*socaltech.com <http://socaltech.com> TechNews - Monday, August 16, 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 * - Seismic Scores $170M, Now Worth $3 Billion <#0081602> - Sonos Gets Patent Win Over Google <#0081599> - PBS Biotech Snags $10M For Cell Therapy Manufacturing <#0081603> - Yardi Powers Emergency Rental Relief Effort <#0081600> - Edgemesh Aims To Accelerate E-Commerce Websites <#0081601> - Temasek Funds New AI Effort In San Diego, Aicadium <#0081597> *Marketplace* - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - UK Government's Department for International Trade (DIT) <#ad756> - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - Pacific Western Bank, Venture Banking Group <#ad749> - Stradling <#ad608> - Pixelgate.net - Internet Access, Web Hosting, Network Services <#ad188> *Monday, August 16, 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 *Seismic Scores $170M, Now Worth $3 Billion* <https://www.socaltech.com/fullstory/0081602.html> San Diego-based sales and marketing software developer Seismic has raised $170M in a Series G funding round, the company said this morning, and is now valued at $3 billion. The Series G round was led by Permira and also included JMI Equity, Lightspeed Venture Partners, Jackson Square Ventures, Ameriprise, and funds and accounts advised by T. Rowe Price, according to the company. (Funding Details <https://www.socaltech.com/intelligence/?action=showdeal&id=103138>)(More... <https://www.socaltech.com/fullstory/0081602.html>) *Sonos Gets Patent Win Over Google* <https://www.socaltech.com/fullstory/0081599.html> Santa Barbara-based smart speaker manufacturer *Sonos <http://www.sonos.com>* has scored a win in court over *Google <https://www.google.com>*, over an intellectual property dispute over wireless audio technology. The win <https://www.law360.com/ip/articles/1412873> came when a U.S. International Trade Commission judge ruled that the patents held by Sonos are valid, saying Google violated a part of the Tariff Act.(More... <https://www.socaltech.com/fullstory/0081599.html>) *PBS Biotech Snags $10M For Cell Therapy Manufacturing* <https://www.socaltech.com/fullstory/0081603.html> Camarillo-based < href="https://pbsbiotech.com";>PBS Biotech announced this morning that it has raised $10M in a funding round, which came from BroadOak Capital Partners. The company says it is developing single-use bioreactor systems and also offers up contract process development services. The company says it is enbling scalable manufacturing of stem cells, nd is the first investment in BroadOak's Fund V. PBS Biotec his led by CEO Brian Lee. (More... <https://www.socaltech.com/fullstory/0081603.html>) *Yardi Powers Emergency Rental Relief Effort* <https://www.socaltech.com/fullstory/0081600.html> Santa Barbara-based *Yardi <http://www.yardi.com>* says that its software is being used in an emergency rental relief effort in Erie County, in Pennsylvani. According to Yardi, its software is being used by Erie County Care Management (ECCM) to streamline delivery of emergency rental assistance (ERA) to local tenants and landlords affected by the COVID-19 pandemic. Financial details of the win were not announced. ECCM is using Yardi's Rent Relief software.(More... <https://www.socaltech.com/fullstory/0081600.html>) *Edgemesh Aims To Accelerate E-Commerce Websites* <https://www.socaltech.com/fullstory/0081601.html> Laguna Beach-based Edgemesh said last week that it has launched a new offering, which helps accelerate the loading speed of e-commerce websites. The company said its new solution, Edgemesh Server, provides seamless web acceleration with zero developer effort. Pricing on the new service was not announced. Edgemesh is led by co-founder and CEO Jacob Loveless. The company said its software works with such website backeds as Shopify, Magento, SAP Hybris or Wordpress. (More... <https://www.socaltech.com/fullstory/0081601.html>) *Temasek Funds New AI Effort In San Diego, Aicadium* <https://www.socaltech.com/fullstory/0081597.html> Singapore-based investment firm b>Temasek says it is funding and has launched a new, artificial intelligence startup that is headquartered in San Diego and Singapore, called Aicadium. The new startup will focus on developing a common machine learning platform to deliver AI-as-a-Service from discovery to deployment. Financial details of the investment in the new company were not announced. (More... <https://www.socaltech.com/fullstory/0081597.html>) *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 *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 *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. *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>* 8/16/21 Seismic <https://www.socaltech.com/intelligence/?action=showdeal&id=103138> Solana Beach $170.00 M 8/11/21 HopSkipDrive <https://www.socaltech.com/intelligence/?action=showdeal&id=103136> South Pasadena $25.00 M 8/11/21 JUNO Live <https://www.socaltech.com/intelligence/?action=showdeal&id=103137> San Diego $3.50 M 8/05/21 Aardvark Therapeutics, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=103135> San Diego $29.00 M 7/28/21 inVia Robotics <https://www.socaltech.com/intelligence/?action=showdeal&id=103108> Westlake Village $30.00 M 7/27/21 Replicated <https://www.socaltech.com/intelligence/?action=showdeal&id=103097> Los Angeles $50.00 M 7/26/21 SPINN <https://www.socaltech.com/intelligence/?action=showdeal&id=103096> Los Angeles $20.00 M 7/21/21 FloQast <https://www.socaltech.com/intelligence/?action=showdeal&id=103068> Los Angeles $110.00 M 7/20/21 QMerit, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=103067> Irvine $0.00 M 7/16/21 NetraDyne, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=103034> San Diego $150.00 M 7/14/21 Endgame <https://www.socaltech.com/intelligence/?action=showdeal&id=103033> Los Angeles $12.25 M 7/13/21 Specright <https://www.socaltech.com/intelligence/?action=showdeal&id=103032> Tustin $30.00 M 6/30/21 Quizizz <https://www.socaltech.com/intelligence/?action=showdeal&id=102972> Santa Monica $31.50 M 6/30/21 ServiceTitan <https://www.socaltech.com/intelligence/?action=showdeal&id=102971> Glendale $200.00 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). 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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