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Friday, October 27, 2017

StartEngine Raises $800,785 (So Far) In Its Very Own Equity Crowdfunding

Friday, October 27, 2017

Los Angeles-based crowdfunding site StartEngine said on Friday that so far, it has raised $800,785 in the equity crowdfunding for itself. StartEngine launched that equity crowdfunding effort back in September. StartEngine operates an online marketplace which lets companies run equity crowdfunding efforts for themselves, letting contributors gain equity in companies by contributing to funding rounds for startups. StartEngine is led by Howard Marks, who was a co-founder of Activision. The company is continuing to raise money in the crowdfunding campaign.

 
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Securonix Raises $29M For Big Data Security

Friday, October 27, 2017

Los Angeles-, Redwood City-and Addison, Texas-based Securonix, a developer of big-data focused, security information and event management (SIEM) tools for the cybersecurity market, recently raised $29M in a funding round. The Series A funding came from Volition Capital and Eight Roads. Volition Capital led the round, with Roger Hurwitz of Volition joining the company's board as part of the funding. Securonix runs its administration offices out of Los Angeles, sales and marketing in Redwood City, and other operations in Addison, Texas.

 
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Upfront Backs Jiko For Banking Alternative

Friday, October 27, 2017

Los Angeles-based venture capital investment firm Upfront Ventures has made an investment in Jiko, a startup developing an alternative to traditional banks. Jiko said this week that it raised $7.7M in its Series A, which came from Upfront Ventures, Radical Impact, and Social Capital. Jiko was founded by Stephane Lintner (formerly of Goldman Sachs) and Rocky Motwani (formerly of JP Morgan). Litner is also a Ph.D. in Applied and Computational Mathematics from Caltech. Jiko offers up a mobile app, a cash back debit card, and offering up investment options like U.S. Treasuries and other high yield investments. Jiko appears to be following a similar, but different, model to the banking industry as Pasadena's Green Dot, which pioneered the use of debit cards as an alternative to traditional banking services.

 
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Microsemi Acquires Timing Business From Vectron International

Friday, October 27, 2017

Aliso Viejo-based semiconductor developer Microsemi said it has agreed to acquire the high performance, timing business of Vectron International. Microsemi said it paid $130M for the business, which was owned by Knowles Corp.. Microsemi said the acquisition will help it expand its high performance timing product portfolio and expand in the aerospace and defense, communications, industrial applications market. Vectron develops such products as crystals and crystal oscillators; frequency translators; clock and data recovery products; SAW filters; SAW oscillators; crystal filters; SAW and BAW based sensors and components. Microsemi said those products are used in the telecommunications, data communications, frequency synthesizers, timing, navigation, military, aerospace, medical and instrumentation systems areas.

 
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AirMap Automates Drone Requests To FAA With New App Feature

Friday, October 27, 2017

Santa Monica-based AirMap, the startup developing airspace management software for drones, said on Thursday that it has added integration with the FAA, to automate what had been a very cumbersome process to gain authorization to operate near U.S. airports. According to AirMap, its app now allows licensed, commercial drone operators with Part 107 authorization to request authorization to fly in controlled airspace near four, U.S. airports, all via its iOS and Android apps. Those airports are Cincinnati/Northern Kentucky International Airport (CVG), Lincoln Airport (LNK), Reno-Tahoe International Airport (RNO), and San Jose International Airport (SJC). The automated system is the result of integration with the FAA's new Low Altitude Authorization and Notification Capability (LAANC) initiative, which streamlines the now lengthy process of requesting authorization to fly within five miles of an airport. Currently, pilots with a FAA Part 107 license must contact the airport they wish to fly near, on paper, and get specific authorization from authorities for their flight activity--something which could take up to 90 days.

 
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Evite Pushes 'Tiny Parties'

Friday, October 27, 2017

Los Angeles-based online invitation site Evite is hoping to encourage the use of its service in small, informal gatherings, through the promotion of what it calls "Tiny Parties". According to Evite, it's been seeing a trend where users are using its platform for events which have five or fewer invited guests over the past 12 months, with 9.3 percent of events on the platform fitting that description. To that end, the site said this week it has created the Evite Tiny Party Challenge sweepstakes, where it give away $500 to users who wath content from Evite "influencers" Sam Ushiro and Jenni Radosevich around creating their own "tiny party". Evite is a subsidiary of Liberty Interactive Corporation, and is led by CEO Victor Cho.

 
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Netflix Steals Back HR Exec From Scopely

Friday, October 27, 2017

Online movie streaming service Netflix has stolen back an executive from Los Angeles-based Scopely, to head up its human resources and talent management efforts. Netflix said on Thursday that it has named Jessica Neal as Chief Talent Officer of the company, to head up the company's group responsible for culture, human resources, recruiting, and coaching its team, according to the company. Neal had been Chief People Officer at Scopely in Los Angeles until earlier this year. She had joined Scopely in 2015. Neal is a veteran of Netflix, having served Vice President Talent and Talent Acquisition at the company from 2006 until 2013; she later was VP of Talent at Coursera. Netflix is based in Los Gatos, but has significant operations in the Los Angeles area.

 
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Thursday, October 26, 2017

Snapchat Avoids Fake News With Secret Weapon: Humans

Thursday, October 26, 2017

As more and more revelations of abuse of advertising systems at Google and Facebook by Kremlin-linked advertisers continue to surface--Venice, California-based Snapchat has managed to keep itself free of "fake news" using a secret weapon: humans. According to a report from Bloomberg, published Thursday, Snapchat has employed a team of human editors to surface legitimate, professionally edited content, specifically curating the news it is presenting to its users. That approach is dramatically different from Facebook and Google, who mostly rely on algorithms to drive news on their services. The report comes the same day as Google reported it would stop carrying ads from two, Kremlin-funded publications, RT and Sputnik, which have been linked to campaigns to influence the outcome of last year's U.S. elections.

 
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Virgin Galactic To Get $1 Billion From Saudi Arabia

Thursday, October 26, 2017

Mojave-based commercial spaceflight developer Virgin Galactic said on Thursday that the Kingdom of Saudi Arabia will invest $1 billion into the company. The funding comes from the Public Investment Fund (PIF) of Saudi Arabia, which also has the option to invest an additional $480M in the company for future space services. The deal was announced by HRH Prince Mohammad bin Salman Al-Saud, Crown Prince of Saudi Arabia, Deputy Prime Minister, Chairman of the Council of Economic and Development Affairs and of the PIF, and Sir Richard Branson on thursday.

 
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Marlin Equity Buys Logi Analytics

Thursday, October 26, 2017

Los Angeles-based private equity investor Marlin Equity Partners has acquired business intelligence and analytics software developer Logi Analytics, the two said Thursday morning. Financiald details on the transaction were not announced. Logi is based in Mclean, Virginia, and develops software that is used by application developers create analytics apps for the enterprise, business intelligence market. Marlin Equity has more than $6.7 billion under management; the firm says it has now completed over 100 acquisitions.

 
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ServiceNow Buys SkyGiraffe

Thursday, October 26, 2017

Santa Clara- and San Diego-based ServiceNow said on Wednesday that it has acquired San Mateo-based SkyGiraffe, a developer of a mobile software development platform. Financial details of the buy were not disclosed. ServiceNow said the buy will help its customers easily deliver "consumer-like" mobile experiences for applications build on its Now Platform. The company said it will embed SkyGiraffe's technology in its Now Platform in 2018.

 
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Tech Scenes: Espree Devora of WeAreLATech

Thursday, October 26, 2017






Welcome to Tech Scenes where we explore what makes tech founders and the cities they live in thrive.


In this solo episode we meet up with Espree Devora and talk about WeAreLATech, the LA tech community, collaboration, LA tech growth, and the passion behind being a tech connector in Los Angeles.

Watch Tech Scenes Episode One where we explore Los Angeles from Santa Monica, West Hollywood, to Compton and meet up with Royce Disini of Mobcrush, Greg Bettinelli of Upfront Ventures, Leura Fine of Laurel and Wolf, John Tomich of One Stop Internet, and Expree Devora of WeAreLATech.


Produced by: Jeff Martin CEO and Founder of Collective Genius and Lead by Change

Empowered by: Collective Genius - Executive Search for Emerging Companies. (www.collective-genius.com)

Media Sponsor: SOCALTECH - High Tech News and Information for Southern California. (www.socaltech.com)

 
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Impact Biomedicines Raises $90M In Structured Financing

Thursday, October 26, 2017

San Diego-based Impact Biomedicines has raised $90M in a structured financing from Oberland Capital, the company said today, to help it advance commercialization of its compound for the treatment of myelofibrosis (MF) and polycythemia vera (PV). According to Impact Biomedicines, the financing initially involves two milestone-based payments of $20 million each from Oberland Capital, with an additional $35 to $50M available once its lead compound, fedratinib, is approved by the U.S. Food and Drug Administration. Impact Biomedicines said that in exchange for the financing, Oberland Capital will receive predefined royalties on sales of fedratinib.

 
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GoFundMe Launches Studio Arm

Thursday, October 26, 2017

San Diego- and Redwood City-based GoFundMe, the online social crowdfunding site which lets people raise funding for everything from personal causes to nonprofit efforts, said today that it has launched GoFundMe Studios. According to GoFundMe, the new video production studio will be developing films that tell the many stories which emerge through the site. GoFundMe said that the new studio will be led by Wil Tidman and Chris Neil, and will product short-form documentaries, feature-length films, "live moments", podcasts, and editorial content. GoFundMe said it wants to show case the "most uplifting, moving stories about the good in people" through its new studio. GoFundMe said the first film to come out of the effort will be "Jim Ford, Repo Man", about a repo man who--when forced to repossess the car of an elderly couple, Pat and Stan--launches a GoFundMe campaign for the couple, changing all of their lives.

 
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Conversion Logic Names Three New Executives

Thursday, October 26, 2017

Los Angeles-based Conversion Logic, which develops marketing attribution software, said it has named three new executives. Conversion Logic said it has named Juan Pablo Pereira as Chief Client Officer, Matt Camassa as Chief Revenue Officer, and Tony Yang as VP of Marketing. Pereira was previously SVP at MarketShare/NeuStar; Camassa was previously at TEleSign; and Yang was previously at Mintigo. Conversion Logic is venture backed by Pelion Venture Partners, Rincon Venture Partners, Crosscut Ventures, Lerer Hippeau Ventures, Founder Collective, Revel Partners and TenOneTen. The company's software is used for cross-channel measurement of marketing efforts, using cloud-based analytics and machine learning.

 
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Wednesday, October 25, 2017

Tinder, Other Dating Apps Vulnerable To Exploits, Say Researchers

Wednesday, October 25, 2017

Dating apps from Los Angeles-based Tinder--not to mention similar apps from Bumble, OK Cupid, Zoosk, WeChat, and many others--are apparently full of security holes, according to researchers. Researchers said they were able to hack into the apps for many dating sites--tracking user locations, matching to social networking profiles, Facebook account information and user IDs, and much more. According to those researchers, they were even able to determine the Facebook authentication token for Tinder, and gain full access to accounts; with Tinder, the researchers said they were even able to intercept traffic to determine what accounts a user might be viewing based on unencrypted traffic for pulling up images of others.

 
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Sponsor Post: LA Tech Gives Back: 157 Volunteers, 32 Companies

Wednesday, October 25, 2017

The first, LA Tech Gives Back event was held this last week, on Thursday, October 19th, with 157 volunteers attending from 32 companies helping out Thursday at three different volunteer sites: Mark Twain Middle School in Venice, The Center at Blessed Sacrament in Hollywood, and LA Child Guidance Clinic in Downtown LA. The event--headed up by Silicon Valley Bank (www.svb.com)--a sponsor of socaltech--and was also sponsored by ZEFR, TrueX, Deep Current, The Bouqs, Hawke Media, Headspace, Mitu, Two Bit Circus, TrueCar, Embark Ventures, Aspiration, Full Stack Finance, plus LogoWorks, Cava, and NationBuilder. The #LATechGivesBack event was the first in Los Angeles for the nationwide event, which included more than 2,200 tech professionals from Massachusetts, New York, Colorado, California and Texas.

 
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Avalon Ventures Backs Averon

Wednesday, October 25, 2017

La Jolla-based Avalon Ventures is the lead investor in the Series A round for Averon, a developer of mobile identity verification software this week. Averon, which is based in San Francisco, said it has raised $8.3M in a Series A funding. Averon develops a mobile identity system which uses real-time, mobile network information--including SIM cares and location--to provide secure user verification for banking and e-commerce, fraud prevention, smart vehicles and homes, blockchain and IoT devices. Avalon's Rich Levandov and Brady Borhmann both join Averon's board with the funding round.

 
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PatientPop Links With Electronic Health Records Software From Greenway

Wednesday, October 25, 2017

Santa Monica-based PatientPop, the developer of healthcare scheduling and practice management software for healthcare providers, has linked up with electronic health records software developer Greenway Health. According to the two companies, they have added patient scheduling integration between Greenway Prime Suite and PatientPop's practice management software. The two said that when patient books an appointment through PatientPop, information is immediately sent to the practice's Greenway Prime Suite calendar. PatientPop is venture backed by Toba Capital, athenahealth, and Silicon Valley Bank.

 
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ViewSonic Ties With Logitech

Wednesday, October 25, 2017

Brea-based ViewSonic, the developer of flat panel displays and other display products, says it has linked up with Logitech, via the Logitech Collaboration Program (LCP). ViewSonic said the link will offer up a higher level of product integration with Logitech's products in the video conferencing and collaboration area.

 
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Advertisement

Stubbs Alderton & Markiles Preccelerator

Accelerating Growth for Early Stage Innovation

The Preccelerator® Program is a platform offered to select start-up
companies out of the Santa Monica office of Stubbs Alderton & Markiles,
LLP that provides interim office space, sophisticated legal services,
mentorship and access to a strategic perks portfolio with the objective of
helping you grow your idea from business concept to funded startup. The
Preccelerator® Program provides these benefits to as many as 10 promising
young startups in separate growth tracks.

http://stubbsalderton.com/preccelerator/


Advertisement

Oracle

Oracle offers a comprehensive and fully integrated stack of cloud
applications and platform services for small and mid-sized businesses. For
more information about Oracle (NYSE:ORCL), visit www.oracle.com. In Los
Angeles, contact Ryan Mondillo (Ryan.Mondillo@oracle.com).


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SoCal IP Law Group LLP - Serving the IP Needs of Technology Innovators

IP Litigation . IP Transactions . Patent & Trademark Prosecution . IP
Strategy .

Westlake Village . Santa Barbara . Irvine.

info@socalip.com 805-230-1350 www.socalip.com


Advertisement

Stradling

Stradling, Attorneys At Law (http://www.sycr.com" rel="nofollow">http://www.sycr.com)

Stradling Yocca Carlson & Rauth (“Stradling”) is a premier business law
firm with over 125 attorneys and 10 offices in the western US. The offices
are: Newport Beach, Santa Barbara, Santa Monica, San Diego, San Francisco -
SOMA, San Francisco - Financial District, Sacramento, Reno, Denver,
Seattle. The Firm’s corporate, litigation and public law practices are
well known for their expertise and depth. Stradling's clients include
emerging and high growth public and private companies as well as private
equity funds, venture capital groups and their respective portfolio
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it to provide the highest quality representation while maintaining the
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Early Stage Commercial Insurance - Pacific Unified Insurance Agency

We are a commercial insurance broker working with startup and early
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provide guidance and strategic planning during various phases and also
advise regarding employee benefit structures to assist in employee
recruiting and retention. Coverage placements include D&O, Property,
Liability, Workers Comp, E&O, Cyber/Network Security and Employee
Benefit Programs.

Contact:

John Huttinger, CIC, CRM
Vice President
Ph#310-370-5000 Ext 3025 w Fx 310-370-5454
johnhuttinger@pacificunified.com


Advertisement

Stradling

Stradling, Attorneys At Law (http://www.sycr.com" rel="nofollow">http://www.sycr.com)

Stradling Yocca Carlson & Rauth (“Stradling”) is a premier business law
firm with over 125 attorneys and 10 offices in the western US. The offices
are: Newport Beach, Santa Barbara, Santa Monica, San Diego, San Francisco -
SOMA, San Francisco - Financial District, Sacramento, Reno, Denver,
Seattle. The Firm’s corporate, litigation and public law practices are
well known for their expertise and depth. Stradling's clients include
emerging and high growth public and private companies as well as private
equity funds, venture capital groups and their respective portfolio
companies. Widely recognized for its expertise, responsiveness and
outstanding client service, the Firm's size, structure, and culture allow
it to provide the highest quality representation while maintaining the
responsiveness and relationships commonly associated with smaller firms.


Tuesday, October 24, 2017

Soylent Banned In Canada

Tuesday, October 24, 2017

Los Angeles-based meal replacement drink maker Soylent has had its products banned in Canada, the company said on Tuesday, by the Canadian Food Inspection Agency (CFIA). According to Soylent, the CFIA informed the company that its product do not meet Canadian requirements for a "meal replacement". As a result, Soylent said it is unable to continue shipping its Soylent products to Canada for distribution to customers. Soylent said it was "absolutely committed" to working with Health Canada and the CFIA to resolve the issue, but it does not have any timing on when its products may be available again in Canada. Soylent develops a "meal replacement" drink product, which is popular with video gamers and others looking to not waste any time cooking or eating real food. The ban in Canada is not the first time Soylent has run up against government regulators in bringing its products to market: the company also has had a number of earlier recalls of its powder in the U.S. Soylent is venture backed by GV (formerly Google Ventures), Tao Capital Partners, Lerer Hippeau Ventures and Andreessen Horowitz.

 
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ChowNow Orders Up $20M More In New Funding

Tuesday, October 24, 2017

Los Angeles-based ChowNow, the online food ordering software developer led by CEO Chris Webb, has raised $20M in a Series B funding, the company said on Tuesday. The funding was led by Catalyst Investors. ChowNow develops online ordering software it provides to restaurants, providing them with iPhone and Android ordering apps, website ordering support, and more. According to ChowNow, the company xpect to process around $300 million worth of online food orders from more than 8,000 restaurant partners this year. The company also said the new funds will go towards driving growth around its consumer-focused online food ordering service.

 
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Hulu Swaps CEO

Tuesday, October 24, 2017

Los Angeles-based streaming television service Hulu has swapped its CEO, saying Tuesday morning that Mike Hopkins has stepped down, and Randy Freer has been named as CEO. Hopkins is leaving for Sony Pictures Television. Hopkins had been CEO of Hulu since 2013. Freer previously was President and COO of Fox Networks Group, where he had been since 2013, and also is on Hulu's board. The two said Freer will be based in Los Angeles.

 
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Science Launches Its Own Financial Information Service Focused On ICOs

Tuesday, October 24, 2017

Santa Monica-based startup studio Science Inc. said Tuesday that it has launched its very own financial information service focused on initial coin offerings (ICOs) and cryptocurrency. Science said the ICO Watchdog will offer up notifications on ICOs, and provide secure updates about blockchain-based currencies, notifying users of significant movements in price and volume, upcoming sales, and more. Science said the new service will be offered up in real time through Slack, Messenger, and Telegram. The new startup is being led by founder and CEO Shaun Newsum. Science Inc. said the ICO news service was directly incubated out of Science Inc. Science has been in the midst of its very own ICO.

 
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Nimble Pharmacy, With Services In San Diego, Adds $28M

Tuesday, October 24, 2017

Nimble Pharmacy, a pharmacy delivery startup which currently offers up service in just San Diego and the Bay Area, has raised $28M in new funding. The funding was led by Sequoia Capital, and also included Y Combinator, First Round Capital, DAG Ventures and Khosla Ventures. San Diego is only one of two markets served by Nimble Pharmacy, which plans to use the new funding for expansion into new markets.

 
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Neural Analytics Wins $10M Contract From US Army

Tuesday, October 24, 2017

Los Angeles-based medical device developer Neural Analytics reported a win with the U.S. Defense Department this morning, saying it has received a $10M contract from the U.S. Army to developer a portable device to assess combat-related traumatic brain injury (TBI). According to the company, the contract was awarded by the U.S. Army Medical Research and Materiel Command. The company said the system will measure and monitor physiological parameters relevant to moderate-severe TBI and to operate in prolonged field care scenarios. The company has tapped Battelle for additional technical and engineering expertise to enable ruggedization and miniaturization of its technology suitable to meet military requirements. Neural Analytics is led by CEO and co-founder Leo Petrossian, Ph.D.

 
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Sommetrics Hires Financial Advisor For Capital Raise

Tuesday, October 24, 2017

San Diego-based Sommetrics, a developer of medical devices to treat sleep apnea, said today that it has hired investment advisor Key West Investments to help it raise additional capital. According to Sommetrics, the new capital will go towards supporting its development and commercialization of products to treat disorders of the upper airway such as obstructive sleep apnea and chronic snoring. Sommetrics is led by Richard Rose, M.D. The company did not say how much money it is planning to raise in its funding round.

 
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AutoGravity Partners With Auto Finance Firm

Tuesday, October 24, 2017

Irvine-based AutoGravity, the developer of a smartphone-based auto lending and financing app, said today that it has partnered with auto financing company Global Lending Servies LLC. According to AutoGravity, Global Lending Services, based in South Carolina, will provide access to finance offers through its platform. The company said the deal will give qualified car buyers access to a broader set of car finance options through its apps. AutoGravity provides auto financing through its iOS, Android, and also web-based apps. AutoGravity is led by Andy Hinrichs.

 
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H Code Media Adds Former Ambassador To Advisory Board

Tuesday, October 24, 2017

Los Angeles-based H Code Media, which provides digital advertising services for the US-Hispanic market, said this morning that it has added former U.S. Ambassador to Argentina, Noah Mamet, to its advisory board. H Code Media said Mamet is the first member of its advisory board, and will work with the company to deepen relationships with media companies in both Argentina and throughout Latin America. H Code Media is led by CEo Parker Morse; the company says it works with Latin American media companies to represent their digital inventory in the US to the advertising community.

 
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Neohire South

Your source for the most sought-after startup jobs.

At Neohire South, we take our relationships seriously. We apply years of
industry experience to assess and curate our talent pool - connecting only
top-notch tech candidates with the most exciting startups in the industry.
Whether you’re building your team or searching for a job you love, we want
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Monday, October 23, 2017

Cloud9 Finds $25M For Esports Efforts

Monday, October 23, 2017

Los Angeles-based Cloud9, an e-sports organization which participates in the League of Legends, Call of Duty, Counter-Strike: Global Offensive, Hearthstone, and many other e-sports leagues, said Monday that it has raised $25M in a series A funding. The funding included WWE, The Beverly Hills Sports Council, Raul Fernandez (Monumental Sports & Entertainment), Michael Ovitz (CAA), Founders Fund, plus David Sacks and Bill Lee. Cloud9 says that, although its offices are in Los Angeles, it has teams, players, and personalities are located across North America, Europe, and Asia.

 
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Jam City Rolls Out Halloween Promos

Monday, October 23, 2017

Los Angeles-based mobile game maker Jam City has rolled out a big push for Halloween, saying on Monday that its launching a number of promotions across its six mobile games, including Cookie Jam, Panda Pop, plus Family Guy: The Quest for Stuff, Family Guy: Another Freakin' Mobile Game, Marvel Avengers Academy, and Futurama: Worlds of Tomorrow. The game maker said all of the games will feature in-game Halloween events, including fan costs, new content, costumes, and other related challenges. The promotions include a new area on Cookie Jam called "Marhmalloween Isle" and a contest to win in-game currency and swag by uploading photos of their own, homemade Halloween treats.

 
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Ground Control Powers New Site, Biden's Briefing

Monday, October 23, 2017

Los Angeles-based Ground Control, the new digital content startup led by serial entrepreneur Mike Macadaan, is powering a new online site, Biden's Briefing, which features podcasts and other content from former Vice President Joe Biden. Ground Control--which is venture backed by CAA--says that the new site is a collaboration between the company and the Creative Artists Agency. Biden's latest podcast focuses on the fight to end sexual assault on campus, and is featured on the website, iTunes, Spotify, TuneIn, as well as through Amazon Alexa and Google Assistant. Macadaan was Chief Creative Officer at Science Inc., CCO at Fox Interactive, VP of User Experience and Design at AOL.

 
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Competition For Amazon's Next HQ Reach Fevered Pitch: 238 Proposals

Monday, October 23, 2017

Local cities in the region hoping to get a chance to become the next headquarters for Amazon.com appear to have some stiff competition, as Amazon.com said today that it has received a total of 238 from cities and regions in 54 states, provides, districts, and territories across North America. Amazon put out the call for proposals for what it calls "Amazon HQ2", which called a "full equal" to its current headquarters in Seattle. Amazon expects to create as many as 50,000 high paying jobs at the new location. Local, Southern California cities have all submitted proposals, with one from the LAEDC which ties together nine cities in LA County hoping for the HQ; another proposal from San Diego from the San Diego Regional Economic Development Corp.; a proposal from The Irvine Company for an HQ in Orange County; a separate effort in Riverside County; a proposal from Oxnard for a HQ in Ventura County; among others....

 
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DTS Launches Amazon Alexa-Enabled Phorus Speaker

Monday, October 23, 2017

Calabasas-based DTS has launched a new, Amazon Alexa-enabled, whole home speaker called the Phorus PS10, the company said Monday morning. DTS said the speaker is the first in its line of Play-Fi speakers to support the Amazon Alexa Voice Service, allowing users to access information, play music, and control other home automation devices just like you can with the Amazon Echo and Echo Dot. The Phorus PS10 will retail for $249, and is currently available through the Phorus website and Amazon. DTS offers up its Phorus devices both directly, as well as licenses those designs and technology to third-party brands. The Phorus speakers can connect into a network of other, Phorus-technology powered speakers, and also supports control via Android, iOS, and Kindle apps.

 
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Report: Snap's Spectacles Piling Up At Warehouses, Unsold

Monday, October 23, 2017

A report, published by The Information this morning, says that Venice, California-based Snap "badly overestimated demand" for its Spectacles product, and now has hundreds of thousands of units piled up in warehouses. The report cited two people "close to the company", saying Snap is "already struggling to meet expectations". The report comes despite a recent statement by Snap CEO Evan Spiegel which said it has so far sold 150,000 of its sunglasses, "much more than expected."

 
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