Following a rebrand, capital raise and acquisition announcements, LA tech companies have a busy week ahead. Before starting your week, catch up on the local tech news you might have missed. This is the Built In LA Weekly Refresh.
DroneBase rebranded and raised $55M. Santa Monica-based DroneBase rebranded as Zeitview alongside raising a $55 million investment led by Valor Equity Partners. Zeitview plans to use the fresh capital to support its artificial intelligence-based software to improve inspection solutions for its customers in the infrastructure and energy industries. Zeitview, meaning time view, said the name change better encompasses the company’s mission and service offerings. [Business Wire]
LA Tech Quote of the Week
“I’m excited to say that our success rate of job placement is staying pretty consistent which means that as we’re growing, the quality of what we’re doing is not being diminished. It means ... more people are going to be able to leverage what is one of the best careers that you can get into nowadays.” — Gregorio Rojas, Sabio co-founder and CTO
Sabio was featured in Built In’s Future 5 series. Sabio is an edtech platform that teaches users how to code. Gregorio Rojas, Sabio co-founder and CTO, launched the startup after realizing he could make more money as a software developer than he did as an athletic trainer. Today, Sabio offers a 17-week, online program where students learn HTML, JavaScript and CSS. [Built in LA]
SUMA Wealth acquired Reel. The two Latinx-led fintech companies aim to help the Latinx community have more access to financial tools and resources. SUMA simplifies finances to make them more accessible and relatable while Reel is a personal finance and savings platform. Reel’s tech will be integrated into SUMA’s offerings. [Built In LA]
