Mon.Oct 01, 2018

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HyperX Releases New Gaming Earbuds

socalTECH

Fountain Valley-based gaming products manufacturer HyperX , which is part of Kingston Technology, said today that it has released a new set of "gaming headphones" specifically for the Nintendo Switch. The new HyperX Cloud Earbuds are specifically geared towards mobile gamers, according to the company, with soft silicone ear tips. The earbuds also feature a microphone, and will have a MSRP of $49.99.

Tips 133
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Silicon Beach Report Oct. 1: Justice Department Sues California

L.A. Business Journal

California’s net neutrality legislation brings challenges from the feds; Rapaport promoted at Amazon Studios; more flights From Surf Air

.Net 113
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Newegg Launches Gaming Promotion Month

socalTECH

Los Angeles-based technology e-commerce retailer Newegg says it has kicked off its annual "Gametober" month, where it will offer up deals on gaming gear sought after by its customers. Newegg said it will offer up great deals on components and storage products, VR-ready products, and e-sports gear all month. The promotion is just one of many that Newegg runs during the year to help it spur game sales outside of the holiday season.

NewEgg 133
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Nobel Medicine Prize Honors Cancer Immunotherapy Pioneers Allison, Honjo

Xconomy

[ Updated, 11:45 am ET, with comments from press conference ] Harnessing the immune system to fight cancer has transformed the treatment of many cancers, and the lives of countless cancer patients who have seen their disease go into remission. Consequently, many people have speculated over the last several years that the founding researchers of the cancer immunotherapy field would win the Nobel Prize in Physiology or Medicine.

Press 98
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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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Elon Musk, Tesla Settle With SEC

socalTECH

Elon Musk , the technology mogul who runs both Los Angeles-based SpaceX , as well as electric car and solar power manufacturer Tesla , has agreed to settle the securities fraud charge brought against him by the SEC last week. Tesla has also settled with the SEC over charges that the firm failed to have the requires disclosure controls and procedures around Elon Musk's tweets.

SpaceX 133
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VelosBio Emerges with $58M in Funding to Steer Cancer Drugs to Clinic

Xconomy

VelosBio, a biotech startup researching new cancer drugs, has raised $58 million in financing. The new VelosBio cash, a Series A round of financing, was led by Arix Bioscience (LSE: ARIX ) and Sofinnova Ventures. VelosBio joined Johnson & Johnson’s JLABS @ San Diego incubator in January. The company is developing antibody drug conjugates, a class of cancer drug that links antibodies to potent cancer-fighting toxins.

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10 San Diego Startups to Compete at Region’s Top Pitch Competition

Xconomy

Ten tech startups will vie to impress a panel of six judges and hundreds of attendees at San Diego’s biggest pitch contest later this month. Three of the 10 slated to pitch at the Oct. 24 event will get a cut of $75,000 to advance their businesses. Launched in 2006 by San Diego’s Tech Coast Angels, the annual John G. Watson Quick Pitch Competition this year is being co-hosted by San Diego Venture Group and Cox Business—the commercial division of Cox Communications, a subsidiary of Atlanta-

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Edmunds Launches New Automotive Video, Reviews Site

socalTECH

Santa Monica-based automotive information provider Edmunds has launched a new online destination for "curated" automotive video and reviews, called Edmunds RoadNoise , where it will feature automotive reviews, videos and buying advice. According to Edmunds, the new site is aimed at either those who are just starting to search for a car, or those who prefer browsing "just editorial content" in one place.

Edmunds 113
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Yardi Debuts Machine Learning Software

socalTECH

Santa Barbara-based property management software developer Yardi said today that it has launched a new product, which uses machine learning for prescriptive analytics. According to the company, its new Yardi Elevate software is aimed at the multifamily market, and uses marcine learning to help CEOs, COOs, asset managers, and others with marketing, expense and revenue budgeting and forecasting, market valuations, and other recommendations.

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Focal Therapeutics Acquired For $125M

socalTECH

Aliso Viejo-based Focal Therapeutics , a developer of implantable medical devices used by surgeons in lumpectomy procedures, which is backed by Orange County-based Okapi Ventures, along with Emergent Capital Partners, has been acquired by Hologic , in a deal worth $125M in cash. Hologic is based in Marlborough, Mass. According to Hologic, the deal will help strengthen its position in the market for break conserving surgery.

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VelosBio Finds $58M

socalTECH

San Diego-based VelosBio , a biotech startup developing novel antibody-drug conjugates to treat hematological cancers and solid tumours, has raised $58M in a funding round. The Series A funding was led by Arix Bioscience, and also included Pappas Ventures, Chiesi Ventures, Takeda Ventures, and Decheng Capital. Lead investor Arix said the funding will be used by VelosBio to complete nonclinical development and advance the company's lead programs into clinical studies.

San Diego 113
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Sonosim Scores Funding From GE Healthcare

socalTECH

San Diego-based ultrasound education and training software developer Sonosim has received an equity investment from GE Healthcare , GE Healthcare announced on Monday. Financial details of the funding deal were not announced. According to GE, the deal included a partnership effort which will offer enhanced education services to new and existing ultrasound users around the world.

Funding 113