Sat.Nov 03, 2018 - Fri.Nov 09, 2018

Idealab's Energy Vault Launches Energy Storage Technology

socalTECH

Energy Vault , a startup created by Pasadena-based startup incubator Idealab , announced this morning that it has launched its utility-scale energy storage technology into commercial availability. Energy Vault's technology--which looks like a wild idea created in Minecraft--uses immense concrete blocks, which store energy from renewable energy, using the same principles of pumping and storing water for energy storage.

Cornerstone Buys Grovo Learning for $24M

L.A. Business Journal

Santa Monica-based Cornerstone OnDemand Inc. has acquired privately held Grovo Learning Inc., a New York City-based technology company

Syntiant Snags $25M For Edge Computing

socalTECH

Irvine-based Syntiant , which is developing semiconductor used for edge computing, raised $25M in its Series B funding. The funding came from Sunstone Venture Capital Fund, along with Seraph Group, plus Microsoft, Intel, Amazon, Robert Bosch, Applied Materials, and Motorola, according to the company. Sunstone was an investor in its Series A funding.

Money is not the only measure of success.

Berkonomics

I am sure you heard of Maslow’s Hierarchy of Needs that motivate our behavior, in which Abraham Maslow laid out a human’s needs – from the physiological, to safety, then love and belonging, on to esteem and finally self-actualization. A little too esoteric for you? Let’s make it more personal.

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Silicon Beach Report Nov. 5: Analyzing Local Election Spending

L.A. Business Journal

Musk Shows off hyperloop demo tunnel; Bird fights ban in Beverly Hills; LA spending roughly $13 per voter

Advancing Women in Technology (AWT) 17th Annual Wine Tasting and Scholarship Fundraiser

SoCal Tech Calendar

Thursday, November 15, 2018 --.

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Esports One Wins Riot Games Brazil

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Santa Monica-based Esports One , which develops data and analytics software for the esports industry, said on Tuesday that it has partnered with Riot Games. Esports One said it will provide real time stats and data to Riot's League of Legends broadcasts in Brazil. Financial details of the deal were not announced. Esports One says it uses computer vision technology to provide real-time analytics and capture of what is happening with professional esports matches.

Car-Share Startup HyreCar Report Q3 Revenue Up 224 Percent to $2.7 M

L.A. Business Journal

HyreCar Inc., a downtown Los Angeles-based company allowing prospective ride-share drivers to temporarily lease vehicles from dealerships, announced Nov. 8 its third-quarter revenue grew 224 percent to $2.7 million over last year

Bio Roundup: Midterm Fallout, Alzheimer’s Search, Postpartum Panel

Xconomy

There was plenty at stake in this week’s midterm elections, and not just in terms of political wins and losses. With congress now divided—Democrats took back control of the House and Republicans extended their majority in the Senate—the implications are significant for U.S. healthcare.

Building Billion Dollar Startups: The First Annual Unicorn Quest

SoCal Tech Calendar

Thursday, November 15, 2018 --.

SpaceX Seeks $750M In Debt Funding

socalTECH

Hawthorne, California-based SpaceX , the commercial space exploration firm run by Elon Musk, is looking to raised $750M in a leveraged loan offering, according to a report on Tuesday. The loan effort is being led by BofA Merrill Lynch. The debt funding effort is apparently the company's first time it has attempted to tap into the institutional debt market. READ MORE>>. spacex commercial space exploration elon musk loan debt funding aerospace

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Silicon Beach Report Nov. 9: Activision Blizzard Announces Third Quarter Earnings

L.A. Business Journal

SpaceX requests lower launch threshold; Activision nets $1.7 billion third quarter revenues; Tastemade to release a book

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Hold Your Horsepower: For Mobility Industry, “Reality Is Sinking In”

Xconomy

Earlier this month, GM CEO Mary Barra told the crowd at a financial conference that her company was on track to unveil a ridesharing service in 2019 that would be powered by autonomous vehicles.

DTLA Pitch Night

SoCal Tech Calendar

Tuesday, November 13, 2018 -- DTLA Pitch Night. 2nd Annual Startups in the Sky. See [link] (more

RingDNA Adds $30M For Sales Analytics

socalTECH

Los Angeles-based RingDNA , which develops analytics software used for understanding the sales process and sales conversations, said last week that it raised $30M in a growth capital funding. The funding was led by Goldman Sachs Growth Equity (GS Growth), and also included Palisades Growth Capital and Bryant Stibel.

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Silicon Beach Report Nov. 8: Cornerstone Acquires Grovo Learning for $24M

L.A. Business Journal

Branson and Lloyd replaced at Virgin Hyperloop; Defy Media Folds; Grovo Learning acquired by Cornerstone OnDemand

ResMed To Add To Software Offerings With $750M MatrixCare Acquisition

Xconomy

Medical device maker ResMed has agreed to acquire Minnesota-based MatrixCare, which makes software for long-term care providers, for $750 million. San Diego’s ResMed (NYSE: ticker[[RMD]]) announced its intention to buy the privately held tech company on Monday.

brunchwork w/ Warner Music Group and Art Muse

SoCal Tech Calendar

Saturday, November 10, 2018 -- brunchwork w/ Warner Music Group and Art Muse. You're invited to an unforgettable sweetgreen brunch with Aton Ben-Horin, Global Vice President of AandR for Warner Music Group, and ArtMuse founder Natasha Schlesinger. Enjoy a fireside chat with Aton and Natasha, curated connections, a business challenge and pitch off.over a seasonal, locally-sourced meal. See [link] (more

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sonnen Teams With Homebuilder On Net Zero Homes In Florida

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Los Angeles-based residential energy storage technology developer sonnen said on Thursday that it has partnered with home developer Pearl Homes to build a "net zero" community in Florida.

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ZipRecruiter Adds Former Facebook, Linkedin Executives to Board

L.A. Business Journal

Online hiring and job-search platform ZipRecruiter Inc., based in Santa Monica, announced three new additions to its board of directors Nov. 8, including former executives of Facebook Inc., the San Francisco 49ers and GoDaddy Inc

Salk Team Awarded 8-Year, $19.2M Grant for Alzheimer’s Research

Xconomy

A 10-person team of researchers at the Salk Institute for Biological Studies has been awarded an eight-year, $19.2 million grant to investigate mechanisms underlying Alzheimer’s disease and aging-related cognitive decline and uncover new therapies. The grant, announced Friday by the research institute in San Diego’s La Jolla community, is part of a $43 million initiative by the American Heart Association and the Paul G. Allen Frontiers Group to fund brain health research.

GetGlobal 2018 - Thrive in Foreign Markets

SoCal Tech Calendar

Wednesday, November 7, 2018 -- GetGlobal 2018 - Thrive in Foreign Markets. GetGlobal is the largest summit in North America for international expansion, strategy, and key foreign market dynamics. It is curated exclusively for growth-minded companies seeking to outperform across regions, to see clearly and go boldly. At GetGlobal you will meet with the leading executives, experts, and specialists with unique insights into what drives global success so that you can thrive in foreign markets.

Mirium Pharmaceuticals Finds $120M

socalTECH

San Diego-based Mirium Pharmaceuticals , which is developing treatments for rare liver diseases, announced on Wednesday morning that it has raised $120M in a Series A funding round. The funding was led by New Enterprise Associates (NEA), and also included Deerfield Management, Frazier Healthcare Partners, Novo Holdings A/S, Pappas Capital, RiverVest Venture Partners and Rock Springs Capital.

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Silicon Beach Report Nov. 7: Riot Games Sued

L.A. Business Journal

Sexual harassment suit filed against Riot Games; SpaceX chosen for Kazakh rocket launch; HyreCar goes national

Nominations Open for San Diego’s Inaugural Xconomy Awards

Xconomy

Hundreds of companies. Dozens of research institutes. Billions of dollars in economic impact. San Diego is one of the top U.S. cities for innovation in life sciences and healthtech. Researchers and entrepreneurs here are leaders in developing the next generation of medicines and medical devices.

Santa Monica Tech Happy Hour on the Promenade!

SoCal Tech Calendar

Wednesday, November 7, 2018 -- Santa Monica Tech Happy Hour on the Promenade! Join L.A.'s s best tech and startup networking series for a special event in Santa Monica! See [link] (more

Elon Musk: Boring Company Tunnel Will Open December 10th

socalTECH

The first, high tech test tunnel built by LA's The Boring Company , bored between the SpaceX parking lot and a home in Hawthorne, California, is almost complete, and will open to the public on December 10th, according to Boring Company and SpaceX CEO Elon Musk.

Silicon Beach Report Nov. 6: J2 Global Revenue Up $293 Million

L.A. Business Journal

Sinemia goes for the weekday movie fan, AMC jumps into the subscription business; J2 Global reports revenue growth, Bird launches (tentatively) in United Kingdom

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MEI Pharma Inks Cancer Drug Deal with Japan’s Kyowa Hakko Kirin

Xconomy

The second-most advanced investigational drug in MEI Pharma’s four-asset portfolio is drawing attention from overseas as a potential treatment for several leukemias and lymphomas.

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Hollywood Tech Happy Hour -Tech Save America

SoCal Tech Calendar

Tuesday, November 6, 2018 -- Hollywood Tech Happy Hour -Tech Save America. See [link] (more