LA tech startups rebounded in a big way during the month of September, collectively bringing in more than $681 million in funding during the month. Here are the top five rounds:
5. $27.9 million, September 18
Bio: Santa Monica-based Sixgill, a company that creates sensor data services for governing Internet of Everything applications, closed a $27.9 million Series B in the middle of the month, bringing the company's total fundraising to just shy of $34 million. The startup said it plans to use the money to continue to develop its sensor data management platform and product suite, as well as scale its team to meet demand.
4. $29 million, September 20
Bio: Securonix, a cybersecurity startup with dual headquarters in LA and Addison, Texas, closed its $29 million Series A in what proved to be a big-time month for local security startups. Founded in 2008, the company's platform mines, enriches, analyzes, scores and visualizes customer data to provide businesses with intelligence based on the highest risk threats.
3. $85 million, September 22
Bio: Arts District-based Hyperloop One has raised another huge round of funding. The company's $85 million Series B-1 — led by new and existing investors Caspian VC Partners (as a part of Summa Group) and OurCrowd.com — pushes its total amount raised to north of $225 million.
2. $200 million, September 20
Bio: SecurityAuth had some huge news to share this September. Recently, the company announced plans to merge with Boston-based Core Security Technologies — pending approval from the U.S. Government — but the Irvine-based startup didn't stop there. The company also revealed that it had raised $200 million in private equity to become one of the largest independent security technology vendors on the market.
1. $270 million, September 20
Bio: Leading the pack this month is Venice-based adtech startup System1, which announced it had raised $270 million in private equity to continue to grow its product suite and team. Court Square Capital Partners led the round of funding.
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