Monday, August 4, 2014SpaceX Selects Texas For Launch FacilityHawthorne-based commercial rocket development firm SpaceX--which is led by tech mogul Elon Musk--is setting up a commercial spaceport in Texas, after a number of incentives offered by the state to attract the firm. SpaceX has been looking at Texas for a commercial launch facility since 2012, when it told the FAA it would seek private site in that state. The State of Texas said it will offer up $2.3M from its Texas Enterprise Fund to bring the SpaceX commercial rocket facility to the sate, in ad (More info...)
posted on Monday, August 4, 2014(Full story)
Eat Club Brings Startup Food Delivery Craze To LAOne of the hottest segments in Silicon Valley over the last few months has been restaurant delivery services, which are delivering gourmet and other meals to local startups, companies, and homes all over the Bay Area. Now, one of those Bay Area startups--Eat Club--is taking that concept to Los Angeles, with the launch of its meal delivery service to Silicon Beach companies. According to Eat Club, it has expanded its coverage to the Los Angeles area, offering up both in-house meals and restaurant (More info...)
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Otonomy Sets Estimated IPO Pricing RangeSan Diego-based Otonomy, which is developing treatments for diseases of the inner and middle ear, set its estimated IPO pricing range Friday. The company indicated in a filing that it now expects its IPO at between $14.00 and $16.00 per share. Otonomy has applied to list on the NASDAQ Global Market as OTIC. The company is venture backed by Avalon Ventures, OrbiMed, Novo AS, TPG Biotech, Domain Associates, Rivervest Venture Partners, as well as others. Setting and estimated IPO pricing range is o (More info...)
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Perfect Market Acquired By TaboolaPasadena-based Perfect Market, the Idealab-backed developer of programmatic advertising technology, has been acquired by New York-based Taboola. Financial terms of the buy were not disclosed. Perfect Market--which was headed by Julie Schoenfeld--helped online publishers better monetize their library of content, helping then find long tail content and articles in their library of content and matching those to advertising. Taboola said the buy will help boost the company's annualized run rate to $ (More info...)
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Demand Media Spins Off RightsideSanta Monica-based Demand Media has completed its spinoff of Rightside Group, its domain name registration business, as a tax-free distribution this morning. According to Demand Media, the two companies now will trade as separate, publicly traded companies--with Demand Media on the NYSE as DMD, and Rightside trading on the Nasdaq Global Select Market as NAME. Demand Media has been in the midst of spinning off Rightside Group for over a year.
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KidZui Acquired By LeadFrogKidZui, the developer of kid-friendly Internet browsers has been acquired by children's entertainment technology developer LeapFrog, LeapFrog said this morning, to help bolster the company's popular line of LeapPad educational tablets. Financial terms of the buy were not disclosed. KidZui had most recently been owned by Saban Brands, which acquired KidZui in 2012. LeapFrog said that it is already using KidZui's technology as part of the LeapSearch function on its LeapFrog Wi-Fi enabled children' (More info...)
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Bluebeam Software Expands In JapanPasadena-based Bluebeam Software, which develops document management software for the architecture, engineering, and construction industry, is planning an expansion into Japan via a distribution deal with Panasonic. The company--which makes software for sharing PDF-based, interlinked blueprints, drawings, and construction documents--said Panasonic would license and distribute its technology solutions in Japan. Financial details of the deal were not disclosed. Bluebeam's Revu software lets compan (More info...)
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OneRoof Energy Gets $1M In LoanSan Diego-based OneRoof Energy Group, the provider of solar installation services and technology, said Friday that it has raised $1,000,000 in a loan funding. The funding came from Hanwha Holdings (USA) Inc. The company said the loan funding will go to funding its continued operations. OneRoof Energy provides solar lease financing, design, and installation services to the residential market. Hanwha Holdings is a prior equity investor in OneRoof Energy.
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ETAP Opens Office In LondonIrvine-based software developer ETAP, which makes software for optimizing and designing electrical power systems, has opened up a new office in the United Kingdom, the company announced this morning. ETAP said it has opened up a new office in London, to provide local sales and service to both existing and prospective customers. ETAP serves electric utilities, rail, industrial ,and governments, helping in the design process for electrical generation, distribution, and transmission systems.
posted on Monday, August 4, 2014(Full story)