socalTECH

NOVEMBER 16, 2021

The LA Kings are in a partnership on virtual reality hockey training with VR training company Sense Arena, according to AEG and Sense Arena. According to the two, Sense Arena will provide its virtual reality hockey training platform to Kings' players at the team's official practice partnership. Financial details of the deal were not announced. Sense Arena says it offers up its virtual reality ice hockey training, with more than 1200 installations in 30 countries.

Training 113

Training Platform Company Companies 113

socalTECH

NOVEMBER 16, 2021

In an inauspicious start as a public company, Los Angeles-based electric vehicle developer Faraday Future says it is delaying its filing of its quarterly reports for the quarter ended September 30th, 2021, due to allegations of "inaccurate disclosures". According to the company, it has formed a special committee of independent directors to review allegations of inaccurate disclosures.

Report 113

Report Los Angeles Pricing Angel 113

socalTECH

NOVEMBER 16, 2021

Long Beach-based rocket launch provider Rocket Lab said late Monday that it has acquired Planetary Systems Corporation (PSC), a Maryland-based company developing spacecraft separation systems. According to Rocket Lab, it will pay $42M in cash and 1,720,841 shares of its common stock, plus up to 956,023 shares of its common stock based on performance earnouts for Planetary Systems.

Long Beach 113

Long Beach Product Develop Development 113

socalTECH

NOVEMBER 16, 2021

Los Angeles-based Inversion, a company which says it is developing space capsules aimed at making it easier to return cargo to Earth from space, has raised $10M in a seed funding round. The funding was led by Spark Capital, and also included Y Combinator, Embedded Ventures, Funders Club, Liquid 2 Ventures, plus angels Kyle Vogt (Cruise) and David Hodge.

Seed Funding 113

Seed Funding Los Angeles Capital Funding 113

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