Thursday, June 8, 2017
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Report: Uber Eyes Luxe's Technical Team
Ridesharing service Uber is looking to acquire the technical team behind Luxe, the luxury car parking startup backed by LA's Upfront Ventures, according to the WSJ. The WSJ said the "acqhire" is focused on part of Luxe's engineering team, rather than the whole company. Luxe is venture backed by Redpoint Ventures, Google Ventures, Sherpa Ventures, Lightspeed Venture Partners, Upfront Ventures, Foundation Capital, BoxGroup, Slow Ventures, Data Collective, Eniac Ventures, Rothenberg Ventures, as w (More info...)

posted on Thursday, June 8, 2017(Full story)


StartEngine Chalks Up 25 Companies Raising Funding Since Start Of 2017
Los Angeles-based StartEngine, the equity crowdfunding service run by serial entrepeneur Howard Marks, has chalked up 25 companies raising money on its platform since the start of 2017, according to the company. According to Marks, StartEngine has had five companies raise $1,000,000 and 21 more raise an average $300,000 since the start of 2017. StartEngine's site lets investors browse investment opportunities for a wide range of companies, with background on the founders of those companies, thei (More info...)

posted on Thursday, June 8, 2017(Full story)


Obsidian Security Gets $9.5M
Newport Beach-based Obsidian Security, a new startup led by a group of cybersecurity veterans from Cylance, Carbon Blank, and the NSA, has raised $9.5M in a Series A funding, the company announced Thursday morning. The funding was led by Greylock Partners. The startup's founders include Glenn Chisholm, former EVP product organization and CTO at Cylance and CISO at Telstra; Ben Johnson, former co-founder and CTO at Carbon Black, and computer scientist at the NSA; and Matt Wolff, former Chief Dat (More info...)

posted on Thursday, June 8, 2017(Full story)


LA Cleantech Incubator Names LA Sustainability Chief As Next CEO
The Los Angeles Cleantech Incubator (LACI), the nonprofit which has been working to boost the number of clean technology startups and companies in Los Angeles, said yesterday that it has named Matt Petersen--currently Chief Sustainability Officer (CSO) for the City of Los Angeles--as its next President and CEO. According to LACI, Petersen will become head of the incubator in mid-July, replacing founding President and CEO Fred Walti. Walti said earlier this year that he would be stepping down. Pe (More info...)

posted on Thursday, June 8, 2017(Full story)


Inseego Aborts MiFi Sale, Launches Major Restructuring
San Diego-based Inseego, the developer of the MiFi wireless hotspots, has aborted its plans to sell off its MiFi division to Chinese company TCL Industries Holdings (H.K.) Limited, and has embarked on a massive restructuring of the company. According to Inseego, it has terminated its transaction with TCL--which has been stalled in regulatory review for over a year--and named both a new CEO and new Chairman of its board.

The company, which was previously known as Novatel Wireless up until the (More info...)


posted on Thursday, June 8, 2017(Full story)


Esri Links With Idaho National Laboratory
Redlands-based geospatial information system (GIS) and mapping software developer Esri and the Department of Energy's Idaho National Laboratory (INL) announced on Wednesday that the two are in a new cooperative research and development agreement, where the two will collaborate on technology focused on protection of critical infrastructure. Financial details of the research and development agreement were not announced. According to the two, they will work together to fight cyber attacks using Esr (More info...)

posted on Thursday, June 8, 2017(Full story)


Xencor Names New VP
Monrovia, California-based biopharmaceuticals developer Xencor announced today that it has named Raphael Clynes, M.D., Ph.D., as its new Vice President of Translational Biology. Clynes was most recently Group Medical and Scientific Director of Immunology-oncology at Bristol-Myers Squib, was co-founder of Vixen Pharmaceuticals, and was an associate professor at Columbia University. Xencor said Dr. Cylnes will study the biological mechanisms of its antibody drug candidates, particularly in immuno- (More info...)

posted on Thursday, June 8, 2017(Full story)


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