Sat.Oct 27, 2018 - Fri.Nov 02, 2018

LA Ranks Second in Tech Office Market Rent Growth

L.A. Business Journal

Los Angeles’ technology sector is growing, according to a recent study from real estate brokerage firm CBRE Group Inc

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Why not share your liquidity success with those who got you there?

Berkonomics

So, you are close to selling your company, and counting the profits a bit early. Well, that’s human nature. Here’s a thought for you to recall later when and if the event happens. Remember those who got you there.

Sales 624

FabFitFun surpasses $200 million in revenue as it hits million-subscriber milestone

TechCrunch LA

At least one million people will be receiving the next FabFitFun box as the Los Angeles company surpasses $200 million in revenue and continues its run as one of the startups to watch in the Los Angeles tech community. .

Sponsored Post: SVB's Second Tech Gives Back Event In LA!

socalTECH

Silicon Beach Report Nov. 11: SpaceX Shifts Gears on Satellite Testing

L.A. Business Journal

Seven exit SpaceX's satellite testing team; Hulu prioritizes non-English content; new Office of Child Protection website launches with AI

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Shift Happens: Digital Transformation and Business

SoCal Tech Calendar

Thursday, November 8, 2018 --.

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More Trending

LegalZoom Finds Funding From TCV, Adds New Board Member

socalTECH

Glendale-based LegalZoom , the online legal filing site which focuses on small businesses and families, has named David Yuan, a General Partner at Technology Crossover Ventures (TCV) to its board of directors. According to LegalZoom, the addition comes as part of an investment by TCV in LegalZoom. Details on TCV's investment were not announced.

DreamHost Receives $18M Loan from J.P. Morgan

L.A. Business Journal

Downtown LA-based DreamHost, a provider of web hosting and site management, announced Oct. 30 it completed an $18 million debt financing credit facility with J.P. Morgan Chase and Co

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LA Tech Mixer

SoCal Tech Calendar

Thursday, November 8, 2018 -- Schmoozd LA Tech and Startup Mixer. Come celebrate the end of 2018, and the culmination of Schmoozd's fascinating year, on Thursday, November 8th (6pm)! Grab a drink and network with 300 other members of the Schmoozd community. Check out 10 NEW startups showcase their latest launch. See [link] (more

Illumina Set to Acquire “Long-Read” DNA Sequencer PacBio for $1.2B

Xconomy

DNA sequencing giant Illumina is shoring up its position in genetic research through a cash deal to acquire Pacific Biosciences for approximately $1.2 billion.

LA Attorney, Now Cryptocurrency Mogul, Plans Blockchain Paradise In Nevada

socalTECH

In yet another story of a cryptocurrency millionaire looking to create their own, utopian society, former Los Angeles attorney Jeffrey Berns --who made his fortune on investing in the Ethereum cryptocurrency--has purchased a massive plot of land near Reno, and hopes to create his own utopian world of "houses, schools, commercial districts, and production studios", according to a profile in the New York Times.

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Silicon Beach Report Nov. 2: Former Snap Engineer Launches Data Service Company

L.A. Business Journal

Activision debuts game companion app; Snap’s Sehn launches data service startup; mapping LA’s tech neighborhoods

Caltech Entrepreneurs Forum - Venturing to Mars

SoCal Tech Calendar

Saturday, November 3, 2018 -- Caltech Entrepreneurs Forum - Venturing to Mars. Mars entrepreneurship has entered its lift off phase. The US Government is preparing for manned missions to Mars but private companies like SpaceX may well get there first. Elon Musk declared that SpaceX will put one million people on Mars. Entrepreneurial opportunities already have emerged in areas like Launch, Sensors, Instrumentation and Habitats.

Framework Benchmarks Round 17

TechEmpower

We're happy to announce that Round 17 of the TechEmpower Framework Benchmarks project is now available. Since the adoption of Continuous Benchmarking , the creation of an official Round is a fairly simple process: Try to reduce errors in framework implementations. We want an official Round to have a solid showing by as many frameworks as feasible given limited personnel bandwidth. Select a continuous run on the physical hardware (named "Citrine") that looks good and identify its Git commit.

Mitchell Merges With Genex Services

socalTECH

San Diego-based software developer Mitchell , which develops software and other technology for the insurance and collision repair industries, says it has merged with Genex Services , a provider of clinical solutions for the workers' compensation, auto, and disability markets. Financial details of that merger were not announced.

Silicon Beach Report Oct. 31: Subscription App Sales Soar

L.A. Business Journal

LA County weighs electronic voting options; Activision issues Overwatch League changes; Hulu grows revenue 86 percent

No Pipeline Problem: Backstage Capital’s Detroit Plans Spark Excitement

Xconomy

In September, Backstage Capital , a venture investment firm seeding early-stage startups led by women, people of color, and members of the LGBTQ community, launched a $36 million fund to help support black women founders. At the same time, managing partner Arlan Hamilton said the Los Angeles-based firm would run accelerators in four cities: London, Philadelphia, Los Angeles, and a fourth city that would be determined by a public vote.

DNAe Aims At Treating Antimicrobial Resistant Infections

socalTECH

Carlsbad-based DNAe says it has developed a new, diagnostic platform that uses semiconductor DMA to help in treating antimicrobial resistant infections. According to the company, it completed the first phase of a $51.9M million contract with the U.S. government to developing DNA sequencing technology to help physicians by providing rapid diagnosis of antimicrobial resistant infections and influenza. The U.S.

Semtech Adds Laird Connectivity To Partner Program

socalTECH

Camarillo-based semiconductor maker Semtech announed today that it has added Laird Connectivity, a developer of wireless modules and antennas, to its partner program, focused on its LoRa wireless technology. According to Semtech, the addition of Laird will help with the creation and deployment of LoRa-based IoT solutions, giving it access to experienced designers that understand its technology and wireless radio frequency technology.

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Sharp Display Company, Flying Eagle Systems Move To LA Arts District

socalTECH

Sharp Display Company , a unit of Sharp Eectronics Corporation which develops TFT-LCD products, plus Flying Eagle Sytsems , a new company created by Foxconn crated to "drive innovation in the display industry", announced today that they have set up shop in downtown Los Angeles. The companies said they have opened up a new, 13,000 square foot creative work space at ROW DTLA.

Imbellus Finds $23M For Skills Assessment Technology

socalTECH

Los Angeles-based Imbellus , which develops skills assessment software which it says helps organizations assess job seekers by how they think, rather than by what they know, has raised $14.5M in a Series A funding round. The funding was led by Owl Ventures, and also included prior investor Upfront Ventures and Thrive Capital, plus Rethink Education. The company says it has now raised a total of $23M.

Halozyme Inks $25M Licensing Deal With Roche

socalTECH

San Diego-based biotechnology developer Halozyme Therapeutics announced this morning that it has licensed some of its drug delivery technology to Roche , in a deal worth $25M upfront, and a potential to earn another $160M to $165M per target. According to Halozyme, the licensing deal covers its ENHANZE drug delivery technology, for use in a new undisclosed clinical stage therapeutic target, with an option to select two additional targets within four years. READ MORE>>.

IMT Acquired By Cerium Technology

socalTECH

Santa Barbara-based MEMs technology developer Innovative Micro Technology (IMT) said early this morning that it has received a majority equity financing from Cerium Technology. Size and terms of the majority equity investment were not announced. Cerium Technology is an investment firm focused on the Internet-of-Things (IoT) market. IMT said it will use the funding to accerate growth in the IoT sensing and communications markets.

Match Group Says Bumble Dropping $400M Lawsuit

socalTECH

Match Group , the parent company behind LA's Tiner mobile dating service, says that women's dating site Bumble is dropping its $400M lawsuit against the firm, which had alleged theft of trade secrets and fraud. The lawsuit, which had been filed in March of 2018 , was a countersuit to an earlier lawsuit against Bumble by Match Group.

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Former Snap Engineering VP Launches New Startup, Liquidata

socalTECH

Timothy Sehn , the former Senior VP of Engineering for Venice-based Snap , has launched a new, Santa Monica-based startup called Liquidata. The new startup says it is developing a "data as a service" offering. Sehn left Snap a year ago. Sehn was one of the executives who had a significant stake in Snap at the IPO, with Sehn's share of the company worth around $110M at the IPO. READ MORE>>. snap engineering liquidata startup

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City of Hope Teams On New Cell Therapy Manufacturing Site

socalTECH

Duarte-based cancer research and treatment center City of Hope and Translational Genomics Research Institute (TGen), an affiliate, said the two plan to develop their own, cell therapy manufacturing facility, which will be based in Phoenix, Arizona. According to the two, the new cell therapy manufacturing facility will help it improve the speed at which stem cell research and cancer treatment is delivered.

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Hulu Adds More Live TV Content

socalTECH

Los Angeles-based streaming television provider Hulu said this week that it has added two new "add-ons" for its Live TV subscribers, including both a new set of Spanish channels, as well as new Entertainment content. Hulu said that viewers can gain access to Spanish language channels ESPN Deportes, NBC Universo, CNN En Espaol and History Channel En Espaol for an additional $4.99

Hulu 109

Seismic Data’s Biz Potential

L.A. Business Journal

The Los Angeles region is an earthquake hot spot, so it’s little surprise a company focused on detecting seismic activity and warning its customers of an impending temblor would make its home here

BlackLine Inks Reseller Deal With SAP

socalTECH

Los Angeles-based accounting software developer BlackLine said on Thursday that it has inked a reseller agreement with SAP , which will allow SAP to resell its cloud-based finance and accounting software. Financial details of the deal were not announced. According to BlackLine, SAP will resell its finance and accounting software as a "SAP Solution Extension" to its customers around the world. BlackLine's software works with SAP's ERP Financial products, including SAP S/4HANA.

Ad Analytics Start-Up EDO Raises $12 Million

L.A. Business Journal

Entertainment Data Oracle Inc., or EDO, a company that uses data collection and analysis to measure the effectiveness of TV ads, announced Nov. 1 that it raised $12 million in its first round of outside investment

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