The AI Killer Robots Are Here, According to Lazy Journalists

Lon Harris
Lon Harris is a contributor to dot.LA. His work has also appeared on ScreenJunkies, RottenTomatoes and Inside Streaming.
The AI Killer Robots Are Here, According to Lazy Journalists
Evan Xie

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Earlier this week, Vice’s Motherboard blog related a story about an Air Force simulation involving an AI-enabled drone. In a scenario that felt not just indebted to but literally pulled from the pages of classic sci-fi horror storytelling, USAF Chief of AI Test and Operations Col. Tucker “Cinco” Hamilton claimed that the AI drone determined that it would more easily accomplish its mission goals without having to coordinate with a human operator. As a result, the drone circumvented its programming and attempted to kill the human operator. According to a presentation and blog post written by Col. Hamilton for the UK’s Royal Aeronautical Society, even after being told that it would lose points for killing its operator, the AI proposed destroying the entire communication tower linking it with its human counterpart.


It’s clear why this story proved tantalizing from an AI journalism perspective. It has a bit of everything: the threat of violence, an insider’s look at how AI technology is being applied in real-world scenarios, and of course a “doomsday” narrative that feels more than a little indebted to James Cameron’s beloved “Terminator” franchise and its villainous SkyNet militarized AI system. There’s just one problem with the Col. Hamilton’s story… it’s not actually true.

Updates from both Insider and Vice initially suggested the simulation was not actually conducted by the Air Force, and later confirmed no simulation had actually taken place at all. In fact, Col. Hamilton was just describing a “thought experiment” that originated outside of the US military about potential outcomes of AI drone warfare. In a new statement, Col. Hamilton says “We've never run that experiment, nor would we need to in order to realize that this is a plausible outcome.” Which kind of sounds a lot like “I made it all up.”

AI doomerism is a new beat for journalists

If you thought that perhaps such a grievous error would give publications a moment’s pause about the breathless tone and pace of their AI coverage… you would be mistaken. A Thursday piece from USA Today leads with President Joe Biden’s comments about AI to graduates of the Air Force Academy in Colorado Springs: “It's not going to be easy decisions, guys. I met in the Oval Office with eight leading scientists in the area of AI. Some are very worried that AI can actually overtake human thinking and planning.”

It’s true that Biden met on May 5 with CEOs from leading AI companies like Google and Microsoft to discuss their technology. But just repeating an 80-year-old layperson’s vague takeaways from a meeting he had one month ago with the most passionately outspoken advocates of said technology might not be the best and most accurate way to encapsulate its challenges and dangers. Even if he is the President. Nonetheless, the headline boldly states PRESIDENT BIDEN WARNS ARTIFICIAL INTELLIGENCE COULD “OVERTAKE HUMAN THINKING”

Even tech stories that aren’t actually about AI are getting swept up in the hype, as publications attempt to goose traffic by pushing the valuable, highly-searched AI-related keywords on to every new webpage that they can.

A Fox News story on Friday describes new artificial skin research from Stanford University, which can now recognize when it’s been damaged or injured and enable a self-healing protocol. But while self-healing synthetic skin is a worthwhile scientific breakthrough all on its own with obvious beneficial applications in the field of medicine, the Fox report leads with a dire warning that “robots could soon be cloaked in human-like synthetic skin…”

Wait for it…

“Similar to the cyborg assassin of the ‘Terminator’ movie franchise.”

Never mind that the original T-800 design from the first film doesn’t even have self-healing skin. Remember? When Arnold’s face gets damaged, it stays that way for the rest of the film, and you can see his metal skull protruding from underneath.

It’s not difficult to understand why this is happening

AI proves something of a perfect storm for lazy journalism and “fake news.” There’s been a remarkable wave of venture capital and investment dollars flooding into the sector, so a lot of technologists and their backers are now heavily incentivized to promote AI and get people excited about its applications. AI apps and their outputs have repeatedly gone viral on social media and now millions of clicks and views each day, making them extraordinarily popular targets for websites and apps that rely on search traffic or trending posts on social media.

For writers, there’s just a lot more activity in the AI space today than, say, crypto or the metaverse or even traditionally reliable clickbait-y topics like streaming TV and gaming. As long as everyday readers and consumers of internet content remain fascinated by AI, and curious about what it can do, it’s unlikely we’ll see an end to the daily crush of breathlessly excited coverage.

This isn’t even a new phenomenon

A Guardian editorial from 2018 already complained about the unreliability of the media’s AI reporting, which Carnegie Mellon computer scientist Zachary Lipton referred to as “sensationalized crap.” Broad interest in topics like machine learning, according to Lipton, had led to a “misinformation epidemic” that was creating unrealistic expectations for the technology and potentially threatening its future progress. A 2019 piece from Scientific American referred to many of the press’ claims about AI’s potential as “greatly overblown.”

Then as now, the tech media has a baseline responsibility to get the details right, even when it’s eagerly collaborating in entrepreneurs’ and investors’ efforts to drive interest in a new innovation or field. As the Vice story in particular makes clear, the mad rush for fresh AI stories and content means that, at least sometimes, due diligence isn’t getting done as thoroughly as it should, and sources and claims aren’t always being properly vetted.

Everyone loves a story about killer robots

A new piece this week in The Atlantic looks specifically at the AI Apocalypse claims, which remain entirely in the realm of science fiction, despite how frequently they’re now repeated in mainstream news publications. As University of Washington computational linguist Emily Bender explains, doomsday AI scenarios all rest on the same unspoken assumption: this technology is already extremely powerful, and it’s virtually guaranteed to become even more powerful, so “you’d be a fool not to invest.” Technology strategist Rachel Coldicutt makes a similar point in a Medium post this week. If we assume that AI apps are “unworldly, goldlike, and unknowable,” this implies that “the people who created them must be more than gods.”

Rather than a runaway train speeding unavoidably toward the end of human civilization, AI Now Institute co-founder Meredith Whittaker points out that AI technology is – so far– evolving “incrementally.” It may take over more and more jobs that were formerly filled by humans, and improve at all sorts of everyday tasks over time, but there’s no reason to suspect it will suddenly break free of its bonds and decide to independently kill all humans, or that we’d at some point lose our ability to pull the plug on our AI systems and invent something else instead.

Rather than apocalyptic scenarios, Whittaker and other like-minded writers and commentators fear the more immediate dangers of AI applications that are already here: misinformation, bias, the creation of nonconsensual pornography, labor violations, copyright infringement, and so forth. These real, everyday disadvantages to pushing AI apps into every facet of our lives really could use more attention and coverage from journalists, but they lack the clickiness of stories about armed killer robots.

Even honest reporting about AI embellishes their actual threat

In late May, a fake photo that appeared to depict an explosion near the Pentagon in Washington DC circulated online that was almost certainly created in Midjourney or a similar generative AI app. But though the hoax photo was widely shared on social media, and covered by just about every major media outlet… it doesn’t appear to have fooled all that many actual human people.

A Twitter search reveals that most tweets about it were discussing the fact that it’s fake. The Washington Post notes that the image ‘appears to have done little immediate damage,” and that Twitter suspended the account – which was posting as a Bloomberg-affiliated feed – within about 20 minutes. (The building featured in the image isn’t even The Pentagon.)

A new piece from Harvard Business Review suggests that the roots of the problem might be very deep indeed, stemming from the basic way we define and discuss “artificial intelligence.” HBR argues that in most of our practical everyday modern scenarios, we don’t even need true AI, just advanced forms of machine learning. AI, writer Eric Seigel argues, is functionally too vague at this point to even be useful, and overpromises about what most of this technology is and it actually works. As other writers have previously pointed out, widespread and careless use of the term “AI” has also created confusion about Artificial General Intelligence (AGI), the still far-off notion of truly conscious, sentient machines. He suggests the straight-forward solution that we stop using AI to refer to non-AGI developments, and go back to “machine learning.”

But of course, this has the negative consequence of being a lot less sexy, and therefore clickable as a link on a search engine result or social media, and therefore less appealing to journalists, their editors, and the subjects about whom they’re writing. As long as reality remains at least somewhat at odds with public perceptions and interest about the technology, it’s sadly likely this misleading or distracting coverage will continue.

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Two LA Startups Raised $2.37B to Build What AI Needs

🔦 Spotlight

Happy Friday, LA.

The largest checks in tech are increasingly going toward companies trying to build their way out of America’s biggest physical constraints.

This week, two Los Angeles startups raised a combined $2.37 billion in equity to tackle two particularly urgent ones: how the country manufactures critical hardware and where it will find enough electricity to power the AI era.

Torrance-based Hadrian is building highly automated factories for defense and aerospace. El Segundo’s Valar Atomics wants to manufacture nuclear reactors at scale. Different industries, same underlying bet: the next generation of technology will depend on our ability to produce physical infrastructure much faster than we do today.

Hadrian raised $1.37 billion in Series D funding, bringing its valuation to $7.87 billion. The company plans to use the capital to open new factories, expand research and development, and increase its capacity to produce critical defense, aerospace and industrial systems.

Hadrian’s pitch is straightforward, if wildly ambitious: America needs to relearn how to build things and build them quickly.

Its factories combine skilled workers with AI, robotics and proprietary software to manufacture precision components and, increasingly, complete mission-critical systems. Its customers include defense giants such as Lockheed Martin and RTX, along with newer players like Anduril.

The company has come a long way from simply making aerospace parts. Hadrian is positioning itself as a piece of America’s industrial infrastructure, offering manufacturers a way to rapidly scale domestic production at a time when wars abroad, strained supply chains and growing defense demands have made the country’s manufacturing gaps increasingly difficult to ignore.

Investors are clearly buying the argument. The new round comes just over a year after Hadrian raised $260 million, suggesting that “reindustrialization” has officially graduated from venture capital buzzword to billion-dollar investment thesis.

Meanwhile, roughly 15 miles away in El Segundo, Valar Atomics is moving even faster than its enormous ambitions suggested.

When we last wrote about Valar, the company was reportedly raising $450 million at a $2 billion valuation and racing to prove that nuclear energy could move on AI’s timetable. Now, it has closed a $1 billion Series B led by Sequoia Capital, secured an additional $200 million credit facility and reportedly reached a $6 billion valuation.

Valar is developing standardized, factory-built nuclear power plants designed to avoid the enormous costs and decades-long construction timelines associated with traditional nuclear projects. Its goal is not merely to build a working reactor, but to eventually manufacture fleets of them.

That ambition also sounds considerably less theoretical than it did when we first covered the company. In June, Valar’s Ward 250 reactor achieved a self-sustaining nuclear reaction. Just one week later, the company demonstrated the reactor generating electricity to power an Nvidia Blackwell system. Valar now says the new funding will help it move from proving its technology works to producing reactors at scale.

The timing is no coincidence. AI’s enormous appetite for electricity is forcing the tech industry to confront a basic reality: the cloud still has to plug into something. Training models and operating massive data centers will require far more reliable power, and nuclear energy is rapidly becoming one of Silicon Valley’s favorite answers.

Hadrian and Valar may be solving different problems, but their unusually large rounds point to the same shift. AI can design, predict and automate, but it cannot manufacture a missile component or generate a megawatt of electricity on its own. That requires factories, energy systems, supply chains and a great deal of capital.

For years, venture-backed companies competed to build the software layer. Now, some of the biggest bets are being placed on the infrastructure underneath it.

The future may run on AI. But first, someone has to build what keeps it running.

More from this week’s LA startup and venture scene below.

🤝 Venture Deals

    LA Companies

    • Endeavor Optical Networks emerged from stealth with $10.75M in seed funding from General Catalyst and Andreessen Horowitz to develop a satellite network that uses lasers to move data between continents. The startup plans to use the capital to build an optics lab, hire engineers and conduct ground testing ahead of a demonstration satellite launch targeted for late 2027. - learn more
    • Actualyze AI emerged from stealth with a $7M seed round backed by Storm Ventures, Canaan Partners, Morado Ventures and AME Cloud Ventures. Its platform gives enterprises a central control layer for managing AI usage across teams and applications, helping them enforce security policies, track spending, route requests between models and maintain audit trails. - learn more
    • Blaze.tech raised $8.5M in pre-seed funding led by Friale, a healthcare-focused venture firm founded by the family behind HCA Healthcare. The company helps digital health startups, providers and payers turn AI-generated prototypes into HIPAA-compliant software for uses including e-prescribing, EHR integrations, telehealth and auditing. - learn more

    LA Venture Funds
    • Canon Capital participated in Oligo Security’s $60M funding round alongside Ballistic Ventures, Greenfield Partners, Lightspeed Venture Partners, Red Dot Capital Partners, TLV Partners and other investors, bringing the cybersecurity company’s total funding to $140M. Oligo will use the capital to accelerate product development and expand its global go-to-market operations as it helps organizations detect and block software exploits in real time. - learn more
    • Matter Venture Partners participated in Volta’s seed and Series A financing alongside Azora, Andreessen Horowitz, Altimeter, NVIDIA and Michael Dell’s family office, valuing the AI infrastructure startup at $2.4B. Emerging from stealth, Volta plans to use the backing to develop and operate large-scale AI data centers, supported by a $5B infrastructure financing program with Azora and a $10B European compute partnership. - learn more
    • Cedars-Sinai participated in Cirrus Therapeutics’ expanded seed financing through its Intellectual Property Company, bringing the ocular immunology biotech’s total funding to $14.7M. Cirrus will use the backing to advance its gene and cell therapy pipeline, including a lead treatment for geographic atrophy, while a new collaboration with Singapore Eye Research Institute and Duke-NUS will support research, clinical development and expansion across Asia-Pacific. - learn more
    • Strong Ventures made a follow-on investment in Ready Robust Machine’s ₩13.4B Series B, which was led by Quantum Ventures Korea and brought the heavy-equipment technology company’s total funding to ₩22.9B. The company develops energy-recovery systems for hydraulic machinery and will use the capital to build out mass production, expand its data services and enter the Japanese market. - learn more

    LA Exits

    • Artium has been acquired by global consulting firm AlixPartners, bringing its expertise in building enterprise-grade AI agents for clients including BNY Mellon, Mayo Clinic and eBay to a broader global platform. The company will continue operating as a distinct team under the name Artium by AlixPartners, retaining its founders, employees, methodology and research relationships. - learn more

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      How Replify Found Its Niche and an Acquirer

      🔦 Spotlight

      Hello LA,

      This week’s startup story began three years ago with an AI assistant built for almost any small business. It ended, or perhaps graduated, with an acquisition by one of the fitness industry’s largest technology providers.

      ABC Fitness has acquired Replify, an AI platform that manages customer communication for gyms and wellness businesses across phone, text, email and chat. Its virtual agents can answer questions, qualify leads, schedule tours and classes, follow up on missed calls and run outbound campaigns. Financial terms were not disclosed.

      Before Replify found its footing in fitness, it was HeyLibby, a general-purpose AI assistant founded in 2023 by former Zillow colleagues Spencer Rascoff, Tony Small and Anna Rodriguez. The company was incubated inside Rascoff’s 75 & Sunny Labs and initially set out to help small businesses turn incoming messages into qualified leads.

      That broad vision gave HeyLibby a large potential customer base, from real estate agents and contractors to hairstylists and event planners. But as the team searched for product-market fit, one industry’s problem stood out. Gym and wellness employees were often too busy helping customers in person to answer every call, text or email, leaving prospective members waiting and potential revenue on the table.

      That insight reshaped the company. HeyLibby narrowed its focus to fitness and wellness, raised a $4.5M seed round in 2025 and later rebranded as Replify. It went on to work with brands including Gold’s Gym and UFC Gym, proving that its AI agents could do more than answer routine questions. According to the company, customers have captured up to 10 times more leads and shortened sales cycles from roughly 30 days to as little as three to five days.

      ABC Fitness became a natural next step. The company provides software to more than 30,000 fitness businesses serving over 40 million members worldwide. By adding Replify to its platform, ABC can offer gyms an always-available AI front desk while bringing Replify’s technology to a much larger global customer base.

      Replify’s journey offers a useful lesson amid the rush to build AI products for everyone. The company began with a broad promise, identified a customer with a specific and expensive problem, and built deeply around that need. Gym owners did not need another flashy chatbot. They needed someone to answer the phone when the front desk could not.

      Sometimes the smartest AI strategy is simply picking up the call.

      More from this week’s LA startup and venture scene below.

      🤝 Venture Deals

        LA Companies

        • Dimension raised a $1.65M seed round backed by Science Inc., UpscaleX, OpenSky, Long Run Capital, 1864 Fund and others. The profitable social-commerce company will use the funding to launch Seller OS more broadly, an agentic AI platform that automates TikTok Shop operations for brands and agencies. - learn more
        • Procode raised a $10M Series A led by Health Velocity Capital, bringing its total funding to $14M. The AI-powered medical billing company will use the capital to acquire two additional billing businesses and expand its platform beyond plastic surgery and dermatology into all surgical specialties and ambulatory surgery centers. - learn more
        • Antares raised $470M in Series C financing, including $370M in equity and $100M in debt, in a round co-led by Paradigm and Caffeinated Capital. The nuclear energy company will use the capital to commercialize its autonomous microreactors, with an electricity-producing model planned for 2027 and initial deployments at U.S. military installations beginning in 2028. - learn more

        LA Venture Funds
        • Wilshire Lane Capital participated in Ellis’ more than $10M seed round, which was led by First Round Capital and included Kearny Jackson, 645 Ventures, Harlem Capital, Khosla Ventures and others. Founded by Cadre founder Ryan Williams, Ellis has emerged from stealth with an AI-native operations platform that helps private credit managers reconcile fragmented data and automate workflows such as portfolio monitoring, investor reporting and compliance; the funding will support team growth and further product development. - learn more
        • Rebel Fund participated in Dili’s $15M Series A, led by Khosla Ventures, bringing the AI compliance company’s total funding to $21.7M. Dili helps energy, construction, infrastructure and manufacturing companies identify compliance issues by reviewing project data in real time, and will use the funding to expand its team and broaden its platform into additional audit and waste-detection workflows. - learn more
        • B Capital led ChipAgents’ $60M Series A2, which brought the semiconductor AI startup’s expanded Series A financing to $134M. ChipAgents will use the funding to scale customer deployments, expand its engineering and go-to-market teams and further develop its AI platform, which automates complex chip design and verification workflows. - learn more
        • StoryHouse Ventures participated as a returning investor in Henry AI’s $16.5M Series A, led by FirstMark Capital with backing from Thomson Reuters Ventures, Y Combinator and others. The commercial real estate AI company will use the funding to expand its engineering and product teams and scale Henry Deal, a platform that automates underwriting, offering materials and other back-office work throughout a transaction. - learn more
        • Walkabout Ventures and Bungalow Capital co-led Discern’s $10M Series A, bringing the company’s total funding to $17.5M. Discern provides a software-based registered agent service that automates state filings and compliance tasks, and will use the capital to scale its platform following fourfold annual recurring revenue growth in 2025. - learn more
        • Starshot Capital participated in Quercus Biosolutions’ oversubscribed $5M seed round, which was led by Serra Ventures and included several climate, agriculture and grower-backed investors. The agtech startup will use the funding to expand its pipeline of AI-designed proteins for fighting herbicide-resistant weeds, begin regulatory work and explore applications targeting fungi, insects and other crop pests. - learn more
        • B Capital co-led Flourish Health’s $26M Series A alongside F-Prime and Cherryrock Capital, bringing the youth mental health provider’s total funding to $46M. Flourish will use the capital to expand its psychiatrist-led, in-home care model nationwide, hire and train clinicians and further develop its AI-enabled platform for coordinating care. - learn more
        • Powerhouse Capital participated in European Technology Network’s $1.6M seed round alongside Axel Springer, a LADbible co-founder and angel investors from OpenAI and DeepMind. The London-based tech media startup will use the funding to open a larger studio, expand its team, launch a newsletter and increase its livestreamed programming from two shows per week to five. - learn more

        LA Exits

        • Saltair, the Los Angeles body-care brand founded by model and entrepreneur Iskra Lawrence, is selling a majority stake to private equity firm TSG Consumer. Financial terms were not disclosed, but the deal will support Saltair’s expansion across e-commerce, retail and new products, while Lawrence transitions into the role of chief community advocate. - learn more
        • Digital marketing agency GR0 plans to acquire Ultimate AI’s enterprise deployment division and use the team’s technology to launch a new company called GR0 AI. The platform will deploy AI agents across brands’ customer data, commerce and marketing systems to personalize outreach, recover abandoned sales and generate measurable revenue; financial terms were not disclosed. - learn more

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          From Uber to Atoms: Travis Kalanick’s $1.7 Billion Return

          🔦 Spotlight

          Hello LA,

          Nine years after his turbulent exit from Uber, Travis Kalanick is back with a new company, an enormous war chest and, apparently, some unfinished business.

          Los Angeles-based Atoms announced this week that it has secured a $1.7 billion equity investment led by Andreessen Horowitz, with a16z cofounder Ben Horowitz joining its board. Bain Capital, Fifth Wall, Uber and several other investors participated, while a roster of major banks, including Goldman Sachs, JPMorgan and Bank of America, are listed as debt partners.

          Yes, Uber itself is now backing the comeback of its famously ousted cofounder. Silicon Valley may preach disruption, but it has always appreciated a good redemption arc.

          Atoms is the culmination of the company Kalanick has spent the past eight years building largely out of public view. Formerly known as City Storage Systems, the parent company behind CloudKitchens, it is now bringing its businesses together under one ambitious umbrella: Atoms Food, Atoms Mining and Atoms Transport.

          The premise is that AI’s next major frontier will not be confined to screens, chatbots or software. Atoms wants to build what Kalanick calls a “computer for the physical world,” using software, sensors, robotics and AI to automate how physical goods are produced, stored and moved.

          That means tackling decidedly unglamorous but enormous industries such as mining, construction, food production and heavy transportation. Rather than betting on humanoid robots that can theoretically do everything, Atoms is focused on specialized machines designed to perform specific, economically useful jobs.

          In other words, the robot does not need a face. It needs a business model.

          For a16z, the investment is as much a bet on Kalanick as it is on industrial AI. In an essay bluntly titled “Travis Is Back,” Horowitz argues that Kalanick possesses the rare mix of technical range, endurance and sheer force of will required to drag old-line industries into a new technological era. The firm’s broader thesis is that robotics will eventually handle much of the repetitive work involved in making, moving and storing physical goods, creating a market potentially as consequential as computing itself.

          There is also some history being settled. Kalanick, Horowitz and Marc Andreessen nearly partnered during Uber’s early days but never completed the deal. In a new conversation about Atoms, Kalanick and Horowitz revisit that missed opportunity and the long road that brought them back together. Sixteen years later, the check is considerably larger.

          The scale of the investment is remarkable, but so is its location. Atoms is headquartered in Los Angeles, giving the city a front-row seat to one of tech’s boldest industrial AI bets. It also reinforces something increasingly evident across LA’s startup ecosystem: the next era of AI will not only be written in code. It will be built in kitchens, warehouses, mines, vehicles and factories.

          Whether Atoms becomes the operating system for the physical world or simply proves that even $1.7 billion cannot make atoms behave like bits remains to be seen. But Kalanick is taking another enormous swing, and this time, Los Angeles is where the comeback story begins.

          More from this week’s LA startup and venture scene below.

          🤝 Venture Deals

            LA Companies

            • Hawthorne-based Andrenam raised an $18M Series A led by Upfront Ventures, with participation from Valor Equity Partners, Also Capital, First Round Capital and Long Journey Ventures, bringing its total funding to $30M. The maritime defense startup will use the capital to scale production of its sonar-equipped buoys and expand its AI-powered platform for detecting and tracking underwater activity. - learn more
            • Long Beach-based Bluecore Energy emerged from stealth with approximately $10M in oversubscribed financing led by Slauson & Co., with participation from Harlem Capital, Precursor Ventures, Hartbeat Ventures and others. The company is developing small modular nuclear reactors that can operate aboard floating barges and deliver zero-emission power to ports, data centers and other critical infrastructure. - learn more
            • Vikk AI raised $4.2M across a $700K pre-seed and $3.5M seed round, with backing from MagnaSci Ventures and several angel investors. The legal AI startup will use the funding to expand its consumer assistant, document tools and advertising platform that connects users with lawyers based on their needs and location. - learn more
            • Final Boss Sour raised $4M in strategic funding from Evolution VC Partners, The Angel Group, Mondelēz International’s SnackFutures Ventures and others, bringing its total funding to $12M. The gaming-inspired real-fruit snack brand will use the capital to expand into major retailers, including Walmart, Kroger, Target and 7-Eleven, while developing new products and collaborations. - learn more

            LA Venture Funds
            • Overture Ventures participated in Fluxco’s $26M seed round, led by 8VC and Congruent Ventures, alongside Trust Ventures, Koch Disruptive Technologies and others. The Austin startup uses AI to help companies source electrical transformers from more than 150 manufacturers, reducing a procurement process that can take months to just days. - learn more
            • Alexandria Venture Investments and Wedbush Healthcare Partners participated as returning investors in Crystalys Therapeutics’ oversubscribed $130M Series B, which was led by Frazier Life Sciences. The San Diego biotech will use the funding to advance Phase 3 trials and commercialization preparations for dotinurad, its once-daily oral treatment for gout. - learn more
            • Rebel Fund participated in Klaimee’s $5.5M seed round, led by FundersClub’s Alexander Mittal and backed by ex/ante, Pioneer Fund, Y Combinator and others. The San Francisco insurtech startup certifies and insures autonomous AI agents, helping businesses manage financial and liability risks that traditional cyber and technology policies may not cover. - learn more
            • M13 participated in Skyfall AI’s undisclosed funding round alongside Fidelity, Inovia Capital, Touring Capital, NextView Ventures and Garage Capital. Founded by former Microsoft researchers, the San Francisco startup is developing AI systems capable of making long-term decisions across finance, operations, marketing and other business functions, with the goal of building an autonomous enterprise. - learn more
            • Interlagos Capital led Beyond Reach Labs’ $10M seed round, with participation from TerraForge Capital, Off-Piste Capital, Y Combinator and Augur VC. The startup will use the funding to scale production of its deployable solar-array hardware for satellites at a new 16,000-square-foot facility in Brooklyn, with plans to achieve flight qualification by the end of 2026. - learn more

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