TECHNOLOGY

Edison Moves Forward With $1.2B Battery Storage Contract

Last month, Southern California Edison, the electric utility subsidiary of Rosemead-based Edison International, announced two major moves to reduce reliance on greenhouse gases (GHG).

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Long Beach Airport Begins Work on $25M Taxiway Improvement Project

Construction began earlier this month on a $25 million project to reconstruct a major taxiway at Long Beach Airport, according to an announcement from city of Long Beach, which runs the airport.

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UCLA Spinout Concrete-AI Closes $2M Seed Round for Concrete Efficiency Platform

Westwood-based Concrete-AI Inc., a UCLA spinout with technology to enable more efficient use of concrete, announced January 13th that it has raised $2 million in a seed financing round led by Boston-based Grantham Foundation for the Protection of the Environment.

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SPAC Deal Sets Up TeleSign for Major Growth

Most casual internet users probably haven’t heard of TeleSign Corp., but if they browse the web using their phones, there’s a good chance they interact with the company’s technology on a regular basis.

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LiveOne Announces New Gaming Division

Beverly Hills-based LiveOne Inc., the owner of streaming services like Slacker Radio, LiveXLive and PodcastOne, is launching a new gaming business.

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Clean Tech Startup Mote Unveils Plans for $100M Carbon Capture Plant

There’s a new local entrant in the global decarbonization race: Culver City-based cleantech startup Mote Inc.

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Curling Center Reflects Vernon’s Push to Grow Beyond Industrial Reputation

Peter Dohm’s list of top places to build an ice curling facility in 2019 did not include Vernon.

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Solar Energy Company Heliogen Set for New Year’s Eve Debut on NYSE

As the clock was running out on 2021, L.A. County was poised to get another publicly traded company: Pasadena-based solar technology firm Heliogen Inc.

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Dave Inc. to Make Nasdaq Debut in January

Dave Inc., a West Hollywood-based fintech and banking app company aimed at “leveling the financial playing field,” will go public on the Nasdaq under the tickers DAVE and DAVEW in early 2022.

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Fintech Launches Crypto Bank Account for Hispanics

A West Hollywood-based fintech announced the launch of a banking program Dec. 20 aimed at building Hispanic wealth through stakes in the crypto sector.

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RBB Bancorp Buys Gateway Bank for $23 Million

Westlake-based RBB Bancorp announced its entry into the San Francisco Bay Area Dec. 28 with the purchase of Gateway Bank F.S.B. in Oakland, a deal valued at approximately $22.9 million.

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SpaceX Acts to Launch Mars-Bound Rockets From Florida

Space Exploration Technologies Corp. commenced construction in Florida on a launchpad to send its Starship Mars rocket to the red planet.

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SEA Electric JV to Replace School Bus Engines With Electric Power Systems

SEA Electric Holdings in Torrance announced it’s working with an Illinois-based bus and van dealer on modernizing approximately 10,000 used school buses by replacing their diesel engines with its proprietary battery electric power system.

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Influencer Software Firm Tagger Media Raises $15 Million From Five Elms Capital

Tagger Media Inc. received an additional $15 million in funding from Five Elms Capital following a $8.5 million Series A investment by the firm earlier this year.

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GB Group Acquires Acuant for $736 Million

Acuant Inc., a Westchester-based identity verification firm, was acquired by U.K.-based GB Group for a cash-free, debt-free enterprise value of $736 million.

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