funding | LA Today

Federal Lawsuit Challenging Hispanic-Serving Institution Funding Sparks Alarm Across California Colleges

Cassie DanleyJuly 8, 202508 mins

A significant legal challenge targeting the federal funding structure for Hispanic-Serving Institutions (HSIs) is causing considerable unease among colleges and universities across California. The lawsuit, which questions the very constitutionality of the funding model, names the U.S. Department of Education and U.S. Secretary of Education Linda McMahon as defendants. At the heart of the legal…

Mira Murati’s Thinking Machines Lab Achieves Stunning $10 Billion Valuation with Record $2 Billion Seed Funding

Cassie DanleyJune 22, 202506 mins

In a move that is sending ripples through the global technology sector, Mira Murati’s newly established venture, Thinking Machines Lab, has successfully closed a seed funding round of unprecedented scale. The company announced today that it has raised a substantial $2 billion, securing a valuation of $10 billion in this initial investment stage. This funding…

Major Downtown LA Grand Lyric Hall Project Secures Final Funding, Targets 2026 Opening

Sierra EllisJune 7, 202509 mins

Grand Lyric Hall Secures Crucial Funding Downtown Los Angeles is poised for a significant expansion of its cultural infrastructure with the announcement that the long-awaited Grand Lyric Hall project has successfully secured its final round of private funding. This critical financial milestone paves the way for accelerated construction on the ambitious new multi-tiered concert venue,…

Self Inspection Secures $3M to Revolutionize Vehicle Inspections with AI Technology

Han YasokiFebruary 24, 2025February 24, 2025010 mins

Revolutionizing Vehicle Inspections: How Self Inspection is Setting New Standards Revolutionizing Vehicle Inspections: How Self Inspection is Setting New Standards The automotive industry is undergoing a significant transformation, propelled by technological advancements that aim to streamline processes and enhance customer experiences. Among the myriad innovations, vehicle inspections stand out as a critical area ripe for…

Rapyd’s Funding Quest: Valuation Plummets from $9B to $3.5B

Bill CarterFebruary 9, 2025February 24, 202508 mins

Rapyd Financial Network’s Ambitious Push for $300 Million: Navigating a Shifting Valuation Landscape Rapyd Financial Network’s Ambitious Push for $300 Million: Navigating a Shifting Valuation Landscape In a move that has captured the attention of the fintech industry, Rapyd Financial Network is seeking to raise $300 million in a new funding round. This potential investment…

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Anduril Seeks $2.5B Funding at $28B Valuation Amid Growing Defense Tech Demand

Summer StoneFebruary 9, 2025February 24, 202507 mins

Anduril Industries Eyes Major Fundraising Boost Amidst Rapid Growth Anduril Industries Eyes Major Fundraising Boost Amidst Rapid Growth In a stunning display of confidence in the defense technology sector, Anduril Industries is reportedly in talks to raise an additional $2.5 billion, potentially elevating its valuation to as high as $28 billion. This news comes only…