Weekly Refresh: Xos Trucks Raised $20M, Canoo Is Going Public, and More

Read our weekly refresh for trending LA tech news.

Written by Anna Holmquist
Published on Aug. 24, 2020
Weekly Refresh: Xos Trucks Raised $20M, Canoo Is Going Public, and More
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Science 37 raised $40M. Its platform helps digitize clinical research and clinical trials for the scientific and medical community. Lux Capital, Redmile Group and PPD led the funding round. [Built In LA]

LinQuest landed contract from U.S. Space Force. The $76 million contract means it will provide systems engineering and integration support to satellite communications enterprise at the Space and Missile System Center in El Segundo. LinQuest builds space systems tech for the U.S. defense industry and cyber intelligence community. [Built In LA]

SpaceX raised $1.9B. This puts its valuation at about $46 billion. The company is currently in the midst of its Starlink mission, which aims to offer internet access around the globe through a network of low-orbiting satellites. [Built In LA]

Xos Trucks made $20M. It makes fully electric commercial vehicles. Investors included Proeza Ventures and Build Capital Group. [FinSMEs]

Canoo to list on Nasdaq through Hennessy Capital Acquisition Corp IV merger. Canoo plans to offer electric vehicles available by subscription in a program slated to launch in 2022. The company also has developed electric skateboards. [PRNewswire]

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