TOP NEWS

Faraday Future Cancels Plans For Manufacturing Plant In California

Los Angeles-based Faraday Future, the much-hyped developer of next generation, electric vehicles, has decided to shut down efforts to build a manufacturing plant in Vallejo, California, according to the company. The company said it will now focus on its first production vehicle and plant in North Las Vegas....Continue →


EDF Renewable Services Ups Contracted Capacity to 10 Gigawatts

San Diego-based renewable energy services firm EDF Renewable Services, the operations and maintenance arm of EDF Renewable Energy, says it now has 10 gigawatts of capacity under contract. The company said its North American business has over 500 people in 27 U.S. states, four Canadian provinces, Mexico, and Chile servicing renewable energy installations. The company said it doubled its megawatts under contract in the past five years....Continue →


cloudvirga Raises $15M More For Mortgage Automation Tools

Irvine-based Cloudvirga, a developer of automated mortgage lending software, announced this morning that it has raised $15M more in a Series B funding. The funding was led by Incenter, a Blackstone Group portfolio company. The company said the funding goes to scale its technology and product offerings. The company has now raised $22.5M in total. Cloudvirga was founded by Bill Dallas, Kyle Kamrooz and Mark Attaway....Continue →


The Virtual Reality Company Debuts New VR Series For Families

Los Angeles The Virtual Reality Company said this morning that it has released a new, animated virtual reality (VR) series, called Raising a Rukus. The company said it is the first to debut a series of the kind specifically for families. The Virtual Reality Company (VRC) previously had released the virtual reality series, The Martian VR for Twentieth Century Fox. The company said Raising a Rukus revolves are "magical adventures" with a brother and sister led by their mischievous pet dog, Rukus....Continue →


Alteryx Sees Solid IPO Debut

Irvine-based data analytics software developer Alteryx had its IPO debut on Friday, debuting at $14.00 per share on the NYSE as AYX, and closing out the day at $15.50 per share. The company rose 10.71 percent in its IPO debut on the public markets. The public offering raised $126M for the company. Alteryx was venture backed by Insight Venture Partners, Sapphire Ventures, Thomson Reuters, Toba Capital, and ICONIQ Capital.Continue →


Sienna Biopharmaceuticals Names CFO

Westlake Village-based Sienna Biopharmaceuticals said Friday that it has named Richard Peterson as the company's new Chief Financial Officer. Peterson was most recent at Novan, where he also served as Chief Financial Officer, and also has served as CFO and Treasurer at Medicis Pharmaceutical Corporation, in addition to serving as an auditor at PricewaterhouseCoopers. Sienna says that Peterson will take over from John Smither, who is retiring, but will remain as an advisor....Continue →


HyperX Debuts New DDR4 Gaming Memory

Fountain Valley-based HyperX, the divisio of Kingston Technology Company which focuses on the high performance gaming market, announced a new DDR4 memory product today called the HyperX FURY. The new DDR4 memory is designed specifically for the gaming market, with support for "overclocked" gaming PCs up to 2666MHz, available in three different colors (black, red, and white), and support for the Intel 200 series processors and X99 chipsets plus AMD's Ryzen processors....Continue →


Cool Planet Reboots, In Colorado, With $19.3M Series A Funding

Cool Planet, the former Camarillo, California startup working on carbon conversion technology, has resurfaced in Colorado with a $19.3M Series A funding. According to Cool Planet, the new funding was led by Agustín Coppel and North Bridge Venture Partners, and will go towards commercalization of its biochar product, Cool Fauna Engineered Biocarbon....Continue →


Alteryx Prices IPO, To Debut On NYSE Today

Irvine-based Alteryx priced its IPO on Thursday evening, saing that it will sell 9,000,000 shares of its Class A common stock at $14.00 per share. Alteryx will begin trading this morning as AYX on the New York Stock Exchange. The company, which develops data analytics software, priced at the high end of its estimated initial IPO range, which had been between $12.00 and $14.00 per share....Continue →


SpaceX Aims At Re-Launching Rocket With Next Mission

Hawthorne-based SpaceX is getting set to launch its first, ever, reusable rocket stage next week, in what could be a historic moment for spaceflight. SpaceX reportedly will use the same Falcon 9 first stage booster it used for the earlier CRS-8 mission, for the launch of the SES-10 satellite. The launch is expected to occur as soon as March 29th....Continue →


Shift Launches Online Car Buying, Selling Service In San Diego

Shift, an online car buying and selling startup based in San Francisco, said on Thursday that it has launched buyer operations in San Diego, allowing people to buy and sell cars in the market. The startup is backed by more than $73M in funding from DFJ, Highland Capital, and Goldman Sachs Investment Partners. Shift's service manages the entire buying and selling process, and includes on-demand test drives, on-site appraisals, and pickup of automobiles, and even handles DMV paperwork....Continue →


Western Digital Backs Avere Systems

Irvine-based storage device maker Western Digital has backed Avere Systems, a developer of a file system for the hybrid cloud. Avere said this week that it has raised $14M in a Series E funding round, which came from Menlo Ventures, Norwest Venture Partners, Lightspeed Venture Partners, Tenaya Capital and Western Digital Capital, along with Google. Western Digital Capital, the venture capital arm of Western Digital, was an existing investor in Avere....Continue →



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