L.A. Business Journal

JUNE 1, 2021

Aerospace company Red 6 raises $30 million in a Series A round to fund its augmented reality military training technology.

Training 264

Training Funding Technology Company 264

socalTECH

JUNE 1, 2021

Santa Monica-based Red 6, which is developing augmented reality (AR) technology used to provide air combat training, said today that it has raised $30M in its Series A funding round. The company said the funding gives it a $130M post-cap valuation. The funding was led by Snowpoint Ventures, an existing investor in Red 6. According to Red 6, Snowpoint contributed $25M of the round, with an additional $5M from other investors.

Funding 124

Funding Santa Monica Training Technology 124

socalTECH

JUNE 1, 2021

Playa Vista-based iLife, a startup which is developing tools to help life insurance agents set up their own, branded "digital insurance agency", has raised $4M in a seed funding round, according to the company. iLife said the funding was led by Foundation Capital, and also include AME Cloud Ventures and Cherubic Ventures. iLife was founded and is led by CEO Nelson Lee.

Sales 113

Sales Seed Funding Startup Tool 113

socalTECH

JUNE 1, 2021

Santa Barbara-based software developer FastSpring--best known for its e-commerce software tools--says it is expanding its offerings, and will offer up support to B2B, software-as-a-service and downloadable software companies with sales team. The company said the new expansion includes digital invoicing products, and other enhancements that allow companies consolidate their payments, subscription management, recurring billing, localized pricing, and account and order management into one place.

Platform 113

Platform Santa Barbara Commerce Pricing 113

Advertiser: Aggregage

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.

Company

socalTECH

JUNE 1, 2021

San Diego-based oncology therapeutics developer Mirati Therapeutics said this morning that it has received $65M in an upfront payment, as part of a deal with Chinese company Zai Lab. According to the to companies,t he two have entered into a collaboration to develop and commercialize Mirati's Adagrasib in Greater China. Mirati will receive $65M upfront, with up to approximately $273M in potential milestone payments and royalties.

San Diego 113

San Diego Develop Development Company 113

socalTECH

JUNE 1, 2021

Los Angeles-based Impervios Technologies, a developer of a software layer built on Bitcoin to enable "cryptographically secure, streaming, and censorship-resistant applications", said on Friday that it has raised a pre-seed financing. Size of the funding was not announced. The round was led by Trammell Venture partners, and also included Strategic Cyber Ventures, Ten-31, Deflation.vc, and Mike Doniger, Former Director of Research at Citadel Fundamental Strategies.

Funding 113

Funding News Research Los Angeles 113

socalTECH

JUNE 1, 2021

San Diego-based digital identity verification provider Mitek said on Monday that it has acquired ID R&D, a provider of artificial intelligence (AI)-based voice and face biometrics and liveness detection technology. According to Mitek, it will use the acquisition to help battle biometric identity fraud. The deal is worth $49M in stock and cash. According to Mitek, ID R&D's technology provides protection against deepfakes and synthetic voice augmentation.

Artificial Inteligence 100

Artificial Inteligence San Diego Acquisition Technology 100

socalTECH

JUNE 1, 2021

A new, Los Angeles-based dog care startup, Dogdrop, says it has started offering up one free week of doggy daycare services to new customers, as the economy begins to open up and people start going back to work. According to Dogdrop, it is looking to decrease the rate of dogs being returned to shelters by offering up reliable, affordable daycare services for dogs.

Customer 100

Customer Custom Technical Review Startup 100