*socaltech.com <http://socaltech.com> TechNews - Wednesday, February 3, 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 * - LeaseLock Lands $52M In Series B <#0080877> - Nile AI Raises $29.3M <#0080876> - Centerfield Buys Business.com and Savings.com <#0080875> - PeaTos Picks Up $12.5M From Post Holdings <#0080878> - Core Innovation Capital Nears $125M In New Venture Fund <#0080874> - TenOneTen Ventures Kicks Off Fundraising Effort For Fund III <#0080873> - HealthTensor Collects $5M For AI-Powered Medical Decisions <#0080872> - SpaceX Destroys Another Starship In Flight Test <#0080871> - StackCommerce Acquired By TPG <#0080870> *Marketplace* - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - Pacific Western Bank, Venture Banking Group <#ad749> - Become a Socaltech Supporter! <#ad724> *Wednesday, February 3, 2021* *Sponsor Message: Stubbs Alderton & Markiles Adds IP Attorney Adrian Cyhan <https://stubbsalderton.com/sam-adds-adrian-cyhan-to-ip-and-technology-transactions-practice/>* Stubbs Alderton & Markiles, LLP, Southern California’s leading business law firm, has announced that nationally recognized intellectual property attorney Adrian Cyhan has joined the firm as a partner in its Intellectual Property & Technology Transactions practice. Adrian is a registered patent attorney whose practice is focused on identifying, protecting and leveraging intellectual property assets and providing related counsel and advice. His practice also involves managing intellectual property portfolios and handling intellectual property-related transactions such as joint ventures, acquisitions, and divestitures. In addition, Mr. Cyhan has extensive experience in trademark filing and prosecution and related counseling. He has negotiated hundreds of transactions and prosecuted patents for technologies such as wireless communications, software, clean technology and vehicles, social media, mechanical, electrical, and medical device technologies. Read more about Adryan Cyhan's appointment here: https://stubbsalderton.com/sam-adds-adrian-cyhan-to-ip-and-technology-transactions-practice/ *LeaseLock Lands $52M In Series B* <https://www.socaltech.com/fullstory/0080877.html> Marina Del Rey-based LeaseLock, which is developing artificial intelligence technology and lease insurance products to eliminate the need for security deposits, has raised $52M in its Series B funding round, the company announced this morning. The new funding was led by Westerly Winds and Wildcat Venture Partners, and also included SoftBnk Ventures. (Funding Details <https://www.socaltech.com/intelligence/?action=showco&id=57547>)( More... <https://www.socaltech.com/fullstory/0080877.html>) *Nile AI Raises $29.3M* <https://www.socaltech.com/fullstory/0080876.html> Los Angeles-based Nile AI, a startup developing digital epilepsy care management software, has raised $29.3M in funding from biopharmaceuticals firm UCB. According to UCB, it will be a majority shareholder of Nile, and will have a seat on the board of directors. (More... <https://www.socaltech.com/fullstory/0080876.html>) *Centerfield Buys Business.com and Savings.com* <https://www.socaltech.com/fullstory/0080875.html> Los Angeles-based Centerfield, a marketing and customer acquisition company backed by private equity investor Platinum Equity, says it has acquired both Business.com and Savings.com. Financial details of the acquisition were not announced. Business.com, as well as its companion sites, Business News Daily and BuyerZone help connect professionals with business servies. Savings.com is an online coupon site. Centerfield is led by co-CEOs Brett Cravatt and Jason Cohen. (More... <https://www.socaltech.com/fullstory/0080875.html>) *PeaTos Picks Up $12.5M From Post Holdings* <https://www.socaltech.com/fullstory/0080878.html> Los Angeles-based snack chip maker *PeaTos <http://www.peatos.com>* has raised $12.5M more in funding, in a new, Series B funding round, the company said on Tuesday. The funding was led by cereal maker Post Holdings. PeaTos has now raised $19.5M in the last six months for its pea-based chips. The food startup is led by founder and CEO Nick Desai. The company says its products are now available in over 4,700 retailers.(More... <https://www.socaltech.com/fullstory/0080878.html>) *Core Innovation Capital Nears $125M In New Venture Fund* <https://www.socaltech.com/fullstory/0080874.html> Los Angeles-based fintech venture capital investor Core Innovation Capital is nearing its $125M target for its third fund, Core Innovation Capital III, according to recent regulatory filings from the company. The venture firm--led by Arjan Schutte and Kathleen Utecht--makes investment in finance related technology companies. The company has been working on its fundraising since 2018, but only recently updated its filings to indicate it has now raised $117.2M as part of a targeted $125.0M fund. (More... <https://www.socaltech.com/fullstory/0080874.html>) *TenOneTen Ventures Kicks Off Fundraising Effort For Fund III* <https://www.socaltech.com/fullstory/0080873.html> Los Angeles-based TenOnTen Ventures, the venture capital investment fund run by David Waxman, Gil Elbaz, and Minnie Ingersoll, has kicked off efforts to raise a third fund, TenOneTen Ventures III, with a goal of raising $60M in the fund, per recent regulatory filings by the firm. Details on the new fund have not yet been announced, as venture investors generally are not able to discuss their fundraising efforts while they are underway. The filing did not indicate any commitments yet by LPs. (More... <https://www.socaltech.com/fullstory/0080873.html>) *HealthTensor Collects $5M For AI-Powered Medical Decisions* <https://www.socaltech.com/fullstory/0080872.html> Los Angeles-based nstartup HealthTensor, which is developing artificial intelligence (AI) software aimed at helping to augment medical decision making, announced on Tuesday that it has raised $5M in a seed funding round. The funding was led by Calibrate Ventures, TenOneTen Ventures, and Susa Ventures, along with angels. HealthTEnsor said it will use the funding to scale its software engineering and implementation team. (More... <https://www.socaltech.com/fullstory/0080872.html>) *SpaceX Destroys Another Starship In Flight Test* <https://www.socaltech.com/fullstory/0080871.html> Hawthorne, California-based SpaceX has destroyed another one of its prototype Starship space rockets on Tuesday, after a Starship SN9 failed to land properly in Bolsa Chica, high altitude test. A livestream of the launch of the Starship SN9 prototype showed the rocket successfully launching, but failing to arrest its descent, resulting in a fireball after the rocket exploded when it touched the ground. (More... <https://www.socaltech.com/fullstory/0080871.html>) *StackCommerce Acquired By TPG* <https://www.socaltech.com/fullstory/0080870.html> Venice, California-based StackCommerce, which develops a white-label marketplace which is used by publishers and brands to help connect people with products, has been acquired by Integrated Media Company (IMC), itself owned by private equity investor TPG. Financial terms of the acquisition were not announced. Stack Commerce is led by founder and CEO Josh Payne. According to StackCommerce, its partners earned more than $175M on its platform. (More... <https://www.socaltech.com/fullstory/0080870.html>) *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]. *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 *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 *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] *Become a Socaltech Supporter!* Interested in letting Southern California's high tech community know you are here for them? Want to reach Southern California's movers and shakers? Become a SPONSOR or SOCALTECH SUPPORTER! Our sponsors and supporters are featured on our website, and online service provider directory, as well as in our newsletter multiple times per week. It's a great way to both get the word out about your services, as well as support our news coverage of local companies across the tech industry! Contact [email protected] for details. ------------------------------ *Recent Funding <#funding>* 2/03/21 LeaseLock <https://www.socaltech.com/intelligence/?action=showdeal&id=101670> Marina Del Rey $52.00 M 1/21/21 Plexium <https://www.socaltech.com/intelligence/?action=showdeal&id=101426> San Diego $35.00 M 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 12/22/20 Perch <https://www.socaltech.com/intelligence/?action=showdeal&id=101427> Los Angeles $2.50 M 12/15/20 Cosemi <https://www.socaltech.com/intelligence/?action=showdeal&id=101340> Irvine $8.00 M 12/15/20 Eta Compute <https://www.socaltech.com/intelligence/?action=showdeal&id=101339> Thousand Oaks $12.50 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html February 9, Los Angeles -- *An Entrepreneur's Guide to IP* *NEW* . See http://www.socaltech.com/calendar/eventid/26706 ------------------------------ *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. 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