Snagging Pearson’s AR assets and $1 million in cash, GIGXR is ready for its close up

Meet GIGXR, the new owner of all of the assets of Pearson Immersive Learning Group, a subsidiary of the education and media publishing giant, Pearson. Formed specifically to roll up Pearson’s virtual and augmented reality assets, GIGXR is helmed by David King Lassman, the founder of streaming media company Vyclone and the Southern Californian venture…

Domio raises $100M in equity and debt to take on Airbnb and hotels with its curated apartments

Airbnb has well and truly disrupted the world of travel accommodation, changing the conversation not just around how people discover and book places to stay, but what they expect when they get there, and what they expect to pay. Today, one of the startups riding that wave is announcing a significant round of funding to…

Solve, the startup creating an interactive “Law & Order” for social media, raises $20 million

When “Law and Order” ended its twenty-year run in 2010, it had already cemented its place as one of the longest-running television dramas in history. Its success was a testament to the enduring popularity of a good mystery. Mining that same well of a demand for whodunnits, a roughly one-year-old Los Angeles-based startup called Solve…

ProducePay nabs $190 million debt financing to lend to farmers

Los Angeles-based ProducePay has inked a $190 million debt facility from Coventure and TCM Capital, to expand its lending business and marketplace for farmers. ProducePay offers farmers cash advances throughout the growing season to smooth the sometimes lumpy revenues and give farmers a bit more predictability, the company said. It buys produce ahead of delivery…

The Station: Canoo hits the road, Coup shutters and Samsung shifts

Welcome back to The Station, the go-to newsletter for keeping up-to-date on what the heck is going on in the world of transportation. I’m your host, Kirsten Korosec, senior transportation reporter at TechCrunch. Portions of the newsletter are published as an article on the main site after it has been emailed to subscribers (that’s what…

Gloria brings international soccer scouting into the 21st century

Lionel Messi, who’s still arguably the greatest soccer player in the world, signed his first contract with FC Barcelona when he was thirteen years old. Although he grew up in a small town in central Argentina, he had captured the attention of some of the world’s most famous soccer teams when he was only eleven…

Volkswagen’s new all-electric concept wagon could be coming to the U.S. by 2022

Volkswagen revealed Tuesday evening a new concept vehicle called the ID Space Vizzion, and despite the crazy Frank Zappaesque name, this one might actually make it into production in Europe and North America. The ID Space Vizzion is the seventh concept that VW has introduced since 2016 that uses its MEB platform, a flexible modular system —…

Audi’s next all-electric vehicle, the e-tron Sportback, is a “coupé” SUV

Audi revealed Tuesday evening in Los Angeles the e-tron Sportback as the German automaker begins to chip away at its plan to launch more than 30 electric vehicles and plug-in hybrids by 2025. The e-tron Sportback reveal ahead of the LA Auto Show follows the launch earlier this year of Audi’s first all-electric vehicle, the…

Vulog will power Hyundai’s new LA car-sharing service

The technology behind Hyundai’s new car-sharing service in Los Angeles is provided by a company that is largely unknown despite its ubiquity. Vulog announced Tuesday during Automobility LA that Hyundai will use its technology platform for a car-sharing pilot that will launch in Los Angeles at the end of 2019 and will eventually grow to…

Heliogen’s new tech could unlock renewable energy for industrial manufacturing

Last Monday a group of millionaires and billionaires took a trip to an industrial site in Lancaster, Calif. to witness the achievement of what could represent a giant leap forward in the effort to decarbonize some of the world’s most carbon intensive industries. For Bill Gross, the founder of Idealab and brains behind the excursion,…