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  • Friday, May 6, 2016

    Amgen Backs New $315M Life Sciences Fund

    Thousand Oaks-based Amgen has helped to back a new, life sciences fund, managed by San Francisco-based venBio, as an anchor supporter of a new fund. venBio said Friday that it has closed a $315M life sciences fund, venBio Global Strategic Fund II, which was anchored by Amgen, Merck, and Baxalta, and also included other Limited Partners. venBio did not say how much Amgen committed to the fund, which is venBio's second life sciences fund....Continue →

     
  • Friday, May 6, 2016

    360fly Raises $40M For 360 Degree Camera

    Aliso Viejo-based 360fly, which develops a single lens, 360-degree video camera, has raised $40M in a Series C funding, the company said Thursday. The funding was led by L Catterton, Hydra Ventures, and Qualcomm Ventures in the funding. Hydra Ventures is the venture capital arm of adidas Group. According to 360fly, the new funding will go towards expanding its worldwide sales footprint, and a new 4K camera. 360fly is led by Peter Adderton....Continue →

     
  • Friday, May 6, 2016

    j2 Global Has $200M Quarter

    Los Angeles-based j2 Global, which owns a wide range of cloud-based businesses, ranging from Internet fax, to email, to online backup and unified communications services--in addition to owning online publishing businesses such as Ziff Davis, IGN, and AskMen--has just passed up the $200M mark in quarterly revenues. j2 Global said it had $201M in first quarter revenues, which was up 24.3 percent versus Q1 of 2015. The company had $29.9M in net income for the quarter, up 36....Continue →

     
  • Friday, May 6, 2016

    mitu Launches Voter Drive Targeting Latino Millennials

    Los Angeles-based, digital media brand mitu said this week that it is launching a new, voter registration initiative, which will look go register one million, Latino millennials to vote by October. According to mitu, its new T.A.C.O. Challenge (Take Action. Commit Others) comes as Latino millennials now represent 44 percent of eligible Hispanic voters, yet where only 38 percent of those Latino millennials voted in 2012....Continue →

     
  • Friday, May 6, 2016

    The Alfred Mann Foundation Names Chief Medical OFficer

    The Alfred Mann Foundation for Scientific Research (AMF), which is focused on innovation in medical technology, said Thursday that it has named Eric Grigsby, MD, MBA, as Chief Medical Officer of the nonprofit. Grigsby was formerly President and CEO of Neurvations, and was founder and Medical Director of the Napa Pain Institute.Continue →

     
  • Thursday, May 5, 2016

    UberMedia's New Product Ties Your Ad Views To Your Local Shopping

    Pasadena-based mobile ad measurement platform developer UberMedia, one of the companies out of Idealab, has released a new, mobile attribution product that tracks cross-media advertisement and correlates that to foot traffic in stores. According to UberMedia, the new product, Cross-Media Location Visit Measurement (xLVR), helps marketers figure out which ads--desktop display ads, video, mobile, social, search, and so on--actually are triggering consumer shopping in retail stores....Continue →

     
  • Thursday, May 5, 2016

    Appetize Links With FreedomPay For Secure POS Payments

    Los Angeles-based point-of-sale tablet provider Appetize said today that it has linked up with payment gateway provider FreedomPay, to offer up PCI-validated, encrypted payment protection for its customers. Appetize develops cloud-based, point-of-sale (POS) systems which is used in the sports and entertainment, parking, leisure and education markets. FreedomPay offers up a payment gateway which runs on Appetize's Android-based tablet software, and eventually will also be rolled out on iOS....Continue →

     
  • Thursday, May 5, 2016

    Drizly Expands To San Diego

    On-demand, alcohol delivery startup Drizly said this morning that it has expanded its service to San Diego, offering up delivery of beer, wine, and spirits to users across the Gaslamp, Hillcrest, La Jolla, Little Italy, Mission Beach, North Park, Ocean Beach, Old Town, Pacific Beach and Torrey Pines neighborhoods. The company--which has been in Orange County since last year--says the expansion comes in partnership with local companies Quality Market and Chip's Liquor....Continue →

     
  • Thursday, May 5, 2016

    Tinder Tops 1M Paid Users

    Los Angeles-based dating app developer Tinder has just topped 1 million paid users, and has been driving "exceptional growth" for its parent company, Match Group. According to Match, is saw a 24 percent increase in revenue growth in its dating segment, which includes Tinder, PlentyofFish, Meetic, and Match. Overall, Match Group said it saw a 21 percent increase in revenues for its Q1.Continue →

     
  • Thursday, May 5, 2016

    Teledyne Sells Printed Circuit Board Unit

    Thousand Oaks-based Teledyne announced this morning that it is selling off its printed circuit board business, Teledyne PCT, to FTG Circuits. The deal is worth $9.3M in cash. According to Teledyne, Teledyne PCT has generated $15.0 to $20.0M in annual revenues for each of the last three years. Teledyne PCT develops rigid-flex printed circuit boards and assemblies, used in the defense, aerospace, and oil and gas industries....Continue →

     
  • Thursday, May 5, 2016

    AirMap Launches iOS App For Drone Operators

    Santa Monica-based AirMap, which provides airspace information and services for unmanned aircraft operators, has released a new, iOS app, which lets operators access a wealth of information about airports, airspace advisories, and more....Continue →

     
  • Thursday, May 5, 2016

    Lightcrest Rolls Out Hybrid Cloud Service

    Los Angeles-based Lightcrest, a provider of cloud computing software, said it has rolled out a new, hybrid cloud computing platform it calls Kahu. According to the company, its Kahu Compute Fabric provides both a hardware and software stack, which it says is more efficient than both public cloud and virtualization products, and lets users manage their compute, storage, and networking, including through a REST API....Continue →

     
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