Fri.Jul 27, 2018

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Cesppa Closes $1.5 Million Seed Round

L.A. Business Journal

Cheviot Hills-headquartered anti-hacking startup Cesppa Inc. closed a $1.5 million seed round July 26, according to a Securities and Exchange Commission filing.

Startup 244
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Evite Enhances Product Offerings

socalTECH

Los Angeles-based Evite said this week that it has launched a new set of premium product offerings for its online invitations service. The company said the Evite Premium experiences allow its users to customize their digital invitations, envelopes, stamps, and inserts, and is aimed at professional use, corporate events, office holiday parties, open houses, and others.

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Silicon Beach Report July 27: Bird Rides Expands to Oregon

L.A. Business Journal

Congress Approves Reusable Rocket Bill; Cesppa Closes $1.

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Prevoty Acquired By Imperva

socalTECH

Los Angeles-based DevOps security software developer Prevoty , which is backed Trident Capital Cybersecurity, US Venture Partners, Plus Capital, Double M Capital, Core Ventures Group, Inventures Group, Daher Capital, Digi Venture Fund and Karlin Ventures, has been acquired by Imperva , Imperva announced late Thursday afternoon. Imperva said it would pay $140M in cash for Prevoty, subject to potential working capital and other adjustments.

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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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Bio Roundup: An Alzheimer’s Head-Scratcher, OUTBio, GSK & Gilead Shakeups  

Xconomy

The devil is in the details, and key clinical trial results made that abundantly clear this week. Eisai and partner Biogen released the highly anticipated details of an Alzheimer’s disease study they had already deemed positive, after an initial failure. In one sense, the study was the success they have claimed. A high dose of the drug appeared to have a positive impact on patients, compared to placebo.

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Sonos IPO Debut Expected Next Friday

socalTECH

Santa Barbara-based Sonos, the developer of user-friendly, Internet-connected, whole-home audio systems, is expected to hit the market next Friday, August 3rd, according to the NASDAQ IPO Calendar. Sonos is looking to sell 13,888,888 shares of its common stock at between $17.00 and $19.00 per share. Actual pricing on the IPO should occur Thursday night.