TECHNOLOGY

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

Knowable Universe Raises $3.75 Million Seed

Online learning startup Knowable Universe raised a $3.8 million seed round featuring participation from Upfront Ventures.

AECOM Sells Unit for $2.4 Billion

ENGINEERING: Company had originally planned to spin off management services

AECOM plans to sell its management services business to private equity firms for $2.4 billion.

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M13 Raises $175M for Second Fund

Branson backing helps VC firm surpass its goal

Virgin Group Richard Branson invests in M13’s $175 million fund.

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Verishop Hits $30M Mark

Former Snap exec Khan ramps up ecommerce effort

Verishop, founded by former Snap exec Imran Khan, finalizes a $12.5 million pre-Series B raise.

Pepperdine Names Most Fundable Companies

Pepperdine’s Graziadio Business School announced the winners of its second annual Most Fundable Companies competition.

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Upfront Ventures Leads $56 Million Invoca Funding Round

Invoca Inc., a call center analytics firm, raised $56 million in a funding round led by Upfront Ventures.

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Wheels Labs Raises $50 Million

Wheels Labs Inc., a West Hollywood-based electric bike company, raised a $50 million round led by DBL Partners.

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Faraday Future Founder Files for Bankruptcy

Jia Yueting, founder of Gardena-based electric vehicle company Faraday & Future, filed for bankruptcy Oct. 14 to address mounting personal debts.

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Triumph Aerospace to Close L.A. Facilities, Lay Off 250

Triumph Aerospace will close two factories in Hawthorne and Torrance and lay off 250 employees beginning in December.

ServerFarm Acquires UK Data Center Operator

El Segundo-based data center management company ServerFarm purchased 5NINES Global Holdings Oct. 10.

Upfront Ventures Leads $6 Million Series A for Nexkey

Smart lock technology company Nexkey raised a $6 million Series A led by Santa Monica-based Upfront Ventures.

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Thin Line Capital Raises First Fund, Backed by Wavemaker

Pasadena-based Thin Line Capital raised a $5 million seed-stage fund to support clean technology and eco-friendly startups.

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Canoo Sued for Gender Discrimination

Electric vehicle startup Canoo and Chief Executive Stefan Krause were sued for wrongful termination by former communications lead Christina Krause.

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MedMen Terminates PharmaCann Purchase, CFO

Cannabis retailer MedMen Enterprises Inc. terminated an agreement to acquire pot cultivator PharmaCann.

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M13 Leads $3 Million Seed Round for Doorstead

Santa Monica-based M13 led a $3.3 million seed round for property rental startup Doorstead.

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