Monday, September 29, 2014Squawkin Raises $2.5M For Social Communications AppPasadena-based Squawkin, a developer of mobile apps which let users communicate using voice, photos, and text, said Monday that it has raised $2.5M in a funding round, and also has launched its apps. The startup said its new app, which runs on iOS and Android, lets users combine live voice streaming, photos, text plus location. The startup is led by Dean Glasse. Other details on the funding were not announced. The company said it is in the midst of a second funding round.
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Hulu Gets All Of South ParkLos Angeles-based streaming television site Hulu has inked a deal to stream every episode of South Park, the site said over the weekend, According to Hulu, all seventeen seasons of South Park--over 200 episodes--are now available on Hulu. The site also said that new episodes from the current season, season 18, will be available the day after they air. The majority of South Park episodes are only available to Hulu's premium subscribers, although Hulu is rotating 30 of the episodes at a time to i (More info...)
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Dollar Shave Club Gets $50M MoreLos Angeles-based Dollar Shave Club, the subscription e-commerce startup led by Michael Dubin, has raised $50M in a Series C funding round, the company disclosed this morning. The funding came from Technology Crossover Ventures. The company's prior backers include Andreessen Horowitz, Battery Ventures, Comcast Ventures, Felicis Ventures, Forerunner Ventures, Kleiner Perkins Caufield and Byers, New World Ventures, Science Inc., Shasta Ventures, and Venrock Associates. Dollar Shave Club has now ra (More info...)
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Ambit Biosciences Acquired By Daiichi Sankyo For $410MSan Diego-based biotech Ambit Biosciences is being acquired by Japanese biotech developer Daiichi Sankyo COmpany, Ltd., in a deal worth approximately $410M the two said this morning. According to the two Daiichi Sankyo has agreed to pay $15 per share in cash for Ambit, plus up to an additional $4.50 per share depending on commercialization milestones. Ambit Biosciences is developing biopharmaceuticals in the areas of oncology, autoimmune and inflammatory diseases; the firm's lead drug is aimed a (More info...)
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Aggregage Wins 3D Printing GroupLos Angeles-based Aggregage, which develops aggregation and curation software to help B2B publishers curate and develop their own publications, said today that it has launched a new site for the 3D Printing Association. Financial details of the win were not announced. Aggregage, which is led by Robert Flynn, said the new site aggregates content from over 60 industry through leaders. Aggregage's software helps automatically create topic-specific websites drawn from the content of bloggers and oth (More info...)
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Allergan: Valeant Offer Grossly InadequateIrvine-based Allergan issued a statement this morning calling the latest offer from Valeant as "grossly inadequate", saying the offer still "substantially undervalues" the company. Allergan reiterated its opposition to $53 billion hostile takeover. Valeant has been trying to take over Allergan since April. Allergan is a developer of eye care and other medical products.
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UCSD Plans Battery Energy Storage SystemThe University of California, San Diego is planning to install a big, battery-based energy storage system on campus, to capture wind and solar power to use on the campus, the school said this morning. According to UCSD, it will install a 2.5 megawatt, 5 megawatt/hour system as part of its own microgrid, tapping rechargeable batteries from BYD. The schol said the new battery can store enough power to power 2,500 homes. The new battery storage system is part of UCSD's sustainability efforts. Batte (More info...)
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Gumgum Rolls Programmatic Ad Platform For ImagesLos Angeles-based Gumgum, the online advertising technology developer led by Ophir Tanz, recently rolled out a new, programmatic ad platform for its in-image advertising. According to the company, it has partnered with Xaxis, a programmatic media and technology developer, to launch a programmatic product for buying in-image advertising. The new product automates such tasks as connecting an automotive ad automatically with photos of the same vehicle or a competitor's model. Financial details of t (More info...)
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HireRight Aims At Health Care OrganizationsIrvine-based HireRight, the provider of background checks and drug and health screening services, has rolled out a new service specifically aimed at health care organizations. According to the company, it has expanded its medical credentialing verification services, to confirm the qualifications of physicians, pharmacists, physician assistants, and other medical professionals. The company said its new service helps check on institutional privileges, malpractice history, clinical references, and (More info...)
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