Last week, the Tinseltown tech scene was hit by a heat wave of new venture funding. Read more to find out what all that fresh cash is fueling. This is the Built In LA Weekly Refresh.
Metropolis pulled in $167M. Working to make paid parking pains a thing of the past, Metropolis built a solution that lets users enter and exit lots without stopping to pay. Its computer vision- and machine learning-powered solution enables its mobile app to automatically charge for parking visits. The company is actively hiring across 200 roles with plans to expand its 2,000 person team by 500 this year. [Built In LA]
PaymentCloud secured $35M. This company equips businesses in high-risk, low-risk or hard-to-place industries with the ability to process various types of payments, from MOTO processing to cryptocurrencies. With $10 million in equity funding and a $25 million credit facility from Electronic Merchant Systems, PaymentCloud is expanding its tech stack and its team. The company is hiring across sales, marketing and distribution. [Built In LA]
La tech quote of the week
Invoca got $83M. Invoca helps businesses improve their customer experience by gathering data from sales phone calls using its AI-powered conversation intelligence tools. Backed by new funding led by Silver Lake Waterman, Invoca is expanding its service overseas and expanding its team by 50 people. The company has achieved unicorn valuation following its Series F raise. [Built In LA]
Tango raised $14M. Tango works to help hybrid and remote teams stay on the same page with step-by-step process guides. The Series A funding for the workflow intelligence company was led by Tiger Global. With the new capital, Tango is expanding its product offerings and doubling the size of its 22-person team. It also announced the launch of its new product, Workspaces. [Built In LA]
Performio pulled in $75M. Irvine-based Performio is the developer of a cloud-based software solution to help enterprise sales and finance teams automate compensation management processes. Its platform provides an alternative to manually tracking sales commissions on spreadsheets. The company is building out its product to serve a growing customer base with its new growth funding led by JMI Equity. [PR Newswire]
Miso Robotics goes international. Building robotics solutions to power the food service industry with automation, Miso announced a new partnership with Americana Restaurants that will expand its technology into 13 markets across the world, starting in the Middle East. The company is piloting its Flippy 2 solution in the Dubai Mall at the Wimpy’s fast food store. The machine can do the work of an entire fry station on its own. [Email]
