relativity space

relativity space

Relativity Space Reportedly Scores a $500M investment, valuing the company at $3.2B.

Hadrian Automation, a startup developing automated manufacturing plants for the aerospace and defense industries in the Los Angeles area, has raised $36.4 million in new funding, according to a Securities and Exchange Commission filing.

Hadrian, which is based in San Francisco but has operations in Hawthorne, secured the funding from a total of 28 different investors, according to the SEC filing. The identities of those investors were not disclosed. The startup previously raised a $9.5 million seed round last spring from the likes of Lux Capital, Founders Fund, and Construct Capital.

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Relativity Space Photo

Relativity Space, the startup that was founded in Seattle and is now building 3D-printed rockets in Southern California, has brought in a Microsoft executive to lead its growing software engineering team and expand upon its AI-powered “Factory Operating System.”

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Photo by Jack Finnigan on Unsplash

The L.A. tech scene is booming despite a year-plus pandemic and a string of natural disasters. Rocket makers, sneaker sellers and fusion power creators were among those that dominated the list of L.A. venture deals for the first half of 2021.

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