Friday, September 22, 2017

Hyperloop One Raises $85M More

Friday, September 22, 2017

Los Angeles-based Hyperloop One, which is building high speed, Hyperloop transportation systems, says it has raised $85M in a Series B-1 funding round. The funding brings the company's total raised to $245M since it was founded in 2014. The new funding came from Caspian VC Partners (as part of Summa Group and OurCrowd.com), DP World, WTI, as well as the company's existing investors.

 
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More information » (Subscribers only)

AfterNow Releases AR Tool For Filmmakers

Friday, September 22, 2017

Culver City-based AfterNow said this week that it has released a new application, Blocker, which helps filmmakers take advantage of Apple's ARKit. AfterNow said that the tool lets a director place virtual characters in an augmented reality environment, for blocking or storyboarding. AfterNow said the tool is aimed at helping filmmakers to accurately prepare scenes to communicate positioning of cameras and characters.

 
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Plenty of Fish Connects With Google Home

Friday, September 22, 2017

Plenty of Fish (POF), the online dating company owned by Match.com--and run out of Los Angeles--says it has integrated its dating services with Google Assistant, running on Google Home, Android devices, and iPhones. According to Plenty of Fish, the integration allows users to ask Google Assistant if they have new messages on the dating services, and will read those messages aloud to the individual.

 
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Right now, sign up for 2 months FREE Cloud Backup and Recovery services
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that backup, but the guaranteed ability to recover and restore. KeyCloud
Backup and Recovery as a Service (BRaaS) is hosted on enterprise grade
technology and performs “0” downtime backups, a capability unique to
KeyCloud.

Including software, offsite storage and support, KeyCloud BRaaS causes NO
IMPACT on your daily business or production, and gives you the confidence
of having a solid cloud resiliency plan in place. With KeyCloud, rest
assured knowing your most important data is always protected and
available, without the hassle of managing it yourself.

To receive a risk free 2 month trial of KeyCloud BRaaS, visit:
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mentorship and access to a strategic perks portfolio with the objective of
helping you grow your idea from business concept to funded startup. The
Preccelerator® Program provides these benefits to as many as 10 promising
young startups in separate growth tracks.

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Thursday, September 21, 2017

March Capital Partners Backs Activehours In New Funding

Thursday, September 21, 2017

Santa Monica-based March Capital Partners has joined in another funding round for Palo Alto-based Activehours, as part of a $39M funding. Activehours said the new, $39M investment round was led by Andreessen Horowitz, and also included Matrix Partners, Ribbit Capital and March Capital Partners. Activehours offers up a mobile-app driven service which lets people access their paychecks, even before those paychecks are deposited in their account. The company says its service helps people to have more financial control to pay their bills on time and avoid late and overdraft fees.

 
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Tuition.io Gets $7M In Series B Funding

Thursday, September 21, 2017

Santa Monica-based Tuition.io, which helps employers offer up student loan repayment assistance as part of their employee benefits, has raised $7M in a Series B funding round, the company said today. The funding was led by Wildcat Venture Partners, and also included Mohr Davidow Ventures and MassMutual Ventures LLC, the corporate venture capital arm of Massachusetts Mutual Life Insurance Company. According to Tuitionio, the funding will go towards scaling its sales and customer success team, expand its product offerings, and to drive market expansion. Tuition.io says so far that it has signed up such clients as Live Nation, Staples and Fidelity Investments to its programs.

 
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Tech Scenes Episode 1: A Look At SoCal's Startup Ecosystem

Thursday, September 21, 2017



Welcome to Tech Scenes where we explore what makes tech leaders and the cities they live in thrive.


In this episode we explore Los Angeles from Santa Monica, West Hollywood, to Compton and meet up with Royce Disini of Mobcrush, Greg Bettinelli of Upfront Ventures, Leura Fine of Laurel and Wolf, John Tomich of One Stop Internet, and Expree Devora of WeAreLATech.


Produced by:


Jeff Martin CEO and Founder of Collective Genius


Empowered by:


Collective Genius - Executive Search for Emerging Companies

www.collective-genius.com


Media Sponsor:


SOCALTECH - High Tech News and Information for Southern California
www.socaltech.com



Show Guests:


Mobcrush: Royce Disini (www.mobcrush.com)


Upfront Ventures: Greg Bettinelli (www.upfront.com)


Laurel and Wolf: Leura Fine (www.laurelandwolf.com)


One Stop Internet: John Tomich (www.onestop.com)


WeAreLATech: Espree Devora (www.wearelatech.com)

 
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Belkin Rolls Out High Speed HDMI Cable For Apple TV 4K

Thursday, September 21, 2017

Los Angeles-based Belkin announced a new, high speed HDMI cable today, which it says is designed to connect Apple TV 4K, Mac or HDMI devices a TV or A/V receiver. The company said its cable is specifically optimized for the Apple TV 4K, and is compatible with the Dolby Vision high dynamic range technology. The new cable has an MSRP of $29.95. Belkin is selling the cable through its own web site, in addition to Apple Stores and Apple.com.

 
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ThreatSTOP Blocks Malicious DNS

Thursday, September 21, 2017

Carlsbad-based cybersecurity software developer ThreatSTOP announced on Wednesday that it has rolled out a new software product, which detects and automatically blocks malicious DNS queries. According to the company, its new ThreatSTOP Roaming Defense protects laptops and off-premise devises against ransomware, phishing, malware and data theft. DNS (the domain name service) is used by computers to translate web and Internet addresses to IP addresses, and is often used by malware to misdirect information to steal personal information from users. The new product is an expansion of ThreatSTOP's existing product line, which updates firewalls, routers, switches and DNS servers. Pricing on the new product was not announced.

 
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Scientist.com Launches New Compliance Feature

Thursday, September 21, 2017

San Diego-based Scientist.com, which operates a marketplace for outsourced scientific services, said this morning that it has launched a new feature to ensure ethical sourcing of human biosamples. The company said its new COMPLI feature will "significantly reduce" issues with obtaining human biological samples, such as organs, tissues and genetic material, ensuring donor consent and compliance with internal and external (often legislative) procurement policies.

 
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SoCal Bio Keynote: Jonathan Norris of Silicon Valley Bank Capital

19th Annual SoCalBio Conference - September 29, Long Beach

SoCalBio is pleased to announce that Jonathan Norris of Silicon Valley
Bank Capital will deliver the morning Keynote about the bioscience
industry funding landscape.

Mr. Norris oversees business development efforts for banking and lending
opportunities as well as spearheading strategic relationships with many
life science and healthcare venture capital firms. He also helps SVB
Capital through sourcing and advising on limited partnership allocations.


Mr. Norris' presentation will be followed by a panel discussion on
"Strengthening the Funding Eco-System in Greater Los Angeles"

Register today!
https://www.eventbrite.com/e/19th-annual-socalbio-conference-tickets-31817307423


Wednesday, September 20, 2017

CalAmp Invests In ThinxNet

Wednesday, September 20, 2017

Irvine-based CalAmp has made an minority investment in German connected car company ThinxNext GmbH, the two said this week. Financial details of the investment were not announced. The two said that CalAmp has been providing telematics devices for ThinxNet's solutions since 2015. According to CalAmp, ThinxNet's automotive Internet-of-Things applications enables smartphone-based fuel payments in Germany.

 
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HAAWK Finds $2.5M For Rights Management Startup

Wednesday, September 20, 2017

Los Angeles-based HAAWK, a new startup focused on rights management, copyright enforcement, and content monetization, has raised $2.5M in a seed financing round, according to the company. The funding was led by Rincon Venture Partners, Wavemaker Partners, Frontier Venture Capital, and Apex Ventures. The startup, led by serial entrepreneur Ryan Born, said it also acquired a range of assets from Dart Music. Financial details of the Dart Music acquisition was not announced. HAAWK said it will delivers assets to, and administers royalties generated by, music and media retailers including YouTube Content ID, iTunes/ Apple Music, Spotify, Amazon Prime Music, Pandora, Google Play, TIDAL, Deezer, and SoundCloud. HAAWK was co-founded by Ryan Born (CEO), Benjamin Barger (COO), and Ben Lister (CRO). Born and Barger previously founded AudioMicro/AdRev (sold to Zealot Networks).

 
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Trackstreet Names VP Sales

Wednesday, September 20, 2017

Santa Barbara-based TrackStreet, a provider of internet brand protection and analytics software, said today that it has named Ryan Erickson as Vice President of Sales. Erickson was most recently Vice President of Sales for Teva North America, a division of Deckers Brands, and also has served at Timberland, Rockport and Reebok. TrackStreet develops technology for monitoring brand reputation, Minimum Advertised Price (MAP) agreements, customer reviews, and similar information.

 
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Utilligent Acquires Transformory

Wednesday, September 20, 2017

Los Angeles-based management consulting firm Utilligent has acquired an Australian and New Zealand company, Tranformory Pty Ltd., the company said late Tuesday. Financial terms of the acquisition were not announced. According to Utilligent, the acquisition will help it with its global footprint. The two said Transformory Pty Ltd. provides services to the telecommunications, electric, gas, water, roads, airports and cities.

 
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Hyundai Capital Links Into AutoGravity For Auto Financing

Wednesday, September 20, 2017

Irvine-based AutoGravity, and Hyundai Capital America, the car financing company which does business as Hyundai Motor Finance, Kia Motors Finance, and Genesis Finance, have joined to offer up car financing in California, Hyundai said today. AutoGravity has an online digital marketplace which connects car shoppers, lenders, and dealers. Financial details of the link between the companies were not announced. Hyundai Capital America said its car financing is now available to AutoGravity users searching for financing for their Hyundai, Kia, or Genesis. AutoGravity is led by founder and CEO Andreas Hinrichs.

 
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To receive a risk free 2 month trial of KeyCloud BRaaS, visit:
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Stubbs Alderton & Markiles Preccelerator

Accelerating Growth for Early Stage Innovation

The Preccelerator® Program is a platform offered to select start-up
companies out of the Santa Monica office of Stubbs Alderton & Markiles,
LLP that provides interim office space, sophisticated legal services,
mentorship and access to a strategic perks portfolio with the objective of
helping you grow your idea from business concept to funded startup. The
Preccelerator® Program provides these benefits to as many as 10 promising
young startups in separate growth tracks.

http://stubbsalderton.com/preccelerator/


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Oracle offers a comprehensive and fully integrated stack of cloud
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Angeles, contact Ryan Mondillo (Ryan.Mondillo@oracle.com).


Tuesday, September 19, 2017

mitu Snags Former Nickelodeon Head As CEO

Tuesday, September 19, 2017

Los Angeles-based mitu, which is developing a digital media brand specifically focused on Latino millennials, has snagged Herb Scannell, the former President of Nickelodeon, as its new CEO. Scannell was also previously co-founder and CEO of Next New Networks (sold to YouTube in 2011) and was President of BBC Worldwide North America. Beatriz Acevedo, Founder and President of mitu, has shifted into a role where she will lead all content, production, talent development and social impact efforts, according to the company. Mitu is venture backed by Upfront Ventures, WPP, Comcast, and Verizon Ventures.

 
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Edmunds Jumps On AR Bandwagon

Tuesday, September 19, 2017

Santa Monica-based car information and shopping site Edmunds has jumped on the augmented reality (AR) bandwagon today, saying it is launching a new AR feature for its iPhone app, which will help shoppers see what a vehicle will look like--and if it will fit--anywhere they might want to park it. Edmunds said its AR feature will let users see how different vehicles might fit in their garages, parking spaces and driveways. Edmunds said it developed the new feature using Apple's ARKit. The new feature runs on iOS 11.

 
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Swagbucks Hits $200M In Cash Back, Gift Cards To Members

Tuesday, September 19, 2017

El Segundo-based online rewards site Swagbucks--which is owned by Prodege, the company run by Chuck Davis, the former CEO of Fandango and Shopzilla--said today that it has now paid out more than $200M in cash and gift cards to its members. The site provides reward points to consumers for shopping, searching the web, sharing their opinions, playing games, and more. Prodege also operates such sites as MyPoints.com and ShopAtHome.com.

 
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Zefr Taps Former Fox Networks Exec As President

Tuesday, September 19, 2017

Venice Beach-based Zefr, which provides contextual targeting software for brands advertising on YouTube, has named former Fox Networks executive Toby Byrne as the company's new President, the company said this morning. Byrne was previously President of Advertising Sales for Fox Networks Group, where he had been for nearly 21 years, according to Zefr. Zefr said Byre oversay national ad sales for FNG's various properties, including Fox Broadcasting Company, Fox Sports, FX Networks, and National Geographic Channel. Byrne previously also has worked at BBDO.

 
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How Fair, Scott Painter's New Startup, Is Creating A New Model For Car Ownership

Tuesday, September 19, 2017


Can getting a car be as easy as opening up an app, scanning your driver's license, and inputting your credit card? Fair (www.fair.com), the latest startup by serial entrepreneur Scott Painter, does just that, letting users shop for a car, get approved, and pay for a car through a month-to-month payment--with no long-term commitment. Painter, who was previously CEO and founder of TrueCar, and has a long history in the automotive purchasing and financing industry, sat down with us to discuss Fair, what he learned at TrueCar, and how he hopes Fair will transform the auto industry. Fair recently raised $16M in a seed funding round, from Javelin Venture Partners, Charles River Ventures, Foundation Capital, Sherpa Capital, Moonshots Capital, and others.

What is Fair all about?

Scott Painter: In simple terms, Fair is an app that represents a totally new way to get a car.

Explain more what that means?

Scott Painter: As you know, I have been building solutions for modern consumers to make buying a car and shopping for a car a more pleasant and simpler experience, for a long time. What Fair represents, is really a completely digital experience, where you can download the app, and instantly get approved for a car by just scanning your driver's license and providing a form of digital payment, such as a bank account number or credit card. With that, you can shop for any car you're looking for....

 
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Tourmaline Labs Raises Funding, Names New CEO

Tuesday, September 19, 2017

San Diego-based Tourmaline Labs, a startup developing location-aware smartphone software for mobile apps hsa raised a round of funding, and appointed a new CEO. According to Torumaline Labs, it has received an investment from ClearVision Equity Partners, and appointed Marc Brungger as its new CEO. Size and details of the funding were not announced. Brungger was previously CEO of Spireon, and also served as EVP & GM at Mitchell International. Tourmaline Labs was founded Dr. Lukas Kuhn and Sven Beerweiler. The company develops software development kits (SDKs) which allow mobile apps to incorporate activity and locatio information around the clock, without zapping battery power, as well as analytics and artificial intelligence software built on that SDK.

 
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PhotoSpring Adds Videos To Photo Frames

Tuesday, September 19, 2017

Los Angeles-based PhotoSpring, a startup developing "next-generation" digital photo frames, says it has rolled out a Wi-Fi connected, photo frame which automatically selects your photos and videos, and plays them through a digital photo frame. According to PhotoSpring, it has created a new digital photo frame which integrates with apps on the iPhone, Android, Mac, and Windows, which automatically selects photos and videos for that photo frame without user intervention. PhotoSpring is led by CEO and co-founder Dan Ho.

 
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Triton Digital Wins New Customer

Tuesday, September 19, 2017

Los Angeles-based Triton Digital, the provider of audio advertising technology, reported a win today with Neuhoff Communications. According to Triton Digital, Neuhoff has selected the company's enterprise podast management solution, to capture, edit, and distribute content to its audience. Financial impact of the win was not announced. Nehoff Communications is the operator of 22 radio stations and related websites across central Illinois and Indiana.

 
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Advertisement

SoCal Bio Keynote: Jonathan Norris of Silicon Valley Bank Capital

19th Annual SoCalBio Conference - September 29, Long Beach

SoCalBio is pleased to announce that Jonathan Norris of Silicon Valley
Bank Capital will deliver the morning Keynote about the bioscience
industry funding landscape.

Mr. Norris oversees business development efforts for banking and lending
opportunities as well as spearheading strategic relationships with many
life science and healthcare venture capital firms. He also helps SVB
Capital through sourcing and advising on limited partnership allocations.


Mr. Norris' presentation will be followed by a panel discussion on
"Strengthening the Funding Eco-System in Greater Los Angeles"

Register today!
https://www.eventbrite.com/e/19th-annual-socalbio-conference-tickets-31817307423


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grow. Square 1 offers a broad range of venture debt, treasury and cash
management solutions through offices in top innovation centers: Atlanta,
Austin, the Bay Area, Boston, Chicago, Denver, Durham, Los Angeles,
Minneapolis, New York, San Diego, Seattle and Washington, DC. Pacific
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SoCal IP Law Group LLP - Serving the IP Needs of Technology Innovators

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Strategy .

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info@socalip.com 805-230-1350 www.socalip.com


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SoCal Bio Keynote: Jonathan Norris of Silicon Valley Bank Capital

19th Annual SoCalBio Conference - September 29, Long Beach

SoCalBio is pleased to announce that Jonathan Norris of Silicon Valley
Bank Capital will deliver the morning Keynote about the bioscience
industry funding landscape.

Mr. Norris oversees business development efforts for banking and lending
opportunities as well as spearheading strategic relationships with many
life science and healthcare venture capital firms. He also helps SVB
Capital through sourcing and advising on limited partnership allocations.


Mr. Norris' presentation will be followed by a panel discussion on
"Strengthening the Funding Eco-System in Greater Los Angeles"

Register today!
https://www.eventbrite.com/e/19th-annual-socalbio-conference-tickets-31817307423


Monday, September 18, 2017

OWNZONES Media Network Names Chief Security Officer

Monday, September 18, 2017

Beverly Hills-based OWNZONES Media Network, a technology and entertainment company which provides products for the motion picture, television and digital content creation industries, says it has named Rob Hopps as Chief Security Officer (CSO), and Senior Vice President, Platform Operations. Hopps was most recently Vice President, Corporate Information Security Officer (CISO) at the Federal Home Loan Bank of San Francisco, and also served at Liberty Mutual Group, Safeco Corporation and Pemco Insurance.

 
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Sixgill Snag $27.9M

Monday, September 18, 2017

Santa Monica-based Sixgill, a developer of Internet-of-Things, sensor software, has raised $27.9M in a Series B funding round, the company said last week. The funding was led by DRW Venture Capital, and also included Mobile Financial Partners. Sensor is led by longtime tech veteran Phil Ressler, who previously has served at Bottlenose, Lumenz Networks, MyGreenlight, Big Stage Entertainment, Clearstone Venture Partners, and many other companies. Sixgill said its primary product, Sense, is used by companies to manage challenges in governing their "Internet of Everything" assets and building sensor-informed applications. Sixgill was formerly known as Zos Communications. The company has now raised a total of $33.90M.

 
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More information » (Subscribers only)

Up Thursday: Episode 1 Of Tech Scenes, A Look At SoCal's Startup Ecosystem

Monday, September 18, 2017

Looking to figure out what makes Southern California's thriving technology industry tick? We've partnered with Tech Scenes, produced by Jeff Martin, to help showcase what makes the region such an attractive community for startup entrepreneurs and venture investments. Episode 1 will be posted here on socaltech on Thursday, September 21st; Tech Scenes will post two more episodes and 11 single guests shows, once a week, every Thursday for the next three months. Check out the trailer below for a taste of what's coming up on Tech Scenes!



 
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Sonendo Gets $50M For Dental Technology

Monday, September 18, 2017

Laguna Hills-based Sonendo has received $50M in a growth investment, from private equity investor General Atlantic, Sonendo said this morning. According to Sonendo, the funding round also included existing investors Fjord Ventures, OrbiMed Advisors LLC, Meritech Capital Partners, CVF LLC, and NeoMed. According to the company, the new funding goes towards commercialization efforts and to expand and diversity its product portfolio. Sonendo is led by President and CEO Bjarne Bergheim. The company develops technology used in root canal treatment.

 
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More information » (Subscribers only)

SpaceX Dragon Returns Successfully From ISS

Monday, September 18, 2017

A SpaceX Dragon capsule--loaded with experiments, trash, and other assorted items from the International Space Station--has successfully splashed down in the Pacific, according to SpaceX. The SpaceX Dragon--which has been docked at the ISS for the last month--departed the ISS on Sunday at around 2 am, and finally returned to earth at 7:15 a.m. on Sunday morning. The return marks the end of the 12th mission to and from the International Space Station for SpaceX. SpaceX did not say when it expects the return of the Dragon to Los Angeles, but it typically returns the Dragon capsules through Long Beach.

 
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SRAX Names New Board Member

Monday, September 18, 2017

Los Angeles-based advertising technology developer SRAX has named a new member to its board, the company said this morning. According to SRAX, it has added Colleen DiClaudio to its board. DiClaudio is President of 340B Technologies, a healthcare technology company, and also has served at Complete Care Health Network and ChestPenn Health Services. SRAX says it now has nine board members. SRAX develops advertising automation software.

 
Continue →

Advertisement

Stubbs Alderton & Markiles Preccelerator

Accelerating Growth for Early Stage Innovation

The Preccelerator® Program is a platform offered to select start-up
companies out of the Santa Monica office of Stubbs Alderton & Markiles,
LLP that provides interim office space, sophisticated legal services,
mentorship and access to a strategic perks portfolio with the objective of
helping you grow your idea from business concept to funded startup. The
Preccelerator® Program provides these benefits to as many as 10 promising
young startups in separate growth tracks.

http://stubbsalderton.com/preccelerator/


Advertisement

Oracle

Oracle offers a comprehensive and fully integrated stack of cloud
applications and platform services for small and mid-sized businesses. For
more information about Oracle (NYSE:ORCL), visit www.oracle.com. In Los
Angeles, contact Ryan Mondillo (Ryan.Mondillo@oracle.com).


Advertisement

SoCal IP Law Group LLP - Serving the IP Needs of Technology Innovators

IP Litigation . IP Transactions . Patent & Trademark Prosecution . IP
Strategy .

Westlake Village . Santa Barbara . Irvine.

info@socalip.com 805-230-1350 www.socalip.com


Advertisement

Pixelgate.net - Internet Access, Web Hosting, Network Services

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Stradling

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Stradling Yocca Carlson & Rauth (“Stradling”) is a premier business law
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Early Stage Commercial Insurance - Pacific Unified Insurance Agency

We are a commercial insurance broker working with startup and early
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Stradling

Stradling, Attorneys At Law (http://www.sycr.com" rel="nofollow">http://www.sycr.com)

Stradling Yocca Carlson & Rauth (“Stradling”) is a premier business law
firm with over 125 attorneys and 10 offices in the western US. The offices
are: Newport Beach, Santa Barbara, Santa Monica, San Diego, San Francisco -
SOMA, San Francisco - Financial District, Sacramento, Reno, Denver,
Seattle. The Firm’s corporate, litigation and public law practices are
well known for their expertise and depth. Stradling's clients include
emerging and high growth public and private companies as well as private
equity funds, venture capital groups and their respective portfolio
companies. Widely recognized for its expertise, responsiveness and
outstanding client service, the Firm's size, structure, and culture allow
it to provide the highest quality representation while maintaining the
responsiveness and relationships commonly associated with smaller firms.


Friday, September 15, 2017

Yardi Launches Housing Registry For Hurricane Irma

Friday, September 15, 2017

Santa Barbara-based real estate software developer Yardi says it has launched yet another website to help victims of a hurricane find housing. Yardi said that it has launched a dedicated housing registry for people who were displayed by Hurricane Irma, to help them find temporary or permanent homes in the affected and surrounding areas. The site is the second created by Yardi in the last two weeks for victims of a hurricane. Yardi also created a similar website for those who were affected by Hurricane Harvey, in Texas, two weeks ago. Yardi said it will not charge housing providers to list their properties, or for residents to use the site. Both hurricanes had a major impact on housing availability, with fairly widespread damage to homes, apartments, and other buildings. One estimate says Harvey damaged or destroyed 134,506 homes in the Houston MSA alone and Irma damaged up to 90 percent of the homes in the Florida Keys.

 
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Cie Digital Labs Names Entrepreneur In Residence

Friday, September 15, 2017

Irvine-based Cie Digital Labs (CDL) said this week that it has named Jim Davis as the company's new Entrepreneur in Residence. Davis previously served at at eBay and Pepsi, and is Managing Partner at early stage venture capital investor Rezven Partners. Cie Digital Labs, led by Anderee Berengian, recently has focused on helping brands and also startups take their ideas and turn them into new technology ventures.

 
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Slacker Acquired By LiveXLive

Friday, September 15, 2017

San Diego-based online radio station and music streaming service Slacker Radio has been acquired by LiveXLive, the two companies announced on Friday. Financial terms of the acquisition were not announced, however, an SEC filing indicates the deal was worth around $50M, split between $44M in cash and $6M in stock. LiveXLive is a live music streaming service. LiveXLive said it will combine the content programming teams of both companies. Slacker was founded in 2006, and was venture backed by Austin Ventures, Centennial Ventures, Mission Ventures, Rho Ventures, and Sevin Rosen Funds. LiveXLive is based in Beverly Hills, and is led by CEO Robert Ellin. In a related move, LiveXLive apparently also has acquired New York-based social media software developer SNAP Interactive.

 
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eFTW Takes On eSports Wagering

Friday, September 15, 2017

A new, Los Angeles-based startup is hoping to tie together the world of eSports and wagering, saying that it has launched a new service which lets users wager on eSports matches around the world for free, with the ability to redeem winnings for in-game prizes in League of Legends, DOTA 2, Counter-Strike:Global Offensive and other titles. esports For The Win (eFTW), founded by Erik Swanson, offers up both iPhone and Android apps, which let users both watch those eSports tournaments and also predict the outcome of those tournaments. eFTW said payouts are based on real odds from esports sites, and that it will also have global and friend rankings on the site, in addition to features to sync your account with friends.

 
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Report: Cornerstone OnDemand Hires Investment Bankers For Review

Friday, September 15, 2017

Santa Monica-based Cornerstone OnDemand has hired investment banking firms Centerview Partners and Goldman Sachs, in a move that could result in either a sale of the company, or help in fighting off an activist investor, according to a report. Bloomberg, quoting "people with knowledge of the matter", said that Centerview and Goldman are both looking for potential suitors, and also providing advice in how to manage activist investment firm Praesidium Investment Management, which has apparently urging Cornerstone OnDemand to sell the company.

 
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StartEngine Plans New Equity Crowdfunding Campaign, For Itself

Friday, September 15, 2017

Los Angeles-based StartEngine, the equity crowdfunding site led by serial entrepreneur Howard Marks, told its supporters on Friday that it is planning to launch a new, equity crowdfunding effort: for itself. According to StartEngine, in an email to investors in earlier equity crowdfunding efforts on its site, that in the coming weeks, StartEngine will be offering its own shares to investors. StartEngine said those shares will be available to "ambitious, forward-thinking investors like you" and started taking information from users interested in participating. StartEngine did not say how much it is looking to raise in its own, equity crowdfunding.

 
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EDF Renewable Energy Wins Wind Deal In Oklahoma

Friday, September 15, 2017

San Diego-based renewable energy developer EDF Renewable Energy has signed a big, 120 megawatt wind energy deal in Oklahoma. According to EDF Renewable Energy, it has signed an agreement to supply Kimberly-Clark Corporation with 120 MW of wind energy from the Rock Falls Wind Project in Oklahoma, the first use of utility-scale renewable energy by the Kimberly-Clark. EDF Renewable Energy said the deal is part of an effort by Kimberly-Clark to reduce its greenhouse gas emissions by 20%, well ahad of a 2022 goal by the consumer products giant. Image: construction at EDF Renewable Energy's Rock Falls Wind Project.

 
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