Funding on the Los Angeles tech scene had a quiet start to 2023. While a handful of rounds emerged at the very top of the year, most of the larger venture raises appeared in the latter weeks of January. From Web3 to e-commerce, read more about the sectors Tinseltown techies are innovating with fresh capital injections.
Largest Los Angeles Tech Funding Rounds, January 2023
- Plai Labs
- Dreamscape Learn
- Product Science
- Spartan Radar
- OroCommerce
#5. OroCommerce: $13 million, January 19
Oro developed an open-source e-commerce solution to help manufacturers, suppliers, distributors and wholesalers build online storefronts. The company pulled in a round of Series B funding from lead investor Zubr Capital to fuel the continued growth of its business-to-business platform. This latest raise follows Oro’s $12 million raise back in 2016.
#4. Spartan Radar: $17 million, January 31
Designed by engineers who previously worked in the defense sector, Spartan Radar develops software that aims to make autonomous cars safer and more efficient. Investors including 8VC and Microsoft poured a fresh round of funding into Spartan Radar to help boost the company’s tech. It’s currently focusing on innovating advanced driver-assist systems before entering the self-driving vehicle market.
#3. Product Science: $18 million, January 4
Helping companies’ mobile apps keep up with the pace of fast-improving smartphone capabilities, Product Science secured a round of seed funding to further its solution. The round came by way of investors like Slow Ventures and Coatue and will help the app performance monitoring company acquire new customers, hire new talent and refine its artificial intelligence algorithm.
#2. Dreamscape Learn: $20 million, January 19
Arizona State University and Dreamscape Immersive joined forces to develop Dreamscape Learn, an education solution that uses virtual reality to make its curriculum more immersive. The offering depends on both VR and real-life instruction. Dreamscape Learn announced a Series A round from Bold Capital Partners, GSV Ventures and others to advance its solution.
#1. Plai Labs: $32 million, January 19
The creators of mobile game studio Jam City raised a hefty round of seed funding to jumpstart their newest venture. Plai Labs is a Web3 platform that leverages generative AI to merge social and entertainment experiences. Its networking solution will allow users to partake in digital asset ownership, online community, monetization and content creation.
