Mon.Jan 24, 2022

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Long Beach Airport Begins Work on $25M Taxiway Improvement Project

L.A. Business Journal

Construction began earlier this month on a $25 million project to reconstruct a major taxiway at Long Beach Airport, according to an announcement from city of Long Beach, which runs the airport.

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Subspace Names Sales VP

socalTECH

Los Angeles-based Subspace, which operates a WebRTC, real time application network, has appointed Davide Petramala as its new Vice President of Sales, the company said today. Petramala was most recently at Avaya, where he was Managing Director of Avaya's public cloud business unit. Subspace said Petramala had joined Avaya through the acquisition of Esna technologines inc.

Sales 113
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UCLA Spinout Concrete-AI Closes $2M Seed Round for Concrete Efficiency Platform

L.A. Business Journal

Westwood-based Concrete-AI Inc., a UCLA spinout with technology to enable more efficient use of concrete, announced January 13th that it has raised $2 million in a seed financing round led by Boston-based Grantham Foundation for the Protection of the Environment.

UCLA 245
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DCN Dx Names Chief Revenue Officer

socalTECH

Carlsbad-based DCN Dx, a developer of rapid diagnostics products, said it has named Mitzi Rettinger as the company's new Chief Revenue Officer. Rettinger was preivously senior director of digital sales and digital transformation for MilliporeSigma, and also had served as Vice President of Sales and Marketing at Cerilliant Corporation.

Sales 113
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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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Edison Moves Forward With $1.2B Battery Storage Contract

L.A. Business Journal

Last month, Southern California Edison, the electric utility subsidiary of Rosemead-based Edison International, announced two major moves to reduce reliance on greenhouse gases (GHG).

Rosemead 243
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Zefr Partners With TikTok

socalTECH

Los Angeles-based advertising technology developer Zefr says it has partnered with TikTok, to provide brand safety and brand suitability measurements. Financial details of the partnership were not announced. According to Zefr, it will provide advertisers with independent, video-level verification of their content adjacencies on TikTok, mapped to the Global Alliance of Responsible Media (GARM) brand safety floor and brand suitability categories.

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Route Finds $200M For Package Tracking

socalTECH

Los Angeles- and Salt Lake City-based Route, which develops shipment tracking software that allows any e-commerce provider provide real-time updates on orders to customers, has raised $200M in a funding. Investors in the funding include Eldridge, Madrona Venture Group, Riot Ventures, FJ Labs and Jaws Capital. The company said it is now worth $1.25 billion, and has raised a total of $291M.

Commerce 113
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Crypto IRA Software Creator iTrustCapital Raises $125 Million

L.A. Business Journal

The Long Beach-based tech platform creator iTrustCapital Inc. secured a $125 million Series A equity raise for its Crypto IRA software platform, the company announced on January 19th, with a post-funding valuation exceeding $1.3 billion.

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Activision Workers At Raven Seek Union Status

socalTECH

Quality assurance (QA) testers for Santa Monica-based Activision are seeking to form a new union, called the Game Workers Alliance, according to reports, with the effort being driven by QA testers at Activision's Raven Software.

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5 Components Of A Startup That Will Bring Fulfillment

Startup Professionals Musings

Building a startup is hard work for low pay, it’s risky, and it requires total responsibility to make it work. Yet, many entrepreneurs are the happiest people I know. On the other hand, I know many unhappy individuals who are always partying, have minimal commitments, and little responsibility. I suspect the real parameters of happiness have eluded these people.

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