socalTECH
AUGUST 11, 2020
Los Angeles-based Whistle , which develops a platform for hotels to send messages and engage with their guests, said on Tuesday that it has signed up Four Sisters Inn, a boutique hotel chain in California. Financial details of the win were not announced. Whistle said that Four Sisters Inns runs such properties as the Kenwood Inn & Spa in Sonoma County.
SoCal Tech Calendar
AUGUST 11, 2020
Monday, August 17, 2020 -- What do investors want to see before they write that check? Pismo Ventures. Join JJ Richa in fireside chat with Kathie Priebe and Roland Schumann about what investors look for. For first-time and experienced entrepreneurs, the lingering question is the same: How do I get an investor to write a check? Sometimes the process of raising money seems more like a mystery novel that takes months to unfold and concludes with disappointing results.
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socalTECH
AUGUST 11, 2020
Los Angeles-based The Bake Market said late Monday that it has launched a new, online marketplace for home bakers. The site offers up baking mixes, ingredients, and supplies, which it says are "professional-grade", featuring brands which are those that are used by the pros. According to the new site, it offers up yeast, baking mixes, fruit fillings, sprinkles, fondant, pastry bags, paper baking sheets, and more.
Xconomy
AUGUST 11, 2020
Bayer has been building up its women’s health drug pipeline by striking deals and on Tuesday the pharmaceutical giant unveiled its latest one : $425 million up front for KaNDy Therapeutics, a biotech whose experimental menopause drug is projected as a blockbuster seller. KaNDy’s small molecule drug, NT-814, is in development as a treatment for common symptoms of menopause, such as night sweats and hot flashes.
Advertiser: Aggregage
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.
socalTECH
AUGUST 11, 2020
Irvine-based property information provider CoreLogic , which tracks property information and data, says it is seeing mortgage delinquency rates climbing, with a high correlation to geographies most impacted by the COVID-19 pandemic. According to the company, its Loan Performance Insights Report--which covers up to May--saw early stage and adverse deliquincy rates increasing, with all 50 states logged year-over-year increases in overall delinquencies this May.
Xconomy
AUGUST 11, 2020
Ligand Pharmaceuticals plans to acquire recombinant protein therapeutics maker Pfenex for $438 million, the companies announced Monday. The larger company agreed to pay $12 per share for Pfenex (NYSE American: PFNX )—a 57 percent premium to its closing price Monday. San Diego-based Ligand (NASDAQ: LGND ) generates revenue from licensing deals and royalties paid by pharmaceutical companies that use technologies it develops or acquires for their own drug research.
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
Both Sides of the Table
AUGUST 11, 2020
“I gotta say it was a good day.” I’m so fricking pumped today. Really, truly. Yeah, Valence announced > $5 million in funding led by GGV and Upfront. That IS a big deal, but I’ll get to that. But Kamala Harris was picked to be the Vice Presidential candidate for the Democratic Party. That means she’ll be the first female Vice President of the United States, the first female Black Vice President and the first Indian-American Vice President.
socalTECH
AUGUST 11, 2020
Fountain Valley-based memory giant Kingston Technology was unable to reduce a $7.5M jury award for patent infringement on a "swiveling" cover for a USB flash memory device, after a California federal judge rejected the company's legal challenge to the jury's findings. The award--made to a company called Pavo Solutions LLC --came after a jury trial in March, where Pavo had sought $15M in damages for Kingston's use of a swiveling USB flash memory cover.
socalTECH
AUGUST 11, 2020
Los Angeles-based Valence , the Black professional networking community, has raised $5.25M more in a Series A funding, the company said on Tuesday. The funding was led by GGV Capital, and also included Upfront Ventures. According to Valence, which is led by CEO Guy Primus, GGV Capital's Hans Tung is joining the company's board of directors with the investment.
socalTECH
AUGUST 11, 2020
Los Angeles-based Navitas Capital , a venture capital investment fund focused on real estate and construction technology, said today that it has named Michael Spies as a Venture Partner at the company. Spies was previously at Tishman Speyer, where he had been for 30 years, and was involved in investments in Honest Buildings (acquired by Procore) and OpenSpace.
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