socalTECH
OCTOBER 10, 2017
Total venture capital investment dollars in 2017 are on their way to a decade high, according to a new report issued today, with $21.5 billion invested in the third quarter in more than 1,699 companies. The 3Q 2017 PitchBook-NVCA Venture Monitor report said the latest quarter worths of investment brings 2017's total to $61.4 billion across 5,948 deals to date.
L.A. Business Journal
OCTOBER 10, 2017
Daqri founder and CEO Brian Mullins steps down, Aerojet Rocketdyne to demo combined-cycle hypersonic engine and Snapchat is building a secluded R&D lab in Lehi, Utah.
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socalTECH
OCTOBER 10, 2017
Los Angeles-based Hippeas , which makes chickpea-based, organic food snacks, has raised another $10M in funding, according to a report today. The funding reportedly came from CAVU Venture Partners. HIPPEAS previously raised funding from such investors as Strand Equity Partners and Leonardo DiCaprio. The company's organic food snacks are found widely in such chains as Starbucks, Whole Foods, Wegmans, Albertson's, Safeway, and elsewhere.
L.A. Business Journal
OCTOBER 10, 2017
Downtown augmented reality developer and headset manufacturer Daqri announced on Tuesday that its founder and chief executive, Brian Mullins, had resigned.
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socalTECH
OCTOBER 10, 2017
Santa Monica-based Vyng , the developer of a social video ringtone product, said on Tuesday that it has raised $3M in a seed funding round. The funding was led by March Capital Partners, and also included BAM Ventures, HOF Capital, Inspiration Ventures, along with such angels as Alex Chung (Giphy), Steve Martocci (GroupMe), and Mark Goldston (NetZero).
Xconomy
OCTOBER 10, 2017
Within 20 years, computer keyboards will be relegated to the technology dustbin, says Android co-founder Rich Miner. Miner helped shape the smartphone era with Android, a mobile operating system startup that Google acquired in 2005. Android software now powers over 2 billion devices. On Tuesday, Miner spoke at a mobile software developer conference in Boston organized by Facebook, part of the city’s HUBweek festival.
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Xconomy
OCTOBER 10, 2017
In the run-up to a key vote on an experimental gene therapy, the FDA raised no major flags about the drug’s track record but said its long-term effect remains an open question. That question should receive a thorough airing Thursday, when a meeting of FDA outside advisors will weigh a recommendation of the one-shot gene therapy, which is meant to cure a rare eye disease that leads inevitably to blindness.
socalTECH
OCTOBER 10, 2017
Irvine-based Zadara Storage , the provider of enterprise storage-as-a-service, says it will offer up up to 1 petabyte of storage for free for the next six months, for those businesses hit by Hurricanes Irma, Harvey and Maria. According to Zadara, organizations in Florida, Texas and Puerto Rico can use its services at no charge for six months while they rebuild their business infrastructure.
Xconomy
OCTOBER 10, 2017
In mid-October, eleven college students will be flying to California for an opportunity that would be the envy of any Ivy League MBA candidate—they’ll meet the venture capital firm partners who will personally mentor them throughout the school year. The students—all but one are undergraduates—come from campuses in Prairie View, Texas; Tallahassee, Florida; and Nashville, Tennessee.
socalTECH
OCTOBER 10, 2017
Raytheon Company , which has its satellite operations in El Segundo, said today that it has been selected by earth imaging satellite provider DigitalGlobe , to act as the payload provider for DigitalGlobe. Raytheon said it will deliver the telescopes, detectors and combined electronics to Space Systems Loral, the WorldView Legion space vehicle integrator, as part of a new contract with DigitalGlobe.
Xconomy
OCTOBER 10, 2017
— Mapbox announced Tuesday it had raised a hefty $164 million in a Series C financing round led by the SoftBank Vision Fund, which was joined by Foundry Group, DFJ Growth, DBL, and Thrive. The new capital will speed up Mapbox’s progress in vehicle navigation and autonomous driving, enlarge its virtual reality and augmented reality gaming capabilities, and fund its expansion into Southeast Asia, China, and Europe, CEO Eric Gundersen said in a blogpost about the financing.
socalTECH
OCTOBER 10, 2017
How did Walt Disney Company decide to make its $1.58 billion investment in BAMTech, and get into the video streaming business? The New York Times has dived into the decisions and move behind Wal Disney's purchase of MLB spinout BAMTech, which was announced in August of 2016 ,and the decision making behind the purchase. READ MORE>>.
Xconomy
OCTOBER 10, 2017
The San Diego artificial intelligence company Brain Corp. topped the chart for raising the most venture capital in San Diego during the third quarter that ended September 30, according to Venture Monitor data released Tuesday. As Xconomy reported in July, Brain Corp. raised $114 million in a Series C funding round led by Softbank’s new $100 billion Vision Fund.
socalTECH
OCTOBER 10, 2017
Keysight Technologies , the parent company of Calabasas-based Ixia , has been hit by the devastating fires in Santa Rosa, California, and has shut down its headquarters while it attempts to figure out what kind of damage was sustained at the location. Keysight acquired Ixia in January of this year for $1.6 billion. According to Keysight, all four of its main buildings appear to be intact, although two modular structures and several automobiles suffered "more extensive damage".
socalTECH
OCTOBER 10, 2017
Remember when building your very own PC was the only way to go? Los Angeles-based Newegg wants to bring back the days of building your own PC, with a new portfolio of kits to help people build their own PCs, the company said this morning. According to Newegg, it has rolled out a new set of PC Build Kits , which its says are ideal for people with "the itch to build their own PCs" but need additional guidance in building their own personal computer.
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