Wed.Aug 19, 2020

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GroWrk Launches Remote Office Management Service

socalTECH

Los Angeles-based GroWrk Remote , which is backed by Act One Ventures, says it has launched a new, smart remote office management platform designed to help companies manage their team's home office needs. The company said it automates equipment issuance, providing everything from sit-stand desks and ergonomic chairs, information technology resources, and more on a subscription basis.

Services 124
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5 Ways To Conserve Investor Cash And Ensure Survival

Startup Professionals Musings

Cash flow is a basic survival metric for every startup. Investors check your burn rate to assess your efficiency, and project your remaining runway before you run out of money and into a brick wall. Don’t wait until you are almost out of cash before managing every dollar spent, or looking for the next refueling from investors. Desperate entrepreneurs lose their leverage and die young.

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FarmSense Launches Automated Insert Monitoring System

socalTECH

Riverside-based FarmSense has launched an artificial intelligence-powered, automated, pest monitoring system, aimed at helping farmers monitor insects to make crop and pest control decisions. The company--which has received $7.5 million in academic funding, including Bill & Melinda Gates Foundation Awards, the Vodafone Wireless Innovation Award, and multiple National Science Foundation Awards--says it has created a new digital sensor to automate the process of real-time insect classification

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PeerStreet Launches Real Estate Investment Fund

socalTECH

Los Angeles-based real estate loan marketplace PeerStreet announced on Wednesday morning that it is launching a new fund, called the Peer Street Credit Opportunity Fund LP , which will provide another way for its customers to diversify, expand, and customize their real estate debt portfolios. PeerStreet said the new fund will allow people to take advantage of opportunities in distressed debt, warehouse financing and subordinate investments.

Invest 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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Sootchy Debuts College Savings Service

socalTECH

Los Angeles-based Sootchy , which develops an app to help family and friends of students help students avoid student debt, said on Wednesday it has launched a new mobile and desktop college savings platform. According to Sootchy, its service lets parents set up and manage a 529 account in their state, and lets parents, friends, family, and acquaintances contribute to a child's 529 college savings plan.

Services 113
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LinQuest Finds $76M From U.S. Space Force

socalTECH

Los Angeles-based LinQuest , a developer of space systems for the defense and intelligence market, reported on Wednesday that it has received $76M from the U.S. Space Force's Space and Missile Systems Center. LinQuest said it will be the prime contractor to support a satellite communications (SATCOM) effort for the U.S. Space Force. READ MORE>>.