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Most of the genetic analysis done today is performed on machines made by Illumina, the DNA sequencing giant. Now a former director from the company is leading a startup that has raised $15 million to develop new genome sequencing tools. San Diego’s Element Biosciences said Tuesday that it had secured a Series A round led by Foresite Capital, a healthcare and life sciences venture capital firm based in San Francisco, and Silicon Valley’s Venrock.
Los Angeles-based cloud customer relationship management (CRM) software developer Nimble rolled out a major upgrade to its sofwtare this week, saying it added major updates to its contact records, added granular activity tracking, contact privacy, and integration with Office 365, Power BI, and Azure. According to the company, the changes also add two way synchronization with hundreds of business apps, new ways to track activities such as calls, tasks, and events, and more.
Why do profitable, mature businesses die away? One of the most obvious reasons mature businesses die away – when we look in the rear view mirror – is that they did not spend to renew their product or service when newer entrants into the business arrived with better products and services built upon newer technology. Should be an easy fix for companies making annual net profit.
Santa Monica-based Dave Inc., developers of a financial management mobile app designed to prevent bank overdrafts, announced June 19 a $110 million debt funding raise.
Office leases are one of companies’ largest expenses, and if your whole team is working from home with no clear end in sight, you may be wondering what to do about your lease.
It’s been a strong year for biotech IPOs and Wednesday shaped up to be a particularly busy day as four life science firms debuted on the public markets. So far this year, 72 companies have gone public, according to IPO research firm Renaissance Capital. That total is down 20 percent compared to the same period a year ago. But healthcare IPOs continue to lead the pack, with 33 companies going public—the most of any sector.
What's the hardest part of being a startup entrepreneur? Minnie Ingersoll , who recently joined Los Angeles-based venture capital investment firm TenOneTen Ventures (tenoneten.net), gives some great advice to entrepreneurs, on the biggest struggles for entrepreneurs, based on her most recent experience in starting Shift.com, an online used car marketplace, and also tells us about her recent move to venture capital here in Southern California.
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Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
Downtown headquartered venture capital firm Greycroft Partners led a $8 million Series A round for Austin, Texas-based human resources software developer Enboarder Inc.
If you are a business professional or owner today, success is more and more about relationships. People relationships are the key to career growth, more than results, and customer relationships build brands, rather than the other way around. In this era of communication overload with many misleading messages, we have learned to count first on the people we know well, even virtually.
Irvine-based Digital Map Products , a developer of mapping and location tools used by enterprise and government customers, has been acquired by LightBox , a provider of real estate information products. Financial terms of the deal were not announced by the companies. The deal had been announced in May. Digital Map Products was owned by private equity investor Silversmith Capital Partners, and had over 160 employees.
Every startup wants to be a predictable success, yet so few ever achieve this enviable position. In reality, getting there is not a random walk, and requires an understanding of the stages that every business must navigate and the organizational characteristics necessary at each stage. Les McKeown, in his book from a while back, “ Predictable Success ” outlines these stages and characteristics for any business.
Beverly Hills-based Kairos Ventures , a venture capital investment firm which focuses on commercialization of scientific advances, has raised $24.6M in the first close of a new fund, Kairos Venture Opportunities I, L.P. , according to a regulatory filing from the firm this week. The fund is targeted at an overall capitalization of $100M, per those regulatory documents.
Monday, June 24, 2019 -- UC Irvine Summer Academies in the Arts. UC Irvine's Claire Trevor School of the Arts presents Summer Academies in the Arts - college and career preparatory intensives in Art, Dance, Drama, Music and Technology for students ages 8-22 years old. Classes run through August 16, 2019. Scholarships and financial aid are available!
Having a breakthrough idea or technology alone does not assure business success. “ If we build it, they will come ” may have worked as a movie theme for Kevin Costner, but as an investor, I tell entrepreneurs a great solution is not enough. Successful businesses require innovative people, who have built an abundance of innovation capital, to win support and resources for their ideas.
Camarillo-based semiconductor developer Semtech Corporation , the developer of the LoRa wireless, radio frequency technology, has deployed its technology at the Istanbul Airport, in a win with Turkish Internet-of-Things developer Skysens Teknoloji AS. Semtech did not say how much the deal was worth, but says its devices and technology is being used for smart asset tracking for thousands of assets at Istanbul Airport.
Saturday, June 22, 2019 -- LAVA First Time Entrepreneur Workshop. LAVA is extremely pleased to announce its next First Time Entrepreneur training program. The program is open to entrepreneurs that are starting companies in areas that are likely to draw venture capital investment. The program is not open to service providers. You are encouraged to apply today for one of the 25 slots open in our workshop.
Long Beach-based aerospace firm SpinLaunch Inc. announced June 20 that it had won a contract from the Department of Defense to develop a small satellite launch system prototype.
By definition, most entrepreneurs are thought leaders. They have the ability to recognize a market need, the skills to design and implement a solution, and the drive to start a business from that solution. It all comes from within themselves. A business leader does the same thing and more, through the people around them. Most entrepreneurs are not both.
Los Angeles-based venture investor TenOneTen Ventures is one of the investors in a newly launched startup, which is looking to use artificial intelligence and DNA testing to identify autism and other medical conditions. According to Probably Genetic , it has raised a round of venture capital funding from Khosla Ventures, TenOneTen Ventures, the Oxford Angel FUnd, as well as angels.
Editing human DNA has entered the public consciousness in a big way in recent years with its increasing use in laboratories— and, in recent news that shocked the scientific community, in embryos —of tools such as CRISPR-Cas9. Locana, a gene therapy biotech in San Diego, is taking what it describes as a “parallel path” to developing therapeutics that could potentially fix diseases by changing our genetic code through altering DNA’s molecular compatriot, RNA.
Los Angeles-based Elevate Services , a developer of enterprise, legal management software, has received $25M in an investment round, from private equity investor Kayne Partners, according to the two companies. According to Elevate, it has now deployed almost $60M in total for its efforts. Elevate said it will use the new, minority investment to scale its operations and to enhance its software.
If every entrepreneur could predict the future, starting the right new business would be easy. Since my experience and interests have been primarily with technology, I’ve been watching those trends for a long time, and I see rapid change, but predicting impact is a challenge. Recently I’ve changed my focus a bit to people demographics, and I find the implications a bit more concrete.
Irvine-based Verify , a provider of supplier performance management solutions for aerospace, high-technology, and other industries, said it has established a new, European subsidiary in Hamburg, Germany. According to Verify, its new subsidiary, Verify Deutschland GmbH will provide its full suite of solutions. Verify says it has been in Europe for over 40 years, but that the new subsidiary will provide a "significant and strategic" expansion of its capabilities in Europe.
There’s a speed dating game of sorts happening as pharmaceutical companies that have approved cancer immunotherapies are testing their medications in combination with experimental drugs in hopes of reaching more patients. San Diego’s Oncolytics Biotech (NASDAQ: ONCY ) has been an active participant in those combination efforts, with multiple pharmaceutical companies pairing its lead drug candidate, an oncolytic virus—which can infect and kill tumor cells, according to the National Cancer I
San Diego-based antenna technology developer Airgain says it has opened up a new, testing laboratory to specifically help in the development of new, 5G, millimeter wave (mmWave) products. According to Airgain, its new testing laboratory is designed for millimeter radio performance testing and validation from 24 GHz to 65 GHz, and has the capability to test the full range of mmWave systems including small cells, enterprise access points, fixed wireless access, and CPE (consumer premise equipment)
Santa Barbara-based whole home music system developer Sonos has sued Lenbrook Industries Ltd , the parent company of Bluesound Wireless Music Systems , over patent infringement, according to a court filing. According to a filing in the U.S. District Court for the Central District of California, Sonos sued Lenbrook Industries Limited and Lenbrook America Corp. alleging patent infringement.
Wavemaker Three-Sixty Health , the healthcare startup investment fund led by Jay Goss, has now completed 20 early stage healthcare investments, after approximately one year of making investments, the fund said this week. According to the fund, 9 of the 20 investments it has made are Southern California companies, including Nicolette , Joany , Onramp Bio , Seqonce , Giblib , Evid Science , Health Tensor , Advekit , and Focus Motion.
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