socalTECH

NOVEMBER 10, 2020

Los Angeles-based Signal Automotive , a startup which develops software for managing buying, selling, and inventory allocation for automobile dealers, has raised $20M in a funding round. The funding was led by Kayne Partners Fund, the growth private equity arm of Kayne Anderson Capital Advisors LP. The company said the funding will go towards expanding its dealer network across North America, as well as for its technology platform and data analytics capabilities.

Software 124

Software Southern California Sales Equity 124

L.A. Business Journal

NOVEMBER 10, 2020

Elon Musk’s upstart tunnel-building business Boring Co. is poised to expand into Austin, Texas.

Company 130

Company Companies 130

socalTECH

NOVEMBER 10, 2020

San Diego-based Qualcomm Ventures , the venture capital arm of Qualcomm, has made investments in four companies working on 5G technology and products. According to Qualcomm Ventures, it made strategic investments in Celona , Cellwize , Azion and Pensando. Size of the investments were note disclosed. Celona is developing software to automate deployment of cellular wireless technology by enterprise companies; Cellwize is developing an AI platform to help mobile network operators (MNOs) to automate

San Diego 124

San Diego Startup Venture Capital Invest 124

socalTECH

NOVEMBER 10, 2020

Irvine-based TITAN School Solutions , a developer of software used for managing school district meal programs, has been acquired by LINQ , a developer of school district management software. LINQ will pay $75M for TITAN School Solutions, which was venture backed by Wavemaker Partners, Cie Digital Labs, Springboard Ventures, and RezVen Partners, having announced a $5.2M Series A funding round back in 2018.

Software 113

Software Funding Develop Development 113

Advertiser: Aggregage

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.

Company

socalTECH

NOVEMBER 10, 2020

Los Angeles-based Boring Company , the tunneling-and-Hyperloop-transportation company founded by Elon Musk, is setting up shop in Austin, Texas, saying on Monday that it is hiring in the city. The company listed jobs in Electrical Engineering, Mechanical Engineering, Accounting, Business Development, and other areas. Rumor has it that "Austin Chalk" is geologically one of best soils for tunneling.

Company 113

Company Companies Los Angeles Angel 113

socalTECH

NOVEMBER 10, 2020

Aliso Viejo-based systems management and security software developer Quest Software said this morning that it has acquired Quadrotech , a developer of management and migration solutions for Microsoft 365 and Office 365. Financial details of the transaction were not announced. According to Quest, the acquisition will add new reporting, license lifecycle management, delegation and policy control for Microsoft 365 and Office 365 to its products.

Software 113

Software Software Development Acquisition Platform 113

socalTECH

NOVEMBER 10, 2020

San Diego-based biopharmaceuticals developer Ambrx has raised $200M in a funding round, according to the company, which included Fidelity Management & Research Company LLC, funds and accounts managed by BlackRock, Cormorant Asset Management, HBM Healthcare Investments, Invus, Adage Capital Partners and Suvretta Capital Management. The company described the round as a "crossover financing", which was managed by BofA Securities.

San Diego 113

San Diego Research Capital Invest 113

socalTECH

NOVEMBER 10, 2020

Los Angeles-based lithium ion battery developer Romeo Systems, Inc. (Romeo Power) has raised new funding from recycling and solid waste company Republic Services. According to Romeo Power, Republic Services has exercised its option to acquire additional shares of Class A common stock in RMG Acquisition Corp. (NYSE: RMG), representing less than 5% of the currently outstanding shares of RMG.

Services 113

Services Funding Acquisition Class 113