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LeaseLock Raises $52 Million in Bid to Eliminate Security Deposits

L.A. Business Journal

Insurance technology startup LeaseLock Inc. has ambitious plans to make security deposits irrelevant, and the Marina del Rey-based business now has significantly more funding to make that happen.

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Tribogenics Gets $6.2M

socalTECH

Marina Del Rey-based Tribogenics , the developer of X-ray technology being aimed at enabling handheld, ultra-miniature portable x-rays, has raised $6.2M in a Series A funding round, the firm said today. The round was led by the Founders Fund. READ MORE>>.

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Tribogenics Adds Peter Diamandis To Advisory Board

socalTECH

Marina Del Rey-based Tribogenics , the UCLA spinout which is developing small, low power X-ray sources aimed at enabling X-rays from portable equipment, has added Dr. Peter Diamandis to its advisory board. The addition of Diamandis is a notable addition for the firm, which is backed by the Founders Fund and Flywheel Ventures.

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Carbonics Raises $5.5M For RF Materials

socalTECH

Marina Del Rey-based Carbonics , a developer of carbon nanomaterials aimed at improving the power consumption and performance of wireless semiconductors, has raised $5.5M in a funding round. The funding came from TAQNIA international. Carbonics says its technology is based on research conducted at UCLA and USC.

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Amazon Alexa Fund Backs USC Viterbi Startup Garage

socalTECH

The USC Viterbi Startup Garage , the startup accelerator that is part of the University of Southern California, has scored backing from the Amazon Alexa Fund , the venture investment arm of Amazon that invests in startups using Amazon Alexa. Financial details of the investment by the Amazon Alexa Fund were not announced.

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CREXi Collects $11M For Commercial Real Estate Technology

socalTECH

Marina Del Rey-based CREXi , which is developing a technology platform aimed at the commercial real estate industry, has raised $11M in a Series A funding, the company said on Monday. The new funding goes towards sales and marketing, to growing its team, plus building its products. READ MORE>>.

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XPRIZE Foundation Eyes Wildfire Detection, Suppression

socalTECH

Marina Del Rey-based XPRIZE Foundation , the group which runs competitions to spur innovation in technology to help solve major societal problems or very hard technical problems, says it is going to launch a new prize to spur ideas for wildfire detection and suppression. READ MORE>>.