SpaceX Acquires Swarm Technologies
L.A. Business Journal
AUGUST 9, 2021
SpaceX has agreed to purchase Swarm Technologies, which designs small satellites to manage internet-of-things services.
L.A. Business Journal
JUNE 21, 2021
Pasadena-based energy technology company Heliogen Inc. has raised a total of $108 million in two funding rounds to help develop its industrial solar energy technology, the company announced June 15.
APRIL 8, 2021
In a small industrial park located nearly halfway between Los Angeles and San Diego, one company is claiming to have hit a milestone in the development of a new technology for generating power from nuclear fusion. ” TAE Technologies Michl Binderbauer standing next to the company’s novel fusion reactor. .”
NOVEMBER 18, 2021
Playa Vista-based transportation technology developer Hyperloop Transportation Technologies is showing off what it calls its "completed hyperloop capsule passenger experience", which it designed in conjunction with design firm ICONA Design Group. The design is aimed at transporting 30 passengers.
JULY 19, 2021
Irvine-based Halo Technology Group, a manufacturer of fiber optic transceivers and high speed cabling, said last week that it acquired two companies, Aria Technologies and Solid Optics.
JANUARY 9, 2023
Santa Barbara-based Live Data Technologies said this morning that it has raised $5M in a Series A funding round. Source of the funding was not announced. The company says it is developing software to verify B2B contact data for people, tracking people as they move jobs.
Startup Professionals Musings
MAY 5, 2023
Technology is so key to every business these days that experienced business-smart but non-tech entrepreneurs are feeling deeper and deeper in the hole. Startups succeed most often when the founding partners know how to build and run a business, rather than how to build and run technology.
AUGUST 9, 2021
Los Angeles-based rocket and spacecraft developer SpaceX has acquired Swarm Technologies, a developer of "smallsat" (small satellite) technology. Financial terms of the buy were not announced, and no details of the acquisition were announced. The deal was uncovered via a series of filings with the FCC. Swarm has a network of 120.
NOVEMBER 29, 2021
Valencia-based Valencia Technologies, which is developing a device for the treatment of urgency urinary incontinence (UUI), said it has named a number of executives this morning.
MAY 25, 2021
Monrovia, California-based SiLC Technologies, a developer of machine vision tools, says it has raised $17M in a Series A funding round. The funding was led by Alter Venture Partners and Dell Technologies Capital and also included Fluxunit -- OSRAM Ventures, Sony Innovation Fund by IGV, Epson, UMC Capital, Yamato Holdings and Global Brain.
JUNE 17, 2021
Santa Monica-based private equity investor Clearlake Capital said this morning that it is acquiring Confluence Technologies, a developer of software which is used by the investment industry to automate business processes at asset managers and service providers. Confluence Technologies will continue to be led by current CEO Mark Evans.
Startup Professionals Musings
JULY 9, 2022
Although I’m not an aficionado of checklists in general, I really appreciate one he has included for keeping up with some of the latest technological trends that are reshaping business strategies, which should be the driver for startups to fill in the gaps. Are you driving the technology, or is it driving you? Cloud Computing.
OCTOBER 26, 2020
Newport Beach-based OnSite Waste Technologies has raised $3.5M The startup says it is developing technology for immediate sterilization of medical waste. 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.
DECEMBER 8, 2017
This week has been a good one for those who like to talk about the limits of technology. Over in the UK, a prankster managed to fool Trip Advisor into naming his shed the #1 ranked restaurant in London. Meanwhile, in Los Angeles, a city struggling to manage several wind-fueled wildfires, the L.A.P.D.
SEPTEMBER 27, 2021
Los Angeles-based Karman Missile & Space Systems, a developer of flight hardware and sub-assemblies for the space market, said Friday that it has acquired Systima Technologies, a provider of integration of mission critical space and hypersonic systems. Financial details of the acquisition were not announced.
NOVEMBER 3, 2020
Newport Beach-based startup OnSite Waste Technologies , which is developing counter-top, on-site medical waste sterilization products, says it has signed on a supplier of products for the senior living industry. The company said that Direct Supply, based in Milwaukee, is offering the company's OnSite TE-5000 product to its customers.
FEBRUARY 2, 2022
Los Angeles-based private equity investor Levine Leichtman announced this morning that one of its portfolio companies, BigHand Ltd, has acquired legal software developer Iridium Technology from private equity investor Polaris Growth Fund. Financial details of the deal were not announced.
MARCH 30, 2021
Self-driving and robotics startup Cartken has partnered with REEF Technology, a startup that operates parking lots and neighborhood hubs, to bring self-driving delivery robots to the streets of downtown Miami. Starship Technologies CEO Lex Bayer on focus and opportunity in autonomous delivery.
OCTOBER 6, 2021
Carlsbad-based mionx, a developer of lithium-ion battery technology, says it has received a Series B financing round. The company said the funding will go to accelerate transfer of its technology to lithium-ion battery manufacturers. Size of the investment was not announced. Amionx is led by CEO Jenna King.
Startup Professionals Musings
AUGUST 15, 2020
Young entrepreneurs often are so excited by new technology or their latest invention that they forget to translate it into a value proposition that their customers or potential investors can understand and relate to. Often new technologies are seen by senior decision makers as new opportunities for litigation and hackers.
OCTOBER 12, 2020
Huntington beach-based Newlight Technologies , a developer of an ocean-degradable biopolymer, which can be used like plastic but decays with exposure to seawater, has raised $45M in the company's Series F funding round. The funding came from private equity firm Valedor Partners, as well as GrayArch Partners.
JUNE 30, 2020
Santa Ana-based Aegis Technology , a developer of materials technology, has been selected for a $125,000 grant from NASA , to help develop low cost lithium-ion batteries with more desirable performance, including longer lifespans, NASA said on Tuesday. READ MORE>>.
JUNE 9, 2020
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>>.
JULY 13, 2021
Carlsbad-based Smart Earth Technologies (SET), a developer of LTE and 5G products for the water utility market, has been acquired by San Francisco-based CrescoNet. Financial terms of the acquisition were not announced.
JANUARY 28, 2021
Irvine-based Halo Technology Group, a manufacturer of fiber optic transceivers and high speed cabling, said today that it has acquired Skylane Optics, a manufacturer of optical networking products. Halo Technology said the acquisition will add new products, including CFP-DCO coherent products.
JANUARY 25, 2022
Starship Technologies is describing this as a “quasi-equity facility”, meaning there is a venture loan involved in the mix. Starship’s delivery robots are already proving their worth, and we are glad to support the company so that they can continue to develop their technology and scale-up their production.”.
AUGUST 14, 2018
Carlsbad-based Airspace Technologies , which is developing technology for the logistics market, says it has raised $8M in a Series A funding round. According to Airspace, it is providing "time definite" delivery and supply chain services to the healthcare, technology, and aerospace sectors.
SEPTEMBER 1, 2021
The company said it will officially be called Fair Technologies. According to the company, it is pivoting to launch a launch an end-to-end e-commerce marketplace that offers consumers inventory and comprehensive financing, insurance and extended warranties. Fair is now headed by CEO Brad Stewart.
NOVEMBER 25, 2020
Santa Monica-based private equity investor Clearlake Capital Group said this morning that one of its portfolio firms, Zywave , has acquired Insurance Technologies Corporation (ITC). Insurance Technologies Corporation is a provider of marketing, rating, and agency management software for the insurance industry.
Startup Professionals Musings
JULY 10, 2022
Here are some recognizable entrepreneurial examples I like, just from the technology space: Driven by an epic ambition. All of them have created massive new capital, be it financial or technological, social or spiritual. Consistently produce results. All of them have transformed the condition of mankind – for the better.
NOVEMBER 18, 2020
The City of Los Angeles and Mayor Eric Garcetti said this week that it is launching a new Transportation Technology Innovation Zone , which Garcetti said will allow innovators to test their transportation technology solutions.
SEPTEMBER 2, 2021
Los Angeles-based Hubble Connected, a technology products developer, says it is launching a new set of products at at parents, infance, children, and expecting mothers. The company said it has launched a new brand called "Hubble Connected" which includes a baby monitor, infant sleep monitor, and camera.
SEPTEMBER 15, 2021
Quibi, the short-lived, short-form-mobile-video startup run by Jeffrey Katzenberg, is transferring its mobile video technology to another company, Eko, after Eko filed a patent infringement lawsuit against Quibi. Quibi--which shut down its operations last year--continues to exist as a legal entity, despite no longer operating as a company.
FEBRUARY 9, 2021
Santa Barbara-based C-Zero, a startup developing natural gas decarbonization technology--based on research out of UCSB--has raised $11.5M The company said the funding will go towards accelerating its first commercial-scale deployment of its technology. in a Series A funding, the company said this morning.
OCTOBER 2, 2019
San Diego-based MemComputing , a startup developing high performance computing (HPC) technology, has been selected by Chevron Technology Ventures (CTV), for CTV's Catalyst Program, which supports early stage companies focused on the oil and gas industry. MemComputing is led by CEO and co-founder John Beane.
OCTOBER 30, 2018
Santa Barbara-based MEMs technology developer Innovative Micro Technology (IMT) said early this morning that it has received a majority equity financing from Cerium Technology. Cerium Technology is an investment firm focused on the Internet-of-Things (IoT) market. IMT is currently led by CEO Craig Ensley. READ MORE>>.
JANUARY 18, 2018
Two, San Diego-based software development and integration companies-- Solekai Systems and Fairway Technologies --said this morning that they have merged into a new company. Financial details of the merger were not announced. According to both companies, they will continue to operate under their respective names.
APRIL 15, 2019
Aliso Viejo-based Corent Technologies , which develops cloud migration software, and AI and data analytics software developer MapR Technologies said this morning that MapR Technologies has selected Corent's SurPaaS platform to help customers access MapR's Data Platform for AI. Financial details of the deal were not announced.
MAY 19, 2020
Pasadena-based robotics developer Miso Robotics says it is partnering with PathSpot Technologies , a developer of technology which scans the hands of employees to make sure they are free of contaminants.
AUGUST 23, 2021
El Segundo-based Millennium Space Systems, which was acquired by Boeing in 2018, said this morning that it has demonstrated its technology, which allows companies to "deorbit" their satellites in significantly less time than normally required after a satellite's usable life.
APRIL 8, 2019
Los Angeles-based CitySourced , which develops mobile apps to help cities communicate with their constituents, has merged with Rock Solid Technologies , a provider of software to the government. Financial terms of the merger were not announced. Rock Solid is owned by private equity investor Strattam Capital.
JUNE 10, 2021
San Diego-based private equity investor HCAP Partners announced today that it has provided a follow-on investment in TCS Healthcare Technologies, a provider of managed care softare, as part of an acquisition effort by TCS. Financial details of the acquisition and investment were not announced by HCAP Partners.
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