Belkin Moves to El Segundo, Pipe Raised $50M, and More LA Tech News

A handful of companies are making new developments in the LA tech sector in areas across the board. Read on for the latest news. This is the Built In LA weekly refresh.

Written by Ashley Bowden
Published on Mar. 15, 2021
Belkin Moves to El Segundo, Pipe Raised $50M, and More LA Tech News
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PHOTO: SHUTTERSTOCK

A handful of companies are making new developments in the LA tech sector in areas across the board. Read on for the latest news. This is the Built In LA weekly refresh.

Pipe secured $50MThis trading platform helps companies access their booked revenue by converting MRR into ARR cash flow. Having added new services since its public launch, Pipe announced the close of a strategic equity financing round led by Raptor Group and Next47. With the fresh cash, Pipe is looking to further new partnerships as it pursues international growth. [Built In LA]

NuORDER raised $45MThe company works to help businesses establish an online presence by providing them with the tools they need to stay afloat in today’s digital world. NuORDER closed on a new round of funding co-led by Brighton Park Capital and Imaginary Ventures that it plans to put toward meeting demand as it expands internationally. [Built In LA]

LA Tech Quote of the Week

“The traditional ways organizations operated yesterday simply may not work in the new normal of today or tomorrow. A successful, flexible work culture requires a foundation of trust, accountability, and an increase of communication at all levels and I have no doubt that our team will fully embrace the entrepreneurial spirit of this transition.” —Steve Malony, CEO of Belkin International

Belkin is moving to El SegundoIn relocating its HQ from Playa Vista, the consumer electronics company is looking to establish a hybrid work environment featuring outdoor lounges, a coffee shop, the flexibility to work from home and more. Its new office will also focus on sustainability. Currently, Belkin is hiring for roles in marketing, sales, product and engineering. [Built In LA]

Criteria Corp acquires Alcami InteractiveAs remote work has increased, so has the need for video interviewing software. Looking to address this shift is Criteria Corp. The people analytics company is acquiring Australia-based Alcami in order to offer customers Alcami’s video interviewing services via its platform. [Criteria Corp]

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