The Los Angeles tech scene is awash with new growth moves following a busy week. Companies raised new funding rounds to innovate their industries and one business announced an acquisition. Find out what they’re working on next in the Built In LA Weekly refresh.
Regard raised $15.3M. The company’s AI-powered solution helps doctors make accurate diagnoses faster. With its Series A funding co-led by Calibrate Ventures and Foundry Group, Regard will expand its platform and reach as well as shorten its integration time. The company is currently hiring across departments including engineering and marketing. [Built In LA]
ServiceTitan acquires Schedule Engine. Operating a platform that outfits trade contractors with the tools they need to grow their business, ServiceTitan announced its plans to acquire online booking solution Schedule Engine. As contractors are seeing more jobs booked via online channels, this deal will expand ServiceTitan’s suite of tech solutions as well as grow its investment in Schedule Engine’s tech and products. [PRNewswire]
la tech quote of the week
Inspectiv secured $8.6M. With its platform that works to flag vulnerabilities for companies like security risks and potential data leaks, Inspectiv is furthering its work with a Series A funding round. Led by StepStone Group, the capital will go toward product development as well as expanding Inspectiv’s team across product, engineering, marketing and sales. [Built In LA]
MaC Venture Capital raised its second fund. The firm makes investments in companies that work to shape culture, increase access and resources to underserved communities and meet consumer and industry needs. The $203 million Fund II will help it make seed-stage investments. This raise follows MaC’s previous seed-stage fund of $110 million in March of 2021. [Business Wire]
StyleScan pulled in $1M. Working to make fashion more relatable for all online shoppers, StyleScan developed technology that lets users see how garments look on models of varying shapes, sizes and skin tones. The financing will help the company expand its e-commerce SaaS solutions. This includes the launch of a new suite of AI-powered products in the coming months. [Business Wire]
