*socaltech.com <http://socaltech.com> TechNews - Wednesday, April 7, 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 * - Nucleix Nabs $55M For Lung Cancer Detection <#0081124> - Cast & Crew Acquires LeBog Software <#0081123> - J2 Global Buys One Company, Sells Two <#0081122> - MarketSpark Gets $7M <#0081120> - Klear.ai Adds Advisor <#0081121> - Carrot Group Ties With Lenovo On STEAM Education <#0081119> *Marketplace* - UK Government's Department for International Trade (DIT) <#ad756> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Network Thinking Solutions - DevOps and Managed Services <#ad774> - Accelerating Growth For Early Stage Innovation. <#ad764> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> *Wednesday, April 7, 2021* *Pacific Western Bank, Venture Banking Group <http://www.pacwest.com/lending-solutions/venture-lending>* Pacific Western Bank is a commercial bank with over $29 billion in assets and 70 full-service branches primarily located in California, with one in Durham, NC and another in Denver, CO. Our Venture Banking Group offers a comprehensive suite of financial services focused on entrepreneurial and venture-backed businesses and their 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 Britt Nelson at [email protected]. *Nucleix Nabs $55M For Lung Cancer Detection* <https://www.socaltech.com/fullstory/0081124.html> San Diego-based Nucleix, a startup which is developing liquid biopsy technology for early detection of lung cancer, has raised $55M in a funding round, the company announced this morning. The company said the funding was led by RA Capital Management, and also included BlackRock, Lilly Asia Ventures, LYFE Capital and MILFAM, plus OrbiMed, Aurum Ventures, DSC Investment, OCI Bio Investments and Zohar Zisapel. (More... <https://www.socaltech.com/fullstory/0081124.html>) *Cast & Crew Acquires LeBog Software* <https://www.socaltech.com/fullstory/0081123.html> Los Angeles-based Cast & Crew, which develops payroll and human resources, accounting and financial, and workflow and productivity software for the entertainment industry, said yesterday that it has acquired LeBog Software, a developer of digital purchase order software. Financial terms of the acquisition were not announced. LeBog Software is based in Berlin. (More... <https://www.socaltech.com/fullstory/0081123.html>) *J2 Global Buys One Company, Sells Two* <https://www.socaltech.com/fullstory/0081122.html> Los Angeles-based J2 Global said this morning that it has acquired one company, and divested two. According to the company, it acquired HowLongtoBeat, and divested City Numbers and Callstream. HowLongtoBeat is an online website that lets videogame players track the playtimes of their games. City Numbers and Callstream are both part of J2 Global's UK cloud services business. Financial details of the acquisition and divestitures were not announced. (More... <https://www.socaltech.com/fullstory/0081122.html>) *MarketSpark Gets $7M* <https://www.socaltech.com/fullstory/0081120.html> San Diego-based MarketSpark, which is providing managed wireless services to help companies replace their plain old telephone service (POTS) infrastructure, says it has raised $7M in a Series B funding round. The funding was led by IDT Corporation and also included Goldie Group and Klein Enterprises. As part of the funding, Shmuel Jonas, CEO of IDT Corporation, and Daniel Klein, CEO of Klein Enterprises both join the company's board. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showco&id=63630>)( More... <https://www.socaltech.com/fullstory/0081120.html>) *Klear.ai Adds Advisor* <https://www.socaltech.com/fullstory/0081121.html> Cypress, California-based artificial intelligence software developer *Klear.ai <http://www.klear.ai>* said this morning that it has added Randy Wheeler, and insurance industry executive, to its advisory board. The company said Wheeler is the founder and former CEO of Valley Oak Systems. Klear.ai says it is providing AI-based insurance data products for the insurance market. The company's CEO is Brij Kumar.(More... <https://www.socaltech.com/fullstory/0081121.html>) *Carrot Group Ties With Lenovo On STEAM Education* <https://www.socaltech.com/fullstory/0081119.html> Los Angeles-based Carrot Group, which develops an e-sports based product to engage students in learning science, technology, engineering, arts and math (STEAM) skills, says it is in a collaboration with Lenovo to expand adoption of its product in school districts. According to Carrot Group, the two will expand its reach to more school districts nationwide. Financial and other details of the partnership were not announced. (More... <https://www.socaltech.com/fullstory/0081119.html>) *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 *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 *Network Thinking Solutions - DevOps and Managed Services <http://www.networkthinking.com>* Network Thinking Solutions provides DevOps and Managed Services for Los Angeles, Ventura and Santa Barbara counties. NTS helps development teams implement, manage and monitor CI/CD, Load Balancing, Docker and Auto Scaling technologies. NTS also provides Desktop Managed Services for your business team which includes antivirus, threat protection, ransomware detection, and inventory management. Please reach us at [email protected] to start a conversation. *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>* 4/07/21 MarketSpark <https://www.socaltech.com/intelligence/?action=showdeal&id=102516> San Diego $7.00 M 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 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 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. 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