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Report: New Technology Offers Potential For Better Energy Storage

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New energy storage technology--based on gravity and potential energy--may be on its way to helping to revolutionize energy storage, without the need or limited lifetime of batteries, according to a report today. Energy Vault recently raised $110M in funding for global deployment of its technology, an is a spinout of Pasadena's Idealab.

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OnSite Waste Technologies Finds $3.5M

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Newport Beach-based OnSite Waste Technologies has raised $3.5M in a Series A funding round, according to the company. The funding round was led by Mark IV Capital, which also is based in Newport Beach. The startup says it is developing technology for immediate sterilization of medical waste.

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Science37 Seeks $130M More For Clinical Trial Technology, Says Report

socalTECH

Playa Vista-based Science37 , which develops technology to allow pharmaceutical companies to conduct clinical trials at patients' homes, is reportedly raising around $130M in a funding round from Softbank, according to a report this morning. The round, a Series D, appears to value to company at around $300M.

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Relativity Space Raising $500M, Says Report

socalTECH

Los Angeles-based printed rocket technology developer Relativity Space is in the midst of raising $500M, in a funding round which values the company at $2.3 billion, according to a report today from CNBC. The new round is reportedly being led by Tiger Global Management. READ MORE>>.

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Impervious.ai Finds Funding

socalTECH

Los Angeles-based Impervios Technologies, a developer of a software layer built on Bitcoin to enable "cryptographically secure, streaming, and censorship-resistant applications", said on Friday that it has raised a pre-seed financing. Size of the funding was not announced. The startup is led by CEO Chase Perkins.

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Relativity Space Confirms $500M Funding

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Los Angeles-based 3D printed rocket developer Relativity Space has closed $500M in Series D funding, the company disclosed Monday morning, saying it will use the new funding to accelerate commercialization, production scaling, and its long term development. READ MORE>>.

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Report: Dominate Fund Retreats From Hollywood

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An effort to raise an investment fund from Hollywood, to specifically invest in technology companies, looks to have pulled back its effort to court celebrities and actors, according to a report this week. financial investment celebrity capital venture hollywood fund dominate' READ MORE>>.

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