Mon.May 20, 2019

Ford CTO Ken Washington at TC Sessions: Mobility on July 10

TechCrunch LA

A conference dedicated to transportation and mobility wouldn’t be complete without hearing from Ford, the U.S. automaker with a storied 116-year history.

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Virgin Hyperloop One Raises $172.2M

socalTECH

Los Angeles-based Virgin Hyperloop One , the developer of futuristic transportation technology, has raised $172.2M in a funding round, part of an ongoing $224.7M funding, according to a regulatory filing by the firm. Details on the funding have not yet been announced by the company. According to the filing, the funding included 80 investors, and it received the first funds in this new round on April 29th.

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Silicon Beach Report May 20: Snap Hires New CFO, HR Leads

L.A. Business Journal

Tetra Tech acquires WYG; Riot Games employees unsatisfied with walkout results; Snap finds new executives

Kairos, TCA Back Biopharmaceuticals Startup

socalTECH

Kairos Ventures , a Los Angeles-based venture capital investor, as well as Southern California's Tech Coast Angels , have backed a clinical stage biopharmaceuticals company in a Series B funding. According to Actuate Therapeutics , it raised $21.7M in a Series B funding. Actuate, which is based in Texas, is developing treatments for cancer and inflammatory disease.

Reneo Pharma Launches with $50M to Target Energy-Depleting Diseases

Xconomy

Yet another new biotech company has been founded in San Diego by serial entrepreneur Mike Grey and other alumni of rare disease startup Lumena Pharmaceuticals.

Clutter Buys Omni's Storage Business

socalTECH

Los Angeles-based on-demand storage service Clutter has acquired the storage business of another, on-demand storage startup, Omni , in an expansion of Clutter's service, which lets users request storage of items via an app. Financial details of the acquisition were not announced. Omni said the deal will help it "double down on our rentals business", where it rents out different items to its customers. Omni had previously rented out items that were stored with the startup.

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More Trending

SpaceX Delays Starlink Launch Until Later This Week

socalTECH

SpaceX has delayed its launch of its first set of Starlink satellites, the first 60 of thousands of low earth orbit (LEO) satellites SpaceX is deploying to offer up Internet access anywhere in the world, until later this week. SpaceX said late Thursday evening that it was "standing down to update satellite software and triple-check everything again." SpaceX had already delayed the launch earlier in the week due to high upper level winds.

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Tetra Tech Buys WYG For $54.8M

socalTECH

Pasadena-based consulting and engineering firm Tetra Tech has acquired UK-based WYG plc , a consulting and engineering firm in the area of water, environment and infrastructure services. The deal is worth approximately $54.8M. According to Tetra Tech, the deal will help it expand its leadership in international development. WYG has 1,600 employees, primarily in the UK and Europe.

EVgo To Place Fast Chargers At Several California Chevron Stations

socalTECH

Los Angeles-based EVgo , which operates a large, nationwide network of electric vehicle (EV) chargers, announced this morning that it is working with Chevron to place its EV charging stations on select Chevron-owned gas stations. According to EVgo, it will initially deploy its EV chargers at five, California gas stations, with plans to host more than a dozen in total. The first five EV chargers are being installed in Aliso Viejo, Manhattan Beach, Menlo Park, and Venice.