Thu.Jan 14, 2021

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EVgo Announces Partnership with BMW

L.A. Business Journal

Sawtelle-based EVgo Services, which operates a national network of electric vehicle charging stations, announced a new partnership with BMW.

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Raising money? Find your champion.

Berkonomics

Increasing your chances of success. If you seek funds from an organized investment group such as an angel fund, venture capital entity, or even an investment club, the first thing you want to do is to find one person to buy into your vision, become excited by your enthusiasm and be willing to become the internal champion for your fund-raising effort.

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Mictic Sets Up Shop In LA

socalTECH

Zurich-based Mictic, a Zurich, Switzerland-based startup which is providing wearable, musical wristbands for the "XR" market, says it has opened up a new office in Southern California. According to the company, the startup is opening up a Los Angeles office in order to maximize its relations with the entertainment and tech industry. The company makes a Extended Reality (XR) wristband which allows gestures to translate into musical tones, textures, and sound effects, and connects into a user's sm

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EVgo Announces Partnership With BMW

L.A. Business Journal

Sawtelle-based EVgo Services, which operates a national network of electric vehicle charging stations, announced a new partnership with BMW.

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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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Ring Bug Allowed Retrieval Of Locations, Addresses

socalTECH

A bug in the software of Santa Monica-based Ring exposed the precise locations and home addresses of users, according to a report, a flaw that has now been fixed. According to TechCrunch, a security bug made it possible to retrieve location data on users who posted to the Ring app. Ring said it fixed the issue, and has not identified any evidence of that information being accessed or used maliciously.

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March Capital Raises $450M In New Fund

socalTECH

Santa Monica-based March Capital (formerly March Capital Partners) announced on Thursday that it has raised its third fund, March Capital Fund III, which it closed at $450M in commitments. According to the firm, the new fund is focused on enterprise software companies, and included both existing and new investors. March Capital said the new fund--much like its prior funds--will focus on enterprise AI, industrial technology, cybersecurity, financial technology and next generation cloud infrastruc

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BMW Plugs Into EVgo

socalTECH

Los Angeles-based electric vehicle charging network operator EVgo says that car manufacturer BMW has tied into its network, and launched a new program called BMW Charging Powered by EVgo. Financial details of the partnership were not announced, however, EVgo said that BMW EV drivers will be able to access public charging through one simple interface, and BMW will provide a $100 EVgo charging credit for new owners/lesees of its all-electric/battery electric vehicle models.

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AeroVironment Acquires Arcturus UAV For $405M

socalTECH

Simi Valley-based unmanned aerial vehicle maker Aerovironment says it is acquiring Arcturus UAV, a developer of unmanned aircraft used by the military, in a deal worth $405M in cash and stock. AeroVironment said it would pay $355M in cash and $50M in stock for Arcturus, which is based in Petaluma, Claifornia. Arcturus has approximately 270 employees, and is one of four companies working on the U.S.

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Drata Gets $3.2M For Security Compliance

socalTECH

San Diego-based Drata, a startup developing security automation and compliance software, has raised $3.2M in a seed funding, the company said Wednesday. According to the company, the funding was led by Cowboy Ventures, and also included Leaders Fund and SV Angel, along with angel investors. Drata was founded by Adam Markowitz, Daniel Marashlian, and Troy Markowitz.