socalTECH

JANUARY 9, 2017

San Diego-based MatriSys Bioscience , which is developing treatments for treating skin and dermatologic conditions, says it has raised $1.5M in a funding round from the Tech Coast Angels. The lead investor in the investment was Jeff Friedman, MD, Ph.D., who is head of the TCA's Life Sciences Committee. The company's technology is based on skin microbiome research developed at the University of San Diego, in the labs of Professor Richard Gallo.

Tech Coast Angels 126

Tech Coast Angels Angel San Diego Research 126

L.A. Business Journal

JANUARY 9, 2017

Court approves British company’s bid for bankrupt Nasty Gal, SpaceX delays rocket launch one week, telemedicine platform SnapMD raises $3.25 Series A extension, and more.

SpaceX 100

SpaceX Platform Report 100

socalTECH

JANUARY 9, 2017

Thousand Oaks-based Amgen announced this morning that it has made a $30M investment in a German company developing cancer immunotherapy, Immatics Biotechnologies GmbH. According to Amgen, the deal could potentially be worth over $1 billion in milestone payments plus royalties. Immatics Biotechnologies is developing cancer immunotherapies focused around target discovery and T-cell receptors, which the two said they are combining with Amgen's bispecific antibody platform, in order to create novel

Thousand Oaks 126

Thousand Oaks Invest Platform Develop 126

Xconomy

JANUARY 9, 2017

Millions of consumers who used to type their search questions on a laptop or the tiny keys of a smartphone are now simply telling a tabletop device what they want. Signs are that the Amazon Echo and Google Home—both equipped with smart voice assistants—will turn out to be blockbuster sellers of the holiday gift season of 2016. I think that’s a big deal.

Google 73

Google Artificial Inteligence San Diego Company 73

Advertiser: Aggregage

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.

Company

socalTECH

JANUARY 9, 2017

Los Angeles-based SnapMD , which develops telemedicine software and technology, announced this morning that it has added $3.25M in a Series A financing extension. The company said the funding brings its total raised to $9.15M. The startup, led by President and CEO Dave Skibinski, said the new funds go to expand its sales and marketing efforts, and drive revenue through its channel partner programs.

Los Angeles 122

Los Angeles Sales Funding Software 122

Xconomy

JANUARY 9, 2017

New York State Governor Andrew Cuomo is planning to use some of the cash from his recently announced $650 million biotech initiative on Manhattan’s biggest life sciences problem—lack of lab space. Cuomo will put $17 million in state funding towards a new biotech startup incubator that will be situated in the New York Genome Center in Lower Manhattan.

Incubator 58

Incubator San Diego Startup Networking 58

Startup Professionals Musings

JANUARY 9, 2017

The average business person fights a customer culture shift, rather than looking for it. For them, change means new risk and extra costs, but it also means new opportunity for growth. In fact, some of the best, including Steve Jobs, actually drove culture change rather than waiting for it to happen. What are the lessons that the rest of us need to learn to see and survive these shifts?

Customer 56

Customer Custom Marketing Startup 56

socalTECH

JANUARY 9, 2017

Los Angeles-based fashion brand and e-commerce provider Nasty Gal is being acquired by UK fashion brand Boohoo.com plc , Boohoo said it a financial filing today, inn a deal worth $20M. According to Boohoo, it has entered into an asset purchase agreement as part of Nasty Gal's bankruptcy sale, which includes "certain intellectual property assets and customer databases" from Nasty Gal.

Commerce 116

Commerce Company Companies Los Angeles 116

socalTECH

JANUARY 9, 2017

Thousand Oaks-based Amgen is the lead investor in a round for San Francisco- and Bozeman, Montana-based SiteOne Therapeutics , SiteOne said on Friday. SiteOne said it raised $15M in a Series B funding round, which was led b Amgen, and also included Next Frontier Capital and insiders. SiteOne is developing no-opioid analgesics, aimed at treating chronic pain without causing addiction.

Thousand Oaks 116

Thousand Oaks Invest Capital Funding 116

socalTECH

JANUARY 9, 2017

San Diego-based Harvest.ai , a developer of software that uses machine learning and artificial intelligence to prevent data loss from enterprises, has reportedly has been acquired by Amazon.com. The company was reportedly acquired for around $20M. Harvest.ai had raised only $2.3M in funding from Trinity Ventures back in March of 2015. The startup is led by Alexander Watson, who previously was at the National Security Agency (NSA) and also had served at Websense.

Artificial Inteligence 109

Artificial Inteligence Report San Diego Software 109

socalTECH

JANUARY 9, 2017

Irvine-based medical device developer Ivantis , which is developing microstents for minimally invasive glaucoma surgery, has raised $25M in a Series C funding, the company announced today. The funding was led by RA Capital Management, a new investor, and also included Merieux Developpement, along with existing investors. The company said the funding gives it runway until 2020, and support commercialization of its product in the United States.

Funding 109

Funding Capital Product Develop 109

socalTECH

JANUARY 9, 2017

Irvine-based dental laser manufacturer BIOLASE has lost its CFO, the company announced early this morning. Biolase said that its Senior Vice President and Chief Financial Officer, David C. Dryer, has resigned from the company to "pursue other opportunities". The company also said the resignation was for "personal reasons", unrelated to the company's financial condition.

Company 109

Company Companies 109

socalTECH

JANUARY 9, 2017

Irvine-based pharmaceuticals developer Aerie Pharmaceuticals announced this morning that it is planning to open up its first manufacturing plant, in Ireland. Aerie Pharmaceuticals said it has signed a lease agreement with the Industrial Development Agency (IDA) of Ireland for a new manufacturing plant in Athlone, Ireland, which will include 30,000 square feet of interior floor space.

Product 109

Product Develop Development Company 109

socalTECH

JANUARY 9, 2017

Santa Monica-based TrueCar is continuing its outreach to car dealers--looking to patch up what had been a fairly contentious relationship with both dealers who list and do not list automobiles on its site--saying it is releasing an updated "Dealer Pledge". TrueCar said it will be showing off the pledge at the upcoming 2017 NADA automobile convention, saying the effort reflects a "commitment to operate a transparent, balanced marketplace that benefits both consumers and dealers.

Truecar 109

Truecar Santa Monica Conference Sites 109

socalTECH

JANUARY 9, 2017

Hawthorne-based SpaceX has moved the satellite launch scheduled for this morning at Vandenberg to January 14th, due to high winds and rain, the company said on Sunday. SpaceX has been attempting to launch ten IridiumNext communications satellites into space from Vandenberg since the fall. The launch of that payload for Iridium already has seen delays due to the SpaceX explosion at Cape Canaveral, a wild fire at Vandenberg in September , plus a push from Sunday to Monday last week for unexplained

SpaceX 109

SpaceX Hawthorne Company Companies 109

socalTECH

JANUARY 9, 2017

San Diego-based Qualcomm --via Qualcomm Ventures--is one of the lead strategic investors in Team8 , an Israeli cybersecurity software developer, Team8 said on Monday. Qualcomm and Microsoft were the two big strategic backers in Team8, which said it has now raised a total of $92M in funding. The size of Qualcomm's investment was not announced. Team8's other investors include Cisco, Alcatel-Lucent and Innovation Endeavors, Cisco AT&T, Nokia, Mitsui & Co, Bessemer Venture Partners, Marker L

Invest 118

Invest San Diego Startup Software Development 118