TOP NEWS

In Historic First, SpaceX Launches, Returns Rocket From Space, Again

Hawthorne-based SpaceX has accomplished a historic launch, returning a Falcon 9 rocket to space and successfully landing the rocket on its drone ship in the Pacific. SpaceX is the first organization to launch a rocket and refly a orbital booster to space. Elon Musk, in an interview on SpaceX's broadcast of the flight, said that the orbital booster is the most expensive part of a rocket, and will be "a revolution" in spaceflight. Musk said it took SpaceX fifteen years to get to the point....Continue →


SpaceX Launch Expected This Afternoon

SpaceX, the Los Angeles area rocket and spacecraft developer, is hoping to make history this afternoon, with the (re)launch of a SpaceX Falcon rocket. SpaceX's SES-10 mission will launch a commercial communications satellite into Geostationary Transfer Orbit (GTO), using the same first stage of the Falcon 9 used to launch a payload to the International Space Station in April of last year. SpaceX's own webcast of the event starts at 3:27 P.M. PT....Continue →


Broadcom Sells Brocade's Data Center Business To Extreme

Irvine-based Broadcom is selling the data center switching, routing, and analytics business from Brocade Communications Systems, to Extreme Networks, as a part of Broadcom's $5.9 billion acquisition of Brocade. Extreme Networks said this morning that it will pay $55M in cash, including $35M at close and $20M in deferred payments, plus earnout, for the Brocade unit. Broadcom has been working through regulatory approval for its acquisition, which was announced in November of 2016....Continue →


Interview with Ken Brook, On MetaX And How Blockchain Can Save Ad Tech

What's wrong with the online advertising industry? Transparency, fraud, and a lot of other problems--all of which can be fixed, says Ken Brook, the CEO of Los Angeles-based MetaX (www.metaxchain.com), which is using Blockchain--the protocol behind Bitcoin--and applying it to the ad industry. We spoke with Ken to learn more about the company.

What is MetaX?

Ken Brook: MetaX is a development studio, where we build Blockchain-based protocols and decentralized applications....Continue →


Report: Vizio Acquisition By LeEco May Be At Risk

The record, $2 billion acquisition of Irvine-based TV maker Vizio has hit some serious turbulence, with reports saying that the deal may be abandoned or cancelled, due to issues China's recent restriction of moving capital overseas. Those same currency controls have been tamping down sales of mansions in San Gabriel valley to Chinese buyers, and according to local investors have put a serious damper on EB-5 visa investments in both local funds and startups....Continue →


Procore Releases Two New Cloud Products

Carpinteria-based construction software developer Procore Technologies has launched two, brand new cloud-based software products to the market, Procore Construction Financials and Procore Quality & Safety, according to the company. Procore said the new products as part of a new platform it is calling Procore Construction OS, which it says is aimed at creating a frictionless construction process, connecting people, applications, and devices....Continue →


Qualcomm Powers New Samsung Galaxy S8

San Diego-based Qualcomm is powering the newly announced Samsung Galaxy S8, Qualcomm said on Wednesday. Samsung is using Qualcomm's Snapdragon 835 Mobile Platform, according to Qualcomm, which features its Qualcomm TruSignal adaptive antenna tuning technology, an integrated Snapdragon X16 LTE modem, and which is roughly 35 percent smaller and which consumes 25 percent less power than the company's last generation of chips....Continue →


ACADIA Pharmaceuticals Names New Chief Commercial Officer

San Diego-based biopharmaceuticals developer ACADIA Pharmaceuticals announced this morning that it has named Michael J. Yang as the company's new Executive Vice President and Chief Commercial Officer. Yang replaces former Chief Commercial Officer Terrence O. Moore, who the company says is retiring. Yang was previously President of Janssen Biotech, and also had served at Johnson & Johnson, Therakos, Veridex, and Ortho Biotech....Continue →


Arrowroot Capital Aims To Raise $175M In Third Investment Fund

Santa Monica-based Arrowroot Capital, an investment firm focused on investing growth equity in growing software-as-a-service and internet-based businesses, has launched an effort to raise $175M in its third fund, Arrowroot Capital III, LP. The firm, led by managing director Matthew J. Safaii, has made investments in such companies as 4tell, Agilence, EiQ, Embotics, Evergage, Icix, MedNet, ServiceAide, and ZiftSolutions. The firm's second fund closed at the end of 2015, and was worth $50M....Continue →


DogVacay Acquired By Rover

Santa Monica-based online pet sitting marketplace DogVacay and Seattle-based competitor Rover said this morning that the two are merging, with Rover acquiring DogVacay in an all-stock deal. Financial details of the acquisition were not disclosed. Both Rover and DogVacay provide an online marketplace which allows pet owners to find dog- and cat-sitters. DogVacay was venture backed by Omers Ventures, GSV Capital, Science Inc....Continue →


UCSD Spinout Antiva Biosciences Gets $22M

Antiva Biosciences, a U.C. San Diego biopharmaceuticals spinout targeting treatments for pre-cancerous lesions caused by human papilloma virus (HPV) infection, said it has raised $22M in a Series C funding. The funding was led by Brace Pharma Capital, an also included NS Investment, Osage University Partners and Alexandria Venture Investments, plus Canaan Partners and Sofinnova Ventures. Vinzenz Ploerer of Brace Pharma has joined the company's board with the new funding....Continue →


Babies"R"Us Ties With The Honest Company In Product Partnership

Los Angeles-based, eco-friendly baby products company The Honest Company, and retailer Babies"R"Us are in a a new, in-store partnership, where Babies "R"Us will begin carrying The Honest Company's products at its retail stores. Financial details of the partnership were not announced. Babies "R"Us said it will offer up seasonal print diapers, wipes, gift sets, bibs, lotions, sun care and formula plus homecare items, like detergents and cleaning solutions, later this year....Continue →



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