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Tocagen, Forte Biosciences In Merger

socalTECH

As part of the funding, the two said that Alger, BVF Partners LP and OrbiMed have entered into a securities purchase agreement to invest $14 million in the combined company. The newly merged company will operate under the name Forte Biosciences, and trade on the Nasdaq Capital Market as FBRX. READ MORE>>.

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Phyn Taps Into $10M More For AI-Powered Plumbing Monitoring Device

socalTECH

Torrance-based Phyn , the developer of the remarkably advanced water monitoring technology spun out of Belkin, said today that it has raised another $10M in funding, from current investor Uponor. According to Phyn, the new investment will go towards market penetration and to scale the company's operations. READ MORE>>.

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Location-based virtual reality is increasing its footprint in the U.S.

TechCrunch LA

Earlier this year, in a small, grey-walled storefront inside a very large mall in Torrance, Calif. just past the AMC Center) , the virtual reality game-maker Survios planted its first flag in the market for location-based gaming. But that’s still a far smaller market than the 10 million game consoles that were sold in the U.S.

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Announcing The Socaltech 50: Southern California's Up-and-Comers

socalTECH

Josef Gorowitz , Swagbucks (Torrance, online marketing/rewards). Amanda MacNaughton , PromoJam (Glendale, marketing software). Internap , PricewaterhouseCoopers , Demand Media , Stubbs, Alderton & Markiles LLP , Oracle , Cresa Partners , UK Trade & Investment , PIXT , and many others.

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The Station: Canoo hits the road, Coup shutters and Samsung shifts

TechCrunch LA

Bounce, which is known for its cheap rental costs, along with competitors Vugo and Yulu are trying to carve market share away from ride-hailing companies like Uber. At an event in Los Angeles, GM’s Chief Marketing Officer Deborah Wahl said the subscription service Book by Cadillac will return next year. At least for now.

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WHAT ARE THE REWARDS OF GOING GREEN?

AeA Los Angeles Council

When a company is not in compliance, it looses its ability to sell in certain markets. However, environmentalists and savvy consumers are on the look-out for “green-washing,” or marketing campaigns that masquerade as real environmental progress. What return can I expect on my investment? Can Green be transparent?

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