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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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Weblife Acquired By ProofPoint For $66M

socalTECH

Los Angeles-based Weblife , a developer of secure, employee web browsing software, has been acquired by Proofpoint , in a $66M all cash deal, the companies announced today. Proofpoint said it will use the acquisition to extend its email malware protection to users' personal email accounts. Nordic Eye said it invested $3.0M

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Greycroft Backs ZenBusiness In $15M Funding

socalTECH

According to ZenBusiness, it raised $15M in its Series A funding, which was led by Greycroft, and also included Lerer Hippea, Revolution's Rise of the Rest Seed Fund, as well as Rosecliff Venture Partners, Interlock Partners, and Recruit Strategic Partners (RSP). Greycroft was already a seed investor in ZenBusiness.

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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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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.

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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 companyemail a couple of times a year but a message that you assume might get shown to others.

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Elementary Robotics raises cash to expand in Los Angeles’ growing robotics hub

TechCrunch LA

million in seed funding to begin building a manufacturing facility and expand its presence in Los Angeles as the city continues to grow as a hub for robotics and automation. . That was around 2017, when the two first began brainstorming how they would build their company. Elementary Robotics has raised $3.6