Sat.Mar 02, 2019 - Fri.Mar 08, 2019

Elon Musk says Tesla Model Y will be revealed at its LA design studio on March 14

TechCrunch LA

Tesla will pull back the curtains and unveil its Model Y crossover vehicle at an event in Los Angeles on March 14th, according to a tweet from chief executive Elon Musk. Model Y unveil event on March 14 at LA Design Studio. — Elon Musk (@elonmusk) March 3, 2019.

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Cleantech Open Receives Grant From Wells Fargo Innovation Incubator

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The Cleantech Open , the Los Angeles-based effort which is helping clean technology startups with acceleration, support resources, and more--run by the Los Angeles Cleantech Incubator (LACI)--is one of a number of organizations which have received part of a $1 million grant total from the Wells Fargo Foundation.

Apple Updates Plans, Now Expects to Create 1,200 Jobs in San Diego

Xconomy

About three months ago, Apple announced it planned to add 1,000 jobs in the San Diego region over the next three years. On Wednesday, the Cupertino, CA-based tech giant said it would increase that total by 200 jobs as part of a plan to make the city one of its principle engineering hubs. Apple (NASDAQ: AAPL ) has had a presence in San Diego for nearly 20 years.

Could you have created a “dirty cap table?”

Berkonomics

Oh, I know. When you started the business, you took investments from friends and family in small amounts just to get you started. Of course, that worked at the time. Enter the need for larger investments.

Invest 184

Venture investors and startup execs say they don’t need Elizabeth Warren to defend them from big tech

TechCrunch LA

Responding to Elizabeth Warren’s call to regulate and break up some of the nation’s largest technology companies, the venture capitalists that invest in technology companies are advising the presidential hopeful to move slowly and not break anything.

Happy Returns Launches Self Service Return Kiosk

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Santa Monica-based Happy Returns , which is backed by U.S. Venture Partners, Upfront Ventures, and Lowercase Capital, has expanded its suite of return solutions, with a new self-service kiosk. According to Happy Returns, it has launched a new, return kiosk branded specifically for a retailer, powered by software from the company, and where Happy Returns handles the reverse logistics.

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Retailers Turn to Analytics, 3D Tech to Promote Fit, Reduce Returns

Xconomy

One size fits most (at best), and a women’s sizing system created during the Depression doesn’t gibe in an e-commerce business that prizes personalization.

Loop Media Powers New Streaming Channel On XUMO

socalTECH

Burbank-based streaming media firm Loop Media says it has launched its first, OTT service, called The Preview Channel , on XUMO TV. According to LoopMedia, The Preview Channel is a 24-hour, ad-supported video-on-demand channel which will show new film trailers and video game previews, cast and director interviews and behind-the-scenes footage from major Hollywood films. Loop Media recently announced its "short-form" streaming startup, saying it raised $10M in funding.

ObEN Enables Personalized, AI Driven Medical Health Assistant

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Pasadena-based ObEN , which develops avatar technology and software, is powering a new, personalized, AI-driven medical health assistance app, the company said this week, being developed by the MedStar Health Research Institute. According to ObEN, MedStar is developing its medical health assistance app, PAI Care, to help monitor patients with heart failure.

HG Data Becomes HG Insights

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Santa Barbara-based HG Data , which has been developing software that helps companies understand the technology stack their operations depend on, has rebranded itself as HG Insights , and launched a new platform it calls the HG Insights Platform. According to the company, its platform is focused on "next generation technographics" to help drive sales, marketing, and strategy.

Preccelerator Takes Apps For Next Accelerator Class

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Santa Monica-based Preccelerator , the early-stage, startup accelerator associated with Stubbs Alderton & Markiles, LLP, says it has opened up applications for its next class. According to the startup accelerator, which is focused on technology and digital media, it is looking for applicants for its "Class 12", which will start on May 6th.

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TeleSign Names Co-Founder To CEO Post

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Los Angeles-based TeleSign , which develops customer identification products, including two factor authentication and other related products, has named co-founder Ryan Disraeli as its CEO, the company said on Thursday. Disraeli co-founded TeleSign with Stacy Stubblefield and Darren Berkovitz in 2005. TeleSign was acquired by BICS in 2017, and now has more than 300 employees.

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Erasca Raises $64M For Oncology Drug Development Using AI

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San Diego-based Erasca , a company which is using artificial intelligence to drive the discovery and development of new oncology drugs to help cure cancer, has raised $64M in a Series A funding, the company said this morning. The funding--which included both its Series A and an extension--came from ARCH Venture Partners, Andreessen Horowitz, Reneo Capital, and other private investors. According to the company, the new funding will to towards.

SpaceX Crew Dragon Set For Splashdown Early Friday Morning

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With the first launch of an astronaut-capable spacecraft by Los Angeles-based SpaceX , last weekend, was a success, SpaceX is now attempting to return its Crew Dragon spacecraft to earth this morning. According to NASA and SpaceX, at 2:32 a.m. EST, the Crew Dragon undocked from the International Space Station, and was set to splash down in the Atlantic Ocean around 8:45 a.m.

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ResMed Buys Korea's HB Healthcare

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Carlsbad-based ResMed , which develops patient monitoring and healthcare software for the sleep and respiratory care market, said late Thursday that it has acquired South Korean company HB Healthcare (HBH). According to ResMed, the deal will help millions of South Koreans living with sleep apnea, chronic obstructive pulmonary disease (COPD) and other respiratory conditions. Financial details of the acquisition were not announced.

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Oncternal Therapeutics Acquires GTx

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San Diego-based Oncternal Therapeutics , a privately held biotechnology companies focused on developing therapeutics candidates for cancer, and GTx said this morning that they are in a deal where Oncternals's stockholders will become the majority owners of GTx.

BlackLine Names Chief Accounting Officer

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Los Angeles-based accounting automation software developer BlackLine announced this morning that it has named Patrick Villanova to the position of Chief Accounting Officer. Villanova--who was previously Controller for BlackLine--will continue to oversee global accounting operations at the company. Villanova has been at BlackLine since 2015, and was head of BlackLine's global accounting through its IPO. He previously spent more than 16 years at PwC in the audit and accounting advisory area.

DivX Sues Netflix, Hulu Over Patents

socalTECH

DivX , the streaming video software developer which was started in San Diego, has filed patent infringement lawsuits against both Netflix and Hulu , accusing the firms of usings its video streaming intellectual property. DivX filed two different lawsuits on Tuesday in the California Central District Court. The two patent infringement lawsuits are DIVX, LLC v. Netflix (court case number 2:2019-cv-01602) and DIVX, LLC et al (court case number 2:2019-cv-01606).

IT Consultancy Opens San Diego Office

socalTECH

In another expansion by a company into San Diego, IT consulting provider Entisys360 said it has set up a new office in San Diego, specifically to expand its geographic reach. The Silicon Valley company says it provides consulting in the areas of end-user computing, software-defined infrastructure, DevOps and cloud, security and virtualization solutions.

Amplify LA Backs Investment Startup Alto

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Los Angeles-based startup accelerator Amplify LA is one of the backers of a new startup Alto , which is allowing investors to invest in nontraditional assets--such as startups, real estate, and more. Alto said on Wednesday that it had raised $2.8M in its seed funding round, which it received from such investors as Foundation Capital, Sequoia Capital's Scout Fund, Amplify.LA, First Check Fund, Green D Funds, and Jack Gibson, the co-founder of NerdWallet.

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Apple Plans To Hire 1200 In San Diego

socalTECH

Apple is planning to hire 1200 employees in San Diego, in a major expansion of the company's presence in the area. According to an announcement by Apple, made on Wednesday morning with San Diego Mayor Kevin Faulconer, it hopes to add those employees over the next 3 years. Apple had announced a plan to expand hiring in both San Diego, as well as Culver City, in November of 2018.

Report: Snap Paid Settlements To Three Female Employees Over Layoffs

socalTECH

Santa Monica-based Snap , the developer of Snapchat, has reportedly paid settlements to three women who were laid off last year, according to a report today. report said the settlements came after Snap apparently eliminated only women from a number of its teams in a layoff which the lawsuits said disproportionately targeted women. Details on those settlements and the lawsuits have not been detailed. Snap previously had been accused of having a "toxic" workplace for women. READ MORE>>.

Vertebrae Expands In Texas

socalTECH

Los Angeles-based 3D and augmented reality (AR) software developer Vertebrae announced this week that it has opened up a new office in Austin, Texas hiring two new executives in the location to help it with its next stage of growth and expansion. According to Vertebrae it has named Garrett Eastham as Chief Data Officer, and named Rob Weaver as Chief Revenue Officer. Eastham previously was at Bazaarvoice, and also was co-founder and CEO of Cmpare Metrics (Acquired by GroupBy).

Elon Musk's Boring Company Gains Recommendation For Las Vegas Loop

socalTECH

Los Angeles-based Boring Company , the Elon Musk startup which is developing underground transportation systems, gain the endorsement of the Las Vegas Convention and Visitors Authority (LVCVA), for a possilble two-mile loop around the Las Vegas Convention Center.

TenOneTen Ventures Adds Shift Co-Founder As Venture Partner

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Los Angeles-based venture investor TenOneTen Ventures , the venture firm co-founded by David Waxman and Gil Elbaz, has just added the co-founder of car marketplace Shift, Minnie Ingersoll, as a Venture Partner. Ingersoll was previously at Code for America, and prior to co-founding Shift, was at Google for more than 11 years.

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HyreCar Launches Mobile Application For Driver Verification

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Los Angeles-based car sharing marketplace HyreCar --which connects ridesharing drivers with vehicle fleet owners--has launched a new, mobile application aimed at helping it with driver onboarding and verification. According to HyreCar, the app, which runs on both Apple iOS and Android devices, was developedi n conjunction with identity verification provider Mitek. HyreCar said the app allows drivers to more easily verify their identity when digitally applying to rent a car.

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Good Culture Collects $8M For Cottage Cheese Brand

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Irvine-based Good Culture , an organic cottage cheese brand, said last week that it has raised $8M in a funding round, which included investments from General Mills (via its 301 Inc. arm) as well as Almanac Insights and CAVU Venture Partners. The startup, led by Jesse Merrill, manufactures organic cottage cheese, which it offers up in such flavors as "whole milk classic", "blueberry acai chia", "strawberry chia", and pineapple.

Saviynt Taps Microsoft Vet For Advisory Board

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Los Angeles-based Saviynt , a venture backed developer of cybersecurity software for the hybrid cloud, said on Tuesday that it has added Jim DuBois, the former CIO of Microsoft, to its board of advisors. DuBois was most recently Chief Information Officer (CIO) and Corporate Vice President (CVP) at Microsoft, a role he held between May 2013 to September 2017 under Microsoft CEO Satya Nadella. Saviynt said that DeBois had been at Microosft for over 24 years.

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Beyond Meat Rolls Out New Product, Beyond Beef

socalTECH

El Segundo-based Beyond Meat , the startup which is developing plant-based meat alternatives, says it has launched a brand new product called Beyond Beef. According to the company, the new product has the taste and texture of ground beef, but has 25 percent less saturated fat than beef, and also only uses plant-based ingredients. Beyond Meat's products are known for their "meaty" taste and texture of meat, and are made out of a blend of pea, mung bean, and rice proteins.

Reactful, 6sense In AI Technology Partnership

socalTECH

Santa Barbara-based Reactful , a developer of artificial intelligence and machine learning software for website personalization, and 6sense , a devleoper of "account based orchestration" software for marketers, said they are in a new technology partnership. Financial terms of the deal were not announced.