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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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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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Former Avast CEO Steckler Dies Unexpectedly In Irvine

socalTECH

Vince Steckler, the former CEO of cybersecurity software developer Avast, has unexpectedly died in a car accident in Irvine, according to the software developer. According to Avast, Steckler passed away in a tragic car accident in Irvine, California, on June 15, 2021, at the age of 62.

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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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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.

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LogicMonitor Names New CEO

socalTECH

Santa Barbara-based software developer LogicMonitor says it has named Christina Kosmowski as the company's new CEO, succeeding former CEO Kevin McGibben. According to LogicMonitor, it saw more than $150M in annual, recurring revenues and 50 percent year-over-year growth in 2021. Kosmowski was most recently President of the firm.

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Shield AI Sets Up Shop In UAE

socalTECH

San Diego-based Shield AI, which is developing artificial intelligence software for automated drone piloting, says it has set up an office in the UAE, led by a former Navy SEAL Vice Admiral. Harward is a retired United States Navy Vice Admiral (SEAL) and a former Deputy Commander of the United States Central Command.