Sat.Apr 22, 2017 - Fri.Apr 28, 2017

Trending Sources

Getting Your Head in the Game for Fund Raising

Both Sides of the Table

When you run a startup you’re always on borrowed time. You have cash in the bank, a monthly burn rate and a “cash out” date that few in the company truly comprehend.

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TeleSign Acquired By BICS For $230M

socalTECH

Los Angeles-based TeleSign , which uses phone calls and related information for mobile identity management, authentication, and other cloud services, has been acquired by Brussels-based BICS , in a deal worth $230M in cash plus unspecified earnout. BICS said that TeleSign has annual revenues of around $100M. As part of the deal, BICS said that TeleSign will continue to operate independently as a wholly-owned subsidiary of the company, led by current CEO Aled Miles.

Belgium Telecom Company BICS to Buy TeleSign for $230 Million.

L.A. Business Journal

TeleSign Corp. of Marina del Rey, a developer of user authentication software, announced on Tuesday that it had agreed to be acquired for $230 million in cash by telecommunications company BICS of Belgium

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Becton Dickinson Aims Beyond Diabetes with $24B Bard Deal

Xconomy

In a medical technology merger with implications for the healthcare sector in the United States and beyond, Becton Dickinson is acquiring C.R. Bard for $24 billion to tap into the growing markets for products used in treating vascular conditions and cancer.

Finding Startup Developers - First Email Contact

SoCal CTO

Here is the most recent version of an all too common email inquiry from a startup founder. I've removed the two words that described the market - otherwise this is verbatim.

Email 17

More Trending

New App, JobFlare, Looks To Sharpen Your Brain--And Maybe Get You A Job

socalTECH

A new app, JobFlare , developed by Los Angeles-based Criteria Corp. , is hoping to tap into the enthusiasm of consumers for games--which just might attract employers. According to Criteria, which has been offering up pre-employment testing services to employers since 2006, its new cam allows job seekers to play a set of six, 90-second brain games, which it says are "scientifically crafted" to test key talents and cognitive abilities.

Email 26

Silicon Beach Report April 24: Upfront Ventures Joins Jeff Skoll, Paul Allen Investing Arms in $119M Sale of TrueCar Shares

L.A. Business Journal

Upfront Ventures Joins Jeff Skoll, Paul Allen Investing Arms in $119M Sale of TrueCar Shares, Disney says more than 160 stations signed up for its clearinghouse, and The New York Times launches content and crossword puzzle on Snapchat

Forge Therapeutics Raises $15M to Take on Drug-Resistant Superbugs

Xconomy

One reason that drug-resistant “superbugs” are a growing healthcare problem is the hardiness of gram-negative bacteria, a type of bacteria whose characteristics render many antibiotics ineffective.

Rubicon Project Powers Digital Jukebox Advertising Marketplace

socalTECH

Los Angeles-based Rubicon Project is applying its programmatic advertising technology to digital jukeboxes, in a deal with connected, digital jukebox developer TouchTunes. According to the two, TouchTunes' "out-of-home" audience will be made available programmatically in a real-time buying marketplace powered by Rubicon's technology. The comapnies said TouchTunes has a reach and monthly audience of over 38 million unique visitors. READ MORE>>.

Qualcomm Signs Patent License With Firm In India

socalTECH

San Diego-based Qualcomm announced on Sunday that it has signed a 3G and 4G patent license agreement with Smartron India Private Limited , which will allow Smartron to develop, manufacture and sell WCDMA, CDMA2000, and 4G LTE devices. Financial details of the patent deal were not announced. The two also said they will "strategically collaborate" on early technology access and advancements in RF, camera testing and tuning and other critical calibrations required for smart devices.

MomentFeed Links With Snapchat

socalTECH

Los Angeles-based MomentFeed , which develops social marketing software to help multi-location, retail brands better manage the information about their local stores, has linked up with Snapchat's partner program, according to the company. Snapchat said that MomentFeed is now one a number of "Snapchat Partners", which lets MomomentFeed's customers execute targeted, location-based paid advertising campaigns using Snap Ads and Geofilters.

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Heron Therapeutics Names CFO

socalTECH

San Diego-based Heron Therpaeutics , a biotechnology firm developing treatments for pain, has named Robert E. Hoffman as its Chief Financial Officer and Senior, Vice President, Finance. Hoffman was recently serving as EVP and CFO of Innovus Pharmaceuticals for the last eight months, and also was recently CFO of AnaptysBio. Hoffman also has been at Arena Pharmaceuticals and Polaris Group, and is on the board of CombiMatrix, Kura Oncology, and MabVax Therapeutic Holdings. READ MORE>>.

Newegg Links With Chinese Payment Service PingPong

socalTECH

Los Angeles-based online electronics retailer Newegg said this morning that it has linked with PingPong , a provider of secure payment services for Chinese sellers, to help make it easier for its Chinese sellers to collect payments from customers. Financial details of the link were not announced. The two said that PingPong's payment service helps Chinese sellers overcome the challenges of cross-border online sales. READ MORE>>.

Trump Takes Aim At CrowdStrike

socalTECH

Irvine-based cybersecurity firm CrowdStrike appears to be the latest victim of unsubstantiated "facts" from the current White House administration, as President Trump inferred that the company, incorrectly, is owned by a "very rich Ukrainian". The company is actually backed by Google Capital, Rackspace, Accel Partners, and Warburg Pincus. CrowdStrike's founder is George Kurtz, who founded Irvine's Foundstone, and later sold it to McAfee.

IBM 2

Sienna Biopharmaceuticals Gets $40M In Series B

socalTECH

Westlake Village-based Sienna Biopharmaceuticals , which is developing medical dermatology and aesthetics treatments, has raised $40M in a Series B funding. The funding was led by ARCH Venture Partners and Venvest Capital, and also included Partner Fund Management, Altitude Life Science Ventures, and Dr. David Pyott, plus new investors Fidelity Management & Research Company, certain investment funds advised by Clough Capital Partners L.P., Omega Fund Management, and others.

Forge Therapeutics Gets $15M

socalTECH

San Diego-based Forge Therapeutics , a biotechnology startup developing antibiotics, said on Tuesday that it has raised $15M in a Series A funding. The funding was led by MagnaSci Ventures, along with Evotec AG, Alexandria Venture Investments, MP Healthcare Venture Management, Red Apple Group, and WS Investments. MagnaSci Ventures's Brian Dorsey joins the company's board along with the funding. READ MORE>>. lifescience capital venture antibiotic biotech therapeutics forge

Hot On Heels Of DogVacay Buy, Rover.com Launches National Ad Push

socalTECH

Pet sitting and dog walking marketplace operator Rover.com --which just acquired Santa Monica-based DogVacay last month--has has launched a big re-branding as "The Dog People", in its first, national advertising campaign. Rover.com said the move is a result of its recent acquisitino of dog sitting network DogVacay. Rover.com says it the new campaign is the biggest media investment that it has made to date, with a planned spending of $4.5 million in marketing this year.

Influential Names New CFO, COO

socalTECH

Los Angeles-based influencer marketing software developer Influential says it has named Michael Lin as its new dual CFO and COO. Lin was previously CFO at Mavenlink and Cake, and also served at Gehry Technologies and Fast Search and Transfer. The company said that Lin will play a "vital role" in its growth, directing financial strategy, business planning, and operations.

IBM 2

Soylent Recalls Powder, Again

socalTECH

Los Angeles-based food alternative firm Soylent has issued another recall of its Soylent Powder, after it found that its Soylent 1.8 Powder may have accidentally included milk in the product. The company said that a "small amount" of whey powder may have been incorporated into one production lot of Soylent 1.8

Precellerator Names Sixth Class

socalTECH

Santa Monica-based The Preccelerator Program , which is run by Stubbs Alderton & Markiles, LLP, has announced its sixth class, saying it has added five startups to its startup accelerator program. The accelerator said it has added Animate Objects (AR/VR technology); RentSpree (apartment rental applications); Tapp That App (mobile app discovery); Ca$het (product placement in TV shows and movies); and Swoppit (social marketplace for fashion) to the program.

Skyworks Reports On Sustainability Efforts

socalTECH

Irvine-based analog semiconductor maker Skyworks has released information on its sustainability efforts, saying that it has reduced its carbon dioxide emissions by 22 percent, reduced municipal waste by 20 percent, and reduced its hazardous waste by 16 percent. The company released the information in a voluntarily public report, to showcase its commitment to sustainable business practices. The company said those reductions were on a "per-unit" basis.

Neural Analytics Expands In Europe

socalTECH

Los Angeles-based medical device developer Neural Analytics , which makes a medical device used to track and measure brain health, has opened up a new office in Hamburg, Germany. The company said it the new office will help it provide its technology to European clinicians and patients. Lucid's ultrasound system is designed for measuring and displaying cerebral blood flow velocities and monitoring of patients with brain disorders. READ MORE>>.

Ozobot Boosts Executive Team

socalTECH

Redondo Beach-based Ozobot , which develops educational robotics products, says that it has named Joby Otero as its Chief Product Officer, and Kim Salzer as Chief Marketing Officer. Otero was most recently Chief Creative Officer at Anki, and Salzer was most recently Chief Marketing Officer at Hyperloop One. Both also had served at Activision. Ozobot is backed by Tribeca Ventures, and recently raised $3M in a Series A funding.

Inseego Resets Effort To Gain Approval For MiFi Sale, Again

socalTECH

San Diego-based Inseego --the company once known as Novatel Wireless --along with Jade Ocean Global Limited , which is a subsidiary of T.C.L. Industries Holdings , say they once again have withdrawn their request for regulatory approval from the Committee on Foreign Investment in the United States (CFIUS). The firms said that the withdrawal, and immediate re-filing, of its request, is intended to provide additional time to provide a "definitive mitigation agreement" for approval from CFIUS.

MakeSpace Raises $30M More For On Demand Storage To Expand In LA

socalTECH

MakeSpace , a provider of "on-demand" self storage in Los Angeles, new York City, Chicago, and Washington D.C., has raised $30M in a funding round, from 8VC and Upfront Ventures. MakeSpace is led by Sam Rosen. According to the company, the funding will go towards building outs its operations in Los Angeles as well as its other cities. MakeSpace picks up items from people for storage, on a bin-by-bin basis, and also has mobile apps which lets people see what is in those bins.