Silicon Beach Roundup June 21: Hyperloop One Explores System in Moscow

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Hyperloop One Signs Agreement with Moscow

Downtown L.A.’s Hyperloop One has signed a memorandum of understanding with Russian infrastructure company Summa Group to explore the building of a hyperloop transportation system in Moscow, reports the Wall Street Journal. The company is studying how to connect a hyperloop system with the city’s existing transport grid.

OpenX Adds a Culver City Office

Online advertising marketplace OpenX of Pasadena has opened an office in Culver City, according to a press release. It is the company’s seventh office worldwide and will accommodate new employees on the Westside of Los Angeles, especially for engineering teams.

OSI Systems Acquires American Science and Engineering for $269 million

OSI Systems of El Segundo has acquired American Science and Engineering for $269 million, according to a press release. American Science and Engineering of Billerica, Mass. manufacturers x-ray systems to inspect cargo, parcel, and people.

SpaceX Objects to $15,000 Usage Fee for Florida Port

Space Exploration Technologies Corp. is objecting to a proposal by Florida’s Port Canaveral that would charge the company $15,000 each time it brings back its rocket and landing barge back to port, reports Florida Today. The proposed fee is 14 times higher than what any other business is being charged for using port facilities, a SpaceX spokesman said.

Canvas Media Studios Receives Seed Funding

Digital content production studio Canvas Media Studios, which was formed last year by “The Lizzie Bennet Diaries” producers David Tochterman and Bernie Su, has received an investment from Allen DeBevoise’s Third Wave Digital and MNM Creative, reports Variety. The funding amount was undisclosed, but was in the seven figures, and will be used to expand development, production, and distribution.

Technology reporter Garrett Reim can be reached at [email protected]. Follow @garrettreim on Twitter for the latest in L.A. tech news.

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