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First Resonance Finds Funding For Manufacturing OS

socalTECH

Los Angeles-based First Resonance, a startup developing what it calls a "factory operating system" designed for hardware companies for use in their manufacturing operations, says it has raised a new round of funding. First Resonance said the funding was led by Blue Bear Capital.

Funding 113
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Rocket Lab Finds $140M For Satellite Launch Platform

socalTECH

Huntington Beach-based Rocket Lab said on Thursday that it has raised a big new funding round, worth $140M, in its Series E funding round. The funding brings its total raised to more than $288M. The firm says it is now worth more than $1 billion after the latest funding.

Platform 113
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Max Q: How to build a Starship

TechCrunch LA

Busy week for SpaceX – across funding, space tourism, and next-gen spacecraft. SpaceX plans to build Starships at a furious clip. SpaceX is serious about iteration – its strategy of building (and failing – and learning from its failures) fast is in full effect for its Starship development program.

SpaceX 153
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9 Innovative Startups To Watch For in 2024

Tech.Co

As investors continue pouring funding into artificial intelligence and consumer habits shift, many AI and subscription model startups have been enjoying rapid growth. Source: runwayml.com In June, Runway raised $141 million in funding, nudging its market valuation to an envy-inducing $1.5 Organic milk formula product Bobbie.

Startup 210
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The Changing Venture Landscape

Both Sides of the Table

They might be ideas they hatch internally (via a Foundry) or a founder who just left SpaceX and raises money to search for an idea. And as a result of this there are now very robust secondary markets where founders and seed-funds alike are selling down their ownership long before an ultimate exit. of the fund.

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What Is xAI? Elon Musk Reveals New Startup To Rival OpenAI

Tech.Co

Initially pinned as a generative AI startup for Twitter when it first hit the headlines back in April, the xAI website seems to suggest that the new startup will remain separate from the social media platform, as well as Musk's collection of other technology companies.

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Reflections on 2018: Clinton Foy, CrossCut Ventures

socalTECH

When I first joined Crosscut Ventures five years ago, the firm had $20 million under management and was just starting to invest out of its second fund. We now have $250 million under management, are investing out of our fourth fund and have made more than 80 investments. Liquidity and transfer of wealth.