Mon.Nov 15, 2021

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Coco Delivers Big Results With Small Robots

L.A. Business Journal

Last summer, Cyan Robotics Inc., better known as Coco, was just Brad Squicciarini, Zach Rash and a robot on the streets of Santa Monica.

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Heliogen Adds Two To Board

socalTECH

Pasadena-base concentrated solar power (CSP) technology developer Heliogen said this morning that it has named two new people to its board of directors. According to the company, it will add David Crane and Paddy Padmanathan upon closing of its merger with Athena Technology Acquisition Corp. Crane previously was CEO of Climate Real Impact Solutions, and previously was CEO of NRG, and also served as COO and CEO of International Power Plc.

Pasadena 113
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HiveWatch Makes Security Scalable

L.A. Business Journal

With a decade of experience in technology and law enforcement, Ryan Schonfeld knows a thing or two about security.

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Moonshots Capital Backs Able In Seed Funding

socalTECH

Los Angeles-based venture investor Moonshots Capital is one of the investors in a $3.29M seed funding round for Able, a developer of financial management tools for independent workers and freelancers. According to Moonshots Capital, the funding came out of its Fund II. Able raised the seed funding from Elefund, and also included Next Coast Ventures, Signal Peak Ventures, and U.K.

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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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EVgo Doubles Market Value to $4.7B, Partners With GM and Uber

L.A. Business Journal

EVgo Inc.’s market value doubled to about $4.7 billion over the last couple of weeks with investors reacting positively to the Sawtelle-based EV charging station network’s quarterly results along with news of expanded collaboration with General Motors Co. and Uber Technologies Inc.

Marketing 244
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Intelligo Scores $22M For Financial Risk Intelligence

socalTECH

Los Angeles- and Tel Aviv-based Intelligo, a software startup which develops software for financial risk intelligence and investment due diligence, said today that it has raised $22M in funding, the company said this morning. The funding came from Felicitas Global Partners LLC. According to the company, the funding comes on top of a $15M, Series B funding in November of 2020.

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Mingsight Gets $20M

socalTECH

San Diego-based MingSight Pharmaceuticals, a company that is developing treatments for chronic lymphocytic leukemia and diabetic macular edema, says it has raised $20M in a pre-Series B funding round. The funding was led by Kaitai Capital. According to the company, the proceeds of the funding will go towards clinical development of its product. Kai Zhang is CEO and co-founder of MingSight.

San Diego 113
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LA’s Greentech Industry on the Rise

L.A. Business Journal

From zero-emission transportation to clean energy, L.A.’s environmental technology industry has boomed in recent years.

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5 Strategies To Make You A Top Performer In Business

Startup Professionals Musings

In my role as business advisor, I’m hearing more and more about workers who seem to be doing less and demanding more. The current pandemic, which has driven more dependence on remote employees , makes it even harder for business owners, as well as aspiring new business leaders, to recognize and demonstrate exemplary performance in the workplace. Top performers want to know how to stand out, and business leaders need to know how to better recognize and mentor aspiring superstars before they burn

Demand 123
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TrueCar Sales Fall Amid Supply Chain Shortages

L.A. Business Journal

Santa Monica-based automotive technology platform TrueCar Inc.’s sales tumbled as supply chain issues rocked the company, according to its third quarter earnings report.

Truecar 130
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Afterparty Combines Crypto With Creators

L.A. Business Journal

David Fields has spent his whole career at the intersection of technology and the creator economy, working with companies like Walt Disney Co. and Tornante Co.