From artificial intelligence-backed companies to telehealth, energy management and more, the LA tech scene was full of funding announcements last week. Read on to see what these companies are up to next and how they plan to spend their fresh dough. This is the Built In LA Weekly Refresh.
AMP secured $17.25M. Founded in 2017, AMP aims to advance energy management technology with its software and hardware. The Series A round will help the company speed up the development of its Connected Energy Management Platform used in e-mobility applications. The round was backed by Helios Climate Ventures and Ecosystem Integrity Fund. [AMP]
Options MD pulled in $2.35M. With telehealth solutions that connect users to clinical teams, Options MD aims to help those with severe mental illnesses and treatment-resistant conditions. The platform also helps users find treatments that meet their needs. The pre-seed round will help Options MD build out its solution and grow its research and clinical operations. [Built In LA]
LA Tech Quote of the Week
Zest AI raised over $50M. Backed by artificial intelligence, Zest AI works with financial institutions to automate the underwriting process. Co-led by Insight Partners and CMFG Ventures, funds from this round will be used to expand access to Zest AI’s product. According to Zest AI, it tripled its customer base in 2021 and is on track to double its customer base this year. [PR Newswire]
Pod brought in a $2.5M seed round. Los Angeles-based Pod, a tech company focused on bringing people together, launched a SaaS platform for HR teams and job seekers earlier this year. The platform, called AtlasJobs, is a talent engagement and management tool that allows job seekers to find careers and allows hiring teams to connect with potential candidates. Backed by a fresh round of capital, Pod plans to expand its U.S. customer base and scale globally. [PR Newswire]
Five LA tech companies raised a collective $296M in October. From 3D-printed dental items to electric vehicle charging infrastructure, several LA tech companies raised funds last month. The businesses that raised the five largest rounds include Loop, SprintRay, Liquid Death and others. [Built In LA]
