NEWS: SOCAL FUNDING ROUNDUP — Performa Labs, Prodoscore, AeroVironment, UpKeep, GrowFlow, Rogue Games
SOCAL FUNDING ROUNDUP MAY 11-15, 2020
Here are companies throughout SoCal that announced receiving investments this week.
Cie, an Irvine venture studio, helped Performa Labs, one of its portfolio companies in semi-stealth mode, raise $3 million in seed funding.
The funding round was led by Wavemaker Partners. The infusion of capital will be used to further build Performa’s training software for first responders and expand the company’s public safety mission.
(from a press release)
Prodoscore, an Irvine startup with the mission of empowering teams to be more effective and productive, closed a Series A funding round led by serial entrepreneur and venture capital investor Troy Carter. The amount was not disclosed.
The funding will go toward sales and product development as the company moves into a rapid growth phase to meet heightened demand for its software in the wake of the widespread move to remote workforces brought about by the quarantining due to the coronavirus pandemic.
The company aims to provide visibility into employee activities through a single productivity score. It integrates with Google Cloud apps, Office365, CRM systems, and VoIP calling platforms.
(From Business Wire)
AeroVironment closed on $146 million for its drones. The Simi Valley company that makes unmanned aircraft systems was awarded the contract from the U.S. Army for its “Switchblade” aerial missile system.
The company said the first year funding is worth $76 million.
Switchblade is a drone system, which fits in a backpack, and can linger in a target area. It can be deployed beyond the line of sight, traveling as far as six miles from its launch location.
Its drones are armed with an explosive warhead, and are used to hit targets “kamikaze” style, by crashing into them and destroying those targets.
UpKeep, with HQ in LA, raised $36 million in a Series B round. The startup helps facilities and maintenance teams go mobile. Its platform has been developed for technicians and maintenance workers and provides them with a computerized maintenance management system.
GrowFlow, a SaaS startup with HQ in LA, raised more than $8 million. It provides software to the cannabis and hemp industries.
The funding was led by TVC Capital, and also included Bull & Bear Fund and two angel investors.
Rogue Games, an independent game publisher with HQ in LA, raised $2 million. The game developer – which publishes titles like Sociable Soccer, Wild Life, Swift Knight, Mind Symphony, Hexaflip, and other games – said the funding was led by Runa Capital, and also included Mighty Capital, Grishin Robotics, Liquid 2 Ventures.