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SpaceX Acquires Swarm Technologies

L.A. Business Journal

SpaceX has agreed to purchase Swarm Technologies, which designs small satellites to manage internet-of-things services.

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Heliogen Raises $108 Million for Solar Energy Technology

L.A. Business Journal

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.

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Claiming a landmark in fusion energy, TAE Technologies sees commercialization by 2030

TechCrunch LA

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. .”

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Hyperloop Transportation Technologies Shows Off Capsule Design

socalTECH

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.

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Halo Technology Buys ARIA Technologies And Solid Optics

socalTECH

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.

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SpaceX Buys Swarm Technologies

socalTECH

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.

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Live Data Technologies Snags $5M

socalTECH

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.