Rocket Lab Acquires Advanced Solutions for $40 Million
L.A. Business Journal
OCTOBER 14, 2021
The acquisition will strengthen Rocket Lab’s space systems portfolio and gives it a presence in Colorado, which has a large aerospace economy.
Thu.Oct 14, 2021
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ATTOM: Foreclosure Filings Surge In Q3 2021
socalTECH
OCTOBER 14, 2021
Irvine-based ATTOM, the unit of RealtyTrac which tracks foreclosure data, says that foreclosure filings for the U.S. have increased 68 percent from a year ago, and are up 34 percent from the previous quarter. The uptick in foreclosure starts come as a result of the retreat of foreclosure moratorium and mortgage forbearance programs. According to ATTOM, there were total of 45,517 U.S. properties with foreclosure filings - default notices, scheduled auctions or bank repossessions in Q3.
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The coffee and wine school of innovation.
Berkonomics
OCTOBER 14, 2021
Here’s one for debate around a cup of coffee or a glass of wine. Most innovation occurs when creative people are relaxed and thinking about other things. Coffee, wine, quiet time, showers…. How it occurs in large companies…. We all can picture the corporate R&D lab with tens of scientists working at white boards, or over computer models, or with prototypes.
Tala Takes $145M For Global Banking Effort
socalTECH
OCTOBER 14, 2021
Los Angeles-based Tala, which offers up a global, mobile app that provides access to banking to the underbanked, has raised $145M in a Series E funding round, the company said on Thursday. The Series E funding was led by UPstart, and also included Stellar Development Foundation, Kindred Ventures and the J. Safra Group plus existing investors IVP, Revolution Growth, PayPal Ventures, and Lowercase Capital.
Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19
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.
Universal Hydrogen Raises $62 Million in Series B
L.A. Business Journal
OCTOBER 14, 2021
The investment brings Universal Hydrogen’s total funding to $85 million.
Universal Hydrogen Scores $62M For Hydrogen Flight Sytsems
socalTECH
OCTOBER 14, 2021
Los Angeles-based Universal Hydrogen Co., and aerospace startup which is looking to use hydrogen as fuel for aircraft, has raised $62M in a funding round, the company said this morning. The funding included Mitsubishi HC Capital, Tencent, Stratos, GE Aviation, Waltzing Matilda Aviation, Fourth Realm, Hawktail, Marc Benioff's TIME Ventures, Jeff Wilke, and Spencer Rascoff's 75 and Sunny Ventures.
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Vendorflow Gets $1.3M For Logistics Software
socalTECH
OCTOBER 14, 2021
Los Angeles-based Vendorflow, a new startup developing communications infrastructure for trucking and logistics providers, has raised $1.3M in a funding round, the company said today. The funding was led by TenOneTen, and also included Amplify.LA, Jett McCandless (CEO, project44), Oren Zaslansky (CEO, Flock Freight), Param Singh (Best Bay Logistics), and Bobby Napiltonia (formerly of Twilio, Salesforce, and NEXT Trucking).
Mindbody Raises $500M, Acquires ClassPass
socalTECH
OCTOBER 14, 2021
San Luis Obispo-based software developer Mindbody said on Wednesday that it has raised $500M in a strategic investment, and acquired ClassPass, a monthly subscription service which provides access to fitness and wellness experiences. Financial details of the acquisition were not announced however, the two said the acquisition will be an all-stock deal, with ClassPass continuing to operate its app and website.
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