SoCal’s defense startups secure vital funding boost

SoCal’s defense startups secure vital funding boost

A bill restoring crucial federal funding to defense startups in Southern California is on its way to the president’s desk after making it through Congress on Tuesday. The Small Business Innovation and Economic Security Act was passed following a months-long impasse over funding the Small Business Innovation Research (SBIR), the Small Business Technology Transfer (STTR)…

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Anduril set to acquire Orange County space surveillance company

Anduril set to acquire Orange County space surveillance company

Southern California defense tech darling Anduril Industries has struck a deal to buy Orange County space surveillance firm ExoAnalytic Solutions. The purchase for an undisclosed sum is meant to boost Anduril’s capabilities in space domain awareness, battle management and fire control. With the deal, Anduril will absorb ExoAnalytic’s network of 400 commercial telescopes around the…

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Netflix buys Ben Affleck’s AI film tech company, InterPositive

Netflix buys Ben Affleck’s AI film tech company, InterPositive

In 2022, Ben Affleck became so fixated on AI in film production that he quietly launched his own film tech company, InterPositive. Netflix brought the startup into the spotlight Thursday morning as it announced the full acquisition of the company. InterPositive’s mission, which focuses on developing “AI-powered tools built by and for filmmakers” and using…

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