L.A. Business Journal
JUNE 14, 2021
Venice-based virtual reality software company Specular Theory Inc. secured a $4.5 million contract with the Defense Department to expand development of its training products for the Air Force.
socalTECH
JUNE 14, 2021
Mojave-based Virgin Orbit, which is developing space launch technology which uses a modified 747 to send rockets into space, is planning to go public via a merger with a special purpose acquisition company (SPAC). According to UK publication Sky, Sir Richard Branson is in the midst of "advanced talks" to take Virgin Orbit public via a merger with NextGen Acquisition II.
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L.A. Business Journal
JUNE 14, 2021
OneOf Inc., a company dedicated to releasing and minting nonfungible tokens, isn’t even a month old, and it already has plans to partner with celebrity artists like John Legend, H.E.R. and G-Eazy.
socalTECH
JUNE 14, 2021
San Diego-based ecoATM said on Monday that it has raised $75M in a growth equity round. The funding came from existing investor Cowen Sustainable Advisors. According to the company, the funding will go to accelerate the company's global expansion and support product extensions. The company said the investment includes building and deploying thousands more of its automated retail fulfillment kiosks in the US, Europe, and Asia. ecoATM is led by CEO Dave Maquera. ecoATM Gazelle is majority owned by
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L.A. Business Journal
JUNE 14, 2021
Beverly Hills-based livestreaming platform LiveXLive Media Inc. will acquire New York-based artist development company Gramophone Media Inc. by the end of June.
socalTECH
JUNE 14, 2021
Irvine-based GAN Limited, a publicly traded company which provides Internet gaming software for the online sports betting and related industries, has named a new board member. The company said it has added Susan Bracey to its board of directors. Bracey was most recently EVP and Chief Financial Officer of Village Roadshow Entertainment Group, and also served as Chief Financial Officer of Youbet.com, before its sale to Churchill Downs.
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
socalTECH
JUNE 14, 2021
Private equity investment company Yucaipa, led by Ron Burkle, is taking a German online bike retailer SIGNA Sports United public via an Special Purpose Acquisition Company (SPAC) acquisition, the two said last week. Yucaipa Acquisition Corporation, which trades on the NYSE as YAC, will acquire SIGNA Sports United in a deal which values SIGNA Sports United at $3.2 billion.
Startup Professionals Musings
JUNE 14, 2021
One of the most important things I was slow to learn in business was that real communication only happens when your audience finally hears and understands what you think is a perfectly clear message. As a business executive and leader, I found that meant I had to repeat most communication several times, in different contexts, before all members of my team really heard it.
socalTECH
JUNE 14, 2021
Aliso Viejo-based Indie Semiconductor, a developer of automotive semiconductors and software focused on edge sensors for Advanced Driver Assistance Systems including LiDAR, connected car, user experience and other areas, has gone public via an acquisition via a special purpose acquisition company( SPAC). According to indie Semiconductor and SPAC Thunder Bridge Acquisition II, Ltd., the two completed their business combination last week. indie started trading on the Nasdaq on June 11th as INDI.
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