TOP NEWS

Sixgill Snag $27.9M

Santa Monica-based Sixgill, a developer of Internet-of-Things, sensor software, has raised $27.9M in a Series B funding round, the company said last week. The funding was led by DRW Venture Capital, and also included Mobile Financial Partners. Sensor is led by longtime tech veteran Phil Ressler, who previously has served at Bottlenose, Lumenz Networks, MyGreenlight, Big Stage Entertainment, Clearstone Venture Partners, and many other companies....Continue →


Up Thursday: Episode 1 Of Tech Scenes, A Look At SoCal's Startup Ecosystem

Looking to figure out what makes Southern California's thriving technology industry tick? We've partnered with Tech Scenes, produced by Jeff Martin, to help showcase what makes the region such an attractive community for startup entrepreneurs and venture investments. Episode 1 will be posted here on socaltech on Thursday, September 21st; Tech Scenes will post two more episodes and 11 single guests shows, once a week, every Thursday for the next three months....Continue →


Sonendo Gets $50M For Dental Technology

Laguna Hills-based Sonendo has received $50M in a growth investment, from private equity investor General Atlantic, Sonendo said this morning. According to Sonendo, the funding round also included existing investors Fjord Ventures, OrbiMed Advisors LLC, Meritech Capital Partners, CVF LLC, and NeoMed. According to the company, the new funding goes towards commercialization efforts and to expand and diversity its product portfolio. Sonendo is led by President and CEO Bjarne Bergheim....Continue →


SpaceX Dragon Returns Successfully From ISS

A SpaceX Dragon capsule--loaded with experiments, trash, and other assorted items from the International Space Station--has successfully splashed down in the Pacific, according to SpaceX. The SpaceX Dragon--which has been docked at the ISS for the last month--departed the ISS on Sunday at around 2 am, and finally returned to earth at 7:15 a.m. on Sunday morning. The return marks the end of the 12th mission to and from the International Space Station for SpaceX....Continue →


SRAX Names New Board Member

Los Angeles-based advertising technology developer SRAX has named a new member to its board, the company said this morning. According to SRAX, it has added Colleen DiClaudio to its board. DiClaudio is President of 340B Technologies, a healthcare technology company, and also has served at Complete Care Health Network and ChestPenn Health Services. SRAX says it now has nine board members. SRAX develops advertising automation software.Continue →


Yardi Launches Housing Registry For Hurricane Irma

Santa Barbara-based real estate software developer Yardi says it has launched yet another website to help victims of a hurricane find housing. Yardi said that it has launched a dedicated housing registry for people who were displayed by Hurricane Irma, to help them find temporary or permanent homes in the affected and surrounding areas. The site is the second created by Yardi in the last two weeks for victims of a hurricane....Continue →


Cie Digital Labs Names Entrepreneur In Residence

Irvine-based Cie Digital Labs (CDL) said this week that it has named Jim Davis as the company's new Entrepreneur in Residence. Davis previously served at at eBay and Pepsi, and is Managing Partner at early stage venture capital investor Rezven Partners. Cie Digital Labs, led by Anderee Berengian, recently has focused on helping brands and also startups take their ideas and turn them into new technology ventures.Continue →


Slacker Acquired By LiveXLive

San Diego-based online radio station and music streaming service Slacker Radio has been acquired by LiveXLive, the two companies announced on Friday. Financial terms of the acquisition were not announced, however, an SEC filing indicates the deal was worth around $50M, split between $44M in cash and $6M in stock. LiveXLive is a live music streaming service. LiveXLive said it will combine the content programming teams of both companies....Continue →


eFTW Takes On eSports Wagering

A new, Los Angeles-based startup is hoping to tie together the world of eSports and wagering, saying that it has launched a new service which lets users wager on eSports matches around the world for free, with the ability to redeem winnings for in-game prizes in League of Legends, DOTA 2, Counter-Strike:Global Offensive and other titles....Continue →


Report: Cornerstone OnDemand Hires Investment Bankers For Review

Santa Monica-based Cornerstone OnDemand has hired investment banking firms Centerview Partners and Goldman Sachs, in a move that could result in either a sale of the company, or help in fighting off an activist investor, according to a report....Continue →


StartEngine Plans New Equity Crowdfunding Campaign, For Itself

Los Angeles-based StartEngine, the equity crowdfunding site led by serial entrepreneur Howard Marks, told its supporters on Friday that it is planning to launch a new, equity crowdfunding effort: for itself. According to StartEngine, in an email to investors in earlier equity crowdfunding efforts on its site, that in the coming weeks, StartEngine will be offering its own shares to investors....Continue →


EDF Renewable Energy Wins Wind Deal In Oklahoma

San Diego-based renewable energy developer EDF Renewable Energy has signed a big, 120 megawatt wind energy deal in Oklahoma. According to EDF Renewable Energy, it has signed an agreement to supply Kimberly-Clark Corporation with 120 MW of wind energy from the Rock Falls Wind Project in Oklahoma, the first use of utility-scale renewable energy by the Kimberly-Clark....Continue →



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