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

TechCrunch LA

Starship Technologies is describing this as a “quasi-equity facility”, meaning there is a venture loan involved in the mix. million commercial deliveries (up from 2 million in October 2021) and travelled over 3 million miles globally. It has now made more than 2.5

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Silvus Gets $1M DARPA Award For RF Spectrum Scanning

socalTECH

Los angeles-based Silvus Technologies, a startup developing radio frequency (RF) spectrum scanning technology, has scored $1M from a Phase Three DARPA contract, the company said today. Silvus said its technology provides "extremely fast" spectrum scanning in a form factor the size of an iPhone.

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Former Avast CEO Steckler Dies Unexpectedly In Irvine

socalTECH

Vince Steckler, the former CEO of cybersecurity software developer Avast, has unexpectedly died in a car accident in Irvine, according to the software developer. According to Avast, Steckler passed away in a tragic car accident in Irvine, California, on June 15, 2021, at the age of 62. Steckler had both a B.S.

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USC Viterbi Startup Garage Deadline

SoCal Tech Calendar

Friday, April 2, 2021 -- USC Viterbi Startup Garage Deadline. USC Viterbi Startup Garage (VSG) is hosting an open call for early-stage technology startups for their Spring Cohort kicking off late-April. Any IP developed by the teams is theirs to keep! Interested teams should apply no later than Midnight April 2, 2021 (PT).

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TuSimple Names Permanent CFO, Names New Board Members

socalTECH

San Diego-based autonomous driving technology developer TuSimple -- which has been fighting a possible deslisting after firing its CEO -- said it has named a new FO, and named multiple people to its board, as well as reconstituted its audit committee.

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What Does the Post Crash VC Market Look Like?

Both Sides of the Table

Should SaaS companies trade at a 24x Enterprise Value (EV) to Next Twelve Month (NTM) Revenue multiple as they did in November 2021? But it will be patiently deployed, waiting for a cohort of founders who aren’t artificially clinging to 2021 valuation metrics. By 2021 we had to write a $3.5m