*socaltech.com <http://socaltech.com> TechNews - Thursday, February 25, 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 * - First Resonance Finds Funding For Manufacturing OS <#0080969> - Harbor Launches SOS Feature, Premium Service <#0080967> - Elementary Robotics Rolls Out AI Camera System <#0080968> - Viracta Therapeutics Goes Public Via Reverse Merger, Gets $65M <#0080970> - HP To Acquire HyperX <#0080966> - Fisker Links With Foxconn On New EV <#0080965> *Marketplace* - Pacific Western Bank, Venture Banking Group <#ad749> - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - UK Government's Department for International Trade (DIT) <#ad756> - Stradling <#ad608> - Tech Coast Map & Calendar – Put Your Company On The Map! <#ad717> *Thursday, February 25, 2021* *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]. *First Resonance Finds Funding For Manufacturing OS* <https://www.socaltech.com/fullstory/0080969.html> Los Angeles-based First Resonance, a startup developing what it calls a "factory operating system" designed for hardware companies for use in their manufacturing operations, says it has raised a new round of funding. The size of the funding was not announced, however, the company said the roudn brings the company's total raised to more than $5M. First Resonance said the funding was led by Blue Bear Capital. (More... <https://www.socaltech.com/fullstory/0080969.html>) *Harbor Launches SOS Feature, Premium Service* <https://www.socaltech.com/fullstory/0080967.html> Los Angeles-based startup Harbor, which is led by Dan Kessler, said it has launched a new, paid premium subscription service called Harbor Premium. The new service is being launched in a partnership with ADT, and connects users to ADT's monitoring team. According to Harbor, the partnership allows ADT to contact the user, alert authorities, and share their location, as well as other user-provided, personally identifiable information to help emergency responders locate and identify them. (More... <https://www.socaltech.com/fullstory/0080967.html>) *Elementary Robotics Rolls Out AI Camera System* <https://www.socaltech.com/fullstory/0080968.html> Los Angeles-based Elementary Robotics, a developer of cameras for manufacturing inspection, said it has rolled out a new, cloud-based AI camera system designed for manufacturing and logistics. According to the company, its AI-based hardware and software uses machine learning and computer vision to make it easier for manufacturers to use computer vision to inspect products for defects and other problems. (More... <https://www.socaltech.com/fullstory/0080968.html>) *Viracta Therapeutics Goes Public Via Reverse Merger, Gets $65M* <https://www.socaltech.com/fullstory/0080970.html> San Diego-based Viracta Therapeutics has gone public via a reverse merger with Sunesis Pharmaceuticals, and raised $65M in a private placement, the company said late Wednesday. According to the company, as a result of the merger, it will start trading on the Nasdaq Global Select Market this morning under the ticker symbol VIRX. Viracta's lead program is aimed at treating Epstein-Barr virus (EBV)-positive lymphoma. (More... <https://www.socaltech.com/fullstory/0080970.html>) *HP To Acquire HyperX* <https://www.socaltech.com/fullstory/0080966.html> Technology stalwart HP has agreed to acquired Fountain Valley-based HyperX, the gaming accessories arm of Kingston Technology, in a deal worth $425M, the two companies said on Wednesday. According to the two, Kingston will retain its DRAM, flash, and SSD products for gamers and enthusiasts. HyperX will become part of HP's personal Systems unit. HyperX develops a number of gaming peripherals, including headsets, keyboards, mice, mouse pads, USB microphones, and console accessories. (More... <https://www.socaltech.com/fullstory/0080966.html>) *Fisker Links With Foxconn On New EV* <https://www.socaltech.com/fullstory/0080965.html> Los Angeles-based electric vehicle developer Fisker and electronics manufacturing giant Foxconn are in a new deal to develop a new, electric vehicle, the two said on Wednesday. According to Hon Hai Technology Group, the parent company of Foxconn, and Fisker, they have signed a Memorandum of Understanding (MOU) on a global electric vehicle project. (More... <https://www.socaltech.com/fullstory/0080965.html>) *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] *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 *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 *Stradling <http://www.sycr.com>* Stradling, Attorneys At Law ( href="http://www.sycr.com";>http://www.sycr.com ) For more than 40 years top companies and municipalities have counted on Stradling to have the right team and skills to meet their toughest challenges 24/7, 365 days a year. *Tech Coast Map & Calendar – Put Your Company On The Map! <https://www.siliconmaps.com/tech-coast/>* Include your company on the Tech Coast Map and be part of the iconic industry symbol of Technology Innovation in Southern California. The map is promoted through Print, Digital, and web with an online interactive version of the map. Take part in the effective map campaign to support your region, brand and location(s) while promoting your company as an industry leader. The custom imprinted Poster/Calendars make the perfect promotional year-end gift for stakeholders. View the large interactive map at https://www.siliconmaps.com/tech-coast/ Contact [email protected] for more information and mention Socal Tech for special industry rates. ------------------------------ *Recent Funding <#funding>* 2/24/21 BeSmartee <https://www.socaltech.com/intelligence/?action=showdeal&id=102080> Huntington Beach $0.00 M 2/24/21 Emotive <https://www.socaltech.com/intelligence/?action=showdeal&id=102079> Los Angeles $50.00 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 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. 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