TOP NEWS

Newegg Links With Chinese Payment Service PingPong

Los Angeles-based online electronics retailer Newegg said this morning that it has linked with PingPong, a provider of secure payment services for Chinese sellers, to help make it easier for its Chinese sellers to collect payments from customers. Financial details of the link were not announced. The two said that PingPong's payment service helps Chinese sellers overcome the challenges of cross-border online sales....Continue →


Heron Therapeutics Names CFO

San Diego-based Heron Therpaeutics, a biotechnology firm developing treatments for pain, has named Robert E. Hoffman as its Chief Financial Officer and Senior, Vice President, Finance. Hoffman was recently serving as EVP and CFO of Innovus Pharmaceuticals for the last eight months, and also was recently CFO of AnaptysBio. Hoffman also has been at Arena Pharmaceuticals and Polaris Group, and is on the board of CombiMatrix, Kura Oncology, and MabVax Therapeutic Holdings....Continue →


New App, JobFlare, Looks To Sharpen Your Brain--And Maybe Get You A Job

A new app, JobFlare, developed by Los Angeles-based Criteria Corp., is hoping to tap into the enthusiasm of consumers for games--which just might attract employers. According to Criteria, which has been offering up pre-employment testing services to employers since 2006, its new cam allows job seekers to play a set of six, 90-second brain games, which it says are "scientifically crafted" to test key talents and cognitive abilities....Continue →


Soylent Recalls Powder, Again

Los Angeles-based food alternative firm Soylent has issued another recall of its Soylent Powder, after it found that its Soylent 1.8 Powder may have accidentally included milk in the product. The company said that a "small amount" of whey powder may have been incorporated into one production lot of Soylent 1....Continue →


Influential Names New CFO, COO

Los Angeles-based influencer marketing software developer Influential says it has named Michael Lin as its new dual CFO and COO. Lin was previously CFO at Mavenlink and Cake, and also served at Gehry Technologies and Fast Search and Transfer. The company said that Lin will play a "vital role" in its growth, directing financial strategy, business planning, and operations....Continue →


Hot On Heels Of DogVacay Buy, Rover.com Launches National Ad Push

Pet sitting and dog walking marketplace operator Rover.com--which just acquired Santa Monica-based DogVacay last month--has has launched a big re-branding as "The Dog People", in its first, national advertising campaign. Rover.com said the move is a result of its recent acquisitino of dog sitting network DogVacay. Rover.com says it the new campaign is the biggest media investment that it has made to date, with a planned spending of $4.5 million in marketing this year. Rover....Continue →


Precellerator Names Sixth Class

Santa Monica-based The Preccelerator Program, which is run by Stubbs Alderton & Markiles, LLP, has announced its sixth class, saying it has added five startups to its startup accelerator program. The accelerator said it has added Animate Objects (AR/VR technology); RentSpree (apartment rental applications); Tapp That App (mobile app discovery); Ca$het (product placement in TV shows and movies); and Swoppit (social marketplace for fashion) to the program....Continue →


MakeSpace Raises $30M More For On Demand Storage To Expand In LA

MakeSpace, a provider of "on-demand" self storage in Los Angeles, new York City, Chicago, and Washington D.C., has raised $30M in a funding round, from 8VC and Upfront Ventures. MakeSpace is led by Sam Rosen. According to the company, the funding will go towards building outs its operations in Los Angeles as well as its other cities. MakeSpace picks up items from people for storage, on a bin-by-bin basis, and also has mobile apps which lets people see what is in those bins....Continue →


Inseego Resets Effort To Gain Approval For MiFi Sale, Again

San Diego-based Inseego--the company once known as Novatel Wireless--along with Jade Ocean Global Limited, which is a subsidiary of T.C.L. Industries Holdings, say they once again have withdrawn their request for regulatory approval from the Committee on Foreign Investment in the United States (CFIUS). The firms said that the withdrawal, and immediate re-filing, of its request, is intended to provide additional time to provide a "definitive mitigation agreement" for approval from CFIUS....Continue →


Ozobot Boosts Executive Team

Redondo Beach-based Ozobot, which develops educational robotics products, says that it has named Joby Otero as its Chief Product Officer, and Kim Salzer as Chief Marketing Officer. Otero was most recently Chief Creative Officer at Anki, and Salzer was most recently Chief Marketing Officer at Hyperloop One. Both also had served at Activision. Ozobot is backed by Tribeca Ventures, and recently raised $3M in a Series A funding....Continue →


Neural Analytics Expands In Europe

Los Angeles-based medical device developer Neural Analytics, which makes a medical device used to track and measure brain health, has opened up a new office in Hamburg, Germany. The company said it the new office will help it provide its technology to European clinicians and patients. Lucid's ultrasound system is designed for measuring and displaying cerebral blood flow velocities and monitoring of patients with brain disorders.Continue →


Qualcomm Signs Patent License With Firm In India

San Diego-based Qualcomm announced on Sunday that it has signed a 3G and 4G patent license agreement with Smartron India Private Limited, which will allow Smartron to develop, manufacture and sell WCDMA, CDMA2000, and 4G LTE devices. Financial details of the patent deal were not announced. The two also said they will "strategically collaborate" on early technology access and advancements in RF, camera testing and tuning and other critical calibrations required for smart devices....Continue →



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