Wednesday, October 22, 2014


hovelstay.com Opens Up Doors On Unique Vacation Rentals
Glendale-based Hovelstay.com, an online marketplace for vacation rentals which is taking a decidely adventurous angle on lodging, said today that it has opened up its site to all travelers. The startup--which had initially been limiting its service to students only--said that travelers can now book on the company's site. Hovelstay.com offers up a somewhat kwirky -- and usually "adventurous" -- lodgings both here in the U.S. and overseas in Europe ans Asia. The site's listings include everything (More info...)
posted on Wednesday, October 22, 2014(Full story)

StackIQ Raises $6M
San Diego-based StackIQ, which develops IT automation tools for the enterprise, has raised $6M in a Series B funding round, according to the company. The new funding came from Grayhawk Capital, Keshif Ventures, DLA Piper, and OurCrowd, as well as Anthem Venture Partners and Avalon Ventures. The company said the new funding will go toward scaling sales and marketing. StackIQ develops IT automation software for deploying big data and cloud applications on Hadoop. The company is led by Tim McIntire (More info...)
posted on Wednesday, October 22, 2014(Full story)

ParkMe To Power Parking Data For Bing
Santa Monica-based real time parking information provider ParkMe inked a major deal Tuesday, to provide its parking data to Microsoft, for its search engine, Bing. Financial terms of the partnership deal were not announced. According to ParkMe, its parking data will be integrated into Bing. ParkMe offers information on nearby parking, availability, hours of operation, and also lets users pre-pay for parking space. ParkMe is backed by Fontinalis Partners, IDG Ventures and Angeleno Group.
posted on Wednesday, October 22, 2014(Full story)

Lynda.com Expands To IT Training
Carpinteria-based
posted on Wednesday, October 22, 2014(Full story)

Activist Investor Third Point Urges Amgen Split
Thousand Oaks-based biotech giant Amgen is a target of activist investor group Third Point, urging the company yesterday to split the company in two. Third Point, which says it is now one of Amgen's largest shareholders, told its investors that it would like Amgen to split its operations between its mature business and newer, faster growing operations--and also cut what it called a "bloated cost structure". Amgen said in a statement that it maintains an "active, engaged dialogue with all shareho (More info...)
posted on Wednesday, October 22, 2014(Full story)

OneRoof Energy Boosts Financing
San Diego-based OneRoof Energy Group said this morning that it has closed on a series of financing agreements, which will provide approximately $16.7M to the company. The company said the new funding comes from Black Coral Capital and Hanwha Group, who are existing investors in the company. $6.5M of the funding is a working capital line of credit. OneRoof Energy provides lease financing, PPAs, and solar system design, installation, and maintenance. The company had announced the deal for the new (More info...)
posted on Wednesday, October 22, 2014(Full story)

aTyr Pharma Names VP
San Diego-based aTyr Pharma said today that it has named John C. McKew, Ph.D., as its new Vice President, Research. aTyr said that McKew is a rare disease expert, who has served at the National Institutes of Health, Wyeth Research and Genetics Institute, Inc. (prior to its acquisition by Wyeth). aTyr Pharma is venture backed by Alta Partners, Cardinal Partners, Domain Associates and Polaris Partners.
posted on Wednesday, October 22, 2014(Full story)