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Monday, February 8, 2016

SpaceX Targeting Feb 24th For Next Launch

Monday, February 8, 2016

Hawthorne, California-based SpaceX, the Los Angeles area rocket launch company, looks to be targeting its next launch for February 24th, according to client SES. SES--which operates a fleet of telecommunications satellites--said it is hoping to launch its SES-9 telecommunications satellite on a SpaceX Falcon on February 24th, after delays to the SpaceX launch schedule last year due to a launch failure. The new satellite is being built locally in El Segundo at Boeing Space and Intelligence Systems, which is just down the road from SpaceX. The SES satellite is being used for broadcasting in Northeast Asia, South Asia & Indonesia, plus for maritime communications in the Indian Ocean.

 
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Uber Driver Arrested For DUI In Simi Valley After Super Bowl

Monday, February 8, 2016

A few Simi Valley Uber riders may have gotten more of a ride than they expected on Sunday evening, after an Uber driver was arrested by the Simi Valley Police Department, and charged with driving under the influence. According to the department, Robert Wing, 46, of Simi Valley, was arrestd after he was observed slowing down for a green light by an officer on patrol, and was found to have a .25% blood alcohol level. Wing allegedly told the officer he'd already driven two to three other fares before being arrested, after watching the Super Bowl at a local bar. It's unknown if any of the riders in Wing's Uber had taken advantage of free ride codes from local Honda dealers on UberX, intended to reduce the amount of drunk driving after the Super Bowl.

 
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CytRx Raises $40M Via Term Loan

Monday, February 8, 2016

Los Angeles-based biopharmaceuticals developer CytRx said this morning that it has raised $40M via a long term, loan facility. The financing came from Herculus Technology Growth Capital and Hercules Technology III, L.P. The 48-month term loan has an interest rate of 9.5% per annum, subject to the variability of the prime interest rate. CytRx said it has drawn $25M in financing under the loan, and will be allowed to pull the remaining$15M after December 31st of 2016, based on clinical trial milestones. CytRx is led by Steven A. Kriegsman.

 
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Zirx Shifts Parking Service Away From Consumer Market

Monday, February 8, 2016

On-demand parking service Zirx is shutting down its on-demand, consumer parking service, which it had launched into Los Angeles in November of 2014, and is focusing instead on its enterprise business. The company said it the consumer business was a "very difficult business to scale" and even harder to "scale to great profitability", and that it will officially shut its consumer business on February 29th. Zirx began offering up valet parking for employees of businesses in September of 2015.

 
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Kingston Digital Acquires IronKey

Monday, February 8, 2016

Fountain Valley-based Kingston Digital said this morning that it has acquired the USB technology and assets of IronKey, from Imation Corp.. Financial terms of the acquisition were not disclosed. IronKey, which develops encrypted USB flash drives, has been part of Imation since 2011. Kingston Digital, the flash memory arm of Kingston Technology, said the acquisition will help it provide a more comprehensive portfolio of products and services to its customers. Kingston is already a major provider of encrypted USB flash drives. Imation acquired IronKey in an asset deal in September of 2011.

 
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Dollar Shave Club Makes Super Bowl Debut

Monday, February 8, 2016

Los Angeles-based Dollar Shave Club made its Super Bowl advertising debut on Sunday afternoon, during the Super Bowl 50 broadcast, went head to head against Schick in running advertising on the big game. Dollar Shave Club appears to have been Southern California's only startup debuting as a national Super Bowl advertiser. Advertisers during the football game spent between $4.6M and $5.0M for their spots this year. Regionally, Southern California's Honda dealers offered up an UberX ride, for free for two hours after the game, in an attempt to curb drunk driving, and ads from Santa Monica-based The Honest Co. were seen locally, although apparently not as part of the official Super Bowl advertising lineup.

 
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Glaukos Launches Sales Efforts In Australia

Monday, February 8, 2016

Laguna Hills-based medical device maker Glaukos said this morning that it has launched direct sales in Australia of its iStent inject Trabecular Micro-Bypass Stent. According to the company, it has established a direct sales organization in the country, which has been approved by the Australian Therapeutics Goods Administration. The company's devices are used for treating glaucoma.

 
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Soraa Deploys LED Lighting In Taiwan

Monday, February 8, 2016

Gallium nitride LED technology developer Soraa, which has an R&D center in Goleta, has deployed its lighting technology in Taipei, Taiwan, at a high end boxing center. Soraa said its LED lamps were installed at the Boxing Plus Wellness Center in Taipei, to help light the interior of the facility. Financial impact of the win were not disclosed. Soraa is a spinout of UB Santa Barbara, and is developing highly efficient LED lamps.

 
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-- Content Strategies & Editorial Calendar Management
-- Marketing Automation Systems and Administration
-- Channel Program Development
-- Web Site Design & Development
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-- Whitepaper Authoring and Syndication
-- Social Media Marketing

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TechCXO - Los Angeles

TechCXO is a professional services firm that provides experienced,
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services for technology companies. We answer your critical issues
around obtaining capital, increasing revenue, entering new markets and
improving margins. TechCXO partners combine practical experience,
comprehensive resources and best practices to deliver objective,
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For TechCXO Los Angeles, please contact:

Tim Noonan
Managing Partner, LA Region
TechCXO
(805)290-3720
tim.noonan@techcxo.com


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Stradling

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Early Stage Commercial Insurance - Pacific Unified Insurance Agency

We are a commercial insurance broker working with startup and early
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Contact:

John Huttinger, CIC, CRM
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Recurring Revenue Conference 2016 - February 23rd, LA

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the Recurring Revenue Conference, 8-5pm with cocktail reception after.
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Friday, February 5, 2016

Pakedge Device and Software Acquired For $32.7M By Control4

Friday, February 5, 2016

Pakedge Device & Software, a provider of home and business networking products and services, has been acquired by Control4 in a $32.7M deal, the companies said this week. Pakedge has offices in Huntington Beach. Control4 said that the acquisition will help it expand its networking, power management, and cloud-based remote management capabilities. Pakedge had approximately $18.5M in sales in 2015, and had been led by Victor Pak and Dusan Jankov. The company's offices were split between Huntington Beach and Hayward, California.

 
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Report: Honest Co. Prepping For IPO, Hires Bankers

Friday, February 5, 2016

A report Friday from Bloomberg says that Los Angeles-based Honest Co. is prepping for an IPO, and has hired a set of investment bankers for the effort. Bloomberg--citing "people familiar with the matter"--said Honest Co. has hired Goldman Sachs and Morgan Stanley to head up the IPO effort. Honest Co. is led by LA startup veteran Brian Lee, and was co-founded by Jessica Alba. The report says that Honest Co.'s latest funding round valued the company at around $1.7 billion. The report is the first that confirms the company's entry into the ranks of technology startup unicorns. The Honest Co. is venture backed by Glade Brook Capital Partners LLC, AllianceBernstein L.P. (AB), Fidelity Management & Research Company, Wellington Management Company LLP and Institutional Venture Partners.

 
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WiSilica Connects With $3M For Bluetooth Technology

Friday, February 5, 2016

Aliso Viejo-based WiSilica, a developer of Bluetooth Low Energy (BLE) hardware and software, has raised $3.35M in a Series A funding, according to the company. The funding was led by FirstFloor Capital, and also included Anchor Asia Management, Aurotek and angels. WiSilica said it will use the funding to expand its product team, which currently includes 50 people in Southern California and India. WiSilica is led by Suresh Singamsetty.

 
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Wevr Finds $25M For Virtual Reality Studio, Network

Friday, February 5, 2016

Venice, California-based Wevr has raised $25M in a funding round, for the company's virtual reality studio efforts, the company announced Friday. The funding came from strategic investors, including TC, Samsung Ventures, Evolution Media Partners, Madison Wells Media (Gigi Pritzker/Clint Kisker), Orange Digital Ventures, Digital Garage (Joi Ito), AME Cloud Ventures (Jerry Yang), Boldstart Ventures, Scott McNealy and Ross Levinsohn. WEVR is developing a content network specifically focused on virtual reality, which lets creators publish their work for access via such headsets as Google Cardboard, Samsung Gear VR, HTC Vive, Oculus VR. WEVR is led by VR content veteran Neville Spiteri.

 
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Disney Accelerator Returns For Third Year

Friday, February 5, 2016

The Walt Disney Company said Thursday that it will run its startup accelerator program, the Disney Accelerator, for the third year, with applications for the next session due on April 10th. According to Disney, the three month mentorship and investment program will run through the summer, with a Demo Day in October. The program, which is run in Burbank, includes both early and venture-backed startups in the area of media and entertainment. The biggest success so far out of earlier programs has been Boulder, Colorado-based Sphero, which--due to its participation in the accelerator program--ended up developing the Star Wars BB-8 robot toy, which was one of this season's most popular toys. Disney has applied a lot of corporate resources to companies in its accelerator, lending serious brand assets and marketing power to products coming from its accelerator companies, in addition to access to Disney mentors and other resources.

 
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Represent Acquired By CustomInk For Around $100M

Friday, February 5, 2016

Los Angeles-based Represent, a social commerce startup which helps influencers and celebrities sell T-shirts and merchandise to their fans, has been acquired by custom T-shirt site CustomInk. Financial terms of the acquisition were not announced, however, reports place the acquisition at around $100M. Represent was venture backed by Ashton Kutcher and Guy Oseary of Sound Ventures, James Franco, and WME/IMG. The startup was lauched in May of 2014, and was founded by Bryan Baum, Leo Seigal and Andrej Pancik, who had met as students at Oxford University. Represent helped actors, musicians, celebrities, Youtubers, and others run social media campaigns centered around selling t-shirts and merchandise.

 
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Make In LA Names Second Hardware Accelerator Class

Friday, February 5, 2016

Make In LA, a hardware-focused startup accelerator and mentorship program, said this week that it has selected a second class of startup for its four month accelerator program. The accelerator said it has selected Canviz (connected LCD photo canvas); Emerge (touch sensitive communications hardware); Luma Legacy (connected, smart bracelets); and Rufus Labs (wireless wrist communicator) to the program. Make In LA said the four companies were selected from a pool of 112 applications for across 24 countries. The participants will receive up to $150,000 in investment capital, mentoring, and access to a prototype lab. Make In LA's program is managed by Shaun Arora and Noramay Cadena. This next class has its Demo Day on June 28th.

 
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AirMap Adds Security Experts

Friday, February 5, 2016

Santa Monica-based AirMap, a startup developing airspace mapping services for drones, has added two security experts to the company. AirMap said it has named Jared Ablon as its new Chief Information Security Officer (CISO), and named Lieutenant General Thomas G. McInerney (USAF Ret.) to the company's Board of Advisors. Ablon was previously at MITRE Corporation, where he worked on next generation GPS navigation systems for a number of U.S. Air Force programs, and also served at the U.S. Dapartment of Defense. AirMap is developing an airspace mapping database, which is accessible via API on drones, including those made by DJI and 3DRobotics.

 
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OpenX Touts Success At Purch

Friday, February 5, 2016

Los Angeles-based advertising technology provider and marketplace operator OpenX says that it has expanded a partnership it has with publisher Purch--owner of Tom's Guide, Top Ten Reviews and ShopSavvy. According to the two, they have integrated OpenX's header bidding solution into Purch's monetization efforts and applied the efforts of OpenX yield analysts at Purch. Purch said the move has helped it see a 400 percent lift in monthly revenue from OpenX's software, due to help from OpenX's yield analysts.

 
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Clippers vs. Golden State Warriors with KeyInfo and HPE - Feb 20th

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Binary Pulse Technology Marketing

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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


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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
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Safire Partners Executive Search

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Binary Pulse Technology Marketing

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-- Content Strategies & Editorial Calendar Management
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-- Channel Program Development
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-- Video Production and Marketing
-- Whitepaper Authoring and Syndication
-- Social Media Marketing

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Thursday, February 4, 2016

Connectifier Acquired By LinkedIn

Thursday, February 4, 2016

Costa Mesa-based Connectifier, the artificial intelligence software developer led by John Jersin, has been acquired by LinkedIn, the companies said Thursday afternoon. Financial terms of the buy were not disclosed. Connectifier was developing automated software to help companies with their recruiting, and had raised around $12.0M in funding from such investors as Galeo Ventures, Goldcrest Investments, Okapi Venture Capital, and True Ventures. Connectifier's angel investors also included Sean Ellis, Andrew Chen, Jonathan Downey, and James Hong. In a loss for Orange County's technology industry, Connectifier said that much of its team is relocating to the Bay Area as part of the acquisition.

 
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Snapchat Theme Drives New Playboy Issue

Thursday, February 4, 2016

In a bid for a new generation of readers, Playboy, the men's magazine best known for its long history of nude photo pictorials of women, has launched a new "non-nude" era of the publication, with a Snapchat-like front cover. The magazine said its cover--which features Instagram celebrity Sarah McDaniel--was deliberately designed to look like Snapchat, and a collection of selfie-style photos which the magazine says provides a "more intimate experience" for readers. Playboy said a few months ago that its first, non-nude issue would be its March issue. Snapchat--although now pretty much a mainstream tool for instant messaging and communications--had an early, controversial use case with users who were sharing sexts on the service due to the "disappearing" snaps. Snapchat is based in Venice, California.

 
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Nomadix Gets Patent Win

Thursday, February 4, 2016

Agoura Hills-based Internet access gateway maker Nomadix says that it has received a win in a federal court, saying that Blueprint RF has infringed upon one of the company's patents. The summary judgement was made by Judge Dean D. Pregerson, U.S. District Court judge for the Central District of California, and stems from a patent infringment lawsuit filed by Nomadix in October of 2014, covering the idea of a "portal page" which users land on when first connecting to a network, particularly in hotels. The patent owned by Nomadix is U.S. Patent No. 8,156,246.

 
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Power Supply Scoops Up $5M In Seed Funding

Thursday, February 4, 2016

Power Supply, a food startup which provides weekly menus from chefs to local customers for pickup at local locations and gyms, has raised $5M in a seed funding, the company disclosed Wednesday. The funding came from Upfront Ventures. The company offers up a weekly set of meals from local chefs, to customers in San Francisco, Los Angeles, and Washington, D.C. The company's pickup locations in Santa Monica, for example, include Blank Spaces and CrossFit Santa Monica.

 
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Tribogenics Gets Funding From Nikon

Thursday, February 4, 2016

Los Angeles-based Tribogenics, which is developing handheld, X-ray technology, has scored a strategic investment from Nikon, via its subsidiary, Nikon Americas Inc. Size of the investment was not announced. According to Tribogenics, the funds goes towards commercialization of its handheld XRF analyzer products, which allow X-rays to be taken from a small, handheld device. Tribogenics is a spinout of technology originally developed at the University of California, Los Angeles (UCLA). The deal also included joint technology, business and marketing development programs. Tribogenics is led by Dale Fox, and is initially targeting its devices for use in non-destructive testing (NDT) and PMI of metals and alloys, although the technology has potential in other scientific, security, and even medical applications.

 
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Hortau Raises $10M For Irrigation Management Systems

Thursday, February 4, 2016

San Luis Obispo-based Hortau, a developer of commercial, irrigation management systems, has raised $10M in a financing round. The funding was led by Advantage Capital Agribusiness Partners, LP (ACAP) and also included BDC Capital, Avrio Ventures LP II and Capital regional et cooperatif Desjardins. Hortau, which is led by Jocelyn Boudreau, uses wireless soil monitors in farm fields to more accurately measure plant stress and water levels, and adjusts watering of those fields to optimum levels. The company was founded in 2002.

 
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Aira.IO Finds $2.5M To Assist The Blind

Thursday, February 4, 2016

San Diego-based Aira.IO, a developer of assistive technology aimed at helping the blind and visually impaired, has raised $2.5M in a Series A funding, the company said this morning. The funding was led by Lux Capital and ARCH Venture Partners, and also included Felicis Ventures, Larry Bock, Scott Belsky, and a number of other angels. Aira.IO's co-founder and CEO is Suman Kanuganti. The company's software uses smart glasses like Google Glass and Vuzix to help users identify things in their environment, and taps a network of human "agents" who also can assist users virtually. The funding comes on top of an earlier, $800K in seed funding raised by the company in October.

 
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OpenMethods Connects With $5M For Contact Center Integration Software

Thursday, February 4, 2016

Los Angeles-based OpenMethods, a developer of software for the contact center and telephony market, has raised $5M in a funding round, according to the company. The funding came from Kayne NewRoad Ventures Fund II, which is jointly run by Kayne Anderson Capital Advisors and NewRoad Capital Partners. OpenMethods is led by Gerrit Lydecker. The company's software connects the Oracle Service Cloud software, Oracle's CRM suite, with telephony software from Genesys, Cisco, Avaya, and Interactive Intelligence.

 
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Zeeto Expands In New York

Thursday, February 4, 2016

San Diego-based software developer Zeeto, a developer of online advertising software, said it has expanded to the East Coast, and opened up a New York City office. Zeeto said the new office will include both engineers and support staff. The new offices in in the Union Square district. Zeeto is led by Stephan Goss, and develops software to manage advertisements on websites using a method it calls "registration marketing".

 
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Advertisement

Clippers vs. Golden State Warriors with KeyInfo and HPE - Feb 20th

Clippers vs. Golden State Warriors with KeyInfo and HPE
The Staples Center | Los Angeles, CA

Reserve your seat today for the marquee match-up of the 2016 NBA season
and a special presentation on HPE Synergy - a new category of
infrastructure designed to accelerate application delivery in both
traditional and new IT environments.

Register today at: http://bit.ly/1nB2RQr


Advertisement

Recurring Revenue Conference 2016 - February 23rd, LA

Presented by Clear Capital Advisors. Join local entrepreneurs, SaaS
innovators, leading VCs, private equity/angel investors February 23 at
the Recurring Revenue Conference, 8-5pm with cocktail reception after.
Panel discussions include: The Big Impact of Big Data; SoCal Rockstars
You Don’t Know –But Will; Cybersecurity: The Shadow Under the Cloud; The
Analytics that Drive Your Venture’s Valuation.

Register and use PROMO CODE: SocalTECH100off for $100 off ticket price.
Register today! http://www.recurringrevenueconference.com

Questions? Contact: nh@clearcapitaladvisors.com


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TechCXO - Los Angeles

TechCXO is a professional services firm that provides experienced,
C-Suite professionals to deliver strategic and functional consulting
services for technology companies. We answer your critical issues
around obtaining capital, increasing revenue, entering new markets and
improving margins. TechCXO partners combine practical experience,
comprehensive resources and best practices to deliver objective,
high-value results.

For TechCXO Los Angeles, please contact:

Tim Noonan
Managing Partner, LA Region
TechCXO
(805)290-3720
tim.noonan@techcxo.com


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Early Stage Commercial Insurance - Pacific Unified Insurance Agency

We are a commercial insurance broker working with startup and early
stage technology and E-Commerce companies to implement cost effective
strategies for their insurance and risk management programs. We
provide guidance and strategic planning during various phases and also
advise regarding employee benefit structures to assist in employee
recruiting and retention. Coverage placements include D&O, Property,
Liability, Workers Comp, E&O, Cyber/Network Security and Employee
Benefit Programs.

Contact:

John Huttinger, CIC, CRM
Vice President
Ph#310-370-5000 Ext 3025 w Fx 310-370-5454
johnhuttinger@pacificunified.com


Advertisement

Recurring Revenue Conference 2016 - February 23rd, LA

Presented by Clear Capital Advisors. Join local entrepreneurs, SaaS
innovators, leading VCs, private equity/angel investors February 23 at
the Recurring Revenue Conference, 8-5pm with cocktail reception after.
Panel discussions include: The Big Impact of Big Data; SoCal Rockstars
You Don’t Know –But Will; Cybersecurity: The Shadow Under the Cloud; The
Analytics that Drive Your Venture’s Valuation.

Register and use PROMO CODE: SocalTECH100off for $100 off ticket price.
Register today! http://www.recurringrevenueconference.com

Questions? Contact: nh@clearcapitaladvisors.com


Wednesday, February 3, 2016

Los Angeles Has 5 Percent Of All Unicorns, Says Report

Wednesday, February 3, 2016

Los Angeles has 8 percent of all the "unicorn" companies globally, according to a new study released Wednesday by the University of Southern California's Marshall School of Business. According to USC Marshall, it tallied up the numebr of startup companies with $1 billion valuations, as a measure of business activity, and found that Silicon Valley had 39 percent of Unicorns, followed by New York (9%), Beijing (6%), Los Angeles (5%), Boston (4%) and Shanghai (3%). The study's authors said that "Unicorns" in a country or region signals the creation of new wealth, embodies radical innovation, and the potential for disruptive market change. The school said the study companies as a unicorn if they exceeded a value of $1 billion during any month between January 2014 and the end of 2015.

 
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Kurion Acquired For $350M

Wednesday, February 3, 2016

Irvine-based nuclear waste remediation technology developer Kurion has been acquired by French company Veolia, in a deal worth $350M, the two companies said today, in a big exit for Kurion's venture backers. Kurion--which rose to prominence after being tapped to clean up radioactive water at the Fukushima Daiichi nuclear reactor in Japan in 2011--was venture backed by Firelake Capital,
Lux Capital, and Acadia Woods Partners, and raised somewhat less than $5M in total funding. Kurion was a spinout of Oak Ridge National Laboratory.

 
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The Young Turks Sees Iowa Viewer Surge

Wednesday, February 3, 2016

Los Angeles-based political news site The Young Turks says that it saw record ratings for its live coverage of the Iowa Caucases earlier this week. The online news and politics show said it saw 256,000 unique views over the course of its seven hours of live coverage, which was the largest audience ever for a live broadcast for the company. The broadcast featured founder Cenk Uygur, plus Ana Kasparian, John Iadarola, Ben Mankiewicz, Jimmy Dore and Jordan Chariton. The Young Turks says it has been running its daily live streaming show for ten years; the show has a particularly strong following among millennials.

 
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The Bouqs Company Finds $12M For Flower Delivery

Wednesday, February 3, 2016

Venice, California-based The Bouqs Company, the direct, cut-to-order flower delivery provider led by John Tabis, is announcing today that it has raised $12M in a Series B funding. The funding brings the company's total raised to $20M. The Bouqs said the funding came from Quest Venture Partners, Azure Capital Partners and KEC Ventures, along with Enspire Capital and Draper Associates. The new funding will go towards its supply chain, expanding its farm and florist networks, to grow its team, and to launch a new, native app. The startup recently started working with local florists, offering up not just flowers but also custom-designed floral arrangements. The Bouqs has just under 40 employees, with about 30 in Los Angeles, 5 in South America, and others across the U.S., according to CEO Tabis.

 
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Citrix Moves Closer To Split Of GoTo Product Line

Wednesday, February 3, 2016

Citrix Systems is moving closer to a spinout of its GoTo product line this week, saying that it has named Kevin Parker, co-founder and senior operating principal at Bridge Growth Partners as Chairman of a soon-to-be-formed company specifically encompassing the Citrix "GoTo" product line. Those products--most of which are developed in Santa Barbara--will be split out from Citrix in late 2016, according to the company. Citrix has been looking to sell the GoTo product line since last year, after it failed to sell the entire company as a single entity. Citrix said in July of 2015 that it had begun a look at "strategic alternatives" to its GoTo line of products, and decided in November that it would instead spin out the product line to its own, publicly traded entity. That new entity will contain GoToAssist, GoToMeeting, GoToMyPC, GoToTraining, GoToWebinar, Grasshopper and OpenVoice--and have approximately $600M in annual revenues. A large chunk of those products can trace their roots back to Santa Barbara's ExpertCity, which was acquired by December of 2003 and became Citrix Online. It's unclear where the new Citrix spinout would be headquartered. The company has had around 600 or so employees in the region in recent years working on the GoTo line of products.

 
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5D Robotics Finds $5.5M For Robotics Navigation

Wednesday, February 3, 2016

Carlsbad-based 5D Robotics, a developer of positioning and navigation tools aimed at robot navigation, has raised $5.5M in a seed funding. Names of the seed investors in the company were not disclosed. 5D Robotics said its software uses data from GPS, LIDAR, IMU, odometry, vision, and UWB sensors for far more accurate positioning of vehicles than GPS alone. The company--which is applying its technology from everything from automobiles to unmanned, aerial drones--said its technology is accurate down to the centimeter level. The company is led by CEO David Bruemmer.

 
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mophie Acquired By ZAGG For $100M

Wednesday, February 3, 2016

Tustin-based mophie, the developer of cell phone cases and other mobile accessories, is being acquired by fellow mobile case maker ZAGG, the two said late Tuesday. According to ZAGG, it will pay $100M, plus earn out, for mophie, creating a new mobile accessory company with 2015 net sales of approximately $470M. mophie was led by CEO Daniel Huang. Zagg said that Huang and COO Shawn Dougherty will remain in their current roles throughout the earn out period. The companies did not say how the acquisition would impact mophie's Orange County operations.

 
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LAC Group Gets Private Equity Investment

Wednesday, February 3, 2016

Los Angeles-based LAC Group, a provider of outsourced library, information, and knowledge management services, said today that it has received a private equity investment from TZP Growth Partners I. Size of the investment was not announced. LAC Group, which was founded in 1986, offers up outsourced library services to corporations, government agencies, law firms, financial institutions, and universities. LAC Group said the recapitalization will help it enhance its technology and systems, recruit additional talent, and expand its services. LAC Group is led by Deb Schwarz.

 
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The Gores Group Buys VITAC Corporation

Wednesday, February 3, 2016

Los Angeles-based private equity investor The Gores Group said Tuesday that it has acquired VITAC Corporation, a provider of closed captioning services for the media industry. Financial terms of the acquisition were not announced. VITAC Corporation had been owned by Merrill Corporation, and is based in Canonsburg, PA. Gores said the investment came via its Small Capitalization Partners investment fund.

 
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