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AlphaTrAI Applies AI To Investment Management

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San Diego-based AlphaTrAI , a fintech startup which is backed by venture capital investor Analytics Ventures, says it is launching its own, extrenal fund, and is expanding its leadership team. the founder of Hightree Advisors, to its advisory board.

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Sunstone Joins In $100M Funding For Supersonic Plane

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Long Beach-based investor Sunstone Venture Capital Fund says it has participated in the funding for supersonic airplane maker Boom Supersonic. Sunstone did not say how much it invested in the round, which was announced last week by Denver-based Boom Supersonic. Boom said its plane, the "Overture", will travel at Mach 2.2,

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Demand Media Nets $77.2M From IPO

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in net proceeds from the firm's IPO last week. The firm, which debuted on the NYSE as DMD, said it will use the new funding for investments in content, international expansion, working capital, product development, sales and marketing activities, general and administrative matters and capital expenditures.

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Sibling Capital Announces New Fund In Southern California

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Sibling Capital , a brand new venture capital based in Rancho Santa Fe, said this week that it has formed to invest in the areas of. The new fund said it made its first investment, part of an $80M investment in biopharmaceuticals firm Relypsa. Size of the new fund was not announced.

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EVgo Goes Public Via SPAC

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EVgo said that it expects to receive $575M in net proceeds, which it will use to fund and accelerate its growth strategy and network buildout.

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CODA Holdings Closes $147M Funding

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Los Angeles-based CODA Holdings , the developer of electric vehicles and battery systems, said late Monday evening that it has completed a $147M, Series D funding round. The firm said the new funding brings its total raised to more than $300M.

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Bluebeam Nets Local Angel Groups 20X Return

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Local angel groups have hit the jackpot again with an investment, this time with the October acquisition of Pasadena-based Bluebeam in a $100M deal by German software company Nemetschek AG. The Tech Coast Angels and the Pasadena Angels revealed today that their return on Bluebeam was 20x for angels who participated in funding Bluebeam.