L.A. Business Journal
APRIL 12, 2021
El Segundo, which sits on the airport’s southern edge, last month sent in comments opposing LAWA’s proposal to add two new terminals as part of the Airfield and Terminal Modernization Project.
Startup Professionals Musings
APRIL 12, 2021
As I’m sure you are aware, surviving that first couple of years as a new business is a huge challenge, waiting for cash flow to turn positive. In my experience as a business advisor and occasional investor, many of you won’t make it that far, succumbing to the high costs of getting those first customers, funding an initial inventory, and building an operational support process.
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L.A. Business Journal
APRIL 12, 2021
Another legal challenge has been launched against a project by downtown-based water infrastructure company Cadiz Inc. to pump and transport water from its desert aquifer.
socalTECH
APRIL 12, 2021
Irvine-based Creative Solutions, which develops software for broadcasters, film and video production companies, independent content creators and others, has acquired cloud-native live video broadcasting platform and software developer Lightstream. Financial terms of the buy were not annoucned. Creative Solutions also owns the Teradek, SmallHD, Wooden Camera and Amimon brands.
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.
L.A. Business Journal
APRIL 12, 2021
Zwift has raised a total of $620 million. The company plans to use this funding to further develop its app as well as Zwift-branded hardware, which it sells online.
socalTECH
APRIL 12, 2021
Rivian, the electric vehicle manufacturer that has operations in Southern California, has partnered with Samsung SDI for its battery cells, the companies said on Monday. Financial details of the partnership were not announced. Samsung SDI already has a deal to supply its battery modules with BMW Group and others.
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
socalTECH
APRIL 12, 2021
Los Angeles-based >A href="[link] which develops contextual advertising technology focused on video, has raised $18M in a Series B investment round. The round was led by Intel Capital, and also WISE Ventures, Quest Venture Partners and Mirae Asset Venture Investment, plus angels Mike Baker (Dataxu) and Mike Shehan (SpotX). Iris.TV was foudned in 2013, and provides analysis of videos to determine the content and relevance of clips to specific viewers.
L.A. Business Journal
APRIL 12, 2021
Westwood-based startup CarbonBuilt Inc. has a concrete plan for reducing carbon emissions.
socalTECH
APRIL 12, 2021
Anaheim-based networking hardware maker Zyxel said this morning that it has rolled out a brand new firewall line, aimed at the SMB market. According to the company its new USG FLEX Firewall series is part of its Nebula Cloud Networking line, and are specifically designed to support remote work. The company said that the product is a response to the rapid shift to remote networking, driven by the COVID-19 pandemic.
socalTECH
APRIL 12, 2021
Santa Monica-based private equity investor Sole Source Capital announced last week that it has acquired two companies, Peak-Ryzex and Optical Phusion, two companies in the factory automation area. Financial details of the transaction were not announced. According to Sole Source Capital, the acquisition mark the fifth and sixth portfolio company investments the firm has made in the automatic identification, data capture (AIDC) and factory automation area.
socalTECH
APRIL 12, 2021
Two startups won a total of $25,000 in prizes last week at the Sunstone Innovations Challenge at CSULB, a startup pitch competition involving student teams from CSU Long Beach. According to Sunstone Management, a private capital and investment firm, VITALINK, a biotech smart watch accessory startup developing a "a dermal caffeine dosage system" received $15,000 in seed funding and will also receive co-working space, marketing, legal and accounting services totaling up to $35,000.
socalTECH
APRIL 12, 2021
Long Beach-based Rocket Lab is looking to boost reusability of its rockets, by recovering the booster from one of its next launch, the company said last week. According to Rocket Lab, it will attempt to bring a rocket back from space at a launch in May 2021 from Launch Complex 1 in New Zealand. Rocket Lab says it will slow the Electron launch vehicle down from its normal greater than Mach 8 speeds as it re-enters the earth's atmosphere, and splash the rock down in the ocean.
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