TechCrunch LA

DECEMBER 15, 2020

When it first launched nearly three years ago, Fifth Wall had a vision of leveraging capital limited partners from across the real estate development and construction business to back the technologies the industry needed most. That early vision resonated so well, that the firm has grown from managing one fund of $212 million to holding roughly $1.2 billion in assets under management.

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Funding Demand Los Angeles Invest 240

L.A. Business Journal

DECEMBER 15, 2020

Rocket Lab USA Inc. completed another mission Dec. 15, sending a satellite into space aboard one of the company’s Electron launch vehicles.

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socalTECH

DECEMBER 15, 2020

San Diego-based software developer ClickUp , which develop workplace apps, says it has raised $100M in its Series B funding round. The funding was led by Georgian, and also included Craft Ventures. ClickUp says it has now raised $135M in total. ClikUp offers up a range of corporate apps, including project management, chat, docs, time management, wikis, goal tracking, dashboards, and more.

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Doc San Diego Software Development Software 203

socalTECH

DECEMBER 15, 2020

Irvine-based Cosemi Technologies , a developer of plug-and-play HDMI, DisplayPort and USB active optical cables, said on Tuesday tht it has raised $8M in a strategic funding round. The funding came from Nitto Denko Corporation, a Japanese materials manufacturer. According to Cosemi, it will ues the new funding round to accelerate its growth, and also address a growing market in the area of high-speed, hybrid active optical interconnect solutions.

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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.

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socalTECH

DECEMBER 15, 2020

Los Angeles-based venture investor Fifth Wall has added a new partner to the firm, Greg Smithies , to help it with its investments in climate related technologies. Smithies formerly was at BMW iVentures. The fund--better known for its real estate investments--disclosed today that it is raising a new, climate-focused fund targeted at at least $200M. Fifth Wall has not disclosed limited partners or current commitments in that new fund.

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socalTECH

DECEMBER 15, 2020

San Diego-based outsourced healthcare R&D marketplace Scientist.com said this morning that it will acquire HealthEcnomics.com , which operates an online community of scientists and suppliers of heatlh economics and outcomes research. Financial details of the acquisition were not announced. The companies said they expect the acquisition to be completed in January.

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socalTECH

DECEMBER 15, 2020

Westlake Village-based Eta Compute , a developer of technology for energy efficient artificial intelligence processing, has raised $12.5M in a Series C funding. The company says it has now raised $31.9M in total. The funding was led by Synaptics Incorporated, as well as existing investors. As part of the funding, Satish Ganesan, the Chief Strategy Officer at Synaptics, will join Eta's board.

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Westlake Village Artificial Inteligence Platform Funding 113

socalTECH

DECEMBER 15, 2020

Los Angeles-based life sciences investor Westlake Village BioPartners announced today that it has raised two new venture capital funds, worth a total of $500M, for its investments in biotech companies. According to the company, its two funds include Opportunity I, worth $70M, which will invest in additional Series B or later-round capital into promising companies they incubated or invested in with their original fund, Westlake BioPartners 1 (WBP1).

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socalTECH

DECEMBER 15, 2020

El Segundo-based NEOGOV , which develops human resources software for the public sector, says it has agreed to merge with PowerDMS , a developer of cloud-based compliance software. Financial details of the merger were not announced. PowerDMS develops compliance software used to track compliance with politics, training, and industry standards. NEOGOV said the merger will expand its product offerings.

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