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Monday, August 29, 2016

GOAT Gets $5M For Sneaker Marketplace

Monday, August 29, 2016

Los Angeles-based GOAT, a new startup which lets people buy and sell sneakers via a mobile marketplace, said on Monday that it has raised $5M in a funding round. The funding was led by Matrix Partners, and also included Upfront Ventures and Webb Investment Network. Josh Hannah of Matrix Partners joins the company's board with the funding. The company says it has now raised $12.6M in funding. Other investors in the company include Andreessen Horowitz, First Round Capital, NEA, SV Angel and Y Combinator. Eddy Lu is the co-founder and CEO of GOAT.

 
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How Fuhu Went From A Hot, Fast Growing Startup To Train Wreck

Monday, August 29, 2016

Remember Los Angeles-based kids tablet maker Fuhu? The company went from a hot startup--with over $200M in sales and 400 employees--to bankruptcy, in less than two years. The Los Angeles Times dissects the implosion of Fuhu, which once had hoped for an IPO, and was later sold to Mattel for a mere $21.5M out of bankruptcy. Fuhu was once the fastest growing startup in Los Angeles.

 
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OpenX, Meredith Expands Header Bidding Partnership

Monday, August 29, 2016

Los Angeles-based OpenX, the programmatic advertising marketplace operator, said this morning that it has extended a partnership with Meredith Local Media Group. The two said the expansion covers both desktop and mobile peroperties for Meredith Local. Meredith has 17 owned or operated television stations across the U.S., reaching over 12 million U.S. households.

 
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Vroozi Raises $4M For Procurement Software

Monday, August 29, 2016

Los Angeles-based Vroozi, a developer of cloud-based, B2B procurement software, has raised $4M in a funding round, the company said this morning. The funding was led by Ally Holdings. The startup, led by Steve Olds, said the funding will go towards growing its sales organization, as well as for development efforts.

 
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More information » (Subscribers only)

Science Inc. Backs Plowz & Mowz With $1.5M

Monday, August 29, 2016

Los Angeles-based startup studio Science Inc. has backed a startup, Plows & Mowz offering up an on-demand marketplace for snow plowing and lawn care. According to Plowz & Mowz, it has raised $1.5M in a funding round, which came from Science plus undisclosed angels. Plowz & Mowz is based in Syracuse, New York, and is led by Wills Mahoney. The investment is the first one announced since the successful acquisition of Science Inc. portfolio company Dollar Shave Club, and appears to be the first publicly announced investment by Science Inc. since 2015.

 
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Masimo Aims At Zika Virus Market

Monday, August 29, 2016

Irvine-based life sciences equipment maker Masimo, in a bit to drum up business in areas affected by the Zika virus, says it will offer up its continous hemoglobin monitoring (SpHb) products at a discount in areas where the blood supply has been affected by the virus. The company says its equipment has been shown to reduce blood transfusions in both low and high blood loss surgery. Masimo said it will offer up its equipment at a 50% disount in areas specifically affected by the Zika virus. The announcement comes three days after the FDA issued an advisory recommending testing for the Zika virus in all donated blood in the United States, and there have been scattered reports of blood shortages due to concern over blood donations from donors who might have visited Zika affected areas, such as Florida.

 
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Lieberman Software Links With Okta

Monday, August 29, 2016

Los Angeles-based authentication and identity management software developer Lieberman Software announced today that it has integrated its software with authentication software developer Okta. Lieberman's Enterprise Random Password Manager (ERPM) software offers up multi-factor authentication services. Lieberman specifically said it has linked into a password reset and management product from Okta, which helps end users reset their passwords and credentials without the need for help desk assistance.

 
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American LegalNet Wins Customer

Monday, August 29, 2016

Los Angeles-based legal software developer American LegalNet is reporting a new customer win this morning, with law firm Blank Rome LLP. American LegalNet said Blank Rome LLP has purchased its eDockets court-rules-based calendaring and docketing systems software, as well as Docket Direct local/federal court feeds and Smart Dockets court date calculator app. Financial impact of the win was not announced. American LegalNet is led by Erez Bustan.

 
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Technical Connections - Connecting Tech Talent with Premier Clients in SoCal

Technical Connections is Southern California’s premier staffing firm
specializing exclusively in web, software and information technology
professionals. With offices in Los Angeles and Orange County, TCI offers a
full range of services including retained search, contingency placement,
and short- and long-term consulting, to companies ranging from Fortune
100’s to start-ups. http://www.technicalconnections.com


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TriNet - HR Services

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Fastener.io - Connecting Publishers and Solutions

Fastener.io is a digital content publishing consultancy founded in 2013 and
based in Santa Monica serving both publishers and publisher solutions.

http://www.fastener.io


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Introducing KeyCloud

There’s no reason for business operations to suffer due to legacy
technology. Throw it all to the cloud and transform your IT infrastructure
to cloud-based, enterprise level software with KeyCloud.

KeyCloud offers local enterprise cloud with best-of-breed infrastructure.
KeyCloud delivers compute, storage, and network through
Infrastructure-as-a-Service (IaaS). KeyCloud offers highly secure virtual
and dedicated machines in an environment that enables you to run your apps
on our carrier grade datacenter for 99.999 percent uptime. Engineered on a
pool of highly redundant servers and storage, KeyCloud is available in
custom configurations to rapidly respond to your IT needs. These Cloud
services will quickly and dynamically scale as your business needs grow
without ever having to worry about hardware infrastructure again.

To learn more about KeyCloud, visit http://www.keycloud.com or call (818)
737-2186.


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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
-- Corporate and Product Branding
-- 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
call at 949-336-7400.


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Support Our News Coverage - Become A Member Today!

We often get asked--how do we pay for our news coverage and our publishing
efforts? That's simple -- it's a combination of our sponsors and YOU. How
can YOU make sure you continue to get news on Southern California's
technology industry? By becoming a member of socaltech! Not only do you
get to support our news coverage, but you also get access to our big
database of Southern California companies, venture investors, service
providers, and deal information, and many other resources. We are relying
on YOU!

Join today at http://www.socaltech.com/Membership


Friday, August 26, 2016

SpaceX Dragon Splashes Down In Pacific After Successful ISS Mission

Friday, August 26, 2016

NASA said Friday morning that SpaceX's Dragon spacecraft has successfully splashed down at 8:47 a.m. PST, from the International Space Station (ISS), returning more than 3,000 pounds of NASA cargo and science samples from space. The Dragon--which was launched to the ISS as part of the ninth, commercial resupply mission to the ISS--is expected to be delivered to a port near Los Angeles within the next 48 hours. NASA did not say exactly where in Los Angeles the Dragon will dock, although SpaceX has a facility near Long Beach. NASA said that SpaceX's Dragon is the only, space station resupply spacecraft which it says is able to return a "significant amount" of cargo to Earth for the agency. The Dragon has been attached to the ISS for the last month, after it successfully launched supplies into space on the CRS-9 mission.

 
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Interview with Lior Elazary, Invia Robotics

Friday, August 26, 2016

As e-commerce continues to grow, one part of that business, one area continues to be a very difficult area to scale efficiently--the labor intensive, back end warehouse, shipping, and fulfillment operation. Our interview this morning is with Lior Elazary, co-founder and CEO of Agoura-based Invia Robotics (www.inviarobotics.com), who tells us how the company is hoping to make automation and robotics available to even mid-sized e-commerce operators.


What does your robotics system do and how does it work?

Lior Elazary: What we have is a robotics system for the fulfillment industry. What that means, is we're able to take items from a shelf, and transport them to various locations in a warehouse. That allows our customers in e-commerce to be able to take a single item, or one or two from the shelf for delivery to customers. Robotics allows humans to go to the warehouse to concentrate on quality control and other aspects of the businesses.

Where did the technology come from?

Lior Elazary: We started at USC, working on various robotics related products. Most of them were DARPA related, such as the DARPA Grand Challenge, working on autonomous cars and things like that. After USC, I wanted to do a startup robotics company, and looked at various parts of the market to figure out which are right for a robotics solution....

 
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Esri Powers NOAA Water Forecasting Map

Friday, August 26, 2016

Redlands-based mapping technology provider Esri has rolled out a new map of the national water forecast from the NOAA, letting users see real time streamflow data for the continental United States. Esri said its colelction of web maps are based on the NOAA's National Water Model, and is aimed at helping emergency responders, reservoir operators, ecosystem professionals, and floodplain managers by providing detailed information that can anticipate flood and drought conditions. The live maps are updated hourly.

 
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24Hr HomeCare Teams With Uber For Rides For Aging Adults

Friday, August 26, 2016

Laguna Beach-based in-home care provider 24Hr HomeCare said Thursday that it has partnered with Uber, to offer up transportation for aging adults. According to the in-home care provider, it will provide those adults with rides from Uber drivers, who are specially trained by the Open Doors Organization to deal with such things as folded wheelchairs, walkers, and mobility aids, and who might be returning from the hospital. According to 24Hr HomeCare, the new service does not require Uber's mobile app--but is instead coordinated through the care provider via phone and 24Hr's existing RideWith24 service. 24Hr HomeCare had previously offered up similar services using its own vehicles and taxis. 24Hr HomeCare said one of the first deployments of the Uber-driven rides will be with Age Well Senior Services, a 501(c)(3) based in Laguna Hills which serves seniors in Orange County.

 
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Nimbus Data Trumpets Patent

Friday, August 26, 2016

Aliso Viejo-based Nimbus Data, a developer of flash-based storage products for the cloud infrastructure market, said it has received a "new" patent for its deduplication technology. The company said it was granted patent 8,751,763, entitled "Low-overhead Deduplication within Block-based Data Storage". According to the USPTO, the patent was actually granted two years ago on June 10, 2014, and names Karmpudi V. Ramarao as inventor of the patent. The patent had been applied for in 2013. It's unclear why Nimbus Data decided to announced the patent as newly granted. The technology covered in the patent appears to have been acquired by Nimbus Data from another company, XOFlash, which was founded by Ramarao.

 
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Safire Partners Executive Search

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SoCal IP Law Group LLP - Serving the IP Needs of Technology Innovators

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Stradling

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Technical Connections - Connecting Tech Talent with Premier Clients in SoCal

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specializing exclusively in web, software and information technology
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and short- and long-term consulting, to companies ranging from Fortune
100’s to start-ups. http://www.technicalconnections.com


Thursday, August 25, 2016

Amazon.com Challenges SoCal's Automotive Sites With Amazon Vehicles

Thursday, August 25, 2016

E-commerce giant Amazon has made a move into the automotive research area this morning, challenging such local automotive information providers like Santa Monica-based Edmunds.com, Irvine-based Autobytel, Santa Monica-based TrueCar, Irvine-based Kelley Blue Book, plus El Segundo-based CarDirect. Amazon said it has launched a brand new, online car research site which is called Amazon Vehicles, which lets users search for specifications, reviews, images, videos, and more about both new and "classic" cars. Although Amazon.com is not yet offering up pricing information or purchase ability, the move is the first indication that Amazon.com might be considering more offerings in the area of automotive parts and perhaps vehicles themselves. Nearly all of the most popular automotive research sites have been based in Southern California.

 
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Report: Apple Working On Snapchat Clone

Thursday, August 25, 2016

A report, published Thursday by Bloomberg, says that Apple is working on a clone of the software from Venice, California-based Snapchat--in a bid to make a renewed push into the social networking area. The report said that Apple is working on video sharing, editing, and "filter" features within its mobile apps, which could be sent to contacts or to existing social networking sites.

 
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Curology Finds $15M For Prescription Skincare Via Subscription

Thursday, August 25, 2016

San Diego-based Curology, a startup which provides prescription, skincare medications to treat acne and aging, has raised $15M in a Series B funding round. The funding was led by Advance Vixeid Partners, and also included Sherpa Capital and Forerunner ventures. Curology offers up its medications via a monthly subscription, and sells directly to consumers. The company's founder and CEO is David Lortscher, MD. Curology prescribes medications to patients--without an in-person appointment or any need for a hands on examination--by having licensed, medical professionals examine photographs of a consumer's skin.

 
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Incipio Dumped At Altar By Skullcandy

Thursday, August 25, 2016

Irvine-based electronics accessories maker Incipio has been dumped at the altar by Skullcandy, as the companies were about to finalize their acquisition deal, first announced back in June. Incipio--which was about to consummate the deal with Skullcandy, having recently passed antirust review of the acquisition--had offered up approximately $177M for Skullcandy in June. Instead, Skullcandy says it is selling itself to Mill Road Capital, a private equity investor, which says it will pay $6.35 per share in cash, or approximately $196.6M, for the company.

 
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Viking Therapeutics Raises $12.5M In PIPE

Thursday, August 25, 2016

San Diego-based biopharmaceutiacls developer Viking Therapeutics says it has raised $12.5M in a common stock purchase agreement, from Aspire Capital Fund. The company, which is publicly traded on the NASDAQ as VKTX, said the initial purchase came at $1.50 per share, with the remaining $12M to be purchase over the next 30 months at prices based on the market price. Viking Therapeutics is developing treatments for metabolic and endocrine disorders.

 
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Twistory Entertainment Being Sold In Asset Sale

Thursday, August 25, 2016

Santa Monica-based Twistory Entertainment Studios, which had been a mobile game development and graphic novel design company, is being sold in an asset sale, according to auction company CMA Auctions. CMA said that Twistory's assets--including all of its intellectual property and equipment--is being sold through an assignee for the benefit of creditors (or "ABC") sale on Monday, August 29th. Twistory Entertainment was founded in 2009, and had developed Ouch! Couch and other titles. The public auction notice shows a large number of computers, card table, and Makerbot 3D printer are the few bits of the company's carcass being sold to raise money for those creditors--along with the rights to each one of the company's mobile games.

 
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Qualcomm To Power Sustainability Efforts At Petco Park

Thursday, August 25, 2016

San Diego-based Qualcomm is powering a new sustainability management effort at San Diego's Petco Park, the company said yesterday. According to Qualcomm, its subsidiary, Qualcomm Intelligent Solutions, along with OSIsoft LLC, are working with the San Diego Padres to reduce utility and water consumption at the ballpark, using Qualcomm's technology. According to Qualcomm, the San Diego Padres have deployed "edge intelligence gateways" that use its Qualcomm Snapdragon processors, combined with software from OSIsoft, which monitors the utilities at the park in real time. Qualcomm did not detail the financial impact of the win. Qualcomm's hardware is being used to monitor potable, non-potable and chilled water, as well as natural gas and electricity consumption.

 
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to cloud-based, enterprise level software with KeyCloud.

KeyCloud offers local enterprise cloud with best-of-breed infrastructure.
KeyCloud delivers compute, storage, and network through
Infrastructure-as-a-Service (IaaS). KeyCloud offers highly secure virtual
and dedicated machines in an environment that enables you to run your apps
on our carrier grade datacenter for 99.999 percent uptime. Engineered on a
pool of highly redundant servers and storage, KeyCloud is available in
custom configurations to rapidly respond to your IT needs. These Cloud
services will quickly and dynamically scale as your business needs grow
without ever having to worry about hardware infrastructure again.

To learn more about KeyCloud, visit http://www.keycloud.com or call (818)
737-2186.


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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
-- Corporate and Product Branding
-- 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
call at 949-336-7400.


Advertisement

Stradling

Stradling, Attorneys At Law (http://www.sycr.com" rel="nofollow">http://www.sycr.com)

Stradling Yocca Carlson & Rauth (“Stradling”) is a premier business law
firm with over 125 attorneys and 10 offices in the western US. The offices
are: Newport Beach, Santa Barbara, Santa Monica, San Diego, San Francisco -
SOMA, San Francisco - Financial District, Sacramento, Reno, Denver,
Seattle. The Firm’s corporate, litigation and public law practices are
well known for their expertise and depth. Stradling's clients include
emerging and high growth public and private companies as well as private
equity funds, venture capital groups and their respective portfolio
companies. Widely recognized for its expertise, responsiveness and
outstanding client service, the Firm's size, structure, and culture allow
it to provide the highest quality representation while maintaining the
responsiveness and relationships commonly associated with smaller firms.


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Safire Partners Executive Search

Safire Partners is a​ 15-person​​ Los
Angeles-based​ executive search firm built for SoCal​'s
​emerging companies working on ~100 searches per year. Clients cross
over mobile, adtech, media, gaming, software, ecommerce, services, and
consumer products.​ We always want to meet great companies,
investors and executives, please reach out via
http://www.safirepartners.com.


Wednesday, August 24, 2016

Accruent Founder Friedman Steps Away From CEO Role, Shifts To Chairman

Wednesday, August 24, 2016

Real estate management software developer Accruent, which was founded 20 years ago in Los Angeles by Mark Friedman, said today a that Friedman--its CEO for nearly 20 years--is shifting to become Chairman of the board. John Borgerding becomes CEO of the company. Friedman is stepping away from the CEO role four months after the company was acquired by Genstar Capital. Accruent still has offices in Los Angeles, but recently has been headquartered in Austin, Texas. Accruent was founded in 1995.

 
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SpaceX Leasing New Space To Refurbish Rockets

Wednesday, August 24, 2016

Hawthorne-based SpaceX is gearing up to refurbish its growing collection of rocket boosters, and plans to lease a building in Port Canaveral, Florida, for those efforts, according to a report. A local Florida publication says that SpaceX has had to lease more room, as it has been successfully landing Falcon 9 rocket boosters. The company as six of those boosters that have been successfully returned to earth so far in one piece. SpaceX is planning to refurbish and relaunch those boosters, which--if successful--could dramatically cut the already relatively low costs of launching its vehicles into space. The new building in Florida has 52,000 square foot of space for those rocket refurbishment operations. Image: SpaceX's collection of rocket boosters in May, before it started running out of storage space.

 
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Interlink Electronics Names New CFO

Wednesday, August 24, 2016

Westlake Village-based Interlink Electronics said on Wednesday that it has named a new CFO, appointing David S. Burnett to the position. Burnett was previously Vice President and Treasurer at EnPro Industries, and also has served at PricewaterhouseCoopers LLP and Grant Thornton LLP. Interlink Electronics is a developer of force sensing and other hardware.

 
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Digital Domain In VR Production Deal With World Surf League

Wednesday, August 24, 2016

Los Angeles-based studio Digital Domain says it is teaming up with the World Surf League (WSL), to bring immersive, 360 degree, virtual reality content to consumers, the company announced Wednesday morning. According to Digital Domain, it will offer up VR ocnetnt from Billabong Pro Tahiti, with a "virtual beachfront view" of the surf event. Those virtual reality videos will be available on the World Surf League Facebook page. Financial details of the deal were not disclosed. The event is the second Digital Domain has produced with the World Surf League.

 
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REC Solar Taps Energy Industry Vet As CEO

Wednesday, August 24, 2016

San Luis Obispo-based REC Solar, the commercial solar and energy developer, said it has named Matt Walz as its CEO. Walz is a prior executive at Duke Energy, where he was for 12 years. Walz had already been on REC Solar's board of directors, as a result of Duke's investment in REC Solar. Duke Energy acquired a majority interest in REC Solar in 2015, and says it committed to invest up to $225M in projects financed through REC Solar. The company exclusively focuses on installing solar power systems for businesses, although it got its start many years ago in the residential sector. REC Solar sold the consumer side of its business to Sunrun back in 2012.

 
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Disney Movies Anywhere Links With Verizon Fios

Wednesday, August 24, 2016

Burbank-based Walt Disney Studios says it has linked its Disney Movies Anywhere service with Fios by Verizon, allowing Fios users to purchase and access Disney, Pixar, Marvel and Star Wars movies via the service. Financial details of the new distribution relationship were not announced. The two said Fios by Verizon customers can now connect to Disney's digital movie collections, and also can purchase those titles directly via Fios. Disney Movies Anywhere is Disney's digital movie service, which gives digital access to its library of titles. That movie access is typically bundled with Blu Ray and DVD copies of Disney's movies. Disney said it will provide a free, digital copy of Monsters Inc. for members who connect iTunes, Amazon Video, VUDU, Google Play, Microsoft Movies & TV and now Fios by Verizon account to Disney Movies Anywhere before September 7th.

 
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Armorway Becomes Avata Intelligence

Wednesday, August 24, 2016

Los Angeles-based artificial intelligence software developer Armorway says it has renamed itself Avata Intelligence, in a move to broaden its market beyond the physical security domain. According to Avata Intelligence, the company is now applying its software to the areas of public safety & infrastructure, defense, healthcare, global awareness and social impact. Avata is led by Zareh Baghdasarian, and is a spinout of the University of Southern California.

 
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Media.net Acquired For $900M

Wednesday, August 24, 2016

Media.net, an ad-tech company which has offices in Los Angeles, said over the weekend that it has been acquired for $900M by a Chinese consortium led by Starbuster TMT Investments and Beijing Miteno Communication Technology Co. Ltd.. Media.net is headquartered in Dubai, with U.S. headquarters in New York. The company said it has more than 800 employees split across New York, Los Angeles, Dubai, Zurich, Mumbai and Bangalore. The company said the acquisition is the first step to becoming part of Beijing-based Miteno.

 
Continue →

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Support Our News Coverage - Become A Member Today!

We often get asked--how do we pay for our news coverage and our publishing
efforts? That's simple -- it's a combination of our sponsors and YOU. How
can YOU make sure you continue to get news on Southern California's
technology industry? By becoming a member of socaltech! Not only do you
get to support our news coverage, but you also get access to our big
database of Southern California companies, venture investors, service
providers, and deal information, and many other resources. We are relying
on YOU!

Join today at http://www.socaltech.com/Membership


Advertisement

Fastener.io - Connecting Publishers and Solutions

Fastener.io is a digital content publishing consultancy founded in 2013 and
based in Santa Monica serving both publishers and publisher solutions.

http://www.fastener.io


Advertisement

Introducing KeyCloud

There’s no reason for business operations to suffer due to legacy
technology. Throw it all to the cloud and transform your IT infrastructure
to cloud-based, enterprise level software with KeyCloud.

KeyCloud offers local enterprise cloud with best-of-breed infrastructure.
KeyCloud delivers compute, storage, and network through
Infrastructure-as-a-Service (IaaS). KeyCloud offers highly secure virtual
and dedicated machines in an environment that enables you to run your apps
on our carrier grade datacenter for 99.999 percent uptime. Engineered on a
pool of highly redundant servers and storage, KeyCloud is available in
custom configurations to rapidly respond to your IT needs. These Cloud
services will quickly and dynamically scale as your business needs grow
without ever having to worry about hardware infrastructure again.

To learn more about KeyCloud, visit http://www.keycloud.com or call (818)
737-2186.


Advertisement

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
-- Corporate and Product Branding
-- 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
call at 949-336-7400.


Advertisement

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


Advertisement

Find a PR firm in socalTECH's Service Provider Directory

Who are the PR firms most active serving Southern California's technology
industry? Look at socalTECH's Service Provider Directory - ranked by
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Pixelgate.net - Internet Access, Web Hosting, Network Services

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Tuesday, August 23, 2016

Trade Desk Files For IPO

Tuesday, August 23, 2016

Ventura-based Trade Desk has filed for an IPO, saying that it is looking to raised up to $86.25M on an IPO on the NASDAQ Global Market. The company says it has filed to trade as TTD. The advertising technology company is led by Jeff Green. The IPO is being underwritten by Citigroup, Jefferies, RBC Capital Markets, Needham & Company, and Raymond James. The Trade Desk is venture backed by IA Ventures, Founder Collective, Wellington Management, and Highwind, among others. The IPO filing is a huge win for the City of Ventura, and in particular its Ventura Ventures startup incubator, where The Trade Desk got its start. Green is a serial entrepreneur, having sold his last firm, AdECN, to Microsoft.

 
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Veritone Finds $50M For AI Software

Tuesday, August 23, 2016

Newport Beach-based Veritone, which is developing artificial intelligence software used for sentiment analysis for media firms, political campaigns, corporations, and the government, said it has closed on a $50M funding agreement. The funding comes from Acacia Research. According to Veritone, the $50M in working capital includes an initial $20M convertible investment, and contingent investment of $30M based on milestones. Veritone is led by Chad Steelberg, who is best known for selling one of his prior companies, dMarc Broadcasting, to Google. Veritone says it has created an AI platform which can search for objects, faces, license plates, logos, phrases, sentiment, voice identification, translation, in audio and video content.

 
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Skybell Wins Smart Doorbell Deal With Reliant Energy

Tuesday, August 23, 2016

Irvine-based electronics developer Skybell, which develops a Wi-Fi connected, smart doorbell, has scored a big win with Reliant Energy, a provider of energy and home security services in Texas. Reliant said it will start offering up a smart, Wi-Fi Doorbell Camera to its customers, which lets users unlock and lock doors, record live video, two way audio, and more. Reliant's Wi-Fi doorbell is based on Skybell's current products. Financial impact of the win was not disclosed.

 
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Singlera Genomics Raises $20M

Tuesday, August 23, 2016

La Jolla-based Singlera Genomics, a developer of non-invasive genetic testing technology, has raised $20M in a Series A funding, according to the company. The funding was led by Lilly Asia Ventures, and also included Green Pine Capital Partners, CDBI Partners, and others. Singlera, which has operations in both La Jolla and Shanghai, develops single cell sequencing, DNA methylation and bioinformatics technology targeted at tumor diagnosis and personalized treatment, non-invasive prenatal diagnosis and other applications. The copany said it will use the new funding to expand R&D, and to expedite the launch of new product lines. The company's founders are Professor Yuan Gao (Johns Hopkins University), Professor Kun Zhang (University of California at San Diego), Jiangli Zhang (CEO), Qiang Liu (COO), and Dr. Rui Liu (CTO).

 
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RealtyMogul Names Two Executives

Tuesday, August 23, 2016

Los Angeles-based online real estate investing marketplace RealtyMogul.com says it has named two executive, naming Sameer Shamsuddin as Chief Technology Officer and Niall Weintraub as Vice President of Marketing. Shamsuddin was previously at GSI Commerce/eBay Enterprise, most recently as International CTO, and had spent 17 years at the company. Weintraub was most recently at DogVacay, where he was Head of Acquisition Marketing; he also has served at Match.com. The company said the two hires are part of broader growth at the company, including 10 new hires since July.

 
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Cubic Sets Chief Diversity Officer

Tuesday, August 23, 2016

San Diego-based Cubic Corporation says it has named Darryl Albertson as its new Chief Diversity Officer. Albertson has been at the company since September of 2013, serving as Vice President of Corporate Human Resources. According to Cubic, in his new role, Albertson will be supporting and promoting diversity and inclusion initiatives among its customers, suppliers and employees. Albertson has previously served at CareFusion, Cardinal Health, and Pfizer. Cubic is a provider of services to the transportation, defense, and secure communications sectors, including serving the U.S. military and other agencies.

 
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CrowdStrike Sets VP

Tuesday, August 23, 2016

Irvine-based endpoint protection and security developer CrowdStrike said today that it has named Brian Brouillette as its Vice President of Customer Success. Brouillette was previously at Westell, and also served at Hewlett Packard (HP), Juniper, Ixia and NetOptics. CrowdStrike, which is led by security veteran George Kurtz, offers up an endpoint protection platform aimed at stopping breaches and responding to cyberattacks.

 
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