Tue.Oct 24, 2017

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Soylent Banned In Canada

socalTECH

Los Angeles-based meal replacement drink maker Soylent has had its products banned in Canada, the company said on Tuesday, by the Canadian Food Inspection Agency (CFIA). According to Soylent, the CFIA informed the company that its product do not meet Canadian requirements for a "meal replacement". As a result, Soylent said it is unable to continue shipping its Soylent products to Canada for distribution to customers.

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Silicon Beach Report Oct. 24: Randy Freer to Succeed Mike Hopkins as Hulu CEO

L.A. Business Journal

Randy Freer to succeed Mike Hopkins as Hulu CEO, e-sports operator Cloud9 raises $25 million from WWE and others, and Army awards $10 million to Neural Analytics for brain injury detector.

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Neural Analytics Wins $10M Contract From US Army

socalTECH

Los Angeles-based medical device developer Neural Analytics reported a win with the U.S. Defense Department this morning, saying it has received a $10M contract from the U.S. Army to developer a portable device to assess combat-related traumatic brain injury (TBI). According to the company, the contract was awarded by the U.S. Army Medical Research and Materiel Command.

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3 Ways to Leverage Micro-Influencers and Grow Your Business

Tech.Co

One of the major shifts we have seen in consumer behavior is how reliant they are on reviews and third party recommendations. In fact, 71 percent of people say they make buying decisions based on recommendations they find on social media. These social recommendations often come from third party reviews, like bloggers and other influencers, leaving company ads less desirable.

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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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Sommetrics Hires Financial Advisor For Capital Raise

socalTECH

San Diego-based Sommetrics , a developer of medical devices to treat sleep apnea, said today that it has hired investment advisor Key West Investments to help it raise additional capital. According to Sommetrics, the new capital will go towards supporting its development and commercialization of products to treat disorders of the upper airway such as obstructive sleep apnea and chronic snoring.

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Why Millennials Are Moving to Downtown Cleveland

Tech.Co

What was once the 5th largest city in the country is now a midsize city with a small town feel. The people of Cleveland, Ohio take great pride in building their city and supporting the businesses in their hometown. What you might not see beyond Lake Erie, their basketball team and football in the snow, is their emerging tech scene happening downtown that's attracting investors and younger people.

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ChowNow Orders Up $20M More In New Funding

socalTECH

Los Angeles-based ChowNow , the online food ordering software developer led by CEO Chris Webb, has raised $20M in a Series B funding, the company said on Tuesday. The funding was led by Catalyst Investors. ChowNow develops online ordering software it provides to restaurants, providing them with iPhone and Android ordering apps, website ordering support, and more.

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Nimble Pharmacy, With Services In San Diego, Adds $28M

socalTECH

Nimble Pharmacy , a pharmacy delivery startup which currently offers up service in just San Diego and the Bay Area, has raised $28M in new funding. The funding was led by Sequoia Capital, and also included Y Combinator, First Round Capital, DAG Ventures and Khosla Ventures. San Diego is only one of two markets served by Nimble Pharmacy, which plans to use the new funding for expansion into new markets.

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Science Launches Its Own Financial Information Service Focused On ICOs

socalTECH

Santa Monica-based startup studio Science Inc. said Tuesday that it has launched its very own financial information service focused on initial coin offerings (ICOs) and cryptocurrency. Science said the ICO Watchdog will offer up notifications on ICOs, and provide secure updates about blockchain-based currencies, notifying users of significant movements in price and volume, upcoming sales, and more.

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H Code Media Adds Former Ambassador To Advisory Board

socalTECH

Los Angeles-based H Code Media , which provides digital advertising services for the US-Hispanic market, said this morning that it has added former U.S. Ambassador to Argentina, Noah Mamet, to its advisory board. H Code Media said Mamet is the first member of its advisory board, and will work with the company to deepen relationships with media companies in both Argentina and throughout Latin America.

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AutoGravity Partners With Auto Finance Firm

socalTECH

Irvine-based AutoGravity , the developer of a smartphone-based auto lending and financing app, said today that it has partnered with auto financing company Global Lending Servies LLC. According to AutoGravity, Global Lending Services, based in South Carolina, will provide access to finance offers through its platform. The company said the deal will give qualified car buyers access to a broader set of car finance options through its apps.

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