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Wednesday, June 28, 2017

Port of Los Angeles Operations Still Halted By Global Ransomware Attack

Wednesday, June 28, 2017

The Port of Los Angeles, which saw operations at APM Terminals shut down on Tuesday due to a global cyberattack, is hoping to resume activity either tonight or tomorrow, according to reports, but was still closed as of Wednesday afternoon. APM Terminals is owned and operated by global shipper Maersk, which was shut down on Tuesday due to the Petya ransomware outbreak. Maersk shut down both its IT and communications infrastructure are a result of the cyberattack. That attack shut down banks, airports, and other industry in Ukraine, as well as throughout Europe, and even put monitoring systems offline at the Chernobyl nuclear power plant. Photo courtesy of Agustin Garcia.

 
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SpaceX Falcon 9 Returns To Los Angeles

Wednesday, June 28, 2017

The first stage of the SpaceX Falcon 9 rocket launched on Sunday from Vandenberg Air Force base has just returned to Los Angeles, to the Port of Los Angeles, after a successful landing on Sunday afternoon. The Falcon 9 was used to launch ten Iridium satellites into space. The Falcon 9 successfully landed on the drone ship "Just Read the Instructions", which was just towed back to port on Wednesday. SpaceX has not said if it will re-fly the first stage of this particular rocket, however, it has already re-used several, returned first stage of its rockets, including one which delivered a payload to the ISS earlier this month.

 
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Wonder Finds Funding For Mobile Games

Wednesday, June 28, 2017

Los Angeles-based Wonder, a stealth mode, mobile gaming startup, said on Wednesday that it has raised a Series A funding round. The funding came from Grishin Robotics, TCL Communication Holdings Ltd., pop star Shakira, Kevin Spacey, plus 8VC and Greycroft Partners. The company says it has now raised $14M in total. Wonder's CEO is Andy Kleinman.

 
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DAQRI Selects Flex For Augmented Reality Headset Production

Wednesday, June 28, 2017

Los Angeles-based DAQRI, a startup which is developing augmented reality headsets and software, has selected contract manufacturer Flex to build its AR headsets. Flex (formerly known as Flextronics) said it will start manufacturing DAQRI's headsets in Cork, Ireland, beginning this summer. Flex also said it will manage logistics directly to the consumer and provide after-market services including repair and maintenance for DAQRI. Financial details of the deal between the companies were not announced.

 
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XPRIZE Launches Online Sci Fi Anthology

Wednesday, June 28, 2017

Los Angeles-based prize competition company XPRIZE is trying its hand out as a publisher of literature, saying today that it has launched a new online science fiction anthology site, Seat 14C, which takes a look at what the year 2037 could look like. XPRIZE said the new collection of original stories features such writers as Margaret Atwood, Gregory Benford, Paolo Bacigalupi, Bruce Sterling, Hugh Howey, and Mike Resnick. XPRIZE said the new anthology is written from the perspective of passengers onboard a flight that mysteriously lands in the year 2037, and that it will also be running a contest for the general public to submit their own short story for the online collection, and a chance to win roughly $10,000 worth of prizes. The effort is being funded by Japanese airline ANA.

 
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Toshiba Sues Western Digital Over Unfair Competition

Wednesday, June 28, 2017

Irvine-based Western Digital has just been sued by Toshiba Corporation, which is seeking $1 billion in damages for what it says is violation of the Unfair Competition Prevention Act. According to Sohiba, it filed a lawsuit in the Tokyo District Court against Western Digital Corporation, a U.S. company, and its subsidiary Western Digital Technologies, Inc. Toshiba cited Western Digital's actions related to Toshiba's attempted sale of a joint venture. Toshiba claims that Western Digital does not hold the ownership interests in joint venture companies co-owned with SanDisk it says it does. Toshiba also claimed that Western Digital improperly obtained trade secrets from Toshiba and TMC, by transferring employees of SanDisk to WD who specifically had access to confidential information.

 
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j2 Global Completes $650M Fundraising Effort

Wednesday, June 28, 2017

Los Angeles-based j2 Global says it has completed its previously announced, $650M offering of senior unsecured notes, in a private placement, which nets the company $636.4M after expenses. j2 Global is using the new funds to pay off an existing credit facility, and also for general corporate purposes, which it says may include more acquisitions. The notes carry a 6 percent interest rate and are due in 2025.

 
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location(s) while promoting your company as an industry leader. The custom
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Tuesday, June 27, 2017

US Sees Big Bump In IPOS In First Half Of 2017

Tuesday, June 27, 2017

The United States saw a big bump in IPOs in the first half of 2017, according to a report from E&Y issued on Tuesday afternoon. According to the EY Global IPO Trends: Q2 2017 report, there has been "brisk" IPO activity globally, in what the report says is "one of its strongest starts in nearly a decade." The report tallied up 80 IPOs raising $22 billion in the first half of 2017, which was up 216 percent in terms of proceeds raised, and 82 percent in terms of number of deals. A notable number of those IPOs were fro Southern California, including the big IPO of Snap Inc. in March, the IPO of Alteryx, also in March; the IPO of Tocagen in April; the IPO for AnaptysBio in January; plus IPOs for Veritone (Newport Beach), Catasys (Los Angeles), and a number of non-technology companies in the region, as well. Image: Snap Inc's banner at the NYSE, courtesy Anthony Quintano.

 
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UCLA Pulls Commitments From Binary Capital

Tuesday, June 27, 2017

UCLA, a limited partner in venture capital investment fund Binary Capital, has pulled its committment to the venture fund over the weekend, after Managing Director Justin Caldbeck was accused of unwanted advances towards women. UCLA had been one of the venture capital fund's first investors. Caldbeck is accused of unwanted sexual advances on women pitching the fund for investments.

 
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Two Uber Drivers In LA Accused Of Sexual Assaults

Tuesday, June 27, 2017

Two drivers on ridesharing service Uber have been accused of two, separate sexual assault incidents in Los Angeles over the last week. One of the two women victims has filed a lawsuit alleging that Uber has a "toxic culture for women inside the company and for women riders on the road." The first incident involved a groping incident on June 9th. The second incident, reported on Monday, said that an Uber driver with a felony record took a passenger to a motel and sexually assaulted her, rather than driving her home, after she fell asleep in the car. The first lawsuit seeks to force Uber drivers to undergo criminal background checks, installation of dash cameras, and reporting on number of assaults linked through Uber's service. Taxicab companies have long argued that ridesharing services like Uber and Lyft fingerprint and background check their drivers, but Uber and Lyft have both fought fiercely around any such requirements, in part due to the high expense--and long delays--in background checks and fingerprinting.

 
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HireRight Names Marketing, Product VP

Tuesday, June 27, 2017

Irvine-based HireRight, which provides global employment background checks, drug and health screening, and electronic Form I-9 and E-Verify services, said Monday that it has named Kathleen Delaney as its Vice President of Marketing and Product. Delaney was previously Chief Marketing Officer for Vistage Worldwide, and also served at such firms as Aon Risk Solutions, LexisNexis, and Dow Jones and Company.

 
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NantCell Ups Altor BioScience Acquisition Offer

Tuesday, June 27, 2017

Culver City-based NantCell, one of the companies that is part of Dr. Patrick Soon-Shiong's NantWorks group of companies, is acquiring Altor Bioscience. The deal is worth approximately $290M. According to NantCell, it will pay $2.00 in cash or NantCell common stock for each share of Altor BioScience stock, with an additional $4.00 in "contingent value rights" based on regulatory and sales milestones. NantCell said the price is a "significant premium" to recent equity financings. The new agreement adds the earnout portion of the bid. Soon-Shiong and NantCell recently was sued by investors over the "lowball" initial pricing on the deal.

 
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Cornerstone OnDemand Wins Sylvan Learning

Tuesday, June 27, 2017

Santa Monica-based Cornerstone OnDemand, the developer of cloud-based employee learning, talent management, and human resources management software, has signed up Sylvan Learning as a customer. According to Cornerstone OnDemand, it will offer up learning communities, discussion boards and peer-to-peer learning and development to Sylvan Learning across more than 750 retail locations. Financial impact of the customer win was not announced.

 
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Oncolytics Biotech Opens San Diego Office

Tuesday, June 27, 2017

Canadian biotech developer Oncolytics Biotech has opened up a new office in San Diego, the company said this morning, to tap into the area's reputation as a biotech hub. According to Oncolytics Biotech, the new office will support investor relations, business development, and clinical operations functions. The company said it is specifically expanding operations into San Diego due to its role as a "leading biotech hub within one of the largest biopharmaceutical markets in the world", and specifically said it is looking to leverage the talent and expertise the region offers. Oncolytics Biotech's lead candidate is aimed at treating metastatic breast cancer. The company is headquartered in Calgary.

 
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Eloxx Pharmaceuticals Raises $6M

Tuesday, June 27, 2017

Rehovat, Israel-based Eloxx Pharmaceuticals, which is a wholly owned subsidiary of San Diego-based Sevion Therapeutics, said it ha raised $6M as part of a Series C funding round. The funding came from Korea Investment Partners (KIP) and DSC Investments, and is part of the acquisition deal between Sevion and Eloxx. The companies said that Eloxx has now raised $30M in its Series C funding. Eloxx is developing drugs to treat genetic diseases, including Cystic Fibrosis (CF), Cystinosis, Duchene Muscular Dystrophy (DMD), Rett syndrome and mucopolysaccharidose type I (MPS I).

 
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-- Content Strategies & Editorial Calendar Management
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Monday, June 26, 2017

RentTrack Gets Series A Funding

Monday, June 26, 2017

Santa Barbara-based RentTrack, a startup developing online rent payment and reporting software, said on Monday that it has raised a Series A funding round. Size of the funding was not disclosed. RentTrack said the funding was led by Yabeo. The company said the funding will go towards growth in Canada and the UK. RentTrack is led by founder and CEO Matt Briggs.

 
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More information » (Subscribers only)

NGEN Partners Gets Exit At Choose Energy

Monday, June 26, 2017

Santa Barbara- and New York-based clean technology investor NGEN Partners has scored an exit at Choose Energy, a startup which lets consumers comparison shop for and select electric energy providers, according to a report. The report, from Fortune, said the deal was worth less than $100M. Choose Energy had also raised funding from Kleiner Perkins Caufield & Byers, BlueScape Resources, and angels, and was based in Texas. Grubstein was on the board of Choose Energy. NGEN is a vertical investor in clean technology companies, and although Managing Partner Grubstein lives in Santa Barbara, only invests regionally incidentally. The company's most notable portfolio firm with Southern California roots is Soraa, the LED lighting company based on technology from UC Santa Barbara.

 
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SpaceX Launches 10 Iridium Satellites Into Space From Vandenberg

Monday, June 26, 2017

Los Angeles-based space rocket developer SpaceX completed its launch on Sunday, putting ten Iridium satellites into orbit from Vandenberg Air Force Base, just north of Santa Barbara. The launch, and landing, of a SpaceX Falcon 9 rocket followed an earlier, successful launch and landing in Florida on Friday of another rocket for SpaceX--an unprecedented back-to-back launch that demonstrates the progress SpaceX has made in terms of making delivering payloads to space an everyday occurance. SpaceX launched the latest Falcon 9 into orbit at 1:26 p.m. PDT, with the rocket's smoke trail visible from as far south as Los Angeles. The launch on Sunday is part of a contract to deliver a total of 75 satellites into orbit for Iridium.

 
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PetDesk Gets $2.1M For Pet Health Reminders

Monday, June 26, 2017

San Diego-based PetDesk, the developer of software that helps veterinary hospitals send out health reminders to pet owners, and also help pet owners better manage their pet's health, has raised $2.1M in a Series A funding. The funding came from Canal Partners. As part of the funding, Todd Belfer of Canal Partners joins the company's board, with David Paul joining as observer. PetDesk says it has now raised a total of $3.4M in funding. Taylor Cavanah is founder and CEO of PetDesk.

 
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More information » (Subscribers only)

ViaSat Gets $88.3M In Military Contracts

Monday, June 26, 2017

Carlsbad-based ViaSat said this morning that it has won $88.3M in contracts from the U.S. Navy Space and Naval Warfare Systems Command (SPAWAR), to provide tactical radio terminals for the U.S. Navy and Air Force. According to ViaSat, it is tripling production of its Joint Tactical Radio System (JTRS) terminals specifically for those contracts. Those software defined radio (SDR) terminals are used in battlefield communications, providing voice, video and data communications with a line-of-sight, jam-resistant capability across ground, air and naval assets. ViaSat said the work on those contracts will be done in Carlsbad and Tempe, Arizona.

 
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Illumina Gets Win In UK

Monday, June 26, 2017

San Diego-based life sciences equipment maker Illumina announced a win in the United Kingdom today, saying that Genomics England has been selected as the primary variant interpretation and reporting software vendor for tumor and matched normal samples characterized as part of the 100,000 Genomes Project. Financial impact of the selection was not announced. Illumina is a developer of DNA sequencing and related technology.

 
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Saturday, June 24, 2017

SpaceX Chalks Up Another Launch, Landing: One More This Weekend

Saturday, June 24, 2017

Hawthorne-based SpaceX chalked up yet another successful launch and landing of its Falcon 9 rockets on Friday, sending the BulgariaSat-1 satellite into space from Florida. The company, led by billionaire Elon Musk, is expected to launch a second set of satellites into space on Sunday, June 25th, at 1:25 p.m. PDT, for Iridium from Vandenberg Air Force Base. Image: launch of the BulgariaSat-1 satellite on Friday.

 
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Oracle

Oracle offers a comprehensive and fully integrated stack of cloud
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Friday, June 23, 2017

CloudBeds Gets $9M For Hospitality Management Software

Friday, June 23, 2017

San Diego-based CloudBeds, a developer of hospitality management software, has raised $9M in a Series B funding, the company disclosed this week. The funding was led by PeakSpan Capital, and also included Nashville Capital, Cultivation Capital, ClearVision Equity and TTCER Partners.

 
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SURE: Bringing The Insurance Industry Into The Digital Age, With Wayne Slavin

Friday, June 23, 2017


The insurance industry today is one of the last industries to fully jump into adopting technology for offering up their products, says Wayne Slavin, CEO and founder of SURE (www.sureapp.com), and just needs some help in getting there. We chatted with Wayne about how SURE--backed by IA Capital, Menlo Ventures, FF Venture Capital, Nationwide Ventures, Assurant and AmTrust--is applying technology and working with, not against, insurance companies to make buying insurance something you can easily do with your smartphone or tablet.

What is SURE?

Wayne Slavin: At SURE, we are changing the way every single type of insurance is being distributed. We're partnering with the biggest insurance brands, including Nationwide, and many, many others—25 different insurance companies—and taking their insurance policies and selling them in a unified way, making it available to consumers via iOS and Android apps and the web. We're on the journey to let people buy all of their insurance online.

What kind of insurance are you offering now through those apps and the web?

Wayne Slavin: We've been in the market for 18 months. We started in travel insurance, which was our first entry into the market, and have expanded from there. Today, we have six different lines of business in the market, both in the U.S. and internationally. It's currently centered around travel insurance, renters insurance, smartphone insurance, and soon to be a bunch of others....

 
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Steve Poizner Boots Up New Southern California Tech Nonprofit

Friday, June 23, 2017

Steve Poizner, the former California gubernatorial candidate and former founder of SnapTrack (which he sold to San Diego's Qualcomm), says he has created a new group called the Alliance for Southern California Innovation, which will focus on further developing Southern California's entrepreneurial ecosystem. The new group says it will develop initiatives that encourage tech entrepreneurs, venture capitalists and top talent to locate to and stay in Southern California, complementing and extending the success of Silicon Valley and the Bay Area. The new group says it is working with Caltech, the Sanford Consortium for Regenerative Medicine, UC Irvine, UCLA, UC Riverside, UC San Diego, UC Santa Barbara, and the University of Southern California on its efforts, and also has a close relationship with Bill Maris, the founder and former CEO of Google Ventures, who is creating a new venture fund located in Southern California called Section 32.

The Alliance for Southern California Innovation's board includes Qualcomm founder Irwin Jacobs, CAA's Michael Yanover, Sherry Lansing of Paramount Pictures, Thomas Gewecke of Warner Bros., Marc Stern of The TCW Group, and Scott Wolfe of Latham and Watkins in San Diego. However, the new group has no Southern California venture capitalists, and aside from Qualcomm's Jacobs, no representation from Southern California's most prominent technology entrepreneurs....

 
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SPOTLITE Launches Singing Competition App

Friday, June 23, 2017

Los Angeles- and Beijing-based SPOTLITE says it has launched a new, mobile app, which lets music fans sing original music, cover, or karaoke songs to win money. Spotlite said its executives come from such companies as Google Music, Yahoo! Music, Microsoft, Atom Factory, and Warner/Chappell, and that its development and tech teams are in Beijing, with marketing, A&R, and business development based in Los Angeles. The company's offices in Los Angeles are listed in Walnut. The company says it will award a minimum prize of $2000 for its contests, with winners chosen bi-weekly.

 
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Triton Digital Launches New Ad Platform

Friday, June 23, 2017

Los Angeles-based audio advertising technology developer ,a href="http://www.tritondigital.com">Triton Digital said today that it has rolled out a new, "supply side platform" (SSP) aimed at the online audio market. The company said its new platform connects to demand-side platform providers such as The Trade Desk, AppNexus, RTBiQ, AudioTrade and StrikeAd, and others and helps to simplify the management of programmatic audio advertising inventory. Triton said its new tool is already being used by publishers such as CBS RADIO, PRISA Radio and Talpa Radio.

 
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Advertisement

Neohire South

Your source for the most sought-after startup jobs.

At Neohire South, we take our relationships seriously. We apply years of
industry experience to assess and curate our talent pool - connecting only
top-notch tech candidates with the most exciting startups in the industry.
Whether you’re building your team or searching for a job you love, we want
to understand your unique needs and goals to create an incredible fit for
your future.

http://www.neohiresouth.com


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Tech Coast Map & Calendar – Put Your Company On The Map!

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Contact info@siliconmaps.com for more information and mention Socal Tech
for special industry rates.


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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


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Binary Pulse Technology Marketing

We produce and manage content-centric campaigns that enable our clients to
connect with their prospects.

For nearly twenty years, California's industry-leading tech firms have
turned to Binary Pulse for their demand-generating strategies and
programs.

Our services include:
-- Demand Generation Planning and Execution
-- Content Strategies & Editorial Calendar Management
-- Marketing Automation Systems and Administration
-- Channel Program Development
-- Web Site Design & Development
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-- Video Production and Marketing
-- Whitepaper Authoring and Syndication
-- Social Media Marketing

Please visit us at http://www.binarypulse.com to learn more or give us a
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Thursday, June 22, 2017

SpaceX BulgariaSat-1 Mission On Track For Tomorrow

Thursday, June 22, 2017

Hawthorne-based SpaceX is preparing to put another satellite into space, from Kennedy Space Center, on Friday. SpaceX has scheduled a launch of its BulgariaSat-1 mission at 11:10am PT, if the weather holds and no other issues come up. The launch will put the first ever communications satellite into orbit for the country of Bulgaria. SpaceX will re-use a booster that it had originally launched into space in January, and also hopes to land the rocket again on its drone ship in the Atlantic. This weekend looks to be an extremely busy launch week for SpaceX, which is also hoping to launch another payload--a set of 10 satellites for Iridium--from Vandenberg Air Force Base, just north of Santa Barbara. SpaceX had a successful test firing of the SpaceX Falcon that will be carrying those Iridium satellites earlier this week.

 
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GOAT Names Former Twitter COO To Board

Thursday, June 22, 2017

Los Angeles-based GOAT, which operates an online sneaker marketplace, said on Thursday that it has named former Twitter COO Adam Bain to its board of directors. GOAT, led by Eddy Lu and co-founded by Daishin Sugano, is venture backed by Accel Partners, Matrix Partners, and Upfront Ventures, and has raised $37.6M in total. Accel's Ryan Sweeney, Matrix Partners' Josh Hannah, and Upfront's Greg Bettinelli also sit on the company's board of directors. GOAT said Bain first started out as a customer of the marketplace, which lets members sell and buy collectible sneakers.

 
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No, Santa Barbara Did Not Have A Massive 6.8 Earthquake On Wednesday

Thursday, June 22, 2017

In more proof you shouldn't believe everything you read on Twitter, the US Geological Survey accidentally sent out an alert for a 6.8 earthquake, centered off the coast of California on Wednesday. The alert--which was erroneously repeated across multiple publications via automated "bot" postings--apparently came as a result of a software error, which occurred as researchers were looking into historic records of a 6.8 earthquake which occurred in Santa Barbara in 1925. That quake destroyed most of downtown Santa Barbara, and severely damaged the Mission Santa Barbara.








 
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Report: Snapchat Acquires Zenly For $250M To $350M

Thursday, June 22, 2017

Venice, California-based Snap Inc., the parent company of Snapchat, has acquired social app startup Zenly, in a deal reportedly worth $250M to $350M in cash and stock. Zenly is the developer of a social, location sharing app which lets you track where your friends are at any time. Snapchat just rolled out a new, location sharing feature for Snapchat based on Zenly's technology, but will continue to operate Zenly as an independent service. Zenly offers up both iOS and Android version of its social location sharing app.

 
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HyperX Signs Endorsement Deal With NBA Draft Prospect

Thursday, June 22, 2017

Fountain Valley-based gaming accessory maker HyperX, which is a division of Kingston Technology, has signed another endorsement deal with a sports figure, a videogaming continues to intersect with professional sports. according to HyperX, it has signed De'Aaron Fox, a former Kentucky Wildcats basketball player and current NBA draft prospect, to be a "brand ambassador" for its HyperX gaming headset. Financial details of the deal were not announced. HyperX said Fox will exclusively use HyperX gaming headsets for his e-sports tournaments, and also for streaming Call of Duty: Black Ops III and Clash Royale on Twitch. HyperX says it now has sponsorship deals with former Los Angeles Laker and Echo Fox eSports team owner Rick Fox, NBA All-Star and avid gamer Gordon Hayward, and Boston Celtic and Detroit Renegades owner Jonas Jerebko.

 
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EDF Renewable Energy Signs 100 Megawatt Wind Deal In Minnesota

Thursday, June 22, 2017

San Diego-based renewable energy developer EDF Renewable Energy says it has signed a 100 megawatt (MW) wind energy project in Minnesota, the company announced on Wednesday. EDF Renewable Energy said it has signed an agreement to supply Southern Minnesota Municipal Power Agency (SMMPA) with wind energy starting in 2020, with construction expected in early 2018 of 50 wind turbine generators in Pipestone and Murray counties in Southwestern Minnesota. Financial details of the deal were not announced.

 
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CurbStand Names New CEO

Thursday, June 22, 2017

Los Angeles-based CurbStand, the startup which was developing a valet parking app, says it has named Arya Alexander as the company's CEO. Alexander has been Interim CEO of the company since March 2016, when he stepped in after the departure of former CEO Serge Gojkovich. CurbStand offers up a valet parking app which let users locate, pay, tip, and request their cars, and--since Alexander took the helm in 2016--now offers up a fully integrated valet parking service, rather than just providing its technology and app to other companies. The company said it now is focused on running its own integrated valet parking service, and in the future "may revisit" licensing its app and technology to other valet parking operators.

 
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Wednesday, June 21, 2017

Cast & Crew Taps PayPal Exec As Chief Technology Officer

Wednesday, June 21, 2017

Burbank-based Cast & Crew Entertainment Services, which provides technology-enabled payroll and production-management services to the entertainment industry, has snagged a PayPal executive to serve as its new Chief Technology Officer. The company said today that Andrew Patterson, who was previously Senior Director, Transaction Engineering at PayPal Holdings, has joined as Chief Technology Officer. The company said Patterson will oversee its corporate technology and security teams, and also manage its engineering team and direct its digital products efforts. Patterson was also CTO at Mercury Payment Systems, and also served at Moneris Solutions and Paradata Systems. Cast & Crew is backed by private equity investor Silver Lake Partners.

 
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