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Dash Systems Raises $8 Million for Airdrop Technology

L.A. Business Journal

Hawthorne-based DASH Systems Inc. will use the funding to expand aerial shipping to remote and rural areas.

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Tech Coast Angels Los Angeles Launches New Members Only Fund

socalTECH

The Tech Coast Angels says it has launched a new, annual fund, and is continuing to invest--despite the pandemic. The angel group, the largest in the nation, said it invested over $19M in 2019, in part due to a similar fund created by its San Diego chapter, the TCA-San Diego, last year. Recess , Somabar , and Turn Technologies.

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Hadrian Finds $36M for Aerospace Manufacturing

socalTECH

Hawthorne, California-based Hadrian, which is working on aerospace manufacturing technology, disclosed in a recent regulatory filing that it has raised $36.3M in an ongoing funding. Details of the funding have not yet been announced by the company.

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SpaceX Lands $850M, Now Worth $74 Billion

socalTECH

Hawthorne, California-based SpaceX has completed raising $850M in new funding, boosting the valuation of the company to an astounding $74 billion, according to CNBC. The funding--which has not been announced by SpaceX--apparently valued SpaceX at $419.99

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Hyperloop Transportation Technologies Inks Deal In Slovak Republic

socalTECH

Hyperloop Transportation Technologies (HTT) is led by Dirk Ahlborn, and was originally funded by crowdfunding site JumpStarter. HTT said the deal will make it the first company to work on plans for a Hyperloop system in Europe. READ MORE>>.

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Report: SpaceX Raising New Funding At Near $10 Billion Valuation

socalTECH

A new report this morning says that Hawthorne-based spaceship and rocket developer Space Exploration Technologies is in the midst of raising a new round of investment, which values the company at around $10 billion. Amount of funding, and the investors involved, have not been disclosed. The report came from TechCrunch.

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SpaceX Gets Investment From Legendary Ventures

socalTECH

Hawthorne, California-based rocket and spacecraft developer SpaceX has just closed a Series N funding round, according to investor Legendary Ventures, which invested in the round. billion in new funding, at a valuation of $46 billion. The investment firm's General Partner is Jayson Kim. READ MORE>>.

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