Boring Co. hires in Las Vegas; LightSail mission continues; Upfront finances sixth 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.
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.
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 firstname.lastname@example.org or (323) 556-8335. Follow him on Twitter @samsonamore.
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