A record 219 companies went public through this fundraising vehicle that uses a reverse merger with an existing private business to create a publicly-listed entity. This accounted for more than $73 billion dollars of investment, providing private equity startups a new outlet to raise capital and provide shareholder liquidity.
The aerospace, defense, and automobile industries have long been reliant on obsolete processes for hardware design and manufacturing that do not harness technology. First Resonance, launched by former SpaceX engineers, is the modern manufacturing intelligence platform that allows next-gen hardware companies to innovate, iterate, and get products to market faster with unprecedented real-time visibility into production status. Replacing spreadsheets, documents, and costly legacy manufacturing processes, First Resonance’s ion Factory Operating System leverages data science, API integration, and machine learning to provides flexibility and collaboration between knowledge teams in established manufacturing workflows. LA TechWatch caught up with CEO and Cofounder Karan Talati to learn more about First Resonance, its impact on manufacturing, how its platform built with engineers and technicians in mind, and the company’s future plans as its emerges out of stealth.
Two constants have guided my professional life: venture capital and real estate. Every year, I eagerly await to see which portfolio will produce greater returns. Today, in the words of the great (fictional) New Yorker George Louis Costanza, “Worlds are colliding!” Enertiv, a New York Angels investment, keeps growing with an impressive client list of property managers and […]