Tue.Dec 08, 2020

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Elon Musk moved to Texas

TechCrunch LA

SpaceX and Tesla CEO Elon Musk said Tuesday that he has moved to Texas, confirming months of speculation that the billionaire would leave California, a state of which he has become increasingly critical. Musk confirmed the move during an interview at the The Wall Street Journal’s CEO Council annual summit. His remarks confirmed a CNBC report that Musk had told friends of his intent to move to Texas.

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HomeLister Finds $4.5M

socalTECH

Santa Monica-based HomeLister , a startup which helps homeowners sell their own homes online, has raised $4.5M in a seed funding round, the company said on Tuesday. The funding was led by MetaProp and Homebrew. The company is led by co-founder and CEO Lindsay McLean. HomeLister charges a flat fee of $599 for helping people to list their homes for sale online, as well as publishing them to local multiple listing services.

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Cyber insurance startup At-Bay raises $34M Series C, adds M12 as a new investor

TechCrunch LA

Cybersecurity insurance startup At-Bay has raised $34 million in its Series C round, the company announced Tuesday. The round was led by Qumra Capital, a new investor. Microsoft’s venture fund M12, also a new investor, participated in the round alongside Acrew Capital, Khosla Ventures, Lightspeed Venture Partners, Munich Re Ventures, and Israeli entrepreneur Shlomo Kramer, who co-founded security firms Check Point and Imperva.

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Regulus Therapeutics Finds $19.4M In Private Placement

socalTECH

La Jolla-based biopharmaceuticals company Regulus Therapeutics announced this morning that it has raised $19.4M in a private placement. The publicly traded company, which trades on the Nasdaq as RGLS, said it sold 24,341,607 shares of the Company's common stock and accompanying warrants to purchase up to an aggregate of 18,256,204 shares of common stock.

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Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19

Office leases are one of companies’ largest expenses, and if your whole team is working from home with no clear end in sight, you may be wondering what to do about your lease.

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Sundae snags $36M to build out its distressed property marketplace

TechCrunch LA

Opendoor has opened the door, so to speak, for startups to apply their technical expertise in search, marketplaces and audience segmentation to rethink the very antiquated and analogue world of property. Today, a startup that is doing this in the specific area of distressed property is announcing a round of growth funding to ramp up its team and expand its business.

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GeoLinks Wins $234.8M For Broadband Rollout

socalTECH

Camarillo-based GeoLinks , a wireless Internet Services Provider (WISP) that supplies broadband Internet via high speed, wireless links, is one of the winners of a big FCC rural broadband Internet award. The company received $234.8M for providing connectivity to 128,297 locations across 3 states, part of a broader, $9.2 billion effort by the FCC to bring broadband to rural communities.

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GoShare Takes On Crowdsourced Package Delivery

socalTECH

San Diego-based GoShare , which operates an online marketplace for truck and van owners to offer up delivery of packages, is looking to help retailers better deliver packages as the holiday season has created a surge of online orders and delivery. According to the company, led by CEO Shaun Savage, it has created a "virtual fleet" providing delivery for businesses on a pay-per-use model.

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SpaceX Scores $886M From FCC For High Speed Rural Broadband

socalTECH

Hawthorne, California-based SpaceX , which is developing its own constellation of thousands of satellites to provide Internet service to earth, has been selected to receive $886M from the FCC to deploy high speed broadband to the rural United States. According to the FCC, SpaceX was among 180 companies to receive part of $9.2 billion to bring high speed broadband to underserved rural areas across the US.

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