Wed.Oct 31, 2018

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DreamHost Receives $18M Loan from J.P. Morgan

L.A. Business Journal

Downtown LA-based DreamHost, a provider of web hosting and site management, announced Oct. 30 it completed an $18 million debt financing credit facility with J.P. Morgan Chase and Co.

Web 138
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Axonics Drops In IPO

socalTECH

Irvine-based Axonics Modulation Technologies , which is developing medical devices for treating overactive bladder, fecal incontinence, and urinary retention, has had its IPO debut, pricing its IPO last night at $15.00 per share. The company's stock dropping in trading on Wednesday, falling to around $14.85 in afternoon trading. Axonics sold 8,000,000 shares of its common stock in the offering.

Pricing 113
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Silicon Beach Report Oct. 31: Subscription App Sales Soar

L.A. Business Journal

LA County weighs electronic voting options; Activision issues Overwatch League changes; Hulu grows revenue 86 percent

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NTS Expands Testing Lab In Virginia

socalTECH

Anaheim-based National Technical Systems , which operates a number of qualification testing, inspection, and certification labs, says it is expanding its facilities in the U.S. with a new test facility in Virginia. According to NTS, it has added electromagnetic interference (EMI) and interoperability testing to its Rustburg, Virginia naval research and test facility.

Research 113
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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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Make Yourself A Key Sustainable Competitive Advantage

Startup Professionals Musings

The most successful entrepreneurs and business owners I know are humble, and they don’t have an inflated sense of self. When you have some success behind you as a manager, executive, founder, or CEO, it’s easy to become less open to the advice and signals around you, and believe you should just continue doing what you are doing to keep climbing. It’s a recipe for disaster.

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Axial Biotherapeutics Names New CFO, VP

socalTECH

Pasadena-based Axial Biotherapeutics , which is developing treatments for neurological diseases, said yesterday that it has named Jeffrey Young as its first Chief Financial Officer (CFO), and appointed Dennis Yamashita, Ph.D., as Vice President, Medicinal Chemistry. Young was most recently CFO, Treasurer, and Secretary at Juniper Pharmaceuticals, and also served at OvaScience, Transmedics, Lantheus Medical Imaging, Critical Therapeutics, PerkinElmer, and PriceWaterhouseCoopers LLP.

Pasadena 113

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Esri Extends To Embedded Linux

socalTECH

Redlands-based geographical information systems (GIS) and mapping software developer Esri is extending its software platform all the way to embedded Linux, the company said this week, with the rollout of a new software development kit. According to Esri, its ArcGIS Runtime SDK will support development for embedded Linux devices on the At platform, the first time developers will be able to build applications for its platform outside of desktops and mobile devices.

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PatientPop Raises New Funding Round

socalTECH

Santa Monica-based PatientPop , which develops healthcare practice management software, has raised a new round of funding, the company said this morning. The new funding brings its total raised to $75M. According to PatientPop, the funding was led by Leerink Transformation Partners (LTP). As part of the funding, Todd Cozzens, Managing Partner and co-founder of Leerink Transformation Partners joins the company's board of directors.

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