Wed.Dec 05, 2018

Putting the band back together, ExactTarget execs reunite to launch MetaCX

TechCrunch LA

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.

Silicon Beach Report Dec. 5: Hyperloop Transportation Technologies Creates New Venture

L.A. Business Journal

Upfront Ventures leads $14 million MetaCX round; Axiomatic invests in Matcherino; Hyperloop Transportation Technologies links with German port authority

Invest 162

Upfront Ventures Leads Investment In MetaCX

socalTECH

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.

Invest 126

Upfront Ventures Leads $14M MetaCX Funding Round

L.A. Business Journal

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

Transphorm's Semiconductors Powering New Solar Power Generator Product

socalTECH

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".

L.A.’s NuOrder Closes on $15M Investment to Grow B2B Platform Between Businesses

L.A. Business Journal

Los Angeles-based NuOrder, a B2B wholesale e-commerce platform, closed on a $15 million Series C financing round, led by Radnor, Pa.-based 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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Diffbot’s A.I. Engine Draws Global Map of Machine Learning Expertise

Xconomy

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.

The Trade Desk COO Steps Down

socalTECH

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. Perdue said, in a statement, that "this is the right time for me to move on to the next phase of my life."

Former Biotech VC Steven Burrill Draws 30-Month Prison Term for Fraud

Xconomy

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.

Hyperloop Transportation Technologies Creates Joint Venture In Germany

socalTECH

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.

Alto Lands $50M as Pharmacy Sector Embraces E-Commerce Lessons

Xconomy

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.

FactoryFour Finds $5M, Sets Up Shop In Culver City

socalTECH

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.

Viracta, Neurelis & More: The Latest in San Diego Biotech

Xconomy

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. The San Diego biotech is developing therapies for cancers related to the Epstein-Barr virus.

ResMed Buys Propeller Health For $225M

socalTECH

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.