Sat.Dec 15, 2018 - Fri.Dec 21, 2018

Virtual reality gaming and the pursuit of “flow state”

TechCrunch LA

Maggie Lane. Contributor. Share on Twitter. Maggie Lane is a writer and producer of virtual reality experiences and covers the industry for various publications. More posts by this contributor. Inside Nickelodeon’s Teenage Mutant Ninja Turtles VR Interview Experience.

Luxtera Acquired By Cisco For $660M

socalTECH

In a big exit for Southern California, Carlsbad-based Luxtera , a developer of optical semiconductors used in the high speed networking market, has been acquired by Cisco , in a deal worth $660M in cash and assumed equity options. According to Cisco, it will incorporate Luxtera's technology into its "intent-based" networking portfolio. Luxtera's semiconductors are used in optical transceivers, including 100GbE and 400GbE networks.

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Silicon Beach Report Dec. 18: TicketGuardian Nets $8 Million

L.A. Business Journal

SpaceX plans Air Force satellite launch; Maple Media publishes “Skate Jam;” $8 million raised by TicketGuardian

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15 For ’19: Key Clinical Data To Watch For Next Year (Part 1)

Xconomy

It can take decades and billions of dollars to develop a drug, and its fate—and often that of its developer—rests in the outcome of clinical trials. Just look at some of 2018’s biggest biotech stories.

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EvoNexus Adds ecoATM's Genthert As Managing Director

socalTECH

EvoNexus , the non-profit startup technology incubator operator which has locations in both Irvine and San Diego, said today that it has added Bob Genthert, the co-founder of ecoATM, as a Managing Director at EvoNexus in Irvine. Genthert was a co-foudner of ecoATM, which was sold to Outerwall in 2013 for $350M. Genthert also has served at such companies as The Walt Disney Company, Disney Publishing Group, ESPN Magazine, The New Release, and Sky Mobilemedia. READ MORE>>.

Blippar, Backed by Qualcomm Ventures, Calls It Quits

socalTECH

UK-based augmented reality technology developer Blippar , which had been backed by Qualcomm Ventures, has gone into administration in the UK--their equivalent of bankruptcy--after failing to obtain new funding for the company.

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Richard Wolpert Talks About The Soul Of A Deal, And How To Get That Deal Done

socalTECH

Richard Wolpert is a well known investor in the Los Angeles technology community, through his own fund, Chance Technologies; as a Venture Partner at Amplify.LA and Venture Advisor at Accel Partners; and has a long history in the tech community, having been Chief Strategy Officer at RealNetworks and President of Disney Online.

EVgo Expands Business Development Team

socalTECH

Los Angeles-based electric vehicle charging network operator EVgo has named two new executives to its business development team, the company said on Monday. According to the company, it has named Colin Murchie as Senior Director of Business Development, and Lars Peters as Director of Business Development. Murchie was previously in the solar energy industry, working at such companies as Sol Systems, SolarCity (now Tesla), SunEdison, and the Solar Energy Industries Association.

Atom Tickets Launches Amazon Alexa Skill

socalTECH

Santa Monica-based movie ticketing site Atom Tickets has rolled out its own Amazon Alexa skill, letting Alexa users purchase tickets using Amazon's popular voice assistant. According to Atom Tickets, the new skill lets consumers hear what new movies are playing near them, and also allows users to purchase tickets through integration with Amazon Pay.

Erasca Picks Up $42M For Cancer Drugs

socalTECH

San Diego-based Erasca , a biopharmaceuticals startup which says it intends to develop oncology drugs to not just treat, but cure, cancer, has raised $42M in a Series A funding round. The funding was led by City Hill Ventures and Cormorant Asset Management, along other, un-named institutional and individual investors. Erasca was founded by Jonathan E. Lim, M.D., who was most recently Chairman, president, CEO and co-founder of Ignyta, which he sold in February to Roche for $1.7 billion.

Hulu To Launch Programmatic Marketplace

socalTECH

Los Angeles-based streaming television provider Hulu is launching its own, private programmatic advertising marketplace , which will make all of its live and on-demand TV inventory available to advertisers, according to a report. The programmatic marketplace is set to launch on January 1st. READ MORE>>. hulu programmatic advertising streaming television

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Disney And Robotic Toy Maker Sphero Go Separate Ways

socalTECH

Watch out robotic toy fans -- Burbank-based Walt Disney and robotic toy maker Sphero have apparently agreed to go their separate ways, meaning the end of the robotic version of Disney's BB-8 and R2-D2, as well as Lightning McQueen and Spider Man. According to Sphero it will discontinue its popular Disney licensed products, due to the declining popularity of those toys.

Devise Interactive Acquired By Vincit

socalTECH

Irvine-based Devise Interactive , an interactive agency providing web design and other services, said today that it has been acquired by Vincit , a publicly traded company based in Finland. Financial terms of the acquisition were not announced. Vincit provides UI/UX and software development services. Vincit's California operators are led by Ville Houttu. READ MORE>>. devise interactive vincit design merger acquisition finland international software consulting

CoreLogic Buys HomeVisit

socalTECH

Irvine-based CoreLogic has acquired HomeVisit , a mid-Atlantic provider of property listing photography, videography, 3D modeling, drone imagery, and related services, the company said this morning. Financial details of the acquisition were not announced. HomeVisit had been owned by Breakaway Holdings LLC. According to CoreLogic, it plans to grow and expand HomeVisit's product suite on a national scale, and also will use the acquisition to augment its digital data capture capabilities.

San Diego's Seismic Snags $100M, Joins Unicorns

socalTECH

San Diego-based Seismic , a developer of sales and marketing software, has raised $100M more in a funding round, which values the company at $1 billion, the company said on Tuesday. The funding round came from Lightspeed Venture Partners, T. Rowe Price, plus General Atlantic, JMI Equity, and Jackson Square Ventures. The startup, led by CEO Doug Winter, develops software used to enable sales and marketing efforts in the enterprise.

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Silicon Beach Report Dec. 17: Court Freezes Faraday Future CEO’s Assets

L.A. Business Journal

Ring adds doorbell facial recognition; Yuetings assets frozen; Netflix pushes film towards theaters

Rocket Lab Delivers 13 Satellites To Space For NASA

socalTECH

Huntington Beach-based Rocket Lab , one of Southern California's crop of space related startups, delivered another payload to space on Sunday, sending a number of small "Cubesats" to space for NASA. According to Rocket Lab, the launch is its third orbital launch for 2018, and brings its total number of satellites launched into space to 24 during the year.

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A.I. in 2018: IBM Exec on Advances in Training, Trust, Transparency

Xconomy

[ Editor’s note: This is part of a series of posts sharing thoughts from technology leaders about 2018 trends and 2019 forecasts.

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15 For ’19: Key Clinical Data to Watch For Next Year (Part 2)

Xconomy

On Monday, Xconomy began our annual look ahead at clinical trials that could define biotech and have profound healthcare effects in the coming year.

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San Diego Tallies 7 IPOs in Best Year For Market Debuts Since 2014

Xconomy

Will “CBUS” and “SI” join “THOR” and “RMED”? It’s next week or never (until 2019, that is) for two San Diego companies that have filed documents with securities regulators indicating plans to go public.

With $42M, Ex-Ignyta CEO Aims At Cancer Again With Startup, Erasca

Xconomy

A year after steering cancer drug developer Ignyta into a $1.7 billion sale to Roche , Jonathan Lim is back at it again. Ignyta’s former co-founder and head executive has co-founded another biotech in San Diego, Erasca, which also wants to make new cancer therapies.

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$100M Round Turns San Diego’s Seismic into Region’s Newest Unicorn

Xconomy

Seismic, an enterprise software company with ambitious growth plans, has raised $100 million in a Series E financing and added Microsoft chairman John W. Thompson to its board of directors. The venture investment, which the San Diego startup announced Tuesday, is one of only a few so-called mega-rounds—$100 million or more—recorded this year in the region. (In In Southern California, rounds that large are more often raised by life sciences companies.)

Sophiris, Stock Sliding After Cancer Drug Data, Still Plans Phase 3

Xconomy

Sophiris Bio said Monday that 10 patients who were administered its experimental prostate cancer drug a second time didn’t see any additional benefit. The news sent the San Diego, CA-based biotech’s stock plunging 40 percent.

Cisco to Pay $660M for Luxtera, Maker of Advanced Data Center Chips

Xconomy

Cisco has agreed to pay $660 million for Luxtera, a Caltech spinout that makes optical chips for data centers. The semiconductor company, founded in 2001, is based in Carlsbad, CA, a San Diego suburb. Cisco, the San Jose, CA-based tech giant (NASDAQ: CSCO ), said Tuesday that Luxtera’s advanced chips will help it offer its customers faster and better network service performance.

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