Wednesday, May 31, 2017
San Diego Jeep Thefts Linked To High Tech Hacking Ring
The theft of over 150, Jeep Wranglers in San Diego County over the last few years has been linked to hacking of the electronic keys of those vehicles in the middle of the night, according to the U.S. Department of Justice. According to the U.S. Attorney's Office for the Southern District of California, it has indicted nine members of the Hooligans Motorcycle gang for participating in a scheme to steal more than 150 Jeep Wrangers, worth approximately $4.5M, by retrieving the vehicle identificatio (More info...)

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Elon Musk Will Leave Trump Tech Council If US Drops Paris Agreement
Elon Musk, the technology billionaire behind SpaceX and Tesla Motors, says that if the U.S. withdraws from the Paris Agreement, he will "have no choice" but to leave Trump's Tech Council. In a tweet, Musk said he has "done all I can to advise directly to POTUS" on climate change, and "don't know which way Paris will go". Musk had joined a controversial council formed by the Presidential administration to ostensibly "share their specific experience and knowledge" with the President. Musk has been (More info...)

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Comergence Compliance Acquired By Optimal Blue
Mission Viejo-based Comergence Compliance, a developer of compliance software for the mortgage lending industry, has been acquired by Optimal Blue, the operator of a digital marketplace for the mortgage industry. Financial details of the acquisition were not announced. Optimal Blue is owned by private equity investor GTCR. Comergence Compliance develops software used by lenders for third party oversight and verification, social media compliance reporting, licensing checks, and other related area (More info...)

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SuperMoney Launches Search Engine For Loans
Santa Ana-based SuperMoney has recently launched a new, online search engine for loans, looking to replicate the success of online search and aggregation sites like Kayak and LendingTree. According to the company, led by CEO Miron Lulic, it helps consumers find online loans, helping users compare different loan offers based on basic information such as loan amount, credit score estimate, employment status, and more. Lulic is also the president and co-founder of LoanNow, and previously had serve (More info...)

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Applied Data Finance Ups Credit Facility To $75M
San Diego- and New York-based Applied Data Finance said this morning, that it has increased an existing credit facility for the company from $50M to $75M. The credit facility comes from Victory Park Capital (VPC). Applied Data Finance is a technology-enabled lender and asset manager, which operates its own online lending site called Personify Financial.

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Gamevice Grabs $12.5M To Turn Your iPhone Into A Game Console
Los Angeles-based Gamevice, a developer of hardware devices which attach to your existing smartphone which turns them into a gaming console, has raised $12.5M in a Series A funding round, the company said Wednesday morning. The funding was co-led by TransLink Capital and California Technology Ventures (CTV), and also included BAM Ventures, TYLT Ventures, and Kevin Chou, the former CEO of Kabam. As part of the funding, Chou joins the company's board. Phillip Hyun is the CEO of Gamevice. Gamevice (More info...)

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FitnessGenes Finds $5M For DNA Testing Startup
Beverly Hills- and London-based FitnessGenes, a startup offering up DNA testing and interpretation focused on personalized fitness and nutrition, announced this morning that it has raised $5M in a Series A funding round. The funding came from SGHF. According to FitnessGenes, it uses DNA analysis to help create personalized fitness and nutrition plans for its customers. Dr. Dan Reardon is co-founder and CEO of FitnessGenes.

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SpaceX Gears Up For CRS-11 Launch Tomorrow
Hawthorne-based SpaceX is kicking off a very busy launch month in June with a launch tomorrow, June 1st, with another mission to the International Space Station, SpaceX said on Wednesday. According to SpaceX, it will be delivering critical supplies and payloads to the International Space Station with a launch time of 5:55 p.m. EDT, and a backup launch window on Saturday, June 3rd at 5:07 p.m. EDT. SpaceX will again launch its Falcon 9 rocket from Launch Complex 39A at Kennedy Space Center, Flori (More info...)

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Digital Health Corp Acquires Constant Therapy
San Diego-based Digital Health Corp., the parent company of Reflexion Health, said this morning that it has acquired Constant Therapy, a developer of mobile solutions to treat patients with traumatic brain injury, stroke, aphasia, and learning disorders. Financial details of the acquisition were not announced. Digital Health said the buy would help complement its growing portfolio of patient recovery and rehabilitation solutions. Digital Health is led by President and CEO Joseph (Joe) Smith, MD (More info...)

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Oblong Industries Debuts New Product Lineup
Los Angeles-based Oblong, the developer of immersive operating systems and meeting room environments, said it has launched a new set of products. According to the company, its has its product range and naming for its Mezzanine visual collaboration product, with the entry point for those products now below $50,000. The company said its Mezzanine 200 Series is aimed at small to medium sized "teaming" rooms with 2 screens; its Mezzanine 300 Series is aimed at satellite offices with 3 screens; its M (More info...)

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