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Rocket Lab Acquires SolAero

socalTECH

Long Beach-based Rocket Lab announced late Monday that it has acquired SolAero Holdings, a supplier of solar power products and precision aerospace structures for the global aerospace market. The company said it paid $80M in cash for SolAero.

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FreeConferenceCall.com Launches Video Conferencing Service, Huddle

socalTECH

Long Beach-based free conference calling service FreeConferenceCall.com says it is launching itself into the video conferencing market, with a new service called Huddle. According to the company, it will allow the first 10,000 customers of the service to pick their own price for whatever they think the service is worth.

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Rocket Lab Plans IPO Via SPAC

socalTECH

Long Beach-based rocket developer Rocket Lab is joining the very long list of local technology companies, which is heading towards the public market through a merger with a Special Purpose Acquisition Company (SPAC).

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Sunstone Backs Lucira Health In $15M Funding

socalTECH

Long Beach-based investor Sunstone Management is one of the investors in Emeryville, California-based Lucira Health , as part of a Series B funding rounding, the company said on Monday morning. Sunstone Management is led by John Shen. Lucira Health's president and CEO is Erik Engelson. READ MORE>>.

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Apex Innovation Sciences Forms From Three Way Merger

socalTECH

A new company, Apex Innovation Sciences --with headquarters in Long Beach, California and Marlton, New Jersey--has formed out of a corporate merger of CNS Network and Hassman Research Insitute , along with the Clinical Trial Centers Alliance , three companies in the clinical trial studies industry, the companies said this morning.

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Momentum IoT Raises $3.1M

socalTECH

Long Beach-based Momentum IoT , a developer of telematics products for tracking trucks, trailers, heavy equipment, and other assets, has raised $3.1M in a funding round, the company said this morning. The company said the funding will go towards launching the newest generation of its IoT solutions. READ MORE>>.

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With a $3.5 million haul, Dray Alliance joins a booming logistics startup scene in LA

TechCrunch LA

With an angle on a long-neglected part of the shipping industry — the short-haul movement of cargo from docks to logistics centers — Dray Alliance is joining a growing startup scene for logistics businesses based in Los Angeles. Trucking logistics company NEXT Trucking takes in a $21 million haul. The company has raised $3.5

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