socalTECH

APRIL 30, 2019

Lynwood, California-based NEXT , the developer of trucking and shipping logistics technology led by CEO Lidia Yan, has hired a trio of new executives--and says it is planning to add over 200 employees this year in a major expansion. The company, which helps match truckers with freight loads, said it has named. Jim Patterson has joined the company as Chief Product Officer, Bobby Napiltonia joined as Chief Revenue Officer, and Lyndal Larkin joined as Head of People.

Lynwood 150

Lynwood Google Sales Product 150

TechCrunch LA

APRIL 30, 2019

Editor’s note: This post originally appeared on TechNode , an editorial partner of TechCrunch based in China. It may have lost its original founding team , but the wheels are still rolling for embattled electric vehicle (EV) maker Faraday Future. The company, famous for lavish promotions but little substance , has received yet another financial lifeline in the wake of a dispute with key investor Evergrande.

Invest 143

Invest Layoffs Los Angeles Product 143

socalTECH

APRIL 30, 2019

Los Angeles-base information technology services provider ISSQUARED , which provides security, hybrid cloud infrastructure, networking, and software services, said this morning it has acquired Network Computing Architects (NCA), a provider of IT services to the small and mid-sized business market. Financial details of the buy were not announced. ISSQUARED said the buy will help it extend its coverage with local offices in Washington, Oregon, Texas and California.

Networking 133

Networking Los Angeles Services Software 133

SoCal Tech Calendar

APRIL 30, 2019

Friday, May 3, 2019 -- SoCalBio Innovation Catalyst Program. During this meeting, emerging companies will make presentations to the SoCalBio Company Screening and Mentoring Committee. This meeting is one of numerous company screening sessions organized by the Southern California Biomedical Council (SoCalBio) in preparation for the 21st Annual SoCalBio Conference to be held on September.

Southern California 100

Southern California Screening Mentor Conference 100

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

APRIL 30, 2019

Irvine-based Specright , a developer of specification data management software, has raised $8.8M in a Series A funding, according to the company. The startup said the funding was led by Pritzker Group Venture Capital (PGVC), and also included Okapi Venture Capital, Fika Ventures, and Mucker Capital. Gabe Greenbaum of Pritzker Group Venture Capital will join the company's board alongside the funding.

Software 113

Software Venture Capital Capital Funding 113

Xconomy

APRIL 30, 2019

Do Wall Street investors believe that exosomes, the tiny bubbles once thought to be just cellular garbage bins, may be the key to treating a slew of potential diseases? The coming IPO for Codiak Biosciences will present a test case. Codiak, a Cambridge, MA, company run by former Biogen (NASDAQ: BIIB ) research chief Doug Williams, outlined plans late Monday for an IPO.

Research 96

Research Tool San Diego Company 96

Xconomy

APRIL 30, 2019

Many of us know that anxious feeling that comes when Amazon texts a notification that it has delivered your package, except you’re nowhere near home at the time to receive it. The mind races: is the package sitting out in plain view for would-be thieves to notice? Will it be destroyed by a passing downpour? Will it even be there by the time I get home?

San Diego 87

San Diego Company Companies Services 87

socalTECH

APRIL 30, 2019

San Diego-based Quality Built , a provider of third-party, quality-assurance services to the residential and commercial construction industry, has received a private equity investment from Los Angeles-based Gallant Capital Partners. Size of the investment was not announced. According to the companies, Quality Built uses its own software platform and a proprietary database to mitigate risk, limit construction defect claims and allow builders to analyze and track the progress of individual project

Invest 113

Invest Capital San Diego Equity 113

Xconomy

APRIL 30, 2019

Vividion Therapeutics, a biotechnology company that launched in 2017 around discoveries made in Scripps Research Institute labs, has raised $82 million in financing. Nextech Invest, a Swiss investment firm that funds companies developing cancer therapeutics, led the Series B round of funding. As part of the investment, Nextech partner Jakob Loven gets a board seat.

Research 87

Research Invest Funding Develop 87

socalTECH

APRIL 30, 2019

San Diego-based Vividion Therapeutics , a biopharmaceuticals startup working on small molecule drugs, hsa raised $82M in a Series B funding round, the company said this morning. The funding--which the company said was oversubscribed--was led by Nextech Invest, and also included BVF Partners, Casdin Capital, Mubadala Ventures, Trinitas Capital, Mirae Asset Capital, Altitude Life Science Ventures, and Alexandria Venture Investment, plus existing investors ARCH Venture Partners, Versant Ventures, C

San Diego 113

San Diego Invest Capital Funding 113

socalTECH

APRIL 30, 2019

Los Angeles-based electric vehicle developer Faraday Future (FF) says it has received a new, $225M Senior Bridge Financing, from Birch Lake Fund Management, LP, ahead of a $1.25 billion equity capital raise it is running with Stifel Nicolaus & Co. According to the EV developer, the new funding will go towards supporting the completion and launch of its flagship vehicle, the FF 91 EV, as well as for development and launch of its mass market FF 81 vehicle in 2021, along with "support" of its v

Equity 113

Equity Los Angeles Funding Capital 113