Sat.Jun 22, 2019 - Fri.Jun 28, 2019

Acutus, Maker of Next-Gen Electrophysiology Tech, Adds $100M Series D

Xconomy

A company that makes a mapping system to help doctors see high-resolution, 3D images of irregular heart rhythms in real time has raised $100 million in venture investment and a $70 million credit facility to fund its full-scale market launch.

Songtrust adds another 55,000 artists to its rights management service

TechCrunch LA

Over the past year, Songtrust has added another 55,000 artists and songwriters to its rights management service.

Video Interview: Nasam Chokr, NOWA Innovations, On Improving Asthma Inhalers

socalTECH

NOWA Innovations (www.nowainnovations.com), a University of California, Irvine spinout, is designing a medical device aimed at improving asthma inhalers. For our video interview today, we spoke with Nasam Chokr, the founder and CEO of NOWA Innovations, about the startup and its technology.

Do you take those loyal, key customers for granted?

Berkonomics

We know that an executive’s job is not easy. Nor is there much time in a typical day for outreach of any kind.

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Insight Acquires PCM for $581M in Cash and Debt

L.A. Business Journal

El Segundo-based information technology services firm PCM Inc. will be acquired by Tempe, Ariz.-based based Insight Enterprises Inc. in a deal worth roughly $581 million

Review: Inside the House of Lies at Theranos

Xconomy

Youth. Charm. Fearlessness. Ruthless focus. These can be positive attributes in an entrepreneur, but in a more rational world, technology investors wouldn’t overvalue them. Risk capital would be allocated based mostly on evidence, data, progress towards milestones—in short, on proof.

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Chief Financial Officer and Human Resources Professionals Awards

SoCal Tech Calendar

Sunday, June 30, 2019 --.

Riot Games Responds to DFEH Investigation

L.A. Business Journal

West Los Angeles-based game developer Riot Games Inc. responded today to a June 12 announcement from the California Department of Fair Employment and Housing that it was opening an investigation into the company's management practices

Connected Classroom Technology and Essentials for K-12 School Districts

Southern California Edison Blog

Connected classrooms are part of a rapid trend to leverage technology to bring learning into a more national and global sphere.

CapLinked Launches Blockchain Auditing Product, TransitNet

socalTECH

Los Angeles-based software developer CapLinked , which is led by Eric M. Jackson, has launched a new product for helping companies in the blockchain and cryptocurrency area. According to CapLinked, the new product, TransitNet is a new software product to manage title verification, financial reporting, and corporate governance for blockchain-based securities and digital assets.

AbbVie to Pay $63B for Allergan to Prepare for Life Without Humira

Xconomy

Pharmaceutical giant AbbVie this morning agreed to acquire Allergan in a $63 billion deal meant to provide the pharmaceutical giant with enough revenue to brace for the loss of patent protection for the world’s top-selling drug. AbbVie (NYSE: ABBV ) will pay $188.24

Silicon Beach Report June 28: SpaceX Raising $300 Million

L.A. Business Journal

PCM security breached; Marvel and Team Liquid partner; SpaceX starts third fundraising effort this year

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Faraday Future Lays Off Furloughed Employees

L.A. Business Journal

Gardena-based electric vehicle maker Faraday & Future Inc. fired several employees it had previously placed on unpaid leave in December, citing lack of funds to pay salaries

Silicon Beach Report June 27: Disney Launches Incubator; Faraday Future Fires Furloughed Workers; AEG Links with Lyft

L.A. Business Journal

Silicon Beach Report June 27: Disney Launches Incubator; Faraday Future Fires Furloughed Workers; AEG Links with Lyft

Podcast Network Wondery Raises $10 Million Round Led By Waverley Capital

L.A. Business Journal

Wondery, the podcast network that produced Los Angeles Times’ “Man in the Window” and “Dirty John,” will use Series B funds to acquire new and original content, invest in technology

Silicon Beach Report June 25: Falcon Heavy Launches 24 Payloads Successfully

L.A. Business Journal

Retina launches AI for ecommerce; Quibi plans more content; Falcon Heavy launch goes (mostly) as planned

Silicon Beach Report June 24: Insight Acquires PCM

L.A. Business Journal

SpaceX launches Falcon Heavy rocket; Virgin Hyperloop works with WashU in St. Louis; PCM acquired by Insight for $581 million

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Lovell Minnick Partners Backs oneZero Financial Systems

socalTECH

Private equity investor Lovell Minnick Partners , which has offices in Los Angeles, has made a "significant" investment in oneZero Financial Systems , the firm said on Tuesday morning. Financial details of the minority investment in oneZero Financial Systems were not announced. onZero provides software and technology to the foreign exchange (FX) trading industry. According to oneZero Financial, it delivers its technology as software as a service, run across three self-managed data centers.

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HG Insights Ties With LinkedIn

socalTECH

Santa Barbara-based HG Insights , which provides analytics around technology installs, IT spend, and contracts, says it has tied with LinkedIn with a new product, HG for LinkedIn. According to the company, it has integrated with LinkedIn's Matched Audiences API, which will help marketers target prospective customers and increase response rates with more relevant advertising on the LinkedIn platform. Pricing on the new product was not announced. READ MORE>>.

Virgin Hyperloop One In Design Link With St. Louis School

socalTECH

Los Angeles-based Virgin Hyperloop One , which is developing futuristic transportation technology, says it has linked up with the Sam Fox School of Design & Visual Arts at Washington University in St. Louis. According to Virgin Hyperloop One, the two will create a "Master of Architecture (MArch) studio" to map out the "social, political and physical context of the state" and to and explore "elegant hyperloop infrastructure proposals" for Missouri.

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Restaurant365 Finds $88M In Funding

socalTECH

Irvine-based Restaurant365 , a developer of cloud-based accounting software specifically aimed at the restaurant industry, has raised $88M in a Series C funding round, the company said this week. The funding was led by ICONIQ Capital, and also included Tiger Global Management and Bessemer Venture Partners. As part of the funding, ICONIQ Partner Will Griffith has joined the company's board of directors. Restaurant365 is led by co-founder and CEO Tony Smith.

Study: Tinder, Snapchat Users More Accepting Of Cosmetic Surgery

socalTECH

Users of social media applications such as Tinder and Snapchat are far more willing to consider cosmetic surgery--a side effect of the popularity of "filters" on those apps--according to a new report from the JAMA Facial Plastic Surgery journal. According to the study, there is an "increased consideration of cosmetic surgery" from users of social media platforms, and specifically those who had used specific applications, such as YouTube, Tinder, and Snapchat photograph filters.

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Hulu Crashes During Democratic Debate

socalTECH

In a black eye for Los Angeles-based online television streaming service Hulu , the service apparently crashed during the Democratic debates on Thursday night, going down for more than an hour. Apparently, the service got stuck showing commercials and put up error messages to users attempting to watch Hulu's live TV service to watch the debates, on NBC and other channels. Hulu has not issued any statements or explanations for the badly timed crash. READ MORE>>.

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Insights: How to Build Your Innovation Community

socalTECH

For our Insights and Opinions section today, where we share contributed articles from the Southern California technology community, we have Eric Eide , of the Alliance for SoCal Innovation , a nonprofit that recently has been working on trying to help support the local entrepreneurial community across the region. Eric was most recently on the Government Relations team at startup electric scooter rental company Bird.

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SpaceX Lands $314M More In Funding, Says Report

socalTECH

Hawthorne-based SpaceX has raised $314.2M in new funding, according to a report from CNBC Thursday, which said part, if not all, of that investment came from the Ontario Teachers' Pension Plan. According to CNBC, the funding came at $214 per share, and will bring the total raised by SpaceX in 2019 to $1.33 billion. Privately held SpaceX rarely announces investment details on its funding. Image: The COSMIC2 mission, one of the satellites launched into space earlier this week from a Falcon Heavy.

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Report: Major Cybersecurity Breach At El Segundo's PCM

socalTECH

According to a report, from Krebs On Security, El Segundo-based IT services provider PCM has seen a major breach , which allowed attackers to access multiple, client accounts hosted through PCM. According to the report, the intrusion--discovered in mid May of this year--gave attackers the administrative credentials to client accounts within Office 365. The report says it believes the information was being used to conduct gift card fraud at various retailers and financial institutions.

AEG Links With Lyft On Transportation Partnership

socalTECH

Los Angeles-based sports and entertainment venue giant AEG and ridesharing operator Lyft are in a national, transportation partnership, which will bring exclusive "Lyft Zones" at a number of AEG music properties, and also names Lyft its exclusive rideshare, bike, and scooter partner. Financial details of the partnership were not announced.

Long Beach To Gain New, 400MWh Energy Storage System

socalTECH

The City of Long Beach will be the site of a new, 400 megawatt-hour battery-based energy storage system , as part of Southern California Edison's (SCE) support of California's clean energy efforts, according to power plant operator AES Alamitos. The subsidiary of energy company AES Corporation said it has broken ground on the new, 400 megawatt-hour (Mwh) battery-based energy storage system, at part of a modernization project at the AES Alamitos Generating Station.

BlackLine Expands Partnership Efforts

socalTECH

Los Angeles-based accounting automation software developer BlackLine says it is in an effort to expand its links with its technology partners, and has extended integration with such partners as Dell Boomi, Host Analytics, OneCloud, Workato, and others. According to the company, it is looking to integrate "best-of-breed" financial application software providers, making it easier to connect their products to its financial controls and automation product.

AdQuick Names Former Awesomeness Exec As Chief Revenue Officer

socalTECH

Los Angeles-based AdQuick.com , which is developing software to help marketers and agencies measure the effectiveness of both out-of-home and digital out-of-home advertising, has named Max Polisar as the company's Chief Revenue Officer. Polisar was most recently Chief Revenue Officer at Awesomeness. AdQuick said Polisar also worked with "a number of venture backed companies" working on brand endorsements for social video creators, Augmented Reality (AR), and mobile marketing and data.