Lucid Motors announced a merger agreement Monday night with special-purpose acquisition company (SPAC) Churchill Capital IV Corp. (CCIV) propelling the EV company toward an IPO. After the announcement, CCIV stocks plummeted for two days in a row, closing down 18.5% at $28.70 a share on Wednesday. As part of the deal, Lucid will receive approximately … Read more
Phoenix, AZ-based ed-tech company, CampusLogic (founded by Gregg Scorsby), received a $120 million minority investment from Dragoneer Investment Group. The company will use the funding to invest in new product development and make strategic acquisitions that will increase the scope of its student financial success platform. The company currently serves more than 750 schools with … Read more
Coming in at 5 ¼-inches long, 4 ½-inches tall, and 1 1/8-inches wide, this new version of TASER’s citizen self-defense weapon can pack the same punch as the one used by law enforcement. As part of TASER’s home and business defense line, the company released the TASER Pulse today at the SHOT Show in Las Vegas, … Read more
Helping college professors and institutions keep track of student performance and identifying those individuals at risk is at the heart of the ed tech product Lighthouse by Blue Canary, a predictive analytic and student retention and performance monitoring platform. “Lighthouse helps surface up the student and look at the progress and performance of students in … Read more
In a spread out, transient city like Phoenix, connecting with others in the community can be difficult. The founders behind Monarq are looking to help this gap by creating a platform where women can meet and develop friendships. “We found a deep need for connection,” Monarq co-founder Irene Ryabaya said. “There’s not an easy way … Read more
Trapp Technology has made their second acquisition this month. The Scottsdale-based solutions provider acquired Centramax, LLC, one of the largest Mac management service providers in the Valley. The company has a national client base spanning healthcare, business markets, and advertising. “To acquire a reputable company that established itself in Mac-centric markets was a development that … Read more
Scottsdale-based Trapp Technology, a provider of IT, Internet, voice, and cloud hosting solutions, has acquired ITonCommand, a Colorado-based IT solutions and consulting company. This will allow Trapp Technology to expand its services in Colorado. “We recognized the intellectual property of ITonCommand could bring value to our current users. The acquisition also adds new services and … Read more
There’s Craigslist, eBay and Amazon, and now there’s an e-commerce app that’s tailored specifically to the college student population. Peer-to-peer and geo-location marketplace Twazer has created a space where users are required to have an .edu login email in order to download the app and sell their stuff. [youtube]https://youtu.be/IqkhrRqktAg[/youtube] “Twazer is a mobile app … Read more
Guest Blog by Hamid Shojaee, founder Axosoft, Pure Chat & AZTB The Bay Area is overrun with horses—unicorns to be exact. And while I wish I was referring to the horned, majestic creatures of lore, I’m actually talking about privately-held startups that have $1 billion or higher valuations. Venture investor Aileen Lee coined the term … Read more
Apptix, a business communication and security solution for mid-market and enterprise customers, cashed a $22.5 million check from GoDaddy for the purchase of their direct public and multi-tenant cloud customer base. Chris Damvakaris, VP of Sales and Business Development, said that Apptix is moving away from email services and was looking for a longer term solution … Read more