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EcoFlow Hits $200M In Sales

socalTECH

Los Angeles-based EcoFlow, the developer of portable power stations, says it reached $200M in annual revenues in 2021, up 275% from the year before. The company is backed by Sequoia's China Fund, Hillhouse, and CICC, and received $100M in a Series B investment back in June of 2021.

Sales 113
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Shopify Reveals Generous New Scheme for App Developers

Tech.Co

Shopify has announced a new scheme for all of its App Store developers. Developers will not pay any commission on the first $1 million that they make in a given year. This scheme starts on August 1st of 2021. Harley Finkelstein (@harleyf) June 29, 2021. Richard Blair (@RichardLBlair) June 29, 2021.

Develop 159
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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.

Startup 310
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Developing a Sales Strategy That Builds Traction

SoCal Tech Calendar

Wednesday, February 24, 2021 --.

Develop 100
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Ecwid, NuORDER Acquired By Lightspeed For Nearly A Billion Dollars

socalTECH

Two, Los Angeles area companies--Ecwid and NuORDER--are in a deal to be acquired by Canadian point-of-sale software developer Lightspeed, Lightspeed announced on Monday. According to Lightspeed, it will pay approximately $500M for Ecwid, split between $175M in cash and $325M in shares of the company.

Commerce 113
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LA’s Replicated looks to increase R&D and hiring for its operations management software after raising $25 million

TechCrunch LA

The Los Angeles-based operations and security management software service, Replicated has raised $25 million to ramp up its staffing and scale its sales and marketing efforts. As developers embrace Kubernetes, Replicated launches tools to manage its deployments. “Once we started building on that success. .”

Software 224
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AeroVironment Wins $5.9M Contract For Unmanned Aircraft

socalTECH

Simi Valley-based unmanned aircraft systems developer Aerovironment reported a $5.9M Department of Defense Foreign Military Sales (FMS) contract award. The unmanned aircraft are expected to be delivered by April of 2021. The unmanned aircraft are expected to be delivered by April of 2021. hours, with a range of 12.4