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Chinese electric car and bus manufacturer BYD Motors said Thursday that it has agreed to mutually terminate a contract with the LongBeach Transportation Company , for ten electric buses for the city. The contract had been worth $12.1M; LongBeach is expected to reopen bidding on the contract.
LongBeach-based SpinLaumch , a space startup working on oribal launch systems which use a kinetic launch system to deliver payloads into space from the ground using a mass acceleration system, has raised $35M more, the company said on Thursday afternoon. The new funding brings the startup's total funding to $80M.
LongBeach-based satellite launch company Virgin Orbit, looking to rebound from a failed test flight in May, is seeking to raise funds ahead of a second launch.
LongBeach-based investor Sunstone Management is one of the investors in Emeryville, California-based Lucira Health , as part of a Series B funding rounding, the company said on Monday morning.
Laguna Hills-based See Jane Go , a startup which operates a ridesharing service driven by, and which serves just women, has raised $2.47M in an angel funding, the company said Tuesday. See Jane Go currently offers it service in Orange County and LongBeach, with plans to expand to the rest of Southern California using the funding.
Flywheel develops a mobile app which lets users hail local taxi companies, track locations, and pay with their smartphone, and says it has launched its service across Los Angeles, starting with Hermosa Beach, LongBeach, San Fernando Valley, and Pasadena.
LongBeach-based investor Sunstone Venture Capital Fund says it has participated in the funding for supersonic airplane maker Boom Supersonic. Sunstone did not say how much it invested in the round, which was announced last week by Denver-based Boom Supersonic.
LongBeach-based Payoff.com , a startup which operates an online service that helps user pay off debt and save money via online rewards, social tools, and peer pressure, has raised $7.0M in a funding round, according to a regulatory filing by the company. READ MORE>>.
Unlike almost all of the startup accelerators in town, the International Business Accelerator is not offering up any startup funding, and in fact says it charges $1,500 per company and $500 for every additional participate, to be part of the program. READ MORE>>.
Relativity Space expands its rocket-printing operations into an enormous new LongBeach HQ. funded, staffed, operated, and launched,” Ellis said. Not only would a Terran I be much less expensive than those, but “we’re fully U.S. That makes it very attractive to more than a few segments of the space community.
The LongBeach-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
The firm operates facilities in LongBeach, Santa Barbara, Palo Alto, and Seattle, and says it is opening facilities in Washington, DC; Salt Lake City, Claremont, and Tempe, Arizona this year.
LongBeach-based SpinLaunch , a space launch services provider which recently relocated from Silicon Valley to LongBeach, reported on Wednesday that it has been awarded a launch prototype contract from the Department of Defense (DOD). READ MORE>>.
million from investors Trucks VC, Kapor Capital, JFF, Energy Impact Partners and The Fund. The funds will be used to build out its platform, hire beyond its 27-person workforce and expand its service area. It was here that she met Ellis, a career coach at LACI who also worked at the LongBeach Job Corp Center.
LongBeach-based Apriso , a developer of software used for managing manufacturing operations, reported today that it has been selected by Boston-Power. Apriso is funded by Brentwood Venture Capital, CMEA Capital, LogiSpring, SAP Ventures and Wall Street Technology Partners LP. Financial details of the win were not disclosed.
The feature is now available in Chicago, Las Vegas, LongBeach, Calif., Earlier this year, Postmates raised an additional $100 million in equity funding at a $1.85 For now, the company’s party feature will only be offered in a handful of the nearly 3,000 U.S. cities in which it currently operates. and Philadelphia.
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 LongBeach. The runner up was UNWIND, which is developing personalized meditation programs, which received $10,000 in seed funding.
LongBeach-based Bikestations , an angel-backed startup developing modules used for storing bicycles at train stations, bus stations, and elsewhere, said today that it has contracted for install of a center, at the Covina Metrolink station. The firm received funding from the TCA in April.
in a seed funding round, the company said on Monday. The funding came from Craft Ventures, the venture funding company run by David Sacks. Los Angeles-based Dray Alliance , a startup focused on on-demand, short haul container delivery, has raised $3.5M Dray Alliance is led by CEO Steve Wen. READ MORE>>.
LongBeach-based Apriso , a privately held firm developing manufacturing software, said today that it saw "strong customer growth" in the quarter from manufacturers in the solar, fuel cell, and battery industries. The firm did not provide any actual financials. Apriso's software is used for managing supply chains.
VIRGIN GALACTIC is coming to LongBeach with a massive 150,000 square foot facility. Located at the LongBeach Airport, this new facility will allow easy transportation of rockets and of customers satellites using WhiteKnightTwo. The company will also be hosting a job fair and open house on March 7.
LongBeach-based Apriso , a developer of planning and control software for the manufacturing industry, reported Thursday that the firm had record revenues in 2009. Apriso is venture backed by Brentwood Venture Capital, CMEA Ventures, LogiSpring Investment Fund SA, SAP Ventures, and Wall Street Technology Partners. READ MORE>>.
LongBeach-based Cargomatic , which develops technology to connect shippers and carriers, said this week that it has raised $35M in a Series B funding round. The funding was led by Warburg Pincus, and also included Canaan, Genesee & Wyoming, Xplorer Capital and Muse Family Enterprises.
LongBeach-based Funraise , which develops nonprofit fundraising software, has raised $9.7M in an investment in its Series A funding, the company said this week. According to Funraise, the funding was led by Toba Capital, and also included angel Blaine Vess, the founder of Student Brands. READ MORE>>.
LongBeach-based 3D, printed rocket developer Relativity Space said on Tuesday that it has raised another round of funding--worth $650M--to go towards production of its first rocket. The Series E funding brings the company's total raised to more than $1.9
With an angle on a long-neglected part of the shipping industry — the short-haul movement of cargo from docks to logistics centers — Dray Alliance is joining a growing startup scene for logistics businesses based in Los Angeles. Trucking logistics company NEXT Trucking takes in a $21 million haul. The company has raised $3.5
LongBeach-based Rocket Lab says it has scored a contract from NASA, to launch a payload to the moon. The NASA funded mission will place a 55 pound satellite into lunar orbit, as part of a mission by NASA to establish a long term presence on the Moon.
LongBeach-based Momentum IoT , a developer of telematics products for tracking trucks, trailers, heavy equipment, and other assets, has raised $3.1M in a funding round, the company said this morning. The funding was led by Howard Edmund Capital, and also included Thompson Aerospace.
Embark , a Silicon Valley, autonomous vehicle startup which is developing self driving, long haul trucks, said today that it has raised $30M in a Series B funding, to specifically build out its operations in the Los Angeles area. The company, based in San Mateo, has now raised $47M in funding. READ MORE>>.
LongBeach-based Digital Performance, which develops technology for online sales efforts in the after market automotive parts sector, is announcing Monday that it has raised $3.2M in a Series A funding round. The round was led by Rincon Venture Partners, and also included Arcturus Capital and Momentum Venture Management.
in funding, according to the latest numbers from the PricewaterhouseCoopers MoneyTree report, based on data from Thomson Reuters. in funding in Q3, down from the much larger, $2.5 billion in funding received in the region in Q2. Q2 fundings in Southern California were much higher, due to a giant $1.27 READ MORE>>.
A new company, Apex Innovation Sciences --with headquarters in LongBeach, California and Marlton, New Jersey--has formed out of a corporate merger of CNS Network and Hassman Research Insitute , along with the Clinical Trial Centers Alliance , three companies in the clinical trial studies industry, the companies said this morning.
It’s hard to remember that in 2012 it was still hard for LA VCs to persuade investors into funds that LA was a viable market for great venture capital funds or convince many VCs that LA was a market worth investing dollars into startups. 43% of all goods arriving into American ports come through LA and LongBeach ports in Los Angeles.
And, because there are many companies in LongBeach and sourcing operations here, it really made sense to open up operations in Southern California. Michael Kleist: We''re seed funded, and have already raised money from twelve investors. Tell us about your backers? Four of them are institutional, including Siemer Ventures in LA.
We're working from Manhattan Beach and LongBeach, and we've found that Southern California is really friendly. It was really a meeting of the minds with the fund. Finally, with the new funding, what's next for you? I also find that Southern California is an amazing place for talent.
FreeConferenceCall.com is a LongBeach company which was founded by David Erickson. A couple of years ago, there were some FCC rule changes to the Universal Service Fund, how has that impacted your business? But, how can the company offer up free conference calling services, and what''s the story behind the service?
All these disparate roles have helped crystallize Ricos focus to bring together LAs tech ecosystem, in order to show the world the areas breadth of tech talent. In addition to helping more traditional companies navigate an economy filled with disruptors, Rico and the LAEDC help startups understand their role in the larger LA ecosystem.
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