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GoGuardian Reaches $1 Billion Valuation With Latest Investment

L.A. Business Journal

GoGuardian, an El Segundo-based educational technology company, has raised $200 million from a New York-based private equity firm in a deal that values GoGuardian at well over $1 billion.

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Upromise Acquired By LA's Prodege

socalTECH

El Segundo-based consumer rewards program operator Prodege , led by longtime SoCal technology veteran Chuck Davis, said Monday morning that it has acquired Upromise , the popular college education-saving rewards business which was owned by SLM Corporation (Sallie Mae). Financial terms of the acquisition were not announced.

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CUJO AI Gets Funding Injection

socalTECH

El Segundo-based CUJO AI , a developer of artificial intelligence-based cybersecurity software for telecom network operators, has raised a round of growth capital from KPN Ventures, the company said this morning. Size of the investment, which was part of a larger Series B investment, was not announced.

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Slingshot Aerospace Raises $3.25M

socalTECH

The round also included investments from Okapi Venture Capital and Sway Ventures, along with Stage and NoName Ventures. Slingshot said its technology recently was used by BAE Systems and Team Rubicon during Hurricanes Harvey and Irma, to analyze flooding severity as well as to identify the safest possible escape routes and staging areas.

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Geosemble Technologies Nabs Investment From In-Q-Tel

socalTECH

El Segundo-based Geosemble Technologies , a developer of geospatial data integration and mapping software, said today that it has received a strategic investment from In-Q-Tel, the venture capital arm of the CIA. Size of the investment was not disclosed.

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NEOGOV Snags Funding From Warburg Pincus

socalTECH

El Segundo-based NEOGOV , the developer of human resources automation software for the public sector, has raised a round of growth equity from private equity investor Warburg Pincus. Size of the investment round was not announced. NEOGOV has made the Deloitte Technology Fast 500 list for a number of years. READ MORE>>.

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Plant-Based Burger Maker Beyond Meat Cooks Up Plans for an IPO

Xconomy

We’ll soon find out if Wall Street has the appetite for investing in alternative meat technology. The El Segundo, CA-based company set a preliminary target of $100 million for the stock offering, a figure that will likely change as the company moves closer to its stock market debut.