Sat.Jan 12, 2019 - Fri.Jan 18, 2019

Consolidation is coming to gaming, and Jam City raises $145 million to capitalize on it

TechCrunch LA

A slew of banks are coming together to back a new roll-up strategy for the Los Angeles-based mobile gaming studio, Jam City and giving the company $145 million in new funding to carry that out.

AlwaysAI Adds $4M to Bring Deep Learning to Embedded ‘Edge’ Devices

Xconomy

Many of our devices, from wearables to medical instruments to drones, can capture reams of images. Using algorithms to analyze those images on the devices, in turn, generally takes loads of computing power and energy—sometimes more than is feasible.

Google's Machine Learning Tools Used To Identify LA Potholes

socalTECH

Machine learning and artificial intelligence are two of the biggest buzzwords in technology today--but how are they being used to help you in everyday life? Google said on Wednesday that a team at Loyola Marymount University is using its open source, machine learning tool--TensorFlow--as part of a project to help identify potholes and cracks in Los Angeles, in an attempt to perhaps improve the flow of traffic through the city.

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What would you do if told to “fail fast?”

Berkonomics

Here’s a question that should strike close to home. Professional investors like to quote this mantra to anyone who will listen. Fail fast,” they say. But what if you believe so strongly in your budding enterprise that this seems to be the most ill-advised directive you’ve ever heard?

More investors are betting on virtual influencers like Lil Miquela

TechCrunch LA

Brud , the company behind the virtual celebrity Lil Miquela , is now worth at least $125 million thanks to a new round of financing the company is currently closing.

Merck And The Future of Immuno-Oncology: A Chat With Roger Perlmutter

Xconomy

Cancer immunotherapy is, in a word, tantalizing. It might save the life of someone at death’s door and keep the cancer at bay for years. Or it might not work at all. There’s no telling what a patient will experience.

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What would you do if told to “fail fast?”

Berkonomics

Here’s a question that should strike close to home. Professional investors like to quote this mantra to anyone who will listen. Fail fast,” they say. But what if you believe so strongly in your budding enterprise that this seems to be the most ill-advised directive you’ve ever heard?

Dreaming of Mars, the startup Relativity Space gets its first launch site on Earth

TechCrunch LA

3D-printing the first rocket on Mars. That’s the goal Tim Ellis and Jordan Noone set for themselves when they founded Los Angeles-based Relativity Space in 2015.

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Teradata Names Oliver Ratzesberger as New CEO

Xconomy

Teradata on Monday announced that Oliver Ratzesberger, its chief operating officer, has been tapped as president and CEO Victor Lund’s successor.

Iteris Partners With Cisco On Traffic Cameras, Smart City Effort

socalTECH

Santa Ana-based Iteris , which develops data analytics software used for the transportation and agriculture industries, has entered into a strategic partnership with Cisco , the two announced this morning. The companies said that Iteris will promote Cisco's "Connected Roadway" products, aimed at the pedestrian safety and connected vehicle applications. Financial details of that strategic relationship were not announced.

Tech Coast Angels-LA Screening Day

SoCal Tech Calendar

Friday, January 18, 2019 -- Tech Coast Angels-LA Screening. Members and invited guests only. See [link] (more

Backing Culture Genesis, T.I. launches TechCypha, an investment syndicate for tech deals

TechCrunch LA

With an inaugural investment into the Los Angeles-based entertainment startup Culture Genesis , Clifford Harris Jr., who’s better known as “T.I.”, ”, has launched a new syndicated investment vehicle called Tech Cypha. Launched by the music and cultural impresario with more hustle than hustle and his business partner Jason Geder, the new collaborative investment strategy focused on tech startups will allow high net worth individuals to participate in deals.

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6 Services from Telecom Infrastructure Companies in SoCal that Help Carriers Scale

Southern California Edison Blog

The telecommunications industry is under increasing pressure as customers demand high speeds and data transport, as well as implementing big data initiatives for their businesses.

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IDrive Takes On Remote Help Desk Services

socalTECH

Los Angeles-based IDrive Online Backup , which provides cloud backup and storage services, has launched a new, remote help desk service, which it is offering up to MSPs and IT specialists. According to IDrive its new remote access solution, RemotePC HelpDesk, provides on-demate remote support, letting IT administrators manage and monitor all service requests and manage their technicians from a single dashboard. According to IDrive, the cost of the new product starts at $49.50

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CTO Mixer Cruise: Brian Sletten will speak about Web Assembly

SoCal Tech Calendar

Tuesday, January 22, 2019 -- CTO Mixer Cruise: Brian Sletten will speak about Web Assembly. On Tuesday, January 22nd @ 6pm, CTO Mixers will set sail with Brian Sletten who will be giving a presentation on Web Assembly, preceded by a brief talk by Joe Devon called Accessibility IS Innovation. See [link] (more

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Pensa, AI-Enabled Drones Maker for Inventory Monitoring, Raises $5M

Xconomy

Austin —The grocery store shelf has yet to be plugged into the increasingly digital food supply chain. Instead, inventory is typically tallied by employees by hand in a slow and laborious process. “It’s It’s one big black hole with groceries, not knowing what is exactly on the retail shelf and available for sale,” says Richard Schwartz, president and CEO of Pensa Systems in Austin. Something like one out of eight or 10 items is typically not in stock.”

Interview With Caradoc Ehrenhalt, EV Safe Charge

socalTECH

In a world where more and more drivers are moving to electric vehicles, where is EV charging today? To better understand exactly where EV technology is today, we caught up with Caradoc Ehrenhalt , the CEO and founder of a Los Angeles startup, EV Safe Charge (www.evsafecharge.com), to chat a bit about his view of where EV charging technology today. EV Safe Charge rents out EV chargers for events, in addition to having its own business installing charging stations. What is EV Safe Charge?

Relativity Inks Deal For Canaveral Launch Site

socalTECH

Los Angeles-based Relativity , a space launch startup which is developing automation technology designed to automate construction of rockets, said on Thursday that it has signed a deal for a launch site at Cape Canaveral. According to Relativity, the company gains own rocket launch facilities at Launch Complex 16 (C-16), based at Cape Canaveral Air Force Station. Relativity is venture backed by Playground Global, Y Combinator, Social Capital, Phillip Spector, and Mark Cuban.

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Heal Names Qualcomm's Paul Jacobs As Chairman, Adds Jeb Bush To Board

socalTECH

Los Angeles-based, on-demand doctor house call service Heal has named former Qualcomm Chairman and CEO Dr. Paul E. Jacobs as its Chairman, and named former Florida Governor Jeb Bush to its board of directors, the company said on Wednesday. The startup lets clients schedule in-home visits by doctors for both routine visits and other checkups. Jacobs is currently founder and CEO of XCOM, a mobile technology company, and had been CEO and Chairman of Qualcomm.

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HyperX Taps Celebrity Power For New Ad Campaign Tied To NBA Finals

socalTECH

Fountain Valley-based HyperX , the videogame accessory maker which is part of Kingston Technology, has launched a new ad campaign, which taps the celebrity power of Post Malone, Gordon Hayward, Joel Embiid, JuJu Smith-Schuster, Pokimane, Shroud, Daigo, De'Aaron Fox and Rush. The company--which has had celebrity endorsement deals with all of those celebrity influencers--said its new "We're All Gamers" ad campaign is part of its presenting sponsorship of NBA Saturday Primetime on ABC.

j2 Global Adds Two Companies In Q4

socalTECH

Los Angeles-based Internet services and publishing giant j2 Global has acquired two companies, saying this morning that it acquired Ekahau , a company in the digital media space, and Castle Connolly , a company in the digital media and healthcare industry. Financial details of the two acquisition were not announced, although the company said the financial impact of those acquisition is not expected to be material to the publicly held company.

Wiliot Finds $30M More From Amazon Web Services, Others

socalTECH

Wiliot , an Israel- and San Diego-based RFID technology developer, has received $30M more in a funding round, the company said on Monday. The funding, a Series B, came from Amazon Web Services, Samsung Venture Investment Corp., and Avery Dennison Corp. Wiliot is developing disposable, RFID tags which do not require batteries, and are aimed at use in the tracking of consumer products during the manufacturing process. The company's tags are aimed at use in such products as clothing.

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CareerArc, Led By Longtime Technology Vet, Connects With $30M

socalTECH

Los Angeles-based human resources (HR) technology developer CareerArc --part of an ever growing number of Los Angeles area enterprise software companies--said this morning that it has raised $30M in a growth equity funding. According to CareerArc, the new round was led by PeakEquity Partners. CareerArc says its developing HR software that specifically address two parts of the hiring software market--hiring new talent and transitioning employees out of the organization.

Bird Backs Off On Legal Threats Against Journalist, Apologizes

socalTECH

Santa Monica-based on-demand scooter rental startup Bird has backed off on legal threats against a local, LA journalist, Cory Doctorow, after widespread outroar over what was perceived as a censorship threat , saying that the company's legal team "overreached" in issuing a takedown letter.

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Renovis Surgical Acquired By KYOCERA

socalTECH

Redlands-based Renovis Surgical , a manufacturer of orthopedic and spinal medical devices, has been acquired by Japanese company Kyocera Corporation , Kyocera said very late Tuesday evening. Financial terms of the acquisition were not announced. According to Kyocera, it agreed to purchase the major assets of Renovis, relating to its artificial joint and spinal products. Renovis, which was founded in 2009, will become Kyocera Medical Technologies. Kyocera said it plans to expand its U.S.

Western Digital Aims At Gamers With Upgraded SSD

socalTECH

Western Digital , the disk drive and memory manufacturer which has major operations in Irvine, has rolled out a new solid state disk drive (SSD) aimed specifically at the PC gaming market. According to WD, it has launched the new WD Black SN750 NVMe SSD, which provides up to 2TB of capacity or desktop gaming systems. The SSD is in the M.2

PetDesk Finds $12M For Veterinary Software

socalTECH

San Diego-based PetDesk , a developer of software used by veterinarians, announced Friday morning that it has raised $12M in a Series B funding round. The funding came from PeakSpan Capital. PetDesk develops online software used to manage veterinary practices. According to PetDesk, the new funding will help the company in an expansion push into the pet grooming industry. The company's software handles appointments, reminders, confirmations, health records, and other health data tracking for pets.

EDF Renewables North America Buys Wind Project In Nebraska

socalTECH

San Diego-based renewable energy developer EDF Renewables North America said Thursday that it has acquired another wind project, this time in the state of Nebraska. According to EDF Renewables, it purchased 100 percent of the interest in the 300 megawatt (MW) Milligan 1 Wind Project, which is expected to go into operation in 2020. The company purchased the wind development from a partnership owned by Aksamit Resource Management, LLC and York Capital Management.

CoreLogic: 2018 Again Above Average For Catastrophes

socalTECH

Irvine-based property information provider CoreLogic said this morning that 2018 was indeed another, above-average year for catastrophic events, the third consecutive year of above-average catastrophe activity. The company--which tracks those events for insurers--issued a Natural Hazard Report detailing its analysis. The company said its report addresses the recent wildfires in California and severe rainfall- and hurricane-induced flooding throughout the nation. READ MORE>>.

PatientSafe Solutions Names Chief Clinical Officer

socalTECH

San Diego-based PatientSafe Solutions , a developer of communications and collaboration software for the healthcare industry, annoucned this morning that it has named Kathleen Harmon, MS, RN, CENP as Chief Clinical Officer. Harmon was most recently Chief Nurse Executive at Sphere3, and also had served at Burwood Group. PatientSafe is backed by HighBar Partners, Merck Global Health Innovation Fund, Camden Partners, Psilos Group, and TPG. READ MORE>>.