TECHNOLOGY

Recent and archived news stories on: Alternative Energy, Automotive, Computing, Engineering, Internet, Nanotech, Software, Telecom, Wireless...

Cylance Taps New Market

TECHNOLOGY: Looks to protect the home and all in itSecurity software maker Cylance Inc. is entering the consumer market.

Allegro Raises $10.7M

Allegro Ophthalmics LLC in San Juan Capistrano raised $10.7 million in equity financing. Terms were not disclosed.

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SEC Recommends Ubiquity Stock be Revoked

The Securities and Exchange Commission’s Division of Enforcement has recommended the stock of Irvine-based Ubiquity Inc. be revoked, according to SEC documents.

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Email Delivery Firm to Irvine

SendGrid announced today that it’s signed a lease for a new office space in Orange County.

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Santa Ana Tech Firm Bought

Cable Exchange, a Santa Ana-based company with 200 employees, was bought by CommScope Holding Co. on undisclosed terms.

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Vizio Seeks $110M in Damages from LeEco

Vizio Inc. filed two separate lawsuits today against LeEco, contending the Chinese conglomerate made false financial statements and claims in the run up to its proposed $2 billion acquisition, which ultimately collapsed in April.

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Maseeh Donates to Alma Mater

Portland State University in Oregon said alumnus and OC resident Fariborz Maseeh will give $5 million to renovate Neuberger Hall at its downtown campus.

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Carlyle Will Pump $200M into UST

Carlyle Group in Washington D.C., one of the largest private equity firms in the U.S., will invest $200 million for a 15% to 20% stake Aliso Viejo-based UST Global—valuing the company at over $1 billion—according to multiple reports.

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Acacia Invests in Restaurant Robotics

Acacia Research Corp. led a $3.1 million investment in Miso Robotics Inc. and signed an intellectual property agreement with the company to commercialize its main product for the restaurant industry.

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Jannard Unveils ‘Mind-Numbing’ Product

Irvine-based Red Digital Cinema Camera Co. is now making Hydrogen One, a smartphone that “seamlessly switches between traditional 2D content, holographic multi-view content, 3D content and interactive games,” founder Jim Jannard posted on the company’s online users forum this morning.

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AutoGravity Adds Investor VW

AutoGravity Corp, in Irvine received an undisclosed investment from VW Credit Inc. and its software will power the Volkswagen Credit smartphone app to provide financing for Volkswagen and Audi buyers in the U.S.; Volkswagen financing is also offered on AutoGravity’s platform.

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Ubiquity Faces Stock Revoke

The Securities and Exchange Commission said it has started the process of revoking the stock of Irvine-based Ubiquity Inc., which was due to update its filings with the SEC by June 30 but missed the deadline.

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Report: Ambry Price $890M

Ambry Genetics Corp. in Aliso Viejo will sell to Tokyo-based Konica Minolta Inc. for about $890 million, a report in Nikkei Asian Review said Sunday.

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Kia Finally Lands Sales Exec

Kia Motors America Inc. in Irvine hired Bill Peffer as its new vice president of sales, a position Michael Sprague held until he was promoted to chief operating officer in 2015.

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Ingram Named CEO of Sarepta

Sarepta Therapeutics Inc. in Cambridge, Mass., named Douglas Ingram its president and chief executive officer.

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CHOC Hires Texas-Sized CIO

Children’s Hospital Orange County in Orange appointed John Henderson vice president and chief information officer.

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