Wednesday, January 11, 2017
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Oracle
Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services for small and mid-sized businesses. For more information about Oracle (NYSE:ORCL), visit www.oracle.com. In Los Angeles, contact Ryan Mondillo (Ryan.Mondillo@oracle.com).

Western Digital Backs Panzura In $32M Funding
Irvine-based mass storage maker Western Digital is one of the backers in a new, $32M funding round for cloud storage services provider Panzura. Panzura says it has raised $32M in funding, in a round led by Matrix Partners, and which also included Meritech Capital Partners, Opus Capital, Chevron and Western Digital. Patrick Harr, who had been co-founder and CEO of San Diego-based online storage service provider Nirvanix, serves as the CEO of Panzura. Panzura is based in Campbell, California.

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GoFundMe Acquires CrowdRise
San Diego- and Redwood City-based online crowdfunding site GoFundMe has acquired CrowdRise, the developer of an online fundraising platform for charities and non-profits. Financial details of the acquisition were not disclosed. CrowdRise was based in Detroit. According to the companies, going forwad, CrowdRise will focus on fundraising for charity and fundraising for individuals will be directed to GoFundMe instead. CrowdRise was founded by actor Edward Norton, producer Shauna Robertson, along w (More info...)

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Interview with Kos Galatsis, Carbonics

In the startup world, one of the most difficult journeys to market is by companies who are taking basic scientific advances and technologies originally developed at universities, and taking them all the way to use in the commercial world. One of the companies on that journey is Los Angeles-based Carbonics (www.carbonics.com), which is taking technology developed in the labs of USC and UCLA, and bringing it to use in the wireless semiconductor market. The company's CEO, Kos Galatsis, spoke to u (More info...)


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TP-Link Opens New HQ, Sponsors LA Kings
TP-Link, which develops wireless networking equipment, hardware for the smart home market, and more, said it has moved its headquarters to Brea, California. The company, which previously was based in San Dimas, said its new headquarters in Brea has more than 26,350 square feet, and will house more than 75 employees in sales, marketing, and product management. TP-Link also said it has openings for another 20 people company-wide. In addition to the new headquarters, TP-Link also announced that it (More info...)

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Novatel Wireless Gets Nod From Investors On Sale
San Diego-based Inseego Corp.--most recently, Novatel Wireless--said late Tuesday that its stockholders have approved the sale of its MiFi mobile broadband business to T.C.L. Industries Holdings (H.K.) Limited and Jade Ocean Global Limited.The deal is worth $50M in cash. Novatel had announced the sale of the business in September, and said it would rename the rest of the company Inseego Corp. Inseego will focus only on Internet-of-things and telematics services, rather than hardware.

posted on Wednesday, January 11, 2017(Full story)


AnaptysBio Appoints New CFO
San Diego-based AnaptysBio, which is developing antibodies to treat inflammation, has named a new CFO. AnaptysBio announced this morning that it has appointed Dominic Piscitelli as its new Chief Financial Officer, to head up finance strategy and oversee accounting and SEC reporting. Piscitelli previously was at Medivation, and was part of that firm's acquisition by Pfizer; he also served at Astellas Pharmaceuticals and OSI Pharmaceuticals.

posted on Wednesday, January 11, 2017(Full story)


Qualcomm Names India VP
San Diego-based Qualcomm Incorporated said on Tuesday that it has named Larry Paulson as Vice President, and President of Qualcomm India. Paulson has been at Qualcomm since 2013, most recently heading up the company's QCT Platform organization. Paulson also has served at BrightPoint and Nokia.

posted on Wednesday, January 11, 2017(Full story)


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