TECHNOLOGY

Cylance Raises $120M

Cylance Inc., one of the highest valued private companies in Orange County, has raised $120 million in a venture round led by prior investor Blackstone Tactical Opportunities.

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Broadcom Cuts 1,100 Jobs

San Jose-based Broadcom Inc., which maintains a sizeable operation in Irvine, has issued another round of deep job cuts following an acquisition.

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ShiftPixy Places $9M Debt

ShiftPixy Inc. raised $9 million in gross proceeds from a June 4 private placement of 8% senior secured convertible notes with institutional investors.

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Irvine Scientific Now Fujifilm Subsidiary

Fujifilm Corp. President Kenji Sukeno said the company completed its earlier-announced acquisition of two cell culture media businesses, Irvine Scientific Sales Company Inc. in Santa Ana and Is Japan Co. Ltd. in Tokyo, from Japanese oil and metal conglomerate JXTG Holdings.

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Auction.com Names CTO

Irvine-based online distressed real estate auction company Auction.com promoted Amit Aggarwal to chief technology officer on Monday.

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AutoGravity Hires General Counsel

AutoGravity, an Irvine-based auto-lending fintech, hired Jennifer Ishiguro as executive vice president and general counsel.

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Evolus Names CFO

Evolus Inc. (Nasdaq: EOLS) appointed Lauren Silvernail as chief financial officer and executive vice president of corporate development.

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Franchiser Names Chief Tech Exec

Home Franchise Concepts promoted Faisal Khan to chief information officer, a new position;. He’d been vice president of technology at the Irvine-based franchiser of homecare services.

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DPW Buys Israeli Firm

Newport Beach-based DPW Holdings Inc. (NYSE American: DPW) said subsidiary Coolisys Technologies Inc. bought Enertec Systems 2001 Ltd. of Israel for $4.8 million.

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JetSuite First on Board New Jet

JetSuite Inc. plans to get the first “hybrid-to-electric” aircraft from Zunum Aero when it’s ready for takeoff in 2022.

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New Can in 7-Eleven Test

A “self-chilling” beverage can created by an Irvine-based firm is on shelves in 15 Los Angeles 7-Eleven stores.

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Cloudvirga Raises $50M

Irvine startup Cloudvirga today announced it closed a $50 million Series C funding round led by private-equity firm Riverwood Capital in Menlo Park.

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$83M Investment in Clean Energy

Shares of Clean Energy Fuels Corp. surged after the Newport Beach company said it received an investment and launched a new leasing program for natural gas heavy duty trucks.

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Alteryx Beats Q1

Analytics software maker Alteryx reported first quarter revenue and operating income that beat Wall Street expectations.

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Acorns Wins BlackRock Backing

Irvine-based Acorns Grow Inc. won a major endorsement from BlackRock Inc. (NYSE: BLK), the world’s largest asset manager, with $6.3 trillion.

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