California Invests $149 Million in Cutting-Edge Companies, Creating Nearly 6,000 Jobs | Governor of California

Funding Rounds

▤ Summary

California announced more than $149 million in grants and tax credits for 12 companies through its CalCompetes program. The awards will support expansions in semiconductor manufacturing, electric vehicles, electric aircraft, augmented reality, and artificial intelligence software. Several recipients plan to add major job counts and invest heavily in California operations over the next five years. The article also highlights that the program aims to keep innovative businesses in the state and leverage federal CHIPS Act funding.

$ Funding

$
Amount $10.0M Total raised
□
Date November 17, 2023 Announcement date
◎
Investors CalPERS, Infinera Lead investors
▥
Company https://helm.ai Funded company

▥ Classifications

industries
No industries detected
applications
AI & Machine learning

◇ AskAI Classifications

Labels
No AI classifications detected

▦ Linked Companies