The latest venture capital, seed, pre-seed, and angel deals for LA startups for 11/7/2023 featuring funding details for Sift, , and much more. This page will be updated throughout the day to reflect any new fundings.
Sift – $7.5M
Sift, a telemetry startupfocused on the way machine data is recorded, visualized, interpreted, and automated, has raised $7.5M in Venture funding from investors that include Riot Ventures and Fika Ventures. Sift was founded by Karthik Gollapudi and Austin Spiegel in 2023.
Harvard data scientist upends finance community with returns in this market
The AI revolution has already begun to rewire Wall St, and its impact has been strongly felt in one growing market in particular. Because, thanks to a Harvard data scientist and his crack team, everyday people can now benefit from a previously “off-limits” investment.
The company that makes it all possible is called Masterworks, whose unique investment platform enables savvy investors to invest in blue-chip art for a fraction of the cost. Their proprietary database of art market returns provides an unrivaled quantitative edge in analyzing the art market.
With all 16 of its exits, Masterworks has achieved a profit, with recent exits delivering +17.8%, +21.5%, and +35.0% annualized net returns.
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