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Levine Leichtman Acquires Legal Software Developer Iridium Technology

socalTECH

Los Angeles-based private equity investor Levine Leichtman announced this morning that one of its portfolio companies, BigHand Ltd, has acquired legal software developer Iridium Technology from private equity investor Polaris Growth Fund. Financial details of the deal were not announced.

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Hyperloop Transportation Technologies Starts Passenger Capsule Development

socalTECH

Los Angeles-based Hyperloop Transportation Technologies (HTT), one of three companies working on the Hyperloop concept in Los Angeles, announced this morning that it is beginning development of a full-scale, passenger capsule for its Hyperloop systems. which focuses on the aeronautics and aerospace market. READ MORE>>.

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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. ”

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TriTech, NASA In Economic Development, Technology Transfer Agreement

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TriTech Small Business Development Center (SBDC), which provides consulting and training to high tech entrepreneurs, and NASA Armstrong Flight Research Center , in Edwards, California, are in a new economic development, technology transfer, and research relationship, the two announced on Thursday. READ MORE>>.

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

TechCrunch LA

It seems Los Angeles is becoming an enterprise software hotspot. 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. LA gets a big SaaS exit as Fastly nabs the Culver City-based Signal Sciences for $775M.

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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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SpaceX Buys Swarm Technologies

socalTECH

Los Angeles-based rocket and spacecraft developer SpaceX has acquired Swarm Technologies, a developer of "smallsat" (small satellite) technology. Financial terms of the buy were not announced, and no details of the acquisition were announced. The deal was uncovered via a series of filings with the FCC.

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