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

StoryFile Raises $4 Million

West Hollywood-based StoryFile has raised $4 million to scale its storytelling app.

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NuOrder to Be Acquired in $425 Million Deal

NuOrder Inc. is expected to be acquired by Lightspeed in an estimated $425 million deal.

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Fisker Plans Climate Neutral Vehicle by 2027

Electric vehicle maker Fisker Inc. plans to manufacture a climate-neutral vehicle by 2027.

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Boring Co.’s Las Vegas Tunnel Opens to Public

Elon Musk’s Boring Co. is about to get its first real-world test as its 4-mile, $52.5 million tunnel loop opens to the public this week underneath the huge Las Vegas Convention Center campus.

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Boingo Wireless Acquisition Is Completed

Digital Colony Management has completed its acquisition of wireless internet provider Boingo Wireless Inc.

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Red 6 Raises $30 Million for AR Military Training

Aerospace company Red 6 raises $30 million in a Series A round to fund its augmented reality military training technology.

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LA500 Q&A: Activision’s Bobby Kotick on Pandemic Moves and the Power of Franchises

Amid a global pandemic, Activision Blizzard shifted to a remote work model to facilitate the release of new games and the operation of two esports leagues.

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Whatnot Raises $50 Million

Marina Del Rey-based Whatnot Inc. raised $50 million in Series B funding to grow its staff and expand its marketplace of collectible fan memorabilia.

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Early Learning Platform CodeSpark to Be Acquired

Pasadena-based CodeSpark Inc., a digital education platform focused on STEM learning for young children, has agreed to be acquired by New York-based early education business Begin.

Topia Raises $5 Million for Virtual Reality Meetups

Topia Interactive Inc., which develops virtual meeting places where members can join “worlds” created by artists and designers, raised $5 million.

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Cybersecurity Firm Britive Raises $10 Million

Britive Inc., a Glendale-based cloud cybersecurity company, has raised $10 million in Series A funding to continue to develop its security software.

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Micromobility Companies Are Ready to Roll Again

Going into 2020, the micromobility industry was already experiencing some growing pains. A year later, local micromobility companies are optimistic.

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Sunbit Raises $130 Million in Series D

Westwood-based financial technology platform Sunbit Inc. raised $130 million in Series D funding, bumping its valuation to $1.1 billion.

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LA Startups Take Advantage of Booming Pet Care Industry

Owners are increasingly giving their dogs and cats the luxury treatment, which is leading to strong growth for the pet care industry in Los Angeles.

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Snap Has Paid Spotlight Creators $130 Million

Social media giant Snap Inc. said it has paid out $130 million to content creators as part of its Snapchat Spotlight program.

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