socalTECH

JUNE 2, 2020

Santa Monica-based on-demand scooter company Bird has shut down its operations in the Middle East, according to reports, shutting down Circ, which it had acquired in January, and laid off all of its employees. Bird had only just acquired Circ in January, shortly before the world was hobbled by the pandemic. According to those reports, as many as 10,000 of Circ's scooters have been sent for recycling, and around 100 employees laid off.

Santa Monica 113

Santa Monica Demand Report Funding 113

socalTECH

JUNE 2, 2020

Santa Monica-based Activision says it is delaying the seasons of Modern Warfare , Warzone , and Call of Duty: Mobile , explaining in a post on Twitter that "now is not the time", referencing the civil unrest currently gripping the United States. Activision--which also runs the e-sport Overwatch League--has been rapidly adjusting its plans this year due to world events, including modifying how it has run its e-sports events due to the pandemic, and now the civil unrest in the US.

Activision 113

Activision Santa Monica Mobile 113

socalTECH

JUNE 2, 2020

Los Angeles-based solar energy developer 8minute Solar Energy says it has received a $225M letter of credit, to go towards development of its pipeline of solar and energy storage projects. According to the company, the letter of credit was led by CIT, and also included KeyBank, HSBC, Rabobank and Nomura Holdings. The company said the ltter of credit will be used to post securities for its power purchase agreements (PPAs). 8minute is led by Dr.

Los Angeles 113

Los Angeles Angel Develop Development 113

socalTECH

JUNE 2, 2020

Irvine-based Buy It Installed , a startup which provides on-site, home installation of products, says it is seeking $4.5M in a Series A extension, and received new investment funds as part of that funding. Amount of that investment was not announced by the company. According to Buy It Installed, it is currently focused on on-site, installation for the automotive aftermarket.

Sites 113

Sites Invest Networking Funding 113

Advertiser: Aggregage

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.

Company

socalTECH

JUNE 2, 2020

Los Angeles-based Trait Signal , a new, automatic analytics startup, said this morning that it has launched a software platform to provide car dealers insights on cars for sale. The startup says its platform, which is available to car dealers across the U.S. and Europe, aggregates information on automobile mobiles, providing information to help buyers understand a vehicle's "defining traits.

Artificial Inteligence 113

Artificial Inteligence Software Platform Los Angeles 113

socalTECH

JUNE 2, 2020

San Diego-based Insightful Science said this morning that it has acquired Statsols , which develops clinical trial design software nQuery. Financial terms of the acquisition were not announced. Insightful Science said the buy will help it build its portfolio of scientific software solutions. Insightful Science said that nQuery covers all phases of clinical trails, I - IV, and is being used by more than 50,000 researchers from around the world.

San Diego 113

San Diego Acquisition Design Research 113