Monday, May 20, 2019
Preccelerator Class 11 Demo Day - June 25
Preccelerator Class 11 Demo Day.

Clear your calendar - It's going down! The Preccelerator ® Program Class 11 Demo Day kicks off on June 25th @ 6:00 pm, and you're invited to take part in the festivities. What a wild ride it has been! Preccelerator cohort companies are early stage, and we work hand in hand with them throughout their 6-month term to know their market and users, foster their leadership skills, build and test their product, avoid legal pitfalls, ensure the defensibility of their products, acquire users and partnerships and prepare them for the fundraising process. Now it's time to showcase their efforts! Pitches will be followed by a special Startup Superhero Series speaker - who will be sharing the highs and lows and lessons learned on their startup journey!

Register today!

Virgin Hyperloop One Raises $172.2M
Los Angeles-based Virgin Hyperloop One, the developer of futuristic transportation technology, has raised $172.2M in a funding round, part of an ongoing $224.7M funding, according to a regulatory filing by the firm. Details on the funding have not yet been announced by the company. According to the filing, the funding included 80 investors, and it received the first funds in this new round on April 29th. Virgin Hyperloop One, formerly known as Hyperloop One, is developing tube-based transportat (More info...)

posted on Monday, May 20, 2019(Full story)

Kairos, TCA Back Biopharmaceuticals Startup
Kairos Ventures, a Los Angeles-based venture capital investor, as well as Southern California's Tech Coast Angels, have backed a clinical stage biopharmaceuticals company in a Series B funding. According to Actuate Therapeutics, it raised $21.7M in a Series B funding. Actuate, which is based in Texas, is developing treatments for cancer and inflammatory disease. Actuate said the round was led by Kairos Ventures, and also included DEFTA Partners, Tech Coast Angels, and existing investor Bios Part (More info...)

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Clutter Buys Omni's Storage Business
Los Angeles-based on-demand storage service Clutter has acquired the storage business of another, on-demand storage startup, Omni, in an expansion of Clutter's service, which lets users request storage of items via an app. Financial details of the acquisition were not announced. Omni said the deal will help it "double down on our rentals business", where it rents out different items to its customers. Omni had previously rented out items that were stored with the startup. Clutter offers up a serv (More info...)

posted on Monday, May 20, 2019(Full story)

EVgo To Place Fast Chargers At Several California Chevron Stations
Los Angeles-based EVgo, which operates a large, nationwide network of electric vehicle (EV) chargers, announced this morning that it is working with Chevron to place its EV charging stations on select Chevron-owned gas stations. According to EVgo, it will initially deploy its EV chargers at five, California gas stations, with plans to host more than a dozen in total. The first five EV chargers are being installed in Aliso Viejo, Manhattan Beach, Menlo Park, and Venice. Chevron said that it is " (More info...)

posted on Monday, May 20, 2019(Full story)

Tetra Tech Buys WYG For $54.8M
Pasadena-based consulting and engineering firm Tetra Tech has acquired UK-based WYG plc, a consulting and engineering firm in the area of water, environment and infrastructure services. The deal is worth approximately $54.8M. According to Tetra Tech, the deal will help it expand its leadership in international development. WYG has 1,600 employees, primarily in the UK and Europe. According to Tetra Tech, WYG provides services in the areas of planning, water and environment, transport, infrastru (More info...)

posted on Monday, May 20, 2019(Full story)

SpaceX Delays Starlink Launch Until Later This Week
SpaceX has delayed its launch of its first set of Starlink satellites, the first 60 of thousands of low earth orbit (LEO) satellites SpaceX is deploying to offer up Internet access anywhere in the world, until later this week. SpaceX said late Thursday evening that it was "standing down to update satellite software and triple-check everything again." SpaceX had already delayed the launch earlier in the week due to high upper level winds. The SpaceX Falcon 9 which is scheduled to put the first St (More info...)

posted on Monday, May 20, 2019(Full story)

Western Digital, Toshiba In Joint Flash Manufacturing Facility Deal
Western Digital, the disk drive and memory maker which has substantial operations in Irvine, and Toshiba Memory Corporation said last week that the two have formally agreed to a joint investment in a new, flash memory manufacturing facility in Kitakami, Japan. Financial details of the joint investment deal were not announced. The flash memory facility, being build in Kitakami, Iwate Prefecture, Japan, will manufacture 3D flash memory. The two said they expect the facility to be complete in the f (More info...)

posted on Monday, May 20, 2019(Full story)

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