Out-of-state firms power big Orlando VC deals in May

Two Orlando companies combined to raise more venture capital in May than all Central Florida startups raised in the first quarter combined, thanks to out-of-state investment firms. 

Boston-based Elephant led a $20 million round for Maitland-based cybersecurity company ThreatLocker Inc., and Santa Clara, California-based Intel Corp.’s Intel Capital co-led a $23 million round for Orlando-based autonomous shuttle firm Beep Inc.