TechCrunch LA
JUNE 21, 2016
Hyperloop One, a Los Angeles-based startup working on making Elon Musk’s crazy-fast vacuum tube transportation blueprint a reality, has agreed to partner with the Summa Group and the Russian Government to build a Hyperloop in Moscow. The Summa Group is a Russsian investment group with a large stake in infrastructure investments in the country including port logistics, engineering… Read More.
socalTECH
JUNE 21, 2016
Los Angeles-based Hyperloop One , one of the local companies which is looking to bring Elon Musk's idea of high speed transportation to reality, reported today that it has signed a Memorandum of Understanding (MOU) with the city of Moscow, to explore building high-capacity, passenger systems in the Russian city. Hyperloop One said the MOU came in conjunction with infrastructure provider The Summa Group, which it says has "significant" infrastructure investments in Russia.
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L.A. Business Journal
JUNE 21, 2016
Hyperloop One explores system in Moscow, OpenX adds Culver City office, OSI Systems makes $269 million acquisition, and more.
socalTECH
JUNE 21, 2016
Mobile Roadie , the mobile app creation and marketing software developer--which was recently acquired by Intellectsoft--said it has named Gino Padua as its new Chief Executive Officer, and Vova Soroka as its new Chief Technology Officer. Padua was most recently Chief Revenue Officer at AppsFreedom, and has been at Intellectsoft for the last three years.
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Tech Zulu Event
JUNE 21, 2016
Remittance fees – the charges applied to international monetary transfers – are a pain. Sums of money that have already been earned can take a serious knock when transfer services get their hands on them. Luckily, new app Kwiksy is taking power away from transfer vendors. Have you ever been paid via Paypal? Mighty convenient, isn’t it? Mighty convenient, that is, right up until the point when they start charging you for withdrawing money from your account.
socalTECH
JUNE 21, 2016
Aliso Viejo-based Telogis , which develops connected vehicle software, has been acquired by Verizon , Verizon announced on Tuesday afternoon, saying it would. become part of Verizon Telematics. Financial terms of the acquisition were not announced. Verizon said the buy would bring a "world-class" software platform and new distribution relationships to its telematics efforts.
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
socalTECH
JUNE 21, 2016
Verve , a provider of location-based advertising technology which has operations in San Diego, said this week that it has acquired wireless beacon startup Roximity , and raised $30M in a debt funding. Financial details of the acquisition were not announced. The debt funding came from Silicon Valley Bank. According to Verve, a portion of the debt went towards the acquisition.
socalTECH
JUNE 21, 2016
Los Angeles-based advertising technology and ad network operator OpenX is expanding in the Los Angeles area, saying this morning that it has opened up a new, Culver City office. The office is the company's seventh office worldwide, and the third in California. According to OpenX, the new office gives it better access to talent, especially on the west side, helping those employees achieve a better work-life balance.
socalTECH
JUNE 21, 2016
Los Angeles-based Livit , which is a developer of a live, mobile, virtual reality streaming app and service, said today that it has named Marty Corwin as the company's Director of Global Sports. Corwin has previously served at such companies as Top Rank Boxing, ESPN, Viacom, DirecTV, FOX, FIFA, Paramount Stations Group, CBS Network, HBO, Showtime, Don King Productions and UFC.
socalTECH
JUNE 21, 2016
Hawthorne-base OSI Systems , which develops electronics systems for the homeland security, healthcare, and other markets, said this morning that it has acquired American Science and Engineering, Inc. (AS&E), in a deal worth approximately $187M. OSI said it would pay $37.00 per share in cash for A&E, which makes backscatter X-ray inspection equipment used for screening cargo, parcel, and personnel.
socalTECH
JUNE 21, 2016
Los Angeles-based iGulu , a startup developing an automated, smart craft beer brewing machine, says it has raised $701,416 in funding via an Indiegogo campaign, for its development efforts. The company's automated craft brewing machine is expected to be delivered in Q3, according to the company. The company is led by CEO Shu Zhang; the company is charging $549 for its devices in pre-order.
socalTECH
JUNE 21, 2016
San Diego-based Qualcomm said today that it is now broadly supporting the. European Galileo Global Navigation Satellite System (GNSS) across its entire range of products. GNSS is the European equivalent of the GPS systems, offering up global satellite positioning services. Qualcomm says the GNSS support comes on top of existing support for the GPS, GLONASS, BeiDou, QZSS, and SBAS satellite location services.
socalTECH
JUNE 21, 2016
Santa Monica-based biopharmaceuticals developer Kite Pharma has opened up a new, 43,500 square foot manufacturing facility in El Segundo, the company said today, to manufacture its cancer immunotherapy products. According to Kite Pharma, the new facility will support production of its chimeric antigen receptor (CAR) and T-cell receptor (TCR) product candidates for clinical trials, along with commercial launch of its lead T-cell product candidate, KTE-C19.
socalTECH
JUNE 21, 2016
Blueprint Bio a developer of biomarker technology for the personalized medicine market, has raised $7.5M from Murrieta-based Forentis Partners. Blueprint Bio has offices in Murrieta, along with Philadelphia and Rochester, MN, at the University of Pennsylvania and the Mayo Clinic. According to Forentis Partners, the funding is the first funding out of its $50M, special purpose venture fund focused on biotechnology, its Forentis Fund.
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