Column: COVID Showed Me Why LA Needs a More Diverse Tech Workforce. These Students Showed Us How to Change It.

Jessica Medrano
Jessica Medrano’s background is in immigration law and think tank research. In her most recent position as a Senior Program Manager at the Latino Donor Collaborative, she contributed to a new U.S. Latino narrative by conducting demographic and consumer research that helped F500 companies increase their bottom line & empowered non-profits with compelling talking points. She is currently an Anaplan for All Fellow at Correlation One and a volunteer with LA Tech 4 Good.
Column: COVID Showed Me Why LA Needs a More Diverse Tech Workforce. These Students Showed Us How to Change It.

This week is national Digital Inclusion Week, but to be honest, I —like a lot of people— didn't understand the significance of this issue until COVID-19 hit. To me, the pandemic felt like a narrowly escaped disaster that I was only spared from because of my computer.


Luckily, by the onset of the pandemic, I was making enough money to retire my mom from her job as a janitor, a job which suddenly had a new risk attached to it. I was also among the fewer than 17% of all Latinos who could work remotely and protect my household in ways that were simply out of reach for most members of my community.

I felt an unshakeable sense of survivor's guilt to see the choices Latinos had to make — either physically go into work and risk it all or stay home and run out of money, fast. This ultimatum may seem dramatic but it's important to note that Latinos are significantly less likely to benefit from the social safety net (unemployment, health insurance, economic relief programs) afforded to other communities because of either the individual's or a family member's immigration status.

Roadblocks to Upward Mobility

At the time, I was working as a senior program manager at the Latino Donor Collaborative, where I had the opportunity to mentor many remarkable Latino college students. Most of our interns were attending top-tier universities on full-ride scholarships and were "seemingly normal" college students before the pandemic hit. Yet, COVID-19 reminded my first-generation college students that they were not the same as their middle- and upper-class peers.

For some, this meant moving back into crowded homes and struggling to find quiet places to study. For most, it meant that their parents would almost inevitably contract COVID-19 due to exposure via low-income essential jobs as janitors, construction workers and food distribution workers and then spread the illness to their families. On top of familial health concerns, many of my students were stepping up to make sure that their younger siblings didn't fall behind in school because their parents didn't have the technical literacy to provide support. So, it's no surprise that a national 2020 Public Viewpoint survey found that half of all Latino students canceled or changed their higher education plans, compared to 26% of their white counterparts.

If I had been born a few years later, as my interns, I wouldn't have been able to protect my family from coronavirus. It was hard to watch COVID-19 spread so predictably, based on the parents' occupations, and it reminded me of the impotence I felt as a teen, watching my stepdad be deported and losing our house during the 2008 financial crisis.

If I had been born 20 years later, I would have been one of the kids who didn't have the means or guidance to participate in virtual learning. Would I still have "made it" if I faced the exponential obstacles of COVID-era students? Probably not; it was already a by-the-skin-of-my-teeth journey as the first person in my family to attend school. How many kids won't "make it" because of the COVID-induced hurdles they are facing today?

LA Faltered

Despite being home to the fifth-largest tech market in North America, Los Angeles could not move fast enough to address the digital divide when the pandemic hit. It disproportionately affected (and continues to affect) our Latino and Black students, who are almost three out of four K-12 students in Los Angeles County. An LAUSD study found that only 50% of Hispanic and Black middle school students participated in at least seven weeks of online learning during school facilities closures — at least 30 percentage points behind their white and Asian counterparts.

The fact that distance learning was unattainable for students in 2020, in the third-richest city in the world, is inexcusable. The irony is that there is probably a significant overlap between L.A. essential workers, who risked or gave their lives to keep our basic needs met, and those whose children fell through the cracks during the remote learning overhaul.

My Pivot to Data

One reason for this unacceptable situation is that the resource allocators who had the power to address the distance-learning gap were not from our most-affected communities. That's why we also need to address another part of the digital inclusion equation: tech training for a more representative tech workforce.

After witnessing the amplified disparity in my community and recognizing the life-or-death importance of financial security, I was motivated to pivot into data and technology. In August 2021, I graduated with honors from the Data Science for All Fellowship by Correlation One. The company's mission is to provide free data analytics training to 10,000 people in the next three years and provide new pathways to economic opportunity through access to in-demand technical careers.

As part of this life-changing opportunity, we completed capstone projects using our newly gained coding and analytics skills. Over 100 teams delivered creative and impactful projects, but only the four top teams presented at graduation. To put the caliber of talent into perspective, only 1,000 of over 26,000 applicants were accepted into the program. Of those 1,000 fellows, only the work of about 24 students was presented in Grand Finale which was judged by top technology leaders.


What's Possible: The Internet Expansion Program

I was awestruck by a group of all Latino and Black students who applied sophisticated data science techniques to produce a cost-effective and actionable solution to L.A.'s internet gap. Team 104's project L.A. County: Internet Expansion Program identified which L.A. communities are struggling the most with internet connectivity and proposed that the local government leverage existing digitally-enabled infrastructure at bus stops (since commonly used indoor spaces like libraries and cafes were off-limits during quarantine) to provide internet access points to the people who would benefit most.

Team 104's solution targeted the East Central, Silver Lake, Echo Park and West Lakes regions because those neighborhoods have the highest rates of internet disparity by income bracket. They proposed that Wi-Fi be installed at 10 strategically selected bus stops (shown below) to increase internet accessibility by 26% in low-income, non-high school graduate households in L.A. County.

Team 104's elegantly simple solution ended up taking home second place in the DS4A Grand Finale and a $2,000 award that they donated to EveryoneOn, a nonprofit that works to democratize internet access.

Marlene Plasencia, of Team 104, poignantly reflects:

"If you look at the headlines regarding Wi-Fi and education, people are looking to the schools to solve the problem of lack of internet access for children. I think we've proven that when we have access to knowledge and tools like data science, we can take these issues into our own hands and present solutions to important social issues affecting our communities."

Mind you, they upskilled and developed this proposal in only 13 weeks. This is just an example of the innovation we're missing out on with anemic levels of diversity in the tech sector. In fact, CBRE's Scoring Tech Talent Report found that the L.A. tech workforce is currently the second-least diverse in the nation, although the city is one of the most diverse places in the country. To learn more about Team 104 and their project, click here.

Diverse Tech Training is a Competitive Advantage, Not Just a Social Responsibility

DEI arguments aside, a homogenous workforce produces less innovation. In a market that is driven by novelty and product-market fit, our tech industry's demographic makeup suggests that teams will struggle to pioneer new technology and, more importantly, even understand the needs of the increasingly diverse mainstream consumer. The gap between those building the digital landscape and engaging with it represents an opportunity loss for L.A. tech companies to understand their end-users more intimately and create better products and experiences.

Many industry-leading companies, who recognize the competitive advantage that a diverse tech workforce represents, partner with Correlation One to create fellowships so that Black, Latinx, LGBTQ+, female, and veteran talent can participate in world-class data and analytics training. These companies benefit by getting first dibs at recruiting directly from the rigorous and business-case-focused program.

Take steps today to ensure the long-term prosperity of L.A.'s tech community by connecting to organizations like Correlation One to learn how you can maximize the human capital potential of our local talent and workforce pipeline.

If you're interested in joining the Data Science for All mission to recruit "Data Science for All" fellows or to become a mentor, you can get in touch with the Correlation One team here.

This column was published in conjunction with L.A. Tech 4 Good.

This story has been updated.

Locket, Disney, Instagram and the Battle for Your Attention

🔦 Spotlight

Happy Friday, Los Angeles!

This week, LA’s biggest tech and media players made one thing clear: they want to own the relationship. Whether it’s a celebrity sending selfies straight to your home screen or a content giant rewriting the rules of sports broadcasting, the power shift toward more curated, direct experiences is unmistakable, and it’s being engineered right here.

Image Source : Locket

📸 Locket Doubles Down on Star Power

Venice-based Locket, the viral photo sharing app that made homescreen widgets cool, is now leaning into what LA does best: celebrity. Its new feature, Celebrity Lockets, allows artists to send exclusive photos directly to fans’ home screens. Early adopters include Suki Waterhouse and JVKE, with creators curating limited fan access to maintain intimacy and exclusivity. As Locket evolves from a casual social tool into a direct fan engagement platform, it’s becoming an increasingly relevant player in LA’s creator tech ecosystem.

🏈 Disney’s ESPN Plays Offense

Disney made a trio of bold moves this week that solidify ESPN’s future and its dominance in sports media. It’s buying out the NFL’s stake in ESPN, securing exclusive NFL Draft and behind the scenes content through 2033, and finally giving its standalone ESPN streaming service a launch date: August 21, 2025. That’s a power play straight out of Burbank. At the same time, Disney announced it will no longer report individual subscriber numbers for Disney Plus and Hulu, signaling a shift in how it wants investors and maybe consumers to measure success.

🗞️ The New York Post Bets on LA

In a sign of LA’s growing national influence not just in entertainment, but in news, the New York Post is launching a West Coast vertical called The California Post. With an editorial mission to cover the state’s cultural and political pulse, this move reflects a broader trend of major media brands planting roots in LA to chase both readers and relevance. For local media startups, content creators, and civic tech players, it’s yet another sign that the competition and the opportunity is growing.

Image Source: Meta

📱 Instagram Wants Your Inner Circle

Instagram rolled out a new set of features this week that prioritize connection with close friends. Users can now share what they’re doing, watching, or feeling with a smaller group, clearly borrowing from the intimacy playbooks of apps like BeReal, Snapchat, and yes, Locket. As social platforms shift from mass broadcast to curated circles, LA-based creators and consumer startups should take note: the next frontier might not be going viral, it might be going personal.

From star-powered lockets to streaming shakeups and platform reinventions, this week’s stories highlight how LA’s tech and media companies are rewriting the rules on connection and control.

Now onto this week’s venture deals 👇

🤝 Venture Deals

LA Venture Funds

    • Starburst co-invested in Madrid-based SpaceTech startup Orbital Paradigm’s €470,000 raise, part of an ongoing €2M funding round led by Akka. The company is developing reusable orbital re-entry capsules aimed at reducing costs and increasing sustainability for space missions. Starburst’s participation underscores its focus on backing innovative aerospace technologies with commercial and defense applications. - learn more
    • Rebel Fund participated in Orbital Operations’ $8.8M seed round, which came shortly after the company graduated from Y Combinator. The funding will support development of the company’s high-thrust orbital transfer vehicle, designed to maneuver satellites and other payloads in space more efficiently. - learn more
    • Fourth Revolution Capital participated in SuperGaming’s $15M Series B round, which valued the company at $100M, five times its previous valuation. The funds will help expand titles like Indus Battle Royale internationally and scale SuperGaming’s tools for developers in emerging markets. - learn more
    • Cedars-Sinai Health Ventures participated in Elion’s $9.3M seed round, joining NEA and others in backing the AI-powered healthcare research and intelligence platform. Elion helps over 60% of U.S. health systems evaluate emerging technologies through its structured vendor marketplace. The funds will support platform development, new product launches, market expansion, and team growth. - learn more
    • M13 led the $10M seed round for Kontext, an AI-powered contextual advertising startup emerging from stealth mode. Kontext’s platform enables real-time ads inside chatbot responses using large language models, and the funding will help expand its engineering team and develop image-based ad formats. - learn more
    • STORY3 Capital Partners made a significant minority investment in U.K.-based activewear brand Adanola, valuing the company at approximately $530 million. This strategic partnership brings STORY3’s deep experience in consumer brand scaling to support Adanola’s global expansion, particularly across the U.K. and U.S. markets. - learn more
    • Walkabout Ventures participated in OLarry’s $10M Series A round, which was led by TTV Capital and included Marin Sonoma Impact Ventures. The funding brings OLarry’s total capital raised to $14.5M and will be used to scale its AI-powered tax advisory platform for high-net-worth individuals and to acquire regional CPA firms as part of its growth strategy. - learn more
    • Glendon Capital Management participated in Grasshopper’s $46.6M funding round, which was led by Patriot Financial Partners, to support the bank’s merger with Auto Club Trust in April 2025. Their investment reflects confidence in Grasshopper’s ability to scale its digital banking platform and expand its suite of business and consumer financial products. Growth metrics as of June 30, 2025 showed a 53% increase in assets, an 81% surge in deposits, and a 49% rise in loans, all backed by this strategic capital infusion. - learn more
    • Mucker Capital participated in beatBread’s $124M capital raise, alongside Citi’s SPRINT team, Deciens Capital, and Advantage Capital. Their involvement supports beatBread’s strategy to expand sales, marketing, and technology operations, while enabling greater funding flexibility for independent artists, songwriters, and labels through its AI-powered platform. - learn more
    • B Capital co-led Positive Development’s $51.5M Series C funding round alongside aMoon and Flare Capital Partners, helping to fuel expansion of its developmental therapy model for autistic children. Their involvement underscores confidence in the company’s family-centered, play-based approach—which lowers costs by about 50% compared to traditional ABA therapy—and supports growth through new Medicaid partnerships and technology enhancements. - learn more
    • Clocktower Ventures participated in Creditop’s latest $3.7M funding round, which was led by Collide Capital and also included Alaya Capital, Amador Holdings, Newtopia, and Driven VC. Their involvement supports Creditop’s mission to enable credit access at the point of sale, without a credit card, and will help fintech deepen its footprint in Colombia while exploring expansion across Central America and Peru. - learn more
    • Thiel Capital participated in Pilgrim’s $4.3 million seed funding round, backing the biotech startup founded by 21-year-old Jake Adler after he demonstrated its hemostatic dressing, Kingsfoil, on himself. Their support underscores confidence in Pilgrim’s aggressive R&D and dual-use medical platform targeting both military and civilian emergency care. - learn more
    LA Exits
    • ElectroMagnetic Systems, Inc., a California-based specialist in AI and machine learning-powered target recognition software for space-based radar, has been acquired by Voyager. The deal strengthens Voyager’s AI-native surveillance and intelligence capabilities, enabling real-time monitoring across ground, air, and space domains to meet evolving defense and commercial demands. - learn more
    • Daring Foods is being acquired by Australia’s leading plant-based meat company, v2food, in a move that strengthens v2food’s push into the U.S. market. Daring will continue operating under its own brand and will serve as a platform to introduce v2food’s own products across the States. The deal, paired with a strategic partnership with Japanese food giant Ajinomoto, aims to accelerate innovation in clean-label protein and expand global reach. - learn more
    • Irwin Naturals is being acquired by FitLife Brands in an all-cash transaction valued at $42.5M, which includes approximately $16M in net working capital. The deal, expected to close around August 8, 2025, will nearly double FitLife’s scale, with projected combined annual revenue of over $120M and adjusted EBITDA between $20–25M. It will be funded with cash on hand, a new term loan, and a revolving credit facility, and is expected to generate synergies through complementary product lines, broader mass-market distribution, and improved operational efficiencies. - learn more
    • Solsniper, a Solana-focused trading and analytics platform known for high-speed memecoin execution, has been acquired by Phantom as part of its strategy to expand beyond wallets into full-service on-chain finance. The Solsniper team will join Phantom to enhance its advanced trading features, while the platform will continue operating independently. The move underscores Phantom’s ambition to offer seamless, integrated trading tools within the Solana ecosystem. - learn more
    • Cinelease is being acquired by Zello, a private investment platform dedicated to scaling businesses across the entertainment industry, in a strategic move to bolster production infrastructure and amplify its presence across North America. Under Zello’s ownership, Cinelease will continue operating as a standalone company led by its veteran team, enhancing its lighting, grip, and studio offerings for film, TV, and commercial productions. This acquisition sets the stage for disciplined growth and stronger relationships within the film and television production ecosystem. - learn more

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            Smart Shoes for Kids? Skechers Thinks So 👟

            🔦 Spotlight

            Happy Friday, LA!

            This week, Skechers may have just kicked off a new trend that’s bound to have parents and tech lovers talking. They've unveiled the "Find My Skechers" line, kids’ sneakers that come with a hidden compartment to securely hold an Apple AirTag. For $52 to $58, parents can now track their child’s shoes in real-time using the Find My app, giving a whole new meaning to "keeping an eye on things." While these tech-savvy kicks are already gaining attention, will they become the new norm in kids' footwear? And who’s next? Will Nike or Adidas be jumping on the AirTag bandwagon, or is Skechers setting the stage for a whole new wave of tech-integrated fashion?

            But it’s not all smooth sailing. This innovation raises some interesting questions about privacy and surveillance. Are we crossing a line when we start tracking our kids’ every move through their shoes? While Apple’s anti-stalking features are in place to prevent misuse, it will be intriguing to see how other brands and parents respond to this new blend of fashion and tech.

            What do you think? Could this become a must-have feature in the next generation of kids' gear, or is it a step too far? Let us know your thoughts!

            🤝 Venture Deals

            LA Companies

            • LakeFS, a provider of Git-like version control for data lakes, has secured $20M in a growth funding round led by Maor Investments. The funds will support the company's expansion efforts and product development aimed at enhancing data engineering and AI initiatives within enterprise and public sector environments. - learn more

            LA Venture Funds

              • Sound Ventures co-led the $16.1M Series A funding round for Knit, an AI-powered consumer research platform. The funds will be used to accelerate product development, enhance AI capabilities, and expand global research operations. This investment underscores the growing trend of combining AI with human expertise to deliver faster, cost-effective, and high-quality insights for enterprise research. - learn more
              • Anthos Capital co-led a $60M Series A funding round for Good Job Games, a mobile game developer known for creating casual and hyper-casual games. The investment, co-led by Menlo Ventures, will support the company's growth, enabling the expansion of its game portfolio and enhancing user engagement through innovative gameplay features. This funding marks a significant step in scaling Good Job Games’ operations and solidifying its position in the competitive mobile gaming market. - learn more
              • Pinegrove Capital Partners participated in Ramp's $500M Series E-2 funding round, which values the company at $22.5 billion. The funds will be used to accelerate Ramp's AI-driven financial tools, aiming to enhance automation and efficiency in corporate finance operations. - learn more
              • Riot Ventures participated in Oxide Computer Company's $100M Series B funding round, led by the U.S. Innovative Technology Fund (USIT). This investment will enable Oxide to scale its manufacturing capabilities, enhance customer support, and accelerate product delivery to meet the growing demand for on-premises cloud computing solutions. - learn more
              • Rebel Fund participated in a $3.2M seed funding round for Caseflood.ai, a San Francisco-based legal tech startup offering AI-powered client intake solutions for law firms. The funds will support the development of Caseflood's advanced voice agent, Luna, which autonomously handles client interactions, including consultations and retainer signings, aiming to enhance conversion rates and operational efficiency for law firms. - learn more
              • Smash Capital participated in Ambience Healthcare's $243M Series C funding round, co-led by Oak HC/FT and Andreessen Horowitz (a16z). The investment will support Ambience's expansion of its ambient AI platform, which automates clinical documentation, coding, and workflow tasks across over 200 specialties. The platform integrates directly with electronic health records, enhancing efficiency and compliance in healthcare settings. - learn more
              • ARTBIO, a clinical-stage radiopharmaceutical company developing alpha radioligand therapies for cancer treatment, has secured $132M in a Series B funding round. The round was co-led by Sofinnova Investments and B Capital, with participation from Alexandria Venture Investments and other investors. The funds will support the advancement of ARTBIO's lead program, AB001, through Phase II clinical trials, and facilitate the expansion of its manufacturing and supply chain infrastructure. - learn more
              • Rebel Fund participated in OffDeal's $12M Series A funding round, led by Radical Ventures, to support the company's mission of building the world's first AI-native investment bank. OffDeal aims to democratize access to high-quality M&A advisory services for small and mid-sized businesses by automating analyst tasks with AI, enabling efficient sell-side transactions. The funds will help scale OffDeal's technology-driven, advisor-led approach to facilitate successful exits for entrepreneurs. - learn more
              • Sandbox Studios participated in a $3M seed funding round for Sarelly Sarelly, a Mexican cosmetics brand, with backing from U.S. investors like Wollef, Morgan Creek Capital Management, and Hyve Ventures. The funds will support Sarelly Sarelly's expansion into the U.S. market, including retail launches at Ulta Beauty and growth on digital platforms like TikTok Shop. - learn more

              LA Exits
              • NEOGOV, an El Segundo-based provider of HR and compliance software for U.S. public sector agencies, has been acquired by EQT and CPP Investments in a deal valued at over $3 billion. The acquisition will help NEOGOV expand its product offerings and grow its presence across North America. - learn more

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                    From Retro Cool to AI Convenience: LA’s New Tech Normal

                    🔦 Spotlight

                    Hello LA,

                    What do you get when you cross a 1950s diner, robot-powered retail, and apps trying to do the right thing? A very Hollywood week in LA tech.

                    Image Source: Tesla

                    Let’s start with the most literal: Tesla’s long-awaited retro-futuristic diner just opened on Sunset, complete with drive-in movie screens, EV charging bays, and a neon glow that practically begs to be Instagrammed. It’s a mashup of Elon-style nostalgia and innovation, where your burger might take longer to arrive than your Model 3 finishes charging. While the menu sticks to diner classics (yes, there's a milkshake bar), the real flex is how Tesla is rebranding waiting as an “experience.” In a city where parking is currency, Tesla has turned it into a destination.

                    Image Source: VenHub

                    Just down the street, VenHub’s smart convenience store quietly opened its doors, but this is no 7-Eleven. The Pasadena-based startup is betting on AI-powered, cashier-free retail hubs that can be dropped anywhere, anytime. Think vending machine meets Apple Store. Investors are buying in on the promise of 24/7 access to snacks, essentials, and even meds. No human required. In a city of hustle, VenHub wants to make “convenient” even more convenient. Check out their locations here.

                    Uber also rolled out new "Women Rider Preferences" in LA, letting women and nonbinary drivers opt to pick up women riders. It's a long-requested feature aimed at improving safety and comfort, especially for those driving at night. And while it’s opt-in for now, it’s a significant move toward rethinking trust and transparency in ride-hailing, starting with the people behind the wheel.

                    Image Source: Snap

                    And finally, Snap launched "Home Safe Alerts" to quietly keep you safer on the move. You can now send automatic updates to trusted friends when you're heading out or getting home. It’s a subtle yet powerful shift toward making tech feel more protective and less performative. Snap’s way of saying, "Text me when you get home," but without the follow-up guilt.

                    So whether you're grabbing a burger under the glow of a Tesla screen, scanning a QR code at a robot-run bodega, or just getting home a little safer, this week reminded us that LA doesn’t just build the future. It makes it weird, wonderful, and just a little more user-friendly.

                    Catch you next week ✌️

                    🤝 Venture Deals

                    LA Companies

                    • Nevoya has raised $9.3M in seed funding, led by Lowercarbon Capital, to transform the American trucking industry with its advanced freight platform. The company aims to modernize logistics by optimizing routes, improving efficiency, and better connecting shippers and carriers. The funding will help Nevoya expand its technology and scale operations to redefine how goods move across the country. - learn more

                    LA Venture Funds

                    • Pinegrove Capital Partners joined Armada’s $131M Series B round to support the San Francisco-based edge computing startup in its mission to bring secure, modular data centers to remote and infrastructure-poor environments. Armada builds rugged, containerized units like its flagship Galleon and newly unveiled Leviathan, designed to enable real-time AI and compute at the edge. The funding will accelerate the deployment of these solutions globally and scale development for critical defense, energy, and industrial use cases. - learn more
                    • Rebel Fund joined Lyra’s $6M seed round, supporting the San Francisco startup that’s redefining video conferencing with its AI-native platform. Lyra transforms traditional meetings into interactive workspaces with real-time collaboration and auto-generated summary notes. The capital will bolster infrastructure and support rapid growth as the company scales its go-to-market operations. - learn more
                    • Plassa Capital participated in Bloom’s $1.6M pre-seed round to support the startup’s mission of building an all-in-one hub for the crypto trading community. Based in Miami, Bloom offers a social platform that combines trading tools, real-time news, and community-driven insights for crypto traders. The funding will help the company grow its team, enhance its product, and expand its user base. - learn more
                    • Embark Ventures participated in TRIC Robotics’ seed funding round to support its development of autonomous robots that help farmers manage pests and plant diseases without chemicals. Based in Delaware, TRIC uses ultraviolet light and computer vision to treat crops like strawberries in a sustainable, labor-efficient way. The funding will help the company expand deployments, grow its team, and scale its technology to more farms across the U.S. - learn more
                    • Alexandria Venture Investments participated in Dispatch Bio’s $11.2M seed funding round. Based in San Diego, Dispatch Bio is developing a novel immunotherapy platform that aims to deliver a universal treatment for solid tumors by reprogramming immune cells at the tumor site. The funds will support further development of its platform and expansion of preclinical studies. - learn more
                    • Mucker Capital led Vaudit’s $7.3M seed round, reinforcing its belief in the San Francisco Bay Area-based startup. Vaudit delivers an AI-powered media audit platform that automates real-time validation of ad spend, detecting discrepancies before payments are processed. The funding will enable Vaudit to enhance its platform, expand its team, and scale its global reach across web and mobile channels. - learn more
                    • Morpheus Ventures participated in xLight’s $40M Series B funding round to support its mission of transforming semiconductor manufacturing. The Palo Alto-based company develops advanced laser-based lithography technology designed to make chip production faster, more precise, and more cost-effective. The new funding will be used to accelerate product development, expand the team, and scale operations to meet growing demand. - learn more
                    • Magnify Ventures participated in Alix’s $20M Series A funding round to help the company modernize the estate settlement process. Based in New York, Alix offers a digital platform that simplifies and streamlines estate administration for families and professionals. The funds will be used to enhance the platform, grow the team, and expand its reach to meet increasing demand. - learn more
                    • Untapped Ventures participated in Nexxa AI’s $4.4M seed round to support the company’s mission of bringing specialized AI solutions to heavy industries like manufacturing, logistics, and energy. Based in Sunnyvale, Nexxa’s platform enables domain-specific AI deployment tailored to industrial operations. The funding will help the company expand its engineering team, accelerate product development, and onboard new enterprise customers. - learn more

                    LA Exits
                    • Exverus Media, a Los Angeles-based media agency known for its data-driven approach to brand growth, has been acquired by global marketing firm Brainlabs. The acquisition strengthens Brainlabs’ U.S. presence and adds strategic media planning and measurement capabilities to its portfolio. Exverus will continue operating under its brand while gaining access to Brainlabs’ global resources and infrastructure. - learn more
                    • Generous Brands is set to acquire Health-Ade Kombucha, the Los Angeles-based beverage company known for its premium, gut-healthy drinks. The deal marks Generous Brands’ push into the fast-growing functional beverage market and adds a high-profile name to its portfolio. Health-Ade will continue operating with its existing team while benefiting from expanded resources and distribution capabilities. - learn more
                    • Launch Potato has acquired OnlyInYourState, a travel discovery platform known for spotlighting hidden gems across the U.S. The acquisition expands Launch Potato’s portfolio of digital brands and supports its goal of using AI to personalize trip planning experiences. OnlyInYourState will continue to operate while integrating with Launch Potato’s performance marketing and content strategy capabilities. -learn more
                    • Vilore Foods has acquired Tia Lupita Foods, a better-for-you Mexican food brand known for its hot sauces, chips, and tortillas made with simple, sustainable ingredients. The acquisition expands Vilore’s portfolio into the health-conscious and culturally authentic food space. Tia Lupita will continue to operate under its brand while gaining access to Vilore’s distribution network and resources. - learn more

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