Wednesday, August 3, 2016Integra Devices Spins Out Of UCIIrvine-based Integra Devices, a startup developing microfabrication technology for developing microsensors, microactuators, microfluidics, and microcontrollers, has spun out of UC Irvine, the company said this week. The startup, co-founded by UCI professor Mark Bachman, says its micro-devices are aimed at being readily integrated into conventional electronic products, and builds on 15 years of research at UC Irvine and elsewhere into the technology. Backman has run active research program in sen (More info...)
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DogVacay Awards College ScholarshipLos Angeles-based pet sitting marketplace DogVacay has announced its first, DogVacay Scholarship, a $3500 award which was open to any, entrepreneurial student either entering as a freshman to college in the Fall of 2016, or a student currently enrolled at a university. DogVacay said it awarded its first scholarship to Dusty Lynn Shipley, 19, of Arlington, TX, for her idea of an underground water detection system that would use soil-moisture levels to regulate sprinklers and save water. The schol (More info...)
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Renovate America Acquires CakeSystems For Energy Auditing, Modeling SoftwareSan Diego-based Renovate America, the provider of residential clean energy financing programs, said this morning that it has acquired CakeSystems, a developer of home energy modeling and auditing software. Financial terms of the buy were not disclosed. CakeSystems was previously owned by nonprofit Earth Advantage. The companies said that Renovate America acquired both the codebase and intellectual property assets of CakeSystems, which it said has the "most accurate, fastest, and easiest" energy (More info...)
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Sensay Snags $4.5M For Chatbot TechnologyLos Angeles-based Sensay, a developer of chatbot technology, has raised $4.5M in a seed funding round, according to the company. The funding was led by Norwest Venture Partners, and also included Greycroft Partners, Sweet Capital, NHN, Draper Associates and other. The startup says it has created a "peer-to-peer chat bot" which helps connect people across SMS, Slack, Kik, Telegram and Facebook Messenger. Ariel Jalali is the Co-Founder and CEO of Sensay.
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Time Warner Takes Ten Percent Stake In HuluTime Warner has taken a 10 percent stake in Los Angeles-based streaming television service Hulu, the companies said this morning, and also has inked a deal to add TNT, TBS, CNN, Cartoon Network, Adult Swim, truTV, Boomerang and Turner Classic Movies to Hulu's new, upcoming live streaming service. Financial details of the investment were not announced. Time Warner joins current investors The Walt Disney Company, 21st Century Fox, and Comcast in the joint venture.
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Cubic Wins $33M Contract From Miami TransitSan Diego-based Cubic Transportation Systems, one of the business units of Cubic Corporation, said yesterday that it has been awarded a $33M contract from the Miami-Dade County Department of Transportation and Public Works (DTPW). The company said it will help modernize Miami Transit's revenue management systems and back office services, my migrating them to the cloud, adding contactless payment and Near Field Communications (NFC), and other features to the transit system. Cubic had been the con (More info...)
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Qualcomm Powers New Samsung Galaxy Note7 DesignSan Diego-based semiconductor developer Qualcomm said this morning that its Snapdragon processors are being used by Samsung, for its upcoming Samsung Galaxy Note7. Qualcomm said that Samsung has selected its Qualcomm Snapdragon 820 processor, plus the Qualcomm Adreno 530 GPU, Qualcomm Hexagon 680 DSP, and Qualcomm Haven as the basis of the tablet. The new Samsung Galaxy Note7 ships on August 19th. Although Samsung has previously used Qualcomm's processors in the Samsung Galaxy Note line, the las (More info...)
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Ixia Shuffles Sales ExecsCalabasas-based Ixia is in the midst of a sales team shuffle, saying in its quarterly report that it is naming Patti Key as Senior Vice President, Global Sales, with current sales VP Hans-Peter Klaey leaving the company. Ixia said that the firm and Klaey have "mutually agreed" for him to step down from the position. Key has been VP of Sales, Americas since August of 2014, and had joined Ixia in 2008; she also had served at Agilent Technologies and Hewlett Packard.
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Sorrento In Joint Venture With Korea's CHA BiotechSan Diego-based Sorrento Therapeutics says it has entered into a new joint venture, with South Korean company CHA Biotech Co., Ltd. (CBT), to develop and commercialize "natural killer cell" therapies developed by CH Biotech. According to Sorrento, both CBT and the company will contribute $2 million each to the new joint venture, which will give CV a 51% stake in the new joint venture, and the remaining 49% being owned by Sorrento. In addition, CBT will contribute its Activated Killer Cell (AKC) (More info...)
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