The San Bernardino American Newspaper: 5G and the Bipartisan Infrastructure Law Could Help End the Digital Divide 

By Hazel Trice Edney, 4/12/22

The last two years have underlined what we already knew: the digital divide in America is real and has consequences for millions of Americans. An affordable, reliable connection is imperative in participating in the 21st century economy, and those families relying on mobile-only access are falling behind. Often, they cannot attend class online or seek a career opportunity that offers the possibility of working remotely. And as more services, job applications, and infrastructure moves online, the gap is only widening. 

Read the full article on Weekly Citizen.

Afrotech: Ray J Ventures Further Into The Tech Industry As He’s Reportedly Set To Launch A Digital Network

Ray J is creating his own lane. According to The Jasmine BRAND, the actor, singer, television personality, and entrepreneur will be launching a digital network. Although specifications on the new venture have not yet been disclosed, it’s been said that the network will feature original content.

Read the full article here.

San Diego Business Journal: Qualcomm Creates $100M Fund for Metaverse Development

Qualcomm Technologies, Inc. is upping its investment into the metaverse. On March 21, the San Diego-based company announced the creation of the Snapdragon Metaverse Fund – a $100 million investment designed to be a launchpad for extended reality (XR) developers and companies building the foundational technologies and content ecosystem to enable the metaverse.

Read the full article here.

LA Business Journal: Crowded Orbits Need Slingshot

Space agencies and commercial launch providers made 2021 a record-breaking year for space flight, launching more than 130 spacecraft and deploying thousands of satellites. With all these flying objects, Earth’s orbits are becoming crowded. Slingshot Aerospace Inc., based in El Segundo and Austin, Texas, is developing technology to address precisely this issue, and the company announced March 10 that it had raised $25 million in new funding to build its base of customers and enhance its signature collision avoidance system.

Read the full article here.

Times of San Diego: Tom York on Business: Israeli Earth Observation Firm Expands in San Diego

Israeli-based technology startup Asterra says it has moved its San Diego offices to larger digs on La Jolla Village Drive close to the Westfield UTC mall and UC San Diego campus. The earth observation company said in a news release that the move allows the company to continue its ongoing growth.

Read the full article here.

Built in LA: Yami Raises $50M Series B to Connect Shoppers to Asian Cultures

There truly is no place like home, but in a world where you can’t click your heels together three times to get there, clicking the “add to cart” button can bring home to you instead. Brea-based Yami was built to offer Asian Americans a quick way to access the comforts of home, from food items to household goods. The DTC marketplace has since grown in popularity with other American shoppers across the country, and Wednesday it announced its plans to expand its growing business with a new round of funding.

Read the full article here.

Community Partnership Chat: Beatriz Acevedo

Verizon’s Dr. Erica L. Jacquez discussed the importance of empowering the next generation of Latino leaders with Beatriz Acevedo, President of the Acevedo Foundation and Suma Wealth. In keeping with her father’s legacy, Beatriz works to create equitable access to capital, close the educational gap, and promote economic mobility and inclusion. Watch the full video to learn more!

dot LA: This Week in ‘Raises’: Two Santa Barbara Cybersecurity Startups Seal Big Series Bs

This week in “Raises,” a pair of Santa Barbara cybersecurity startups raised sizable Series B rounds, while a Beverly Hills online learning platform hauled nearly $30 million (and rolled out a name change, to boot).

Venture Capital
Theta Lake, a Santa Barbara-based cybersecurity startup, raised $50 million in Series B funding led by Battery Ventures.

Read the full article here.

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