Did the pandemic compel you to adopt a pet? U.S. pet ownership rose nearly 50% over the last year as Americans, hemmed in by the pandemic, embraced their furry friends. Now, Culver City-based startup Modern Animal is looking to grow its business by appealing to both overtaxed vets and the new rush of pet owners with its hybrid telemedicine subscription service.
🚛 Tesla says it is delaying its Semi EV until 2022 due to an ongoing global processor shortage and battery production setbacks.
📚 The University of Southern California has named engineering veteran Ishwar Puri as its new VP of research.
🧬 Thousand Oaks-based Amgen has appointed S. Omar Ishrak to its board of directors.
🛥 L.A.-based startup Arc Boats wants to bring electric boats to the market this year.
⚗️ Scientists have found a way to transform purified water into metal, if just for a few seconds.
🖥 Amazon's second-generation Fire TV Cube can now make Zoom video calls.
Modern Animal Raises $75.5 Million
On Friday, Culver City-based startup Modern Animal announced that it had raised a $75.5 million investment to tackle the pet health and care market. The company believes its model, which relies on 24/7, app-based care, access to beautifully outfitted clinics for users and a streamlined system for veterinarians, can help upend the way the industry traditionally does business.
Disney, Walmart Now Require Worker Vaccinations
Rising COVID fears have finally reached entertainment giant Disney and retail behemoth Walmart. On Friday, the two companies said they'll begin to require employees to be vaccinated against the virus.
The Sports Cards NFT Market Has Arrived
El Segundo-based Dibbs, which brands itself as "the only real-time fractional sports card marketplace," this week secured a $13 million Series A round led by Foundry Group, with several superstar athletes such as Chris Paul and Skylar Diggins-Smith also backing it.
Streaming Data Giant Meta Moves to LA
Ever wondered who organizes the massive content libraries at the biggest streaming services? Meta Data Software is one such company. And to work closer to its principal clients like MGM, Fox, WarnerMedia and Epix, the SaaS company is calling Los Angeles its new home.