Wednesday, July 5, 2017
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Safire Partners Executive Search
Safire Partners is a​ 15-person​​ Los Angeles-based​ executive search firm built for SoCal​'s ​emerging companies working on ~100 searches per year. Clients cross over mobile, adtech, media, gaming, software, ecommerce, services, and consumer products.​ We always want to meet great companies, investors and executives, please reach out via http://www.safirepartners.com.

SpaceX Puts Another Payload Into Space
Hawthorne-based SpaceX delivered another payload into space on Wednesday, sending the Intelsat 35e into geostationary transfer orbit (GTO), on its third try. The satellite had originally been scheduled to launch on Sunday, but ran into weather, and the rescheduled launch on July 3rd was aborted due to "violation of abort criteria". The satellite is Intelsat's fourth, Epic-generation satellite, used for video and broadband, wireless backhaul, enterprise, and mobility services in the C- and Ku-ban (More info...)

posted on Wednesday, July 5, 2017(Full story)


Virgin Galactic Plans To Ramp Up Flight Testing
Virgin Galactic, the commercial spaceflight startup backed by Richard Branson, is planning to ramp up its flight testing schedule with the beginning of powered flights, according to Branson. Branson told Bloomberg, in an interview published on Wednesday, that it plans to start powered tests every three weeks this year, with a plan to extend testing into space by November of December. Image: Virgin Galactic glide testing its spacecraft in March.

posted on Wednesday, July 5, 2017(Full story)


Ingram Micro Sells Off Docdata Payments
Irvine-based Ingram Micro has sold off a payment processing firm, Docdata Payments, to Netherlands-based CM Payments. Financial details of the sal ewere not announced. CM said that 35 employees from Docdata Payments will be transferred to the company. Docdata Payments processed payments for European companies, primarily in the Netherlands, Luxembourg and Belgium.

posted on Wednesday, July 5, 2017(Full story)


Resonant Names New Board Member
Goleta-based Resonant, which develops radio frequency filter technology, said on Wednesday that they have named Jean Rankin as a board member. Rankin previously was Executive Vice President, Secretary and General Counsel for LSI Corporation, and also served at Agere Systems, Lucent Technologies, and AT&T. Resonant now says it has a total of eight board members.

posted on Wednesday, July 5, 2017(Full story)


Kairos Venture Partners Raises $74.6M In New Fund
Beverly Hills-based Kairos Venture Partners, a venture capital investment firm that specifically focuses on commercialization of scientific discoveries, has raised $74.6M as part of an ongoing fundraising effort for its second fund, Kairos Venture Partners II, LP. The funding was disclosed via a regulatory filing. That filing says that Kairos Venture Partners is targeting a total of $150M in the new fund, which so far has 47 Limited Partners. Kairos says it makes investments of between $150,000 (More info...)

posted on Wednesday, July 5, 2017(Full story)


SpaceX Aims At Launch Today, After Weekend Delays
Hawthorne-based space rocket developer SpaceX is targeting launch of yet another Falcon 9 rocket later today, from NASA Kennedy Space Center, after a launch delay over the long weekend. SpaceX, which aborted its launch on Sunday due to "violation of abort criteria", is planning to launch the Intelsat 35e at 7:37 p.m. EDT (4:37 p.m. PDT) today. According to SpaceX, the launch from Launch Complex 39A (LC-39A) is expected to deploy the Intelsat satellite approximately 32 minutes after launch. Space (More info...)

posted on Wednesday, July 5, 2017(Full story)


Sienna Biopharmaceuticals Files For IPO
Westlake Village-based Sienna Biopharmaceuticals, a startup biopharmaceuticals firm developing products for the medical dermatology and aesthetics market, has filed for an IPO. Sienna said it is hoping to raised up to $74.8M in an offering on the NASDAQ Global Market. The company has applied to list as SNNA. The IPO is being underwritten by J.P. Morgan, Cowen, and BMO Capital Markets. Sienna is venture backed by ARCH Venture Partners, Partner Fund, and Fidelity.

posted on Wednesday, July 5, 2017(Full story)


Interview with Shaan Sethi, Jaanuu
It's fairly unusual to see an apparel company with venture backing, and particularly unusual to see one with the strong lineup of investors that LA-based Jaanuu (www.jaanuu.com) has behind the company. Jaanuu, which provides medical apparel, is backed by Sipadan Capital, Roundhouse Ventures, Innovation Global Capital and Deborah Benton (board member of The Bouqs, Carbon38 and Vow To Be Chic), along with BAM Ventures, John Suh (CEO of LegalZoom), Ron Burkle (founder of The Yucaipa Companies), Sea (More info...)

posted on Wednesday, July 5, 2017(Full story)


Monoprice Opens New, Brick and Mortar Store
Rancho Cucamonga-based Monoprice, which made its name offering up house-branded, consumer electronics accessories such as charging cables, speakers, switches and adapters, and many other areas, said it has opened up a new, brick and mortar store at its headquarters. The company, led by Bernard Luthi, said the new retail store replaces a "will call" center at the location, and features 1,900 square feet of retail floor space. The company now offers up a large selection of consumer electronics, i (More info...)

posted on Wednesday, July 5, 2017(Full story)


FMT Consultants Sells Off Business Unit
Carlsbad- and Los Angeles-based IT services provider FMT Consultants has sold off its SAP Business ByDesign practice, to VistaVu Solutions. Financial details of the deal were not announced. According to the companies, the acquisition includes professional staff, existing accounts, and SAP-specific content.

posted on Wednesday, July 5, 2017(Full story)


Second Sight Medical Expands Into South Korea
Sylmar-based Second Sight Medical Products said this morning that it has entered the South Korean market, after its visual prosthetics products were implanted into two patients in that country. According to Second Sight Medical, the implants were facilitated by distribution partner Kisantech Co. Second Sight Medical, led by CEO Will McGuire, says it is in the midst of an effort to expand its footprint in Asia. The company's medical implants are used to provide useful vision to blind patients.

posted on Wednesday, July 5, 2017(Full story)


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