Monday, October 9, 2017
Strobe Acquired By G.M.
Pasadena-based Strobe, a startup developing LIDAR systems for driverless cars, has been acquired by GM, GM said on Monday. Financial terms of the acquisition were not announced. G.M. said it would make Strobe a part of its Cruise Automation subsidiary, which is developing self driving technology. Strobe was led by CEO Julie Schoenfeld, and was founded by Dr. Lute Maleki. Strobe is a spinout of another Pasadena technology company, OEwaves. Cruise Automation said that Strobe's chip-scale LIDAR te (More info...)

posted on Monday, October 9, 2017(Full story)

Rustic Canyon Backs UrbanSitter In New Funding Round
Los Angeles-based venture investor Rustic Canyon Partners is one of the returning investor in a new round for mobile, on-demand babysitting app and marketplace provider UrbanSitter. UrbanSitter said last week that it has raised $17M in a Series C funding round. The funding was led by Advance Venture Partners, and also included Canaan Partners, Aspect Ventures, DBL Investors, First Round Capital, Menlo Ventures and Rustic Canyon Partners. Rustic Canyon was an existing investor in UrbanSitter, whi (More info...)

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SpaceX Successfully Launches Satellites From Vandenberg, Lands Booster
Hawthorne-based SpaceX has successfully launched another mission into space, sending a package of Iridium communications satellites into space from Vandenberg Air Force Base this morning at 5:37 a.m. PDT, in a launch which was visible from many parts of Southern California. SpaceX also successfully landed the first stage of the Falcon 9 rocket on a droneship, "Just Read the Instructions", in the Pacific. Image: A photo of the SpaceX launch just after first stage separation, taken from Ventura Co (More info...)

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OpenX Names New CTO
Los Angeles-based OpenX has named a new CTO, saying this morning that it has appointed Paul Ryan as its new Chief Technology Officer. Ryan was previously CTO and founder of Zowdow, and also had served as CTO of Yellow Pages Group in Canada, Velocify and Overture. OpenX CEO Tim Cadogan said he has known Ryan for nearly two decades. OpenX operates an online advertising exchange and also is a provider of ad serving software.

posted on Monday, October 9, 2017(Full story)

Report: Amazon Facing Issues In Hollywood
A report from the WSJ says that Amazon is "failing to dominate" in Hollywood, and is running issues with "lackluster releases" and strained relationships with its producers. Amazon runs all of its content business and production out of the Los Angeles area, as part of Amazon Studios.

posted on Monday, October 9, 2017(Full story)

Quidel Closes On Acquisition Of Assets From Alere
San Diego-based diagnostic testing equipment maker Quidel has closed on its acquisition of Alere's Triage cardiovascular and toxicology business, the company said on Friday, in a deal worth up to $680M in total. Auqidel said it paid $400M in cash plus up to $280M in deferred consideration for Alere's B-type Naturietic Peptide (BNP) assay business. The deal had been originally announced on July 17th.

posted on Monday, October 9, 2017(Full story)

General Micro Systems Wins $88M Army Contract
Rancho Cucamonga-based General Micro Systems said this morning that it has won an $88M, military contract, for rugged server and display systems. According to General Micro, the contract was for the U.S. Army, and will be used within the Army's Type II medium mine protection vehicles (MMPV). General Micro says the systems are based on the Intel Xeon E5. The $88M contract is over three years.

posted on Monday, October 9, 2017(Full story)

SpaceX Targets Iridium Launch This Morning From Vandenberg
Hawthorne-based SpaceX is getting set this morning to launch another set of Iridium communications satellites into space, this time from Vandenberg Air Force Base, just north of Lompoc. According to SpaceX, the launch window for the Iridium-3 mission opens at 5:37 a.m. PDT, with a backup launch opportunity tomorrow, Tuesday, at 5:31 a.m. PDT. SpaceX said it will attempt to land the first stage of the Falcon 9 on a droneship in the Pacific Ocean with the launch.

posted on Monday, October 9, 2017(Full story)

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