Orca Security, SpaceX, and AvantStay were among the L.A.-based companies that raised massive rounds this year, placing the city among those that attracted the most investor dollars in 2021. Check out who else made the list. Read more >>
- YOV, Inc., an L.A.-based AI company, has launched the world’s first subscription service to communicate with a deceased loved one via a virtual persona.
- XR Studios, an L.A.-based augmented reality company, has been acquired by Solotech.
- Pace, a Los Angeles-based mental health startup, raised $13 million in a Series A funding round.
- Disney and YouTube TV have reached a deal, allowing Disney’s channels back onto Google's streaming platform.
- Meta, formerly known as Facebook, was named the worst company of 2021, according to Yahoo Finance readers.
The top 10 biggest raises in Los Angeles as of Dec. 15 included a huge $1.9 billion raise for Elon Musk’s SpaceX. Orca Security raised a $150 million round in July, just three months before its whopping $550 million Series C round that valued the company at $1.8 billion.
Metropolis Technologies, a Venice-based developer of an automated payment platform for parking facilities, has set its sights on re-imagining parking in Los Angeles. The system is meant to provide more information and convenience for drivers. But its CEO, Alex Israel, said the platform's real-time information gathering will be a tremendous asset to parking lot owners and operators, who can use it to maximize the value of a given parking facility.
Next year is expected to be the year that U.S. ecommerce tops $1 trillion. Here are the five ecommerce trends that took off in 2021 and are likely to expand in 2022.