Monday, September 21, 2015
13th Annual San Diego Venture Summit: Sept 25
Join San Diego’s premier venture capital networking event of the year!

SDVG’s Venture Summit is the largest annual gathering of investors
in So Cal. Join 600+ in the venture capital community, and visit with
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Qualcomm Backs Home Healthcare Startup In India
San Diego-based Qualcomm has invested in a home healthcare startup based in Bangalore, India, via its venture arm, Qualcomm Ventures. According to Portea Medical on Sunday, it raised $37.5M in a Series B funding, led by Accel, and also included International Finance Corporation (IFC), Qualcomm Ventures, and Ventureast. The company has more than 3,000 staff and plans to hire 5,000 more over the next 18 months, to provide in-home healthcare services in India and Malaysia. The company had received (More info...)

posted on Monday, September 21, 2015(Full story)

Jaunt Finds $65M To Open VR Studio In Los Angeles
Jaunt, a developer of cinematic, virtual reality hardware and software, said this morning that it has opened up a new, virtual reality studio in Los Angeles, after receiving $65M in a Series C funding. The funding came from Burbank-based The Walt Disney Company, Evolution Media Partners--the investment joint venture which involves the CAA's Evolution Media Capital, TPG Growth and Participant Media--and China Media Capital (CMC), along with ProSiebenSat.1 SE, Axel Springer SE, The Madison Square (More info...)

posted on Monday, September 21, 2015 (More)(Full story)

Headspace Gets $34M For Meditation App
Venice, California-based Headspace, the developer of a mobile app that helps people meditate, has raised $34M in a funding round, the company disclosed over the last few days. The funding came from The Chernin Group, and also included Advancit Capital, Allen & Co., Breyer Capital, Broadway Video Ventures, Deerfield Management, Freelands Ventures, and William Morris Endeavor, along with celebrities Jessica Alba, Cash Warren, Jared Leto, and Ryan Seacrest. LinkedIn CEO Jeff Weiner also participate (More info...)

posted on Monday, September 21, 2015 (More)(Full story)

Clearlake Capital Backs HEAT Software In Acquisition
Santa Monica-based investor Clearlake Capital said today that it is behind a deal where HEAT Software will acquire the Absolute Manage and Absolute Service businesses from Absolute Software Corporation. Financial terms of the acquisition were not disclosed. HEAT Software is a portfolio company of Clearlake Capital, and is based in Milpitas. Absolute Manage's business are used by organizations to manage and secure mobile and endpoint devices, ranging from PCs and Macs, to iOS, Android and Window (More info...)

posted on Monday, September 21, 2015(Full story)

Lomics Rolls Out Mobile App For Making Your Life A Comic
Did you ever wish you could tell the story of your life as a comic strip? A new, San Diego startup, Lomics, said this morning that it has rolled out a mobile app which lets you capture yourself on camera, and create a comic--complete with speech and thought bubbles--where you can tell your own story. The startup said the app lets users shoot videos, which the app automatically frames and turns into live comics. The app is initially available on iOS. Lomics said it is angel backed by Neurok LLC a (More info...)

posted on Monday, September 21, 2015(Full story)

Netflix In Deal To Carry ABC's How To Get Away With Murder
Netflix said it has inked a deal to become the exclusive streaming provider of the season one episodes of ABC's How to Get Away With Murder, the company said Friday. Netflix started making the first season of the series available on its service this weekend, throughout the U.S., Canada, and Latin America. Financial details of the deal were not disclosed. Netflix has significant operations in Los Angeles.

posted on Monday, September 21, 2015(Full story)

BlackLine Names Chief Legal Officer
Los Angeles-based accounting and finance software developer BlackLine announced this morning that it has named Karole Morgan-Prager as the company's new Chief legal Officer. Morgan-Prager joins from The McClatchy Company, where she was vice president of corporate development, general counsel and corporate secretary. She previously also served at The Times Mirror Company and Morrison & Foerster, and has been on the boards of The Seattle Times Company, CareerBuilder, Classified Ventures and HomeF (More info...)

posted on Monday, September 21, 2015(Full story)

Sequenom Swaps CEO
San Diego-based life sciences company Sequenom has named Dirk van den Boom as its new Interim President and CEO, the company announced today, after its current CEO, William J. Welch, resigned. Sequenom said Welch has resigned to "pursue other interests." van den Boom is currently Sequenom's Chief Scientific and Strategy Officer, a position he continues to hold.

posted on Monday, September 21, 2015(Full story)

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