Tue.May 19, 2020

United Dwelling is one startup building something to solve California’s housing crisis

TechCrunch LA

The acute pain of California’s housing crisis can be measured in the human toll it takes on the increasing numbers of families made homeless by rising rents and the billions of dollars the state loses to the high cost of living.

Bevy is Emerging as a Leader in Software for Building Virtual Communities?—?with $15 million to…

Both Sides of the Table

Bevy is Emerging as a Leader in Software for Building Virtual Communities?—?with

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Polestar to open first US stores in the second half of 2020

TechCrunch LA

Polestar’s first U.S. retail stores will open in Los Angeles, New York City and two locations in San Francisco later this year — the latest milestone for the automaker as it gets closer to bringing its all-electric vehicle to market.

Shayre Debuts File Sharing Software

socalTECH

Los Angeles-based Shayre , a new startup developing data sharing software, says it has launched a new, "cloud-free" file sharing solution, aimed at enterprise businesses. According to Shayre, it has developed a point-to-point and point-to-multi-point software for file transferring and synchronization suited for enterprise businesses, which allows for unlimited files and file sizes to be transferred between devices.

Amplyx Adds Cash from Pfizer, Adage as Funding Round Tops $90M

Xconomy

Amplyx Pharmaceuticals has completed enrollment in one mid-stage trial of its lead drug candidate, a new kind of antifungal treatment, and has finished treating the first patients in two more such studies.

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ChromaCode Snags $10M In Series C

socalTECH

Carlsbad-based ChromaCode , which is developing molecular testing equipment, announced today that it has raised $10M in a Series C extension round. The funding came from Adjuvant Capital. As part of the funding, ChromaCode said that it will add Adjuvant Capital's Managing Partner, Jenny Yip, to its board. The company has now raised $38M in the Series C round. ChromaCode said the new funds will go to support global expansion and continued development of ChromaCode's high-definition PCR platform.

RelayCars Offers Up Virtual Showroom For Cars

socalTECH

Los Angeles-based RelayCars , which provides a library of immersive and virtual reality content for the automotive industry, says it has launched a "virtual showroom" for individuals looking to shop and research a new car, as a result of more people being stuck at home. According to RelayCars, the website now features high quality, virtual realty (VR) content which lets users take virtual tours of any vehicle category, year, make, and model from its database of content.

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Assembly Gets Investment Round

socalTECH

Los Angeles-based Assembly , a developer of e-commerce tools and software, has received what it says is a "significant investment" from private equity investor Providence Strategic Growth. Financial terms of the investment were not announced. According to Assembly, the new funding will go to both build and acquire e-commerce software and services.

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Miso Robotics Partners With PathSpot Technologies

socalTECH

Pasadena-based robotics developer Miso Robotics says it is partnering with PathSpot Technologies , a developer of technology which scans the hands of employees to make sure they are free of contaminants. According to Miso Robotics, the partnership will allow it to offer PathSpot's hand scanning device for optional integration into its Flippy autonomous kitchen assistant.

Amplyx Pharmaceuticals Adds $53M In Funding

socalTECH

San Diego-based Amplyx Pharmaceuticals has raised $53M in a Series C extension funding, bringing its Series C funding to over $90M, the comapny announced this morning. Amplyx--which is developing therapeutics for treating patients with compromised immune systems--said the funding was led by Sofinnova Inestments, and also included New Enterprise Associates, Lundbeckfonden Ventures, Arix Bioscience, Pappas Capital, RiverVest Venture Partners, 35 Partners, BioMed Ventures, along with Pfizer Inc.