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Los Angeles is now the third largest startup ecosystem in the U.S. The city is home to about 3,800 venture-backed startups—a 20% increase from the year prior, according to a new report by VC firm Telstra Ventures. The City of Angels is behind only the Bay Area and New York, which are home to about 13,000 and 7,500 startups, respectively.
Here’s what else we’re reading in the news:
- Immersive video app 360 VUZ opens a Hollywood office.
- Digital media company Blavity Inc. announces the lineup for its multi-city AfroTech Executive events.
- Fisker receives 31,000 reservations for its first electric vehicle, the Ocean SUV.
- U.S. auto safety regulators launch an investigation into Tesla after reports of braking issues.
- A 13-year-old Angeleno uses an artificial nose to diagnose pneumonia.
On Wednesday, San Francisco-based Telstra released its second annual “Tech’s Great Migration” report, highlighting trends across the country’s “emerging tech hubs.” L.A. has established itself as No. 3 behind the tech megahubs of the San Francisco Bay Area and New York.
Profi founder Alina Trigubenko’s journey has taken her far and wide—from working at her parents’ restaurant in Siberia at age 9, to producing for one of Russia’s largest TV networks at age 18, to moving to the U.S. and founding her own startup at age 28.
Talespin, a Culver City-based startup that deploys virtual reality to help companies train their employees, has raised $20 million in fresh funding as more companies embrace working from home.
More than four years after stepping down as co-CEO, Riot Games co-founder Marc Merrill has been named the L.A. video game developer’s first-ever president of games—putting him in charge of franchises including the studio’s blockbuster “League of Legends” title.
On this episode of Behind Her Empire, Payal Kadakia talks about how her Indian heritage and love for dance helped her become the entrepreneur she is today.