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Overall VC Fundraising Drops 33%, But AI Investment Surges

Tech.Co

billion across the first half of the year, second only to the same period in 2021, when Zero Interest Rate Policy (ZIRP) era saw rock-bottom rates at banks hoping to stimulate the economy. This time around, the responsible party is one that hadn’t even entered the public consciousness in 2021: Artificial intelligence.

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LA’s Replicated looks to increase R&D and hiring for its operations management software after raising $25 million

TechCrunch LA

The Los Angeles-based operations and security management software service, Replicated has raised $25 million to ramp up its staffing and scale its sales and marketing efforts. We brought on UIPath, Puppet, who created the software automation stuff, TripWire, and then these cool emerging software companies like FlatFile and Fishtown Analytics.”

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Upfront Ventures Raises > $650 Million for Startups and Returns > $600 Million to LPs

Both Sides of the Table

2021 saw phenomenal returns for our industry and it topped off more than a decade of unprecedented VC growth. Since 2021, Upfront returned more than $600 million to LPs and returned more than $1 billion since 2018. How do we plan to do it? Venture capital is a talent game, which starts with the team that’s inside Upfront.

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Classy: More Than $1.1 Billion Raised For Nonprofits

socalTECH

San Diego-based nonprofit fundraising software developer Classy says that more than $1.1 billion was raised by its nonprofit customers on its platform in 2021. The company--which helps nonprofits reach out to donors--said about $30.8 million of that was in recurring donations on its platform.

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Netflix employees stage a trans solidarity walkout, pose list of demands

TechCrunch LA

— Most (@Most) October 20, 2021. ” LOS ANGELES, CALIFORNIA – OCTOBER 20: Writer-director Joey Soloway speaks as trans employees and allies at Netflix walkout in protest of Dave Chappelle special on October 20, 2021 in Los Angeles, California. — Dana Herlihey (@danaherlihey) October 20, 2021.

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Canada’s newest unicorn: Clio raises $110M at a $1.6B valuation for legal tech

TechCrunch LA

Clio , a software company that helps law practices run more efficiently with its cloud-based technology, announced Tuesday it has raised a $110 million Series E round co-led by T. Historically, legal practice management software was limited to server-based solutions designed for enterprise businesses — not small law firms, Newton said.

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Apple Expands Testflight To MacOS

socalTECH

Apple announced on Monday at WWDC 2021 that it will be extending its Testflight beta testing service to the Mac and the MacOS platform. The software--which was previously only available on iOS--was originally developed in Southern California. Burstly, the developer behind Testflight, was acquired by Apple back in 2014.