finance said the credit facility is expandable to $100M, subject to lender consent.

More Trending

Sonos CFO Giannetto To Retire


Michael Giannetto , who helped shepherd Santa Barbara-based Sonos through its IPO as its Chief Financial Officer, will be retiring from his position, Sonos said on Wednesday. According to Sonos, Giannetto told Sonos of his intent to retire on February 1st. Giannetto will remain at his post until the company finds a successor, according to the company.

Alector IPO Banks $176M to Test Alzheimer’s Drugs in Clinical Trials


Alector, a company taking an immunotherapy approach to Alzheimer’s disease and other brain disorders, has raised approximately $176 million in an initial public offering. The South San Francisco, CA, biotech sold 9.25

Teledyne Completes Acquisition Of Unit Of Roper Technologies


Thousand Oaka-based Teledyne Technologies says it has completed its acquisition of the Scientific Imaging businesses of Roper Technologies , which included the acquisition of Princeton Instruments, Photometrics and Lumenera. The deal, which had been announced in December, was worth $225M in cash. Roper's Scientific Imaging businesses served the life sciences, academic research, and industrial imaging markets. READ MORE>>.

10 Areas Where You Can Win With Predictive Analytics

Startup Professionals Musings

Traditional business intelligence (and data mining) software does a very good job of showing you where you’ve been. By contrast, predictive analytics uses data patterns to make forward-looking predictions that guide you to where you should go next. This is a whole new world for small businesses seeking enterprise application opportunities, as well social media trend challenges.

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AlphaTrAI Taps QuantConnect For AI Powered Stock Trading, Picking


San Diego-based AlphaTrAI , a fintech startup backed by Analytics Ventures, says it has connected with QuantConnect, the developer of an open trading engine, to run its AI software. AlphaTrAI says it has developed artificial intelligence software which can pick, trade, and manage stocks better than humans.

Halozyme Gets $30M from Argenx in Licensing Deal Worth Up to $530M


Argenx, a Dutch firm with a pipeline of investigational antibody-based therapies, will pay San Diego-based Halozyme to use its drug delivery technology to develop subcutaneous versions of some of the drugs Argenx is developing to treat rare autoimmune diseases and cancers.

Tyvak To Develop, Launch Satellites for Australian Company


Irvine-based Tyvak Nano-Satellite Systems , a developer of nanosatellite and microsatellite services, is powering the development of a new constellation of satellites for Australian company Myriota. According to Tyvak, Myriota has partnered with the company to develop and launch its next generation of nanosatellites, with the goal of launching a 50 nanosatellite constellation. Financial details of the deal between the two companies were not announced.

Snap Revenues Up, But Company Still Posting Big Losses


Santa Monica-based Snap , the parent firm of Snapchat, reported its results on Tuesday afternoon, saying that its fourth quarter revenues were up 36 percent to a record, $390M. However, the company is still posting big losses, saying it had a net loss of $191.7M on its quarter, which ended December 31, 2018. Snap reported revenues of $1.18 billion for the year, and a net loss of $1.25 billion. Snap says it now has around 186 million daily active users, which were flat from quarter-to-quarter.

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