Tue.Oct 06, 2020

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Draper Goren Holm Raises $25M Blockchain Fund

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Los Angeles-based Draper Goren Holm , a new venture capital fund founded by Tim Draper, Alon Goren, and Josef Holm, announced on Tuesday that it has raised $25M in its very first fund. According to the firm, its Fund 1 will make seed and Series A investments in the fintech and blockchain startup world. The fund was announced at the LA Blockchain Summit, which is virtual this year.

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MediaAlpha Files For IPO

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Los Angeles-based MediaAlpha , which develops a technology platform to help insurance companies acquire customers, has filed for an IPO, saying it is looking to raise up to $100M on the public markets. The company's major backers are White Mountains Insurance Group and Insignia. The IPO is being underwritten by J.P. Morgan, Citigroup, Credit Suisse, RBC Capital Markets, Canaccord Genuity, William Blair, and MUFG.

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SpaceX Wins Missile Tracking Contract

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Hawthorne, California-based SpaceX has received a new, $149M contract to help develop new, missile tracking satellites for the U.S. Department of Defense, part of two contracts awarded by the DoD to improve its capabilities. SpaceX is reportedly looking to use the same base platform as it has been for Starlink for the satellite tracking. The award was through the Pentagon's Space Development Agency.

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Anchore Rolls Out Open Source DevOps Tools

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Santa Barbara-based Anchore , a developer of policy-based workflow and compliance software, said it has rolled out a new set of open source, DevOps tools. The company said its open source tools are designed for automating DevSecOps pipeline security and analysis. The company said the new tools, Syft and Grype, are available at toolbox.anchore.io. Anchore's backers include Andreas von Blottnitz, along with Doug Carlisle of Menlo Ventures; the company's founder, Said Ziouani, is a veteran of Eucal

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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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LERETA Buys Accumatch

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Pomona-based Lerata , which provides national real estate tax and flood services, says it has acquired Dallas-based property tax intelligence company Accumatch. Financial details of the acquisition were not announced. According to the company, Accumatch was founded in 2002, and provides escrow tax payment services, non-escrow tax services and a variety of custom delinquency services for loan servicers using its own technology architecture.

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Faraday Future Plans Move To Public Markets Via SPAC

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Los Angeles-based electric automobile developer Faradyay Future is hoping to make a move to the public markets, via a special purpose acquisition company (SPAC), according to reports. The company's CEO, Carsten Brietfield, disclosed the possibility of the SPAC move on Monday. Faraday Future is still working on delivering its first vehicles to market, after a long, drawn out drama over finding funding for the company linked to founder Jia Yueting, who is now bankrupt.

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