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Hyundai taps EV startup Canoo to develop electric vehicles

TechCrunch LA

Hyundai Motor Group said it will jointly develop an electric vehicle platform with Los Angeles-based startup Canoo, the latest startup tapped by the automaker as part of an $87 billion push to invest in electrification and other future technologies. Canoo company recently opened the waitlist for its first vehicle. . ”

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Starship Technologies picks up €50M from the EU’s investment arm to expand its fleet of autonomous delivery robots

TechCrunch LA

The startup has received €50 million (just under $57 million at today’s rates) from the European Investment Bank, the funding arm of the European Union. Starship Technologies is describing this as a “quasi-equity facility”, meaning there is a venture loan involved in the mix. It has now made more than 2.5

Invest 233
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Reflections On 2017: Anna Barber, Techstars LA

socalTECH

During the holiday season, our tradition over the last few years has been to post reflections on the past year and some predictions from Southern California's "movers and shakers" in the technology industry. Those three LA programs alone invested in a total of 38 companies this year. What was the big news for your company this year?

Press 193
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Claiming a landmark in fusion energy, TAE Technologies sees commercialization by 2030

TechCrunch LA

In a small industrial park located nearly halfway between Los Angeles and San Diego, one company is claiming to have hit a milestone in the development of a new technology for generating power from nuclear fusion. ” TAE Technologies Michl Binderbauer standing next to the company’s novel fusion reactor. .”

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Core Innovation Capital Plans $100M, Third Fund For Fintech Investments

socalTECH

The fund--managed by Arjan Schutte and Kathleen Utecht--invests in financial technology companies, and counts such portfolio companise as Fair , Honest Dollar (acquired), CoverHound , Mirador (acquired), Nerdwallet , Ripple , Tio (acquired), and many others. As expected, the company has not detailed any information on the new fund.

Invest 133
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OpenX Reports More Than $170 Million in 2017 Revenue

L.A. Business Journal

OpenX, a Pasadena-based programmatic advertising technology company, announced $172 million in 2017 revenue in a March 13 report. In addition, OpenX invested $50 million into research and development this past year.

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Reflections On 2017: Michael Jones, Science Inc.

socalTECH

During the holiday season, our tradition over the last few years has been to post reflections on the past year and some predictions from Southern California's "movers and shakers" in the technology industry. What was the biggest personal lesson you learned from 2017? www.science-inc.com).