Tue.Jan 03, 2023

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Hackers claim ransomware attack on Los Angeles housing authority

TechCrunch LA

The Housing Authority of the City of Los Angeles, or HACLA, has confirmed it is investigating a cybersecurity incident shortly after the LockBit ransomware gang claimed responsibility for a cyberattack on the agency. HACLA, which provides affordable housing to more than 19,000 low-income families across Los Angeles, was added to LockBit’s dark web leak site on December 31.

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Blacksmith Medicines Merges With Forge Therapeutics

socalTECH

San Diego-based Blacksmith Medicines and Forge Therapeutics said Monday that the two companies are in a definitive merger agreement. Financial details of the merger were not announced. According to the two, they will focus on the development of medicines targeting a large class of proteins called metalloenzymes, with initial focus on oncology and infection.

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VideoAmp Wins Warner Bros. Discovery

socalTECH

Santa Monica-based VideoAmp, which develops advertising measurement software, said this morning that it has inked a deal with Warner Bros. Discovery. According to VideoAmp, it will measure cross-screen campaigns for Warner Bros. Discovery. Financial impact of the win was not announced. VideoAmp is led by CEO and Founder Ross McCray. The company is backed by The Spruce House Partnership, D1 Capital Partners, Tiger Global, EPIQ Capital Group and Ankona Capital Partners.

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indie Semiconductor Ties With Seeing Machines

socalTECH

Aliso Viejo-based indie Semiconductor, which develops chips for the automotive industry, said it has entered into a strategic partnership with >Seeing Machines. Seeing Machines is a developer of computer vision processors. The companies said the partnership involves deploying Seeing Machines technology into indie's vision sensing system-on-chips (SoCs).

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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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Faraday Future Swizzles Board

socalTECH

Los Angeles-based electric vehicle maker Faraday Future said over the holidays that it has appointed two new directors to the company's board. According to Faraday Future, it has appointed Xuefeng ("XF") Chen and Ke Sun to the company's board, as a result of the resignation of two directors, Dr. Carsten Breitfeld and Mr. Edwin Goh. Interestingly enough, in the announcement, Faraday Future thanked Goh for his service on the board -- but not Breitfeld.