1
Despite a vigorous recall campaign, Los Angeles Councilmember Kevin de Leon emerged, as signature collection fell short by approximately 10,000, leaving the recall question off the ballot.
2
LA-based satellite launching company Virgin Orbit filed for Chapter 11 bankruptcy protection following difficulty securing long-term funding and a failed launch in January.
3
Flyby Robotics, the LA-based drone automation company, raised
$4M in pre-seed funding led by MaC Venture Capital and announced plans
to launch its automated drone delivery technology with retail food
partners in Arizona.
4
Wellth, founded in 2014, secured
$20M in Series B funding for its health-based startup that aims to
simplify and help people with chronic health conditions form healthy
habits to improve their lives.
5
In an effort to enhance security, the LA Metro announced its testing of a classical music pilot program to prevent loitering, crime, and homelessness at its stations.
6
LA-based Sweetgreen has renamed its "Chipotle Chicken Burrito Bowl" to "Chicken + Chipotle Pepper Bowl" after being sued by Chipotle for trademark infringement, as part of a tentative agreement to resolve the lawsuit.
7
Carbon credit fintech firm Aspiration announced a company-wide restructuring
that will lead to the layoff of around 180 employees, more than half of
the company's staff, to streamline the business amid current economic
conditions and limited available capital.
