This is confusing to me. Btw, Manhattan Beach is either considered part of California's so-called Silicon Beach or it's close enough since MB is right next to it according to the definition below.

"...third in addition" - hmm, maybe they mean this is their 3rd addition as in they've added offices in Newport Beach and Manhattan Beach in CA and then the Utah location. So, three offices added . Of course, they have four total when you include Hollywood.

Quote:

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Software and technology startups encompass the next largest Silicon Beach segment, representing 17% of companies in the analysis. These SaaS and on-demand technology solutions serve a variety of industries, such as education, telecommunications, real estate, and more.
LA’s devotion to health trends also leads to a greater focus on wellness, pharmaceuticals, and healthcare solutions, spearheaded by companies, such as Headspace, Ritual, and Puma Biotechnology.

Giants Like Snap Inc. And SpaceX Tip The Scale
When breaking down funding by category within Silicon Beach, a slightly different picture emerges. Social companies (consumer-facing platforms, networks, or digital tools that connect people or support them in connecting with others), appear to attract an outsized percentage of Silicon Beach funding. However, this percentage is dramatically impacted by Snap Inc., which represents over 90% of funding to the Social companies tracked in this study.

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http://mediakix.com/silicon-beach-map/#gs.78oojv