Tuesday, May 3, 2016Greycroft, Paige Craig Get Exit As Adobe Buys LiveFyreTwo, Los Angeles area investors--venture investment firm Greycroft Pratners, and angel investor Paige Craig--are among the investors seeing an exit today, as Adobe said acquired blog commenting tools maker LiveFyre. Financial terms of the acquisition were not announced. Paige Craig--as well as a number of other angels--originally seeded LiveFyre back in 2010. Greycroft, which is very active in Los Angeles, took the lead on LiveFyre's Series B funding in 2011.
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Frost Data's Maana Finds $26M For Big Data, From Big OilMaana, a startup developing big data analytics software--which is backed by San Juan Capistrano-based Frost Data--has raised $26M in a Series B strategic funding round from a host of big oil companies. According to Maana, the strategic funding was led by Saudi Aramco Energy Ventures, and also included Shell Technology Ventures, GE Ventures, Chevron Technology Ventures, Intel Capital, along with Frost Data Capital. Maana has now raised $40M in funding. Dhiraj Malkani of Saudi Aramco Energy Ventur (More info...)
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Gumgum Names VP Social StrategySanta Monica-based marketing and advertising technology developer GumGum has named a new VP today, saying it has named Sirious Wadia as its Vice President of Social Strategy. Wadia--a veteran from the enterprise software market--has previously served at Marin Software, where he was Vice President of Accounts, and also served in sales at VMware. GumGum develops a range of advertising and marketing technology, including GumGum Social, which uses image recognition to recognize objects, logos, and (More info...)
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Sixgill Raises $6M For Proximity SensingSanta Monica-based Sixgill, a developer of location awareness software aimed at the enterprise market, has raised $6M in a funding round, the company said this morning. The funding was led by an affiliate of DRW Ventures, and also included Mobile Financial Partners. Sixgill is led by CEO Phil Ressler. The company says it is using proximity sensing for the enterprise, helping companies understand the movement of people, places and things in the enterprise. The startup also said the new funds will (More info...)
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iotum Acquires TalkShoe.comLos Angeles- and Toronto-based audio and web conferencing provider iotum says it has announced Internet broadcasting and podcasting tools maker TalkShoe.com. Financial terms of the acquisition were not disclosed. Iotum said it purchased all of the assets, brands, and operating services of Pittsburgh-based TalkShoe.com, and will use the buy to accelerate its growth. The acquisition is the company's fifth acquisition in the past three years, including the recent acquisition of LA's FreeConference. (More info...)
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Ionis Pharmaceuticals Sells Rights To Pharmaceutical ProductCarlsbad-based Ionis Pharmaceuticals said today that Kastle Therapeutics has acquire dthe rights to develop and commercialize its KYNAMRO (mipomersen sodium) injection, which is used to lower cholesterol in the blood. The companies said the deal is worth up to $95M, and is split beween $15M in an upfront payment, a $10M milestone payment three years from today, and up to $70M based on sales milestones. KYNAMRO is a drug used to reduce low density lipoprotein-cholesterol (LDL-C), apolipoprotein B (More info...)
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Dexcom Acquires European DistributorSan Diego-based diabetes monitoring products maker Dexcom ha acquired Nintamed, a medical products distributor with a presence in Germany, Switzerland, and Austria, the company said Monday afternoon. Financial terms of the acquisition were not disclosed. Nintamed was Dexcom's exclusive distributor in those countries for the past six years. Dexcom said Nintamed will work closely with its international headquarters in Edinburgh, Scotland.
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Slantrange Rolls Out New Agricultural Drone SensorsSan Diego-based Slantrange, a developer of aerial remote sensing products for the agriculture industry, said it has launched a new product line today, aimed at the precision agriculture market. The company said its new SL2i and Sl2p products are double the resolution and have double the data collection rate and processing efficiency of its prior generation of products. Slantrange's sensors use unmanned aerial vehicles to help farmers gather data on their fields, and help them figure out plant po (More info...)
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Sorrento Therapeutics Gets $10M In Private Placement From YuhanSan Diego-based biopharmaceuticals developer Sorrento Therapeutics says it has raised $10M more, in a private placement from South Korean company Yuhan Corporation. The deal had been announced earlier. Sorrento Therapeutics is developing treatments for cancer and other conditions. Sorrento said that Yuhan purchase 1,801,802 shares of common stock at $5.55 per share and a warrant to purchase 235,294 shares of common stock. The investment is the first investment as part of $150M in separate, priv (More info...)
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Hulu Plans Online Cable TV Service, Says ReportLos Angeles-based television streaming service Hulu is planning a new, live, cable-style broadcasting service, according to a report published by the WSJ. The report says the new service would stream feeds of major broadcast and cable stations to its users, via a new subscription service. Hulu reportedly is near an agreement with Walt Disney Co. and 21st Century Fox on providing content for the service.
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