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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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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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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
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Champion Technology Gets Investment From R9B

socalTECH

Santa Monica-based Champion Technology , which develops an artificial intelligence-powered software product for the cybersecurity area, to help improve cyber security analysis, has received a strategic investment from R9B (root9B, LLC), a provider of cybersecurity products and services. Size of the investment was not announced.

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Headspace Names New CTO

socalTECH

Santa Monica-based mindfulness and meditation app developer Headspace said on Wednesday thati thas named Krithika Swaminathan as its new Chief Technology Officer. Swaminathan was most recently Vice President for Artificial Intelligence at Intuit. She also served at Borland Software, Citrix, and Compuware.

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symplr Acquires Halo Health

socalTECH

Symplr, the enterprise healthcare software company owned by Santa Monica-based private equity investor Clearlake Capital Group, said this morning that it has agreed to acquire Halo Health, a provider of clinical communication and collaboration software. Financial details of the transaction were not announced.

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Tala Raises $110 Million Series D

L.A. Business Journal

Santa Monica-based financial technology startup Tala completed a $110 million Series D raise to expand its market reach in India and continue developing its mobile micro-lending platform.