L.A. Business Journal
MAY 9, 2017
Cover Technologies Inc., a prefab building company that designs and manufactures backyard studios, has raised $1.6 million in seed funding, according to a statement released Tuesday.
socalTECH
MAY 9, 2017
Monrovia, California-based AeroVironment has unveiled a new, palm-sized drone today, aimed at the military, called the Snipe. The Snipe--which it says can be worn on a uniform and is used for close-range intelligence, surveillance, and reconnaissance (ISR)--is an ultra-miniature quadcopter, and which it says it is already delivering to an un-named, U.S. government customer.
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L.A. Business Journal
MAY 9, 2017
Snapchat photos can now be viewed indefinitely, Cover raises $1.6 million to build prefab structures for homes, and SpaceX tests Falcon Heavy core.
socalTECH
MAY 9, 2017
Dell Technologies Capital , a new venture investment fund announced at Dell EMC World on Monday, says it is an investor in Irvine-based Cylance , according to the fund's new website. Dell Technologies Capital--which will conduct venture investments for Dell Technologies as well as its other related businesses--said it will invest $100M annually in startups.
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L.A. Business Journal
MAY 9, 2017
Snapchat users can now opt to allow their photos to be viewed indefinitely instead of having them disappear after 10 seconds, according to a statement released by Venice’s Snap Inc. on Tuesday.
socalTECH
MAY 9, 2017
Fountain Valley-based flash memory manufacturer Kingston Digital anounced Tuesday morning that it is expanding its efforts to reach the embedded solutions market, and has signed up a new manufacturer's representation in the Midwest. Kingston said it has selected Mel Foster Company as its select manufacturer's representative in the Midwest region of the United States.
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socalTECH
MAY 9, 2017
Two, Los Angeles-based venture capital investors have backed a developer of machine learning software, Qordoba , in its first investment funding round. Qordoba said the $5M funding came from Upfront Ventures and Rincon Venture Partners, with both Upfront Ventures' Kara Nortman and Rincon's Jim Andelman joining the company's board. Qordoba's machine learning software is used by such clients as Sophora, Cartier, Nutanix, and Netskope for language localization.
Xconomy
MAY 9, 2017
San Diego’s Edico Genome, highlighted in Monday’s media debut of Dell Technologies Capital , said today it has raised $22 million in Series B financing led by the Dell investment arm. All existing investors, including Qualcomm Ventures, Axon Ventures, and biotech industry executive Greg Lucier, participated in the round. The new cash, which brings Edico’s total funding to $32 million, will be used to fuel expansion and further development of Edico’s Dragen technology.
socalTECH
MAY 9, 2017
Corona del Mar-based Miramar Venture Partners is one of the backers in marketing automation software developer eRelevance , in a $5.1M funding round. eRelevance, which is based in Austin, Texas, said the round was led by Rally Ventures and also included Chicago Ventures, Miramar Venture Partners, Martin Investment Holdings and Capital Factory. READ MORE>>.
Xconomy
MAY 9, 2017
Scott Gottlieb will be the new FDA commissioner. The U.S. Senate voted 57 to 42 on Tuesday to confirm Gottlieb, a physician and venture capitalist, to lead the regulatory agency. He succeeds former FDA commissioner Robert Califf, who stepped down in January after President Donald Trump took office. Gottlieb is already familiar with the agency he will oversee.
socalTECH
MAY 9, 2017
On-demand home services marketplace operator Takl said this morning that it has expanded in San Diego, its third major market in California. The company, which already serves Los Angeles, Sacramento, and the San Francisco Bay Area, helps connects users to service providers willing to provide a wide range of chores and tasks. The company says it has signked up more than 1,600 local providers in San Diego.
socalTECH
MAY 9, 2017
Venice, California-based Signal Sciences announced this morning that it has raised $15M in a Series B funding round and launches its web protection platform. The funding was led by CRV. Signal Sciences says it has launched the Signal Sciences Web Protection Platform (WPP), threat protection software whcih protects web applications, microservices, and APIs.
socalTECH
MAY 9, 2017
Los Angeles-based Donut Media , a startup generating social video content focused on car enthusiasts, announced this morning that it has raised $800,000 in a seed funding round. The funding came from Techstars Ventures, 3311 Ventures, Fontinalis Partners and professional driver Ryan Tuerck. The startup, led by CEO Matthew Levin, says it has created a process for creating highly shareable automotive social content.
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