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Electro Rent Buys Microlease

socalTECH

Van Nuys-based Electro Rent , which provides rental and leasing of test and measurement equipment, said Friday that it has completed its acquisition of Microlease from Lloyds Development Capital. Financial details of that acquisition were not announced.

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Flying taxi startup Blade is helping Silicon Valley CEOs bypass traffic

TechCrunch LA

According to Business Insider , it has worked with Uber in the past to help deep-pocketed Coachella attendees fly to and from the Van Nuys Airport to Palm Springs, renting out six-seat helicopters for more than $4,000 a pop. The company has raised billions of dollars to turn this sci-fi concept into reality.

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Helinet Aviation Buys Shotover, Gets Funding

socalTECH

Helinet , a provider of flight services to the entertainment, media, and other industries which is based in Van Nuys, said Thursday that it has acquired Shotover Camera Systems , a developer of a gyro-stablized, camera systems used for shooting aerial footage in Ultra High Definition.

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Audiolife Gets $1M In Bridge Funding

socalTECH

Van Nuys-based Audiolife , a firm that develops tools and technology to sell merchandise to music fans, announced today that it has raised $1M in a bridge round of funding. The company said the funding will go to hire key personal, further develop its technology platform, and for strategic partnerships. READ MORE>>.

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