*socaltech.com <http://socaltech.com> TechNews - Thursday, January 14, 2021* 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 * - Drata Gets $3.2M For Security Compliance <#0080802> - AeroVironment Acquires Arcturus UAV For $405M <#0080803> - BMW Plugs Into EVgo <#0080804> - Ando Launches Climate Friendly Banking App <#0080805> - Qualcomm Acquires NUVIA <#0080801> - Longeve Brands Lands $5M For Meat Alternative <#0080800> - Ring Deploys End-To-End Encryption <#0080799> - CookUnity Picks Up $15.5M, Eyes Los Angeles <#0080795> *Marketplace* - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - Accelerating Growth For Early Stage Innovation. <#ad764> - UK Government's Department for International Trade (DIT) <#ad756> - Pixelgate.net - Internet Access, Web Hosting, Network Services <#ad188> *Thursday, January 14, 2021* *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] *Drata Gets $3.2M For Security Compliance* <https://www.socaltech.com/fullstory/0080802.html> San Diego-based Drata, a startup developing security automation and compliance software, has raised $3.2M in a seed funding, the company said Wednesday. According to the company, the funding was led by Cowboy Ventures, and also included Leaders Fund and SV Angel, along with angel investors. Drata was founded by Adam Markowitz, Daniel Marashlian, and Troy Markowitz. (More... <https://www.socaltech.com/fullstory/0080802.html>) *AeroVironment Acquires Arcturus UAV For $405M* <https://www.socaltech.com/fullstory/0080803.html> Simi Valley-based unmanned aerial vehicle maker Aerovironment says it is acquiring Arcturus UAV, a developer of unmanned aircraft used by the military, in a deal worth $405M in cash and stock. AeroVironment said it would pay $355M in cash and $50M in stock for Arcturus, which is based in Petaluma, Claifornia. Arcturus has approximately 270 employees, and is one of four companies working on the U.S. Army's FTUAS program, a next generation UAS program which is potentially worth a billion dollars. ( More... <https://www.socaltech.com/fullstory/0080803.html>) *BMW Plugs Into EVgo* <https://www.socaltech.com/fullstory/0080804.html> Los Angeles-based electric vehicle charging network operator EVgo says that car manufacturer BMW has tied into its network, and launched a new program called BMW Charging Powered by EVgo. Financial details of the partnership were not announced, however, EVgo said that BMW EV drivers will be able to access public charging through one simple interface, and BMW will provide a $100 EVgo charging credit for new owners/lesees of its all-electric/battery electric vehicle models. (More... <https://www.socaltech.com/fullstory/0080804.html>) *Ando Launches Climate Friendly Banking App* <https://www.socaltech.com/fullstory/0080805.html> San Diego-based Ando, a new startup offering up mobile banking, says it has launched a free banking service which proactively combats climate change. The startup--led by CEO JP McNeil--says it specifically uses its deposits to support investments in clean energy, sustainable infrastructure, and regenerative agriculture efforts. The company claims it offers up transparency on its efforts, showing how deposits are being used in areas like clean energy and sustainable transportation. (More... <https://www.socaltech.com/fullstory/0080805.html>) *Qualcomm Acquires NUVIA* <https://www.socaltech.com/fullstory/0080801.html> San Diego-based Qualcomm announced on Wednesday that it has acquired NUVIA, a company that develops next general CPU designs. Qualcomm said it will pay approximately $1.4 billion before working capital and other adjustments. Qualcomm said it will use the acquisition of NUVIA to help bolster its Snapdragon technology. The company said the NUVIA has Systems on a Chip (SoC) expertise, experience in high performance processors, and more. NUVIA is based in Santa Clara, California. (More... <https://www.socaltech.com/fullstory/0080801.html>) *Longeve Brands Lands $5M For Meat Alternative* <https://www.socaltech.com/fullstory/0080800.html> Irvine-based Longeve Brands, which is developing plant-based meat alternatives, said on Wednesday that it has raised $5M in a seed funding round. The funding came from Wavemaker Partners and Springboard Ventures. According to the startup, the funding will go to expand its plant-based protein product line. The company's shelf stable products are based on pea protein, and is aimed at what the company describes as the "flexitarian" market. (More... <https://www.socaltech.com/fullstory/0080800.html>) *Ring Deploys End-To-End Encryption* <https://www.socaltech.com/fullstory/0080799.html> Los Angeles-based security camera and doorbell maker Ring, which is part of Amazon, said on Wednesday that it has launched end to end encryption for its products. According to the company, it has started rolling out end-to-end encryption to all eligible Ring devices, first as a "technical preview" that must be turned on by the user. Ring said the new feature comes on top of the encryption the company already uses when videos are uploaded to the cloud. (More... <https://www.socaltech.com/fullstory/0080799.html>) *CookUnity Picks Up $15.5M, Eyes Los Angeles* <https://www.socaltech.com/fullstory/0080795.html> CookUnity, a startup which connects up and coming chefs with consumers with fully cooked and prepared meals delivered via weekly subscription, says it is opening up a new kitchen in Los Angeles, after raising $15.5M in a Series A funding round. The startup--based in New York--said the funding will allow it to open up two new kitchens, including the ones in Los Angeles, and one in Texas. The funding was led by Fuel Venture Capital, and also included IDC Ventures and other existing investors. (More... <https://www.socaltech.com/fullstory/0080795.html>) *IP Protection for Technology and Business - SoCal IP Law Group LLP <http://www.socalip.com>* Patents. Trademarks. Copyrights. Trade Secrets. IP Filings. IP Strategy. IP Litigation. IP Transactions. US and Worldwide. Offices in Westlake Village and Santa Barbara. [email protected] www.socalip.com *From Idea to IPO - KPMG’s Emerging Growth Practice < [email protected]>* KPMG provides Bookkeeping, Audit, Tax, and Advisory services to assist you at any stage of your life cycle. Whether you are starting your business, strengthening your business, expanding into new markets, or pursuing an exit, we have a global network of experienced resources that can take you to the next level. For more information, please contact Ryan Youhan at [email protected]. *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 *UK Government's Department for International Trade (DIT) <https://www.events.great.gov.uk/ehome/200195057>* The UK is one of the world's fastest-growing tech hubs with more than 60,000 tech companies, 30 industry clusters, and over $14 billion in investment over the last five years. The UK Government's Department for International Trade (DIT) team provides local 1:1 support to companies expanding internationally, helping de-risk market entry with free support services. DIT can provide tailored set-up information, including market research, legal and accounting introductions, recruitment support, policy insight, and partnership-building opportunities. As the #1 destination in Europe for inward investment and tech talent, and home to more fast-growth companies than any other European country, the UK has a lot to offer to US companies. We work with all companies, from start-ups/scale-ups through to the Fortune 500. To find out more about "Why UK," and to work with DIT's LA team, contact us at: https://www.events.great.gov.uk/ehome/200195057 *Pixelgate.net - Internet Access, Web Hosting, Network Services <http://www.pixelgate.net>* We put the "Service" back into Internet Service Provider. http://www.pixelgate.net ------------------------------ *Recent Funding <#funding>* 1/12/21 Genalyte <https://www.socaltech.com/intelligence/?action=showdeal&id=101379> San Diego $50.00 M 1/12/21 Vesica <https://www.socaltech.com/intelligence/?action=showdeal&id=101380> Los Angeles $2.10 M 1/05/21 HG Insights <https://www.socaltech.com/intelligence/?action=showdeal&id=101349> Santa Barbara $0.00 M 12/15/20 Eta Compute <https://www.socaltech.com/intelligence/?action=showdeal&id=101339> Thousand Oaks $12.50 M 12/15/20 Cosemi <https://www.socaltech.com/intelligence/?action=showdeal&id=101340> Irvine $8.00 M 12/03/20 Esports One <https://www.socaltech.com/intelligence/?action=showdeal&id=101261> Santa Monica $4.00 M 12/02/20 Flock Freight <https://www.socaltech.com/intelligence/?action=showdeal&id=101260> Solana beach $113.50 M 12/01/20 GoSecure <https://www.socaltech.com/intelligence/?action=showdeal&id=101251> La Jolla $35.00 M 11/24/20 Credit Key <https://www.socaltech.com/intelligence/?action=showdeal&id=101176> Los Angeles $33.85 M 11/23/20 Relativity <https://www.socaltech.com/intelligence/?action=showdeal&id=101175> Los Angeles $500.00 M 11/18/20 Everytable <https://www.socaltech.com/intelligence/?action=showdeal&id=101174> Los Angeles $16.00 M 11/17/20 Trust & Will <https://www.socaltech.com/intelligence/?action=showdeal&id=101173> San Diego $15.00 M 11/17/20 A-Frame <https://www.socaltech.com/intelligence/?action=showdeal&id=101151> Venice $2.00 M 11/13/20 Applied Data Finance, LLC <https://www.socaltech.com/intelligence/?action=showdeal&id=101150> San Diego $14.20 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). Business. Technology. Law. Vision. KPMG (http://home.kpmg/us/en/home/about/offices/los-angeles-1.html) Level up with KPMG Email [email protected] for more information about sponsoring this newsletter. ------------------------------ You are receiving this email because you subscribed to the socalTECH.com TechNews from our web site, or otherwise requested a subscription. If you do not want to receive this newsletter go to: http://listserv.socaltech.com/mailman/listinfo/socaltech or email us at [email protected] ------------------------------ Legal Notices ---- While SOCALTECH LLC has used its best efforts in collecting and preparing the information published herein, SOCALTECH LLC does not assume, and hereby disclaims, any liability for any loss or damage caused by errors or omissions, whether such errors or omissions resulted from negligence, accident or other causes. All contents Copyright (c) 2017 SOCALTECH LLC. All rights reserved. socalTECH.com - Dedicated to High Tech in Southern California http://www.socaltech.com/ SOCALTECH LLC 4607 Lakeview Canyon Road, Suite 290, Westlake Village, CA 91361
_______________________________________________ Socaltech mailing list [email protected] http://listserv.socaltech.com/mailman/listinfo/socaltech
