Amplify Community Update 4/2/25
Mavvrik, a platform that analyzes and optimizes cloud and AI spending to streamline financial operations, announced its rebrand and $6.2M in Seed funding. Formerly known as DigitalEx, Mavvrik helps businesses maximize savings and efficiency by providing real-time FinOps insights and cost optimization strategies. With its latest raise, the company is expanding its AI-driven capabilities to further empower […]
Support the LA Tech Community Cares Fund
Dear Amplify friends and family, Thank you to so many of you who sent messages of support and offered your time and resources to us and our extended community impacted by LA’s recent wildfires. We’ve received an outpouring of interest in finding a way to give back and support the effort to rebuild, and so […]
Supporting Our Community During the LA Fires
Dear LA Neighbors and Friends, I hope this email finds you all safe. As the fires continue to affect our communities in Los Angeles, we want to share some resources to support those impacted and ways we can help. We understand that not everyone receiving this email is based in LA, but if you know […]
Amplify Community Update 11/13/24
Pryzm, an AI-powered intelligence platform to accelerate government contract capture, announced its $2M Pre-Seed, led by Amplify.LA and XYZ Venture Capital, with participation from First In. With a mission to simplify the intricate government contracting landscape, Pryzm’s platform consolidates crucial data from contracts, congressional hearings, and industry updates, providing startups with a clearer path to […]
Why We Invested in Pryzm: Data-Driven Government Contracting
Last year, the U.S. federal government awarded roughly 11,000,000 contracts worth more than $700,000,000,000 for the goods and services that keep America running. Lockheed, Boeing, Raytheon – these are the companies we think of when we hear the term “government contractor.” And they are surely the most prominent, taking in billions each year with the […]
1H’24 Los Angeles Seed Report
We’re excited to share the most recent update of our LA Seed Report, encompassing all Seed funding to SoCal companies in the first half of 2024. As always, let’s begin with national seed activity (Crunchbase). Investors allocated a total of $7.5B into Seed stage companies in 1H ‘24 ($3.6B in Q1 and $3.9B in Q2). […]
Amplify Community Update 7/16/24
FloQast, the leading provider of accounting workflow automation and close management software, announced their $100M Series E led by ICONIQ Growth, with participation from BDT & MSD Partners, World Innovation Lab (WiL), Meritech Capital, and Sapphire Ventures. CEO Mike Whitmire emphasized the importance of this investment in driving the company’s mission to streamline the accounting […]
Why We’re Backing Heliux
Heliux aims to rebuild the manufacturing stack one module at a time (PLM → ERP → MES), eventually becoming an all-in-one, AI-powered enterprise operating system for manufacturers. A recent McKinsey Report noted that “in the United States, manufacturing accounts for $2.3 trillion in GDP, employs 12 million people, and supports hundreds of local economies. Although […]
Amplify Community Update 3/13/24
Upwards (formerly WeeCare), the leading national childcare network and care benefits company, announced their $21M Series B led by Alpha Edison, with participation from existing investors M13 and Fika Ventures. “Upwards has quickly become a leader in childcare benefits by leveraging technology to connect families, caregivers, employers, and governments – a powerful alliance to solve care […]
Los Angeles 2H 2023 Seed Report
We’re excited to share the most recent update of our LA Seed Report, encompassing all seed funding to SoCal companies in the second half of 2023. In 2023, funding to US based companies fell to just $138B, down “37% YoY.” Looking just at Seed stage funding, 2H ‘23 deals totalled $6.4B, down from $7.9B during the […]
