EDO Raised $80M, Laserfiche’s New HQ, and More LA Tech News

Here’s what you may have missed in the world of Los Angeles tech news.

Written by Delilah Alvarado
Published on Apr. 11, 2022
EDO Raised $80M, Laserfiche’s New HQ, and More LA Tech News
Photo: Laserfiche / Facebook
Photo: Laserfiche / Facebook

Los Angeles tech companies made headlines last week with new headquarters, funding rounds and acquisitions. This is the Built In LA weekly refresh. 

Laserfiche opened a new headquarters. Laserfiche is a SaaS company providing business process automation and intelligent content management in more than 80 countries. The company’s new Long Beach headquarters features open work spaces, as well as conference spaces on every floor. [PR Newswire]

EDO raised $80M. EDO, which was co-founded by actor Edward Norton, gathers and provides behavioral metrics for media advertisements – tracking online searches after an advertisement premiers. The funding round, led by Shamrock Capital, will allow the company to expand its network of data sources, grow its team and improve its platform. [GlobeNewswire]

LOS ANGELES TECH QUOTE OF THE WEEK

“Instoried’s mission is to build a pioneering platform that has everything to do with content, and to help the world communicate with empathy. Empathy not only helps build and sustain relationships, [but] it is also practical from a business sense. The more empathy you can display, the more likely you are to retain customers and convert sales. We ensure that you’re able to effectively and efficiently create empathetic content in just a few steps through our one-stop shop.” – Sharmin Ali, founder and CEO of Instoried

Instoried raised $10M. Instoried is a software company that uses AI to help convey tone in different types of content such as emails, advertising materials and blogs. The Series A round, co-led by Pritt Investment Partners and 9 Unicorns, will go toward its global marketing efforts and making its technology accessible. [Built In LA]

AMD will acquire Pensando. Semiconductor manufacturer AMD (Advanced Micro Devices) entered a definitive agreement to acquire Pensando, a distributed services platform for the cloud, to innovate data centers. AMD paid $1.9 billion for the acquisition, which is expected to close in the second quarter of 2022. [GlobeNewswire]

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