Intersect Summit Updates: Snap Inc’s AR Play; How SportsTech is Remaking the Game

Sarah Favot

Favot is an award-winning journalist and adjunct instructor at USC's Annenberg School for Communication and Journalism. She previously was an investigative and data reporter at national education news site The 74 and local news site LA School Report. She's also worked at the Los Angeles Daily News. She was a Livingston Award finalist in 2011 and holds a Master's degree in journalism from Boston University and BA from the University of Windsor in Ontario, Canada.

Intersect Summit Updates: Snap Inc’s AR Play; How SportsTech is Remaking the Game
Photo by izayah ramos on Unsplash

Intersect event

From NFTs to augmented reality and streaming services, a new frontier reshaping entertainment and technology has exploded in Los Angeles. It's ripe with media talent and fueled by venture capital.

Dot.LA will explore that intersection of media and tech during our inaugural Intersect summit. We'll be talking to Los Angeles executives, entrepreneurs and investors at the forefront about trends moving the industry.

The event kicks off Wednesday with a keynote address from the CEO of Kevin Hart's Laugh Out Loud Productions and concludes with a pitch competition featuring three SoCal startups. Join the live event by applying to attend at the Intersect site. Follow us here for coverage.


The Live Events Industry Braces For a New Normal, and a 'Roaring' Return to In-Person

As more people get vaccinated, venues and stadiums are opening up, leaving a looming question: what will events look like in the future?

Leaders in the entertainment and event space said events in the near term will be hybrid, with organizers ensuring attendees feel and are safe. The industry is hoping that those watching at home will see others experiencing the in-person event, and become more comfortable with the idea of returning in person.

While some companies have found success in remote events, panelists said, it isn't equivalent to standing shoulder-to-shoulder with friends and strangers on the concert hall floor as they're experiencing their favorite artists.

"I'm looking forward for live to come back," said Robert Ellin, founder, CEO and chairman of LiveXLive.

LiveXLive will be testing the waters for its return to live events in June with an in-person matchup in Miami called "Social Gloves," which will pit YouTubers against TikTokers in the boxing ring. It will also be livestreamed.

VidCon will return as a live event in October in Anaheim. It's also selling digital tickets for remote access.

"I know they're going to enjoy the experience so much they're going to want to go to a VidCon somewhere else around the world when it comes near them in '22 or '23," Jim Louderback, GM and senior vice president of VidCon at Viacom, said of at-home viewers.

Ellin said he feels like we are moving into the Roaring 20s based on his experience of the excitement in Miami.

"We're all in the digital space right now," he said. "No matter what we do, the live experience is nothing like it. You're actually interacting with people and so there's going to be audiences."

In Los Angeles, SoFi stadium will host Vaxx Live on May 8, a charity concert featuring Selena Gomez. Organizers said it will host thousands of fully vaccinated frontline health care and essential workers.

Even as things return, more or less, to normal, industry insiders say the future live events will use more technology than it once did, including touchless purchasing at the ticket booth and concession stand, as well as more virtual and augmented reality experiences.

Louderback said at VidCon they're thinking of ways to incorporate those technologies, maybe a scavenger hunt or secret party through AR.

"I think there's really creative unique ways to integrate them," he said. "I think we all have to be thinking about those and those special ways to make it more interesting," he said.

Ellin said Social Gloves will feature NFTs in the form of a digital card, but also a physical card.

"As you can touch it and feel it, you're going to want to really have a responsibility of protecting those assets long term," he said.

When it comes to touchless technology at venues or processes like mobile ordering and individual packaging, Wroan said it might seem cumbersome and costly upfront, but it will put more people in seats.

"I think, once they're up and running, we're actually going to be more efficient — probably in the long run, better," she said. "Part of it, too, is just people feeling confident and safe to get off the couch and come experience a live event."

Snap Inc’s AR Play

Snap Inc. is placing big bets on AR technology.

Last year, it announced a $3.5 million fund for augmented reality (AR) creators building their own lenses for the app.


The fund will help the Santa Monica-based company keep products fresh for its 280 million users and potentially reel in big revenue for developers and artists like Frank Shi, who co-founded a boutique AR studio called Paper Triangles.

But perhaps most importantly, it feeds Snap's advertising deals as brands look for new ways to sell products.

Shi remembers the first time he showed Crocs how to use Snap's AR try-on feature, which lets users step into shoes and clothes virtually.

"That experience to us was magical," Shi said. "I think when it comes to brands, they're a little hesitant at first, but once they see the magic...how easy it is to use AR, their eyes kind of twinkle."

As advertising remains a key component of Snap's business model, AR represents a natural avenue for companies scouting new customers. Fashion-oriented AR is a promising market given how shopping habits have moved online since the pandemic. Last month, Snap acquired FitAnalytics to help shoppers find the right clothing sizes.

"Before, it was a question of who's using AR," said Sophia Dominguez, who heads camera platform partnerships for Snap. "Brands have seen the value."

During its first quarter Q1 earnings call last week, Snap focused on two of its software development kits — Camera Kit and Lens Studio — and its community of "lens creators" like Shi who get early access to AR tools, training and support.

"Those who want to build AR on Snap," Dominquez said, "we hear you and we're looking for more ways to create streamlined sources of monetization."

How SportsTech is Remaking the Game

Intersect sport-tech panel

Athletes are moving from the court or the playing field into boardrooms. Increasingly they are shunning traditional endorsements for a stake in startups and other companies. It comes amid rapid-fire changes in sports tech and is altering the landscape for both investors and founders.


"What makes [athletes] really, really interesting partners is not only their ability to command an audience with their social following or their conversations on the court and in interviews and whatnot, but also their ability to support business development," said Amanda Groves, a partner at Plus Capital. The Marina del Rey-based venture advisory firm helps celebrities across entertainment and sports facilitate investments and equity-based partnerships.

Groves said athletes are particularly good storytellers and team players who are passionate about their underlying investments and can tell a complicated story in a way that's approachable and interesting for the consumer.

"It's not just a service day to go do this photoshoot to support a product line. It's like, 'this is my baby and I want to help grow it and so I'm going to give it to all my friends and I'm going to to talk about it every chance I get'," she said.

DeMarcus Williams, a partner at Silicon Valley Bank, which supports early stage entrepreneurs and VC firms, said athletes are cultural influencers, using NBA legend Michael Jordan as an example.

"I would say for startups that are pursuing athletes, it's really important that you really sit down and understand what they're passionate about and appeal to that passion point," Williams said.

Athletes' journeys through training from a young age to achieving success at a professional level is similar to the growth startups face, Groves said.

These changes are unfolding as the technology people use to interact with sports is changing.

For instance, the panelists think bite-sized highlight clips will be key to delivering sports that air on traditional regional networks.

Williams said he thinks these networks will still be around for the next 20 to 30 years, but he used the example of his 8-year-old son to highlight how younger audiences want to engage with sports.

"Can he sit down and watch a game for its entirety for three hours? No, for an hour, no, for 30 minutes, maybe, 15, maybe," he said. "A lot of these sports leaders and sports leagues, they're going to have to meet their audience where they are."

Kyle Laughlin, CEO of Surfline Wavetrak, Inc., a Huntington Beach-based company that specializes in surf forecasting and surf reports, said the World Surf League has demonstrated how to use digital platforms.

"I think there's a real range from a league perspective, from the little niche league to the mass, that is embracing technology to engage ether fans in new and interesting ways from both an athlete and a technology perspective," he said.

But it's not only in professional sports that tech is altering viewership. Pasadena-based BallerTV live streams and shows replays of youth basketball and volleyball, mainly targeting the audience of parents who can't make it to their kid's games. Since being founded in 2016, it has broadcasted more than 500,000 games, typically showing 10,000 games each weekend.

It is looking to expand into different vertices with the launch of youth soccer this summer.

"In this industry, we like to say that we're sort of first to market or category definers with respect to video at scale in this market," said Sandeep Hingorani, EVP, Founding Team at BallerTV.

PlayVS CEO Delane Parnell Has Ambitions Beyond HS, College Esports

Keynote with Delane Parnell

Founder and CEO of PlayVS Delane Parnell was living in Detroit and developing the idea for his company, when he had a chance meeting at South by Southwest with Peter Pham, co-founder of Santa Monica venture fund Science Inc.

Darnell recounted that Pham encouraged him to come to L.A., saying 'You can be a millionaire in Detroit or a billionaire in L.A., but don't waste my time.'

The startup has been on a remarkable ascendency since.

PlayVS has raised $107 million since it entered the esports marketplace for high school teams in 2018 and now 43% of all high schools in the country have an esports team, playing Fortnite, SMITE, League of Legends and other games using the PlayVS platform.

It expanded into the college market last year and now has 30% of colleges in the country on the platform.

"We wanted to build an environment to actually reengage and reactivate that community," he said.

While there are only 1,000 professional gamers in North America, there are 2.8 billion gamers globally, many of whom don't have aspirations to become professional. Parnell wanted to tap into that market starting with high schoolers, who sometimes are prevented from playing because they are under 18.

He said the beauty of amateur esports is "there's more gamers who care about actionality and don't necessarily care or have aspirations of going pro, and so they just want to play their favorite game at the time with their friends and teammates."

Eventually he'd like to expand, building PlayVS digital playground beyond school sports.

"I still want to build the digital playground in which every gamer can compete whether they're high school-aged or college-aged or in their 40s in any sort of context of competition," he said.

But, Parnell said, the company relies on partnerships with game publishers, who drive the content.

"We don't just add any game to our platform," he said. "We're really thoughtful in which titles we decide to partner with and integrate with."

NFTs Are 'No Get Quick Rich Scheme'

NFT Panel

The underpinning of the hottest new trend, NFTs or "non-fungible tokens," is blockchain and it's here to stay.

At least in the eyes of Zach Katz, CEO of the music-tech investment firm Raised in Space.

"Blockchain is finally finding its footing in supporting something that fans and artists have wanted to do for a long time," Katz said.

As the pandemic reshaped how businesses and creatives made money, NFTs have boomed as a new market for digital commerce. Artists and musicians can now build new and profitable relationships with fans — ones that do away with "traditional financing" they once relied upon, he said.

NFT sales have spiked in the first three months of the year. And artists and creators are looking at new ways to use the tokens to provide fans exclusive, paid experiences.

"Graphic artists and 3D designers now have a way to monetize their creativity and monetize the art that had been previously really, really hard to sell," added Shara Senderoff, president and partner at Raised in Space.

But in the world of NFTs, "there's no get quick rich scheme," Senderoff said. "This is about being able to show your loyalty and follow the people you admire and respect."

And the environmental consequences are looming.

"When you're putting in that level of energy and using that level of computing power at scale, it's absolutely doing something," Senderoff said about the climate change risks of blockchain technology. "Entrepreneurs need to be accountable and responsible for what the products they create are doing."

​'It's About Reading The Room': How Kevin Hart's LOL Connects with Audiences

Panel with LOL Productions

Created by comic Kevin Hart, the four-year-old startup Laugh Out Loud, or LOL, is quickly becoming a force, carving out its own space for comedy across multiple platforms.

The company, which originally began as a joint venture between Hart and Lionsgate, now has a deal with NBCUniversal and estimates it reaches over 100 million people on streaming and audio platforms with original scripted and unscripted series, stand-up specials, live broadcasts and other events.

Last year, it inked a deal with Snapchat for "Coach Kev," a show in which the comedian doles out wisdom and advice. The move pushed LOL's content further across media channels having already been on Roku Channel, ViacomCBS's PlutoTV, SiriusXM and YouTube. It has also given an expansive platform to comedians of color.

"An entertainment media company, you have to be involved with tech," said CEO Jeff Clanagan. "You have to embrace tech because the worldwide consumer accesses content through technology."

That's become key as demographic shifts have been playing out in media. Gen Z, for instance, would rather scroll through social media, play video games and stream music than watch TV or catch a film.

"Comedy is about keeping your finger on the pulse," said Candice Wilson Cherry, the company's head of development and production. "It's about reading the room, reading the cultures, seeing what's changing and it's changing so quickly."

NFTs: What They Are and What's Coming Next

Sam Blake

NFTs, or non-fungible tokens, have exploded in popularity in 2021, but what's hype, and what's here to stay? That's the main question dot.LA will be exploring with a panel of experts during one session of our inaugural Intersect conference this Wednesday.

NFTs have helped create scarcity among digital assets. Consider a photo, GIF, video or any other type of online item: previously these could be endlessly copied, with limited ability to reliably distinguish the copies from the original. Using blockchain, an NFT injects scarcity by serving as a unique, traceable certificate of ownership of that digital asset.

Read more >>

The $100M Plan to Deliver Sunlight After Dark
Reflect Orbital

🔦 Spotlight

Hello, LA.

Most companies built around solar energy are trying to capture more sunlight.

Reflect Orbital wants to move it.

The Hawthorne-based startup is developing satellites equipped with large reflectors that could redirect sunlight from orbit to specific locations on Earth after sunset. The idea sounds borrowed from science fiction, but Reflect Orbital is getting closer to testing whether it can work at commercial scale.

This week, the company announced $73.5M in new funding, bringing its total raised to more than $100M. Existing investors Sequoia Capital, Lux Capital and Starship Ventures participated alongside new backers including Buckley Ventures, Convective Capital, The Uncommon Group and Salesforce Ventures.

The funding will support Reflect Orbital’s first satellite launches, continued development of its reflector technology and new commercial partnerships across the energy and lighting industries.

The company’s premise begins with a familiar limitation: Solar panels stop producing energy when the sun disappears below the horizon, often just as electricity demand is rising.

Reflect Orbital wants to extend that window.

Its planned satellites would remain in sunlight while orbiting Earth, then angle their reflectors toward selected areas on the ground. Solar farms could potentially generate electricity beyond daylight hours without acquiring more land or replacing their existing infrastructure.

The same technology could eventually illuminate disaster zones for search-and-rescue teams, help construction crews work more safely at night and provide light in places without reliable electrical infrastructure.

That is a considerable expansion from where the company stood two years ago.

Reflect Orbital raised a $6.5M seed round in 2024 to develop its production vehicles and grow its Hawthorne team. It followed that with a $20M Series A led by Lux Capital in May 2025.

Now, the company is preparing to leave the warehouse and test its technology where it was designed to operate.

Reflect Orbital has received Federal Communications Commission approval for its first demonstration mission, Eärendil-1, which is expected to launch in the second quarter of 2027. The satellite will allow the company to study how its reflector deploys and performs in low Earth orbit while gathering data that could shape future versions of the system. Reflect Orbital has also secured additional launch opportunities for 2027, including two dedicated missions with Skyroot Aerospace.

Building the satellites presents its own unusual manufacturing challenge. According to the company, its team produces reflector material 28 times thinner than a human hair, folds individual sections into packages roughly the size of a shoebox and assembles satellites containing approximately 12,000 parts.

In other words, delivering sunlight after dark requires some very careful folding.

The concept has naturally prompted questions from astronomers and dark-sky advocates about light pollution and potential interference with scientific observations. Reflect Orbital says it is designing the service around predictability, transparency and control, including limiting reflections to defined locations and short periods, publishing satellite positions in advance and avoiding observatories and other protected sites.

The demonstration mission is expected to produce illumination comparable to a full moon for no more than five minutes during the two hours following local sunset. Reflect Orbital has also said it will collect data, invite outside evaluation and use the results to refine both its technology and safeguards before attempting to scale.

That process will matter because Reflect Orbital is not simply building another satellite. It is proposing a new kind of infrastructure, one that could change when and where sunlight becomes available.

The company still has significant technical and regulatory work ahead. But it has already moved from an unconventional idea to more than $100M in funding, an approved demonstration mission and multiple launch opportunities.

The next step is proving that its technology can deliver light precisely, reliably and responsibly from hundreds of miles above Earth.

If it succeeds, the sun may no longer disappear from the energy grid when it drops below the horizon.

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

🤝 Venture Deals

    LA Companies

    • Helix raised $6.2M in a round led by Chicago Ventures, with participation from BAM Ventures, Aglaé Ventures, Corazon Capital and others. The startup is developing on-device voice technology that verifies whether users are human and estimates their age without collecting traditional identity documents, offering a privacy-focused alternative to CAPTCHA and photo verification. - learn more
    • Opdo raised a $2.3M pre-seed round led by Angular Ventures, with participation from Inflection and Tiny.vc. The company uses AI agents alongside established optical-design software to help engineers develop and manufacture complex components faster, and will use the funding to expand its engineering capabilities, improve its AI tools and support more customer projects. - learn more
    • Athlete To Athlete raised an $8M Series A led by Rally Ventures, with participation from Newbound VC, Scrum Ventures and UpHonest Capital. The platform pairs young athletes with college-athlete mentors for virtual one-on-one guidance and will use the funding to expand youth sports partnerships, strengthen participant safeguards and reach more families nationwide. - learn more
    • Kindo raised $30M in a round co-led by Crosspoint Capital and Forgepoint Capital, bringing its total funding to $57.6M. The company provides a centralized platform for enterprises to monitor and control AI agents, including their data access, activity and costs, and will use the capital to expand sales and further develop its AI management and security products. - learn more

    LA Venture Funds
    • Trousdale Ventures made a follow-on investment in Databento’s $100M Series C, which was led by Fifth Down Capital and valued the market-data company at $1.1B. Databento plans to accelerate its global infrastructure expansion and build a larger historical market-data archive as demand grows from financial institutions and AI companies. - learn more
    • Upfront Ventures led General Translation’s seed round, while Andreessen Horowitz led its Series A, bringing the AI localization startup’s combined funding across the two rounds to $27M. The company is building full-stack infrastructure that helps businesses translate and continuously update apps, websites, documents and videos across languages. - learn more
    • Alpha Edison participated in Q-CTRL’s $290M Series C, which was led by Salesforce Ventures. The quantum infrastructure company will use the funding to expand its AI-powered software for improving the performance and reliability of quantum computers and sensors while accelerating commercial adoption. - learn more
    • KittyHawk Frontier participated in Twin1 AI’s $5M seed extension, which was led by Curql and brought the company’s total seed financing to $25M. Twin1 develops privacy-focused AI “digital twins” that preserve professionals’ knowledge and working context, and will use the capital to expand across credit unions, law firms and financial institutions while growing its teams and enterprise governance tools. - learn more
    • Bonfire Ventures co-led Axle’s $9M funding round alongside Eniac, with participation from Teamworthy Ventures. Axle provides investment banks with a unified platform for managing conferences, corporate access, roadshows and expert engagements, and will use the capital to expand its AI capabilities and bring the product to more financial institutions. - learn more
    • TenOneTen Ventures participated in Tristar AI’s $12.4M Series A, which was led by Isogon Ventures. The Cambridge-based company uses AI-powered visual inspection to identify manufacturing defects in real time and will use the funding to improve its vision and edge-computing platform, enter additional industries and support larger deployments across customer facilities. - learn more
    • Clearlake Capital Group co-led Mirendil’s $1B Series A alongside Kleiner Perkins, with M13 participating among the company’s other new and existing investors. Mirendil is developing AI agents and tools that allow smaller teams to conduct advanced AI research and will use the funding to make frontier-level R&D more accessible to scientists and engineers. - learn more
    • CommonKind VC participated in Akara’s $5.5M funding round, which was led by Locke Health and brought the healthcare technology company’s total funding to $12.3M. Akara combines privacy-preserving sensors, AI agents and robotics to give hospitals real-time visibility into clinical operations, and will use the capital to expand its teams, grow adoption across U.S. hospitals and further develop its physical AI platform. - learn more
    • March Capital co-led Rox’s $100M Series B alongside General Catalyst, valuing the AI sales startup at $1.3B. Rox helps large enterprises automate pipeline generation, deal execution and upselling, and will use the funding to advance its AI models and expand across industries including healthcare, energy, financial services and manufacturing. - learn more
    • Clocktower Technology Ventures participated in Palomma’s $10M Series A, which was led by Cometa and brought the Colombian fintech’s total funding to $14M. Palomma combines AI leasing software, rent payments and financial products for landlords and tenants, and will use the capital to expand in Colombia, develop additional services and prepare for entry into new markets. - learn more
    • Alpha Edison led Agent F’s $4M pre-seed round, with participation from United Founders, Tiny Supercomputer Investment Company and several technology executives and founders. The Berlin startup is building AI-powered enterprise software that automates accounting, financial planning and compliance tasks for fast-growing companies while keeping finance professionals responsible for final approval. - learn more
    • Bail Capital participated in Delix Therapeutics’ oversubscribed $100M Series C, which was co-led by Johnson & Johnson Innovation and SV Health Investors’ Dementia Discovery Fund. The neuroscience company will use the funding to advance its non-hallucinogenic depression treatment Zalsupindole into Phase II development and expand its broader pipeline of therapies for psychiatric and neurodegenerative conditions. - learn more
    • M13 participated in Nominal’s $240M Series C, which was led by Lightspeed Venture Partners and co-led by Insight Partners at a $3B valuation. The hardware intelligence company will use the funding to expand its AI-powered engineering platform, develop new tools across the hardware lifecycle and enter additional industries and markets. - learn more
    • MANTIS Venture Capital participated in Project Omega’s $80M Series A, which was led by B Capital. The nuclear technology company will use the funding to begin building a domestic fuel-recycling facility and advance long-duration power systems that transform materials recovered from used nuclear fuel into energy, reactor feedstock and strategic isotopes. - learn more
    • Critical Frontier participated in Mavria’s latest funding round, which was led by Paradigm and valued the infrastructure startup at $1B. Mavria has raised $130M across its pre-seed and seed rounds to scale manufacturing, secure supply chains and build factory-produced data centers designed to bring AI computing capacity online faster and at lower cost. - learn more

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      Northwood’s Nine-Month Rise to $2B
      Northwood

      🔦 Spotlight

      Happy Friday, Los Angeles.

      Nine months ago, Northwood Space was operating from a 35,000-square-foot facility in Torrance. Today, it occupies a factory more than five times the size, has deployed six ground sites across two continents and is reportedly worth $2B.

      Aerospace companies are not generally known for moving this quickly.

      When dot.LA last covered Northwood, the company had just raised a $100M Series B and secured a nearly $50M contract with the U.S. Space Force. The deal established Northwood as one of the more closely watched companies working on the essential infrastructure that keeps satellites connected to Earth.

      Less than a year later, Northwood is operating at a considerably different scale.

      The company announced this week that it raised a $375M Series C co-led by Andreessen Horowitz and DFJ Growth, with additional investment from Washington Harbour Partners, Alpine Space Ventures, StepStone, In-Q-Tel and others. The round values Northwood at a reported $2B. A separate credit facility from HSBC Innovation Banking will provide additional support for working capital and network expansion.

      The financing is notable. What Northwood accomplished between rounds is the more interesting part.

      Since January, the company has deployed six ground sites across two continents, demonstrated communication with a government satellite in geosynchronous orbit and introduced a high-throughput antenna system for moving larger volumes of data. It also opened a 185,000-square-foot headquarters and factory in Torrance, expanding its manufacturing footprint more than fivefold.

      Northwood now employs more than 140 people and plans to add 400 jobs across Torrance and Washington, D.C., over the next three years.

      The company builds the infrastructure that allows satellites to exchange commands and data with operators on Earth. Rather than requiring every satellite company to develop its own ground stations, Northwood is creating a shared network that commercial operators and government agencies can access as needed.

      Think cloud infrastructure, except the servers are antennas and adding capacity requires considerably more than clicking a button.

      That distinction matters. Software companies can often scale by purchasing additional computing power. Northwood must manufacture physical systems, establish sites around the world and reliably serve customers operating across multiple orbits.

      Its new Torrance factory is central to that plan. The facility is designed to produce hundreds of antennas each year, giving Northwood the manufacturing capacity to expand its network faster than traditional ground infrastructure can typically be built.

      Demand is moving just as quickly. The number of active satellites worldwide grew from roughly 3,000 in 2020 to more than 14,000 by the end of 2025. Every one of them eventually needs to send information somewhere, and existing ground networks were not designed for the volume of missions now entering orbit.

      Northwood’s previous funding helped prove it could build the technology and win serious customers. This round is about turning that early progress into global infrastructure.

      The question is no longer whether Northwood can build a modern ground network. It is whether the company can make Torrance-built hardware the default connection layer for a rapidly expanding space economy.

      With another $375M behind it, that test begins now.

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

      🤝 Venture Deals

        LA Companies

        • Guava, a Los Angeles-based developer platform for building AI voice agents, raised a $12.5M seed round led by Acrew Capital, with participation from Flourish Ventures, WillowTree Ventures, Clocktower Ventures and existing investor Commerce Ventures. The company will use the funding to further develop its voice AI models and products while building a go-to-market team focused on enterprises and business process outsourcing providers. - learn more

        LA Venture Funds
        • Blue Bear Capital participated in Ocient’s $100M Series C alongside Greycroft, In-Q-Tel, Buoyant Ventures and other existing investors, while BOKA Capital and OCA Ventures co-led the round. The data analytics and AI infrastructure company will use the funding to expand OcientAIQ, its platform for delivering fast, reliable answers from petabyte-scale datasets, and bring its technology to more customers globally. - learn more
        • Mystic Ventures participated in Siggy’s $6M pre-seed round, which was led by Village Global and also included PsyMed Ventures, Coalition Operators and several angel investors. Founded by veterans of Nurx and Journey Clinical, Siggy combines AI, wearable data and licensed clinicians to monitor patients between mental health appointments, with the funding supporting product development, regulatory work and hiring across its clinical and engineering teams. - learn more
        • Grid Capital and Thin Line Capital participated in Strive Robotics’ more than $3M pre-seed round alongside Tenon Ventures, with Hi Ventures leading the financing. The Cambridge-based startup develops adaptable robots that can learn complete manufacturing workflows and operate existing factory equipment, with the funding supporting product development, hiring and early customer deployments. - learn more
        • Sum Ventures participated in Circularity Fuels’ $7M seed round alongside Automotive Ventures, with DCVC and Trucks Venture Capital co-leading the financing. The company converts dairy biogas into sustainable aviation fuel and will use the capital to build a demonstration plant, design its first commercial facility and begin licensing its reactor technology to outside partners. - learn more
        • Griffin Gaming Partners participated in EloElo Group’s $80M Series C alongside MIT Investment Co., Play Ventures, Kalaari Capital and WaterBridge Ventures, while Hornbill Capital and NBCUniversal co-led the round. The Bengaluru-based entertainment company will use the funding to produce more original microdramas across multiple languages, expand its Story TV platform internationally and continue developing Dolphin AI, its AI-powered creative suite. - learn more
        • Mucker Capital participated in Lazarus AI’s $43M funding round alongside QBE, State Farm Ventures, Wave Function Ventures, Techstars and several other investors. The Boston-based company develops AI systems for enterprises and government agencies that retain control over their data, models and deployment, with the new capital supporting research and development, strategic partnerships and new product launches. - learn more
        • Alexandria Venture Investments continued its support of Thryv Therapeutics by participating in the company’s $30M Series B, which was led by InClin and included several other existing investors. The clinical-stage biotech will use the funding to launch a Phase 2a study of THRV-1268 in patients with heart failure and evaluate the drug’s safety and potential effects on cardiac function and arrhythmia risk. - learn more
        • Supply Change Capital led Kodiact’s $2.5M pre-seed round, with participation from Green Circle Foodtech Ventures and Velocity Catalyst. Kodiact helps manufacturers anticipate raw-material price swings and simulate sourcing decisions, and will use the funding to expand its market data and AI capabilities, grow enterprise deployments and enter additional industries including cosmetics, packaging and chemicals. - learn more

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          Anduril Built Fighter Jets. Now It’s Making a Laptop.
          Anduril

          🔦 Spotlight

          Happy Friday, Los Angeles.

          Anduril has built autonomous drones, underwater vehicles and fighter aircraft. Its newest product is considerably more familiar.

          A laptop.

          The Costa Mesa-based defense technology company announced this week that it is partnering with San Diego-based Qualcomm Technologies to launch BlueChip, a new line of computers designed in California and manufactured in the United States.

          The first product will be a rugged laptop powered by Qualcomm’s Snapdragon X Series platform and built for customers in government, defense, public safety and other critical industries. Anduril has already produced working prototypes and plans to begin accepting orders in 2027.

          At first glance, a laptop may seem like a modest addition to a company known for developing autonomous military systems. But BlueChip is less about entering the crowded consumer-electronics market and more about rebuilding the industrial foundation behind the machines Americans use every day.

          The United States remains a leader in designing advanced technology, but much of the physical production required to turn those designs into finished computers has moved overseas. That includes not only semiconductor manufacturing, but also circuit boards, displays, batteries, enclosures and the network of specialized suppliers that connects them.

          For most consumers, that dependency is largely invisible. For the government and military, it represents a potential vulnerability.

          BlueChip is Anduril’s attempt to close that gap.

          Components sourced from the United States and allied countries already account for more than 90% of the prototype laptop’s procurement cost. Circuit-board assembly is planned for Anduril’s Arsenal-1 facility in Ohio, while the company develops domestic production capabilities for enclosures, batteries and other hardware.

          The goal is to gradually replace remaining foreign dependencies and create an end-to-end American computer supply chain that can support additional products beyond the first laptop.

          That process requires more than moving an existing design into an American factory. Anduril is redesigning the computer around what domestic manufacturers can realistically produce at scale. The work includes selecting machinable American metals, adapting power systems to available battery technology and developing a bonding process for domestically made display glass.

          In other words, Anduril is not simply assembling a laptop in America. It is working backward through the supply chain to make American assembly possible.

          Qualcomm will supply the computing foundation. Its Snapdragon X platform will handle processing, graphics and on-device artificial intelligence, giving BlueChip users the ability to run certain AI models locally rather than sending sensitive information to the cloud.

          That is particularly valuable for government and defense customers operating in secure environments, but it also reflects a broader shift in computing. As AI becomes embedded in everyday workflows, the location where information is processed may become nearly as important as the model doing the processing.

          The partnership also reinforces Southern California’s growing role in the effort to rebuild American advanced manufacturing.

          Anduril remains headquartered in Orange County, but its regional footprint is expanding. The company is investing $1B in a new campus spanning Long Beach and Lakewood that is expected to support approximately 5,500 jobs and include engineering, laboratory and prototype-manufacturing space.

          Qualcomm, meanwhile, has spent decades building San Diego into a center for wireless technology and semiconductor design.

          BlueChip brings those two Southern California strengths together: Anduril’s ability to move quickly from engineering concept to physical product and Qualcomm’s expertise in efficient, high-performance computing.

          The first BlueChip laptop is not intended to compete for space in every backpack or coffee shop. Its early customers will likely be institutions that care deeply about security, reliability and control over their technology supply chains.

          But the larger ambition reaches far beyond a single device.

          If BlueChip succeeds, Anduril and Qualcomm will have created more than an American-made computer. They will have helped restore the suppliers, production knowledge and technical workforce required to build the next one.

          For a company accustomed to tackling difficult national-security problems, the laptop may be one of Anduril’s most practical ideas yet.

          Sometimes rebuilding an industry begins with reopening the machine.

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

          🤝 Venture Deals

            LA Companies

            • StimCardio raised an oversubscribed $30M Series A led by Metis MedTech, with participation from Catalyst Health Ventures and other investors. The Los Angeles medical device company will use the funding to advance a pivotal study of Rhyvive, its investigational wrist-worn therapy designed to reduce recurring atrial fibrillation after catheter ablation, and prepare for an FDA submission. - learn more
            • Gardena-based Neuron Industries raised an oversubscribed $10M seed round co-led by FCVC and Obvious Ventures, with participation from Y Combinator, Thin Line Capital, Zee Prime Capital and Founder Factor. The company will use the funding to develop and launch its AI-powered industrial control platform, expand its product line and establish domestic production as it works to help engineers automate new factories and machinery more quickly. - learn more
            • Offe Market raised a $3M seed round led by Slauson & Co., bringing the off-price retail marketplace’s total funding to $4.3M. The company will use the capital to expand its commerce platform with AI-powered pricing and inventory tools, personalized recommendations and live shopping features designed to help brands sell excess merchandise without sacrificing control over presentation or pricing. - learn more
            • Loamy raised a $6M seed round led by Zeal Capital Partners, with participation from LA investors Slauson & Co., Supply Change Capital and Amplify.LA, bringing its total funding to $10M. The company will use the capital to expand its engineering and sales teams, advance its AI platform and enter additional food categories as it helps growers, packers and distributors reduce waste and prevent rejected shipments. - learn more

            LA Venture Funds
            • MaC Venture Capital co-led Rendezvous Robotics’ oversubscribed $20M seed round alongside Toyota Ventures, marking the space startup’s first priced financing. The company will use the funding to develop its next-generation modular spacecraft, expand its team and prepare for flight demonstrations of technology that allows spacecraft components to assemble and reconfigure autonomously in orbit. - learn more
            • BOLD Capital Partners participated in General Compute’s $100M Series A, which was co-led by Blackbird and Abstract. The company will use the funding to scale its AI inference cloud, which deploys specialized chips from companies including Cerebras, SambaNova and Positron AI to help customers run AI workloads faster without managing the underlying infrastructure. - learn more
            • Mantis Venture Capital participated in Vera Health’s $28.5M Series A, which was led by Threshold Ventures and brought the clinical AI company’s total funding to $32M. Vera will use the capital to strengthen its medical-evidence infrastructure, enter new healthcare markets and expand partnerships with medical societies, publishers and health systems. - learn more

            LA Exits

            • Breastfeeding platform Swehl was acquired by Willow Innovations alongside infant-feeding technology company Momtech, with financial terms undisclosed. Swehl’s educational resources and community programs will anchor Willow World, a new platform designed to expand Willow’s business beyond wearable breast pumps and support mothers across more of the postpartum journey. - learn more
            • SmartLess Mobile was acquired by Noble Mobile and will transition to the Noble brand as the companies combine their efforts to offer simpler, more affordable wireless service. Existing customers will retain their plans, prices, phone numbers and T-Mobile 5G coverage, while gaining the ability to use their data in Mexico and Canada at no additional cost; financial terms were not disclosed. - learn more

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