Fri.Jan 07, 2022

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Chronos Tech Names CEO

socalTECH

San Diego-based Chronos Tech said this week that it has named Ali Farhang as CEO of the company. Farhang also will join the company's board of directors. Farhang was most recently Corporate Vice President at Micron Technology, and also served 26 years at Intel. Chronos Tech is developing technology for systems-on-a-chip (SoC) in the cloud computing, AI, mobile, automotive, and other areas.

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5 Keys To Establishing A Caring Culture In Your Team

Startup Professionals Musings

It’s easy to say to people on your team that they must be accountable for their actions, but it’s not so easy to tell them how to do it. It’s even harder to give them the mindset of wanting to be accountable. In fact, many business leaders forget that they are the role model for accountability, and don’t audit their own actions to make sure that they always practice what they preach.

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Launch House Raising $10M For Startup Investments

socalTECH

Beverly Hills-based Launch House, which hosts month-long, live-in startup programs in Los Angeles and elsewhere, is looking to raised $10M in a new venture capital fund, according to a regulatory filing from the company. The filing said the company is raising $10M to invests in startups. The company started originally during the pandemic, when its founders rented a home in Mexico to work on startup projects and fight off social isolation.

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Alteryx Acquires Trifacta

socalTECH

Irvine-based Alteryx, which develops analytics software, said Thursday afternoon that it has agreed to acquire Trifacta, a developer of data management and machine learning software. Alteryx said it will pay $400M in cash for Trifacta, and also will establish a retention pool of $75 million for former employees of Trifacta. The company said it expects to close the first quarter of 2022.

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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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TuSimple To Tap NVIDIA For Autonomous Trucking Effort

socalTECH

San Diego-based autonomous driving systems developer TuSimple--which is developing technology to enable autonomous trucks--said this week that it has selected NVIDIA's DRIVE Orin systems-on-a-chip (SoC) for its Level 4 autonomous trucking efforts. NVIDIA is best known for its GPUs. According to TuSimple, NVIDIA' Drive Orin SoC delivers 254 TOPS (trillion operations per second) of performance and is the central computer for intelligent vehicles-powering safe autonomous driving capabilities.

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LogicMonitor Names New CEO

socalTECH

Santa Barbara-based software developer LogicMonitor says it has named Christina Kosmowski as the company's new CEO, succeeding former CEO Kevin McGibben. McGibben is shifting to become Executive Chairman of the company. Kosmowski was most recently President of the firm. According to LogicMonitor, it saw more than $150M in annual, recurring revenues and 50 percent year-over-year growth in 2021.