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Red 6 Lands $30M In Series A Funding

socalTECH

Santa Monica-based Red 6, which is developing augmented reality (AR) technology used to provide air combat training, said today that it has raised $30M in its Series A funding round. The company said the funding gives it a $130M post-cap valuation. The funding was led by Snowpoint Ventures, an existing investor in Red 6.

Funding 124
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GoFreight Connects With $23M

socalTECH

The funding came from Flex Capital, Headline, plus LFX Venture Partners, Palm Drive Capital and returning investors Mucker Capital, Cornerstone Ventures and Red Building Capital. The company is led by co-founder and CEO Trenton Chen.

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Red 6 Snags $7M For Augmented Reality Air Combat Systems

socalTECH

Santa Monica-based Red 6, which is developing augmented reality air combat training systems, announced this morning that it has raised $7M in a funding round. The company said the funding was raised via a financial arrangement called a SAFE (Simple Agreement for Future Equity). Red 6 is led by founder and CEO Daniel Robinson.

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FlyMachine raises $21 million to build a virtual concerts platform for a post-pandemic world

TechCrunch LA

The funding has been led by Greycroft Partners and SignalFire, with additional participation from Primary Venture Partners, Contour Venture Partners, Red Sea Ventures, and Silicon Valley Bank. The virtual concert industry didn’t have as big of a lockdown moment as some hoped for.

Platform 310
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Tango Takes $5.7M For Documentation Management

socalTECH

The company said the round was led by Wing Venture Capital, and also included General Catalyst, GSV Ventures, Outsiders Fund, and Red Sea Ventures. The company says it now has thirteen full-time team members on its team. A new, Los Angeles-based startup, Tango, said this morning that it has raised $5.7M

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What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

But what IS the right amount of burn for a company? Burn rate in case you don’t know is the amount of money a company is either spending (gross) or losing (net) per month. (it Conversely if you’re burning $600,000 per month (yes, some companies do) then you only have 5 months of cash left. Gross Burn vs. Net Burn.

Startup 383
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Pipeline Therapeutics Finds $80M In Series C Funding

socalTECH

The funding included Perceptive Advisors, Franklin Templeton, Casdin Capital, Samsara BioCapital, Suvretta Capital, Red Tree Venture Capital, plus Versant Ventures, Sectoral Asset Management, Cleva Pharma (a Brace Pharma affiliate), Hadean Ventures, RBV Capital and Helicase Venture, as well as several other undisclosed investors.

Funding 113