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Prime Focus Technologies Gets Private Equity Investment

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Los Angeles-based Prime Focus Technologies , a developer of ERP software for the media industry, says it has received its first round of funding from private equity investor Ambit Pragma. The company has a significant presence in India, with headquarters here in Culver City. Size of the investment was not announced.

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Privlo Gets $350M In Debt For Technology Driven Mortgage Loans

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Los Angeles-based Privlo , a technology driven startup offering up mortgage loans to consumers, said this week that it has raised $350M in a debt financing round, along with $3.8M The equity funding came from Spark Capital and QED Investors; source of the debt funding was not announced. The company is led by Michael Slavin.

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Parallel Systems Picks Up $49.55M For Autonomous Trains

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Culver City-based Parallel Systems, a startup developing autonomous train and transportation technology, said today that it has raised $49.55M in a Series A funding round. The funding was led by Anthos Capital, and also included Congruent Ventures, Riot Ventures and Embark Ventures.

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Getaround Expands Car Sharing Service To LA

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The San Francisco company's service works through something called Getaround Connect, technology which allows renters to locate and unlock a car using an iOS or Android smartphone app. The company had a soft launch in LA in March to onboard the first 50 car owners onto its platform. READ MORE>>.

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Indi Molecular Raises $1.5M For Antibody Startup

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Culver City- and Seattle-based Indi Molecular , a startup developing a synthetic replacement for antibodies, has raised $1.5M Indi Molecular''s technology is based on PCC (protein catalyzed capture) agent technology licensed from the California Institute of Technology. in a seed funding round. READ MORE>>.

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Sofie Biosciences Lands $5M In Series A

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Culver City-based molecular imaging products maker Sofie Biosciences said Tuesday that it has raised $5M in a Series A funding round. The funding was led by Tata Industries, and also included MRM Capital and the Cycad Group. sofie biosciences venture capital lifescience molecular diagnostics positron' READ MORE>>.

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Ordermark Gets $18M In Series B

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Culver City-based Ordermark , which develops software to help restaurants manage the orders and headache of having to deal with multiple, disparate, mobile delivery services, has raised $18M in a Series B funding, the company announced on Monday morning.