Thu.Oct 25, 2018

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Axos Financial Buys Robo Advisor Developer WiseBanyan

socalTECH

San Diego-based Axos Financial , a consumer and business bank, said Wednesday afternoon that its subsidiary, Axos Securities , has agreed to acquire certain assets of WiseBanyan Holdings , a provider of digital wealth management software and services. Financial details of the all-cash transaction were not announced. WiseBanyon provides personal finance and investment management tools and its own technology platform, and was based in Las Vegas.

Develop 167
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Everyone wants to leave a legacy.

Berkonomics

Be honest now. Have you ever thought of what legacy you’ll leave behind? If you are an entrepreneur or CEO, surely you’ve thought of how you’ll be remembered by your associates and stakeholders after you move on. Bad boss examples aren’t forgotten. We’ve all heard the stories of tough SOB bosses that took advantage of employees, vendors, even stock holders.

Writing 120
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HyperX In Endorsement Deal With Hip Hop's Post Malone

socalTECH

Fountain Valley-based gaming accessories maker HyperX , which is a division of Kington Technology, has inked an endorsement deal with hip hop artist Post Malone , the company said early this mroning. According to HyperX, Posts Malone will exclusively wear its HyperX headsets while gaming, on social media, and on his Twitch streams. Financial details of the brand ambassador deal were not announced.

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Saros Raises $7M for AI Effort in Finance Industry

L.A. Business Journal

Santa Monica-based Saros raised $7.055 million for its West Hollywood-based private firm that specializes in artificial intelligence in the financial industry, according to a filing with federal securities regulators.

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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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Elon Musk's Thursday Twitter A String Of Strange, Rambling Tweets

socalTECH

Technology mogul Elon Musk is at it again on Twitter, sending out a strange, rambling string of tweets on Thursday afternoon. It's unclear what caused Musk to start tweeting out randomly about different topics, however, Musk's lack of Twitter discipline had resulted in his departure as Chairman of Tesla Motors earlier this month, and a big fine from the SEC for both Musk and Tesla.

SpaceX 113
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Pathmatics Raises $3M, Launches New Ad Data Product

L.A. Business Journal

Pathmatics Inc., the Santa Monica-based digital advertising software developer, announced Oct. 25 a $3 million investment from British marketing agency Mintel Group Ltd.

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Startup Developing Opioid Alternative Takes Top ‘Quick Pitch’ Honors

Xconomy

The winner of the largest-ever startup pitch contest in San Diego is aiming to solve a problem that is weighing heavily on the national consciousness. The same day President Trump signed a bipartisan package of measures to address the opioid epidemic, San Diego startup NeuraLace Medical won $50,000 on Wednesday at the annual John G. Watson Quick Pitch Competition to further the development of its nerve pain management device.

San Diego 107
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OnShift Gets Investment From Santa Monica's Clearlake Capital

socalTECH

Santa Monica-based private equity investor Clearlake Capital is the lead investor in a strategic funding round this week for Cleveland, Ohio-based OnShift , a developer of human capital management software for the long-term, post-acute care market. Financial details of that strategic investment were not disclosed. According to OnShift, the funding also included Ziegler Link-Age Fund II, a private equity investor focused on the post-actue and aging marketplace, plus an existin investor, Health Ve

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Silicon Beach Report Oct. 26: Snap Hires from Amazon, Huffington Post

L.A. Business Journal

Reporting Bird’s revenue figures; Virgin Orbit readies new launch setup; Snap fills Khan vacancy.

Report 100
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TaskUs Snags Chief People Officer From Chipotle

socalTECH

Santa Monica-based TaskUs , which provides back office and customer support for many prominent high tech companies, said this morning that it has appointed Mike Ferguson as the company's first Chief People officer. Ferguson was most recently Head of People Support at Chipotle Mexican Grill, which he spent the last 12 years at. TaskUs said that at Chipotle, Ferguson build an organization that now has over 70,000 employees across five countries.

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Trump Plan Ties Medicare Drug Prices to Cheaper Foreign Ones

Xconomy

[ Updated 5:41pm ET with analyst note, see below. ] When the Trump administration announced its blueprint for lowering prescription drug prices in May , many observers said it was too soft on the biopharma industry and didn’t contain concrete initiatives that could truly cut costs. But with the U.S. midterm elections fast approaching and the high cost of drugs and healthcare remaining a key issue with voters of both political parties, President Trump today announced some more aggressive moves, s

Pricing 91
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Ring Enhances Camera Features

socalTECH

Santa Monica-based Ring has rolled out a new batch of enhancements to its software on Wednesday, saying that it ha released new features and an updated app to help its users view images from all of their devices, and to better hone alerts received from its systems. According to Ring, it has updated its app and "Smart Alerts", now allowing for a consolidated view of all of the recent images from devices, a new feature called "Timeline" which allows users to scroll through their Ring event history

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Berkeley’s SkyDeck Offers Chip Design Support Worth Millions to Startups

Xconomy

The current land rush in chip development, spurred as new technologies such as artificial intelligence create new needs, is pitting established semiconductor companies like Intel and Nvidia against tech titans like Facebook that are building their own chips. A wave of next-generation chip companies has also entered the fray. So how much room remains for startups that are relative latecomers?

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Pathmatics Raises $3M

socalTECH

Santa Monica-based Pathmatics is announcing today that it has raised $3M in a funding round, for its marketing intelligence software. The company said the strategic funding came from Mintel and SPH Ventures. Mintel is a marketing intelligence agency, and SPH Ventures is the corporate venture capital arm of Singapore Press Holdings, the publishers of The Straits Times.