Tuesday, January 24, 2017Stubbs Alderton Precellerator Aims At Strategic Investments With Peter CsathyStubbs, Alderton & Markiles LLP, the business, technology and digital media law firm which runs a startup incubator and accelerator called the Precellerator, announced on Tuesday that it has started an effort to make strategic investments in a larger group of digital media and technology companies. As part of the effort, the firm said it has added longtime media veteran Peter Csathy to its board, and to lead its investment strategy. Csathy is the Chairman of CREATV Media, which provides digital (More info...)
posted on Tuesday, January 24, 2017(Full story)
LA VR Startup Rodin Heads To Techstars BoulderLos Angeles-based Rodin, a virtual reality software tools developer founded by Taron Lizagub, Albert Poghosyan and Aram Avetisyan, has been selected as part of the Techstars Boulder startup accelerator, according to Techstars Boulder today. Rodin says is it building an engine that enables developers to create VR apps using just Javascript and deploy those apps to all major VR platforms in a single click. Rodin joins thirteen other companies at the startup accelerator at Techstars original Boulde (More info...)
posted on Tuesday, January 24, 2017(Full story)
Accriva Diagnostics Acquired By WerfenSan Diego-based Accriva Diagnostics, the Sorrento Valley developer of in-vitro blood testing equipment, has been acquired by Spanish company Werfen, via its subsidiary, Instrumentation Laboratory (IL). Financial details of the acquisition were not announced. The deal was announced last week. Accrive Diagnostics was owned by private equity investor Warburg Pincus. Accrive Diagnostics develops medical equipment, used for platelet function analysis, clotting time testing, and other testing used dur (More info...)
posted on Tuesday, January 24, 2017(Full story)
Faraday Future Sued By Visual Effects Firm Over Unpaid BillsLos Angeles-based electric vehicle developer Faraday Future is being sued for $1.8 million, by visual effects company The Mill Group, over unpaid bills, according to a lawsuit filed in the Superior Court of the State of California, County of Los Angeles-Central District. The lawsuit claims that Faraday Future contacted The Mill Group about developing a graphic presentation, with virtual reality, augmented reality, and holographic components for its January 2017 launch of farday's FF91, but faile (More info...)
posted on Tuesday, January 24, 2017(Full story)
Hyperloop Transportation Technologies Opening Facility In FranceLos Angeles-based Hyperloop Transportation Technologies, one of the two companies in Los Angeles working on advancing Elon Musk's Hyperloop concept for rapid transportation between cities through essentially giant pneumatic tubes, says it is opening up a 3,000-square meter facility in Toulouse, France. The new facility will be at the Francazal Airport, a former military based in Toulouse. In the video announcing the new facility, French officials said that Toulouse is the European capital of aer (More info...)
posted on Tuesday, January 24, 2017(Full story)
SCE Plans New Electric Vehicle PushSouthern California Edison said on Monday that it is expanding its efforts to expand electric vehicle transportation in its service area, and has filed a plan to promote electric vehicles with the California Public Utilities Commission (CPUC). According to SCE, the filing includes more than $570M in programs and infrastructure to help grow transportation electrification, including expansion of SCE's Charge Ready program, which installedd electrical infrastructure for charging stations, and rebat (More info...)
posted on Tuesday, January 24, 2017(Full story)
Willdan Gets $35M Line Of CreditAnaheim-based Willdan Group, a publicly traded provider of professional technical and consulting services, reported late Monday that it has received a $35.0M, three year revolving line of credit. The credit agreement was with BMO Harris Bank, N.A. and includes a provision to expand the credit line up to a total of $60.0M on request. Rates on the line of credit were not announced. Willdan provides services in the area of energy efficiency and sustainability, engineering and planning, financial an (More info...)
posted on Tuesday, January 24, 2017(Full story)