Wednesday, May 17, 2023Virgin Orbit Gets $17M Bankruptcy BidMojave-based space launch firm Virgin Orbit has received a $17M bid from fellow space launch company Stratolaunch, as part of the firm's bankruptcy proceedings. According to reports, the bid includes Virgin Orbit's modified 747, as well as other aircraft assets. Stratolaunch is now owned by private equity investor Cerberus Capital Management.
posted on Wednesday, May 17, 2023(Full story)
Reveleer Acquires MDPortalsGlendale-based artificial intelligence (AI) healthcare software developer Reveleer announced that it has acquired MDPortals, a developer of "risk adjustment" software. Financial terms of the acquisition were not announced. According to Reveleer, the acquisition will augment its risk adjustment solution. Reveleer is led by CEO Jay Ackerman.
posted on Wednesday, May 17, 2023(Full story)
Skyryse Names Chief Legal OfficerLos Angeles-based automated flight software developer Skyryse, which is backed by more than $260 in funding from such investors as Fidelity Management & Research Company, Monashee Investment Management, ArrowMark Partners, Venrock, Eclipse Ventures, Cantos, Stanford University, and Bill Ford, Executive Chair, Ford Motor Company, has named a legal head. The company said this morning that it has named Blake Bilstad as its Chief Legal Officer. Bilstad was most recently Chief Legal Officer at Beachb (More info...)
posted on Wednesday, May 17, 2023(Full story)
SmartBug Media Acquires Chair 10 MarketingIrvine-based SmartBug Media said today that it has acquired Chair 10 Marketing, a Seattle-based performance marketing agency. Financial details of the acquisition were not announced. SmartBug said the acquisition comes as it sees a sharp increase in demand for paid media services, from both its B2B and B2C clients. SmartBug Media is led by CEO Jen Spencer.
posted on Wednesday, May 17, 2023(Full story)