Monday, October 27, 2014
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Westlake Village . Santa Barbara . Irvine. 805-230-1350 Gets $12M From Bond Guru
Costa Mesa-based, which operates a peer-to-peer, lending site led by Scott Saunders--and whose Chief Scientist is Galen Buckwalter, who was the Chief Scientific Officer at eHarmony--has raised $12M in a funding effort. The funding was led by Mohamed El-Erian, the finance guru who was at Pacific Investment Management Co. Other details on the funding have not yet been released.

posted on Monday, October 27, 2014(Full story)

Enrou Wins $400,000 From Forbes
Los Angeles-based Enrou, an online marketplace for fashion and lifestyle products which benefit causes such as education, entrepreneurship, the environment, empowerment of women, and youth, has scored a $400,000 prize from Forbes, as part of a competition from the magazine publisher. Enrou--led by Ann Wang--won over over a hundred other companies who had applied for the prize. The five finalists for the Forbes competition had to pitch their ideas to a panel that included Atom Factory's Troy Cart (More info...)

posted on Monday, October 27, 2014(Full story)

Elon Musk Warns On Runaway Artificial Intelligence
Elon Musk, the technology mogul and visionary who has brought us such technology innovations widespread electronic payments via PayPal, electric cars via Tesla Motors, and commercial rocket service via SpaceX, warned that artificial intelligence has the threat of becoming mankind's "biggest existential threat". Musk likened the technology to "summoning the demon". Musk's comments on the technology were made last week at MIT. Musk's opinions on the subject came after an audience question on where (More info...)

posted on Monday, October 27, 2014(Full story)

D-Link Dangles Free Wi-Fi Cameras To The Haunted
Do you have ghosts in your attic? In an interesting promotion for the upcoming Halloween holiday, Fountain Valley-based
D-Link, the maker of network switches, wireless hotspots, wireless cameras, and other accessories, said it is giving away free cameras to "ghost hunters". D-Link is asking people to submit their stories on why they need a camera. D-Link is giving away two different cameras in the promotion--both of which have ability to capture images in complete darkness, and also include mot (More info...)

posted on Monday, October 27, 2014(Full story)

TVC Portfolio Company Limeade Gets $25M More
Limeade, a developer of software which helps employers improve the health of their employees, has raised a big, $25M funding round, the company said this morning. Limeade is backed by San Diego-based private equity investor TVC Capital. The new funding round was led by Oak/FT Partners. TVC Capital also participated in the new funding. Limeade is based in Seattle. TVC Capital's investment in Limeade is overseen by Stephen Hamerslag.

posted on Monday, October 27, 2014 (More)(Full story)

International Rectifier Gets Nod On Infineon Buy
El Segundo-based International Rectifier announced this morning that it has gotten a federal nod on the $3 billion acquisition of the company by Infineon. IR said that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 expired at midnight on Friday. Infineon said in August that it would pay $40 in cash per share for International Rectifier. IR develops power conversion semiconductors.

posted on Monday, October 27, 2014(Full story)

Apple Opens TestFlight Beta
Apple said late last week that it has expanded access to TestFlight, the app beta testing platform, letting developers invite up to 1,000 testers to beta test their iOS apps. Apple's TestFlight service comes courtesy the acquisition earlier this year of Los Angeles-based Burstly, which was venture backed by Upfront Ventures, Rincon Venture Partners, SoftBank Capital, and Founder Collective. Burstly, which was led by Evan Rifkin, acquired TestFlight back in 2012. TestFlight was created by Ben Sat (More info...)

posted on Monday, October 27, 2014(Full story)

Kareo Gets $15M Debt Funding
Irvine-based Kareo, which provides cloud-based, medical office software, said Friday that it has raised $15M in a mezzanine debt funding round. The funding came from Escalate Capital Partners. The company said the new funding brings its total raised to $47M in 2014. Terms of the new funding were not announced. Kareo, which is led by Dan Rodrigues and which targets small medical practices, said the new funding goes towards expanding its reach and development of its technology.

posted on Monday, October 27, 2014(Full story)

Local Corporation Links With Search Fraud Detection Firm
Irvine-based local search and advertising technology developer Local Corporation announced today that it has tied with search fraud detection company Fraudlogix, to help improve traffic quality for display ads on its network. Financial details of the link were not disclosed. Local Corporation said it is engaging Fraudlogix in order to protect its advertisers from fraud, and also meet IAB requirements on helping to eliminate fraudulent traffic and malware.

posted on Monday, October 27, 2014(Full story)

Maxwell Technologies Ties With Corning On Ultracapacitors
San Diego-based Maxwell Technologies said Friday that it is in a joint development agreement with Corning Incorporated, to work together on ultracapacitor technologies. Size and terms of the agreement were not announced. According to the two, they will work together to address issues around energy density, lifetime, operating environment, form factor and cost. Maxwell says it brings ultracapacitor cell design, manufacturing, and product design experience to the table, with Corning providing expe (More info...)

posted on Monday, October 27, 2014(Full story)

OncoSec Medical Finds SBIR Funding
San Diego-based OncoSec Medical, which is developing DNA-based intratumoral cancer immunotherapies, said this morning that it has received a Phase I, Small Business Innovation Research (SBIR) grant from the National Institute of Health (NIH). The SBIR award is worth $163,000, and will go towards the evaluation and development of novel electroporation technologies. OncoSec said the award came in conjunction with Old Dominion University.

posted on Monday, October 27, 2014(Full story)

Ecommerce: Latest Trends and Dynamics, November 19th, Beverly Hills
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Panel includes: David Weissman, Dermastore; John Suh, LegalZoom; Rick Smith, Crosscut Ventures; Brad Meadow, Yandy; Mark Douglas, Steelhouse. Moderated by Ivan Nikhoo, Siemre & Associates.

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