This App Hopes to Give Homeless Outreach Workers Real-Time Data While They're on the Street

Eric Zassenhaus
Eric Zassenhaus is dot.LA's managing editor for platforms and audience. He works to put dot.LA stories in front of the broadest audience in the best possible way. Prior to joining dot.LA, he served as an editorial and product lead at Pacific Standard magazine and at NPR affiliate KPCC in Los Angeles. He has also worked as a news producer, editor and art director. Follow him on Twitter for random thoughts on publishing and L.A. culture.
This App Hopes to Give Homeless Outreach Workers Real-Time Data While They're on the Street
Photo by Nathan Dumlao on Unsplash

Los Angeles invests hundreds of millions each year to alleviate homelessness, but the networks that underlie those efforts are often held together by legal pads and spreadsheets.

It took a person who's suffered through the system to try to update it, so that the homeless and their advocates can get what they need, when they need it.


Anthony Greco is one of the few people who can say he's been on most sides of the issue. He's lived on the streets, dealt with homeless family members and friends, he's worked in the shelters and counseled people dealing with substance abuse.

"I've literally been on every side of this problem in one way or another," Greco says. "I've been trying to get people into treatment in some way or another since I was seven years old."

The Get Help platform is a result of his lifetime of experience with substance abuse and homelessness. And it's been so effective that Los Angeles took it from beta to a basic tool in the city's plan to deal with one of its largest emergencies: Getting homeless people off the street during the COVID-19 pandemic.

Anthony Greco is the founder of the Get Help app.

A Lifetime Getting People Help 

Greco grew up bouncing from house to house while his mother sought help at substance abuse clinics.

"When I was 15 years old, one day I came home from school and my mom and her boyfriend and that family had moved away out of town," Greco says, "and the house was empty except for all the stuff in my room."

That led him into his own struggle first with homelessness, then with substance abuse and finally into recovery and toward helping people in the same circumstances he'd once found himself in. Ultimately, he got his PhD in clinical psychology and worked with patients with substance abuse issues.

But at every step in his career, Greco found himself trying to solve the same problem: How do you match a person to the services they need at the moment they're willing to ask for help? Having real-time information is key, he says.

"There's a point when someone says that they want to get help," he says. "It's a simultaneous feeling of excitement and absolute dread at the same time, because on one hand, you're so excited that they want to get help and they want to go somewhere and then on the other hand the next thought is where am I going to go? Where am I going to call with how am I going to find an available bed? And it's a nightmare."

Once someone is willing to get help, the next question is where, and how? Greco describes calling rehab and shelter facilities as a child, as a homeless man and as a clinical psychologist to find a client or friend a bed, only to find that facilities were full or not accepting new residents, or that no one at the center seemed to have an idea of whether they had a place to stay.

Later, he encountered the same problem from the other end of the phone line when he was working at those same facilities.

"I remember getting calls, late at night," Greco says. "It was a mom on the other end of the phone wanting to know whether I have space for their son or daughter. And I didn't even know what our census was."

Had he known the headcount, he would have known how many available beds there were.


If Getting Shelter Were As Easy As Ordering an Uber

The idea for the app came when Greco, now a psychologist, found himself unable to get the same basic information he was seeking as a kid.

"I realized that it was just as difficult for a licensed clinical psychologist to get someone into treatment as it was for a seven year old."

Greco had pictured a simple app that would match the world of homeless needs to the world of resources available to them.

"I said, you know, there has to be an app for that," he says. "You can order a pizza at four o'clock in the morning, or a cheeseburger from Sonic and have it delivered from Pomona, but there's no tool to be able to find a bed for my friend."

Greco quickly realized that if he wanted to be able to offer immediate help, he needed more than a list of numbers; he needed accurate real-time data. Who had open beds right now, tailored to specific needs of individuals — with substance abuse problems, with mental health problems, with kids, with domestic abuse trauma, with medical needs?

He had a vision for the app, but he didn't have a background in tech or business. Luckily, as he searched for funding for the idea, he came across Michael Root, one of the early engineering pioneers at Riot Games, who quickly volunteered to be Get Help's CTO. The company registered as a public benefit corporation in 2019.

"I had no idea what I was getting into," Greco says.

Solving Problems for Homeless People

Greco says it usually takes between 6 and 7 approaches (sometimes more) before someone who's experiencing homelessness will accept help — and often the kind of help people on the street are looking for isn't what street teams have to offer.

"The first service that they often will accept isn't a bed," says Greco, "but they'll accept a place where they can go get a meal."

Greco says it's critical to seize those moments, where a person is willing to ask for some kind of help, if only to build trust.

"It's about meeting the person where they're at," Greco says. "And that's what I do as a therapist."

In other words, he says focus on building trust, and provide people what they need, rather than what you think they need. Not everyone is looking for a shelter bed.

"That's where I operate from and where Get Help operates from," he says.

The app tries to reflect this by listing a range of services both big and small from shelter and sober living beds to food pantries, showers, laundry, storage facilities and health care services. All those services are what social workers call a continuum of care that will eventually lead to stability, he says.

Solving the Problem for Shelters

Greco at the Weingart Center in Los Angeles' Skid Row.

On the other end of the spectrum, Greco realized that if he wanted to be able to solve family members' 4 a.m. emergencies, he'd have to work with the shelters to get the data that would be crucial to getting their loved ones fast help.

What he quickly found was that many of these shelters and sober living facilities were using outdated tools to keep track of who was in their facility.

"They were still managing their inventory — and still are — is literally using yellow pads, sometimes whiteboards, Excel documents and email exchanges."

They reached out to the Weingart Center, one of the first shelters in Skid Row that specializes in providing emergency housing for people with mental illness. By the estimate of its current CEO, the company houses about 600 people nightly, and provides counseling, employment and other other services to thousands more. All of that requires an incredible amount of record keeping.

"In order to really run an operation," says Weingart's CEO, Kevin Murray, "you've got to do intake, you've got to assign room, you've got to assign food cards."

In addition, you have to make sure you're collecting the information that health insurers and the federal government require, as well as making sure you're tracking the basic needs — linen and toothbrushes, for example — of the people you're serving.

"Almost every provider is inputting this practice information in, you know, at least two, maybe multiple systems."

Greco's team met with Weingart to develop a data management system that could help them track that information.

"They actually sat down with our people at all levels to find out what they needed, and what would be helpful to them," Murray says. "We both sort of opened up to each other about what we wanted to do. And so we were participants in developing the system."

The result, Greco says, saved Weingart time and money by cutting down the number of steps that shelter staff had to take to do intake and reducing the number of data entry mistakes they made.

"Those errors result in billing errors," and those billing errors and mistakes can result in a place like The Weingart Center losing millions a year in funding opportunities.

It also made the information on how many beds the center had at any given time easily accessible, so that Get Help's app could make them available to service providers on the streets looking to get people housed.

"it's certainly, you know, added a lot of simplicity in our lives," Murray says.

From Pilot Test to a Citywide Crisis

An estimated 82,955 people fell into homelessness during 2019 in L.A County, and an estimated 52,689 people found the way out of homelessness in that time, according to the county's most recent data.Photo courtesy of Get Help

In late 2019, Get Help worked out a pilot program with a small faction of LAPD officers who patrol Skid Row and other areas to assist with routine clean ups of homeless encampments.

The officers in LAPD's Homeless Outreach and Proactive Engagement (HOPE) team downloaded the Get Help app and used it to direct the homeless folks they encountered to services in the area.

"The response was overwhelmingly positive," Greco says, adding that some officers reported it had changed the dynamic between some of their patrol and homeless in the area. Officers had real-time information they could offer to homeless folks, and their role went beyond enforcement to being able to offer assistance.

After six months, the plan was to expand the app's use in the city, when an even larger crisis hit.

"We had just got through a successful pilot with L.A. (city) and we're talking about expanding it, we were doing work on expanding to a different additional shelters, (and) we were starting conversations with L.A. County," Greco says, "And COVID-19 hit."

The city settled on an emergency plan to house vulnerable homeless people in recreation centers and other city facilities that had closed due to the pandemic.

Jimmy Kim oversees emergency operations for Los Angeles's recreation and parks department. He was tasked with creating the shelters, developing a system for keeping track of its inhabitants, and keeping them safe.

"The systems that we're using are so archaic," Kim says. "You know that saying, 'time is money', right?"

At first the city relied on regular manual headcounts, pen and paper and Google docs to keep a tally of those staying at its sites. It quickly found that process was inefficient.

"And so we came across (the app) in the mayor's office," says Kim. "They actually introduced us to the folks over at Get Help as part of a pilot program."

The app allowed them to streamline the process, and provided the mayor's office with real time information on the number and location of beds occupied.

"The quicker we could get them (registered), the quicker we could get people in," Kim says. "And then the less time they have to spend on doing registration, the more time they could spend on doing more important things."

The system proved a success, allowing Kim to keep track of registrations and discharges at the 24 shelters the agency oversaw, and allowing his staff of around 94 employees access to real-time data on who was where.

"I actually want to take that and use it for our normal shelters as well because it'll help us streamline that process and get real time usable data," Kim says. "You know, literally at the tip of your fingertips."

The department is now thinking about configuring the app to do contract tracing for shelter residents who come down with COVID-19, and it's thinking about expanding beyond the homeless emergency function, to other emergencies that require rapid sheltering — such as wildfires and earthquakes.

"Now, we're having those conversations," says Kim, "because I think it will help us streamline and get data a lot quicker… And if you have real-time data, you can make better decisions that way."

Meanwhile, Get Help is available to individuals, organizations and outreach workers in Apple's App Store and Google Play. His team is working with several large local shelters and sober living facilities and the county to expand the data available in Get Help's app that can be used by families, street teams and concerned residents looking for immediate help.

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Impulse Space Just Raised $308M to Build the Roads in Orbit
Impulse Space

🔦 Spotlight

Happy Friday, Los Angeles.

Space may not have roads, but it still has a transportation problem.

Rockets have become remarkably good at carrying satellites beyond Earth. Once those satellites reach space, however, getting them from one orbit to another can still be slow, expensive or impossible.

Redondo Beach-based Impulse Space wants to change that, and investors are giving it considerably more fuel for the journey.

The company raised a $308M extension to its Series D, bringing the round’s total to $808M. The new financing comes just over three months after Impulse announced the initial $500M raise and pushes its total capital raised above $1.3B.

Existing investors 137 Ventures, BANNER VC, DFJ Growth, Linse Capital, Lux Capital and Valor Equity Partners participated in the extension. Impulse did not disclose a valuation, but convincing existing backers to commit another $308M so soon after an already substantial round is a strong signal of confidence in both the company and the market it is pursuing.

Founded by former SpaceX propulsion executive Tom Mueller, Impulse is building vehicles designed to move satellites and payloads after they have already reached space. If rockets are responsible for getting cargo off the ground, Impulse wants to handle what happens after delivery.

Impulse Space

Its Mira spacecraft is built for precise maneuvering, payload deployment and proximity operations in orbit. Helios, scheduled for its first flight in 2027, is a high-energy kick stage designed to move payloads from low Earth orbit to destinations such as geostationary orbit in less than a day. The company has also introduced an electric propulsion system called Electra and a rideshare service aimed at making higher-energy orbits more accessible.

Together, those products represent something larger than a collection of spacecraft. Impulse is attempting to build a transportation network for an economy that increasingly needs one.

That need is becoming harder to ignore. More satellites are reaching orbit, governments are prioritizing responsive space capabilities and commercial operators want greater flexibility after launch. A satellite that can change position, reach a different orbit or respond quickly to a new mission is significantly more useful than one permanently tied to its original destination.

The U.S. government is already putting Impulse’s thesis to work. Helios was selected for the U.S. Space Force’s National Security Space Launch Phase 3 Lane 1 program, making it the first upper-stage prime awarded a position in the program. Impulse also received a $28M contract extension to provide two Mira spacecraft for additional Space Systems Command missions.

The company says its headcount has more than doubled over the past year as it expanded its facilities in Redondo Beach, Mojave, Boulder and Washington, D.C. The new capital will support further hiring, product development and facility growth as Impulse works to serve commercial, civil and defense customers.

It also recently appointed its first chief financial officer, Adam Townsend, who previously helped guide Vizio through an IPO and its eventual sale to Walmart. The hire is another sign that Impulse is preparing for a more complex chapter, one defined not only by engineering milestones but also by a growing capital base, government contracts and large-scale operations.

That is where this announcement becomes more interesting than its considerable price tag.

Impulse has already shown that Mira can operate in space. Now it must prove that it can turn several ambitious vehicles into dependable infrastructure. The difference between a promising spacecraft company and a transportation network is repetition: more missions, more customers and systems that work reliably enough to become part of how the space economy operates.

An $808M round gives Impulse the resources to pursue that vision. It also raises the expectations attached to it.

For Southern California, the financing reinforces the region’s role in the new space economy. Los Angeles helped build the original aerospace industry, and a new generation of companies is now developing the vehicles, factories and infrastructure intended to support life beyond the launchpad.

Impulse Space is tackling what may be the next big bottleneck. Getting to space is only the beginning.

Someone still has to get you where you are going.

More from this week’s LA startup and venture scene below.

🤝 Venture Deals

    LA Venture Funds

    • Riot Ventures co-led EnduroSat’s $205M funding round alongside Atreides Management, with participation from GV, Founders Fund, Lux Capital, the European Innovation Council and other investors. The Bulgarian space company will use the capital to open a high-volume satellite factory in the U.S., build a major European space and defense hub and scale production of its standardized spacecraft. - learn more
    • Upfront Ventures and M13 participated in Ayble Health’s $16M Series A, led by Neon and joined by Unum Ventures, Cleveland Clinic Ventures, DigiTx and Accomplice. The virtual-care company will use the funding to expand its AI-enabled clinic for chronic digestive and autoimmune conditions across national health plans, major employers and benefits platforms, bringing its total capital raised to more than $27M. - learn more
    • Blue Heron Ventures participated in Voxela’s Series A, led by Delight Ventures and joined by SOMPO Growth Partners, Happiness Capital, Archetype Ventures and ALL STAR SAAS FUND, bringing the eldercare technology company’s total funding to approximately $13.2M. Voxela will use the capital to expand hiring and develop new AI capabilities for its VCare platform, which helps care facilities monitor residents, prevent incidents and automate administrative work such as documentation and reporting. - learn more
    • Clocktower Technology Ventures participated in Mainstay’s more than $18M growth round alongside new investors Parker89, Stackpoint, Alpaca VC and FJ Labs, as well as returning backers Khosla Ventures and Era Ventures. Mainstay also acquired AI-powered listing platform Truelist and will use the funding to bring its real estate data, pricing and automation infrastructure to more brokerages, agents and smaller investors. - learn more
    • Amboy Street Ventures participated in Evvy’s $40M Series B, led by Catalio Capital Management and joined by new and returning investors including Rethink Impact, Muse Capital, Labcorp Venture Fund and General Catalyst. Evvy will use the funding to expand its AI-powered women’s health diagnostics and care platform, beginning with fertility, while growing distribution through physicians and strategic partners. - learn more
    • Second Sight Ventures participated in Fin.com’s $20M seed round, led by Expa and Uber co-founder Garrett Camp, with backing from Coinbase Ventures and other investors. The payments infrastructure startup will use the funding to expand its cross-border network through additional acquisitions and plans to acquire a bank within six months. - learn more
    • Clearlake Capital, Mantis Venture Capital and Sound Ventures participated in Factory’s $200M funding round, which valued the AI software development company at $5B and brought its total funding above $400M. Factory will use the capital to accelerate research, product development and global expansion for its platform, which enables enterprises to build, manage and improve software using autonomous AI agents. - learn more
    • Navitas Capital led Scaffold’s $15M seed round, with participation from D.R. Horton, Pulte Homes, Builders FirstSource and other construction-industry investors. The Austin startup will use the funding to expand its engineering team and broaden its AI-powered platform, which connects homebuilders, contractors and suppliers to automate scheduling, purchase orders and other coordination work. - learn more
    • Halogen Ventures led it’s electric’s oversubscribed bridge round, joined by Wisdom Ventures, Future Communities, E8 Angels and other new and returning investors, bringing the curbside EV-charging startup’s total funding to $15M. The financing will support its rapid expansion, including a New York City contract to install hundreds of locally manufactured chargers across all five boroughs over the next three years. - learn more
    • Matter Venture Partners participated in Delos Data’s more than $100M funding round alongside Matrix, Playground Global, Socratic Partners, Capricorn’s Technology Impact Fund and IAG. The Palo Alto startup will use the capital to expand its engineering teams and accelerate development and sales of its Nonstop AI infrastructure, designed to reduce network bottlenecks and improve the speed and efficiency of AI inference. - learn more
    • Mantis Venture Capital and Gold House participated in A Vinyl Bar in Shibuya’s $5.5M pre-seed round alongside SV Angel, BoxGroup, Quiet Capital and other investors. Founded by Spotify’s former head of innovation, the startup is developing playful music apps that let users remix, manipulate and collaboratively create sounds rather than simply stream or generate songs. - learn more

    LA Exits

    • Headspace has agreed to be acquired by AI healthcare company Sword in a deal expected to close by the beginning of Q4 2026; financial terms were not disclosed. The acquisition will combine Headspace’s mental health brand, global consumer base and network of more than 15,000 providers with Sword’s AI-powered clinical platform to offer more personalized and continuous care. - learn more
    • Nasty Gal was acquired by WSG Brands for an undisclosed amount, adding the women’s fashion label to a portfolio that also includes Von Dutch and Allbirds. WSG plans to expand Nasty Gal internationally and into categories such as footwear, beauty, activewear and accessories while growing its direct-to-consumer, wholesale and licensing businesses. - learn more
    • Converse Health was acquired by healthcare AI company Hello Patient for an undisclosed amount, bringing its back-office automation technology into the buyer’s platform. The combination will allow medical practices to use one system for patient communications and administrative work such as referral processing, chart follow-ups, authorization paperwork and medical records. - learn more

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      From Breaking Tech News to Backing It
      Image Source: Sources

      🔦 Spotlight

      Hey there, Los Angeles.

      For the past decade, Alex Heath has made a career out of figuring out what the technology industry is doing before everyone else.

      Now, he is going to invest in it.

      Heath announced this week that he is joining Los Angeles-based Sound Ventures as a partner on its investing team. The veteran technology journalist will continue independently operating Sources, the newsletter and podcast business he launched after leaving The Verge last year.

      It is an unusual career move, but perhaps not as unusual as it initially appears.

      Journalists and venture capitalists spend much of their time doing surprisingly similar work. Both look for signals before they become obvious, build relationships with people who know what is coming next and attempt to distinguish a lasting shift from a convincing story.

      The crucial difference is what happens after they find one.

      A journalist publishes. An investor writes a check.

      Heath has spent years reporting on some of the technology industry’s most powerful companies and executives. At The Verge, where he served as deputy editor, his work focused on the internal decisions shaping companies such as Meta. More recently, Sources has taken readers inside the AI race through reporting and interviews with executives including Sam Altman and Mark Zuckerberg.

      That experience gives Sound something venture firms increasingly want: someone who already understands the founders, companies and narratives competing to define the next era of technology.

      Sound Ventures is not exactly starting from scratch. Led in Los Angeles by Guy Oseary and Effie Epstein, the firm manages nearly $2B and has backed companies including OpenAI, Anthropic, World Labs, Brex, Affirm and GitLab. According to The Wall Street Journal, Sound deployed more than $800M into early positions in OpenAI, Anthropic and World Labs as it intensified its focus on artificial intelligence.

      Heath is joining during an important transition for the firm. Ashton Kutcher, who co-founded Sound with Oseary in 2015, departed earlier this year to launch a new venture firm. Oseary and Epstein are continuing to lead Sound while raising its fifth flagship fund and sharpening its strategy around companies with the potential to reach meaningful commercial scale.

      Adding Heath suggests that Sound’s next phase will not be defined by capital alone.

      As AI makes it faster and less expensive to build software, technical capability may become less effective as a differentiator. More startups will be able to create credible products, and more of them will compete for the same finite supply of customers, talent and attention.

      In that environment, knowing how to identify a compelling founder is only part of the job. Venture firms also need to understand how companies earn trust, communicate what makes them different and remain culturally relevant in an increasingly crowded market.

      That is familiar territory for Sound. Oseary built his career managing artists including Madonna and the Red Hot Chili Peppers, where recognizing talent was inseparable from helping that talent connect with an audience. Heath brings a different version of the same instinct, developed through finding important stories and understanding why people should pay attention to them.

      Heath will continue owning and operating Sources independently while expanding its podcast and interviewing prominent voices across the technology industry. That means he is not abandoning the platform or audience he built. He is adding a new vantage point.

      The combination could prove especially valuable to Sound. Heath brings the instincts of a reporter, the reach of an independent media founder and years of relationships with the people shaping technology. Now, he can apply that experience to finding and supporting the next generation of founders.

      It is a fitting evolution for someone who has spent his career identifying important technology stories early.

      This time, he will have the opportunity to help write what happens next.

      Venture firms once competed primarily through capital, networks and operating expertise. Now, access to attention is becoming an asset of its own. Founders need help reaching customers and shaping public understanding, while investors want better ways to recognize which people and ideas will command that attention next.

      Sound Ventures hired someone who has spent a decade doing exactly that.

      Heath used to decide which technology stories were worth following.

      Now, he will help decide which ones get funded.

      More from this week’s LA startup and venture scene below.

      🤝 Venture Deals

        LA Companies

        • Maven Robotics emerged from stealth with a $100M Series A and humanoid robots already operating in warehouse deployments. The company says its robots can work for 16 hours a day with 99% uptime and is positioning itself as a reliable alternative for businesses whose existing robotics providers fail to meet deployment targets. - learn more

        LA Venture Funds
        • Bedrock Capital participated in Mach Industries’ $600M Series C extension alongside Ribbit Capital, Infinite Capital and Sequoia, bringing the round’s total to $900M and doubling the defense startup’s valuation to $3.7B in three months. The Huntington Beach company manufactures lower-cost unmanned aircraft, strike weapons and counter-drone systems, while expanding into solid rocket motors and jet-engine production to address critical defense supply-chain bottlenecks. - learn more
        • U First Capital participated in Positron AI’s $875M funding round, which was co-led by NEA, Atreides Management, Valor Equity Partners, Andra Capital, SemiAnalysis Capital and Jim Clark, valuing the AI chip startup at $5B. Positron will use the capital to bring its memory-focused Asimov processor and Titan server system to market, offering an energy-efficient alternative to GPUs for running AI models. - learn more
        • WndrCo participated in Harvey’s $550M funding round, co-led by Diffusion and Lightspeed Venture Partners, valuing the legal AI company at $15.5B. Harvey will use the capital to expand its team and advance its AI platform, which helps law firms, in-house legal departments and professional-services organizations build and manage proprietary legal intelligence. - learn more
        • Nolan Capital participated in Encoded Therapeutics’ $275M Series F, which was co-led by GV and another healthcare-focused fund and included several new and returning investors. The biotech will use the capital to advance its lead gene therapy for Dravet syndrome through pivotal studies, expand its manufacturing capabilities and prepare another treatment for post-amputation nerve pain for clinical testing in 2027. - learn more
        • UP Partners led Overroute’s $5.5M seed round to expand its AI-powered freight execution platform for large trucking fleets and logistics operators. The company’s AI agents automate load monitoring, exception management and freight coordination, helping fleets respond to disruptions and keep shipments moving with less manual work. - learn more
        • Patron Fund participated in System’s $20M funding round alongside Will Ventures, Vine, Courtside, Daybreak, SV Angel and RiverPark Ventures. The San Francisco company will use the capital to expand its vertically integrated peptide platform, which connects patients with licensed clinicians and personalized treatments from U.S. compounding pharmacies while emphasizing testing, traceability and regulatory compliance. - learn more
        • Alpha Edison led Onix’s $5M pre-seed round, with participation from Garage Capital, Ride Home Fund and strategic investors including UTA co-founder Jeremy Zimmer and Real Ventures co-founder JS Cournoyer. The Montreal startup will use the funding to develop its private AI platform, onboard more specialists and prepare for a public launch, offering personalized guidance built exclusively from licensed expert knowledge rather than information scraped from the internet. - learn more
        • Rebel Fund participated in VideoGen’s $3.3M seed round alongside Y Combinator, Lobster Capital, Stretford End Capital, Mento VC, Pioneer Fund and Decacorn VC. The San Francisco startup, which has reached more than 5M users across 190 countries, will use the funding to expand its team and grow its AI platform for producing editable, copyright-free videos. - learn more

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          Who Gave the AI Access?

          🔦 Spotlight

          Happy Friday, Los Angeles.

          The newest employee in the office does not need a desk, a salary or a coffee order. But it may have access to your company’s emails, financial records, customer data and software systems.

          That raises a fairly important question: Who decides what an AI agent is allowed to do?

          El Segundo-based cybersecurity company Saviynt is building its next chapter around the answer.

          Carrick Capital Partners announced this week that it closed a $600M continuation vehicle for Saviynt, including a new $255M investment in the company. The transaction allowed Carrick’s existing investors to either take liquidity or remain invested, while also providing liquidity to Saviynt employees through a tender offer.

          Continuation vehicles are not exactly known for making gripping Friday reading. The company behind this one is considerably more interesting.

          Saviynt develops identity security software that helps businesses determine who can access their applications, data and infrastructure. Increasingly, however, “who” does not refer exclusively to a person.

          Companies are deploying AI agents that can retrieve information, write code, communicate with customers and complete multistep tasks with limited supervision. These digital workers need access to company systems to be useful, but every new permission also creates another opportunity for sensitive information to be exposed or an unintended action to be taken.

          In other words, AI agents may be tireless employees. They are not necessarily trustworthy ones.

          Saviynt is addressing that problem through Zuma, its platform for discovering, securing and governing AI agents, large language models and other nonhuman identities alongside a company’s human workforce. The goal is to give businesses one place to determine what every identity can access, whether it belongs to an employee, a contractor, a software application or an autonomous agent operating at machine speed.

          The opportunity appears to be growing quickly. Saviynt has surpassed $300M in annual recurring revenue, up from approximately $10M when Carrick first invested. The company says bookings have increased by more than 80% this year while customer retention remains at 96%.

          The new investment was completed as part of the final close of Saviynt’s previously announced $700M Series B, which valued the company at approximately $3B. Carrick’s continuation vehicle was led by Coller Capital and co-led by HSBC Asset Management, giving the investment firm more time and capital to remain behind one of its strongest-performing companies.

          For Saviynt, the funding will support further development of its identity platform, deeper integrations with major cloud and software providers and its push to become a central security layer for the agentic workplace.

          That ambition reflects a broader change taking place inside companies. The first wave of enterprise AI focused largely on what the technology could generate. The next phase is about what it can actually do, and whether businesses can maintain control once AI moves from answering questions to taking action.

          Saviynt is betting that identity will become the gatekeeper.

          AI agents are gaining access to the digital workplace, whether corporate security teams are ready for them or not.

          Someone still has to hold the keys.

          More from this week’s LA startup and venture scene below.

          🤝 Venture Deals

            LA Venture Funds

            • Fulcrum Ventures participated in Critical Materials Group’s $10.3M seed round, led by Overmatch Ventures and joined by Victory Six Advisors. The Austin-based defense manufacturer will use the funding to develop and commission modular, automation-ready production systems designed to expand domestic manufacturing capacity for munitions and advanced energetic materials. - learn more
            • Fusion VC participated in Newlight’s $9M seed round alongside lomarlabs, BIRD Energy, Undeterred Capital and CiRi Ventures. The San Francisco-based maritime technology company recently demonstrated its hydrogen-hybrid retrofit on an 8,500-nautical-mile commercial voyage, reducing fuel consumption by 24% and carbon dioxide emissions by 28%. - learn more
            • Rebel Fund participated in Metal’s $4.5M seed round alongside a16z, Y Combinator, Gaingels, Indus Valley Capital, Phaze Ventures and Pioneer Fund. Metal will use the funding to build an AI-native operating system that helps founders identify relevant investors, manage outreach and automate other parts of the venture fundraising process. - learn more
            • UP.Partners participated in Reframe Systems’ $40M funding round, led by Energy Impact Partners and joined by Counterpart Ventures, E12 Ventures, Global Brain, Thin Line Capital and LACI Impact Fund. The homebuilding startup will use the capital to expand its network of robotics-powered microfactories, which it says can construct homes three times faster and at 35% lower cost than traditional methods. - learn more
            • Clocktower Technology Ventures participated in Sharpi’s $4M seed round, co-led by NXTP and ONEVC and joined by MAYA Capital. The Brazilian startup will use the funding to expand its team and develop autonomous AI agents that connect WhatsApp conversations with enterprise systems to automate B2B sales tasks such as order processing, customer follow-ups and demand generation. - learn more

            LA Exits

            • Extensiv, a California-based provider of warehouse management and fulfillment software, has been acquired by Descartes Systems Group for approximately $120M in cash. The acquisition adds Extensiv’s AI-enabled inventory, order, billing and omnichannel fulfillment tools to Descartes’ logistics network, strengthening its offerings for third-party logistics providers and ecommerce brands. - learn more
            • DocSolutionUSA has been acquired by Stewart Information Services alongside ProTitleUSA, adding mortgage document generation and automation capabilities to Stewart’s title services platform. The companies provide title, document and due diligence services for mortgage servicers, investors and capital markets clients; financial terms were not disclosed. - learn more
            • Fysh Foods, the Los Angeles-based plant-based seafood brand founded by creator and entrepreneur Zoya Biglary, has been acquired by City Roots Hospitality in an all-cash deal with undisclosed terms. City Roots plans to introduce Fysh Foods’ raw fish alternatives across its New York City restaurants and potentially expand the brand beyond the city as its restaurant portfolio grows - learn more

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