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OpenDrives Raises $20 Million to Grow Data Storage Business

Culver City-based company OpenDrives Inc. has raised $20 million in a Series B funding round led by IAG Capital Partners.

By Elijah Chiland

SpaceX launched another 60 Starlink satellites Jan. 20.

SpaceX Launches New Batch of Starlink Satellites

Space Exploration Technologies Corp. deployed another 60 satellites into space on Jan. 20 in support of the company’s ambitious Starlink global broadband project.

By Elijah Chiland

Disney Slashes Executive Bonuses

Disney’s theme parks suffered majorly amid the pandemic, losing nearly $7 billion and planning to lay off around 32,000 employees.

By Nat Rubio-Licht

Paramount+ Sets March Launch Date

ViacomCBS' rebranded streaming platform will roll out in the U.S. and Latin America on March 4.

By Nat Rubio-Licht

Beyond Meat Signs Large Lease in El Segundo

El Segundo-based meat substitute company Beyond Meat, Inc. has signed a 12-year lease for roughly 280,000 square feet in El Segundo.

By Hannah Madans

Netflix at 5808 Sunset Blvd., Los Angeles. (Photo by Ringo Chiu).

Netflix Tops 200 Million Subscribers

Netflix Inc. reached a new subscription milestone in the fourth quarter as the streaming company topped 200 million paid viewers.

By Nat Rubio-Licht

Versus Systems Closes $11 Million IPO

Virgin Orbit Conducts First Successful Launch

Virtual CES Is Light on Reveals

Arts District Site Sells for $91 Million

March Capital Raises $450 Million Enterprise Software Fund

Reader Poll

READER POLL: Will your company require employees to receive the Covid-19 vaccine once it’s available to the general public?

In This Week's Issue

Port of LA Rebounds in 2020 After Difficult Stretch

After numerous missed sailings back in March, Gene Seroka said he “never would have imagined” that the Port of L.A. would move 9.2 million TEUs of cargo in 2020.

Green Credits, Incentives Likely to Boost LA Companies

Tax credits and incentives are central pillars of the green energy industry.

Local EV Companies Expect Jumpstart From Biden Administration

With the inauguration of President-elect Joe Biden days away, local companies are preparing for an array of proposed policy changes.

Good City Mentors Gets Backing From Big Businesses

Among the striking photos that documented last year’s protests against police brutality was an Associated Press image of an LAPD patrol car set aflame in Fairfax.

Demand for Medical Office Remains Strong

The future of office space is a big question as companies grapple with whether to make working from home a permanent reality, but experts agree that medical office space will remain in demand.

All stories in this week's issue >

Latest Local News

OpenDrives Raises $20 Million to Grow Data Storage Business

Culver City-based company OpenDrives Inc. has raised $20 million in a Series B funding round led by IAG Capital Partners.

By Elijah Chiland

SpaceX Launches New Batch of Starlink Satellites

Space Exploration Technologies Corp. deployed another 60 satellites into space on Jan. 20 in support of the company’s ambitious Starlink global broadband project.

By Elijah Chiland

Los Angeles Business Journal Digital Edition

Read This Week's Issue

Disney Slashes Executive Bonuses

Disney’s theme parks suffered majorly amid the pandemic, losing nearly $7 billion and planning to lay off around 32,000 employees.

By Nat Rubio-Licht

Events

January 20, 2021

Economic Forecast & Trends

The Los Angeles Business Journal will host a FREE virtual discussion on economic trends and forecasts. Our panel of regional experts will share their insights on the biggest headlines and where the market is going in 2021. Conversation topics will include trade & tariffs, taxation, impact of new legislation, real estate outlook, and much more.

All Events >