socalTECH
FEBRUARY 6, 2018
Los Angeles-based Beauty By Design , a startup offering up "hyper-personalized" beauty products based on a customer's skin, has raised $2.2M in a seed funding round. The funding was led by Resolute Ventures, and also included Ludlow Ventures, TenoneTen Ventures, Troy Capital Partners and angels Spencer Rascoff (Zillow), Terry Boyle (NordstromRack.com, HauteLook), and Rob Chesney (former COO, Trunk Club).
L.A. Business Journal
FEBRUARY 6, 2018
Falcon Heavy launch completes successful test launch; Snap Inc.’s share price soars after revenue beats expectations; and Brentwood Associates invests in credentials solutions.
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socalTECH
FEBRUARY 6, 2018
In the biggest rocket to leave the planet since 1973, Hawthorne, California-based SpaceX has successfully sent its Falcon Heavy on its way to space, lifting off the new rocket off from Launch Complex 39A at Kennedy Space Center in Florida at 3:45PM ET. SpaceX is sending a red, Tesla Roadster--complete with a dummy spaceman in the drier's seat--to orbit around Mars.
L.A. Business Journal
FEBRUARY 6, 2018
Middle-market private equity firm Brentwood Associates in Sawtelle announced on Feb. 6 an investment in Credentials Solutions, a technology company that provides business services to the higher education sector. The amount invested was not disclosed.
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socalTECH
FEBRUARY 6, 2018
Biotech mogul and billionaire Dr. Patrick Soon-Shiong has agreed to acquire the Los Angeles Times from current owner Tronc , according to a report from the Washington Post on Tuesday afternoon. Financial details of the deal were not disclosed, and neither Tronc nor the LA Times had confirmed the deal yet. The Washington Post quoted "people involved in the deal" for the news.
L.A. Business Journal
FEBRUARY 6, 2018
Snap Inc.’s share price soared more than 26 percent to as high as $17.80 a share in after-hours trading Tues., Feb. 6 after the Snapchat developer posted revenue for the quarter ended Dec. 31 that beat stock analysts’ expectations.
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Xconomy
FEBRUARY 6, 2018
Dozens of medical organizations and patient advocacy groups are pushing back against so-called “right-to-try” legislation that passed the Senate in August and is now under consideration in the House. An open letter sent today to House leaders is the latest opposition to the Republican-led push to give desperate patients access to experimental drugs without FDA oversight.
socalTECH
FEBRUARY 6, 2018
Los Angeles-based private equity investor Brentwood Associates announced this morning that it has made an investment in Credentials Solutions , a provider of software-enabled transcript, verification and parking services to the higher education market. Size of the investment was not announced. Credentials was founded in 1997, and is based in Northfield, Illinois.
Xconomy
FEBRUARY 6, 2018
As Andreessen Horowitz begins to invest the $450 million the bellwether venture firm recently raised for its second bio fund , general partner Vijay Pande has been talking increasingly about the use of artificial intelligence in the life sciences. In a presentation a few months ago at the firm’s annual a16z Summit , Pande argued that many aspects of biology (biochemical pathways, for example) have become so big, complicated, and messy that understanding the system is beyond what a human being ca
socalTECH
FEBRUARY 6, 2018
Simi Valley-based Xavient Information Systems , a provider of outsourced IT services, has been acquired by TELUS International , the two announced this morning. The deal--which had been announced in October--was worth an estimated $250M. Xavient has more than 1,800 employees, in sites both in the U.S. and India. Xavient was founded and was led by serial entrepreneur Rajeev Tandon.
Xconomy
FEBRUARY 6, 2018
Walmart’s tech incubator in Silicon Valley, Store No 8, has acquired Spatialand , a virtual reality software firm, as its third portfolio company. While much of the focus in using VR has been on gaming and entertainment, “virtual reality has the potential to reinvent the consumer experience—with an experience we call contextual commerce,” according to a Store No 8 blog post Monday by Katie Finnegan, Walmart’s vice president of incubation and principal and founder of Store No 8.
socalTECH
FEBRUARY 6, 2018
The very first test flight ever for the Falcon Heavy , the new rocket from Los Angeles-based SpaceX , is set to take off this morning from the Kennedy Space Center in Florida, at 1:30 PM ET (10:30 AM PT). SpaceX is hoping to successfully launch the most powerful rocket since the Saturn V, and deliver--most unusually--a red Tesla Motors automobile, complete with dummy astronaut, into orbit around Mars.
socalTECH
FEBRUARY 6, 2018
Hawthorne, California-based SpaceX has shifted the launch time for its first attempt to launch its new rocket, the Falcon Heavy, to 2:50 PM ET, as a result of upper level wind shear. The Falcon Heavy--which is currently sitting at Launch Complex 39A at Kennedy Space Center in Florida--is the largest rocket created since the Saturn V, which last flew in 1973.
socalTECH
FEBRUARY 6, 2018
Hawthorne, California-based SpaceX successfully sent a cherry Red Tesla Roadster--complete with dummy spaceman--well on its way towards Mars, in its first test flight of the Falcon Heavy--the world's largest rocket since the Saturn V. In a perfectly coordinated landing, two of the Falcon boosters successfully returned to Earth in Florida, with a third last seen about to land on the SpaceX drone ship.
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