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TuSimple Takes $95M For Autonomous Trucking Technology

socalTECH

TuSimple , a developer of autonomous trucking technology which has offices in San Diego and in China, said on Wednesday that it has raised $95M in a Series D funding round. The company was founded in 2015. The company was founded in 2015. The funding came from Chinese investors SINA Corp. and Composite Capital.

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Fisker Finds Funding For Battery Technology

socalTECH

Los Angeles-based Fisker , the new developer of electric vehicle and solid state battery technology which was crated by Fisker Automotive founder's Henrik Fisker, has received a strategic investment from Caterpillar Venture Capital. According to Fisker the funding will go towards the development of its solid state battery technology.

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London and SF have become Impact Tech hubs, with 280% increase in VC in 5 years

TechCrunch LA

New research has found that San Francisco and London have become two of the world’s leading hubs for VC investment into tech solutions that address one or more of the 17 UN’s Sustainable Development Goals (SDG), more commonly referred to as “Impact Tech” They are followed by Paris, Berlin, Stockholm, Shanghai and Beijing.

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Tour Engine Gets $4.84M For Internal Combustion Engine Technology

socalTECH

San Diego-based Tour Engine , a startup developing a new, more efficient engine that it says delivers a 20 percent gain in efficiency ove the internal combustion engine, has raised $4.84M in funding, the company said on Tuesday. The new funding comes on top of an earlier, $1M it received in a Phase I ARPA-E GENSETS grant in 2015.

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Cool Planet Collects $20M More For Biochar Technology

socalTECH

Cool Planet , which is developing agricultural technology centered around "biochar", which is used to boost the fertility of soil while also sequestering carbon, has raised $20.3M in a new investment round. Cool Planet, which has its headquarters in Greenwood Village, Colorado, is led by President and CEO Jim Loar. READ MORE>>.

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Pitching access management on the fly, Los Angeles-based Britive raises $5.4 million

TechCrunch LA

For chief executive Artyom Poghosyan and chief technology officer Alex Gudanis, Britive is simply the latest initiative in a decades-long effort to reshape security technology. Those cloud technologies presented new challenges for the kind of privileged access management technologies that Poghosyan had developed.

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Flipagram: More Than 1,000 Verified Musicians Added In 2015

socalTECH

Los Angeles-based video story app developer Flipagram said Wednesday that it added more than 1,000 signed, musical artists to its "Flipagram Verified" platform, letting those artists make their music available to Flipagram's users. Flipagram is led by longtime LA technology veteran Farhad Mohit. READ MORE>>.

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