The New Year kicked off with several new announcements from the LA tech scene, including venture capital gains and an acquisition. Here is the news you might have missed. This is the Built In LA weekly refresh.
These LA companies raised over $5.1B. 2021 was a big year for LA tech startups. Combined, 11 companies raised over $5 billion in venture capital last year, and three companies made the list a second year in a row. Some companies include GoGuardian, VideoAmp and Kajabi. [Built In LA]
Liquid Death gained $75M. Santa Monica-based Liquid Death aims to combat the waste of plastic water bottles by selling canned water. The company raised $75 million in fresh financing led by startup studio Science Inc., which has previously invested in Liquid Death. Since its last raise, Liquid Death has partnered with thousands of new retailers. Now, the company plans to launch new flavors as well as hire additional staff. [Built In LA]
LOS ANGELES TECH QUOTE OF THE WEEK
Labrador Systems got $3.1M. The early-stage tech company building assistive robots gained $3.1 million in seed funding, with Amazon’s Alexa Fund and iRobot Venture co-leading the round. The company plans to release The Labrador Retriever assistive robot — which can be operated through an app — to help people living with pain or an injury live more independently. Full production is set for 2023 with betas available sooner. [PR Newswire]
Recorded Future acquired SecurityTrails. LA-based SecurityTrails collects and banks current historical IP address data and domains and has been a partner with Recorded Future since 2018. Recorded Future, an intelligence-led cybersecurity platform based in the Washington, D.C. area, acquired SecurityTrails for $65 million. [TechCrunch]
