Quibi’s content is being relocated and Ultrahuman is helping users achieve their New Year’s resolutions. Read on to find out what else is new on the LA tech scene. This is the Built in LA weekly refresh.
Credera launches its LA office. The consulting firm made the announcement of its new move last Thursday. The firm focuses on strategy, transformation, data and technology and is opening the new office to support its growing client base on the West Coast. It is currently looking to hire new consultants experienced in the areas of strategy, digital or MarTech. [PR Newswire]
Roku acquires Quibi’s content. Since the mobile streaming platform shut down, its exclusive catalog of content starring some of Hollywood’s top names has been moved to Roku’s library. Roku reportedly acquired the content for less than $100 million. Come later this year, viewers will be able to watch over 75 short-form shows from Quibi for free on The Roku Channel. [Built In LA]
Ultrahuman secured $8M. After closing on its Series A funding round, the company announced the launch of its subscription-based fitness app. By using biometric feedback from devices such as the Apple Watch, the app works to help improve user’s workouts, meditation and sleep. [Built In LA]
StartEngine helps startups get crowdfunding. In an effort to help entrepreneurs who struggle to capture the attention of venture capital investors, the launch of the StartEngine’s crowdfunding platform enabled non-accredited investors to purchase shares in startups. Since 2014, the platform has garnered investments from over 300,000 users. [LA Business Journal]
LA tech companies had a fruitful 2020. Last year, 10 companies on the LA tech scene raised a total of over $5.4 billion in venture capital. In working toward its mission to send people to Mars, SpaceX pulled in the most new cash at $1.9 billion. In second place was Quibi with the $1.15 billion it raised last year as it aimed to attract more subscribers. Scopely raised the third highest amount at $540 million to create mobile video games. [Built In LA]
