Tuesday, September 3, 2013eGood Gets $3M In Seed FundingGlendora-based eGood, a startup developing a social giving platform, said today that it has raised $3M in a seed funding round. The funding came from Wolfgang Buehler, and angel investor. According to eGood, it is using the funding to develop its mobile and in-store check-in platform. The startup is led by Zack Swire. eGood's platform let users check into local stores, allowing a percentage of their purchases to go towards the charities they support. eGood's site also lets users look for local b (More info...)
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ReachLocal Loses CEO, FounderIn a huge shift, Zorik Gordon, the CEO and founder of Woodland Hills-based ReachLocal, has resigned, the company said this morning, and the company has launched a search for a new CEO. ReachLocal, which provides online advertising services to small and medium sized businesses, said that Gordon has resigned both as CEO and member of the company's board. According to ReachLocal, Gordon has resigned to "pursue other entrepreneurial opportunities".
In the meantime, the company said that Chairman (More info...)
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Fate Therapeutics Sets IPO RangeSan Diego-based Fate Therapeutics, which develops stem cell technology, said today in a regulatory filing that it is looking to sell 4,000,000 shares of its common stock at between $14.00 and $16.00 per share. The firm said it hopes to trade on the NASDAQ Global Market as FATE. Fate Therapeutics is venture backed by ARCH Venture Partners, Polaris Partners, Venrock, and OVP Venture Partners.
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Sonendo Gets FDA ClearanceLaguna Hills-based ultrasonic cleaning device developer Sonendo announced this morning that it has received clearance from the FDA, for use of its products in root canal therapy. Sonendo, which is venture backed by OrbiMed Advisors LLC, Themes Investment Partners, Fjord Ventures, and NeoMed Management, said it has received 510(k) clearance from the FDA for its device, which it plans to launch in 2014. Sonendo said the clearance allows it to market the new medical device within the United States. (More info...)
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ServiceNow Customer Wins Award In AustraliaEnterprise IT cloud sofwtare developer ServiceNow reports this morning that one of its customers has scored a big award in Australia. According to ServiceNow, Orica, a provider of
commercial explosives and blasting systems to the mining and infrastructure markets, just received the ITSM Project of the Year Award from IT Service Management Forum (itSMF) Australia, for its user of ServiceNOw's software-as-a-service. Orica has 15,000 employees. ServiceNow said Orica is using its product to improv (More info...)
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Teledyne Completes CETAC Technologies BuyThousand Oaks-based Teledyne Technologies said late Friday that it has completed its acquisition of CETAC Technologies, a developer of sample handling and sample introduction equipment for laboratory instrumentation. Financial terms of the acquisition have not been announced. CETAC's products are used for sample automation for elemental and chemical analysis systems. Teledyne is a diversified company with software, aerospace and defense electronics, engineered systems, and digital imaging and in (More info...)
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Condusiv Technologies Expands Distribution To PeruBurbank-based software maker Condusiv Technologies, which develops disk drive optimization software, said today that it has extended the distribution of its products to Peru. The company said the expansion comes thanks to a deal with technology distrbutor Ingram Micro. Condusiv is currently targeting its optimization software at the enterprise market and customers using virtualization.
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ICS Mobile Links With Talent Agency On App DiscoveryA local, Santa Monica-based company, ICS Mobile, which promotes mobile apps, said last week that it has linked with talent agency ICM Partners to use celebrities to help drive users to new apps. ICS Mobile, which runs FreeAppADay.com, said that the partnership will use "A-list talent" from film, television, music, sports and publishing industries, to launch a new app called the AppXChange platform. Financial details of the link were not disclosed. The two did not detail other aspects of the part (More info...)
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