Friday, October 14, 2022

FP Solutions Takes $3M For Hardware Startup Accelerator

Los Angeles-based FP (First Principle) Solutions announced on Friday that it has raised $3M in a seed funding round, to back its efforts to create a new, hardware-focused accelerator. According to the company, it itends to "further develop the hardware startup ecosystem" in Los Angeles. The accelerator is led by founding partners KC McCreery and Lewis Hong, who have served at Tesla and SpaceX, according to First Principle Solutions. The company says it is focusing initially on Space Technology, Green Energy and Sustainability, and Robotics Automation.