Sat.Sep 29, 2018 - Fri.Oct 05, 2018

Google Expands in Silicon Beach

L.A. Business Journal

Alphabet Inc.-subsidiary subsidiary Google moved into the Spruce Goose hangar in Playa Vista Oct. 3, two years after it began leasing the space

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ZipRecruiter Raises $156M More For Job Matching Service

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Los Angeles-based ZipRecruiter , the online jobs site led by Ian Siegel, has raised $156M in a Series B funding round, the company said on Thursday morning. The funding was led by Wellington Management Company, and also included IVP and other, un-named investors. A number of reports say the funding puts the company into "unicorn" territory, with a valuation of more than $1 billion.

Focal Therapeutics Acquired For $125M

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Aliso Viejo-based Focal Therapeutics , a developer of implantable medical devices used by surgeons in lumpectomy procedures, which is backed by Orange County-based Okapi Ventures, along with Emergent Capital Partners, has been acquired by Hologic , in a deal worth $125M in cash. Hologic is based in Marlborough, Mass. According to Hologic, the deal will help strengthen its position in the market for break conserving surgery.

Will your company’s sale be celebration or silence?

Berkonomics

First, there are at least three types of exits. I’ve been involved with well over twenty successful exits and four initial public offerings over the years, some of them with monstrous gains, some more modest.

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Activision Blizzard Names New President; Leadership Team Members

L.A. Business Journal

Santa Monica-based Activision Blizzard Inc. named J. Allen Brack its new president of Blizzard Entertainment Oct. 4, alongside two new promotions to the executive leadership team

FundingPost Orange County VCs, Angels, Crypto and ICOs Event

SoCal Tech Calendar

Thursday, October 11, 2018 -- FundingPost Orange County VCs, Angels, Crypto and ICOs Event. At our next Orange County FundingPost event at the Eureka Building in Irvine, the panel of investors will focus on Early-Stage Venture Investing (VCs and Angel investors), and a fireside chat about ICO basics: How to meet investors, pitch them, and what it really takes to get them to write you a check! ICOs raised a global record 6.7 billion dollars in 2018 alone according to ICOdata.com.

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Nobel Medicine Prize Honors Cancer Immunotherapy Pioneers Allison, Honjo

Xconomy

[ Updated, 11:45 am ET, with comments from press conference ] Harnessing the immune system to fight cancer has transformed the treatment of many cancers, and the lives of countless cancer patients who have seen their disease go into remission.

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Jam City Encouraging Midterm Voting With Mobile PSA

L.A. Business Journal

Culver City-based mobile game developer Jam City Inc. announced Oct. 3 it will partner with nonprofit voter registration organization When We All Vote to produce public service announcements encouraging its users to vote

nVerge 2018

SoCal Tech Calendar

Thursday, October 11, 2018 -- nVerge 2018 is a one-day technology conference focusing on uncovering maximum value from current business technology, sharing new trends and discussing future possibilities for solutions ranging from ERP, CRM, business intelligence, collaboration, and productivity. Key areas of exploration include solutions from Microsoft, Oracle NetSuite, and Salesforce, with additional emphasis on the related technology ecosystems. See [link] (more

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Ice Energy Extends Energy Storage Product To Homeowners, Homebuilders

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Costa Mesa-based Ice Energy , which develops an energy storage system used for saving energy used for air conditioning, has launched a new product specifically aimed at homeowners and builders. According to Ice Energy, it has rolled out a new product called Ice Cub , a hybrid air conditioning and energy storage system specifically for California homeowners and homebuilders.

VelosBio Emerges with $58M in Funding to Steer Cancer Drugs to Clinic

Xconomy

VelosBio, a biotech startup researching new cancer drugs, has raised $58 million in financing. The new VelosBio cash, a Series A round of financing, was led by Arix Bioscience (LSE: ARIX ) and Sofinnova Ventures. VelosBio joined Johnson & Johnson’s JLABS @ San Diego incubator in January.

Silicon Beach Report Oct. 3: Google Expands in Playa Vista

L.A. Business Journal

Google comes to Playa Vista; Uber launches Santa Monica Scooters; Jam City links with voting nonprofit

The Emergence of Cyber-Physical, and What it Means to Safety and Security

SoCal Tech Calendar

Wednesday, October 10, 2018 --.

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Semtech Expands IoT Efforts In China With Alibaba

socalTECH

Camarillo-based Semtech said today that it has inked a deal with Chinese internet giant Alibaba , as part of an effort to expand use of its LoRa wireless technology in China. According to Semtech, it has extended an Internet of Things (IoT) collaboration effort with the Alibaba Cloud, to help tackle use cases such as logistics tracking, air quality, food safety compliance, and smoke detecting safety. Financial details of the collaboration were not announced.

Genomatica Grabs $90M to Boost Sustainable Chemical Business

Xconomy

Bioengineering pioneer Genomatica has raised $90 million in private funding to accelerate the commercialization of two chemicals it has developed from renewable sources—chemicals that are being used today in plastics, cosmetics, and personal care.

Silicon Beach Report Oct. 2: New Hyperloop Pod Revealed

L.A. Business Journal

Hyperloop Transportation Technologies shows off new tech; Appetize and Tropical Smoothie Cafe partner; Recargo acquired by Innogy

FundingPost Los Angeles VCs, Angels, Crypto and ICOs Event

SoCal Tech Calendar

Tuesday, October 9, 2018 -- FundingPost Los Angeles VCs, Angels, Crypto and ICOs Event. At our next event the panel of investors will focus on Early-Stage Venture Investing (VCs and Angel investors), and a fireside chat about ICO basics: How to meet investors, pitch them, and what it really takes to get them to write you a check! ICOs raised a global record 6.7 billion dollars in 2018 alone according to ICOdata.com. That's HUGE, but what exactly does that mean? Can anyone do an ICO?

ID Analytics Names New CEO

socalTECH

San Diego-based ID Analytics has named a new CEO, saying on Wednesday that it has named Ajay Nigam to the position. Nigam had been Senior Vice President of Product and Technology at ID Analytics since May of 2017, when he joined the company. According to ID Analytics, Nigam will report to Symantec SVP for Information Protection Nico Popp. ID Analytics became part of Symantec, when Symantec acquired Lifelock in 2016.

10 San Diego Startups to Compete at Region’s Top Pitch Competition

Xconomy

Ten tech startups will vie to impress a panel of six judges and hundreds of attendees at San Diego’s biggest pitch contest later this month. Three of the 10 slated to pitch at the Oct. 24 event will get a cut of $75,000 to advance their businesses.

Silicon Beach Report Oct. 5: AeroVironment Lands $13 Million Contract

L.A. Business Journal

Air Force grants AeroVironment $13 million; Snap survival strategy leaked; Treyarch prepares for new game launch

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Tyffon Raises $2.17M, Sets Up Location In LA

socalTECH

Santa Monica-babsed Tyffon , a developer of immersive entertainment technology started in Japan, said this morning that it has raised $2.17M in a funding round, to set up its first location in Los Angeles. The company--which was part of the Disney Accelerator powered by Techstars--said the funding came from SEGA SAMMY Holdings, Mizuho Capital, Tokyu Recreation, Canal Ventures, plus others. The company says it has now raised $4M in total.

Goodbye, Geocities: Final Sunset As Japanese Site Closes

socalTECH

Geocities , the original Southern California internet startup--which was founded all the way back in 1994 in Los Angeles--will finally disappear completely from the Internet, as Yahoo said today that it will shut down its Japanese Geocities site. Geocities--which hasn't been available in the United States for nearly 10 years --apparently had been popular enough in Japan that the site had continue to run for long after its sunset in the United States.

Appetize Selected By Tropical Smoothie Cafe

socalTECH

Playa Vista-based Appetize , which develops modern point-of-sale (POS) software and terminals based on tablets, has signed a deal with fast casual restaurant chain Tropical Smoothie Cafe. According to Appetize, it will offer up its cloud-based POS, self-serve, and mobile software to Tropical Smoothie Cafe, which is a franchise that just passed up its 700th store. Financial details of the win were not announced.

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HyperX Releases New Gaming Earbuds

socalTECH

Fountain Valley-based gaming products manufacturer HyperX , which is part of Kingston Technology, said today that it has released a new set of "gaming headphones" specifically for the Nintendo Switch. The new HyperX Cloud Earbuds are specifically geared towards mobile gamers, according to the company, with soft silicone ear tips. The earbuds also feature a microphone, and will have a MSRP of $49.99. READ MORE>>. hyperx gaming earbuds headphones

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Newegg Launches Gaming Promotion Month

socalTECH

Los Angeles-based technology e-commerce retailer Newegg says it has kicked off its annual "Gametober" month, where it will offer up deals on gaming gear sought after by its customers. Newegg said it will offer up great deals on components and storage products, VR-ready products, and e-sports gear all month. The promotion is just one of many that Newegg runs during the year to help it spur game sales outside of the holiday season. READ MORE>>. newegg games gaming ecommerce sales hardware softwar

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Elon Musk, Tesla Settle With SEC

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Elon Musk , the technology mogul who runs both Los Angeles-based SpaceX , as well as electric car and solar power manufacturer Tesla , has agreed to settle the securities fraud charge brought against him by the SEC last week. Tesla has also settled with the SEC over charges that the firm failed to have the requires disclosure controls and procedures around Elon Musk's tweets.

Bonfire Backed Kittyhawk Finds New Funding

socalTECH

Kittyhawk , a drone software developer backed by Santa Monica-based Bonfire Ventures, has scored new funding from insurance company Travelers, the company said today. The startup, based in San Francisco, says it has now raised $9.5M in total from such investors as Travelers, Bonfire Ventures, Boeing HorizonX Ventures, Freestyle Ventures and The Flying Object.

Jam City Launches Voter Registration Outreach Effort

socalTECH

Los Angeles-based mobile entertainment and gaming developer Jam City said today that it is getting behind an effort to encourage its users to register to vote in the upcoming U.S. midterm elections, through a joint effort with nonpartisan, not-for-profit organization When We All Vote. According to Jam City, players of its popular games Cookie Jam, Cookie Jam Blast, Panda Pop, and Genies & Gems will be encouraged to register to vote ahead of the November 6th midterm elections.

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Uber Launches Scooter Service In Santa Monica

socalTECH

Uber is joining the rush into the electric scooter market today, and has launched its JUMP scooter service in Santa Monica , letting its Uber users reserve its scooters for a ride across town. Uber--like Bird, Lime, and Lyft--is offering up its scooters for $1 to unlock and 15 cents per minute, although riders can ride the scooters for free until October 7th. The launch in Santa Monica is the very first from Uber into the on-demand scooter market.

Recargo Acquired By Innogy

socalTECH

El Segundo-based Recargo , the operator of PlugShare , an electric vehicle charging application, has been acquired by German energy giant innogy , via its US subsidiary, innogy eMobility US LLC. Financial terms of the acquisition were not announced. Recargo's PlugShare provides information on charging stations, including reviews, photos, and other information, all for EV drivers.