Boring Co. hires in Las Vegas; LightSail mission continues; Upfront finances sixth fund

Upfront Secures $400 Million Fund

Santa Monica-based investment firm Upfront Ventures has raised a $400 million fund, the company's sixth fund since it launched in 1996. Upfront now has more than $2 billion in capital under management and will use the new fund to continue investing in seed and early stage companies and startups, prioritizing Los Angeles-based companies.

Boring Co. Expands Las Vegas Footprint

Tunneling outfit Boring Co. is hiring engineers, security guards and more to help construct and manage a tunnel project in Las Vegas that will transport people to the city's convention center. Socaltech reports the company is also actively hiring for positions at its Hawthorne headquarters.

LightSail Mission Progresses

Pasadena-based Planetary Society's LightSail 2 spacecraft was launched into space via a SpaceX Falcon Heavy rocket last week and is now orbiting the Earth on its own. TechCrunch reports the craft will soon deploy its "sail" mechanism, a reflective sheet that will use photons emitted by the sun to power its orbit.

Tech reporter Samson Amore can be reached at samore@labusinessjournal.com or (323) 556-8335. Follow him on Twitter @samsonamore.

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