palantir

palantir

Andria Moore

Over the past six years, the LAPD spent millions in FEMA funds on automated license plate readers, predictive policing software and other spy tech, according to a new report. Authored by Action Center on Race and Economy (ACRE), the report focused on a counter-terrorism grant program under FEMA known as the Urban Area Security Initiative (UASI). First created in 2003, the UASI was designed to help the largest cities beef up their emergency preparedness agencies and prevent acts of domestic terrorism.

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Bracket Capital, a Beverly Hills-based investment management firm focused on acquiring secondary shares in later-stage tech companies like SpaceX and Bird, announced Wednesday it has raised nearly half a billion dollars in equity.

The firm will split the cash between two funds, a traditional $150 million fund and another $350 million one that will co-invest alongside other firms.

Rather than buying stakes directly in startups, the firm said 80% of its shares come from snapping up existing shares. Those often come from early employees – tired of waiting for their company to go public – who are looking to cash out some of their equity so they can buy a house or pay for tuition.

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