L.A. Business Journal
DECEMBER 5, 2018
Upfront Ventures leads $14 million MetaCX round; Axiomatic invests in Matcherino; Hyperloop Transportation Technologies links with German port authority.
TechCrunch LA
DECEMBER 5, 2018
Scott McCorkle has spent most of his professional career thinking about business to business software and how to improve it for a company’s customers. The former President of ExactTarget and later chief executive of Salesforce Marketing Cloud has made billions of dollars building products to help support customer service and now he’s back at it again with his latest venture MetaCX.
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socalTECH
DECEMBER 5, 2018
Los Angeles-based venture investor Upfront Ventures is the lead investor in a MetacX , a startup developing collaboration software for suppliers and buyers of enterprise software. According to MetaCX, it raised over $14M in the funding round, which was led by Upfront Ventures. Upfront's participation was led by Kobie Fuller, who joins MetaCX's board of directors as part of the funding.
L.A. Business Journal
DECEMBER 5, 2018
Early-stage venture capital investor Upfront Ventures, based in Santa Monica, led a $14 million investment round for MetaCx, an Indianapolis-headquartered developer of e-commerce management software.
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socalTECH
DECEMBER 5, 2018
Goleta-based semiconductor Transphorm , which designs and manufactures gallium nitride (GaN) semiconductors, says its technology has been used in a new product from Inergy. According to the two, Inergy and its design partner Telcodium used Transphorm's semiconductors as a key part of its new portable solar generator, the "Kodiak Extreme". The new solar generator provides up to 2kW of 110 or 120V output which it says is more powerful and lighter than competitive products, and in particular runs m
L.A. Business Journal
DECEMBER 5, 2018
Los Angeles-based NuOrder, a B2B wholesale e-commerce platform, closed on a $15 million Series C financing round, led by Radnor, Pa.-based venture capital firm NewSpring and joined by existing investors Upfront Ventures of Santa Monica and Argentum of New York City.
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Startup Professionals Musings
DECEMBER 5, 2018
In this age of constant change, I usually find myself writing about what has changed. Yet I find that periodically it pays to reflect on what hasn’t changed in business, probably won’t change in the foreseeable future, and is still critical to our success in our professional career, as well as the success of our business. Here is my list of the basics that some people in business tend to forget: Showing up consistently must still be priority one.
socalTECH
DECEMBER 5, 2018
Los Angeles-based advertising technology developer The Trade Desk says its Chief Operating Officer, Rob Perdue, is stepping down. According to the firm, Perdue--who has been at the firm since 2013, before its IPO--will step down after a transition period in the first half of 2019. The Trade Desk said Perdue will be stepping down to spend more time with his family.
Xconomy
DECEMBER 5, 2018
A year ago, the leading Chinese Internet company Tencent Holdings pegged the global number of artificial intelligence researchers and professionals at 300,000 or less—just as the unmet demand for such experts was pushing salary offers to as much as $1 million. In February, the Canadian firm Element AI estimated that talent pool at no more than about 90,000, Bloomberg reported.
socalTECH
DECEMBER 5, 2018
Playa Vista-based Hyperloop Transportation Technologies (HTT), the hyperloop technology developer led by Dirk Ahlborn, has created a joint venture with a German company, Hamburger Hafen und Logistik Aktiengesellschaft (HHLA), which is the biggest container terminal operator in the Port of Hamburg. According to the two, the new joint venture will focus on using hyperloop technology for what the two called the largest rail port in Europe, and also will look to extend that technology to other ports
Xconomy
DECEMBER 5, 2018
The pharmacy industry’s transformation is accelerating, as traditional drug retailers strike deals to expand their businesses and fend off technology startups encroaching on their territory. The latest salvo in the increasingly competitive sector is a $50 million investment in Alto Pharmacy, a San Francisco-based “digital pharmacy” startup that has offices in Denver.
socalTECH
DECEMBER 5, 2018
FactoryFour , a startup which developing software to enable custom production of industrial goods, has raised $5M in a Series A funding, and set up shop in Culver City. The startup--which started in Baltimore, Maryland--says it already has 15 full time employees in Los Angeles, and has plans to add approximately 15 more hires within a year. The startup's Series A funding was led by August Capital, and also included existing investor Refactor Capital.
Xconomy
DECEMBER 5, 2018
G. Steven Burrill, once a noted biotech investment fund founder, sought-after conference speaker, and life sciences publisher, was sentenced Wednesday to serve 30 months in federal prison for defrauding his investors and evading taxes. Burrill was indicted by a federal grand jury on September 14, 2017. He was accused of diverting more than $18 million from the $283 million Burrill Life Sciences Capital Fund III under the guise of management fees.
socalTECH
DECEMBER 5, 2018
San Diego-based ResMed , which develops medical devices and software, has acquired Propeller Health , a developer of digital health products for patients with chronic obstructive pulmonary disease (COPD) and asthma, in a deal worth $225M. According to ResMed, Propeller Health will operate as a standalone business, and continue to maintain its COPD and asthma product solutions.
Xconomy
DECEMBER 5, 2018
Even as all eyes were on the American Society of Hematology (ASH) conference in downtown San Diego this week, other biotech companies were staying busy. Let’s get caught up with the latest life sciences news in San Diego. (Check out Xconomy’s ASH coverage here and here.) —Viracta Therapeutics has raised $10 million from China’s Salubris Pharmaceuticals as part of a larger ongoing financing round.
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