Everything You Need to Know About LA’s Biggest Startup Funding Rounds: December 2024 Breakdown
Armed with some data from our friends at CrunchBase, I analyzed the largest LA startup funding rounds during December 2024. I have included industry classifications and brief funding descriptions to provide deeper insight into the state of venture capital in LA. For the purposes of this analysis, only equity funding rounds were considered.
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (LA Tech, NYC Tech, London Tech)TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key influencers in the Los Angeles business community and beyond. Find out how to run a digital campaign that will return your investment here.
5. BlueQubit $10.0M
Round: Seed
Description: BlueQubit is a quantum software platform that offers software library for enterprise, defense, and academic customers. Founded by Hayk Tepanyan and Hrant Gharibyan in 2022, BlueQubit has now raised a total of $10.0M in total equity funding and is backed by Presto Ventures, Nyca Partners, Vela Partners, BIRD Foundation, and DEPO Ventures.
Investors in the round: BigStory VC, Chaac Ventures, DEPO Ventures, Formula VC, Granatus Ventures, NKM Capital, Nyca Partners, Presto Ventures, Restive, Untapped Ventures
Industry: Computer, Information Technology, Internet, Quantum Computing
Founders: Hayk Tepanyan, Hrant Gharibyan
Founding year: 2022
Total equity funding raised: $10.0M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (LA Tech, NYC Tech, London Tech)TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key influencers in the Los Angeles business community and beyond. Find out how to run a digital campaign that will return your investment here.
4. Qolab $16.0M
Round: Series A
Description: Qolab is a startup engaged in research and development of superconducting quantum computers. Founded by Alan Ho, John Martinis, and Robert McDermott in 2022, Qolab has now raised a total of $19.5M in total equity funding and is backed by Development Bank of Japan, Wisconsin Alumni Research Foundation, Octave Ventures LLC, and Phoenix Venture Partners.
Investors in the round: Development Bank of Japan, Octave Ventures LLC, Phoenix Venture Partners, Wisconsin Alumni Research Foundation
Industry: Information Technology, SaaS, Software
Founders: Alan Ho, John Martinis, Robert McDermott
Founding year: 2022
Total equity funding raised: $19.5M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (LA Tech, NYC Tech, London Tech)TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key influencers in the Los Angeles business community and beyond. Find out how to run a digital campaign that will return your investment here.
3. Nuon $16.5M
Round: Series A
Description: Nuon helps you run your app on your customer’s cloud. Founded by Alex Sharp and Jon Morehouse in 2021, Nuon has now raised a total of $16.5M in total equity funding and is backed by Alumni Ventures, M12 – Microsoft’s Venture Fund, Uncork Capital, Redpoint, and MANTIS Venture Capital.
Investors in the round: Alumni Ventures, Essence VC, M12 – Microsoft’s Venture Fund, MANTIS Venture Capital, Michael Grinich, Quinn Slack, Red Swan Ventures, Redpoint, Richard Artoul, Uncork Capital
Industry: Cloud Infrastructure, Cloud Management, Software
Founders: Alex Sharp, Jon Morehouse
Founding year: 2021
Total equity funding raised: $16.5M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (LA Tech, NYC Tech, London Tech)TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key influencers in the Los Angeles business community and beyond. Find out how to run a digital campaign that will return your investment here.
2. Steno $20.0M
Round: Venture
Description: Steno provides technology-enhanced court reporting and litigation services, including remote depositions and deferred payment solutions. Founded by Dan Anderson, Dylan Ruga, and Greg Hong in 2018, Steno has now raised a total of $116.5M in total equity funding and is backed by Trinity Capital, Alumni Ventures, Bossa Invest, Left Lane Capital, and Karman Ventures (fka Moving Capital).
Investors in the round: Trinity Capital
Industry: Document Management, Legal, Legal Tech, Payments
Founders: Dan Anderson, Dylan Ruga, Greg Hong
Founding year: 2018
Total equity funding raised: $116.5M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (LA Tech, NYC Tech, London Tech)TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key influencers in the Los Angeles business community and beyond. Find out how to run a digital campaign that will return your investment here.
1. First Resonance $32.0M
Round: Venture
Description: First Resonance develops ION Factory OS, a robust manufacturing production software that provides data insights and improves scalability. Founded by Karan Talati and Neal Sarraf in 2018, First Resonance has now raised a total of $65.6M in total equity funding and is backed by Craft Ventures, Village Global, Third Prime, Blue Bear Capital, and Starburst Accelerator.
Investors in the round: Blue Bear Capital, Craft Ventures, E12 Ventures, Third Prime
Industry: Aerospace, Industrial Automation, Manufacturing, Operating Systems, Software
Founders: Karan Talati, Neal Sarraf
Founding year: 2018
Total equity funding raised: $65.6M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (LA Tech, NYC Tech, London Tech)TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key influencers in the Los Angeles business community and beyond. Find out how to run a digital campaign that will return your investment here.
