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NXCR, Led By Scott Painter, Scores $30M In Seed Funding

socalTECH

Los Angeles-based NXCR, a new, subscription car startup led by automotive startup veteran Scott Painter, has raised $30M in a seed funding, based on an internal employee email obtained by socaltech. According to the email from Painter, the funding is the company's first external equity financing.

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Indpenda Gets Seed Funding, Launches

socalTECH

San Diego-based Independa , a startup developing products to help senior citizens live independently longer via technology, said this week that it has received a second round of seed funding, and launched its products. Amount and source of the funding was not disclosed. READ MORE>>.

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Independa Gets Seed Funding, Launches

socalTECH

San Diego-based Independa , a startup developing products to help senior citizens live independently longer via technology, said this week that it has received a second round of seed funding, and launched its products. Amount and source of the funding was not disclosed. READ MORE>>.

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Weblife Acquired By ProofPoint For $66M

socalTECH

Proofpoint said it will use the acquisition to extend its email malware protection to users' personal email accounts. Weblife was venture backed by a new, venture capital investment firm in Los Angeles, Nordic Eye, which has offices in both LA and Copenhagen. Nordic Eye said it invested $3.0M

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XOKind Finds $1.6M For AI Travel Agents

socalTECH

in a seed funding round, and emerged from stealth mode, the company said today. The startup said it is developing AI agents which will learn users' travel preferences via their calendars, emails, and photos, as well as their social media and in-app interactions. Nervana Systems was acquired in 2016 by Intel. READ MORE>>.

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Wildfire Systems Aims to Monetize Social Messages

socalTECH

Wildlink said that it is using such techniques as including natural language processing to detect product referrals and automatically transform them into trackable links across email, text messaging, chat, and social messaging. The startup is backed by Mucker Capital, which led a $2M seed funding round in the company in 2017.

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Why You Don’t Want to Give Financial Information to All of Your Investors

Both Sides of the Table

We all know that funding markets have changed for startups. The trends are well understood: more angels, more seed funds, more crowdsourcing and so forth. So I recommend a high-level “state of the company” email a couple of times a year but a message that you assume might get shown to others. You betcha.