TECHNOLOGY

Restaurant365 Raises $88 Million

Irvine-based Restaurant365, a cloud-based restaurant accounting software, said it’s closed an $88 million minority investment led by ICONIQ Capital, a Silicon Valley-based growth equity firm.

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Samueli Family’s Latest Gift: $100M to UCLA

EDUCATION: Largest gift to namesake school

Henry and Susan Samueli last week continued their commitment to funding the region’s next generation of engineers and innovators.

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Cryoport’s Hot on Acquisitions

$20.5M Cash Buy of Cryogene

Cryoport Inc. (Nasdaq: CYRX), a provider of cold-chain logistics services for the biopharmaceutical industry, is a hot stock.

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Applied Innovation Showcases Advances, Entrepreneurs

Event Follows New Beall Family Donation

Elliot Botvinick, Ph.D., a University of California-Irvine professor who is involved in two startups, took home the prize of Entrepreneurial Leader of the Year at UCI’s Applied Innovation’s second annual award ceremony on May 29.

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UCI’s Esports Team Gets National Coverage

ESPN2 Showing 4-Part Documentary

University of California-Irvine’s varsity esports team is getting star treatment.

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GSA Nod for Cryotherapy Co.

Will Treat Military; Fitness Uses Too

Newport Beach-based cryotherapy chamber manufacturing firm Cryo Innovations has been awarded a government contract through the General Services Administration to provide its product to veterans and military personnel.

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More Microsemi Ties for Lantronix

Goren Joins Networking Company as Legal VP

David Goren, a member of the management team that pushed Microsemi Corp.’s revenue up to $2 billion prior to its sale last year, and a confidant of that company’s former chief executive, has rejoined former colleague Paul Pickle, in a senior role at Irvine-based networking products maker Lantronix Inc. (Nasdaq: LTRX).

Samuelis Give $100M+ to UCLA

Henry and Susan Samueli have given more than $100 million to their namesake school of engineering—the school’s biggest donation ever—at University of California-Los Angeles.

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Rentals, Retail Proposed for Ricoh Santa Ana Site

HOUSING: Arrimus proposes 1,150 Units

A nearly 15-acre industrial campus along Red Hill Avenue in Santa Ana, long used by Ricoh Electronics Inc., is being eyed for a large apartment project by its new owners.

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Trace3 Sales Surge Post-Midwest Merger

TECHNOLOGY: $1.2B sales beats prior projection

A blockbuster merger with a Midwest competitor last summer has gone faster and better than expected, according to Irvine-based IT services provider and consulting firm Trace3 Inc.

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The Business Journal Adds 2 Reporters

Costelloe, Corbett Covering Tech, Healthcare

Kevin Costelloe and Alexa Corbett have joined the Orange County Business Journal as reporters.

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OCTANe Holds TIF Event

Irvine’s CellOnyx, VolunteerCrowd Present

Aliso Viejo-based life sciences and technology company accelerator OCTANe held its 2019 Technology Innovation Forum at the Newport Beach Marriott Hotel & Spa last week, with a focus on the evolution of data and technology.

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CrowdStrike Files for IPO

Crowdstrike Holdings Inc., a security software maker that got its start in OC in 2011, has filed plans to go public.

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BlackBerry Sees Cylance Sales ‘Slow’

TECHNOLOGY: Still may reach 30% growth

A possible key customer loss and a revenue projection lower than a prior year have zapped some mojo from Cylance Inc. in the wake of its $1.4 billion sale to BlackBerry Ltd.

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STARTUPS & INNOVATIONS

A new coworking space and business accelerator for women entrepreneurs will open in Irvine this month. Hera Hub has leased 6,000 square feet at 16480 Bake Parkway, near the Spectrum Center mall.

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