*socaltech.com <http://socaltech.com> TechNews - Tuesday, June 22, 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 * - Elon Musk's Boring Company Looks Towards Freight Tunnels <#0081411> - VideoAmp Names Chief Product Officer <#0081410> - Phonexa Debuts New Products <#0081409> - Donut Bites Down On $2M In Funding <#0081408> - MuckerLab Opens 2021 Accelerator Program Applications <#0081407> - LENZ Therapeutics Takes $47M In Series A For Vision Correcting Eye Drops <#0081406> - Songtradr Scores $50M More <#0081405> *Marketplace* - KPMG: Apply to be recognized as a top tech innovator in the U.S. <#ad775> - Stradling <#ad608> - Become a Socaltech Supporter! <#ad724> - Pacific Western Bank, Venture Banking Group <#ad749> - Pixelgate.net - Internet Access, Web Hosting, Network Services <#ad188> *Tuesday, June 22, 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 *Elon Musk's Boring Company Looks Towards Freight Tunnels* <https://www.socaltech.com/fullstory/0081411.html> Elon Musk and his tunnel drilling company, The Boring Company, appears to be pitching the idea of using its tunnels for freight, according to pitch materials leaked from the company. According to Bloomberg, The Boring Company is now pitching wide tunnels, 21 feet across, which would be able to move two shipping containers side-by-side, with battery-powered freight carriers. (More... <https://www.socaltech.com/fullstory/0081411.html>) *VideoAmp Names Chief Product Officer* <https://www.socaltech.com/fullstory/0081410.html> Los Angeles-based VideoAmp, which provides video measurement software for the advertising industry, said today that it has named Cameron Meierhoefer as Chief Product Officer. Meierhoefer was previously CEO of SignalFrame, and also had been COO of Comscore, where he spent more than 17 years. ( More... <https://www.socaltech.com/fullstory/0081410.html>) *Phonexa Debuts New Products* <https://www.socaltech.com/fullstory/0081409.html> Glendale-based software company Phonexa said this morning that it has launched a new suite of software which provides click tracking, suppression list management, and cloud phone services. According to the company, the additional software complements its existing call tracking and distribution, lead tracking and distribution, email and SMS marketing, and automated accounting products. Phonexa says it offers up all of its software beginning at $100 a month. (More... <https://www.socaltech.com/fullstory/0081409.html>) *Donut Bites Down On $2M In Funding* <https://www.socaltech.com/fullstory/0081408.html> A new, Los Angeles-based startup, Donut, said today that it has raised $2M in a funding round. The funding came from Redalpine, Inventures, angel Robert Leshner (Compound), Entrepreneur First, and theowners of the Washington Nationals baseball team. According to the company, the new round brings its total raised to $3.8M. Donut is working on decentralized finance tools, including a set of banking tools built on the Ethereum. The company's founder is Neel Popat. (More... <https://www.socaltech.com/fullstory/0081408.html>) *MuckerLab Opens 2021 Accelerator Program Applications* <https://www.socaltech.com/fullstory/0081407.html> Los Angeles-based startup accelerator and investor MuckerLab has opened up programs for its 2021 program, according to the accelerator. According to MuckerLab, applications for its Summer program are due by Tuesday, July 6th at 11:59pm. MuckerLab says it invests between $100,000 and $200,000 in companies in its accelerator program, with follow-on capital available over the lifespan of its investment. (More... <https://www.socaltech.com/fullstory/0081407.html>) *LENZ Therapeutics Takes $47M In Series A For Vision Correcting Eye Drops* <https://www.socaltech.com/fullstory/0081406.html> San Diego-based biopharmaceuticals developer LENZ Therapeutics, a biopharmaceuticals firm which is developing an eye drop which helps treat presbyopia, has raised $47M in a Series A funding round. The company said the funding came from Versant Ventures and RA Capital Management. The company said when its eye drops are used, patient show "rapid and long-lasting" improvements in near vision, with 53% of patients showed three lines or more of reading improvement and 81% showed two lines or more. (More... <https://www.socaltech.com/fullstory/0081406.html>) *Songtradr Scores $50M More* <https://www.socaltech.com/fullstory/0081405.html> Los Angeles-based *Songtradr <http://www.songtradr.com>*, an online marketplace for licensed music, has raised $50M in its Series D funding round, the company announced this morning. The funding came from Regal, Aware Super, Perennial, Argo and Greencape. The company says it now has raised more than $100M. Songtradr is led by CEO Paul Wiltshire.(More... <https://www.socaltech.com/fullstory/0081405.html>) *KPMG: Apply to be recognized as a top tech innovator in the U.S. <https://marketing.kpmg.co.uk/gti-application-US/form/>* We recognize that innovative technology companies in the U.S.are introducing tech breakthroughs that are transforming businesses and disrupting entire industries. It’s why we’re so excited to be introducing the first ever KPMG Private Enterprise Tech Innovator competition in the U.S. to recognize the fastest-growing tech innovators across the country. We want to hear about businesses who are changing the technology landscape and shaking up the industry. We want to know about their ambitious growth plans and their vision for the future. Whether it’s a pure technology company – or tech-enabled, tech-led or tech-driven – we want to know about them! Applicants will receive opportunity to expand their network of peers and build new business connections through KPMG’s extensive global organization of business professionals. Become known on the world stage if they win the U.S. competition and progress to the Global Tech Innovator final hosted at the Lisbon Web Summit 2021 in November. There, the winner from the U.S. will compete with the winners from 15 other countries in most major regions of the world to be chosen as the Global Tech Innovator 2021 winner. If you know a business that has what it takes to be the first KPMG Private Enterprise Tech Innovator in the U.S. – encourage them to submit an application now. https://marketing.kpmg.co.uk/gti-application-US/form/ *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. *Become a Socaltech Supporter!* Interested in letting Southern California's high tech community know you are here for them? Want to reach Southern California's movers and shakers? Become a SPONSOR or SOCALTECH SUPPORTER! Our sponsors and supporters are featured on our website, and online service provider directory, as well as in our newsletter multiple times per week. It's a great way to both get the word out about your services, as well as support our news coverage of local companies across the tech industry! Contact [email protected] for details. *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]. *Pixelgate.net - Internet Access, Web Hosting, Network Services <http://www.pixelgate.net>* We put the "Service" back into Internet Service Provider. http://www.pixelgate.net ------------------------------ *Recent Funding <#funding>* 6/16/21 RayzeBio, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=102909> San Diego $108.00 M 6/14/21 EcoATM <https://www.socaltech.com/intelligence/?action=showdeal&id=102908> San Diego $75.00 M 6/10/21 Mythical Games <https://www.socaltech.com/intelligence/?action=showdeal&id=102893> Sherman Oaks $75.00 M 6/01/21 Impervious.ai <https://www.socaltech.com/intelligence/?action=showdeal&id=102827> Los Angeles $0.00 M 6/01/21 Red 6 <https://www.socaltech.com/intelligence/?action=showdeal&id=102828> Santa Monica $30.00 M 5/27/21 iLife <https://www.socaltech.com/intelligence/?action=showdeal&id=102845> Irvine $4.00 M 5/25/21 Docbot <https://www.socaltech.com/intelligence/?action=showdeal&id=102764> Irvine $4.00 M 5/24/21 ProducePay <https://www.socaltech.com/intelligence/?action=showdeal&id=102762> Los Angeles $43.00 M 5/20/21 Sunbit, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=102761> Los Angeles $130.00 M 5/19/21 National Resilience, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=102760> La Jolla $164.00 M 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html June 23, Los Angeles -- *Viterbi Startup Garage: Oceanside Chat: CleantViterbi Startup Garage: Oceanside Chat: Cleantech 2.0ech 2.0* Viterbi Startup Garage: Oceanside Chat: Cleantech 2.0: What Every Entrepreneur Needs To Know. Who: Aaron Fyke (Founder & Managing Partner of Thin Line Capital). What: Energy/Sustainability, Greentech, Cleantech, Climatetech - these are all names attempting to group together the multi-trillion dollar opportunities that deal with our energy system, our built infrastructure, and our global economy, as it moves to a low-carbon and more sustainable future. The opportunities in this industry are bigger than any other industry, but the challenges of getting new technologies to market have been many. Join Aaron Fyke, Founder and Managing Partner of Thin Line Capital, and 6x serial entrepreneur, as he discusses what about this industry is attractive, and what every entrepreneur in this space needs to focus on to be able to gain customers, attract investment, and ultimately succeed. See http://www.socaltech.com/calendar/eventid/26721 ------------------------------ *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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