CerraCap Ventures, a venture capital firm in Costa Mesa, invested over $10 million in Sunnyvale-based software delivery company OpsMx.
“Securing software is an important problem,” Chief Executive Gopal Dommety told the Business Journal.
CerraCap specializes in artificial intelligence, health tech and cybersecurity investments. Last year, the VC firm reportedly invested $2.5 million in Orange County companies.
“We are bullish of investment into OpsMx considering the stellar management team and an attractive exit and acquisition market landscape,” CerraCap Ventures Partner Vikas Datt said in a statement.
OpsMx is also funded by other investors including Foundation Capital, Dell Technologies Capital and VMware LLC.
Automated Delivery
OpsMx ensures code is secure and compliant before becoming accessible to users.
“There’s a lot of steps between the writing of the code to it going live, and a lot of security problems could arise,” Dommety said. “We automate the securing of that whole process.”
OpsMx delivers software for major tech firms including Google Inc. (Nasdaq: GOOG), Salesforce Inc. (NYSE: CRM) and Cisco Systems Inc. (Nasdaq: CSCO).
The company has raised $30 million to date and said that it will use the recent funding from CerraCap to expand research and development as well as invest more in security innovations.
TadHealth Secures $1.6M in Seed Funding
A startup focused on mental health raised $1.6 million in seed funding at the end of May.
TadHealth aims to make all mental health resources for K-12 students available under one platform.
“Often times, students don’t know whether a counselor is available,” Chief Executive Ben Greiner told the Business Journal. “What the technology is doing is bridging that gap for students.”
The funding round was led by Halcyon Venture Partners with participation from the University of Southern California Viterbi School of Engineering Venture Fund, Halcyon Angels and RevFund, a seed fund of Irvine-based social enterprise incubator RevHubOC.
Greiner said the funding will go toward expanding operations and creating more partnerships with school districts both locally and nationally.
District Partnerships
TadHealth works directly with school districts to get its platform implemented on campuses.
It is currently partnered with Riverside Unified School District, the 16th largest school district in California, as well as Beverly Hills Unified School District and Nevada Joint Union High School District.
TadHealth was incubated by the USC Viterbi Startup Garage. Greiner, an alumnus of USC, was inspired to start TadHealth after witnessing his close friend during college battle a mental health crisis.
“I couldn’t access the school’s resources at that moment and really wanted to create change,” Greiner said.
TadHealth stemmed from a nonprofit organization that Greiner founded in 2018 called the Tad Project.
