With so much going on in the thriving LA tech and startup ecosystem, it is easy to miss some of the news in the space. We keep you abreast of the things that you may have missed in LA Tech news for the week ending 10/7 featuring news forCove, WeVisu, and much, much more.
Machina Labs – $32M
Machina Labs, an advanced manufacturing company that integrates AI and robotics to brings unprecedented flexibility and modularization to manufacturing, has raised $32M in Series B funding from investors that include Innovation Endeavors and NVentures. Founded by Babak Raeisinia and Edward Mehr in 2019, Machina Labs has now raised a total of $45M in reported equity funding.
Rabbit – $20M
Rabbit, a natural-language powered operating system layer for computers, has raised $20M in venture funding from investors that include Khosla Ventures, Kakao Investment, and Synergis Capital. Rabbit was founded by Cheng Lu and Justin Oren in 2021.
2478 Everyday Investors Shared $1,123,615 Net Profit on a Monet
Now you might be thinking: “what the heck are you talking about?” But keep reading, because this investment platform’s users are already smiling all the way to the bank. Thanks to Masterworks, the award-winning platform for investing in blue-chip art.
Every single one of Masterworks’ 15 sales has returned a profit to investors, for a 100% positive net return track record. With 3 recent sales, Masterworks investors realized net annualized returns of 17.6%, 21.5% and 35%.
How does it work? Simple, Masterworks does all of the heavy lifting like finding the painting, buying it, storing it, and eventually selling it. It files each offering with the SEC so that nearly anyone can invest in highly coveted artworks for just a fraction of the price of the entire piece.
Shares of every offering are limited, but AlleyWatch readers can skip the waitlist to join with this exclusive link.
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See important disclosures at masterworks.com/cd
FuzzyBot – $12.96M
FuzzyBot, an independent gaming studio, has raised $12.96M in funding according to a recent SEC filing. The filing indicates that the total offering is for $13.96M and there were twenty investors in this close. Founded by Max Spielberg and Tatyana Dyshlova in 2020, FuzzyBot has now raised a total of $16.46M in reported equity funding.
Persona AE – $10M
Persona AE, a yet-to-launch stealth startup, has raised $10M in funding according to a recent SEC filing. The filing indicates that the round comes from a fifteen investors and lists Scott Tobin of Battery Ventures as a Director. Persona AE was founded by Andrew Gavin and Scott Schumaker in 2023.
That’s No Moon – $9.7M
That’s No Moon, an independent gaming studio focused on building narrative-driven experiences, has raised $9.7M in funding according to a recent SEC filing. The filing indicates that the round comes from a sole investor. Founded by Michael Mumbauer, Nick Kononelos, Taylor Kurosaki, and Tina Kowalewski in 2020, That’s No Moon has now raised a total of $111.2M in reported equity funding.
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Cove – $6.6M
Cove, a sustainable packaging company, has raised $6.6M in venture funding from investors that include Valor Siren Ventures, Lupa Systems, and Litani Ventures. Founded by Alex Totterman in 2017, Cove has now raised a total of $11.2M in reported equity funding.
Develo – 2.5M
Develo, a software platform for independent pediatric practices, has raised 2.5M in funding according to a recent SEC filing. The filing indicates that the total offering is for $4M and this close comes from a sole investor. Develo was founded by Han Ke and Aaron Sin in 2022.
2478 Everyday Investors Shared $1,123,615 Net Profit on a Monet
Now you might be thinking: “what the heck are you talking about?” But keep reading, because this investment platform’s users are already smiling all the way to the bank. Thanks to Masterworks, the award-winning platform for investing in blue-chip art.
Every single one of Masterworks’ 15 sales has returned a profit to investors, for a 100% positive net return track record. With 3 recent sales, Masterworks investors realized net annualized returns of 17.6%, 21.5% and 35%.
How does it work? Simple, Masterworks does all of the heavy lifting like finding the painting, buying it, storing it, and eventually selling it. It files each offering with the SEC so that nearly anyone can invest in highly coveted artworks for just a fraction of the price of the entire piece.
Shares of every offering are limited, but AlleyWatch readers can skip the waitlist to join with this exclusive link.
