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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 said it will provide engineering services to develop the electric platform.

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Reflections on 2019: Greg Monterrosa, Startup Community Leader

socalTECH

Their platform mimics human thought processes and provides explainable reasoning to aid human-like decision-making. What are you most looking forward to in the technology/startup world in 2020? AI is exciting, I love seeing the energy groups like AI LA, and companies like Beyond Limits are bringing our city.

Startup 196
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Reflections On 2019: Andy Wilson, Alliance for SoCal Innovation

socalTECH

While 2018 was all about better understanding the SoCal opportunity, 2019 was about honing our focus and defining our core programs. The start-up has developed kinetic energy based, long-duration energy storage solutions. I recall one of their early approaches relying on transporting rocks up a hill on a chair lift.

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Reflections on 2019: Brett Brewer, Crosscut Ventures

socalTECH

This was a big year for Crosscut because were finally delivering on our promise of implementing a full-scale investing platform after 11+ years in business. Growing our practice from 3 original partners who would meet at coffee shops into a full institutional investing platform is a constant evolution.

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Invoca Releases Updated Product

socalTECH

Santa Barbara-based Invoca , which develops call tracking and analytics tools, says it has released a new version of its software. The company says the release simplifies previously complex processes and makes data accessible across more platforms. Invoca is backed by Upfront Ventures, H.I.G. READ MORE>>.

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Ford Cancels Rivian Electric SUV Plans

socalTECH

Ford has cancelled an electric SUV it had planned to develop using technology from electric truck developer Rivian , as the automaker has gone into survival mode due to a massive impact from the ongoing pandemic. billion in funding in December of 2019 , from such investors as T. Rivian received $1.3 READ MORE>>.

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Blizzard President Out After Employee Walkout

socalTECH

Oneal has been at Blizzard since January, serving as Executive Vice President of Development, and was previously head of Vicarious Visions; Ybarra has been at Blizzard since 2019, serving as Executive Vice President and General Manager of Platform and Technology.