*socaltech.com <http://socaltech.com> TechNews - Wednesday, July 22, 2020* Edited by Benjamin F. Kuo ISSN: 1524-6736 http://www.socaltech.com/News <https://www.socaltech.com/News> ------------------------------
*Sponsored By * Pacific Western Bank, Venture Banking Group (http://www.pacwest.com/lending-solutions/venture-lending) Stubbs Alderton Markiles, LLP (http://www.stubbsalderton.com). Business. Technology. Law. Vision. KPMG (http://home.kpmg/us/en/home/about/offices/los-angeles-1.html) Level up with KPMG ------------------------------ *Headlines * - Swoop Snags $3.2M In Seed Funding <#0080129> - Whip Media Group Selected By Shout! Factory <#0080128> - The Lundquist Institute Gets $1.75M <#0080127> - Report: Snap Launches Investigation Into Racism, Sexism <#0080126> - HelpWith Black Equity Launches To Connect Volunteers With Racial Equity Efforts <#0080125> - VCs, Investors, Celebrities Back New Women's Soccer League For LA <#0080124> - Datto, With New Offices In Irvine, Acquires Gluh <#0080123> *Marketplace* - Technology Management and Operational Outsourcing – PulseOne <#ad765> - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - Pacific Western Bank, Venture Banking Group <#ad749> - Support Our News Coverage - Become A Member Today! <#ad680> *Wednesday, July 22, 2020* *Accelerating Growth For Early Stage Innovation. <http://www.preccelerator.com>* The Preccelerator® Program is an accelerator for early-stage startups offered to select companies out of the Santa Monica office of Stubbs Alderton & Markiles, LLP that provides initial capital, sophisticated legal services, interim office space, mentorship, a targeted curriculum, investment strategy counseling and access to a strategic perks portfolio with the objective of helping you grow your idea from business concept to funded startup. www.preccelerator.com *Swoop Snags $3.2M In Seed Funding* <https://www.socaltech.com/fullstory/0080129.html> Los Angeles-based Swoop, a new startup which develops software for limousine, party bus, and other transportation providers, has raised $3.2M in a seed funding round. The funding was led by Signia Venture Partners, South Park Commons, and angels. The startup, led by CEO and co-founder Amir Ghorbani, said he created the company after he saw, during college, the struggle that small business vehicle owners have while helping with his parents' limousine business. (More... <https://www.socaltech.com/fullstory/0080129.html>) *Whip Media Group Selected By Shout! Factory* <https://www.socaltech.com/fullstory/0080128.html> Los Angeles-based Whip Media Group, a developer of software used by the entertainment industry to manage content, said that Shout! Factory, also based in Los Angeles, has selected its platform. Financial details of the deal were not announced. Whip Media says that Shout! is using its products to streamline and monetize their transactional digital sales, and to provide real-time performance data to partners. (More... <https://www.socaltech.com/fullstory/0080128.html>) *The Lundquist Institute Gets $1.75M* <https://www.socaltech.com/fullstory/0080127.html> Torrance-based The Lundquist Institute for Biomedical Innovation announced on Tuesday that it has received $1.75M as a donation, to fund a multi-site, clinical trial to evaluate the efficacy and safety of the compound psilocybin in individuals with severe psychological distress associated with a terminal medical illness. Source of the funding was not announced. According to the company, the study is being led by Charles S. (More... <https://www.socaltech.com/fullstory/0080127.html>) *Report: Snap Launches Investigation Into Racism, Sexism* <https://www.socaltech.com/fullstory/0080126.html> Venice, California-based Snap Inc. has reportedly launched an investigation into accusations of racism and sexism in the company, according to a report from the Business Insider. The investigations are allegedly over "whitewashing" within Snap, and disparagement of Block representation in media, according to the report. Snap has not yet announced any information on the alleged investigation. (More... <https://www.socaltech.com/fullstory/0080126.html>) *HelpWith Black Equity Launches To Connect Volunteers With Racial Equity Efforts* <https://www.socaltech.com/fullstory/0080125.html> A new effort--HelpWith Black Equity, said on Tuesday that it has launched, to help connect people with time and skills to projects advancing racial equity across the globe. (More... <https://www.socaltech.com/fullstory/0080125.html>) *VCs, Investors, Celebrities Back New Women's Soccer League For LA* <https://www.socaltech.com/fullstory/0080124.html> Local venture capitalists, investors, and celebrities have launched an effort to bring a new, professional women's soccer team to Los Angeles, as part of the National Women's Soccer League (NWSL). According to Angel City--although it has yet to have an official name or venue--the group hopes to announce one before the end of the year. (More... <https://www.socaltech.com/fullstory/0080124.html>) *Datto, With New Offices In Irvine, Acquires Gluh* <https://www.socaltech.com/fullstory/0080123.html> Datto, a developer of cloud-based software for the managed service provider (MSP) market--which just opened up a new office in Irvine--said that it has acquired Gluh Pty Ltd, an Australian company which develops software that allows MSPs to simplify procurement of IT products and services. Financial details of the acquisition were not announced. Datto is owned by private equity investor Vista Equity Partners. (More... <https://www.socaltech.com/fullstory/0080123.html>) *Technology Management and Operational Outsourcing – PulseOne <https://pulseone.com/sct/>* PulseOne is a business services company specialized in delivering IT-enabled solutions to emerging and high growth companies. Bringing together the world's best technologies, renowned engineering design, and proven implementation, PulseOne is uniquely positioned for Central and South Coast based businesses to plan, build and manage your technology infrastructure - from strategy to ongoing support. Our scalable model allows companies to utilize the services they need as they grow, making high value outsourced IT management cost effective for your growing business. Staffed with technology specialists and lead by business veterans, PulseOne is designed to support your business needs. For more information on what we can do for you, contact us via https://pulseone.com/sct/ or email us at [email protected]. *Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <https://www.bestronics.com>* Are the great ideas stacking up faster than your engineering resources can handle? Your company needs a reliable resource of analog/digital and software engineers to understand your issues, define the problem statements and lay out a course of action to output hardware products ready for integration into your system. Our unique capabilities, used by many in the medical, scientific, military and aerospace industries, allow us to offer engineering services that result in deliverable, production ready subsystems so you can concentrate on targeting your customer base and not stressing about the right mix and numbers of engineering talent needed to see your vision become reality. Contact us at http://www.bestronics.com *Pacific Western Bank, Venture Banking Group <http://www.pacwest.com/lending-solutions/venture-lending>* Pacific Western Bank is a commercial bank with over $26 billion in assets and 76 branches primarily located in California, with one in Denver, Colorado and another in Durham, North Carolina. Our Venture Banking Group offers a comprehensive suite of financial services focused on entrepreneurial businesses and their venture capital and private equity investors. We also offer Community Banking and National Lending services. For more information about the Venture Banking Group, visit www.pacwest.com/lending-solutions/venture-lending, or send an email to Brian Weber at [email protected] *Support Our News Coverage - Become A Member Today! <https://www.socaltech.com/Membership>* We often get asked--how do we pay for our news coverage and our publishing efforts? That's simple -- it's a combination of our sponsors and YOU. How can YOU make sure you continue to get news on Southern California's technology industry? By becoming a member of socaltech! Not only do you get to support our news coverage, but you also get access to our big database of Southern California companies, venture investors, service providers, and deal information, and many other resources. We are relying on YOU! Join today at http://www.socaltech.com/Membership ------------------------------ *Recent Funding <#funding>* 7/20/20 Gemist <https://www.socaltech.com/intelligence/?action=showdeal&id=100579> Los Angeles $0.00 M 7/20/20 Carbonated Games <https://www.socaltech.com/intelligence/?action=showdeal&id=100581> El Segundo $8.50 M 7/20/20 Ready, Set, Food! <https://www.socaltech.com/intelligence/?action=showdeal&id=100582> Encino $3.00 M 7/09/20 Kernel <https://www.socaltech.com/intelligence/?action=showdeal&id=100542> Los Angeles $53.00 M 7/08/20 VelosBio Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=100084> San Diego $137.00 M 6/25/20 Treehouse Games <https://www.socaltech.com/intelligence/?action=showdeal&id=100533> Los Angeles $2.60 M 6/25/20 Clickup <https://www.socaltech.com/intelligence/?action=showdeal&id=100534> San Diego $35.00 M 6/24/20 Pipe <https://www.socaltech.com/intelligence/?action=showdeal&id=100532> Los Angeles $60.00 M 6/23/20 Scalefast <https://www.socaltech.com/intelligence/?action=showdeal&id=100510> Manhattan Beach $21.58 M 6/17/20 DroneBase, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=100472> Los Angeles $7.50 M 6/16/20 UNEST <https://www.socaltech.com/intelligence/?action=showdeal&id=100471> Hollywood $9.00 M 6/03/20 TAE Life Sciences <https://www.socaltech.com/intelligence/?action=showdeal&id=100255> Foothill Ranch $30.00 M 5/26/20 Apeel Sciences <https://www.socaltech.com/intelligence/?action=showdeal&id=100217> Goleta $250.00 M 5/21/20 Aspiration <https://www.socaltech.com/intelligence/?action=showdeal&id=100213> Marina Del Rey $135.00 M ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html ------------------------------ *Recent Job Postings * More jobs at http://www.socaltech.com/Jobs ------------------------------ ------------------------------ *Sponsored By * Stubbs Alderton Markiles, LLP (http://www.stubbsalderton.com). 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