Several Tinseltown tech companies secured funding last week, including a cybersecurity platform, customer success tool and vacation rental marketplace. Catch up on the latest news with the Built In LA Weekly Refresh.
Galvanick raised a $10M seed round. Cybersecurity company Galvanick said it will use the fresh funding to make core hires and offer its product to more critical infrastructure and advanced manufacturing companies. Galvanick’s extended detection and response platform aggregates data and monitors for cyberthreats and malicious behavior. [Business Wire]
UpdateAI pulled in $2.3M. Using ChatGPT, UpdateAI is a customer success tool. The platform creates summaries of customer notes and can automate follow-up tasks, including sharing notes with other softwares and sending follow-up emails. This latest round was led by IdealabX and saw participation from a16z’s scout fund, Zoom Ventures and others. [Business Wire]
LA Tech Quote of the Week
“As a previous vacation rental operator, buying furniture and supplies was extremely challenging for me. With our investment partners behind us, we feel that HostGPO can continue creating an unbeatable platform that will make operating a rental easier and continue to unify a fragmented industry.” — Jeff Iloulian, CEO of HostGPO
HostGPO secured $6M. This is the company’s first outside capital raise. Founded in 2019, HostGPO is a marketplace and purchasing organization for vacation rentals. It allows hosts to be more efficient and cost-effective when finding furniture, supplies and cleaning and management services for their properties. [PR Newswire]
These LA tech companies raised the most funds in May. The largest funding rounds last month came from medical device company Sensydia, health optimization platform Lifeforce, restaurant software provider Restaurant365, legal support startup Steno and BuildOps, a management tool for contractors. These five companies pulled in a collective $220 million. [Built In LA]
