Mon.Apr 13, 2020

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Pray.com Answers Call for the Digital Faithful

L.A. Business Journal

Pray is among a fortunate handful of companies whose businesses have actually benefited from the statewide shutdown. The platform's monthly active users grew 50% from February to March.

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Virgin Galactic Gets Critical Infrastructure Exemption

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Mojave-based Virgin Galactic , the commercial space tourism company which is backed by Sir Richard Branson, has received a a href="[link] infrastructure exemption , allowing the company to continue to operate during lockdown of most U.S. states. Virgin Galactic has been seeking to launch tourists into space as early as sometime this year. Virgin Galactic manufactures its spacecrafts in Mojave, and has a futuristic spaceport in New Mexico.

Company 124
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Services Helping Teachers, Students

L.A. Business Journal

Several Los Angeles tech businesses have stepped up to assist the thousands of students and educators across the United States who are adapting to virtual classrooms amid coronavirus-driven school closures.

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Interview with Greg Martin, LiquidStock

socalTECH

Our interview today is with Greg Martin , co-founder of LiquidStock (www.liquidstock.com), an investment fund which offers up a way for employees of private companies to exercise their stock options before an IPO or acquisition. Grega longtime veteran of venture investingalso shared his thoughts on the current pandemic, how investors are viewing the current market, and what startups can do now to survive through these unusual times.

Startup 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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Allset Raises $8M Series B

L.A. Business Journal

Playa Vista-based restaurant app developer Allset Technologies Inc. said it has raised $8.25 million in a Series B funding round led by the European Bank for Reconstruction and Development in London.

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Virgin Orbit Completes Flight Tests

socalTECH

Mojave-based Virgin Orbit , the other, Richard Branson-based spaceflight technology developer, successfully completed a number of tests on Sunday, on its way to its first demonstration launch. The company--which is developing orbital rockets designed to launch from a modified 747--said the tests were a complete, end-to-end launch rehearsal. The company said the test included "all of our ground operations; our mission control; all of our communications systems and protocols; all of our range asse

Design 113

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Qualstar Plans Delisting

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Camarillo-based data storage and power supply manufacturer Qualstar says it plans to delist from the Nasdaq and deregister its common stock. According to Qualstar, the delisting comes as it now has fewer than 300 holders of record, and that the delisting will result in reduction of its operating expenses. The company--which is currently trading as QBAK on the NASDAQ--said it expects its delisting to become effective on or about April 30th.

Report 113
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Green Dot Names Former Visa Exec As New Board Director

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Pasadena-based Green Dot has named a former Visa executive to its board of directors, the company said late last week. Green Dot said that Ellen Richey , the former vice chairman and chief risk officer for Visa, was appointed, effective April 3rd. Richey also will serve on its Risk Committee. Green Dot said that Richey has more than 40 years of legal and risk management experience, and had most recently been Visa's Vice Chairman of Risk and Public Policy; she also had been chief legal officer, c

Pasadena 113
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Oxystrap Shifts To N95 Masks

socalTECH

San Diego-based OxyStrap International , which normally manufactures fitness trackers, said this morning that it has shifted its manufacturing from its usual products, to manufacturing N95 equivalent protective masks. According to the company, it is hand making protective face masks made out of an "effective microbiological barrier material". The company said it will distribute its masks to health care workers, law enforcement, food handlers, and the general public, and that its masks are hand w

San Diego 113
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Masimo Expands Rollout Of COVID-19 Remote Patient Management Product

socalTECH

Irvine-based patient monitoring equipment developer Masimo has rolled out a new, remote patient management product specifically aimed at the COVID-19 pandemic. The company said its new product, Masimo SafetyNet, offers up remote pulse oximetry system which helps clinicians care for patients remotely in hospital settings and in non-traditional settings and circumstances.

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