Hyperloop Technologies becomes Hyperloop One, pulls in $80 million and announces global partners

TechCrunch LA

The news comes just days after rival hyperloop builder Hyperloop Transportation Technologies (HTT) announced a licensing deal to power its own prototype with magnetic levitation technology. Both Hyperloop One (formerly Hyperloop Technologies) and HTT are based in L.A.

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DTS Acquired By Tessera Technologies For $850M

socalTECH

Calabasas-based audio technology developer DTS is being acquired by San Jose-based Tessera Technologies , in a deal worth approximately $850M in cash, the companies announced today. Tessera Technologies said the acquisition will boost its 2016 pro forma revenues to approximately $450M, and bring its total number of engineers to over 450. tessera technologies merger acquisition semiconductor surround sound audio video processing

Trending Sources

Cal Net Technology Group Acquires inhouseIT

socalTECH

Chatsworth-based Cal Net Technology Group , a provider of IT support services, has acquired Orange County-based b> inhouseIT , according to Cal Net Technology's investors, including Boathouse Capital and Olympic Valley Capital. Cal Net Technology Group had quietly announced the deal to its customers at the end of July. Cal Net Technology's CEO is James Hwang. calnettechnology calnettech technology merger acquisition support managed services inhouseit

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Zuma Ventures: Creating A New Technology Startup Model

socalTECH

David Carter and Allen Hurff are two startup veterans, who believe they have a new formula to help create early stage, technology companies, through their new "startup studio", Zuma Ventures (www.zumavc.com).

Jacobs Buys Technology, Patents From Bayer AG

socalTECH

Financial terms of the technology buy were not announced. Jacobs Engineering said it acquired the BAYQUIK quasi-isothermal sulfuric acid converter technology and other related technology from Bayer AG, in a deal that includes all relevant Bayer technical, commercial and market information, plus transition services. jacobs bayer sulfuric acid merger acquisition technology patent process chemicals

Brand Affinity Technologies Raises $7.5M

socalTECH

Irvine-based Brand Affinity Technologies , the startup headed by Ryan and Chad Steelberg which is focused on celebrity endorsements, said this morning that it has raised $7.5M Brand Affinity Technologies operates an online service which helps brands connect with celebrities and athletes for endorsements, providing metrics to find celebrity talent on a city-by-city basis. capital venture steelberg chad ryan dmarc endorsement athlete celebrity technology technologies affinity brand

Qualcomm Making Inroads with Wireless EV Charging Technology

Xconomy

If there’s one thing that’s become clear in the five years since Qualcomm (NASDAQ: QCOM ) acquired its Halo wireless automotive charging technology, it’s that building a new business—and a new industry—takes time.

CALIENT Technologies Raises $19.4M

socalTECH

Santa Barbara-based CALIENT Technologies , a developer of photonic switching equipment, said this morning that it has raised $19.4M CALIENT Technologies is headed by Atiq Raza, and develops modular photonic switching systems. calient technologies venture capital photonic switching

The First Ever In-Flight Wearable Technology Hackathon

Tech Zulu Event

Wearable World today announced the addition of several key partners to the wearable technology hackathon to be held on an upcoming American Airlines transcontinental flight. “We’ve The post The First Ever In-Flight Wearable Technology Hackathon appeared first on TechZulu.

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Sixty-four Southern California Firms On Technology Fast 500

socalTECH

Earlier this week, Deloitte released its latest list of the top 500 growing technology companies, in its 2012 Technology Fast 500. 381 Life Technologies Corporation 195% Carlsbad Gregory T. Flatley 412 NEOGOV 177% El Segundo Damir Davidovic 413 Maxwell Technologies, Inc.

New Report Details Technology Job Concentration In Region

socalTECH

A new report issued today, detailing technology jobs employment concentration in the United States, shines some light on where the highest concentrations of tech jobs are in the region. percent of jobs in technology, ranked at 20. percent of jobs in technology.

How Connectifier Is Applying Search Technology To Recruiting, With John Jersin

socalTECH

The company recently announced a funding round, led by True Ventures, so we thought we'd talk with John about what the company is doing, and why he believes search technology is so important to apply to recruiting. Recruiters can access that search technology in one of two ways.

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D2 Technologies Buys Webia Technologies

socalTECH

Santa Barbara-based D2 Technologies , which develops embedded IP communications software, reports today that it has acquired Webia Technologies , a developer of products for the Google Android OS platform. technologies voip software embedded android webia merger acquisition

Unconventional Collaborators, Like FDA, for Early Adoption of New Technology

Xconomy

[ Editor’s note: James Coon is the CEO of Emulate, a developer of Organ-on-chip technology.] Recently, new technologies have emerged that offer disruptive potential for steering the development of drugs in more precise, more predictable ways.

MicroPower Technologies Names VP

socalTECH

San Diego-based MicroPower Technologies , the developer of solar-powered, wireless surveillance cameras, said Thursday that it has named Dave Tynan as its new Vice President of Global Marketing and Business Development.

ADP Setting Up Technology Center In Pasadena With 350 Employees

socalTECH

technology center employees growth jobs employment pasadena lakeHuman resources outsourcing provider ADP is launching a new location in Pasadena, looking to tap into the wealth of technical talent with a new Innovation Center on Lake Avenue. According to ADP, the new Innovation Center will bring 350 employees to the new center, which will give it a West Coast location for its international business.

Cover Technologies Finds $1.6M For Algorithm Designed Buildings

socalTECH

Gardena, California-based Cover , which develops technology which uses algorithms and software to build custom, prefab buildings, including backyard studios, has raised $1.6M cover technologies algorithm software building architecture prefabin a seed funding round. The funding was led by General Catalyst and Khosla Ventures, and also included Fifty Years, Hyperspeed Ventures, and angels.

Procore Technologies Wins Big Construction Client

socalTECH

procore technologies construction cloud software saas mortensonCarpinteria-based Procore Technlogies , which develops cloud-based, construction management software, said it has signed its largest deal to date, with construction company Mortenson Construction. Financial impact of the win was not disclosed. Procore, which is led by Tooey Courtemanche, said that Mortenson Construction is approximately number 18 in the nation in terms of top construction firms, based on industry rankings.

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Procore Technologies Finds $30M For Construction Project Management Software

socalTECH

equity growth courtemanch tooey software management project construction capital venture technologies procore Carpinteria-based Procore , the developer of construction project management software led by Craig "Tooey" Courtemanche, said this morning that it has raised $30M in a growth funding round. The funding was led by ICONIQ Capital, and also included existing investor Bessemer Venture Partners. Procore said the funding will go towards accelerating growth of its business.

Biosynthetic Technologies Gets $100M Loan Guarantee From USDA

socalTECH

Irvine-based Biosynthetic Technologies , a developer of high performance biobased oils targeting the automotive and industrial lubricant market, has received a $100M loan guarantee from the U.S. biosynthetic technologies usda loan guarantee biofuel cleantech renewable chemical plant venture capital agriculture

eHow Launches Technology Channel

socalTECH

Looking to attract more consumers interested in learning more about technology, Santa Monica-based eHow , the online how-to site run by Demand Media, said today that it has launched a new Tech Channel as part of the site. ehow technology demand media content publishing consumer electronics

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Maxwell Technologies Gets $25M In Credit Facility

socalTECH

San Diego-based Maxwell Technologies , which develops ultracapacitor-based energy storage and other products, said today that it has received a $25M, three year revolving line of credit. maxwell technologies credit facility ultracapacitor funding debt storage energyThe new funding will go towards working capital. Maxwell said the line comes from East West Bank. Terms of the credit line were not disclosed.

Hyperloop Transportation Technologies Links With Insurer Munich Re

socalTECH

Playa Vista-based hyperloop developer Hyperloop Transportation Technologies --the company led by Dirk Ahlborn and Bibop Gresta--says it has linked up with insurance company Munich Re on a risk analysis and feasibility effort. According to HTT, Munich re created a "Hyperloop Transportation Technologies Risk Report" which assesses the feasibility and insurability of HTT's technology and system. hyperloop transportation technologies insurance munichre munich

Fallbrook Technologies Pulls IPO

socalTECH

San Diego-based Fallbrook Technologies , the developer of electrical transmission technology for the automotive industry, has pulled its IPO, according to a filing from the firm. fallbrook technologies electrical automobile auto clean cleantech merger acquisition exit

NASA JPL, Chevron Tie On Technology Development

socalTECH

The NASA Jet Propulsion Laboratory , based in Pasadena, and Chevron Corporation said this week that the two are in a new partnership, to develop a range of advanced technologies for harsh environments, including both on Earth and in space. nasa chevron technology development advanced

9 Technology Innovations Made In The USA

Tech Zulu Event

These range from technology mainstays like Motorola to companies known for pushing the envelope like Tesla. With the Model S, Tesla has taken the next step forward — a car that is both appealing to the mainstream and seen as a technological innovation.

The Convergence of Information Technology and the Life Sciences

Xconomy

We are at an incredible inflection point in the traditionally distinct fields of information technology and the life sciences.

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Why Technology is Driving More Urban Renewal

Both Sides of the Table

Back in 2006/07 when I sold my company and then worked at Salesforce.com there were very few options in SF for technology folk to build their careers at big, growing companies. Technology innovation doesn’t occur in a vacuum. And sci-fi writers are but one example of the way society impacts technology. And it is one of the reasons that NYC is developing a vibrant technology community.

How TaskUs Is Powering LA's Technology Startup Boom

socalTECH

Los Angeles has been in the midst of a technology boom over the last few years, with many of high profile startups growing in the area. We spoke with Bryce Maddock , founder of TaskUs, about the company and how it has been providing the manpower behind a lot of LA''s technology startups.

SmartDrive Raises Capital, Rolls Out Distracted Driving Technology

Xconomy

SmartDrive, founded in 2004, specializes in dashboard video cameras and related analytic technology to identify dangerous driving behavior. The telematic technology is intended to help fleet managers reduce risk by coaching operators to be safer drivers.

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Alelo, USC Team On Virtual Learning Technology

socalTECH

Los Angeles-based Alelo , which develops game-based, role playing simulations and teaching technology, says that it has partnered with the USC Institute for Creative Technologies , to co-develop disruptive learning technology.

LA Group Launches Effort To Promote Technology Corridor In Los Angeles

socalTECH

What's the best way to encourage development of the technology industry in Los Angeles? The group said that it is hoping to promote the path of the current Expo line as a new technology corridor, to create new "innovation hubs" along the corridor.

Tealium Adds $35M to Expand Technology, Sharpen Customer Focus

Xconomy

Tealium, a San-Diego startup that provides online advertising tag management and marketing services for enterprise customers, has raised $35 million in a growth financing deal intended to expand its technology and market reach. Tealium now has about 700 customers, including major companies in healthcare, financial services, travel, and technology, Lunsford said.