Mon.May 11, 2020

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Aerojet Secures $1.8 Billion NASA Project

L.A. Business Journal

Rocket propulsion manufacturer Aerojet Rocketdyne Inc., a subsidiary of El Segundo-based Aerojet Rocketdyne Holdings Inc., was awarded a $1.79 billion follow-on contract by NASA to manufacture engines.

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CrowdVision Merges With iinside, Sets Up LA HQ

socalTECH

UK-based CrowdVision Ltd. , a developer of analytics software, and Los Angeles-based iinside , a developer of indoor motion detection, have merged, and set up their headquarters in Los Angeles. According to the companies, the newly merged company, CrowdVision, Inc., will be led by David Teed, the current CEO of CrowdVision. According to the two companies, they will be developing solutions for the smart airport and smart city market.

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Embodied Plans Robot for Children

L.A. Business Journal

Embodied Inc., a Pasadena-based artificial intelligence and robotics company, has created an animatronic companion that it describes as “a Pixar character coming to life.

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Fair Names New CEO

socalTECH

Santa Monica-based car subscription service Fair said on Monday that it has named a new CEO, Bradley Stewart, the former CEO of XOJet. The appointment of a new CEO comes only seven months after replacing its CFO and cutting nearly half of its staff. Fair is reportedly in the midst of raising another round of funding to continue to grow its service. According to Fair Stewart served as CEO of XOJet from 2013 to 2018, eventually steering the company through an acquisition by its parent company, Vis

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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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Aerojet Secures $1.8 Billion NASA Project

L.A. Business Journal

Rocket propulsion manufacturer Aerojet Rocketdyne Inc., a subsidiary of El Segundo-based Aerojet Rocketdyne Holdings Inc., was awarded a $1.79 billion follow-on contract by NASA to manufacture 18 engines for the agency’s Space Launch System rocket.

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Elon Musk Restarts Tesla Production, Rebels Against Virus Rules

socalTECH

Elon Musk has restarted production of the Fremont production line for Tesla Motors , saying in a tweet that he is restarting production "against Alameda County rules". Musk--who threatened to pull his businesses out of California yesterday--has been an outspoken critic of public health restrictions that are meant to slow the spread of COVID-19. Musk--challenging public officials--said thtat "if anyone is arrested, I ask that it only be me.

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CoreSite Connects LA Data Center To Oracle Cloud

socalTECH

CoreSite Realty Corporation , which operates data centers across the United States, said today that it has connected its Los Angeles Campus to the Oracle Cloud, via Oracle's Cloud Infrastructure FastConnect program. CoreSite--which is based in Denver, and has data centers around the United States--said the program gives its customers a fiber interconnection to the Oracle Cloud, offering up low latency access to the Oracle Cloud Phoenix region.

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Rocket Lab Buys Sinclair

L.A. Business Journal

Rocket Lab USA Inc., a Long Beach-based space systems company, has acquired Canadian satellite hardware manufacturer Sinclair Interplanetary.

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NantHealth Extends Free Access To Eligibility Checking Software

socalTECH

Culver City-based personalized healthcare software developer NantHealth said last week that it will offer up free access to one of its software applications, Navinet AllPayer, as a result of the challenge healthcare providers are facing during the pandemic. According to NantHealth, it will offer up free access to its platform through May 31st, and will automatically extend free access for the month of May to its existing providers.

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Rocket Lab Buys Sinclair

L.A. Business Journal

Rocket Lab USA Inc., a Long Beach-based space systems company, has acquired Canadian satellite hardware manufacturer Sinclair Interplanetary.

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Experian Rolls Out COVID-19 Risk Mapping Tool

socalTECH

Costa Mesa-based data and analytics provider Experian has rolled out a new tool to help healthcare organizations and the government better assess risk of reopening, the company said today. According to Experian, its new Experian COVID-19 Outlook and Response Evaluator (CORE) tool allows those groups to understand high risk geographic populations based on Americans pre-existing medical conditions, demographic and socio-economic traits.

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5 Keys To Vetting Investors Before You Accept Funding

Startup Professionals Musings

Even though the color of their money is always green, all startup investors are not the same. Struggling entrepreneurs are often so happy to get a funding offer that they neglect the recommended reverse due diligence on the investors. Taking on equity investors to fund your company is much like getting married – it is a long-term relationship that has to work at all levels.