Friday, January 10, 2014Dealstruck Launches New Line Of Credit Product For Small BusinessesSan Diego-based startup Dealstruck, the startup developing an online marketplace to help small businesses find loan funding, has rolled out a new product, saying today that it has launched a new, asset-based line of credit product. The crowdfunding site said the new product lets businesses drawn down funding like a credit card, paying interest only on the amount outstanding, with the ability to pay down their credit loans at any time. The company said its product is aimed at bank lines of credit (More info...)
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Schoolofbookkeeping Looks To Tackle Online Accounting EducationA new, Santa Barbara-based startup, Schoolofbookkeeping.com, launched this week, offering up online courses for bookkeepers, accountants, business owners, and accounting students. The startup's founders include Eric David Greenspan, a serial entrepreneur who previously founded such companies as MakeItWork, along with Seth David. The online site offers up a catalog of online, video courses, around such topics as using QuickBooks and basics of bookkeeping, with an initial course focused on the boo (More info...)
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Atara Biotherapeutics Raises $52MThousand Oaks-based Atara Biotherapeutics announced this morning that it is in a second close of its Series B funding round, bringing its total raised in the funding to $52M. According to Atari Biotherapeutics, the investors in the round included Alexandria Venture Investments, Amgen Ventures, The Baupost Group, Celgene Corporation (Nasdaq: CELG), DAG Ventures, Domain Associates, EcoR1 Capital and Kleiner Perkins Caufield & Byers. Atara is developing a number of biotherapeutics, including a trea (More info...)
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Suneva Medical Gets $35 Million For Aesthetic MedicineSan Diego-based Suneva Medical, which is developing aesthetic medicine products, said late Thursday that it has raised $35M in a funding round. The funding included both debt and equity, and included $20M in a Series B equity financing. That funding was led by Polaris Partners, and also included an affiliate of HealthCare Royalty Partners and the company's other investors. Suneva Medical said the debt portion of the funding was provided by Comerica Bank. As part of the funding, Brian Chee of Pol (More info...)
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IDrive Takes On Long Term Data ArchiveLos Angeles-based cloud storage and backup provider IDrive has launched a new product aimed at long term, data archiving, called IDrive Safe, which revolves around physical hard drives shipped to the company. According to IDrive, its new IDrive Safe data archiving service offers up flat fee data backup for companies, all delivered not via the cloud--but by actually shipping hard drives to consumers and businesses for long term archiving. IDrive said that data is stored offsite, with the ability (More info...)
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RealD Debuts New Technology On The Hobbit: The Desolation of SmaugLos Angeles-based 3D projection technology developer RealD has launched a new image enhancement product and technology, which it is calling TrueImage. RealD said the new product--which provides 2D and 3D image enhancement, and eliminates digital and film capture related artifacts--was first used in the post production of The Hobbit: The Desolation of Smaug. RealD said its new technology provides higher quality imagery in films, which is more detailed and "lifelike". RealD said its technology use (More info...)
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Sorrento Therapeutics Names New ChairmanSan Diego-based Sorrento Therapeutics has named William Marth, the former President and CEO of Teva - Americas, as the company's new Chairman, the company said Thursday. The company, which is developing treatments for cancer, said Marth was behind the acquisition of Cephalon and Barr Pharmaceuticals while he was at Teva, and also has served at Bristol-Myers Squibb, Albany Molecular Research, and other companies. In related news, David R. Webb, Ph.D. has stepped down from the board.
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Amgen Loses CFOThousand Oaks-based biotech giant Amgen said late Thursday that its Executive Vice President and Chief Financial Officer, Jonathan M. Peacock, is leaving the company. According to Amgen, Peacock is leaving to pursue "broader career opportunities". Although Peacock is stepping down as of today, Amgen said he will remain employed by the company until May to assist in a transition. Michael A. Kelly, who has served as Chief Accounting Officer and other financial roles for Amgen, will step in as acti (More info...)
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