socalTECH
MAY 18, 2018
Technology mogul Elon Musk , along with his tunnel digging company, The Boring Company , held a community information event on Thursday evening to detail plans on how it hopes to solve traffic woes in Los Angeles. The hour long event--which was streamed to YouTube--talked about The Boring Company's plan to use all-electric pods, which would travel through tunnels across Los Angeles.
socalTECH
MAY 18, 2018
Santa Barbara-based Sonos , which makes user-friendly, whole home music systems and speakers, has laid off 96 employees, according to multiple reports from Santa Barbara media on Friday. Deails on the layoffs have not been announced by the company, nor reason for the cuts. The cuts were reported by both the Pacific Coast Business Times and Santa Barbara Independent.
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L.A. Business Journal
MAY 16, 2018
Quarterback gets $2.5 million to boost e-sports efforts; European Court rules against Netflix; Block 5 returns unscathed.
socalTECH
MAY 18, 2018
Los Angeles-based Eyellusion , which conducts "hologram music tours" that feature such deceased celebrities as Frank Zappa, Ronnie James Dio and others, has raised $2M in a seed funding round. The funding came from Thomas Dolan, part of the family that owns Madison Square Garden and AMC Networks. The company said Dolan joins as an advisor to the company.
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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.
Both Sides of the Table
MAY 13, 2018
This is part of a series of advice for founders who need to raise money from venture capitalists. The first in the series is “ Lemons Ripen Early ,” which also has a link to other posts. The most important advice I could give you before you set out in fund raising mode is to understand that fund-raising a sales & marketing process and needs to be managed.
TechCrunch LA
MAY 15, 2018
My boss’ boss’ boss was on CNBC this morning touting Verizon ‘s new 5G services and naming Los Angeles as the second city in America to be treated to a commercial rollout of the new networking technology. “I think we’re a lot closer than people think,” says Verizon chief executive Lowell McAdam of the nation’s move to the higher-speed 5G networks. “We’re locking in on four this year,” McAdam said of the cities that will receive 5G tech
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
socalTECH
MAY 17, 2018
The insurance industry is an old industry, with a lot of contradictions--it's one where the more claims insurers pay to help customers, the less money the insurers make--and it's also one that hasn't been disrupted much yet by technology. Is it possible to use technology to replace the age-old system currently in use in insurance? That's what Los Angeles-based Eusoh (www.eusoh.com) is hoping to do.
Both Sides of the Table
MAY 14, 2018
I Know Everybody Told You to Send Your Fund-Raising Decks as a Link. Here’s Why You Should Just Send the Deck I know you have your document sending tool to send your fund-raising deck to VCs and track who read your deck, which pages they read and how much time they spend on each page. I know that you can use an email system with this to track my open rate, whether I forwarded the email, the IP address where I read it, whether I was on a mobile device or a wired computer and you can tell who else
TechCrunch LA
MAY 13, 2018
On a mild Thursday night at the Los Angeles Forum , Nike’s public relations team and a group of journalists from some of the country’s leading lifestyle, tech, and general interest websites gathered to see the debut of Nike’s most ambitious SNKRS stash drop. Launched in conjunction with Kendrick Lamar’s Top Dawg Entertainment , the collaboration between Nike and Lamar marks a series of firsts for the world’s largest sports and lifestyle brand.
L.A. Business Journal
MAY 18, 2018
Elon Musk revealed more details about his Boring Co. project; mobile game developer Gamelynx announced a $1.2 million raise to create a competitive e-sports game; venture capital firm Upfront Ventures continued to back Irvine-based Cloudvirga.
socalTECH
MAY 14, 2018
Pasadena-based SeqOnce Biosciences , which is developing next generation sequencing technology, has raised $1M in a seed funding round, according to the company. The funding came from Pasadena-based Mount Wilson Ventures (MWV), a new venture capital investment fund led by longtime Pasadena biotechnology veteran Mike Giardello, Ph.D. According to SeqOnce, it will use the new funding for commercialization of a library construction kit for whole genome next generation sequencing (NGS).
SoCal Tech Calendar
MAY 18, 2018
Thursday, May 24, 2018 -- Silicon Beach Crypto Happy Hour w/ Presentations at The Room in Santa Monica (Complimentary Drinks). Thursday, May 24th Starting at 6pm! Complimentary Drinks, Presentations, and Networking! Meet new people and participate in lively discussions with outstanding names in the Silicon Beach Crypto and Blockchain community. Make sure to bring your business cards and be ready to make awesome connections with amazing people in blockchain technology.
Xconomy
MAY 17, 2018
An Amgen migraine drug developed to head off pain before it starts has won FDA approval, the first for a new class of preventive drug candidates for the condition. The Amgen (NASDAQ: AMGN ) drug, erenumab (Aimovig), is a subcutaneous injection given once a month. The drug blocks the receptor for calcitonin gene-related peptide (CGRP), a protein released by neurons that is thought to play a role in the start of migraine pain.
L.A. Business Journal
MAY 17, 2018
Hulu inks deal with Vice; CUJO AI lands Series B; Los Angeles to receive Verizon 5G before 2019.
socalTECH
MAY 18, 2018
Santa Monica-based scooter rental service Bird is in the midst of a back and forth with the city of Scottsdale, Arizona, after being hit by a cease-and-desist letter from the city last week, the day after the company launched its efforts in Arizona. Bird--which is backed by Valor Equity Partners, Index Ventures, Craft Ventures, Goldcrest Capital, plus Tusk Ventures and Upfront Ventures--is one of a number of electric scooter service which have been taking an Uber-like approach to launching their
Xconomy
MAY 16, 2018
For some migraine sufferers, bright lights or loud sounds are enough to touch off an attack. For others, stress sparks the onset of pain. Bright lights, loud sounds, stress: Migraine triggers vary from one patient to another. But a common element is the abundance of a pain-inducing protein in the blood. During a migraine attack, nerves release this protein, called calcitonin gene-related peptide (CGRP).
L.A. Business Journal
MAY 15, 2018
Atom Tickets inks deal with Landmark Theatres; Ride Share companies waive arbitration for sexual misconduct cases; Tinder gets settlement from Tantan.
socalTECH
MAY 14, 2018
Los Angeles-based CalibreScientific , a provider life science reagents, tools, instruments, and other products, said today that it has acquired German company BIOZOL Diagnostica. Financial details of the acquisition were not announced. BIOZOL Diagnostica is headquartered near Munich, Germany, and is an independent distributors of life science products, including antibodies, proteins, ELISAs, detection kits, biochemicals, reagents and diagnostics kits.
SoCal Tech Calendar
MAY 17, 2018
Wednesday, May 23, 2018 -- The IT Summit Los Angeles. The IT Summit is the executive technology conference series returning to Los Angeles for our twelfth annual event on Wednesday, May 23rd, 2018. The purpose of the summit is to provide educational and networking resources for the IT leaders in Southern California. The conference is driven by an Executive Board of regional IT professionals that directs the content of the conference.
Xconomy
MAY 15, 2018
With the Bio-IT World Conference opening today in Boston, San Diego-based Illumina (NASDAQ: [[ticker:ILMN) said it has acquired Edico Genome, a five-year-old startup with technology to accelerate the readout of next-generation sequencing data. Illumina withheld terms of the deal in a statement released this morning. But an Illumina spokeswoman later confirmed that Illumina got Edico for $100 million, close to three times the estimated $32 million that Edico raised in venture funding from Qualco
L.A. Business Journal
MAY 14, 2018
U.S. Supreme Court legalizes sports betting; Snap Inc. officially tweaks App; Facebook suspends 200 Apps.
socalTECH
MAY 17, 2018
Culver City-based DataScience.com , a developer of data science software led by serial entrepreneur Ian Swanson, has been acquired by Oracle , the companies said on Wednesday. Financial details of the acquisition were not announced. Oracle said it will add DataScience.com's platform to its Oracle Cloud, to allow its customers to "fully utilize" machine learning.
SoCal Tech Calendar
MAY 14, 2018
Sunday, May 20, 2018 -- Display Week 2018. The 54th SID International Symposium, Seminar and Exhibition, or Display Week 2018, will take place May 20-25 at the Los Angeles Convention Center in Los Angeles, Calif. Display Week is the premier gathering of system integrators, designers, consumers, scientists, engineers and manufacturers in the field of electronic information displays.
Xconomy
MAY 18, 2018
We can all agree that 2017 was a brutal year for cybersecurity. Verizon’s Data Breach Investigation Report identified passwords as the root cause of more than 81 percent of breaches in 2016 – an 18 percent increase from the previous year. And, it’s a safe guess that this year, the percentage will grow. At last year’s Blackhat Cybersecurity conference, Alex Stamos, the chief security officer of Facebook, reported that passwords are one of the biggest security challenges Facebook faces.
socalTECH
MAY 17, 2018
El Segundo-based CUJO AI , a startup developing artificial intelligence software for detecting security attacks on consumer networking infrastructure, has raised a Series B funding round, the company said this morning. Size of the new round was not announced. According to CUJO AI, the funding was led by Charter Communications, and will go towards further development of its technology.
socalTECH
MAY 16, 2018
Santa Ana-based Iteris , which develops technology for the transportation and agriculture industries, said on Wednesday that it has named Laura Siegal to its board of directors. Siegal is the Chief Financial Officer of Natel Engineering Company (dba NEO Technology Solutions). Siegal also has served at Kratos Defense & Security Solutions. READ MORE>>.
socalTECH
MAY 16, 2018
San Juan Capistrano-based OspreyData , a developer of data analytics software used for the oil and gas business, says it has raised $5M in a series A funding round. The funding was led by Houston Ventures. Osprey Data uses machine learning and artificial intelligence technology to help optimize oil and gas production, monitor oil well status, and more.
socalTECH
MAY 16, 2018
San Diego-based life sciences equipment maker Illumina says it has acquired Edico Genome , a developer of data analysis technology for next-generation sequencing (NGS). Financial details of the buy were not disclosed. Edico Genome uses both software and field programmable gate array (FPGA) technology to accelerate data analysis of genomic data. Illumina said it will incorporate Edico Genome's lead product, DRAGEN, into its own tools.
socalTECH
MAY 15, 2018
Metawave Corporation , a developer of automotive radar technology with has an office in Carlsbad, has raised $10M in a funding round, the company announced on Tuesday morning. The funding was led by DENSO, and also included Toyota AI Ventures, Hyundai Motor Company and Asahi Glass plus existing investors Motus Ventures, Khosla Ventures, Autotech Ventures, Bold Capital, SAIC Capital, Western Technology Investment (WTI), and Alrai Capital.
socalTECH
MAY 14, 2018
Pasadena-based OEWaves , which develops microwave photonic products use in the radar, communications, and test and measurement systems for military and commercial markets, said over the weekend that it has named Skip Williams as its new CEO. Williams was most recently at the Space and Naval Warfare Systems Command (SPAWAR), within the United States Navy, working on SPAWAR's small satellites.
socalTECH
MAY 14, 2018
The California NanoSystems Institute (CNSI) at UCLA and scientific equipment developer Leica Microsystems said on Friday that the two have linked together with a new "center of excellence in microscopy". According to the two, the new center will be called the Leica Microsystems Center of Excellence (CoE), and will help educate the next generation of scientists and engineers and drive new scientific discoveries.
socalTECH
MAY 14, 2018
Hawhorne-based SpaceX , the rocket and spacecraft developer led by technology mogul Elon Musk, successfully launched and landed a brand new rocket design on Friday, while successfully delivering a satellite into orbit for Bangladesh. SpaceX put its new Falcon 9 Block 5 rocket into space from Cape Canaveral at 4:14 p.m. EDT, successfully deploying the Bangabandhu Satellite-1 into space for Bangladesh.
socalTECH
MAY 18, 2018
Santa Monica-based videogame publisher Activision announced on Thursday afternoon that it will release its latest game in its popular Call of Duty games, the new Call of Duty: Black Ops 4 , on October 12th. The new game was developed by game studio Treyarch. Activision says that its Call of Duty games have over 200 million players, who have racked up a total of more than 15 billion hours of gameplay.
socalTECH
MAY 18, 2018
A major, security leak by a Southern California company, which revealed the location of every single mobile phone customer in the United States to within a couple of hundred feet, was exposed on Thursday --raising questions to how cell phone users data is being used and sold by mobile carriers. A Carlsbad company, LocationSmart , was revealed to have been uniwttingly sharing the real-time location of mobile phone carriers via a bug in its web site, without the need for a password or any other fo
socalTECH
MAY 18, 2018
Hawthorne-based SpaceX is planning to launch another rocket from Vandenberg Air Force Base on Tuesday, as part of a continuing series of launches for satellite operator Iridium. SpaceX is slated to launch five Iridium satellites, plus two satellites for NASA and a German research partner with the launch, which is currently targeted for May 22nd at 12:47:58 p.m.
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