Sat.Jun 06, 2020 - Fri.Jun 12, 2020

HBCUvc founder Hadiyah Mujhid on one way investors can advance racial equity

TechCrunch LA

In response to VCs’ sudden rush to invest in more Black founders , Black venture capitalists and entrepreneurs have penned a bunch of advice on the best way to tap into talent. Among the strategies? Team up with Black firms already doing the work.

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Economics 101: If water flows downhill, then why fight it?

Berkonomics

You’ll get the importance of this in a moment. Hang in there. Substitute the word “money” for “water” and we have an explanation for most all the reasons why successful products move from concept through early adopters through mass market. How money flows through the system.

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Arch Shifts VFX Work to the Cloud

L.A. Business Journal

The coronavirus pandemic has slowed the visual effects industry, but Hollywood-based Arch Platform Technologies Inc. is helping to bring VFX artists back to their workstations, virtually

8 Indications Of A Real Entrepreneur Versus A Hacker

Startup Professionals Musings

As a startup investor, I often see business proposals looking for funding that really look like expensive hobbies looking for donations.

Ford’s 2020 Escape plug-in hybrid takes aim at Toyota RAV4 Prime

TechCrunch LA

The 2020 Ford Escape plug-in hybrid — a first for the SUV — comes with an EPA-estimated 37 miles of all-electric driving range and 100 miles per gallon equivalent, stats that will put the redesigned model into competition with the new Toyota RAV4 Prime. The Toyota RAV4 Prime has an estimated 42-mile EV range and 94 MPGe. Toyota unveiled the first plug-in hybrid version of the model at the Los Angeles Auto Show in November 2019. The vehicle is expected to hit dealerships in the U.S. this summer.

Dimer In Deal With Partnership For Airplane Disinfection

socalTECH

Los Angeles-based Dimer LLC , the maker of the "GermFalcon" germicidal lighting, has entered into a strategic partnership with Honeywell to the aviation market, the company said on Wednesday. According to Dimer, Honeywell will sell the GermFalcon as the Honeywell UV Cabin System for "airline recovery". Dimer's system uses ultraviolet light for disinfection of surfaces, something which has been used in the healthcare industry for years.

Bird Scraps Some Scooters

L.A. Business Journal

Santa Monica-based Bird Rides Inc. is reportedly scrapping 8,000 to 10,000 e-scooters across cities Qatar, Bahrain and the United Arab Emirates

More Trending

Biotech Roundup: BIO on Racism, AbbVie Antibodies, IPO Surge & More

Xconomy

At the start of 2020 thousands of biotechies anticipated spending the second week of June in San Diego, hobnobbing at the annual conference hosted by the Biotechnology Innovation Organization.

Slingshot Aerospace Creates Online Mapping Tool For Food Help

socalTECH

Los Angeles-based Slingshot Aerospace , a startup which normally develops situational intelligence software, is helping to address some of the major issues to emerge out of the global COVID-19 pandemic, by helping to create an online mapping tool for finding food help.

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Dating App for Gamers Raises $2 Million

L.A. Business Journal

Downtown-based Covalent Inc., the developer of gamer dating app Kippo, has raised $2 million in a seed round

8 Learning Principles To Keep You Ahead Of The Game

Startup Professionals Musings

Aspiring entrepreneurs who rely only on traditional learning vehicles (teachers, classrooms, and risk-free practice) are doomed to failure in anticipating change today.

Moderna Finalizes Plan, Dose for Phase 3 Test of mRNA COVID Vaccine

Xconomy

Less than a month after reporting preliminary early-stage data for its experimental vaccine for the novel coronavirus, Moderna has finalized the plan for a Phase 3 test. The study, set to begin next month, is targeting enrollment of about 30,000 volunteers, Moderna (NASDAQ: MRNA ) announced Thursday.

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Google Sues Sonos Over Patents

socalTECH

Google has counter-sued Santa Barbara-based Sonos , with a patent infringement lawsuit, saying that Sonos has illegally used a number of Google patents in the development of its wireless audio technology. The lawsuit, Google LLC v. Sonos, Inc. , was filed in the US District Court for the Northern District of California on Thursday.

Subscription Brands Deliver for Consumers

L.A. Business Journal

For consumers stuck at home during the pandemic, a surprise delivery box just might be the thing that lights up their day

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6 Tips To Market Your Idea Before Building A Solution

Startup Professionals Musings

Savvy entrepreneurs start testing their ideas on potential customers even before the concept is fully cooked.

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Akouos Aims for an IPO to Advance Hearing Loss Gene Therapy to Clinic

Xconomy

Hearing loss can stem from a variety of reasons, but in rare cases it’s caused by genetic defects. Akouos is developing a gene therapy to address these problems and it’s planning an IPO to finance the first tests of its approach in humans.

LiveXLive Links With Baeble Music

socalTECH

Los Angeles-based live streaming audio and video provider LiveXLive said this mornign that it has linked with music streaming provider Baeble Music , to distribute its content across Baeble's platform. Financial details of the content, distribution, and revenue share agreement were not announced. LiveXLive said the addition of Baeble expands its reach to a total of 35 platforms.

Bird Scraps Some Scooters

L.A. Business Journal

Santa Monica-based Bird Rides Inc. is reportedly scrapping 8,000 to 10,000 e-scooters across cities Qatar, Bahrain and the United Arab Emirates. The e-scooters belonged to Circ, a Berlin-based company Bird acquired in January

8 Business Accountability Lapses And How To Recover

Startup Professionals Musings

As a business investor, I look for investments where I see founders really holding their people accountable for their actions. More importantly, I look for entrepreneurs and owners like you who are not afraid to hold themselves accountable for the success of the business.

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Giftaplate Lets Users Donate Meals To Familes In Need

socalTECH

A new, nonprofit organizatino, Giftaplate , is working with local restaurants in Los Angeles, to allow people to donate to help both restaurants and families in need. The organization--launched by Silicon Valley startup Plate IQ, HotSchedules, and others--said it is looking to help aid restaurants and families who have been greatly impacted by COVID-19 in LA.

Grow Credit Gets $2M In Seed Funding

socalTECH

Santa Monica-based Grow Credit , a startup which helps people establish credit by paying for subscriptions to services such as Netflix, Disney Plus, and Spotify, has raised $2M in a seed funding round, the company said on Tuesday. The funding came from Mucker Labs. The startup, led by Joe Bayen, has a virtual Mastercard which lets users pay for services and establish a credit record using those payments.

Karma Automotive Sets Chief Strategy Officer

socalTECH

Irvine-based electric car developer Karma Automotive announced this morning that it has named Greg Tarr as the company's new Chief Strategy Officer (CSO). According to Karma, Tarr has previously served at such companies at Vvodafone China, Singel's Globe Telecom, Axiata Group and Rogers Communitions, Gympse, Sirius XM, Networks in Motion, as well as a number of other companies.

Interview with Scott Grimes, Stackin

socalTECH

Our interview today is with Scott Grimes , the CEO of Los Angeles-based Stackin' , which operates a text-based, financial messaging platform. Stackin recentlyraised $12.6M in a funding round led by Octopus Ventures, and also which also included Experian Ventures, Cherry Tree Investments, Dig Ventures, Mucker Capital, Unlock Venture Partners, TechStars and Wavemaker Partners. What is Stackin'? Scott Grimes: We are the simplest entry point into finance.

VetPro Offers Up Software For Free

socalTECH

Irvine-based Panoramic-VetPro , a developer of software for state and county governments used to manage disability claims, said it will offer up its software to free to veteran service organizations. According to the company, it will offer up its disability claim management system, VetPro, to any organization that works to support disabled Veterans apply for benefits from the Department of Veterans Affairs during the COVID crisis.

Avidity Biosciences Prices IPO

socalTECH

San Diego-based Avidity Bio , a biopharmaceuticals company working on oligonucleotide-based therapies, priced its IPO last night, saying that it will offer up 14,400,000 shares of its common stock at $18.00 per share. The company priced above its initial estimated offering range of $14.00 to $16.00 per share. The company said it will begin trading on the Nasdaq Global Market today, June 12th, under the ticker symbol RNA.

SpaceX Planning New Launch From Vandenberg

socalTECH

Hawthorne-based SpaceX is planning a new launch of a payload from Vandenberg Air Force Base , just north of Lompoc, the first since June of 2019. According to NASA, it will be launching a new, international ocean measurement satellite, Sentinel-6. NASA said that Sentinel-6 will collect data on ea level, a key indicator of how Earth's warming climate affects weather and coastlines. SpaceX's last launch in Vandenberg was a set of three earth observation satellites for the Government of Canada.

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Headspace Raises $47.7M

socalTECH

Santa Monica-based meditation app provider Headspace has raised $47.7M in an equity funding round, according to a regulatory filing by the company, filed this week. The funding--an extension of its Series C funding--was announced at the Snap Partner Summit. According to the filing, the funding came from 10 different investors.

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inVia Robotics Expands Into Asia

socalTECH

Westlake Village-based inVia Robotics , which develops warehouse automation robots, is in an expansion into Asia, with its first deployment in Osaka, Japan. According to inVia Robotics, it will supply its autonomous mobile robots to automate fulfillment operations in the primary distribution center of Kantsu, a provider of logistics and warehousing services to the e-commerce industry. Financial details of the deal were not announced.

RocketLab Delays Launch To June 13th

socalTECH

Huntington Beach-based rocket launch provider Rocket Lab is again delaying its launch for this week, to June 13th. According to Rocket Lab, the delay--the second for the DontStopMeNow mission--is due to high winds at its LC-1 launch site. The company says the launch is now targeted for no earlier than 04:43 UTC on June 13th. The company's Electron rocket carries three payloads designed by the U.S. National Reconnaissance Office (NRO), which provides imagery and other information to U.S.

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Cue Health Connects With $100M

socalTECH

San Diego-based Cue Health , a developer of rapid molecular testing products, has raised $100M in a Series C funding round, the company said this week. The funding came from Decheng Capital, Foresite Capital, Madrone Capital Partners, Johnson & Johnson Innovation - JJDC, Inc., ACME Capital and other investment firms, according to the company. Cue Health develops rapid molecular testing products, aimed at use in nursing homes, emergency departments, and community health clinics.

SpaceX Bails On Lease At Port Of Los Angeles, Again

socalTECH

Hawthorne-based SpaceX has bailed on a pending deal to lease space at the Port of Los Angeles, the second time it has done so in the last year. The withdrawal of SpaceX's lease comes after a massive scramble by the Los Angeles Board of Harbor Commissioners to approve a 10-year agreement with SpaceX in February. SpaceX did not give a reason for withdrawing from the lease, however, it comes after Elon Musk threatened to leave California because of the state's response to the coronavirus pandemic.

Wheels Re-Launches Operations

socalTECH

Los Angeles-based Wheels , which provides on-demand, e-bike sharing services, has re-launched its operations, 3 months after pausing its operations due to the COVID-19 pandemic. According to the service, it is re-launching in Los Angeles, San Diego, Dallas, Austin, and Orlando this week, after re-launching its services in Stockholm and Madrid previously.

DelMar Pharmaceuticals Acquires Adgero Biopharmaceuticals

socalTECH

San Diego-based DelMar Pharmaceuticals announced this morning that it has acquired Adgero Pharmaceuticals. Financial details of the all equity deal were not announced. According to DelMar, it will change its name to Kintara Therapeutics , and change its NASDAQ symbol to KTRA. Adgero is a developer of late stage photodynamic therapy platform for the treatment of serious cutaneous oncology indications. DelMar said that current DelMar stockholders will own 50.5%

Wave Adds $30M For Virtual Concerts

socalTECH

Los Angeles-based Wave , which develops software and hardware to enable live, virtual reality concerts, has raised $30M in a Series B funding round, the company said on Wednesday. The funding was led by Maveron Ventures and Griffin Gaming Partners, and also included angels Alex Rodriguez and Scooter Braun. Wave is led by CEO Adam Arrigo. The company uses motion capture to power virtual, interactive concerts for music artists. READ MORE>>.

Los Angeles Sued By ACLU Over Scooter Tracking

socalTECH

On-demand scooter companies in the City of Los Angeles have gained a new ally in their efforts to keep the data about their scooters private, after the American Civil Liberties Union (ACLU) sued the Los Angeles Department of Transportation (LADOT) over its collection of anonymized electric scooter data.

Vacos Launches AI Powered Security Camera

socalTECH

City of Industry-based Vacos announced last week that it has launched a new, artificial intelligence (AI) powered video camera, which it says is now available in the US, UK, Germany, France, Italy, Spain, and the Netherlands. The company said the camera is aimed at smart home applications, and is battery powered. The company said the new camera features WiFi, a spotlight, and "siren alarms", and was funded through campaigns on Indiegogo and Kickstarter back in November of 2019. READ MORE>>.

Fralock Acquires Career Technologies USA

socalTECH

Valencia-based Fralock , which designs and manufactures specialty components for the aerospace, electronics, industrial life science, medical, satellite, and semiconductor equipment manufacturing industries, has acquired Chatsworth-based Career Technologies USA READ MORE>>. fralock career technologies semiconductor electronics manufacturing merger acquisition private equity