*socaltech.com <http://socaltech.com> TechNews - Friday, May 14, 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 * - SpaceX, Google Cloud In Data Center Deal <#0081263> - Cue Health Connects With $235M <#0081262> - Fisker Teases Design Of New Car, In Deal With Foxconn <#0081260> - USC Games Launches New Endowment To Support, Black, Indigenous Students <#0081264> - Cohu Divests PCB Test Business <#0081261> - Happy Returns Acquired By PayPal <#0081259> - Bird Looks To Go Public Via $2.3 Billion SPAC <#0081258> *Marketplace* - Accelerating Growth For Early Stage Innovation. <#ad764> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - Pacific Western Bank, Venture Banking Group <#ad749> - Stradling <#ad608> *Friday, May 14, 2021* *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 *SpaceX, Google Cloud In Data Center Deal* <https://www.socaltech.com/fullstory/0081263.html> Hawthorne-based SpaceX and Sunnyvale-based Google Cloud said on Thursday that the two are in a new partnership, where Starlink will locate its ground stations within Google's data center properties. According to Google Cloud and SpaceX, the deal will provide low-latency and reliable delivery of data from Starlink's satellites to locations on the network edge connected into Google's cloud. Financial details of the partnership were not announced. (More... <https://www.socaltech.com/fullstory/0081263.html>) *Cue Health Connects With $235M* <https://www.socaltech.com/fullstory/0081262.html> San Diego-based Cue Health, which develops health information software, has raise $235M in a financing round, the company said on Thursday. The funding came from Perceptive Advisors, MSD Capital, and Koch Strategic Platforms, a subsidiary of Koch Industries, plus existing investors Johnson & Johnson Innovation – JJDC, Inc. (JJDC), Decheng Capital, CAVU Ventures, ACME Capital, and others. Cue Health's co-foudner and CEO is Ayub Khattak. Cue's flagship product is the Cue Health monitoring System. (More... <https://www.socaltech.com/fullstory/0081262.html>) *Fisker Teases Design Of New Car, In Deal With Foxconn* <https://www.socaltech.com/fullstory/0081260.html> Irvine-based electric car maker Fisker has teased out a video promoting a yet-to-be-annnounced, new vehicle "Project Pear", which Henrik Fisker says Foxconn will build for the company. Details on the new vehicle so far are light, but Fisker said that Foxconn is jointly investing in the vehicle, and will share the proceeds from sales. Manufacturing is reported to be targeted at Q4 of 2023. (More... <https://www.socaltech.com/fullstory/0081260.html>) *USC Games Launches New Endowment To Support, Black, Indigenous Students* <https://www.socaltech.com/fullstory/0081264.html> USC Games, the program at the University of Southern California focused on teaching students how to create videogames and to enter the videogame industry, says it has launched a new endowment, the Gerald A. Lawson Endowment Fund, which will support Back and Indigenous students in game design and engineering. (More... <https://www.socaltech.com/fullstory/0081264.html>) *Cohu Divests PCB Test Business* <https://www.socaltech.com/fullstory/0081261.html> Poway-based semiconductor equipment manufacturer and services provider Cohu announced this week that it has divested its printed circuit board (PCB) test business. According to Cohu, it sold its Printed Circuit Board Test Group (PTG) business to Mycronic AB, a Swedish company involved in development, manufacture and marketing of production equipment, including atg Luther & Maelzer GmbH and other affiliated entities and assets. The deal is worth $125M in cash. (More... <https://www.socaltech.com/fullstory/0081261.html>) *Happy Returns Acquired By PayPal* <https://www.socaltech.com/fullstory/0081259.html> Santa Monica-based Happy Returns, which operates a business which makes it easier for consumers to returns items they have purchased at e-commerce startups--and also handles all the logistics in processing those returns--has been acquired by PayPal. Financial terms of the buy were not announced. Happy Returns was venture backed by U.S. Venture Partners and Upfront Ventures, and also had previously raised strategic funding from PayPal itself. (More... <https://www.socaltech.com/fullstory/0081259.html>) *Bird Looks To Go Public Via $2.3 Billion SPAC* <https://www.socaltech.com/fullstory/0081258.html> Santa Monica-based Bird is looking to go public via a $2.3 billion special purpose acquisition (SPAC) transaction, as the company starts to see a recovery from the COVID-19 pandemic. According to an investor presentation from Bird, the company is finally seeing an uptick after major impacts on its business last year when much of the world shut down due to the pandemic. The company reported $95M in revenues in 2020, versus $151M in 2019, when the pandemic. (More... <https://www.socaltech.com/fullstory/0081258.html>) *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]. *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]. *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. ------------------------------ *Recent Funding <#funding>* 5/12/21 Qsic <https://www.socaltech.com/intelligence/?action=showdeal&id=102719> Aliso Viejo $3.10 M 5/06/21 EngineEars <https://www.socaltech.com/intelligence/?action=showdeal&id=102718> Los Angeles $1.00 M 5/04/21 Kajabi <https://www.socaltech.com/intelligence/?action=showdeal&id=102664> Irvine $550.00 M 4/27/21 Guesty <https://www.socaltech.com/intelligence/?action=showdeal&id=102663> Walnut $50.00 M 4/21/21 Welcome Tech <https://www.socaltech.com/intelligence/?action=showdeal&id=102623> Los Angeles $35.00 M 4/13/21 Tagger Media <https://www.socaltech.com/intelligence/?action=showdeal&id=102521> Los Angeles $8.50 M 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html ------------------------------ *Recent Job Postings * More jobs at http://www.socaltech.com/Jobs ------------------------------ ------------------------------ *Sponsored By * Stubbs Alderton Markiles, LLP (http://www.stubbsalderton.com). 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