Local startups and established companies in the technology sector all made headlines in October.
Multiple South Florida startups raised funding last month, with investors backing everything from blockchain gaming to temporary staffing platforms. Other businesses made major acquisitions and personnel changes. Here's a look at some of the stories you may have missed.
Trending: Bankrupt data center provider Cyxtera will sell assets for $775 million
Fundings
SYN Ventures founders Jason Leek and Patrick Heim
Steve Fogel Photography
- Miami-based Syn Ventures closed a $75 million seed fund to invest in cybersecurity startups.
- Traba, an online marketplace that connects light industrial workers with businesses that need to fill shifts, raised $22 million in a funding round led by Founders Fund.
- Blockchain gaming platform Game of Silks raised $5 million from a group of investors. Based in Boca Raton, the company is behind a fantasy thoroughbred horse racing game. Players can purchase digital versions of real racehorses and earn rewards and prizes based on race results.
- Daash Intelligence, a predictive intelligence platform for retail markets, closed a $2.75 million seed investment round led by Silicon Road Ventures and New Stack Ventures.
Personnel changes
Peggy Johnson, CEO of Magic Leap, at the company headquarters in Plantation.
Jock Fistick / South Florida Business Journal
- Magic Leap CEO Peggy Johnson resigned. She was replaced by technology industry executive Ross Rosenberg.
- UpHealth Holdings slashed its corporate team and appointed a new CEO after filing for Chapter 11 bankruptcy. The telemedicine company named Martin Beck chief executive officer, replacing Samuel Meckey.
- A group of shareholders at Boca Raton satellite maker Terran Orbital sent a letter to the board where they advocated for replacing chairman and CEO Marc Bell. The shareholders also recommended the board undertake a "strategic review" of its management practices.
- Former Flora Growth CEO Hussein Rakine resigned from his role on the cannabis industry company's board of directors.
- Miami blockchain startup Yuga Labs laid off an unspecified number of employees.
M&A
Factorial Founders Pau Ramon, Bernat Farrero, Jordi Romero
Factorial
- Factorial, the Spain-based human resources software firm that established its North American headquarters in Miami this year, acquired expense management startup Fuell for an undisclosed sum.
- Miami's I Squared Capital entered into an agreement to acquire up to 95% of Absolute Energy, an Italian renewable energy developer.
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