socalTECH
JUNE 27, 2018
Camarillo-based Semtech reported a win this morning with a Chinese manufacturer, which will use the company's LoRa low power wireless technology for use in a "smart city" product. According to Semtech, Chinese company Lowan , a low power wide area network (LPWAN) solution provider located in Hangzhou, China, has incorporated its LoRa radio frequency technology into its smart-grid power meters.
L.A. Business Journal
JUNE 27, 2018
HyreCar announces IPO; Google Filestore revealed; Honk Technologies raises $18M.
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socalTECH
JUNE 27, 2018
Southern California Edison , Southern California's biggest electric utility, said on Tuesday that it is launching a new, $760M effort to expand the region's electric vehicle infrastructure. According to SCE, it has proposed a new, $760M "Charge Ready 2" program, which will go to help boost the number of electric cars on the state's highways. SCE says it hpoes that investment will support the installation of 48,000 more electric charging ports across its service area, with the $760M program to co
Xconomy
JUNE 27, 2018
Sales of Cibus’ first product, a gene-edited canola, have gone so well that the San Diego company has raised $70 million in new financing to boost its commercialization efforts. The Series C round of funding announced Tuesday was led by Fidelity Management and Research Company, and was joined by Alexandria Venture Investments, Cormorant Asset Management, and other unnamed investors.
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socalTECH
JUNE 27, 2018
West Hollywood-based LiveXLive Media , the parent firm of online radio streaming service Slacker Radio , says that Slacker has launched its own Amazon Alexa "Skill" to enable voice control of its streaming music services. According to LiveXLive, the skill allows Slacker to be controlled from all Alexa-enabled devices, including Echo Dot, Amazon Tap and Amazon Fire TV.
socalTECH
JUNE 27, 2018
Aliso Viejo-based UST Global , which provides global IT and digital services, has received $250M in a funding from Temasek, the state investment firm of the country of Singapore. The investment--which gives Temasek a 20 percent stake in UST Global--catapults UST Global into the ranks of local unicorns, and values UST Global at $1 billion. UST Global is relatively unknown in Southern California, however, has a very large operation in India, with its flagship campus located in Trivandrum, Kerala,
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socalTECH
JUNE 27, 2018
The nation's largest energy storage system being used for on-site power has been installed in Irvine, according to the Irvine Ranch Water District (IRWD), which said this week that it has installed a 2.5MW/15MWh energy storage system at its water recycling plant in Orange County. According to the IRWD, the project--which was funded by Macquarie Capital--allows the district to buy and store electricity when costs are high, and later use that power during peak hours when the cost of electricity fr
socalTECH
JUNE 27, 2018
San Diego-based Beacon Discovery , a company focused on orphan GPCR drug discovery, says it is expanding its San Diego facility, as part of a partnership with Escient Pharmaceuticals. According to Beacon Discovery, the expansion in San Diego is being driven by Escient's recently $40M Series A funding, which will go towards development of therapeutics targeting Mas-Related G-Protein Receptors (Mrgpr).
socalTECH
JUNE 27, 2018
Santa Monica-based InvolveSoft , which develops software to help companies encourage their employees to volunteer for events and help contribute to their local communities, has raised $2.5M in a funding round, the company said this morning. The funding was led by Bonfire Ventures, and also included Greycroft, Bertelsmann, Launch Capital, CrowdSmart and Noname Ventures.
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