Thursday, July 18, 2019
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Kumquat Biosciences Finds $47.0M
San Diego-based Kumquat Biosciences, a new, stealth-mode biotechnology startup, has raised $47.0M in what appears to be the company's first funding round, with a target of $55M for the equity funding, according to a regulatory filing from the firm this week. No details on the funding have been announced by the company, which appears to not yet have a website. The company lists its CEO as Yi Liu, who is the Chief Scientific Officer for Wellspring Scientific. The company lists two directors, in ad (More info...)
posted on Thursday, July 18, 2019(Full story)

ViaSat Wins $49.3M In IP Lawsuit
Carlsbad-based ViaSat, which develops satellite communications and other wireless networking technology, has been awarded $49.3M in a lawsuit against Acacia Communications. ViaSat said the award came from a jury in the Superior Court for San Diego County, after that jury found that Acacia Communications had violated intellectual property law by misusing Viasat's proprietary technology. Specifically, Viasat said the award came from Acacia's breach of contract and unauthorized use of its soft deci (More info...)
posted on Thursday, July 18, 2019(Full story)

Video Interview: Scott Alderton, Stubbs Alderton Preccelerator
For today's video interview, we talked with Scott Alderton, of Stubbs, Alderton, and Markiles LLP, about the firm's startup incubator, the Preccelerator. (Stubbs Alderton is a longtime supporter and sponsor of socaltech!). The program recently had a "Demo Day" for some of the recent companies in the incubator. Scott gives some advice to startups on how to be successful.
posted on Thursday, July 18, 2019(Full story)

Techstars Starburst Space Accelerator Debuts First Class
The Techstars Starburst Space Accelerator, the new, space-themed startup accelerator run by Techstars in Los Angeles, has announced its inagural class, naming ten companies that will participate over the next three months in its startup accelerator program. The startup accelerator is being supported by NASA's Jet Propulsion Laboratory, Lockheed Martin, Maxar Technologies, SAIC, Israel Aerospace Industries North America, and the U.S. Air Force, with support from The Aerospace Corporation. The co (More info...)
posted on Thursday, July 18, 2019(Full story)

Cornerstone Links With Sales Training Firm
Santa Monica-based Cornerstone OnDemand, which provides cloud-based learning and talent management tools, has linked up with a sales training company, Sandler Training, on a new sales training subscription, the two said today. According to the companies, the link will help companies build and hone their sales skills with short, digestible e-learning content. Financial details of the partnership were not announced. Cornerstone OnDemand says that it has added its new "Content Anytime Sales & Custo (More info...)
posted on Thursday, July 18, 2019(Full story)

SimpliPhi Aims Energy Storage Products At Power Shutoff Areas
Oxnard-based SimpliPhi Power, a manufacturer of Lithium Ferro Phosphate (LFP) batteries, says that it is ramping up its manufacturing efforts, and providing discounts to consumers in California who are being affected by wildfire "Public Safety Power Shutoffs". According to the manufacturer, its is increasing storage capacity of its units to 3.8 kWh and 2.9 kWh, and also lowering prices, to encourage purchase of its batteries, which it claims are the safest lithium-based battery technology on the (More info...)
posted on Thursday, July 18, 2019(Full story)

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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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