*socaltech.com <http://socaltech.com> TechNews - Thursday, June 24, 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 * - GOAT Raises $195M More, Hits $3.7 Billion Valuation <#0081418> - Drata Takes $25M For Security, Compliance Software <#0081419> - Vida Ventures Raises $825M Fund <#0081420> - inVia Robotics Links With Rufus Labs <#0081421> - Bird Expands Into Bike Share <#0081417> *Marketplace* - Stradling <#ad608> - Pacific Western Bank, Venture Banking Group <#ad749> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - Network Thinking Solutions - DevOps and Managed Services <#ad774> - Accelerating Growth For Early Stage Innovation. <#ad764> *Thursday, June 24, 2021* *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. *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. *GOAT Raises $195M More, Hits $3.7 Billion Valuation* <https://www.socaltech.com/fullstory/0081418.html> Los Angeles-based GOAT Group, the online marketplace for sneakers and many other items, has raised $195M more in funding, and now has a valuation of $3.7 billion, the company announced this morning. According to the company, the new funding was led by Park West Asset Management, funds and accounts advised by T. Rowe Price Associates, Franklin Templeton, Adage Capital Management, and Ulysses Management. The company said the round more than doubles its prior valuation, which was $1.8 billion. (Funding Details <https://www.socaltech.com/intelligence/?action=showco&id=50794>)(More... <https://www.socaltech.com/fullstory/0081418.html>) *Drata Takes $25M For Security, Compliance Software* <https://www.socaltech.com/fullstory/0081419.html> San Diego-based Drata, a startup working on security and compliance automation software, said it has raised $25M in its Series A funding. The funding was led by GGV Capital, and also included Okta Ventures, Silicon Valley CISO Investors (SVCI), Cowboy Ventures, and Leaders Fund. The company's founders are Troy Markowitz, Adam Markowitz, and Daniel Marashlian. The company said it previously raised a seed funding round six months ago. (More... <https://www.socaltech.com/fullstory/0081419.html>) *Vida Ventures Raises $825M Fund* <https://www.socaltech.com/fullstory/0081420.html> L (More... <https://www.socaltech.com/fullstory/0081420.html>) *inVia Robotics Links With Rufus Labs* <https://www.socaltech.com/fullstory/0081421.html> Los Angeles-based warehouse automation robot developer inVia Robotics has linked with fellow Los Angeles company Rufus Labs, a developer of wearables, to help with warehouse automation, the two announced this morning. According to the two companies, they are in a strategic partnership where they will serve shared customers with subscription model pricing to warehouse automation software, robots, and wearables. Financial details of the partnership were not outlined. (More... <https://www.socaltech.com/fullstory/0081421.html>) *Bird Expands Into Bike Share* <https://www.socaltech.com/fullstory/0081417.html> Los Angeles-based Bird says it is expanding into the bicycle sharing market, unveiling a new electric bicycle and a program to support what it calls "multimodal" cities. According to Bird, its new Bird Bike is designed for longer, 3-5 mile trips, and are equipped with a high-powered motor capable of handling hills with up to a 20% grade. Bird--led by founder and CEO Travis VanderZanden--says it plans to start rolling out the shared Bird Bike across North America and Europe this year. (More... <https://www.socaltech.com/fullstory/0081417.html>) *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. *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]. *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 *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]. *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 ------------------------------ *Recent Funding <#funding>* 6/24/21 GOAT <https://www.socaltech.com/intelligence/?action=showdeal&id=102952> Los Angeles $195.00 M 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 Red 6 <https://www.socaltech.com/intelligence/?action=showdeal&id=102828> Santa Monica $30.00 M 6/01/21 Impervious.ai <https://www.socaltech.com/intelligence/?action=showdeal&id=102827> Los Angeles $0.00 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html June 29, Long Beach -- *Long Beach Small Business Online Networking Event* *NEW* . See http://www.socaltech.com/calendar/eventid/26727 July 21, Los Angeles -- *DigiMarCon America 2021 - Digital Marketing, Media and Advertising Conference* *NEW* . See http://www.socaltech.com/calendar/eventid/26723 ------------------------------ *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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