This Week in ‘Raises’: Genies Lands $150M To Make Metaverse Avatars

Decerry Donato

Decerry Donato is a reporter at dot.LA. Prior to that, she was an editorial fellow at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.

Genies
Photo courtesy of Genies.

This week in “Raises,” virtual avatar startup Genies—which recently welcomed Bob Iger as board member—landed fresh funding from tech-focused private equity firm Silver Lake. Meanwhile, cybersecurity startup Obsidian received backing from a trio of Silicon Valley VCs.


Venture Capital

Genies, which makes metaverse startups for celebrities, raised a $150 million Series C funding round led by Silver Lake.

SaaS cybersecurity firm Obsidian Security raised a $90 million Series C funding round led by Menlo Ventures, Norwest Venture Partners and IVP.

Studio, an online learning platform providing creative courses taught by famous artists, raised a $50 million Series B round led by Human Capital.

Feminine care and beauty brand Rael raised $35 million in new funding, per an SEC filing.

Welcome Tech, a fintech startup providing financial tools and services for immigrants, raised $30 million in funding led by TTV Capital.

Virtual diabetes clinic 9am.health raised $16 million in Series A funding co-led by 7Wire Ventures and Human Capital.

Web3 game developer Digital Insight Games raised $7.5 million in Series A funding co-led by Hivemind Capital and Griffin Gaming Partners.

Biotech startup Pictor raised $6.1 million in funding led by K1W1 and Marko Bogoievski.

Plant-based food producer Mikuna Foods raised $5.6 million in seed funding from athlete angel investors including Leticia Bufoni, Mick Fanning and Sage Kotsenburg.

Winden, which provides digital banking services for entrepreneurs, raised $5.3 million in seed funding led by Accel.

Music tech startup Trac raised $2.5 million in pre-seed funding led by Zrosk.

Biotech startup Sampling Human raised $2 million in funding led by i&i Biotech Fund.

Raises is dot.LA’s weekly feature highlighting venture capital funding news across Southern California’s tech and startup ecosystem. Please send fundraising news to Decerry Donato (decerrydonato@dot.la).

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Colleen Wachob On Navigating Her Wellness Journey As An Entrepreneur

Decerry Donato

Decerry Donato is a reporter at dot.LA. Prior to that, she was an editorial fellow at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.

Colleen Wachob On Navigating Her Wellness Journey As An Entrepreneur
Courtesy of Behind Her Empire

On this episode of Behind Her Empire, mindbodygreen co-founder and co-CEO Colleen Wachob shares her perspective on managing stress and navigating self-worth as an entrepreneur and the importance of celebrating the wins in your business.

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Indji Systems Introduces Groundbreaking Hail Detection Technology to Protect Solar Panels and Prevent Millions in Damages

Decerry Donato

Decerry Donato is a reporter at dot.LA. Prior to that, she was an editorial fellow at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.

Indji Systems Introduces Groundbreaking Hail Detection Technology to Protect Solar Panels and Prevent Millions in Damages

Last week, Indji Systems, a Los Angeles-based software and online services company added its new hail detection technology to its Indji Watch platform. The latest addition to its platform comes at a time when insurers are requiring these sites to demonstrate mitigation strategies and protocols to prevent significant damage to its assets and solar panels.

The cloud based software that was announced in 2008 aims to equip solar industry players with capabilities to anticipate hail events and implement effective defensive measures for its sites.

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LA Tech ‘Moves’: Mapp Gains New CPO and CTO, Prodoscore Taps Boeing Exec

Decerry Donato

Decerry Donato is a reporter at dot.LA. Prior to that, she was an editorial fellow at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.

LA Tech ‘Moves’: Mapp Gains New CPO and CTO, Prodoscore Taps Boeing Exec
LA Tech ‘Moves’:

“Moves,” our roundup of job changes in L.A. tech, is presented by Interchange.LA, dot.LA's recruiting and career platform connecting Southern California's most exciting companies with top tech talent. Create a free Interchange.LA profile here—and if you're looking for ways to supercharge your recruiting efforts, find out more about Interchange.LA's white-glove recruiting service by emailing Sharmineh O’Farrill Lewis (sharmineh@dot.la). Please send job changes and personnel moves to moves@dot.la.

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