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DriveCam Raises $85M, Acquires Firm

socalTECH

San Diego-based DriveCam , a provider of video-based products used for monitoring driver safety, announced today that it has raised $85M in a funding from a private equity firm, and also acquired a company, RAIR Technologies. The funding came from Welsh, Carson, Anderson & Stowe XI, L.P.

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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. Rivian has offices in Irvine and Carson, California, although its headquarters are in Michigan. Rivian received $1.3

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Creating the Next Generation of US Employees. My Investment in Treehouse

Both Sides of the Table

I’ve just completed an investment in Ryan Carson’s new company, TreeHouse. I’ve also talked about my favorite social entrepreneur, Charles Best, making a difference with Donor’s Choose – a program to increase donations to US public schools specifically allocated to supplies or projects you want to fund.