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Saviynt Taps Microsoft Vet For Advisory Board

socalTECH

Los Angeles-based Saviynt , a venture backed developer of cybersecurity software for the hybrid cloud, said on Tuesday that it has added Jim DuBois, the former CIO of Microsoft, to its board of advisors. Saviynt said that DeBois had been at Microosft for over 24 years. Amit Saha is CEO of Saviynt. READ MORE>>.

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Cedars-Sinai Backs Censinet In $7.8M For Risk Management

socalTECH

Los Angeles-based Cedars Sinai is one of the major backers of a new startup, Censinet , in the company's Series A funding. The funding also included seed investors Schooner Capital, LRVHealth and Excelerate Health Ventures. The funding also included seed investors Schooner Capital, LRVHealth and Excelerate Health Ventures.

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Fintech giant Klarna raises $639M at a $45.6B valuation amid ‘massive momentum’ in the US

TechCrunch LA

Previous backers include Sequoia Capital, SilverLake, Dragoneer and Ant Group, among others. and plans to use its new capital in part to continue to grow there and globally. in markets such as New York and Los Angeles. The new valuation represents a 47.3% Klarna confirms new $31B valuation.

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ZestFinance Gets $150M In Debt Financing

socalTECH

Los Angeles-baesd online lender ZestFinance said today that it has raised $150M in debt financing, from Fortress Investment Group. ZestFinance was founded by Douglas Merrill, former CIO of Google; the company is venture backed by Peter Thiel, Matrix Partners, Kensington Capital Holdings, and Eastward Capital Partners.

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Local Angels Back Scripted.com

socalTECH

A number of Southern California angel investors, including Jody Mulkey , the CIO of Shopzilla, have backed Scripted.com , a new online marketplace for freelance writers. Scripted.com, which is led by Sunil Rajaraman, also counts Break Media's Keith Richman as an advisor, along with actor/writer/director Edward Burns. READ MORE>>.

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Scripted.com Finds $150K

socalTECH

The firm--which grew out of the efforts of USC and UCLA grads--said the funding was led by former Redpoint Ventures EIR David Wu, and also included Crosslink Capital, Shopzilla CIO Jody Mulkey and Liveops Founder Douglas Feirstein. READ MORE>>.

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Fliptu Gets $1.2M For Social Aggregation Tools

socalTECH

Los Angeles-based Fliptu , the developer of social aggregation tools for music and entertainment brands, has raised $1.2M The startup--led by Jeremy Gocke--said the funding came from Scout Ventures, Rick Dalzell (former Amazon CIO), Rich Heise (early Groupon investor), Hivers & Strivers, Kelly Perdew, and other angels.

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