*socaltech.com <http://socaltech.com> TechNews - Wednesday, February 24, 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 * - NantStudios Launches Virtual Production Campus In El Segundo <#0080963> - Emotive Finds $50M In Series B <#0080961> - BeSmartee Gets Funding For Mortgage Software <#0080962> - indie Semiconductor Sees Progress In SPAC Effort <#0080964> - Honey, LA Galaxy In Jersey Partnership <#0080960> - SpaceX Inks $850M Funding <#0080959> - DivX Files Another Lawsuit Against Hulu <#0080958> *Marketplace* - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Accelerating Growth For Early Stage Innovation. <#ad764> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> *Wednesday, February 24, 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] *NantStudios Launches Virtual Production Campus In El Segundo* <https://www.socaltech.com/fullstory/0080963.html> El Segundo-based NantStudios--a new venture which is related to the "Nant" series of companies run by billionaire Dr. Patrick Soon-Shiong--said on Tuesday that it has launched a new "virtual production ecosystem and innovation campus" in El Segundo. NantStudios said it has created a 24,000 sq. ft. sound stage providing independent in-camera visual effects services and more for everything from high end feature films and independent video projects. The new effort is led by Michele B. (More... <https://www.socaltech.com/fullstory/0080963.html>) *Emotive Finds $50M In Series B* <https://www.socaltech.com/fullstory/0080961.html> Los Angeles-based startup Emotive, which develops conversational text messaging software, said this morning that it has raised $50M in its Series B funding round. The funding was led by CRV, and also included Mucker Capital, TenOneTen Ventures, plus new investors, Stripes and Vulcan Capital. The company said the funding brings its valuation to $400M. Murat Bicer, a General Partner at CRV, has joined the company's board with the new funding. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showco&id=63372>)( More... <https://www.socaltech.com/fullstory/0080961.html>) *BeSmartee Gets Funding For Mortgage Software* <https://www.socaltech.com/fullstory/0080962.html> Huntington Beach-based BeSmartee, a developer of digital mortgage software, said Tuesday that it has received a strategic growth investment. The funding came from M33 Growth. Size of the new investment was not announced. BeSmartee develops digital mortgage software, which is used by banks, credit unions, and other lenders to manage the mortgage lending process. BeSmartee is led by CEO Tim Nguyen, and was co-founded by Veronica Nguyen. The company was founded in 2006. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showco&id=63374>)( More... <https://www.socaltech.com/fullstory/0080962.html>) *indie Semiconductor Sees Progress In SPAC Effort* <https://www.socaltech.com/fullstory/0080964.html> Aliso Viejo-based semidconductor company indie Semiconductor says it expects its combination with a special purpose acquisition company (SPAC), Thunder Bridge Acquisition II, to close sometime early this spring. (More... <https://www.socaltech.com/fullstory/0080964.html>) *Honey, LA Galaxy In Jersey Partnership* <https://www.socaltech.com/fullstory/0080960.html> Los Angeles-based Honey, the developer of a browser extension and other tools to help shoppers find the best deals and coupons when shopping online, has inked a partnership with the LA Galaxy. According to the two, Honey will be become the official jersey sleeve partner of the LA Galaxy, and will also become the "official online deals" partner of the team. ( More... <https://www.socaltech.com/fullstory/0080960.html>) *SpaceX Inks $850M Funding* <https://www.socaltech.com/fullstory/0080959.html> Hawthorne-based *SpaceX <http://www.spacex.com>* confirmed a $850M fundraising in a regulatory filing on Tuesday, in an equity funding round which included 69 investors. The fundraising had been rumored to have been in process for the last month or so. The filing said the effort started on February 16th. The round reportedly values the company at $74 billion <https://www.socaltech.com/spacex_lands_8__m_now_worth_74_billion/s-0080937.html> .(More... <https://www.socaltech.com/fullstory/0080959.html>) *DivX Files Another Lawsuit Against Hulu* <https://www.socaltech.com/fullstory/0080958.html> San Diego-based video software developer DivX has just filed another lawsuit against Los Angeles-based Hulu, alleging patent infringement for its video-streaming and playback technologies. DivX filed the lawsuit in the Ninth Circuit of the California Central District Court. The lawsuit was filed by Robins Kaplan and Brown Rudnick. DivX has at least one existing lawsuit it had filed against Hulu. (More... <https://www.socaltech.com/fullstory/0080958.html>) *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 *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 *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]. ------------------------------ *Recent Funding <#funding>* 2/24/21 Emotive <https://www.socaltech.com/intelligence/?action=showdeal&id=102079> Los Angeles $50.00 M 2/24/21 BeSmartee <https://www.socaltech.com/intelligence/?action=showdeal&id=102080> Huntington Beach $0.00 M 2/23/21 SpaceX <https://www.socaltech.com/intelligence/?action=showdeal&id=102053> Hawthorne $850.00 M 2/18/21 talkshoplive <https://www.socaltech.com/intelligence/?action=showdeal&id=101941> Los Angeles $3.00 M 2/12/21 Pipeline Therapeutics <https://www.socaltech.com/intelligence/?action=showdeal&id=101930> San Diego $80.00 M 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 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html February 24, Los Angeles -- *Developing a Sales Strategy That Builds Traction* Preccelerator® U Presents: Developing a Sales Strategy That Builds Traction. Carrie Lauby shares methods to drive sales revenue to help individuals and teams understand and overcome what's getting in the way. How you approach the sales process predicts the end result of either a close or constant follow up. In this workshop, we’ll look at sales strategy and the top things you can do to set up the relationship for success. If you’re concerned about not closing deals, frustrated from constantly chasing or unsure where to spend your time and effort, this is the workshop for you. See http://www.socaltech.com/calendar/eventid/26709 March 9, Pasadena -- *Fundraising Essentials: Pitching Angel Groups* Preccelerator® U Presents: Fundraising Essentials: Pitching Angel Groups. Join us for this Preccelerator Program event with Mimi Carter of the Pasadena Angels as she shares insights on pitch deck preparation, metrics and approach that will assist in preparing you to pitch to Angel investor syndicate groups. Mimi Carter is an entrepreneur and investor in early-stage companies. She is a partner at Carterus Strategies and director of the Pasadena Angels, named one of the top 10 angel investing groups in the US by Forbes Magazine. Mimi serves on the advisory board for Mayor Eric Garcetti’s WiSTEM program, an initiative to lead the nation in developing and sustaining a robust pipeline of women in STEM. She is a strategic advisor for Women Founder’s Foundation, an organization providing access to capital, visibility, and mentorship for female founders. See http://www.socaltech.com/calendar/eventid/26708 ------------------------------ *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. 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