Meet the New Products From Snap's Inaugural Yellow Collabs Program

Sam Blake

Sam primarily covers entertainment and media for dot.LA. Previously he was Marjorie Deane Fellow at The Economist, where he wrote for the business and finance sections of the print edition. He has also worked at the XPRIZE Foundation, U.S. Government Accountability Office, KCRW, and MLB Advanced Media (now Disney Streaming Services). He holds an MBA from UCLA Anderson, an MPP from UCLA Luskin and a BA in History from University of Michigan. Email him at samblake@dot.LA and find him on Twitter @hisamblake

Meet the New Products From Snap's Inaugural Yellow Collabs Program

Clay Weishaar and his sneaker-freaker colleagues designed Dropr, an AR app to recreate the experience of camping out overnight to score a pair of limited-edition kicks. Working with developers and engineers from Snap, they then gamified the experience and added a social component to help make it go viral.

Dropr debuted today alongside eight other companies' new products, all of them developed in conjunction with Snap as part of the company's inaugural Yellow Collabs program.

Snap has previously run three Yellow Accelerator programs, geared toward early-stage companies. In October, it launched Yellow Community, a year-round virtual and in-person (eventually) events circuit for L.A. entrepreneurs. Collabs augments these efforts to connect Snap with external minds and ideas.

The new program focuses on more established companies and helps Snap keep its finger on the pulse of innovation outside the company's walls. It also helps Snap distinguish itself from other social media companies – not only by creating new features for users, but by spreading recognition of Snap's development tools among external developers and designers who can use them for their own projects and companies.


Collabs began on September 21, with a cohort of companies creating games, experiences and other features that integrate with Snap. These integrations can live inside or outside the Snapchat app, and sometimes both, as when a user is ushered between two apps. Some integrations rely on Snap's developer tools, many of which were first announced at Snap's 2020 Partner Summit this summer.

The program focused on supporting companies using the following Snap integrations:

-Snap Minis: small apps that live within Snapchat, with no extra installation required

-Dynamic Lenses: augmented reality (AR) overlays – which Snap calls lenses – that respond to dynamically generated inputs, such as a user's location

-Scan: Computer vision technology that can match what a camera sees with relevant lenses

-SnapML: Lenses designed with machine learning neural networks

-Snap Kit: A wide suite of additional developer tools

The nine companies in the 13-week remote Collabs program worked with Snap employees and executives on product development, design and strategy. Five of the nine companies in this first cohort are based in Los Angeles.

Snap did not provide official applicant numbers, but said the "overwhelmingly positive" response has validated its approach of finding "companies with big ideas for how to leverage the Snap platform to create incredible experiences with the help of some of ours."

Introducing the Nine Projects from Snap's First Yellow Collabs Program

Almost Fun

A nonprofit that provides culturally-relevant, interactive educational resources for BIPOC and low-income students

Snap Integration: A Snap Mini designed to support users' learning, either individually or in groups with friends in their Snapchat network

Fake Artists

A Venice-based creative studio focused on using AR, ML and other tech to help brands engage fans through virtual experiences

Snap Integration: Integrates Snap's dynamic lens into its app, Dropr, which is meant to digitize fashion product-drops through AR try-ons and gamify the experience through challenges that unlock new items

"They were able to coach me on how people engage with Snapchat and the camera to create a better product," said Fake Artists co-founder Clay Weishaar, who is also one of Snap's official Lens Creators. "Originally it was just a virtual try-on...but Collabs helped us come up with gamified try-ons and using unlock mechanisms to reward people, which all comes together in this sharing loop that can reach millions of people."

The next step for Weishaar is to move from a dynamic lens Snap-integration that takes users back and forth between Dropr and Snapchat, and instead use Snap's Camera Kit to fully embed the experience into Dropr.

Givingli

Givingli

An L.A.-based gift-giving company for digital greeting cards and e-gifts

Snap Integration: A Snap Mini that helps Snapchat users share expressive greetings, celebrate special occasions and connect through giving

NewNew

NewNew

An L.A.-based social polling app, which helps groups of friends make everyday decisions

Snap Integration: Using Story Kit, one of the developer toolkits within Snap Kit, users on Snapchat and NewNew can create decision-making polls to turn their Snapchat messages into interactive content

"There was a real genuine interest in what we were building," NewNew co-founder Courtne Smith said. "They had a lot of questions and they were really interested to know how we were thinking about our products. I think they could see an immediate synergy between us and them."

"Collabs gave me insight into the inner workings of Snap and how they make decisions and what their values are," she continued. "They were really eager to teach us as much as possible...It's not every day that you get to pick the brains of people who work at these companies and do so so openly and freely."

QReal

QReal

Helps companies market and sell products through 3D and AR content with a focus on food, furniture and fashion

Snap Integration: Uses Snap's dynamic lens to import running workout data from a user's phone into a Snapchat lens, meant to help exercise apps and brands create marketing campaigns

SketchAR

SketchAR

An AI-based mobile app that helps users develop their creativity through tools like AR-assisted drawing and photo-editing

Snap Integration: A new tool that allows SketchAR users create and share their own AR lenses.

Snack Break

Snack Break

An L.A-based app-building company that focuses on "bitesize" communication to create shared experiences

Snap Integration: Arteest, Snack Break's newest app, uses Snap's dynamic lens to allow users to make drawings based on a friend's suggestions, then share their creations on Snapchat.

Stacks

Stacks

A social video studio that helps users to discover, remix and share video and gif memes

Snap Integration: A Snap Mini that enables users to share, edit and react to video and gif memes

Tastemade

Tastemade

An L.A.-based media company focused on food, travel, and home & design content; it reaches 300 million monthly viewers and has been working with Discover, Snap's curated content platform, since its launch in 2015

Snap Integration: A Snap Mini, "Tastemade Me Do It", that offers weekly recipe and DIY challenges, along with polls and stickers that users can share with friends

"We really see this as a huge opportunity to grow our audience and build an even bigger business through Snapchat," said Tastemade general manager of social, Lauren Arso.

"We love the work we do on Discover, and with the Mini platform, we were excited that we could have a little more control over the experience," she continued. "We're also working with the Snap team to create new ways to connect the Discover platform with the Mini platform."

Snap's Yellow ecosystem is now comprised of three programs – Collabs, Accelerator, and Community – but the company's developer and integration tools are not limited to program participants; most are available via a quick application process.

---

Sam Blake primarily covers media and entertainment for dot.LA. Find him on Twitter @hisamblake and email him at samblake@dot.LA

https://twitter.com/hisamblake
samblake@dot.la
PledgeLA’s Next Chapter Starts Now with Noramay Cadena

🔦 Spotlight

Happy Friday, Los Angeles! As we wrap up another busy week in LA’s tech scene, there’s big news on the leadership front. PledgeLA has a new chair, and it’s someone who knows what it takes to break barriers and build lasting impact. Noramay Cadena, a San Fernando High grad turned triple-degree MIT engineer, has spent her career defying expectations. She started in aerospace engineering, leading operations before pivoting to venture capital, where she’s invested in 90+ companies across industries. She co-founded Latinas in STEM in 2013 and later launched MiLA Capital, a seed-stage VC firm investing in hardware and manufacturing innovations. As Managing Partner of Supply Change Capital, she has focused on technology transforming the food system, raising a $40M fund and deploying over $20M into 23 companies, including eight in California. Stepping into her new role as chair of PledgeLA, she’s setting her sights on an even bigger challenge: making LA’s tech and VC ecosystem more inclusive, accessible, and globally competitive.

Noramay Cadena (left, with her son) incoming chair of PledgeLA, receives a Catalyst Award for Emerging Manager in December. (With Qiana Patterson, PledgeLA Chair 2020-22 and Managing Partner of NAYAH)

She follows in the footsteps of Anna Barber of M13, whose leadership transformed PledgeLA into a driving force for change, launching the VC Fellowship to elevate diverse investors and spearheading the GP + LP Connections Series, which facilitated over 80 investor meetings last year. She also played a key role in the Venture Capital Data Report with UCLA Luskin and introduced the PledgeLA Catalyst Awards, honoring leaders driving capital access and innovation.

Now as Chair Emerita, Barber will continue supporting PledgeLA as it enters its next phase under Cadena’s leadership.

Cadena recognizes the strength of the foundation she’s inheriting. “Anna has been instrumental in making PledgeLA a force for inclusion in LA tech and venture. I’m honored to build on that work as we take the next big leap forward,” she said. “We’re at a critical moment for LA tech. We’ve built momentum, but now is the time to turn that into real, lasting change. I’m focused on forging new partnerships, increasing capital access, and ensuring that LA’s innovation economy works for everyone—not just the few.”

Her first priorities? Expanding PledgeLA’s VC Fellowship to create more pathways into venture, strengthening connections between emerging fund managers and investors, and doubling down on community-driven initiatives. Earlier this year, PledgeLA members, including Wonder Ventures, raised $1.1M for wildfire relief efforts—a testament to the power of LA’s tech community when it mobilizes.

With Cadena at the helm, PledgeLA isn’t just continuing its mission—it’s accelerating it. Thanks to Barber’s legacy and Cadena’s vision, the future of LA tech is poised for even greater impact. For more details on the transition and what’s ahead, read the official announcement here.

And speaking of momentum, if you’re heading out this weekend, be sure to check for road closures—the LA Marathon is set to take over the streets this Sunday! Whether you’re running, cheering, or just navigating around town, it’s another reminder that LA is always on the move.

Image Source: The McCourt Foundation


🤝 Venture Deals

LA Companies

  • Scrunch AI, a Los Angeles-based platform that helps businesses optimize their presence in AI-driven search results, has raised a $4M Seed funding round led by Mayfield. The company plans to use the funds to accelerate product development and expand its market reach, aiming to ensure brands remain visible and competitive as AI search becomes more prevalent. - learn more
  • Wolf Games, a Los Angeles-based generative gaming startup, has secured $4M in seed funding. The investment round includes prominent figures such as television producer Dick Wolf, music industry pioneer Jimmy Iovine, and Paul Wachter, Founder and CEO of Main Street Advisors. Wolf Games specializes in creating generative cinematic games that adapt to individual player choices, offering immersive and personalized storytelling experiences. The company plans to use the funds to develop its inaugural game, "Public Eye," set to launch in Summer 2025. "Public Eye" is a crime procedural game where players assist in solving murder investigations, guided by an AI-powered assistant that tailors the experience to each user's play style. - learn more
  • Fixated, a digital entertainment platform, has secured $12.8M in funding, led by Eldridge Industries. Fixated specializes in transforming creator representation and monetization, providing infrastructure, strategy, and expertise to help digital creators scale their content and diversify revenue streams. The investment will be used to expand Fixated's influence across talent management, content creation, gaming, and digital entertainment, aiming to empower creators and set higher industry standards. - learn more
  • Liminal, a user-generated content (UGC) gaming startup, has secured $5.8M in seed funding. The investment round included BITKRAFT Ventures, Riot Games, and OTK Media Group, with participation from angel investors including Marc Merrill, co-founder of Riot Games. Liminal is developing a platform that enables players to create immersive role-playing game (RPG) adventures without coding knowledge, aiming to make storytelling through gaming more accessible and engaging. The funds will be used to advance the development of this platform, with plans to launch publicly playable content in the coming year. - learn more
  • Pragma, a Los Angeles-based backend game engine developer, has secured $12.75M in strategic funding, bringing its total raised to over $50M. The investment round included participation from Square Enix, Upfront Ventures, Greylock Partners, and Insight Partners. Pragma specializes in providing scalable backend solutions for live-service games, powering features like matchmaking, analytics, and monetization. The new funds will be used to enhance their suite of live-service tools, support strategic acquisitions, and strengthen partnerships within the gaming industry. - learn more
  • Tetrous, a Sherman Oaks-based biotech company focused on bone-to-tendon healing, raised $6.5M in an oversubscribed Series A round. The funds will be used to expand market reach, generate clinical data, and broaden surgical applications of its technology. - learn more
  • Uthana, a generative AI company specializing in 3D character animation, has raised a $4.3M funding round led by IA Ventures. The company plans to use the funds to expand operations and development efforts, aiming to revolutionize the animation and game development industry by enabling real-time, lifelike animations that adapt dynamically to gameplay, thereby enhancing immersion and realism. - learn more
  • LiquidTrust, a Los Angeles-based fintech company, has raised a $4M Seed funding round led by Anthemis Female Innovators Lab Fund, Resolute Ventures, and Motivate Ventures. The company specializes in secure payment solutions for small and medium-sized businesses (SMBs) and has introduced Micro Escrow Pay, an instant escrow payment solution designed to embed trust directly into payment flows. The funds will be used to expand operations and development efforts, aiming to protect SMBs from fraud and nonpayment risks. - learn more
    LA Venture Funds
      • B Capital participated in a $4.5M funding round for Bizongo, a Mumbai-based B2B e-commerce platform focused on raw material procurement and distribution, bringing the company's valuation to $980M. The funds will be used to scale operations threefold by December, expand product categories, and position Bizongo for profitability by the last quarter of FY26. - learn more
      • UP.Partners led a $4M Seed funding round for SaySo, a New York City-based retail technology company that provides an interactive shopping platform designed to turn excess inventory into profit-driven opportunities. SaySo plans to use the funds to expand its partnerships and bring its interactive clearance platform to a broader retail audience. - learn more
      • March Capital participated in a $200M Seed funding round for Lila Sciences, a company developing an AI platform combined with autonomous laboratories to accelerate scientific discovery across life, chemical, and materials sciences. The funds will be used to further develop Lila's AI platform, build the first AI-driven science factories, and scale operations to enhance scientific research capabilities. - learn more
      • Animal Capital led a $1.6M pre-seed funding round for Platter, a New York-based ecommerce technology startup. Platter specializes in helping Shopify brands create high-converting storefronts that maximize profit. The funds will be used to further consolidate disparate tools into a unified product suite, empowering Shopify brands to build more profitable storefronts. - learn more

      LA Exits

        • Tastemade, a media company known for its food, travel, and home design content, has been acquired by food delivery startup Wonder for $90M. The acquisition aims to integrate Tastemade’s content with Wonder’s services, including takeout, delivery, and meal kits, to create a comprehensive "mealtime super app." The deal is also expected to enhance Wonder’s advertising business and offer seamless access to meals featured on Tastemade’s platforms. - learn more
        • Jumpcut Media, a provider of AI-driven intellectual property management and audience analysis tools, has been acquired by Cinelytic, an AI-powered content intelligence platform. Jumpcut's platforms, such as ScriptSense and SocialSense, offer real-time insights into content development and market alignment, enhancing decision-making across the content lifecycle. This acquisition aims to integrate Jumpcut's capabilities into Cinelytic's services, optimizing decision-making in the entertainment industry. - learn more
        • FatTail, a Calabasas, California-based advertising technology company specializing in direct advertising solutions, has been acquired by Chartbeat, a media operations software platform backed by Cuadrilla Capital. This acquisition aims to integrate FatTail's advertising revenue management capabilities with Chartbeat's content analytics services, providing media companies with a unified platform to enhance both audience engagement and revenue generation. - learn more
        • Deep 6 AI, an AI-driven precision research platform specializing in accelerating patient recruitment for clinical trials, has been acquired by Tempus, a leader in AI-powered precision medicine. Deep 6 AI's platform analyzes both structured and unstructured electronic medical record (EMR) data to match patients with clinical trials, serving over 750 provider sites and encompassing more than 30 million patients. This acquisition aims to enhance Tempus' capabilities in clinical trial matching and real-world evidence generation, furthering its mission to advance precision medicine and patient care. - learn more

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              🛡️Meet the Defense Unicorn That Just Raised $250M to Stop Drone Swarms

              🔦 Spotlight

              Hello, Happy Friday!

              For this week's spotlight story, we're turning our attention to a monumental leap in defense technology achieved by Epirus, a dynamic startup based in Torrance that specializes in groundbreaking anti-drone systems. Recently, Epirus successfully secured a whopping $250 million in Series D funding, raising its total capital to over $550 million and solidifying its status as a unicorn in the defense tech sector.

              Image Source: Epirus

              At the heart of Epirus’s arsenal is Leonidas, a solid-state, directed energy system named after the fierce Spartan king. As formidable as its namesake suggests, Leonidas stands out by neutralizing unmanned systems and other electronic threats with unmatched precision—a vital capability in today’s digital battlefield where drones are increasingly common. Offering a high-tech shield against potential threats, Leonidas has established Epirus as a key player in modern warfare technology, underscored by significant contracts such as a notable $66 million deal with the U.S. Army in 2023.

              Founded in 2018 by a visionary team including Joe Lonsdale, Bo Marr, Max Mednik, Nathan Mintz, Grant Verstandig, and John Tenet, Epirus combines expertise across technology, strategy, and security to push the boundaries of defense innovation. The collective experience and strategic foresight of its founders have propelled the company's rapid growth and technological advancements.

              Looking to the future, Epirus plans to utilize this influx of capital to broaden its reach into international and commercial markets, enhance its team, fortify its supply chain, and establish a new training center in Oklahoma to further military preparedness.

              This latest round of funding was led by 8VC and Washington Harbour Partners LP, accompanied by a diverse group of new and returning investors, including strategic defense partner General Dynamics Land Systems and seasoned investors like StepStone Group and T. Rowe Price Investment Management, Inc. New stakeholders such as Oppenheimer's Private Market Opportunities Vista VI Fund, NightDragon, Manhattan Venture Partners, Centaurus Capital LP, and Center15 Capital also joined, reflecting robust market confidence in Epirus’s innovative approach and future potential.

              Keep an eye on Epirus as it navigates this exciting phase of growth and innovation. With its advanced technologies and strategic expansions, Epirus is not just responding to the challenges of today’s digital battlefield but is also setting the pace for tomorrow’s defense landscape.

              🤝 Venture Deals

              LA Companies

              • Zeitview, a Los Angeles-based leader in AI-powered infrastructure inspections, has raised a $60M funding round led by Climate Investment, with participation from Upfront Ventures and others. The funds will be used to accelerate the development of its Visual AI technology and enhance its Insights software platform, supporting infrastructure sectors such as solar, wind, utilities, properties, and telecom throughout the asset lifecycle. - learn more
              • Nervonik, a medical device company specializing in peripheral nerve stimulation for chronic pain relief, has raised a $13M Series A funding round led by U.S. Venture Partners (USVP). The funds will be used to advance the development of its next-generation nerve stimulation technology, aiming to provide effective, non-opioid pain management solutions. - learn more
              • Mote, a company specializing in carbon-negative energy production, has secured $7M in the initial close of its Series A funding round. The investment was co-led by Nella Next and Preston-Werner Ventures. Mote converts agricultural and forestry waste into clean hydrogen through its Biomass Carbon Removal and Storage (BiCRS) technology, which also sequesters carbon dioxide. The funds will be used to advance its first commercial-scale facility, expand engineering capabilities, and accelerate strategic partnerships in the hydrogen and energy sectors. - learn more
              • FastLane Labs, a developer of Maximal Extractable Value (MEV) infrastructure, has raised a $6M funding round led by Figment Capital and DBA. The funds will be used to develop a comprehensive liquid staking token on the Monad blockchain, aiming to build a sustainable MEV ecosystem that benefits users, decentralized applications (dApps), and stakers. - learn more
              • Supergut, a company specializing in gut health products like powders, bars, and shakes containing resistant starches and prebiotic fibers, has secured a significant growth equity investment led by Full Frame Growth Partners, with participation from Alpha Edison, Rocana Venture Partners, Strand Equity Partners, and others. The funds will support new product innovation, retail expansion, and new hires. Additionally, Supergut has appointed Tracey Warner Halama, former CEO of Vital Proteins, as its new CEO to lead this next phase of growth. The company has experienced a 172% sales increase in 2024, driven by its 'GLP-1 booster' product. - learn more
              • FairPlay, a Fairness-as-a-Service company, has raised a $10M funding round from Infinity Ventures, JPMorgan Chase, and Nyca Partners. FairPlay specializes in developing tools that help organizations identify and correct biases in their AI-driven decision-making processes, aiming to promote fairness and compliance in sectors like financial services and insurance. The company plans to use the funds to expand its operations and enhance its product offerings, furthering its mission to build fairness infrastructure for the internet and ensure safer AI adoption. - learn more
              • ACID Labs, a leader in instant social gaming on messaging platforms, has raised $8M in funding led by a16z GAMES Speedrun and NFX, with participation from Fusion. The funds will be used to accelerate its mission of building viral instant games where people already connect, focusing on creating seamless, social-first gaming experiences. - learn more
              • MelodAI, a company specializing in AI-generated content (AIGC) and multimodal AI agent services, has secured a new round of funding led by LF Labs. The funds will be used to advance product development and expand market presence in the Web3 and AI entertainment sectors, enhancing MelodAI's competitiveness in the global AIGC and AI agent service industries. - learn more
                LA Venture Funds
                  • Fika Ventures led a $4.7M Seed funding round for Outmarket AI, a San Francisco-based intelligence platform designed to transform commercial insurance through AI-powered insights and automation. The funds will be used to accelerate platform innovation, expand the team, and establish strategic partnerships with leading brokers and carriers. - learn more
                  • FirstLook Partners participated in a $25M equity funding round for Flex, a Miami-based fintech company that provides an all-in-one finance platform for business owners. Flex offers services such as business banking, expense management, credit cards, and accounts payable automation. The company plans to use the funds to enhance its AI-driven accounts payable automation and expand its personal finance management services for business owners. - learn more
                  • B Capital led a $96M equity investment in Odeko, a New York-based all-in-one operations and technology partner for local coffee shops, cafes, and other food and beverage businesses. Including a $30M credit facility from Banc of California, the total funding amounts to $126M. Odeko plans to use the funds to fuel growth through new services and cost savings for customers, acquire businesses to extend its market reach and product offerings, and build out its leadership team. - learn more
                  • Presight Capital participated in a $2.2M Seed funding round for Needle, an AI-powered search and agent development platform based in San Francisco and Berlin. Needle enables organizations to access and manage data across various internal systems, integrating with tools like Confluence, Slack, Gmail, and Dropbox. The funds will be used to expand the engineering team, enhance core technology, and accelerate go-to-market initiatives. - learn more
                  • Village Global participated in a $2.8M Pre-seed funding round for Orpheus Ocean, a New Bedford, Massachusetts-based company specializing in deep-sea robotics. Orpheus Ocean develops autonomous underwater vehicles (AUVs) designed to enhance deep ocean and seafloor data collection. The funds will be used to conduct the first commercial demonstrations of their AUV technology, expand their technical team, and grow their fleet to support increased deployments in the coming year. - learn more

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                        The AI Arms Race Heats Up — Who’s Really Winning?

                        🔦 Spotlight

                        Hello, LA!

                        In the ever-evolving landscape of artificial intelligence, tech giants are racing to outdo each other, unveiling innovations that promise to redefine our interaction with technology. This week, the spotlight shines on three major developments: Amazon's introduction of Alexa+, OpenAI's release of GPT-4.5, and Meta's announcement of a standalone AI app.

                        Amazon's Alexa+: Your New AI Companion

                        Image Source: Amazon

                        Amazon has unveiled Alexa+, a next-generation AI assistant powered by generative AI.According to Amazon, Alexa+ is designed to be more conversational, smarter, and highly personalized. It can manage tasks ranging from controlling smart home devices to making reservations and providing personalized recommendations. With the ability to understand colloquial expressions and complex queries, Alexa+ aims to make interactions feel less like commands to a machine and more like conversations with a trusted friend.

                        Alexa+ will be free for Amazon Prime members and available for $19.99 per month for non-members, adding a new premium tier to Amazon’s ecosystem. For more details,Amazon's official release covers the top features.

                        OpenAI's GPT-4.5: A Leap Towards Emotional Intelligence

                        Image Source: OpenAI

                        Meanwhile, OpenAI has launched GPT-4.5, its largest and most advanced AI language model to date.In OpenAI’s announcement, the company highlights how this upgrade enhances pattern recognition, connection drawing, and creative insight generation. Early testing indicates that interactions with GPT-4.5 feel more natural and intuitive, thanks to its broader knowledge base and refined personality.

                        This model is particularly adept at writing, programming, and practical problem-solving. However, OpenAI has clarified that GPT-4.5 is not a "frontier model", meaning it may not outperform highly specialized AI in certain areas. Still, it marks a significant step forward in AI’s capabilities.

                        Meta's Standalone AI App: Expanding the AI Ecosystem

                        Not to be left behind, Meta is set to launch a standalone AI app in the second quarter of 2025.As reported by CNBC, this move aligns with Mark Zuckerberg’s vision to position Meta as a leader in AI by the end of the year. The app aims to complement existing platforms like Facebook and Instagram, offering users a dedicated space to interact with Meta’s AI technologies.

                        This initiative is part of Meta’s broader strategy to enhance user engagement and stay competitive in the rapidly evolving AI landscape. With rivals like Amazon and OpenAI pushing forward, Meta is making its move to claim a seat at the AI table.

                        The Bigger Picture

                        These developments underscore a significant trend: AI is becoming increasingly integrated into our daily lives, with major tech companies striving to create more intuitive, personalized, and human-like interactions. As AI continues to evolve, users can anticipate more seamless and natural engagements with technology, blurring the lines between human and machine interactions.

                        In this high-stakes race, the real winners will be those who deliver AI that doesn’t just talk back—but truly understands.


                        🤝 Venture Deals

                        LA Companies

                        • Mitico, a Pasadena-based carbon capture technology company, has raised a $4.3M Seed funding round led by Exergon with participation from Freeflow Ventures, Alliance for Southern California Innovation, and others. The funds will be used to accelerate pilot testing and scale its technology, which captures over 95% of CO₂ emissions from industrial sources like gas-fired power plants and waste-to-energy facilities. - learn more
                          LA Venture Funds
                          • Alexandria Venture Investments participated in Eikon Therapeutics' $351M Series D funding round to support the company's advancements in live-cell imaging and protein movement analysis for drug discovery. Based in Hayward, California, Eikon is leveraging its proprietary technology to develop new treatments, with a focus on melanoma and other cancers. The funds will be used to accelerate drug discovery programs and expand clinical research efforts. - learn more
                          • MTech Capital participated in a €14.4M Series B funding round for Napo, a London-based InsurTech startup specializing in comprehensive pet insurance solutions. The funds will be used to enhance Napo's AI and automation capabilities, aiming to provide more efficient and customer-focused services to pet owners. - learn more
                          • Mantis VC participated in a $15M Series A funding round for Edera, a Seattle-based company specializing in workload isolation technology. Edera's solutions enhance cloud and AI infrastructure security by providing strong workload isolation, enabling developers to build rapidly without compromising security. The funds will be used to expand Edera's product offerings, including support for AI infrastructure, and to accelerate the adoption of their technology in securing cloud-native environments. - learn more
                          • B Capital participated in a $13.4M Seed funding round for Goose, a Chicago-based technology company developing a next-generation operating system for pet care providers. Goose's platform integrates services such as boarding, day care, grooming, training, and retail, aiming to streamline operations and enhance customer interactions for pet care businesses. The newly raised funds will be used to accelerate product development, expand partnerships, and meet the growing demand for their enterprise-ready platform. - learn more
                          • 75 & Sunny Ventures participated in a $6.7M Seed funding round for HouseWhisper, a Seattle-based company developing an AI-powered assistant designed to enhance real estate agents' productivity by automating administrative tasks. The funds will be used to advance product development, expand the team, and enhance AI capabilities, aiming to transform agent workflows and improve client engagement. - learn more
                          • Dangerous Ventures participated in an $18.5M Series A funding round for Cambium, a Baltimore-based supply chain technology company specializing in sustainable wood products. Cambium leverages AI to transform salvaged wood into Carbon Smart™ Wood and mass timber products, aiming to modernize the $788 billion wood products industry. The funds will be used to deploy AI technology, strengthen their wood supply network, expand into mass timber offerings, and scale operations to meet the growing demand for sustainable building materials. - learn more
                          • Nomad Ventures led a $1.7M Pre-seed funding round for WilsonAI, a London-based company developing the world's first AI-powered paralegal designed to integrate directly into in-house legal teams. Founded in August 2024 by Gus Neate and Alex Wang, WilsonAI aims to automate repetitive legal tasks, such as handling routine requests and reviewing contracts, thereby streamlining workflows. The funds will be used to enhance WilsonAI's AI capabilities, expand integrations with existing legal tech systems, and accelerate customer onboarding across various industries. - learn more
                          • Bill Silva Ventures participated in an €800,000 funding round for Solid IO, a Helsinki-based medtech company specializing in patient-specific organ-on-chip technology. Solid IO's platform replicates individual tumor microenvironments to provide real-time, accurate data on cancer responses to immunotherapies and combination treatments. The funds will be used to advance their tumor-on-chip platform, aiming to enhance personalized cancer treatment and improve patient outcomes. - learn more

                                LA Exits

                                • Loki Solutions, a company specializing in advanced cyber operations and intelligence analysis, has been acquired by VTG to expand its capabilities within the intelligence community. The acquisition strengthens VTG’s offerings in national security and cyber defense, integrating Loki Solutions’ expertise to support critical missions. - learn more
                                • Dave's Hot Chicken, a Pasadena, California-based chain renowned for its Nashville-style hot chicken, has been acquired by private equity firm Roark Capital in a deal valued at approximately $1 billion. Founded in 2017, Dave's Hot Chicken has rapidly expanded to over 250 locations worldwide, generating around $1 billion in annual sales. The company is majority-owned by its founders—Dave Kopushyan, Arman Oganesyan, Tommy Rubenyan, and Gary Rubenyan—and counts rapper Drake among its investors. Roark Capital, based in Atlanta, manages $38 billion in assets and owns a portfolio of major restaurant brands, including Arby's, Culver's, and Subway. - learn more
                                • Mob Scene, a premier Hollywood marketing agency specializing in film studios, television networks, and streaming services, has been acquired by Connekkt Media, one of Asia's largest media and entertainment-technology companies. This strategic acquisition aims to combine Mob Scene's creative marketing expertise with Connekkt Media's technological capabilities, enhancing their global reach and service offerings. Under the new agreement, Mob Scene's co-founder and CEO, Tom Grane, will continue to lead the company. - learn more
                                • Curious Refuge, a platform dedicated to supporting generative AI storytellers, has been acquired by Promise, a pioneering film and media company. This acquisition aims to empower and discover AI-driven storytellers worldwide, fostering a vibrant creative community that connects artists, filmmakers, and technologists. By integrating Curious Refuge's resources and community with Promise's innovative approach, the collaboration seeks to revolutionize the landscape of AI-generated storytelling. - learn more

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