Recent and archived news stories on: Aerospace, Agribusiness, Chemicals, Electronics, Energy, Fabrication, Industrial, Plastics, Textiles...

Fathollahi in New Venture; Incipio Changes Continue

MANUFACTURING: Founder says cannabis ‘the new iPhone’Twenty years after Andy Fathollahi founded Incipio Group with a $500 loan from his parents, he’s entering an industry that he believes could be huge: cannabis.

Veritone Plants AI Flag At Microsoft

Costa Mesa-based Veritone Inc. (Nasdaq: VERI) said its aiWARE artificial intelligence system launched on Microsoft Azure Government, which works with federal and other government agencies to secure and store data in the Cloud.

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L Squared Invests $60M in Aerospace Testing

Newport Beach-based L Squared Capital Partners said it has formed Raptor Scientific LLC with a $60 million investment to acquire companies in the fragmented aerospace and defense-focused testing and measurement Industry.

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Cloudvirga Plans to Hire 50

Irvine-based Cloudvirga plans to add 50 employees over the next year following its move to UCI Research Park.

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KushCo Credit: $50M

KushCo Holdings Inc. (OTC: KSHB) secured a $50 million line of credit from Monroe Capital LLC in Chicago.

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Kia, Hyundai Lead OC Automaker August Gains

Orange County’s largest automakers notched mostly gains in August as they pushed through the final days of summer.

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Fintech with Credit Card Alternative Gets $70M Funding

Fintech upstart Happy Money has raised $70 million.

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Incipio Gets New CEO

Irvine-based Incipio Group named Brian Stech chief executive, effective immediately.

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Ingram Micro to Distribute Microsoft Goggles

Irvine-based technology wholesale distributor Ingram Micro Inc. will market, sell and support the Microsoft HoloLens 2 mixed-reality headset globally, starting in North America.

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Rocket Lab Makes Maritime, USAF Launches

Rocket Lab launched satellites for a French maritime surveillance startup and the U.S. Air Force.

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Santa Ana ‘Cannabis Complex’ Breaks Ground

RETAIL: Terra Tech site runs 45,000 SF

Terra Tech Corp. (OTC: TRTC) hopes a soon-to-be-built facility in Santa Ana will make the area a Disneyland of sorts for the cannabis crowd.

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Steve Madden Seeks Apparel Push With BB Dakota

APPAREL: Gloria Brandes remains as unit’s CEO

“It was a matter of ‘if the shoe fits,’” Costa Mesa-based BB Dakota founder and Chief Executive Gloria Brandes said of her decision to move forward with a sale of her multibrand apparel portfolio to Steven Madden Ltd.

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Spireon, Ford Pact For Vehicle Tracking

FleetLocate for Ford Eliminates Retrofit Need

Spireon Inc., an Irvine-based vehicle tracking company, is partnering with Ford to keep tabs on commercial fleets of cars, vans and trucks, with a goal of improving productivity and profitability for customers.

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Landsea Homes Doubles Up in Ontario

334 Homes Planned; 2021 Opening

Newport Beach-based Landsea Homes is the latest local homebuilder looking to boost sales of lower-priced houses in the Inland Empire.

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Karma Takes Wraps Off Concept Car

Unveil Also Came With a New Dealership

Irvine-based Karma Automotive’s SC1 Vision Concept car shows where the luxury hybrid automaker’s head is at when it comes to design and performance moving forward.

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New CMO Hired For Irvine’s Alteryx

Heidersbach Experience Includes PayPal

Data science and analytics company Alteryx Inc. (NYSE: AYX) isn’t using AI and word-of-mouth alone for its marketing.

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