Meet Grid110's latest cohort, which includes founders who are gene-editing algae to make food dyes as well as creating an online market for Mexican folk dancers. Launched by General Assembly alum, Miki Reynolds, the nonprofit incubator's latest cohort looks beyond Santa Monica and Venice, the once-default tech hubs.
📊 Prices for U.S. consumers spiked in June, the biggest jump since 2008.
🏭 The tech talent pool in Los Angeles grew by about 18% in the last five years.
✈️ United Airlines and Mesa Air Group Inc. are buying electric planes for short trips.
🎥 YouTube Shorts is rolling out in more than 100 countries to compete with TikTok.
👩💻 Female startup CEOs cut their salaries by 30% during the pandemic, a new analysis shows.
🚀 FAA gives Blue Origin the green light to send people into space on July 20.
☠️ The hacker gang responsible for a major ransomware attack this month has vanished.
💸 Discord bought a company that makes AI tools to detect harassment online.
For This LA Accelerator, Diversity Matters
Of the 200 companies that have gone through the Grid110 program, 70% are led by women and 70% by a founder of color. Its founder Miki Reynolds is trying to build an accelerator that looks like Los Angeles.
Imagine A Mobile Phone That Literally Opens Doors
Motorola Solutions has acquired Culver City-based security company Openpath in an effort to expand further into the physical space. So, essentially when an employee waves their hand at the sensor, it will connect to the phone and unlock the door.
GIGXR Is Bringing Wartime Training To A New Frontier
Venice-based VR company GIGXR is partnering with the Air Force Academy to simulate wartime applications. Specifically, it will use mixed reality to immerse students in what would otherwise be impossible situations, allowing them to see, for instance, how different gasses react to atmospheric conditions on the moon.
This Is The LA-Based Software That Clubhouse Is Testing
Endgame is an L.A.-based software startup that promises to help companies identify their top customers so they may develop better relationships with them and boost sales. On Tuesday, the company announced a Series A round of more than $12 million.