Several tech companies on the West Coast are making advancements to their solutions that leverage AI technology. From financial services to robotics manufacturing, learn more about these local innovators that secured the highest venture capital sums last month to further their tech,
Top Los Angeles Tech Funding Rounds, October 2023
- Metropolis
- SuperOrdinary
- Machina Labs
- rabbit
- Charlie
#5. $16 million, October 31
Banking services company Charlie serves older adults with a platform that helps them gain access to their Social Security checks, make earnings on their deposits and more. The company’s Series A consisted of $16 million in equity capital and $7 million in debt financing. With its funding lead investor TTV Capital, Charlie will invest in growing its team, rolling out new fraud protections and further developing its product.
#4. $20 million, October 4
Gearing up to launch its platform, rabbit works to build a personalized operating system, or OS, for computers where the primary interface is driven by natural language. The company raised $20 million from lead investor Khosla Ventures to expand its team and further develop its OS and hardware.
#3. $32 million, October 11
Operating a solution that uses AI and robotics to manufacture advanced composite and metal products, Machina Labs secured a $32 million round of capital to further its research and reach more customers. The company’s latest round was co-led by NVentures and Innovation Endeavors. The raise brings Machina Lab’s venture capital to $45 million.
#2. $58 million, October 5
SuperOrdinary works to help American and European consumer brands scale on digital marketplaces and enter the Chinese beauty and skincare market. The company raised $58 million in Series B funding from investors like Manzanita and Alliance Consumer Growth. With its new capital, SuperOrdinary will add more capabilities in the U.S. such as livestreaming and creator-led e-commerce.
#1. $1.05 billion, October 5
Metropolis, an artificial intelligence company, received $1.05 billion in Series C stock financing led by Eldridge to complete its acquisition of SP Plus, a Chicago-based transportation tech company. Metropolis develops computer vision technology to enable speedy payment experiences for customers.
