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Crypto IRA Software Creator iTrustCapital Raises $125 Million

L.A. Business Journal

The Long Beach-based tech platform creator iTrustCapital Inc. secured a $125 million Series A equity raise for its Crypto IRA software platform, the company announced on January 19th, with a post-funding valuation exceeding $1.3

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Startups Win $25,000 In CSULB Challenge

socalTECH

Two startups won a total of $25,000 in prizes last week at the Sunstone Innovations Challenge at CSULB, a startup pitch competition involving student teams from CSU Long Beach. According to Sunstone Management, four teams from the colleges of health and human services, business and engineering participated in the finals.

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Alliance for SoCal Innovation, Verizon Media In Partnership

socalTECH

According to the two, they have launched an online platform which will allow local community to independently curate, drive, and manage content and relationships in the region, with microsites already being developed for downtown Los Angeles, Long Beach, Ventura County/Thousand Oaks, and the Space Ventures Coalition.

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Momentum IoT In Partnership With Skyboss

socalTECH

Long Beach-based Momentum IoT , a provider of fleet telematics services, says it has partnered with Skyboss , a management software provider for field service companies. According to the two, they will integrate their platforms, allowing their customers to streamline their field services management processes.

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Virgin Orbit Sets Planned Board

socalTECH

Long Beach-based Virgin Orbit has set the planned board of directors for the company, assuming its ongoing special purpose acquisition (SPAC) deal goes through as planned. Virgin Orbit is developing a space launch system based on a modified 747-400 aircraft.

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Virgin Orbit Plans Demonstration Mission This Weekend

socalTECH

Long Beach-based Virgin Orbit is planning a demonstration launch of its small satellite delivery vehicle this weekend, saying it is hoping to launch a satellite into space on Sunday, May 24th at 10 AM PT.

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Sea Launch Exits Chapter 11, Acquired By Russian Firm

socalTECH

Long Beach-based Sea Launch Company , the aerospace firm which offers up an ocean-based space launch platform for rockets, said today that it has emerged from Chapter 11 bankruptcy, and is now majority owned by a Russian company, Energia Overseas Limited (EOL). Sea Launch will continued to be located in Long Beach.