Thursday, October 26, 2017
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Snapchat Avoids Fake News With Secret Weapon: Humans
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 dif (More info...)

posted on Thursday, October 26, 2017(Full story)

Virgin Galactic To Get $1 Billion From Saudi Arabia
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 Affai (More info...)

posted on Thursday, October 26, 2017(Full story)

Marlin Equity Buys Logi Analytics
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 (More info...)

posted on Thursday, October 26, 2017(Full story)

ServiceNow Buys SkyGiraffe
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.

posted on Thursday, October 26, 2017(Full story)

Tech Scenes: Espree Devora of WeAreLATech

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, Leur (More info...)

posted on Thursday, October 26, 2017(Full story)

Impact Biomedicines Raises $90M In Structured Financing
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 (More info...)

posted on Thursday, October 26, 2017(Full story)

GoFundMe Launches Studio Arm
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, " (More info...)

posted on Thursday, October 26, 2017(Full story)

Conversion Logic Names Three New Executives
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 Ventu (More info...)

posted on Thursday, October 26, 2017(Full story)

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