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 8/17 featuring news for Ambercycle, Celia, and much, much more.
Sahara AI – $43M
Sahara AI, a decentralized AI network, has raised $43M in funding from investors that include led by Polychain, Pantera Capital, and Binance Labs. Founded by Sean Ren, Tyler Zhou in 2023, Sahara AI has now raised a total of $49M in reported equity funding.
Pelage Pharma – $14M
Pelage Pharma, a regenerative medicine company working on hair loss, has raised $14M in Series A funding from investors that include led by Google Ventures. Founded by Heather Christofk, Michael Jung, and William Lowry in 2018, Pelage Pharma has now raised a total of $30.8M in reported equity funding.
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Ambercycle – $10M
Ambercycle, a textile regeneration materials company, has raised $10M in additional funding from investors that include Shinkong Synthetic Fibers Corporation. Ambercycle was founded by Moby Ahmed and Shay Sethi in 2013 and has raised $38.1M in total funding.
Celia – $260K
Celia, a biotuning platform that uses genetic markers to develop personalized wellness routines, has raised $260K in funding according to a recent SEC filing. The filing indicates the funding comes from five investors. Celia was founded by Koehl Robinson in 2023.
