Los Angeles

Lucid Sight and GIBLIB top Los Angeles's recent funding news

AI Assisted Icon
Published on April 09, 2019
Lucid Sight and GIBLIB top Los Angeles's recent funding newsPhoto: Markus Spiske/Unsplash

Los Angeles-based computer company Lucid Sight has secured $6 million in Series B funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced April 2 and led by Salem Partners.

According to its Crunchbase profile, "Lucid Sight, Inc. develops games with digital scarcity and true digital ownership as first principles. Lucid Sight is founded by serial entrepreneurs Randy Saaf and Octavio Herrera along with experienced game developer Fazri Zubair. Lucid Sight is based in Los Angeles and employs 25 diverse and talented individuals with deep game industry experience."

The four-year-old startup has raised two previous funding rounds, including a $4.5 million Series A round in 2016.

The round brings total funding raised by Los Angeles companies in software over the past month to $10 million. The local software industry has seen 130 funding rounds over the past year, securing a total of $777 million in venture funding.

In other local funding news, medical education company GIBLIB announced a $2.5 million seed funding round on April 3, led by Mayo Clinic.

According to Crunchbase, it is "a place for surgeons to share medical lectures and surgical videos."

Founded in 2015, the company has raised two previous rounds, including a seed round in 2017.


This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.