TECHNOLOGY

Recent and archived news stories on: aerospace, alternative energy, automotive, nanotech, robotics, software providers, telecom, tech start-ups, social media companies

Mayer Leaves Disney to Lead TikTok as CEO

Social video platform taps entertainment veteran

Kevin Mayer, a longtime Walt Disney Co. executive, has left the company to become chief executive of TikTok, the rapidly growing short-video platform owned by Chinese startup ByteDance Ltd.

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UpKeep Technologies Hits $49 Million in Funding

Firm will use new funds to improve app for technicians

UpKeep Technologies Inc., the Westwood-based work-order management software developer, said it has raised $36 million in a Series B, bringing the company’s total funding to $48.8 million.

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Motiv Rolls Out Robotic Space Arms

Scalable system is designed to cut costs of on-orbit work

Motiv Space Systems Inc., a Pasadena-based space motion control and robotics company, has developed a modular robotic arm system that can perform on-orbit assembly and satellite servicing tasks.

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Tapcart Gets a Big Boost for Its App

Startup secures $10 million to expand ecommerce tool

Santa Monica-based ecommerce startup Tapcart Inc. has raised $10 million in a Series A round led by San Francisco-based SignalFire.

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Crisis Speeds Growth Among Gaming Companies

Usage and time spent rise sharply across most pay and free games

Gaming companies, already a nimble bunch, are adapting and even thriving in a Covid-19 world.

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Miller Steps Down at Cornerstone

Departure of CEO comes after company closes $1.3 billion purchase of Saba

Cornerstone OnDemand Inc., the Santa Monica-based talent management software developer, said founder and Chief Executive Adam Miller will step down and transition to co-chairman, effective June 15.

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Fair Names Stewart as New CEO

Car leasing startup hires former XOJet executive

Fair Financial Corp., a Santa Monica-based car leasing and financing provider backed by SoftBank Vision Fund, has named Bradley Stewart as the company’s new chief executive.

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Fintech Finli Helps Small Businesses Find Customers

Startup’s packages build client relationships

Finli Inc., a downtown-based fintech startup, is adapting to the Covid-19 crisis by helping its customers adapt.

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Montauk Buys Caltech IP

Geolocation tools will help emergency responders

Montauk Technologies has secured intellectual property rights from Caltech for technologies that can help first responders, miners and underwater workers locate humans and objects when GPS falls short.

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Embodied Plans Robot for Children

Machine learning device Moxie aids development

Embodied Inc., a Pasadena-based artificial intelligence and robotics company, has created an animatronic companion that it describes as “a Pixar character coming to life.”

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Aerojet Secures $1.8 Billion NASA Project

Agency expands contract for SLS rocket engines

Rocket propulsion manufacturer Aerojet Rocketdyne Inc., a subsidiary of El Segundo-based Aerojet Rocketdyne Holdings Inc., was awarded a $1.79 billion follow-on contract by NASA to manufacture engines.

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Rocket Lab Buys Sinclair

Acquisition of satellite firm will improve production

Rocket Lab USA Inc., a Long Beach-based space systems company, has acquired Canadian satellite hardware manufacturer Sinclair Interplanetary.

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SpaceX Wins $135 Million Contract

NASA seeks return to the moon by 2024

Space Exploration Technologies Corp., the Hawthorne-based aerospace company, was awarded a $135 million contract by NASA as part of a nearly $1 billion effort to return astronauts to the moon by 2024.

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Modern Animal Provides Clients Virtual Pet Care

Startup relies on app, remote capabilities

Modern Animal Inc., a company that provides telemedicine services in its veterinary clinic, opened its first location in Beverly Grove in April.

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Snap Planning $750 Million Offering

Reports surge in earnings and users

Snap Inc. announced a $750 million debt offering the day after reporting a jump in first-quarter earnings and daily active users.

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