TOP NEWS

Reflexion Health Finds $18M

San Diego-based Reflexion Health, a provider of cloud-based, digital medicine products, said this week that it has raised $18 in a Series B funding round. The funding came from current investor West Partners and others. The startup, led by Joseph Smith, MD, PhD, develops VERA, a software product which is aimed at the physical therapy market....Continue →


Donuts Makes Hostile, $70M Bid For Rightside Group's TLDs

Domain name registration provider Donuts Inc, which provide top-level domain registration services, said it has offered to buy the entire registry of generic, top-level domains from Rightside Group, Ltd.. Donuts--which has executives and operations in Los Angeles--said it has offered to pay $70M in cash for Rightside. In what might make for an interesting process, Donuts said that it is making the offer despite Rightside "repeatedly" disregarding its interest in the company....Continue →


Platinum Equity Bumps Offer For Electro Rent To $382M

Beverly Hills-based private equity investor Platinum Equity announced this morning that it has bumped its offer for Van Nuys-based Electro Rent to $15.50 per share in cash, up from an earlier, $13.12 per share offer. The new price bumps the total value of the deal to approximately $382.2M. According to Platinum Equity, the increased offer comes due to a receipt by Electro REnt of an unsolicited, third party acquisition proposal....Continue →


IBM Watson AI XPRIZE Competition Opens Registration

The IBM Watson AI XPRIZE, the $5M competition being run by Los Angeles-based XPRIZE, has opened up registrations to teams, and has published guidelines for the artificial intelligence competition. The new competition is seeking to spur teams to create artificial intelligence technology, to challenge some of humanity's most pressing challenges....Continue →


HomeHero, Cedars-Sinai Link On Patient Transition Program

Santa Monica-based HomeHero, the home care technology and services startup founded by Kyle Hill and Mike Townsend, has linked up with Cedars-Sinai to launch a new program called Safe Transition Home. According to HomeHero and Cedars-Sinai, the new program will help transition patients from the hospital to home, with the goal of reducing inpatient readmissions, raising patient satisfaction and improving health outcomes....Continue →


Qualcomm Sues Chinese Company Over Patent Licensing

San Diego-based Qualcomm has filed suit against a Chinese company, Meizu, saying that Meizu has refused to enter into a licensing deal for the company's technology. According to Qualcomm, it had attempted to negotiate with Meizu to sign a patent license agreement, consistent with Qualcomm's agreement with China's National Development and Reform Commission (NDRC) in 2015--but that Meizu has gone ahead and used Qualcomm's technology without a patent license agreement....Continue →


Study: More Than 7,620 Cybersecurity Jobs In San Diego

A new study, run by a local nonprofit focused on cybersecurity in San Diego, has tallied up the numbers and found that there are more than 7,620 people employed in the cybersecurity industry in San Diego....Continue →


Flipagram Tops 200M Users

Los Angeles-based video-and-music app developer Flipagram says that more than 200 million users have now used its app, and have now created nearly half a billion of its "video stories" through its app, according to the company. The app developer lets users create synchronized, musical videos using popular music tracks, coupled with personal photos and snapshots....Continue →


Disney Launches High School Computer Science Program For Girls

In what might end up being the most-sought-after summer camp experience ever for girls interested in technology and science, The Walt Disney Company said on Thursday that it is launching an on-campus, computer science immersion program aimed at high school girls. Disney said the program which will combine seven weeks of computer coding, with field trips to parts of The Walt Disney Company....Continue →


Upfront Ventures Names Kobie Fuller As New Partner

Los Angeles-based venture capital investor Upfront Ventures has named a new Partner at the company, luring away Kobie Fuller from Accel Partners. According to Upfront Ventures, Fuller--who has invested in such companies as Oculus VR, UserTesting, Emergent VR, and Invoca--will relocate to Los Angeles with his family. Fuller previously spent time in Los Angeles, serving as Chief Marketing Officer at e-commerce company REVOLVE....Continue →


Stamps.com Buys ShippingEasy

El Segundo-based Stamps.com said this week that it has acquired ShippingEasy, a developer of web-based multi-carrier shipping software product that helps e-commerce providers process, fulfill, and ship their products. Stamps.com said it would pay $55M in cash for ShippingEasy, which was based in Austin, Texas. ShippingEasy had been a direct competitor to Stamps.com, particularly for small e-commerce providers....Continue →


Opoli Dangles $5 Rides To LAX To Break Through Ridesharing Noise

Los Angeles-based ridesharing service Opoli--which faces rather daunting competition from Uber and Lyft--is hoping to break through the ridesharing noise, with an offer of $5 for a trip to LAX. According to Opoli, it is offering up the $5 rides to the airport within a 20 mile radius of the airport, until midnight on June 30th. Opoli offers up iOS and Android apps which let users book both on-demand and reserved rides....Continue →



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