With so much going on in the thriving LA tech and startup ecosystem, it is easy to miss some of the news in the space. We keep you abreast of the things that you may have missed in LA Tech news for the week ending 3/8 featuring news for Zeitview, Nervonik, and much, much more.
Zeitview – $60M Venture
AI
INFRASTRUCTURE
Zeitview, an AI-powered visual inspection platform for critical infrastructure, has raised $60M in Venture funding led by Climate Investment. Founded by Daniel Burton and Eli Tamanaha in 2014, Zeitview has now raised a total of $174M in reported equity funding.
Nervonik – $13M Series A
MEDICAL DEVICE
HEALTHTECH
Nervonik, a medical device company that focuses on using nerve stimulation for chronic pain relief, has raised $13M in Series A funding led by U.S. Venture Partners. Founded by Aydin Babakhani in 2021, Nervonik has now raised a total of $17.4M in reported equity funding.
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Mote – $7M Series A
CLEANTECH
ENERGY
Mote, a carbon conversion and removal platform that turns woody waste into hydrogen and other usable forms of energy, has raised $7M in Series A funding led by Preston-Werner Ventures and Nella Next. Founded in 2020, Mote has now raised a total of $8.2M in reported equity funding.
FastLane – $6M Venture
FINTECH
BLOCKCHAIN
FastLane, a holistic liquid staking token for decentralized finance, has raised $6M in Venture funding led by Figment Capital and DBA. Founded by Alex Watts and Jordan Hagan in 2019, FastLane has now raised a total of $8.3M in reported equity funding.
