Wednesday, October 4, 2017
Become a Socaltech Supporter!
Interested in letting Southern California's high tech community know you
are here for them? Want to reach Southern California's movers and shakers?
Become a SPONSOR or SOCALTECH SUPPORTER! Our sponsors and supporters are featured on our website, and online service provider directory, as well as in our newsletter multiple times per week. It's a great way to both get the word out about your services, as well as support our news coverage of local companies across the tech industry!

Contact for details.

Ligand Buys Crystal Bioscience For $25M
San Diego-based Ligand Pharmaceuticals announced late Wednesday that it has agreed to acquire Crystal Bioscience, a developer of chicken-derived, human antibodies. Ligand said it agreed to pay $25M in cash plus additional potential payments of up to $10.5M based on "success-based" milestones and revenue sharing. Crystal has developed technology which allows chickens to be used to generate human antibodies. Crystal bills its antibody technology "OmniChicken".

posted on Wednesday, October 4, 2017(Full story)

Techstars Music Makes Call For New Los Angeles Class
Techstars Music, the music startup accelerator in Los Angeles, says it is on a worldwide tour to find founders interested in participating in its new class, which starts on February 5h. According to Techstars, its applications close on October 15th, and that it will be making final selections around December 15th. Last year, Techstars Music said it had 11 startups who participated, who have so far raised more than $15M in total funding. Techstars Music is just one of three startup accelerator ef (More info...)

posted on Wednesday, October 4, 2017(Full story)

March Capital's FogHorn Finds $30M More
FogHorn Systems, a developer of machine learning software for the industrial and commercial IoT market, which is backed by Santa Monica-based venture investor March Capital, has scored more funding. FogHorn said it received $30M in a Series B funding, which was led by Intel Capital and Saudi Aramco Energy Ventures, and also included Honeywell Ventures. The company's Series A investors, which include March Capital Partners, along with GE, Dell Technologies Capital, Robert Bosch Venture Capital, (More info...)

posted on Wednesday, October 4, 2017 (More)(Full story)

Ten-X Acquisition By Thomas H. Lee Completes
Irvine-based Ten-X, an online real estate marketplace, is now officially owned by private equity investor Thomas H. Lee Partners, T.H. Lee said this morning. The deal was originally announced in August. Ten-X, formerly known as, was venture backed by Stone Point Capital, and CapitalG (formerly Google Capital), who continue to hold minority stakes in the company. Financial details of the acquisition were not announced. Ten-X has an online real estate marketplace for both residential a (More info...)

posted on Wednesday, October 4, 2017(Full story)

Snap Says It Has Sold 150,000 Spectacles
Evan Spiegel, the CEO of Venice-based Snap, says that so far, it has sold more than 150,000 of its camera-equipped sunglasses--much more than expected by the company. Spiegel reported the sales numbers in an interview with Vanity Fair at its Vanity Fair New Establishment Summit yesterday. Snap first rolled out its Spectacles in September of 2016, through limited access "vending machines", but has since started selling them it its own stores,, and through other outlets.

posted on Wednesday, October 4, 2017(Full story)

Veracity Industrial Networks Adds $1.5M In Funding
Aliso Viejo-based Veracity Industrial Networks, which develops secure industrial networking technology, has raised $1.5M in a Seed D funding, the company announced this morning. The funding came from Microsemi, Hollencrest Capital Management and Schweitzer Engineering Laboratories (SEL). Veracity, which is led by CEO Paul Myer, said the funding will go towards ramping its business, as well as for further development of its industrial cybersecurity products. Veracity's technology is used in such (More info...)

posted on Wednesday, October 4, 2017 (More)(Full story)

Green Commuter Opens Up Electric Car Sharing In LA
Los Angeles-based Green Commuter, a startup offering up electric car sharing services, says it has officially started offering up its services in Los Angeles. Green Comutter is now offering up Tesla Model X vehicles to LA residents by the hour or weekend, while offering up those same vehicles to vanpoolers and fleets during the week. According to Green Commuter, its vehicles are available to users via its mobile app. Green Commuter did not say how many vehicles it has so far deployed in LA< but (More info...)

posted on Wednesday, October 4, 2017(Full story)

Newegg Aims At Maker Market
Los Angeles-based online e-retailer Newegg is setting its sights on the growing "Maker" market, the large group of technology enthusiasts who are into building and creating their own electronic projects. According to Newegg, it has launched a new "Maker" category on its site, which it says is dedicated to builders and DIY tech enthusiasts. According to Newegg, the new category will feature such items as developer kits, drones, home automation and boards, including Raspberry Pi and other similar (More info...)

posted on Wednesday, October 4, 2017(Full story)

Try 2 months with better backups - KeyCloud
Right now, sign up for 2 months FREE Cloud Backup and Recovery services
with KeyCloud. The most important part of your backups isn’t the taking of
that backup, but the guaranteed ability to recover and restore. KeyCloud
Backup and Recovery as a Service (BRaaS) is hosted on enterprise grade
technology and performs “0” downtime backups, a capability unique to

Including software, offsite storage and support, KeyCloud BRaaS causes NO
IMPACT on your daily business or production, and gives you the confidence
of having a solid cloud resiliency plan in place. With KeyCloud, rest
assured knowing your most important data is always protected and
available, without the hassle of managing it yourself.

To receive a risk free 2 month trial of KeyCloud BRaaS, visit:

Square 1 Bank
Square 1 Bank is a division of Pacific Western Bank, a Los Angeles-based commercial bank with over $21 billion in assets. A full service financial services partner to entrepreneurs and their investors, Square 1 provides clients flexible resources and attentive service to help their companies grow. Square 1 offers a broad range of venture debt, treasury and cash management solutions through offices in top innovation centers: Atlanta, Austin, the Bay Area, Boston, Chicago, Denver, Durham, Los Angeles, Minneapolis, New York, San Diego, Seattle and Washington, DC. Pacific Western Bank is a wholly-owned subsidiary of PacWest Bancorp (NASDAQ:PACW). For more information, visit, or send an email to

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 In Los Angeles, contact Ryan Mondillo (

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. 805-230-1350

Stradling, Attorneys At Law (

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.

Sponsored By


Recent Interviews

Browse Issues