Monday, July 11, 2016Disney Accelerator Names 2016 ClassThe Walt Disney Company has named its next class of startup participating in the Disney Accelerator, the startup accelerator and mentoring company held on the company's Burbank campus. The Walt Disney Company said that this year's class includes Ader, an e-sports and gaming influencer marketplace; Atom Tickets, a mobile movie ticketing app; Hanson Robotics, a developer of human-like rbots; Jaunt, a developer of cinematic virtual reality software; littleBits, a developer of electronic, robotic to (More info...)
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Combatant Gentleman Plans First Retail StoreLos Angeles-based online men's clothing retailer Combatant Gentleman is getting set to open the company's very first, retail location, at Santa Monica Place. According to the company, the new store will be opening next week, on the second floor of Santa Monica Place, next to Nordstrom's. The startup, founded in 2012, offers up its own line of suits, shirts, outerwear, denim, accessories and shoes. The company's backers include Tony Hsieh (CEO of Zappos)--via VegasTechFund--and Brian Spaly (CEO o (More info...)
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Haus Rolls Out New Home Search SiteLos Angeles-based Haus, a new startup in the real estate and home search space, said this morning that it has launched a new home search site which lets look for home, based on their lifestyle. The startup, founded by Avantika Shahi, says it allows users to ferret out home based on walkability to coffee and restaurants, proximity to work, school districts, noise levels, and other lifestyle factors. The search for neighborhoods by noise level is being powered by another, Los Angeles startup, HowL (More info...)
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Kin Community Raises $13.5M MoreSanta Monica-based Kin Community, the online content producer focused on food, home, and DIY content and led by Michael Wayne, has raised $13.5M in a funding round, the company quietly revealed earlier this month. The funding came from strategic investor TEGNA Media, along with existing investors. Kin Community--which got its start as DECA TV--is now focused on home and lifestyle content, aimed at young women; a regulatory filing today indicates the company how has annual revenues in the range o (More info...)
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Impinj, With Offices In OC, Sets IPO Pricing RangeImpinj, a developer of RFID technology which has engineering offices in both Rancho Cordova and Newport Beach, has set the estimated IPO pricing range for its stock at between $12.00 and $14.00 per share, the company said in a filing this morning. Impinj is selling 4,600,000 shares of its common stock on the NASDAQ Global Select Market as "PI", is venture backed by ARCH Venture Partners, Polaris Partners, Madrona Venture Group, Mobius Venture Capital, Intel, GF Private Equity, and AllianceBernst (More info...)
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j2 Global Buys Six Companies In Q2Los Angeles-based j2 Global said this morning that it has acquired six companies, all during Q2. j2 Global said it has acquired SMTP, a provider of email marketing services; GameTrailers, a digital media publisher; Publicaster, an email marketing company; Electronic Vaulting Services, a backup services provider; Safebackup, another backup provider, and Ireland-based 24sevenbackup, also in the backup area. Financial terms of the acquisition were not announced, and j2 Global said the financial imp (More info...)
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REC Solar Targets Channel With Solar Power FinancingSan Luis Obispo-based REC Solar, the developer of commercial solar power systems, said it has expanded a channel partner program, as part of a move to expand its commercial solar business. According to REC Solar, the new program will offer up $225M in power purchase agreement (PPA) funding from Duke Energy for commercial projects ranging from 50kW to 2MW in capacity. REC Solar said it has already launched the program with solar installer Sungevity, a move that was announced in April. The company (More info...)
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Teledyne Sells Printed Circuit Board BusinessThousand Oaks-based Teledyne Technologies said late last week that it has completed the sale of the assets of its printed circuit technology business (Teledyne PCT), to FTG Circuits. The deal was worth $9.3M in cash. Teledyne PCT was based in Hudson, New Hampshire, and had focused on design and manufacturing of rigid-flex printed circuit boards and assemblies used in the defense, aerospace and oil and gas industries. Teledyne said that business generated between $15.0M and $20.0M in annual reven (More info...)
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Ingenu Names EVP, CFOSan Diego-based Ingenu, a developer of machine-to-machine communications technology, said today that it has named Dan Halvorson as its new Executive Vice President and Chief Financial Officer. Halvorson has previously served as CFO of Novatel Wireless, DivX, and OneRoof Energy, and also served at Dura Pharmaceutical and Alliance Pharmaceuticals. Ingenu said it is developing a low-power, wide area wireless network for the Internet-of-Things (IoT) market; the company said its team previously has s (More info...)
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Resonant Buys Swiss CompanyGoleta-based radio frequency filtering technology developer Resonant has acquired a Swiss company, GVR Trade SA, which provides design and consultation on Surface Acoustic Wave (SAW) and Bulk Acoustic Wave (BAW) devices. The company said it paid $1.1M in stock and cash for GVR Trade, which was owned by Dr. Victor Plessky. Plessky joins the company as Director of Engineering, as will GVR Trade SA's other key technical staff. Resonant said that it has been working with GVR since 2008, collaboratin (More info...)
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OSI Systems Gets $8M ContractHawthorne-based OSI Systems reports this morning that its security division, Rapidscan Systems, has received an $8M contract, for multiple units of its Rapidscan Systems RTT 110 explosives detection systems. The company said the order came from an un-named, major international airport. The company's systems are used for high resolution, 3D inspection of baggage and air cargo.
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