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Numerade Labs Raises $26 Million for AI Ed Tech

L.A. Business Journal

Santa Monica-based education technology platform Numerade Labs Inc. raised $26 million in Series A funding for its artificial intelligence-driven tutoring platform.

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Formative Finds $70M In Series A

socalTECH

Santa Monica-based Formative, a developer of software used by K-12 teachers to assign and track homework assignments, has raised $70M in a Series A funding, the company said today. The funding was led by Summit Partners, and also included Emerson Collective, Fika Ventures, Mac Ventures and Rethink Education.

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TaskUs Takes $15M In Funding

socalTECH

Santa Monica-based TaskUs , the startup led by Bryce Maddock which is the secret weapon behind the rising tide of on-demand and Internet startups, has raised $15M in a funding round, the company disclosed today. The funding came from Phillipnes-based private equity investor Navegar. READ MORE>>.

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Revolution Prep Raises $4M In Funding

socalTECH

Santa Monica-based Revolution Prep , a provider of online tutoring and test prep services, announced on Monday morning that it has raised $4M in funding. The funding was led by Kennet Partners, an existing investor in the company, plus angels Jeffrey Cohen and Scott Kirkpatrick.

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EduFire Heads North, Gains Funding

socalTECH

eduFire , an startup which offers online video classes, apparently has relocated to Menlo Park from Santa Monica, after raising $1.3M in a Series A funding. The firm's web site now lists Menlo Park as its headquarters, after it raised funding from Battery Ventures, Western Technology Investment, and angel Gokul Rajaram.

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Vision Internet Gets Private Equity Investment

socalTECH

Santa Monica-based Visio Internet , which develops Internet sites for governments, has raised a round of growth capital, according to the company. The funding came from Caltius Equity Partners. As part of the funding, Vision Internet said it has named David M. Size of the investment was not disclosed. Nachman as its CEO.

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upStart.LA Merges With Cross Campus

socalTECH

Los Angeles business accelerator program upStart.LA , one of numerous startup acceleration and incubation efforts to start in the last year in Southern California, is merging with a startup in Santa Monica, Cross Campus. According to a note to supporters form upStart.LA Cross Campus was founded by Ronen Olshansky and others.