News

HyperX Gets Naming Rights On E-sports Truck
December 19, 2018
Fountain Valley-based gaming accessory maker HyperX, which is part of Kingston Technology, says it has acquired the naming rights to the HyperX Esports Truck, in a deal with e-sports company Allied Esports. The truck, formerly known as the Esports Ar …

Fiction Riot Plans Short Form Video App
December 19, 2018
A new, Los Angeles-based content startup, Fiction Riot said this morning that it is plannig to launch a new mobile app, which developers short-form, video series for consumers. According to Fiction Riot, its new app, Ficto, will offer up subscription …

CoreLogic Completes Symbility Solutions Buy
December 19, 2018
Irvine-based CoreLogic announced this morning that it has completed its acquisition of Symbility Solutions, a developer of cloud-based, property claims workflow software for the property and casualty insurance industry. Financial details of the buy h …

Amgen, Molecular Partners Team On Immuno-Oncology Drugs
December 19, 2018
Thousand Oaks-based Amgen and Swiss biotech company Molecular Partners AG said Tuesday that the two are in a collaboration and licensing deal, for the commercialization of a molecule aimed at the immuno-oncology area. According to the two, Amgen obta …

Snap's New VP Of Hardware Swapped Out, Again
December 19, 2018
Venice, California-based Snap is continuing to see turnover in its hardware unit, SnapLab, and has lost its VP of Hardware Development in charge of its Spectacles sunglasses product, the third head of that unit in the past six months. Sahil Sharma, V …

Report: SpaceX Raising $500M For Satellite Internet Efforts
December 19, 2018
Hawthorne-based SpaceX is in the midst of raising another $500M in funding, according to the WSJ, in a funding round to help it bring its constellation of Internet satellites to space. According to the report–citing "people familiar with the fu …

Tinder Fires Employees Over Lawsuit, Says Report
December 19, 2018
Los Angeles-based dating/hookup app developer Tinder has reportedly fired a number of employees who had joined in a lawsuit against the company, as well as parent company Match Group, over what that group had said was "deliberate lowering" …

San Diego's Seismic Snags $100M, Joins Unicorns
December 18, 2018
San Diego-based Seismic, a developer of sales and marketing software, has raised $100M more in a funding round, which values the company at $1 billion, the company said on Tuesday. The funding round came from Lightspeed Venture Partners, T. Rowe Pric …

Luxtera Acquired By Cisco For $660M
December 18, 2018
In a big exit for Southern California, Carlsbad-based Luxtera, a developer of optical semiconductors used in the high speed networking market, has been acquired by Cisco, in a deal worth $660M in cash and assumed equity options. According to Cisco, i …

Erasca Picks Up $42M For Cancer Drugs
December 18, 2018
San Diego-based Erasca, a biopharmaceuticals startup which says it intends to develop oncology drugs to not just treat, but cure, cancer, has raised $42M in a Series A funding round. The funding was led by City Hill Ventures and Cormorant Asset Manag …