Mon.Jul 17, 2017

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Impact Health Raises $13M For Health Insurance Marketplace

socalTECH

Looking for the best health insurance plan for you? Pasadena-based Impact Health said Monday that it has raised $13M in a Series A funding, to help connect patients with health insurers. The startup said the funding came from Techstars Venture Capital Fund and Foundry Group. The startup, led by Christine Carrillo, says it helps patients enroll in health plans, find doctors, help contesting surprise medical bills, and check for what is covered under their health plan.

Pasadena 140
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Silicon Beach Report July 17: Faraday Future Makes High-Profile Hire from BMW Despite Financial Problems

L.A. Business Journal

Faraday Future makes high-profile hire from BMW despite financial problems, Impact Health raises $13 million, and Snap Inc. stock lockup to end soon, possibly putting more pressure on shares.

Report 100
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HyperX Rolls Out New Gaming Keyboards

socalTECH

Fountain Valley-based HyperX , the gaming products division of Kingston Technology, said today that it has rolled out two new, mechanical gaming keyboards, aimed at the e-sports gaming market. According to the company, the keybaords include solid steel frames, lighting effects, "anti-ghosting" featuers, and more. The HyperX Alloy Elite Mechanical Gaming Keyboard has an MSRP of $109.99, and the HyperX Alloy FPS Pro Mechanical Gaming Keyboard has a MSRP of $79.99.

Marketing 124
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Startup WiseWear Connects With Ingenu on Wearable Security Device

Xconomy

San Antonio —WiseWear, a San Antonio-based wearable technology maker, has created a new product that uses a low-power wireless network to help users stay connected to an emergency alert services around the globe. The company and its partner on the device, San Diego-based Ingenu, plan to sell it as a small, circular piece of Internet-connected technology that can be attached to a keychain, clip, or watch, as a security measure people such as children, the elderly, executives, international

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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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Techstars Names New Los Angeles Accelerator Class

socalTECH

Techstars Los Angeles has just named the ten companies that will be joining the startup accelerator for its 2017 class, saying its theme this year was "going long on LA and southern California". According to Techstars, although just one third of the companies that applied to the Los Angeles program this year were in SoCal, it ultimately selected nine of the ten companies from the region.

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Startups Need Employees Who React Like Entrepreneurs

Startup Professionals Musings

Every startup lucky enough to get some traction gets to the point where they decide to hire some “regular employees” for sales, marketing, and administrative tasks. Then they are surprised to see productivity and creativity take a big dip. What they should be doing is hiring only “entrepreneurs,” meaning people who think and act as if this is their own business.

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What Does it Mean to be American? Why Trump is Just a Blip on the Radar

Both Sides of the Table

Starting back in 2015 and throughout much of 2016 people started commenting that my blog had become a lot more political. I guess I didn’t see it quite that way. My blog has always been a mixture of what was on my mind and a blend of venture, startup life, tech views and current society events that related to my interests: Venture, startup & tech.

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UC San Diego Engineers' Glove Understands American Sign Language

socalTECH

A new, "smart glove" developed by engineers at the University of California San Diego , understands and translates the American Sign Language alphabet into text, the school said last week. According to UCSD, the glove was built for less than $100, using stretchable, printable electronics. The researchers say that, in addition to being used to decode American Sign Language, the glove also can be used in virtual and augmented reality, telesurgery, technical training, and defense.

San Diego 113
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5 Bars Acquired By Neutral Connect Networks

socalTECH

Irvine-based 5 Bars , a distributed antenna systems (DAS) installer and operator, has been acquired by Florida-based Neutral Connect Networks (NCN), the companies announced earlier this month. Financial terms of the buy were not disclosed. The acquisition was announced by Neutral Connect Networks, as part of a $30M funding from M/C Partners. 5 Bars was led by CEO John Clarey, who becomes an investor in NCN as part of the deal; 5 Bars provided its DAS systems in the sports and entertainment marke

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AdQuick Finds $1.1M In Seed Funding

socalTECH

Los Angeles-based startup AdQuick has raised $1.1M in a seed funding round, the company said over the weekend. The funding came from Initialized Capital, and also included VTF Capital and Haystack Ventures. AdQuick is led by Matthew O'Conoor. The company help companies buy and measure outdoor billboard advertising. READ MORE>>.

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Collectly Hunts Down $1.9M For Medical Debt Recovery Service

socalTECH

Walnut, California-based Collectly , a debt collection service which tracks down patients owing overdue medical bills, has raised $1.9M in a funding, the company said last week. The LA area company, led by CEO Levon Brutyan, said the funding came from GoAhead Ventures, and also included Lightspeed Venture Partners, Index Ventures, WTI, IT-Farm, Cabra.vc, Granatus Ventures, HIVE and OnWave Ventures.

Walnut 113
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Quidel Buys Assets From Alere In $440M Deal

socalTECH

San Diego-based diagnostic testing systems developer Quidel announced this morning that it is acquiring a number of assets from Alere Inc. , including the the Triage MeterPro cardiovascular (CV) and toxicology assets and the B-type Naturietic Peptide (BNP) assay business run on Beckman Coulter analyzers from Alere. The acquisition is part of the pending acquisition of Alere by Abbott.

San Diego 113
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Ixia, ProtectWise In Partnership

socalTECH

Calabasas-based Ixia , the developer of network testing products, and enterprise security software developer ProtectWise said today that they are in an integration patnership. Accorsding to the two, the partnership will deliver enterprises a comprehensive solution for end-to-end visibility across enterprise, mixed cloud, and multi-cloud environments.

Calabasas 113
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Warner Music Group Buys Assets From Songkick

socalTECH

Burbank-based Warner Music Group has acquired the core assets of Songkick , including its app, website, and trademark, according to the firms. Financial details of the acquisition were not announced. Songkick had operated an online website focused on concert discovery. Warner Music Group said that Songkick will become part of WEA, its artist and label services division.

Burbank 113
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AT&T Eyes Focus On Silicon Beach, Hollywood

socalTECH

AT&T says that it is bolstering its operations in both Silicon Beach and Hollywood, as part of its $85.4 billion takeover of Time Warner. According to AT&T spokespeople at the company's SHAPE Tech & Entertainment Expo, which was held at the Warner Bros. Studios lot on Friday and Saturday, the company is planning to bolster its operations across Los Angeles, to take advantage of the region's growing reputation as a center of the technology industry.

Hollywood 113