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 3/22 featuring news for 3Laws Robotics, Future Trash, and much, much more.
Neros Technologies – $35M Series A
DEFENSE
AEROSPACE
Neros Technologies, a maker of advanced unmanned aerial systems for use in the defense industry, has raised $35M in Series A funding led by Vy Capital. Founded by Olaf Hichwa and Soren Monroe-Anderson in 2023, Neros Technologies has now raised a total of $45.9M in reported equity funding.
Fixated – $12.8M Venture
CONTENT
CREATORS
Fixated, a next-generation digital content studio for creators, has raised $12.8M in Venture funding led by Eldridge Industries. Fixated was founded by Zach Katz, Dean Johnson, and Jason Wilhelm in 2023.
PopID – $13.4M
IDENTITY
BIOMETRICS
PopID, a biometric identity verification platform, has raised $13.4M in funding according to a recent SEC filing. The filing indicates that the total offering is for $17.3M and there were twenty-four investors in this close. Founded by Dimitar Dyankov, Kourosh Gohar, Virginia Dadey in 2016, PopID has now raised a total of $28.4M in reported equity funding.
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Proteus Space – $6.1M Seed
SPACE
SATELLITE
Proteus Space, a rapid satellite design and build company, has raised $6.1M in Seed funding led by Lavrock Ventures. Founded by Andrew Shapiro and David Kervin in 2021, Proteus Space has now raised a total of $10.8M in reported equity funding.
Spill – $6M
SOCIAL MEDIA
Spill, a visual and text-based social media platform, has raised $6M in funding according to a recent SEC filing. The filing indicates that the total offering is for $6.3M and there were nineteen investors in this close. Founded by Alphonzo Terrell, DeVaris Brown in 2023, Spill has now raised a total of $10.8M in reported equity funding.
Wolf Games – $4M Seed
GAMING
ENTERTAINMENT
Wolf Games, a generative cinematic gaming studio, has raised $4M in Seed funding from investors that include Jimmy Iovine, Paul Wachter, and Dick Wolf. Wolf Games was founded by Elliot Wolf, Noah Rosenberg, and Andrew Adashek in 2022. LA TechWatch’s exclusive coverage of this round: Wolf Games Secures $4M to Pioneer Generative Gaming with AI-Powered Storytelling
NewPayHealth – $3.7M
HEALTHTECH
FINTECH
NewPayHealth, an AI-powered platform that helps employers and employees save on medical expenses by leveraging HSAs and HDHPs, has raised $3.7M in funding according to a recent SEC filing. The filing indicates that the total offering is for $4.2M and there were three investors in this close. NewPayHealth was founded by Bruce Ettinger in 2023.
