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Silicon Valley Startup To Buy Naming Rights To New LA NFL Stadium For $400M

socalTECH

Sofi just raised $500M from the Qatar Investment Authority this week, in a deal that gives the company a valuation of $4.3M. The new stadium, being build in Inglewood, is the future home of both the Rams and the Chargers, and also is set to host the Super Bowl in 2022. The naming deal is reportedly worth $400M.

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ImaginAb Finds $8M For Immunotherapy Imaging

socalTECH

Inglewood-based ImaginAb , which is developing a cell imaging agent used for imaging changes in cell tumors, has raised $8M in a funding round, the firm said on Monday. The funding was led by Adage Capital, and also included the Parker Institute for Cancer Immunotherapy, NVF, Cycad Group, Nextech Invest, and Jim Pallotta of the Raptor Group.

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Vetted Finds $3.47M For In-Home, On-Demand Pet Care In LA

socalTECH

Venice, California-based Vetted , a new startup offering up on-demand, veterinary services at your home, has raised $3.47M in seed funding, the company disclosed this week. The company--which is currently headquartered at Amplify LA--currently only offers up its services in Los Angeles. READ MORE>>.

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Activision Sets Call of Duty: Infinite Warfare Beta Launch

socalTECH

The company--which ran its big Call of Duty gathering, the Call of Duty XP event, at the The Forum in Inglewood over the weekend--said the title will first be available on the PlayStaiton 4. The beta will be available to fans who pre-order the title.

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Evercar Plans LA Expansion For EV Rentals For Uber, Lyft Drivers

socalTECH

Los Angeles-based Evercar , a company which is developing an electric vehicle sharing network--starting with Los Angeles--says it plans a major expansion in this market, and plans to add as many as 1,000 vehicles in the Greater Los Angeles area.

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Magnetecs Names CFO

socalTECH

Inglewood-based Magnetecs , a designer of robotic catherization control systems for minimally invasive surgery, announced today that it has named Clive Zickel as the firm's new Chief Financial Officer. Zickel has previously served at JPMorgan Chase, Aircraft Finance Group, Dechert LLP, and other companies.

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Dreaming of Mars, the startup Relativity Space gets its first launch site on Earth

TechCrunch LA

Now, more than $35 million dollars later , the company has been awarded a multi-year contract to build and operate its own rocket launch facilities at Cape Canaveral Air Force Station in Florida. Air Force has completed with a venture-backed orbital launch company that wasn’t also being subsidized by billionaire owner-operators.

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