*socaltech.com <http://socaltech.com> TechNews - Monday, March 29, 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 * - Mophie Co-Founder Pitches $250K Wireless Charger <#0081087> - TutorMe Ties Into Clever <#0081086> - DDN Wins Korea's LINE <#0081085> - Faraday Future Snags $100M In Debt <#0081084> - ServiceTitan Snags $500M, Valuing Firm At $8.3 Billion <#0081083> - Impact Acquires Trackonomics <#0081082> *Marketplace* - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - Get Counted in the Inclusion Impact Indexes Project <#ad773> - Accelerating Growth For Early Stage Innovation. <#ad764> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - UK Government's Department for International Trade (DIT) <#ad756> *Monday, March 29, 2021* *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. *Mophie Co-Founder Pitches $250K Wireless Charger* <https://www.socaltech.com/fullstory/0081087.html> Newport Beach-based Volonic, a newly launched company which bills itself as a "luxury lifestyle brand", said it has launched, saying it has created a $250,000 solid gold wireless charger. According to the company, the new product--the Volonic Valet 3--is available for pre-order, and will include 1,500 grams of 18-karat yellow gold. The company--which apparently has yet to build the charger--also offers up other, "luxury" wireless chargers, starting at around $685.00. (More... <https://www.socaltech.com/fullstory/0081087.html>) *TutorMe Ties Into Clever* <https://www.socaltech.com/fullstory/0081086.html> Los Angeles-based online tutoring service TutorMe, which offers up access on online tutors, says it has integrated with K-12 single sign-on portal Clever. According to TutorMe, the integration gives users of the Clever service on-demand access to its 24/7 online tutoring platform. Financial details of the link were not announced. TutorMe provides online tutoring through video chat, screen sharing, and virtual whiteboards. (More... <https://www.socaltech.com/fullstory/0081086.html>) *DDN Wins Korea's LINE* <https://www.socaltech.com/fullstory/0081085.html> Chatsworth-based data storage provider DDN reported this morning that it has been selected by a Korean customer, NAVER Corporation, which will use its products for a number of AI services and research projects. NAVER is the owner of the popular LINE messaging service. DDN said its products are being used as part of the NAVER CLOVA AI platform, which provides speech and image recognition and artificial neural network translation. (More... <https://www.socaltech.com/fullstory/0081085.html>) *Faraday Future Snags $100M In Debt* <https://www.socaltech.com/fullstory/0081084.html> Los Angeles-based electric vehicle company Faraday Future said on Friday tht it has received $100M in a debt financing, which it will use to advance the delivery of its first vehicle, the FF 91. According to Faraday Future, the debt included $85M from funds managed by the Credit Group of Ares Management Corporation, with the remainder provided by funds managed by affiliates of Birch Lake Fund Management, LP and other lenders. (More... <https://www.socaltech.com/fullstory/0081084.html>) *ServiceTitan Snags $500M, Valuing Firm At $8.3 Billion* <https://www.socaltech.com/fullstory/0081083.html> Glendale-based ServiceTitan, which develops software used by home service providers and others in the trades to manage appointments, billing, marketing, and more, has raised a huge, $500M funding round. The new funding values the company at $8.3 billion. The funding was led by Tiger Global and Sequoia Capital, and also included H.I.G. Growth, Arena Holdings, Battery Ventures, Bessemer Venture Partners, Dragoneer, Durable Capital Partners, ICONIQ Growth, Index Ventures and T. Rowe Price. (More... <https://www.socaltech.com/fullstory/0081083.html>) *Impact Acquires Trackonomics* <https://www.socaltech.com/fullstory/0081082.html> Santa Barbara-based Impact, which provides affiliate partnership tracking and automation tools, said this week that it has acquired Trackonomics Ltd, a provider of supply-side affiliate e-commerce tools. Financial terms of the acquisition were not announced. According to Impact, the acquisition will enhance its publisher technology capabilities. (More... <https://www.socaltech.com/fullstory/0081082.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 *Get Counted in the Inclusion Impact Indexes Project <https://bit.ly/2NUvJ8P>* We’re excited about teaming up with Socos Labs and StartOut and extending an invitation to our U.S. founders to get counted in the Inclusion Impact Indexes survey. Entrepreneurs help create many jobs and make an enormous contribution and the study looks at entrepreneurs' economic impact in terms of job creation, patents, financings, and exits. Data from this important Diversity & Inclusion survey provides important insights on contributions and unrealized potential. Please join us and get counted TODAY by taking this confidential 2-4 minute survey: http://bit.ly/2NUvJ8P *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]. *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 ------------------------------ *Recent Funding <#funding>* 3/16/21 Flowspace <https://www.socaltech.com/intelligence/?action=showdeal&id=102312> Los Angeles $31.00 M 3/16/21 Pledge <https://www.socaltech.com/intelligence/?action=showdeal&id=102379> Venice $3.00 M 3/11/21 Cheese <https://www.socaltech.com/intelligence/?action=showdeal&id=102234> Pasadena $3.60 M 3/08/21 TheoryCraft Games <https://www.socaltech.com/intelligence/?action=showdeal&id=102123> Los Angeles $37.50 M 3/04/21 Whatnot <https://www.socaltech.com/intelligence/?action=showdeal&id=102122> Los Angeles $20.00 M 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html March 30, Los Angeles -- *TechFire Fireside Chat: Aydin Senkut (Felicis Ventures)* TechFire Fireside Chat: Aydin Senkut (Felicis Ventures), in discussion with Michael Platner, Chair of the Corporate Practice and Co-Chair of the Securities & Corporate Finance Practice, Lewis Brisbois (online). See http://www.socaltech.com/calendar/eventid/26712 March 31, Los Angeles -- *Pepperdine University Most Fundable Companies Competition* Pepperdine University Most Fundable Companies® competition. Winners earn a spot on the annual Most Fundable Companies List, with national publicity and recognition. The free program informs US startups with less than $10 million in revenue about investor diligence. See http://www.socaltech.com/calendar/eventid/26711 April 13, Santa Monica -- *Preccelerator U: Startup Guide to Financial Modeling w/ Mark Wald* Preccelerato® U: Startup Guide to Financial Modeling w/ Mark Wald. Raising money? Investors want to maximize their return and minimize their risk, so you need to demonstrate to investors that you understand business and your business model, that you know how to make money, and that you can be trusted. Learn how to build and understand your financial model so you can demonstrate credibility by presenting it to investors and win their confidence in you. Featuring: Mark Wald, Managing Director, Supporting Strategies - Santa Monica. See http://www.socaltech.com/calendar/eventid/26710 ------------------------------ *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
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