A handful of companies are making new developments in the LA tech sector in areas across the board. Read on for the latest news. This is the Built In LA weekly refresh.
Pipe secured $50M. This trading platform helps companies access their booked revenue by converting MRR into ARR cash flow. Having added new services since its public launch, Pipe announced the close of a strategic equity financing round led by Raptor Group and Next47. With the fresh cash, Pipe is looking to further new partnerships as it pursues international growth. [Built In LA]
NuORDER raised $45M. The company works to help businesses establish an online presence by providing them with the tools they need to stay afloat in today’s digital world. NuORDER closed on a new round of funding co-led by Brighton Park Capital and Imaginary Ventures that it plans to put toward meeting demand as it expands internationally. [Built In LA]
LA Tech Quote of the Week
Belkin is moving to El Segundo. In relocating its HQ from Playa Vista, the consumer electronics company is looking to establish a hybrid work environment featuring outdoor lounges, a coffee shop, the flexibility to work from home and more. Its new office will also focus on sustainability. Currently, Belkin is hiring for roles in marketing, sales, product and engineering. [Built In LA]
Criteria Corp acquires Alcami Interactive. As remote work has increased, so has the need for video interviewing software. Looking to address this shift is Criteria Corp. The people analytics company is acquiring Australia-based Alcami in order to offer customers Alcami’s video interviewing services via its platform. [Criteria Corp]
