Mon.Feb 11, 2019

Greylock-backed Robotics Startup Nuro Snags Big $940M Funding Round

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Nuro , a self-driving, delivery robot developer backed by Los Angeles-based venture investor Greylock Partners, has raised a huge, $940M funding round from SoftBank Vision Fund, the company said on Monday. Nuro said the new funding brings its total raised to more than $1 billion. Other investors in Nuro include Greylock Partners and Gaorong Capital.

Qualcomm Sells Medical Device Connectivity Business to PE Firm

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Francisco Partners, a San Francisco-based private equity firm, said Monday it has acquired Qualcomm Life, a subsidiary of the San Diego chipmaker that focuses on connecting medical devices to software applications installed at hospitals and other healthcare organizations.

HyperX Signs Pittsburgh Knights

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Fountain Valley-based gaming accessories maker HyperX said this morning that it has become an official sponsor of the Pittsburgh Knights , the esports team that is associated with the Pitssburgh Steelers. According to HyperX, which is the gaming division of Kingston Technology, it will become the "Exclusive Peripherals Sponsors" of the Knights, providing gaming headsets, keyboards, mice, mousepads and internal memory products to the team. Financial details of the arrangement were not announced.

Virgin Galactic Donates Rocket Motor To Smithsonian

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Virgin Galactic and its sister company, The Spaceship Company (TSC), said last week that it has donated a rocket motor to the Smithsonian Air & Space Museum , for the Smithsonian's efforts to create a new gallery focused on commercial space flight. The hybrid rocket motor was used on SpaceShipTwo, VSS Unity last year. The rocket motor was designed and built by TSC. The 3,000 pound motor is what is used to send Virgin Galactic's SpaceShipTwo spacecraft into space.

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Startup Boost Los Angeles Opens Apps For Spring Program

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Startup Boost Los Angeles , the early stage startup program which is led in LA by Matt Stoddard, says it has opened up applications for its Spring 2019 program. According to Stoddard, it is looking for nine early stage startups to participate in its eight-week program. The program includes six weekly workshop sessions and one demo night hosted by Google in Venice. Applications for the program will close on March 15th.

SpaceX Books Lunar Lander Launch Mission

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Hawthorne-based SpaceX has been booked to launch the first, privately funded lunar lander mission, as a secondary payload on an upcoming launch from Cape Canaveral. According to satellite launch arranger Spaceflight, the first, privately funded and developed lunar lander has been booked on an upcoming ride-sharing mission on a SpaceX Falcon 9. The lunar lander was developed by SpaceIL, an Israeli non-profit.

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Zynx Health Signs Customer In Philadelphia

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Los Angeles-based clinical health software provider Zynx Health announced this morning that it has been selected by the Einstein Healthcare Network, in Philadelphia and Montgomery County, PA. According to Zynx Health, the academic healthcare system is implementing its products across its enterprise, which includes three hospitals with a total of more than 1,000 beds, 11 outpatient centers, 42 primary care practice locations, and 8,500 employees. Financial details of the win were not announced.

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Qualcomm Life Acquired By Francisco Partners

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San Diego-based Qualcomm Life , the Qualcomm subsidiary which was focused on medical device connectivity, has been acquired by private equity investor Francisco Partners Capsule Technologies. Capsule Technologies will have two distinct business segments, Capsule, which will provide medical device connectivity products for hospitals, and 2net, a "medical grade" mobile connectivyt platform, according to the company.

Report: Activision Blizzard Planning Massive Layoffs

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Santa Monica-based Activision Blizzard is planning a set of massive layoffs, which may affect hundreds of people, according to a report on Friday. According to Bloomberg, Activision Blizzard is planning to lay off hundreds of people as it restructures to boost its profitability. Activision has not yet confirmed those plans, which were attributed to sources close to the company. READ MORE>>. activision blizzard layoff jobs employment gaming games videogame software