West Coast tech businesses announced some major developments last week, from closing on new funding to claiming impressive spots on a list of high-growth companies. Find out what’s new on the Tinseltown tech beat. This is the Built In LA Weekly Refresh.
LA tech startups ranked on the Inc. 5000. LA companies innovating the tech space were well-represented on this year’s Inc. 5000 list of the nation’s fastest-growing companies. Each of the top five companies listed ranked within the top 200 spots. Out of 290 LA-area businesses, the highest-ranked tech company was coffee alternative brand MUD\WTR, which was ranked #30. [Built In LA]
GrayMatter Robotics secured $20M. Backed by a new Series A investment led by Bow Capital, robotics company GrayMatter will expand its team with a focus on engineering. The company develops software that helps robots perform automated manufacturing tasks, like finishing the surface of parts. The company’s goal is to save shop floor workers time for more valuable tasks. [Built In LA]
la tech quote of the week
RYZ Labs incubator launched. RYZ Labs works to take U.S. startups from the ideation stage to full-blown businesses that can seek outside capital. The startup incubator doubles as a human capital agency that helps augment these startup teams, as well as the teams of established companies, with tech talent from Latin American countries. [Built In LA]
Zette featured in Built In LA’s Future 5 series. Operating through a browser extension, Zette lets readers access paywalled news content from trustworthy publications for a $9.99 monthly subscription. The platform was made to help publications build revenue and help readers find credible news content at an affordable price point. Zette will launch this fall. [Built In LA]
Zest AI partnered with Equifax. Zest AI provides credit unions with an AI-powered credit model management solution. The company announced a partnership with national credit reporting agency Equifax that will help lenders leverage more data to make better loan decisions, as well as respond faster to economic fluctuations. The partnership may also help underbanked loan applicants get loans approved faster. [Built In LA]
