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Weekly Funding Highlights: ImmunityBio and Stelo Labs

Weekly

This week, the business sphere spotlighted Weekly financial reports with Weekly tales of success. ImmunityBio and Stelo Labs stood out with their significant Weekly capital boosts. ImmunityBio, a prominent figure in the Weekly roundup, secured a hefty $50 million. Their Weekly triumph illustrates a growing trust in the health sector’s potential for innovation. Stelo Labs, not far behind, proudly announced a $6 million boost. Weekly achievements in funding like these showcase a vigorous market, eager to foster advancements in technology and health.

In the latest funding news, two Southern California companies have secured substantial investments. Here’s a summary of the recent fundraising activities:

ImmunityBio: Culver City-based immunotherapy platform ImmunityBio has raised $50 million in equity financing from multiple institutional investors. This funding will provide further working capital and support the company’s business operations.

Stelo Labs: Walnut-based web3 security company Stelo Labs has successfully closed a $6 million seed round, with leading participation from Andreessen Horowitz. These funds will be used to expand the team and develop an embedded version of its API product.

Stakeholder Labs: Santa Monica-based enterprise software company Stakeholder Labs secured $4.2 million in a seed funding round, led by Seven Seven Six.

GroupSolver: San Diego-based online consumer research platform GroupSolver raised $2.8 million in funding, according to an SEC filing.

VIE Technologies Inc: A San Diego-based automation manufacturing company, VIE Technologies Inc, also received $2.1 million in funding, as reported in an SEC filing.

These investments will fuel growth and innovation for the respective companies, supporting their efforts in the evolving business landscape.

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