Armed with some data from our friends at CrunchBase, I broke down the largest LA startup funding rounds during August 2024. I have included some additional information as well such as industry and brief funding description, to further the analysis of the state of venture capital in LA. For the purposes of this analysis, only equity funding rounds were considered.
5. Pelage Pharma $14.0M
Round: Series A
Description: Pelage Pharma delivers a clinically tested treatment for both men and women battling the emotional pain or social stigma of hair loss. Founded by Heather Christofk, Michael Jung, and William Lowry in 2018, Pelage Pharma has now raised a total of $30.8M in total equity funding and is backed by Google Ventures, Main Street Advisors, YK Bioventures, Visionary Venture Fund, and Visionary Ventures.
Industry: Health Care, Medical, Pharmaceutical
Founders: Heather Christofk, Michael Jung, William Lowry
Founding year: 2018
Total equity funding raised: $30.8M
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. ProrataAI $25.0M
Round: Series A
Description: ProrataAI builds technology that enables generative AIs. Founded by Bill Gross,Tarek Najm in 2024, ProrataAI has now raised a total of $25.0M in total equity funding and is backed by Mayfield Fund, Prime Movers Lab, Revolution Ventures, and Idealab NY.
Industry: Artificial Intelligence (AI), Information Technology, Software
Founders: Bill Gross,Tarek Najm
Founding year: 2024
Total equity funding raised: $25.0M
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.
3. MIRIS $26.0M
Round: Seed
Description: MIRIS provides spatial material and allows users to communicate with digital content. Founded by Marlin Prager in 2022, MIRIS has now raised a total of $26.0M in total equity funding and is backed by IAG Capital Partners.
Industry: Content, Software
Founders: Marlin Prager
Founding year: 2022
Total equity funding raised: $26.0M
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.
2. Sahara AI $37.0M
Round: Series A
Description: Sahara AI is a decentralized AI network that enables freely and securely deploy autonomous AI with high-performance, privacy-first network. Founded by Sean Ren and Tyler Zhou in 2023, Sahara AI has now raised a total of $43.0M in total equity funding and is backed by Polychain, Alumni Ventures, Sequoia Capital, Sandeep Nailwal, and Canonical Crypto.
Industry: Artificial Intelligence (AI), Blockchain, Decentralized Finance (DeFi), Web3
Founders: Sean Ren, Tyler Zhou
Founding year: 2023
Total equity funding raised: $43.0M
LA TechWatch’s exclusive coverage of this round: Sahara AI Raises $43M to Build an Equitable, Accessible AI Future Amid Big Tech Dominance with its Blockchain-based AI Platform
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. FLYR $225.0M
Round: Series D
Description: FLYR is a technology company that uses AI to help airlines and hospitality businesses. Founded by Alexander Mans, Cyril Guiraud, and Jean Tripier in 2013, FLYR has now raised a total of $411.8M in total equity funding and is backed by BlackRock, Founders Fund, WestCap, Abu Dhabi Investment Authority, and Marbruck.
Industry: Air Transportation, Analytics, Artificial Intelligence (AI), Machine Learning, Predictive Analytics
Founders: Alexander Mans, Cyril Guiraud, Jean Tripier
Founding year: 2013
Total equity funding raised: $411.8M
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.
