Wed.Apr 18, 2018

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SpaceX Ready For Wednesday NASA Launch

socalTECH

Hawthorne-based SpaceX is getting set to launch yet another payload into space for NASA, saying all systems and weather are go for the 6:51 p.m. EDT launch of the NASA Transiting Exoplanet Survey Satellite (TESS) mission. SpaceX is launching the payload on a Falcon 9 from Space Launch Complex 40 (SLC-40) at Cape Canaveral Air Force Station, Florida.

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Silicon Beach Report April 18: Tala Raises $65M to Move into Mexico, India

L.A. Business Journal

Tala raises $65 million to move into Mexico and India; Hyperloop lands deal for first commercial Hyperloop system in UAE; j2 Global acquires ThreatTrack, Lifescript.

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ObEN Deploys Personalized Avatars In Shanghai

socalTECH

Pasadena- and Hong Kong-based ObEN , which is developing personalized avatar technology which turns a user's photos and voice into a virtual, talking avatar, says it is deploying its technology in Shanghai at a retailer in Shanghai. According to ObEN, its technology is being used to power a "personal AI art concierge" for retailer K11, at the Shanghai K11 Art Mall.

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Gemalto KeySecure Certification course

SoCal Tech Calendar

Tuesday, April 24, 2018 -- Gemalto KeySecure Certification course.

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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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LogicMonitor Acquired By Vista Equity Partners

socalTECH

Santa Barbara-based IT monitoring software developer LogicMonitor has been acquired by private equity investor Vista Equity Partners , from its existing owner, Providence Strategic Growth (PSG), the companies said on Tuesday. Financial details of the acquisition were not announced. According to the companies, PSG will retain a minority ownership stake in LogicMonitor after the majority acquisition.

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10xBio Raises $2.7M to Test Body Sculpting Drug in Clinical Trial

Xconomy

John Dobak, a life sciences serial entrepreneur in San Diego, said a new startup he’s leading has raised $2.66 million to advance a drug that is already approved to shrink varicose veins through early-stage clinical trials testing it in a new use —fat reduction body sculpting. The biotech, 10xBio, announced earlier this month that the FDA had approved its application to begin clinical trials in Phase 1b/2a studies testing the unnamed injectable drug.

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Cancer Wrap: Blueprint, Checkmate, More AACR News & Phase 3 Blues

Xconomy

The big headlines from the American Association for Cancer Research meeting in Chicago were all about the battle over the latest lung cancer data , and for good reason. Lung cancer remains the deadliest cancer, but the Phase 3 data suggest that treatment options for some of the direst cases could soon rapidly expand. There were results from earlier stages of clinical studies and preclinical research, which is the traditional material for AACR, as well as a couple of late-stage letdowns that came

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Immortals Inks Partnership With Mountain Dew

socalTECH

Los Angeles-based e-sports organization Immortals and Mountain Dew said on Tuesday that the two are in a partnership, where Mountain Dew will become the "Official Beverage" of the e-sports team. Financial details of that sponsorship deal were not announced. According to the two, the deal will include multiple content initiatives, including an unscripted, esports pilot that will feature the Immortals.

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Facebook: Lip Service to Privacy is Over

Xconomy

As publicity-shy Facebook co-founder and CEO Mark Zuckerberg testified before both houses of Congress last week amid an avalanche of criticism about the dearth of user privacy on the world’s biggest social media network, it became crystal clear that the entire social media industry has entered a new and perilous phase. Trust in all social media platforms is plummeting.

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Tala Finds $65M More

socalTECH

Santa Monica-based Tala , which provides financial services for underserved consumers using their mobile phones, has raised $50M in a Series C funding, plus an additional $15M in separate funding, according to the company. The funding was led by Revolution Growth, and also included IVP, Data Collective, Lowercase Capital, Ribbit Capital, and Female Founders Fund.

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Agentology Gets $12M For Real Estate Leads

socalTECH

San Diego-based Agentology , which develops automated lead referral and management tools for the real estate industry, has raised $12M in a funding round, the company disclosed Tuesday. The funding was led by Defy.vc, which will add Trae Vassallo to Agentology's board. Agentology says it handles and qualifies real estate leads for real estate agents, using a team that is 100 percent based in the US.

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