Tue.Jun 26, 2018

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Aclima sucks in $24M to scale its air quality mapping platform

TechCrunch LA

Aclima , a San Francisco-based company which builds Internet-connected air quality sensors and runs a software platform to analyze the extracted intel, has closed a $24 million Series A to grow the business including by expanding its headcount and securing more fleet partnerships to build out the reach and depth of its pollution maps. The Series A is led by Social Capital which is joining the board.

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Los Angeles Ranked Top Metro Area for Tech Funding and Exits

L.A. Business Journal

Los Angeles raised more than $100 million, beating Boston in total mega financing rounds, according to a recent report from CB Information Services Inc.

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Google Cloud will launch its Los Angeles region in July

TechCrunch LA

It’s no secret that Google has long planned to open a cloud region in Los Angeles. The company has long said that a second region on the U.S. West Coast was in the works, after all. What we didn’t know for sure was when this new region would go live. But as Google announced today , the new Los Angeles cloud region will go live in July, making it the company’s fifth region in the U.S.

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Cloud Constellation Signs MOU With Arab Satellite Group

socalTECH

Los Angeles-based CLoud Constellation Corporation , which is in the midst of planning a satellite constellation aimed at providing high speed, cloud storage from space, said today that it has signed a Memorandum Of Understanding (MOU) with Arab Satellite Communications Organization (ARABSAT). Cloud Constellation said the two have agreed to develop a go-to-market strategy for enterprise and government customers in the Middle East, Europe, Africa and Central Asia.

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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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How the Rise of Beijing and Shanghai Tech May Impact Silicon Valley

Xconomy

When it comes to startup tech hubs, U.S. cities from San Francisco to Austin to Boston come first to mind. But that is starting to change, as Asian cities—particularly in China—are snapping up more tech venture capital funding and exits, according to a new report from CB Insights. Silicon Valley tech startups pulled in the most funding of any metro region globally during the last six years at $140 billion, according to CB Insights’ Global Tech Hubs Report, which the New York-based re

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OpenX Expands In Asia Pacific

socalTECH

Los Angeles-based advertising technology developer OpenX is in an expansion in the Asia Pacific region, saying that it has opened up a new office in Singapore. According to OpenX, the new Singapore office will serve as a regional hub for the company. OpenX also says it intends to ramp up its efforts in the region with increased headcount and expansion into additional markets, including Australia.

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Ice Energy Adds $40M For Thermal Energy Storage

socalTECH

Costa Mesa-based Ice Energy , which develops thermal energy storage systems which work in conjunction with commercial and industrial air conditioning units to help provide distributed energy storage, has raised $40M in a new funding round, the company said on Tuesday. The funding came from private equity investor Argo Infrastructure Partners. Ice Energy was founded in 2003, and is led by CEO Mike Hopkins.

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Silicon Beach Report June 26: Two Local Car Startups Raise $2M Each

L.A. Business Journal

Carblip raises $2 million; L.A.

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SpaceX Shows Off Crew Capsule Chute Testing

socalTECH

Hawthorne-based SpaceX said on Tuesday that it has completed its 16th test of the parachute system for its crewed Dragon module, part of the company's efforts to launch astronauts into space. According to SpaceX, the recent test was held at the Naval Air Facility El Centro in Southern California, verifying the system's ability to slow Crew Dragon and ensure a safe landing in the unlikely event of a low altitude abort.

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North County Elevate My Business Challenge Pitch Day

SoCal Tech Calendar

Thursday, June 28, 2018 --.

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Faraday Future Finds $2 Billion In Lifeline

socalTECH

Troubled Los Angeles-based electric car maker Faraday Future has received a $2 billion lifeline, and says is continuing to work on delivering its first production vehicle, the FF 91. Faraday Future said on Monday that has signed a deal with Evergrande Health Industry Group Limited to invest $2 billion into the company, after approval by the Committee on Foreign Investment in the United States (CFIUS).

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Senators Grill HHS’s Azar on Drug Price Cuts That Have Yet to Come

Xconomy

When President Trump signed legislation last month allowing seriously ill patients the “right to try” unapproved drugs without FDA oversight, he voiced a bold prediction: Within two weeks, he said, drug companies would announce “voluntary massive drops in prices.” Asked for further detail, the Department of Health and Human Services (HHS) declined to elaborate on the President’s comments, telling Reuters at that time it did not want to get ahead of any announcements.

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SmartDrive Wins 400 Vehicle Fleet

socalTECH

San Diego-based video safety and transportation monitoring provider SmartDrive Systems announced it has signed on Clariant, a specialty chemicals company with a fleet of approximately 400 vehicles, as a customer. Financial impact of the win was not announced. According to SmartDrive, Clariant will use its video-based safety program with its Oil Service business.

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As Cybersecurity Business Expands, Proficio Offers Risk Scoring

Xconomy

In a bid to differentiate itself from the crowd of cybersecurity companies offering network monitoring services, Carlsbad, CA-based Proficio said it has developed a risk-scoring system that assesses its customers’ network security controls. In addition to highlighting each customer’s vulnerabilities to cyber-attack, Proficio said its new ThreatInsight software dashboard offers recommendations on how a customer can improve network security across four categories.

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Viasat Targets Businesses With New High Speed Satellite Internet

socalTECH

Carlsbad-based satellite Internet provider Viasat has rolled out a new high speed, satellite Internet service targeted at business customers, saying today that it will offer up unlimited, broadband plans specifically designed for businesses. According to Viasat, its new business service will offer up download speeds that will range from 35 Mbps to 100 Mbps, in "select" areas.

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GameMine Signs Deal With German Game Publisher

socalTECH

Los Angeles-based mobile game publisher GameMine says it has signed a distribution deal with a German game publisher, GoLive Games Studio AG , where GameMine will distribute mobile games themed around such characters as the Jungle Book, Robin Hood and Peter Pan. Financial details of the licensing deal were not announced. GameMine says GoLive Games has rights to over ten television IPs.

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