Tue.Mar 03, 2020

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NASA moves forward with 17 companies as part of bid to transform urban aerial transportation

TechCrunch LA

NASA and a clutch of startup and established companies are moving forward with plans to transform mobility in urban environments through the Urban Air Mobility Grand Challenge. If it’s fully implemented, the new Urban Air Mobility system could enable air transit for things like package delivery, taxi services, expanded air medical services, and cargo delivery to underserved or rural communities, the Agency said in a statement.

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Three LA Area Firms Selected For NASA Urban Mobility Challenge

socalTECH

Three Los Angeles area companies have been selected to participate in the NASA Urban Mobility Challenge , an effort to help promote the development of the use of multiple, unmanned aircraft all flying in dense urban environments. According to NASA, Santa Monica-based AirMap , Santa Monica-based Avision , and Los Angeles-based Ellis & Associates are among the many companies who have been accepted into participating in the effort.

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Los Angeles-based Talespin nabs $15 million for its extended reality-based workforce training tools

TechCrunch LA

It turns out the virtual and augmented reality companies aren’t dead — as long as they focus on the enterprise. That’s what the Los Angeles-based extended reality technology developer Talespin did — and it just raised $15 million to grow its business. . Traditional venture capitalists may have made it rain on expensive Hollywood studios that were promising virtual reality would be the future of entertainment and social networking (given coronavirus fears, it may yet be),

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Citadel Defense Wins $9.2M Order For Drone Defense

socalTECH

San Diego-based Citidal Defense , a developer of systems for detecting and defending against unauthorized drones, says it has received a $9.2M order for its systems, the company said this morning. Citadel Defense did not provide details on the customers for its system, which it says provides force protection against unmanned aerial drones and swarms.

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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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National Xconomy Awards Now Accepting Nominations for the Best in Biotech

Xconomy

The nomination period for the 2020 National Xconomy Awards is now open. The awards are open to individuals, companies, and organizations working across the life sciences in the United States, and feature leaders in the biotech industry, medicine, academia, digital health, and healthcare. The deadline for nominations is Friday, April 3 at 5 p.m. PT. Submit yours today.

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Talespin Takes $15M For Virtual Reality Software

socalTECH

Culver City-based Talespin , a developer of virtual reality technology, has raised $15M in a Series B funding round, the company said this morning. The funding was led by Cornerstone OnDemand, and also included Farmers Insurance Exchange and HTC. Talespin develops virtual reality software used for employee training and other efforts. The company said it will use the funding to expand its solution into other fields, including insurance, telecommunications, technology, and healthcare.

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Boingo Wireless Target Of Acquisition Effort

socalTECH

Los Angeles-based Boingo Wireless , which provides distributed antenna system (DAS), small cells and Wi-Fi services--including running its own network of Wi-Fi hotspots and small cell networks--says that it has received "multiple inquiries regarding a potential strategic transaction". The company, in its quarterly earning release, said it is "not commenting on rumors regarding the recent news story speculating the Company is exploring a potential sale.

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Ylopo Launches Facebook Ad Tool For Real Estate Marketing

socalTECH

Santa Monica-based Ylopo , which provides digital marketing software for the real estate industry, says it has released a new online advertising tool, which automatically generates and publishes web-ready video content for the real estate industry. The company said its new tool is aimed ath automatic video and Facebook ad publishing for property marketing, agent branding, and brokerage recruiting.

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CIM Group Start Construction On 2.7 Gigawatt Solar Park

socalTECH

Los Angeles-based CIM Group , a real estate developer, says it has started on construction of what will be one of the largest permitted solar parks in the world. According to the company, the company's new development, in western Fresno and Kings Counties, could grow to be as large as more than 2,700 megawatts (2.7 gigawatts) at full buildout. The company said its initial buildout is a 250-megawatt solar photovoltaic project called Aquamarine, which will provide power to the Valley Clean Energy

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Transphorm Takes $21.5M In Funding, Enters Into Reverse Merger

socalTECH

Goleta-based Transphorm , which develops gallium nitride (GaN) semiconductors for power conversion, said today that it has raised $21.5M in an equity financing, and also entered into a reverse merger with an entity called Peninsula Acquisition Corporation. According to Transphorm, following the merger, Peninsula changed its name to Transphorm, Inc., and will continue the historical business of Transphorm.

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