Tue.Sep 21, 2021

ServiceTitan Boosts Board

socalTECH

Los Angeles-based software developer ServiceTitan, which develops software used by tradespeople to manage their business, has bolstered its board, in a hint of an eye on an exit. The company said it added Diya Jolly, Chief Product Officer at Okta, and Sameer Dholakia, Former CEO of SendGrid to its board of directors, and also said it recently crossed $250M in ARR, with over 1,600 employees and 7,500 customers.

Just raises $8M in its effort to beat Root at the car insurance game

TechCrunch

Just Insure , a pay-per-mile insurance technology company, has raised $8 million in a funding round. . CrossCut Ventures, ManchesterStory and Western Technology Investments co-led the investment, which brings its total raised to $15.3 million since its January 2019 inception.

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Savyint Snags $130M For Identity Management

socalTECH

Los Angeles-based Savyint, which develops identity and access management software for the enterprise market, has raised $130M in a new financing, according to the company. The new funding came from HPS Investment Partners and PNC Bank. The company says it has now raised $170M in total capital. The company said it will use the funding to grow its investments in R&D and personnel. Savyint is led by CEO Amit Saha.

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858 Therapeutics Exits Stealth Mode With $60M Funding

socalTECH

San Diego-based 858 Therapeutics, a biotech startup focused on small molecules, has exited stealth mode and announced a $60M, Series A funding. According to the company, the funding was led by founding investor Versant Ventures, with participation from NEA, Cormorant Asset Management and Logos Capital. The startup said it is developing a portfolio of small molecules directed against novel therapeutic targets in oncology, including proteins that regulate RNA and the innate immune response.

Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19

Office leases are one of companies’ largest expenses, and if your whole team is working from home with no clear end in sight, you may be wondering what to do about your lease.

Assembly Joins Billion Dollar Unicorns After Strategic Investment

socalTECH

Los Angeles-based e-commerce software developer Assembly has joined the ranks of the local unicorn startups, according to the company, after getting a "significant capital injection" from Advent International. The company said it now surpasses $1 billion in valuation after the round. The company did not say how much Advent International invested in the company. Assembly is led by co-founder and CEO Sandeep Kella.

CreatorIQ Acquires Tribe Dynamics

socalTECH

Los Angeles-based influencer marketing company CreatorIQ announced this morning that it it has acquired Tribe Dynamics, a developer of marketing analytics software. Financial details of the acquisition were not announced. CreatorIQ said the buy will create a company with over 450 customers, 250 employees, and $90 million in funding. Igor Vaks is founder and CEO of CreatorIQ.