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Retina AI Raises $8 Million in Series A

L.A. Business Journal

Santa Monica-based analytics company Retina AI Inc. has raised $8 million in Series A funding for its artificial intelligence platform for consumer insights.

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Arrive Adds Resale Features To E-commerce Platform

socalTECH

Santa Monica-based Arrive, a developer of a technology and reverse logistics services, says it has added resales to its enterprise rental platform. The company's product is focused on what the company says is roughly 25% of e-commerce orders are returned which cannot be resold full--price.

Commerce 113
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Bird Introduces City Management Platform, New Hires

L.A. Business Journal

Santa Monica e-scooter operator Bird Rides Inc. announced its new platform to help cities manage the influx of their scooters. Called GovTech, the platform was announced Aug. 29, the day before Santa Monica announce the companies chosen to participate in its city-wide shared mobility pilot program.

Platform 113
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Guesty Raises $50 Million for Vacation Rental Management Platform

L.A. Business Journal

With public health restrictions easing and the summer travel season approaching, Santa Monica-based Guesty Inc. is gearing up for what the company calls the “hypergrowth” of its business developing software for vacation rental hosts.

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Forge Platform Finds $1M For Ethereum SDK

socalTECH

Santa Monica-based Forge Platform , which is developing software development kits used for Ethereum, has raised $1M in a seed funding, the company disclosed on Wednesday. The company was founded by Chris Lorenz, Geoffrey Anderson, and James Borow. The funding came from Manta Ray Ventures and Upfront Ventures.

Platform 113
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InvolveSoft Gets $2.5M For Employee Volunteering Platform

socalTECH

Santa Monica-based InvolveSoft , which develops software to help companies encourage their employees to volunteer for events and help contribute to their local communities, has raised $2.5M in a funding round, the company said this morning.

Platform 100
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TrueCar Sales Fall Amid Supply Chain Shortages

L.A. Business Journal

Santa Monica-based automotive technology platform TrueCar Inc.’s s sales tumbled as supply chain issues rocked the company, according to its third quarter earnings report.

Truecar 130