News

Virgin Orbit Signs Satellite Launch Deal With UK's RAF
July 19, 2019
Long Beach-based Virgin Orbit, the satellite launch startup backed by Richard Branson, said on Friday that it has been selected by the UK's Royal Air Force, to launch satellites for a project called Team ARTEMIS. Financial details of the launch …

Video Interview: Brainleap's Software To Help Treat ADHD and Autism
July 19, 2019
Welcome to socaltech interviews, where we talk to the startup entrepreneurs, investors, and others in Southern California's technology industry. Today, we talk with Jeff Coleman, the CEo and co-founder of BrainLeap technologies , a software comp …

CARLSMED Merges With Precisive Surgical
July 19, 2019
San Diego-based medical technology startup CARLSMED has merged with Seattle-based Precisive Surgical, the two said this week, to combine their efforts to develop a personalized surgical workflow platform for spine deformity intervention. Financial te …

ZEFR Sells Rights Management Assets To Vobile For $90M
July 19, 2019
Los Angeles-based ZEFR has sold its rights management and content-flagging assets–RightsID and ChannelID–to Vobile Group, a provider of video content protection, measurement, and monetization, in a deal worth $90M, the two companies annoucned late …

Fair Offers Payment Credits To Uber Pro Drivers
July 19, 2019
Santa Monica-based Fair, the automotive startup which offers up subscription-based access to vehicles with much more flexibility than a traditional lease, is expanding its partnership with Uber, saying that eligible "Uber Pro" drivers can e …

VARRAM Launches Robot To Play With Your Dog, Cat When You Are Away
July 19, 2019
Too busy at work to spend time with your dog or cat? Does your dog get separation anxiety? Maybe a robot can help–at least, that's the thought of Los Angeles-based VARRAM, which announced this week that it has launched a "pet fitness robot …

HyreCar Raises $10.5M In Public Offering
July 19, 2019
Los Angeles-based HyreCar, a publicly listed, carsharing marketplace operator (Nasdaq: HYRE), says it has priced an offering of 3.5M shares of its common stock, at $3.00 per share. The stock offering will provide the company gross proceeds of $10.5M, …

CoreLogic: Between $500M and $900M In Losses From Hurricane Barry
July 19, 2019
Irvine-based CoreLogic, a provider of property information and data analytics, says that it estimates a total of between $500M and $900M in losses from Hurricane Barry, including both residential and commercial flood and wind losses. CoreLogic said i …

Kumquat Biosciences Finds $47.0M
July 18, 2019
San Diego-based Kumquat Biosciences, a new, stealth-mode biotechnology startup, has raised $47.0M in what appears to be the company's first funding round, with a target of $55M for the equity funding, according to a regulatory filing from the fi …

ViaSat Wins $49.3M In IP Lawsuit
July 18, 2019
Carlsbad-based ViaSat, which develops satellite communications and other wireless networking technology, has been awarded $49.3M in a lawsuit against Acacia Communications. ViaSat said the award came from a jury in the Superior Court for San Diego Co …