socalTECH
JULY 20, 2021
Los Angeles-based startup MSBAI, which is developing artificial intelligence tools for assisting in engineering reports it has received a $1M US Air Force grant. The company said it was selected for an AFWERX Small Business Innovation Research (SBIR) Phase 2 contract, which will go towards adapting its GURU cognitive AI assistant to support the Air Force.
L.A. Business Journal
JULY 20, 2021
Several local startups are among the 2021 class for Techstars' Los Angeles Accelerator.
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socalTECH
JULY 20, 2021
Los Angeles-based venture capital investor Moonshots Capital announced on Tuesday morning that it has raised $36M in its second fund, Moonshots Fund II. The venture investment firm--led by Kelly Perdew and Craig Cummings--said the new fund will continue to go to late Seed and Series A investments. Both Perdew and Cummings are military veterans, and very often back military veteran founders According to the fund, although it invests across geographies, it does make a lot of investments locally, w
socalTECH
JULY 20, 2021
San Diego-based Wugen, a biotechnology company which is developing treatments for solid tumors, recently annoucned a $172M, Series B funding round. The company--which says it licensed its technology from Washington University in St. Louis--said the Series B was co-led by Abingworth and Tybourne Capital Mangaement, and also included Fidelity Management & Research Company, Intermediate Capital Group (ICG), Sands Capital, Aisling Capital Management, Alexandria Venture Investments, Velosity Capital
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socalTECH
JULY 20, 2021
Los Angeles-based private equity investor Platinum Equity said this week that it has signed a definitive agreement to acquire Unical Aviation, a provider of aircraft parts and components to the global commercial aerospace market. Financial terms of the acquisition were not announced. Platinum Equity acquired Unical Aviation from that firm's founders.
socalTECH
JULY 20, 2021
Irvine-based Qmerit, which installed electric vehicle charging stations in residential and fleet environments, has scored an investment from GIC, Singapore's sovereign wealth fund, according to Qmerit. Size of the investment was not announced. According to Qmerit, the investment by GIC came alongside an investment from earlier investors Lime Rock New Energy and Schneider Electric.
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