Sat.Apr 28, 2018 - Fri.May 04, 2018

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Sonos Aiming At IPO In June

socalTECH

Santa Barbara-based Sonos --which reportedly has filed for a confidential IPO with the SEC--expects to have its IPO in June, according to multiple reports, meaning that the IPO paperwork for the company should be made available soon to the public. The IPO would reportedly value Sonos at between $2.5 billion and $3.0 billion. Companies like Sonos have recently been using "confidential IPO" filings in order to shake out issues in their IPO paperwork with the SEC, before making those filings availa

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Silicon Beach Report May 2: Soothe Raises $31 Million, Heads to Vegas

L.A. Business Journal

Soothe raises $31 million, heads to Vegas; Snap doubles down on redesign; SpaceX commercial missions delayed.

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Massage-on-demand company, Soothe, raises $31 million

TechCrunch LA

The massage-on-demand service Soothe seems to be rubbing investors the right way with the close of a new $31 million round of funding. The Series C round from late stage and growth capital investment firm, The Riverside Company , caps a busy first quarter for the massage service. It also relocated from Los Angeles to Las Vegas; named a new chief executive; and announced new geographies where its massage booking platform is now available. .

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Have you made the mistake of hiring too soon?

Berkonomics

Well, you may not be alone. Many executives and managers have made the mistake of using the financial and sales forecast to plan and execute hiring of new employees – so that they could be trained and up to speed when the demand arrives. The balance between preparedness and cost. Although hiring early does add to overhead by bringing employees aboard before they. become economic contributors to the bottom line, there is much to be said about consistent or improved service quality by having

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Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19

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.

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FloQast Names Engineering VP

socalTECH

Los Angeles-based software developer FloQast said today that it has named Amit Nayar as its new Vice President of Engineering. FloQast, which develops close management software for accountants, said Nayar was most recently Vice President and Head of Technology at ConsumerTrack, and also had served as Vice President of Engineering at GoDaddy, Director of Cloud Architecture at American Apparel, and Director of Software Engineering at Quark Software.

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Silicon Beach Report May 4: Google Partners with Fandango

L.A. Business Journal

Google partners with Fandango; Layoffs at Uproxx Media Group; lawmakers call for diversity in tech.

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Synthorx Raises $63M to Advance Suite of Enhanced Cytokine Drugs

Xconomy

After demonstrating in 2016 how its synthetic biology technology could produce new biologic drugs , San Diego’s Synthorx today revealed that its lead drug candidate is an improved version of interleukin-2, an anti-cancer drug of intense commercial interest in the 1980s. Synthorx said its improved version of interleukin-2, known as Synthorin IL-2, is at the vanguard in a portfolio of enhanced cytokines the company plans to advance with $63 million in a Series C financing round disclosed today.

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NI0, Backed By $500K From Tech Investors, Gears Up For Launch

socalTECH

Los Angeles-based NI0 , a new startup in the sports and nutrition vertical, is gearing up for launch, backed by $500,000 in seed funding from a number of tech investors. The startup is aiming at the athletic training and recovery market, with a new sports tape which incorporates supplements. NI0 says its seed investors include Tim Chen of HTC, Trill Ventures (which has invested in Jarvish and 23 and Me); Eddy Chan (an investor in PayPal and SpaceX), Charles Huang (founder of Red Octane, the comp

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Silicon Beach Report May 3: Hulu Hits 20 Million Subscribers

L.A. Business Journal

Hulu hits 20 million subscribers; eHarmony data scientist hired by Facebook; On-Demand car wash coming to Los Angeles.

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Silicon Beach Networking Mixer at The Room (Free Drinks)

SoCal Tech Calendar

Wednesday, May 9, 2018 -- Silicon Beach Networking Mixer at The Room (Free Drinks). Wednesday, May 9th Starting at 6pm! Drinks, Presentations, and Networking! Meet new people and participate in lively discussions with outstanding names in the Silicon Beach community. Make sure to bring your business cards and be ready to make awesome connections with people across all industries.

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Histogen Treatment for Female Hair Loss Cleared for Clinical Testing

Xconomy

San Diego’s Histogen, a regenerative medicine company with technology for using nascent skin cells to produce “cosmeceutical” products, says the FDA has given a green light to its application for an initial safety study of its hair stimulation product in women. In the United States, Histogen says hair loss affects over 40 million men and 21 million women.

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Scientist.com Jumps Into Blockchain

socalTECH

San Diego-based Scientist.com , which operates an onlin emarketplate for outsourced research for the life science industry, has jumped into the world of Blockchain. According to the company, it has launched a new platform it calls DataSmart, which will ensure data and information integrity, and which is based on its own, proprietary blockchain technology.

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Silicon Beach Report May 1: Snapchat Stock Plummets

L.A. Business Journal

Snapchat stock plummets; Apple stock rises; Tech recycler sentenced to 15 months.

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Technology Services World (TSW) 2018

SoCal Tech Calendar

Monday, May 7, 2018 -- Technology Services World (TSW) 2018. TSW is an unrivaled source of peer learning, networking, and idea sharing. Learn how technology companies are leveraging the expertise of both their Sales and Service teams to land, retain, and grow customers.

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Why “Micro-Learning” is the New Diploma For Today’s Jobseekers

Xconomy

You’d be hard-pressed to find a workplace today where using technology isn’t an integral part of the job, whether it’s an AI-powered recruiting tool, special coding software for app development, or even just Google Sheets that help workers keep track of budgets. Whether you’re applying for a position in marketing or in the field of medicine, the ability to effectively interact with technology is crucial.

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Science 37 Links With Pharmaceuticals Firm UCB

socalTECH

Playa Vista-based Science 37 , the venture backed startup which is developing technology to allow pharmaceutical companies to conduct clinical trials at patients' homes, has linked with pharmaceuticals firm UBC. According to Science37, it is in a strategic collaboration with UCB to improve the clinical trial experience, with initial studies in the areas of neurology and immunology.

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Silicon Beach Report April 30: LeaseLock Lands $10 Million

L.A. Business Journal

LeaseLock lands $10 million; Disney inks deal with Twitter; Hyperloop for cargo in the works.

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LA CEOs

SoCal Tech Calendar

Thursday, May 3, 2018 -- LA CEOs. The Entrepreneurial Operating System to Achieve Results Josh Holtzman will share simple, practical tools you and your leadership team can begin using right away to get better results. Josh is a fourth generation entrepreneur that helps people get what they want from their businesses. Since beginning his career during the first Santa Monica dot.com boom in 1999, Josh has built and sold his company twice, and along the way managed to pick up accolades such as beco

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5 Virginia Startups at Collision 2018 That Should Be on Your Radar

Tech.Co

Just across the Potomac river from our nation’s capital sits Arlington, Virginia, a beautiful city filled with bustling businesses, thriving tech startups , and an innovative vibe that is drawing founders to this growing region. . Within its tech ecosystem, these five Arlington startups are making moves in big data, AI, and more, and need to stay on your radar.

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Ticket OS Acquired By Entertainment Benefits Group

socalTECH

Los Angeles-based TicketOS , a developer of a software platform that helps organizations automate the management of such entertainment assets as corporate entertainment suite inventory, entertainment and sports tickets, corporate hospitality, and other assets, has been acquired by Miami-based Entertainment Benefits Group (EBG). EBG is a provider of technology to power B2B and B2C.

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City Staffers Share Innovation Insights at Smart Cities Accelerator

Xconomy

In cities across the United States, the benefits of bike-sharing and electric scooters that can be easily rented with a smartphone app have often been overshadowed by controversy. In Dallas , Los Angeles , and Washington, D.C. , for example, complaints flooded into city offices earlier this year about the proliferation of “dockless” bikes cluttering sidewalks, handicap parking, and other public spaces.

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Strategic Partnerships and Business Development Tactics

SoCal Tech Calendar

Tuesday, May 1, 2018 -- Strategic Partnerships and Business Development Tactics. Join us as Stuart Halperin, founder of Hollywood Online (now Hollywood.com), discusses tactics for business development and strategic partnership creation when building your early stage startup company.

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OpenX Expands Executive Team

socalTECH

Los Angeles-based OpenX , which develops advertising technology, in addition to running its own ad exchange, said this morning that it has named three new executives. The company said it has named Sophia Chung as Vice President of product, Roy Firestone as Senior Director of Product, and Treven Ho as Senior Product Manager. Chung, who will be responsible for OpenX's mobile app development initiatives, was previously at AdColony, and also served at YP.com.

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Caltius Equity Partners Backs Health Payment Systems

socalTECH

Los Angeles-based private equity investor Caltius Equity Partners said late Wednesday that it has made a "significant" investment in Health Payment Systems , a developer of healthcare technology and services. Size of that investment was not announed. HPS is based in Milwaukee, Wisconsin, and helps health care providers and health insurance companies with healthcare billings and payments.

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Dollar Shave Club Boosts Team With Four Exec Hires

socalTECH

Los Angeles-based Dollar Shave Club is announcing a major boost to its executive team this morning, with the hiring of four executives--Alan Wizemannas Chief Digital Officer, Danny Miles as Chief Technology Officer, Gloria Synn as Vice President of Member Strategy, and David Kujda as Vice President of Experience Design. Wizemann was previously at Target, Lululemon, WebMD, and ShopIgniter; Miles was at Nike; Synn was at Nordstrom and Gap; and Kujda was at HomeAway and PayPal.

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Dollar Shave Club Boosts Executive Team With Four VP Hires

socalTECH

Los Angeles-based Dollar Shave Club is announcing a major boost to its executive team this morning, with the hiring of four executives--Alan Wizeman as Chief Digital Officer, Danny Miles as Chief Technology Officer, Gloria Synn as Vice President of Member Strategy, and David Kujda as Vice President of Experience Design. Wizeman was previously at Target, Lululemon, WebMD, and ShopIgniter; Miles was at Nike; Synn was at Nordstrom and Gap; and Kujda was at HomeAway and PayPal.

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Ingram Micro Disputes Report Of Financing Effort

socalTECH

Irvine-based technology distributor Ingram Micro is disputing a report, published by Reuters on Friday, which says the company is looking for additional financing for its business, of up to $4 billion. The company said it has "more than adequate financial capacity" to support its business, and has no intention to apply for additional financing in 2018.

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Interview with Elizabeth Cholawsky, HG Data

socalTECH

For this morning's interview, we caught up with Elizabeth Cholawsky , the new CEO of Santa Barbara-based HG Data (www.hgdata.com), which develops software which helps marketers and salespeople understand the "technology stack" of their potential customers and prospects. Cholawsky was most recently CEO of Support.com in the Bay Area, and also was an executive at Citrix Systems.

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Virgin Hyperloop One, Dubai Team On New Cargo Transport Startup

socalTECH

Los Angeles-based Virgin Hyperloop One , the advanced transportation technology startup which is now backed by Sir Richard Branson, has inked a deal in the country of Dubai , to launch a new startup called DP World Cargospeed. According to the companies, the new startup will develop a hyperloop system specifically designed for transporting cargo. In a launch in Dubai of the new company, Branson said he hopes to have those systems up and running within three years.

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Google Teams With Fandango For Movie Ticket Booking

socalTECH

Los Angeles-based movie ticketing service Fandango is powering a new service from , announced on Friday, which lets users of Google Assistant book tickets to their local movie theater. Financial details of the link between the companies were not announced. The new service is now available on Google Assistant for Android. READ MORE>>.

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VIEVU Acquired By Axon Enterprises

socalTECH

Ontario, California-based Safariland , the parent company of body-worn camera maker VIEVU , said this morning that it has sold VIEVU to Axon Enterprises. Financial details of the sale were not announced. VIEVU's cameras are used by law enforcement and others in the public safety market. As part of the sale, the two said they are in a 10-year agreement where Safariland will become the preferred holster provider for Axon's TASER weapons.

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Radiant Images, Pixvana Team On VR Software

socalTECH

Pixvana , which develops software which helps users create, edit, and show virtual reality (VR) content, said this morning that it has partnered with Los Angeles-based VR camera rental service Radiant Images. Pixvana said it will offer up a free trail of its SPIN Studio Platform to users who rent a VR camera from Radiant Images. Pixvana is venture-backed by Vulcan Capital, Madrona Venture Group, Microsoft, Cisco, Raine and Hearst Ventures, and is based in Seattle.

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Semtech Acquires IC Interconnect

socalTECH

Camarillo-based analog and mixed signal semiconductor maker Semtech Corporation announced this week that it has acquired substantially all of the assets of IC Interconnect , a developer of contract wafer bumping and other related services for the semiconductor industry. Semtech said it would pay approximately $7M in cash plus assumed certain obligations for IC Interconnect.

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Washe Raise $3.5M To Expand On-Demand Car Washes In LA

socalTECH

On-demand, car wash startup Washe , which lets users connect with professional mobile car washers, said this week that it has raised $3.5M in a seed funding, to help it to "greatly expand" its operation sin Los Angeles, as well as expand into other new markets. The Boca Raton, Florida-based startup said the lead investor in the round was Ron Zuckerman, a technology entrepreneur and investor.

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Report: Facebook's New Dating Features Driven Out Of LA, By eHarmony Veteran

socalTECH

A report today from TechCrunch said the new dating features announced this week by Facebook are being developed in Los Angeles, by former eHarmony Chief Scientist Steve Carter. According to the report, Carter helped design the psychometric and relationship models that became the basis of eHarmony. It's unclear how large of a team Facebook has working on those features in Los Angeles, however, the city is the home to a large number of companies developing online and mobile dating apps and service

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Endologix Names New CEO

socalTECH

Irvine-based Endologix , which develops treatments for aortic disorders, said on Wednesday that it has named John Onopchenko as the company's new Chief Executive Officer. Onopchenko had been the company's Chief Operating Officer since October of 2017. He previously had been EVP foR Acutus Medical, and also served at Volcano Corporation, Philips, and Johnson & Johnson, among what the company says is almost thirty years of experience in the medical devices area.

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