Tue.Jan 03, 2017

article thumbnail

Proterra Raises $140M, Plans to Increase Hiring at City of Industry Plant

L.A. Business Journal

Electric bus manufacturer Proterra of Burlingame announced on Tuesday that it has raised $140 million from investors, which will be partly used to start manufacturing and hiring at its City of Industry plant.

article thumbnail

Proterra Raises $140M To Ramp Production, Hiring In Los Angeles County

socalTECH

Electric bus maker Proterra announced this morning that it has raised $140M in an equity funding round, a chunk of which will go towards ramping up initial production in the City of Industry, and hiring "key personnel" in Los Angeles and elsewhere for its electric bus manufacturing. According to Proterra, which is based in the Bay Area, the Series 5 round of funding was led by a $40 million investment from an undisclosed investor, an additional $60 million from several new investors, and also in

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Silicon Beach Report Jan. 3: Proterra Raises $140M, Plans to Increase Hiring at City of Industry Plant

L.A. Business Journal

Proterra raises $140 million and plans to increase hiring at City of Industry plant, SpaceX to resume launches on Jan. 8, and Mattel working on voice assistant for kids.

article thumbnail

Tribogenics Adds Advisor

socalTECH

Los Angeles-based Tribogenics , which is developing X-ray technology, said last week that it has added Professor Giuseppe Pezzotti to its Scientific Advisory Board. Pezzotti is at the Kyoto Institute of Technology. The company said it will use Pezzotti's expertise to help it expand use of its technolog to medical imaging, rare earth elements, mining, energy and other areas.

PMI 113
article thumbnail

Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19

Office leases are one of companies’ largest expenses, and if your whole team is working from home with no clear end in sight, you may be wondering what to do about your lease.

article thumbnail

Diverse Workforces Support the Growth of North Texas Innovation

Xconomy

We have made it a priority since the inception of the DEC to incorporate diversity into all that we do. We have hired a diverse workforce. We have created programs focused on diverse audiences including gender, age, religion, ethnicity, political affiliation, and more. We have made all of this a priority not only because it is the right thing to do, but also because a more diverse workforce and program offering has made our organization a better run and more relevant organization based upon our

article thumbnail

ShadeCraft Targets Robotics, Smart Home Market

socalTECH

Glendale-based ShadeCraft , a new startup using robotics technology for house shading, said it is launching its product at CES. According to the company, it will be unveiling an Sunflower, an autonomous solar powered and robotic shading system at CES. The company claims the device uses artificial intelligence, Internet-of-Things (IoT), and sensors. The company is led by Armen Gharabegian.

More Trending

article thumbnail

OpenGate Capital Sells Getronics LATAM

socalTECH

Los Angeles-based private equity firm OpenGate Capital announced today that it has sold Getronics LATAM to Southern Cross Group. Financial details of the sale were not annouced. The company claimed the exit provides 11 times invested capital for the firm. Getronics LATAM operates in Mexico, Colombia, Peru and Venezuela, and provides workspace management services, connectivity, data centers and consultancy services.

Capital 113
article thumbnail

Versant Closes on $400M Fund, Eyes More Biotech Deals in Europe

Xconomy

Versant Ventures now has $400 million in its coffers to fuel its pursuit of early-stage healthcare technologies and startups, and it has a particular goal of expanding its investment approach in Europe. With the closing of its sixth fund announced Tuesday, San Francisco-based Versant now aims to invest in as many as 25 companies in both North America and Europe—half of those investments in “companies we create from scratch,” says Brad Bolzon, Versant’s managing director.

Funding 52
article thumbnail

Clearlake Capital Acquires LANDESK

socalTECH

Santa Monica-based private equity investor Clearlake Capital Group L.P. announced this morning that it has agreed to acquire LANDESK , a developer of IT management software, from private equity investor Thoma Bravo. Financial details of the deal were not announced. As part of the acquisition, LANDESK said it will merge its existing portfolio company, HEAT Software, with LANDESK.

Capital 113
article thumbnail

Trump Administration Should Examine How Dodd-Frank Stifles Capital

Xconomy

A review by the new Trump administration and Congress of the 2010 Dodd-Frank legislation could address many of the stifling, unintended consequences of that law. Although designed to address abuses in the financial system that led to the 2008 recession, the far-reaching legislation had problems from the start. And while experts of all political stripes have recognized the need for changes, Dodd-Frank has remained uncorrected largely due to partisan battles on Capitol Hill—resulting in curr

Capital 49