LeaseLock lands $10 million; Disney inks deal with Twitter; Hyperloop for cargo in the works.
Marina Del Rey-based LeaseLock, an insurance startup that eliminates the security deposit for renters in exchange for a minimum $19 monthly payment, announced a $10 million Series A funding round, the Business Journal reports. The company said the funding came from Wildcat Venture Partners, Liberty Mutual Strategic Ventures, American Family Ventures and Moderne Ventures.
Disney and Twitter announced a new advertising and content deal, Deadline reports. As part of the deal, Disney will create live content from across its entertainment portfolio that’s designed to reach all audiences on the social media platform. That includes Twitter content from ABC, Disney Channel, Walt Disney Studios, ESPN and Marvel.
International port operator DP World and Los Angeles-based Virgin Hyperloop One are collaborating to launch an ultra-fast hyperloop for cargo, in what they hope will revolutionize both the speed and cost of commerce, CNBC reports. DP World Cargospeed will aim to deliver goods at speeds of up to 620 miles per hour and link to existing roads, rail and air infrastructure. A timeline for completion was not specified.
Technology reporter Eli Horowitz can be reached at firstname.lastname@example.org. Follow him on Twitter @coachhorowitz13 for the latest in L.A. tech news
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