*socaltech.com <http://socaltech.com> TechNews - Thursday, August 26, 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 * - Headspace Merges With Ginger <#0081644> - AllVoices Takes $9.6M <#0081642> - Immortals Names New Exec <#0081641> - Happy Money Names Interim CEO <#0081639> - Avidity Biosciences Shuffles Board <#0081640> - Phase Four Wins US Space Force Contract <#0081643> - Rocket Lab Hits The Nasdaq <#0081637> *Marketplace* - Pacific Western Bank, Venture Banking Group <#ad749> - 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> - Become a Socaltech Supporter! <#ad724> *Thursday, August 26, 2021* *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 *Headspace Merges With Ginger* <https://www.socaltech.com/fullstory/0081644.html> Los Angeles-based mindfulness app developer Headspace is merging with mental health app developer Ginger, in a deal that reportedly values the combined company at around $3 billion. Financial terms of the merger were not announced. Ginger is backed by Blackstone Group. The new company will be led by Ginger CEO Russell Glass, with current Headspace CEO CeCe Morken shifting to become President of the combined company. (More... <https://www.socaltech.com/fullstory/0081644.html>) *AllVoices Takes $9.6M* <https://www.socaltech.com/fullstory/0081642.html> Los Angeles-based employee feedback management software developer AllVoices said this week that it has raised $9.6M in its Series A funding round. The funding was led by Silverton Partners, and also included M13 Ventures and Crosscut Ventures. According to the company, the funding will go towards growth of its platform. The company's software allows for anonymous two-way communication, a whistleblower hotline, pulse surveys, and a case management system. (More... <https://www.socaltech.com/fullstory/0081642.html>) *Immortals Names New Exec* <https://www.socaltech.com/fullstory/0081641.html> Los Angeles-based esports organization Immortals said this week that it has named Robert Yip as Head of Player Performance at the organization, in addition to making a number of promotions. Yip returns to Immortals, having previously been there in 2017 working with its League of Legends team. According to Immortals, Yip works with both the LCS and VALORANT teams on their physical, mental, and emotional well-being. (More... <https://www.socaltech.com/fullstory/0081641.html>) *Happy Money Names Interim CEO* <https://www.socaltech.com/fullstory/0081639.html> Orange County-based fintech startup Happy Money, which operates a service to help consumers better manage their money and pay off credit card debt, says it has named Jeff Winner as the company's Interim CEO. The company said its founder, Scott Saunders, will remain Chairman of the company. Winner previously served at such companies at Twitter, Stripe, and also was Chief Technology Officer for Marcus, Goldman Sachs' Consumer Business. ( More... <https://www.socaltech.com/fullstory/0081639.html>) *Avidity Biosciences Shuffles Board* <https://www.socaltech.com/fullstory/0081640.html> La Jolla-based biopharmaceuticals developer Avidity Biosciences has shuffled its board, saying today that it has named Eric Mosbrooker to its board, with Roderick Wong, M.D. departing. Mosbrooker is the chief operations officer for Cognoa. He also has served as chief commercial officer at Audentes Therapeutics overseeing the gene therapy business unit, in addition to serving at Horizon Pharmaceuticals. (More... <https://www.socaltech.com/fullstory/0081640.html>) *Phase Four Wins US Space Force Contract* <https://www.socaltech.com/fullstory/0081643.html> El Segundo-based space thruster developer *Phase Four <https://www.phasefour.io>* says it has won a U.S. Space Force contract, as a result of its participation at the SpaceWERX Pitch Day. According to the company, the contract calls for the company to use a US air force developed propellant and its radio-frequency thruster in a demonstration effort. Size of that US Space Force contract was not announced. Phase Four is led by CEO Beau Jarvis.(More... <https://www.socaltech.com/fullstory/0081643.html>) *Rocket Lab Hits The Nasdaq* <https://www.socaltech.com/fullstory/0081637.html> Long Beach-based Rocket Lab is the region's newest, public company, after completing a deal with a special purpose acquisition company (SPAC) this morning. The company--which rang the Nasdaq opening bell this morning--merged with Vector Acquisition Corp., which had been trading as VACQ on the Nasdaq. The company is now trading this morning as RKLB and RKLBW. The new, combined company has been renamed Rocket Lab USA, Inc. ( More... <https://www.socaltech.com/fullstory/0081637.html>) *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]. *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 Zero Trust Policies. Please reach us at [email protected] to start a conversation or visit our website https://networkthinking.com/devops/ *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 *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! 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Contact [email protected] for details. ------------------------------ *Recent Funding <#funding>* 8/25/21 Energy Vault <https://www.socaltech.com/intelligence/?action=showdeal&id=103143> Westlake Village $100.00 M 8/25/21 Shield AI Inc <https://www.socaltech.com/intelligence/?action=showdeal&id=103142> San Diego $210.00 M 8/24/21 Greenfly <https://www.socaltech.com/intelligence/?action=showdeal&id=103141> Santa Monica $8.40 M 8/19/21 Apeel Sciences <https://www.socaltech.com/intelligence/?action=showdeal&id=103140> Goleta $250.00 M 8/19/21 RepairSmith <https://www.socaltech.com/intelligence/?action=showdeal&id=103139> El Segundo $42.00 M 8/16/21 Seismic <https://www.socaltech.com/intelligence/?action=showdeal&id=103138> Solana Beach $170.00 M 8/11/21 JUNO Live <https://www.socaltech.com/intelligence/?action=showdeal&id=103137> San Diego $3.50 M 8/11/21 HopSkipDrive <https://www.socaltech.com/intelligence/?action=showdeal&id=103136> South Pasadena $25.00 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 ------------------------------ *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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