Thu.Aug 15, 2019

Fractional CTO

SoCal CTO

Since the early 1990s, I’ve been a part of 50+ startup companies in various roles, and have informally advised 100s of other startups.

CTO 304

Let your board help with “what” and “why” – but rarely “how.”

Berkonomics

I am sure you can argue with this one. Sometimes a board member is valuable in teaching the “how” to get things done inside the company.

Help 156

SimpliPhi Power Dangles Further Discounts For Energy Storage Batteries

socalTECH

Oxnard-based SimpliPhi Power , a developer of lithium ferro phosphate (LFP) battery technology, said this morning that it is offering up steep discounts on its 3.8 KWh, 48V batteries, as part of its effort to cater to both Californians preparing for Public Safety Power Shutoffs (PSPS), as well as globally for other climate change-related events, including wildfires, extreme heat, and hurricanes.

Four New Drugs are Around the Corner. Here’s What You Need to Know.

Xconomy

The Food and Drug Administration approved 59 new drugs last year, a record for the agency which over the years has swung back and forth between tight control and leniency. We are in the midst of perhaps the agency’s most permissive era ever, thanks to its openness to speed up reviews and to greenlight certain drugs with slim evidence, like those for cancer patients who have run through all other options, or for kids with rare diseases and no available treatments.

Energy Vault Finds $110M For Renewable Energy Storage Efforts

socalTECH

Energy Vault , a startup of Pasadena-based Idealab developing radically different energy storage technology--based on the movement of large, concrete blocks via robotic arms--has raised $110M in a Series B funding, the company announced this morning. The funding came from SoftBank Vision Fund (Vision Fund), and will go towards accelerating global deployment of its technology. As part of the funding, Andreas Hansson, Partner for SoftBank Investment Advisers, joins the company's board of directors.

UPS Takes Minority Stake in Self-Driving Truck Startup TuSimple

Xconomy

TuSimple, an autonomous trucking company, has been conducting test drives for UPS between the Arizona cities of Phoenix and Tucson since May. Now the corporate venture arm of the global package delivery giant says it has taken a minority stake in the San Diego startup, which believes its technology can reduce the costs of shipping goods via tractor-trailer by 30 percent. Financial terms of the deal, announced Thursday, weren’t disclosed.

More Trending

Virgin Galactic Shows Off Swanky Lounge For Space Tourists

socalTECH

Virgin Galactic , the Richard Branson-backed startup which is working on a space tourism venture which hopes to launch well heeled tourists into space, showed off a new, swanky lounge, which it said that its "Future Astronauts" will be able depart and return from space. The "Gaia Lounge" at its "Gateway to Space" is at Virgin Galactic's new hangar at Spaceport America in New Mexico.

Design 109

Vuori Picks Up $45M For Athletic Brand

socalTECH

Carlsbad-based Vuori , an athletic clothing brand, has raised $45M in a funding round, the company said this week. The funding came from Norwest Venture Partners. The company offers up athletic clothing for both men and women, including board shorts, pants, T-shirts, hoodies, jackets, and other products. Vuori was founded by Joe Kudla. The company said the funding was a "growth equity" round. READ MORE>>. vuori athletic venture capital clothing consumer clothes

Equity 109

TeleSign Expands Into Mobile Messaging

socalTECH

Los Angeles-based TeleSign , which has been focused on authentication and second factor authentication services for major website and mobile applications, is expanding into mobile messaging services. According to TeleSign is has expanded into Rich Communication Services (RCS) Messaging, by launching an application programming interface (API) which lets businesses send SMS and voice messages to their customers. Telesign said the new TeleSign RCS API is available for free to its beta customers.

Mobile 109