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Santa Ana-based Overair Inc. is expanding its international partnerships to enhance its fleet of flying taxis. The company, known for its inaugural vehicle Butterfly, is targeting the emerging Advanced Air Mobility (AAM) market in South Korea, signing a letter of intent with HeliKorea to purchase 20 all-electric Butterfly airborne vehicles...
Newport Beach-based software startup Tenant Inc., specializing in self-storage management solutions, has successfully raised an additional $25 million in its third seed funding round, bringing its total funding to around $37 million. The investment comes from strategic investors within the storage industry, including self-storage facility owners utilizing Tenant's cloud-based software...
Kibsi Inc., an Irvine-based tech startup, has recently unveiled its AI-powered surveillance platform backed by substantial venture capital funding. The software aids businesses in analyzing video feeds and has secured $9.3 million in pre-seed and seed funding from investors including GTMfund, Secure Octane, and more. Kibsi's intuitive platform allows efficient...
Irvine-based Parker Aerospace, one of Orange County's largest aerospace companies, has secured a significant $222 million contract for U.S. Army support work on UH-60 Blackhawk helicopters, which is expected to boost local employment. This substantial five-year contract involves overhauling and upgrading hydraulic pumps and flight control systems for the helicopters...