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SOCi Secures $120 Million to Boost AI and Market Expansion

Additional Noteworthy Raises in Southern California

SOCi, a West Hollywood-based social media marketing platform, has successfully raised $120 million in funding, with leading support from JMI Equity. SOCi significant investment will be instrumental in the company plans to invest in artificial intelligence technology and expand into new markets, including manufactured goods.

Rapport Therapeutics Lands $100 Million for Precision Therapies

San Diego-based clinical stage biotechnology company Rapport Therapeutics has achieved a major milestone by securing $100 million in a Series A funding round. Notable investors include Third Rock Ventures, ARCH Venture Partners, and Johnson & Johnson Innovation.

Here are some other noteworthy fundraising activities in Southern California:

LENZ Therapeutics: A San Diego-based biopharmaceutical company, LENZ Therapeutics, successfully raised $83.5 million in a Series B financing round led by Sectoral Asset Management.

The Believer Company: A West Hollywood game studio, The Believer Company, secured $55 million in Series A financing with Lightspeed Venture Partners as the lead investor.

Cars & Bids: An online automotive marketplace based in San Diego, Cars & Bids, raised $55 million in funding, as reported in an SEC filing.

Fly By Jing: Los Angeles-based spicy sauce startup, Fly By Jing, raised $12 million in Series B funding from Prelude Growth Partners and Pendulum.

Evofem Biosciences: A San Diego-based biotechnology company, Evofem Biosciences, raised $1.3 million in funding, according to an SEC filing.

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