*socaltech.com <http://socaltech.com> TechNews - Friday, August 27, 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 * - Coco Connects With $36M For Delivery Robots <#0081649> - Bright Rounds Up $15M For Online, Live Classes From Celebrities <#0081645> - UTA Ties With Rally On Social Tokens <#0081648> - National Equity Fund, Silicon Valley Bank Team For $110M Opportunity Zone Invest <#0081646> - Kyriba Ties With Australia's Openpay <#0081647> - Headspace Merges With Ginger <#0081644> *Marketplace* - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Pacific Western Bank, Venture Banking Group <#ad749> - Accelerating Growth For Early Stage Innovation. <#ad764> - Network Thinking Solutions - DevOps and Managed Services <#ad774> *Friday, August 27, 2021* *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 *Coco Connects With $36M For Delivery Robots* <https://www.socaltech.com/fullstory/0081649.html> Los Angeles-based Coco, a new startup focused on delivery robots, said this week that it raised $36M in a Series A funding round. The funding came from Sam Altman, Silicon Valley Bank, Founders Fund, Sam Nazarian, Ellen Chen, and Mario Del Pero. The company, led by co-founder and CEO Zach Rash, is developing autonomous delivery robots, and wa sformerly known as Cyan Robotics. The company says it has now raised $43M in total funding. (More... <https://www.socaltech.com/fullstory/0081649.html>) *Bright Rounds Up $15M For Online, Live Classes From Celebrities* <https://www.socaltech.com/fullstory/0081645.html> Los Angeles-based Bright said on Thursday that it has raised $15M in a celebrity-packed funding round, for its online, livestreamed classes. ( More... <https://www.socaltech.com/fullstory/0081645.html>) *UTA Ties With Rally On Social Tokens* <https://www.socaltech.com/fullstory/0081648.html> UTA, the talent, entertainment, and sports agency, said this week that it has linked with Rally, a new "social token fan engagement and monetization platform", to help its creators, artists, celebrities, athletes, and to launch their own social tokens. According to UTA, UTA Marketing will UTA Digital Assets division to educate and facilitate talent onboarding onto the Rally platform. Financial details of the deal were not announced. ( More... <https://www.socaltech.com/fullstory/0081648.html>) *National Equity Fund, Silicon Valley Bank Team For $110M Opportunity Zone Invest* <https://www.socaltech.com/fullstory/0081646.html> Silicon Valley Bank and nonprofit the National Equity Fund said this week that SVB will commit $110M for affordable housing in both Los Angeles and the Bay Area, to go towards creating affordable housing in high rent California districts. The two said the deal will allow Santa Rosa, Coachella, Los Angeles and San Jose low-income residents will soon have new options for affordable housing. (More... <https://www.socaltech.com/fullstory/0081646.html>) *Kyriba Ties With Australia's Openpay* <https://www.socaltech.com/fullstory/0081647.html> San Diego-based cloud-based finance software provider *Kyriba <https://www.kyriba.com>* said this week that it has tied with *Openpay Group Ltd*, a payments fintech company, to provide new B2B payment options to Kyriba's clients. Financial details of the deal were not announced. Openpay's software is used by B2B management of payments to buyers and suppliers. The two said that the partnership is Openpay's first expansion into the United States.(More... <https://www.socaltech.com/fullstory/0081647.html>) *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>) *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 *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]. *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 *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/ ------------------------------ *Recent Funding <#funding>* 8/27/21 Bright Live <https://www.socaltech.com/intelligence/?action=showdeal&id=103144> Santa Monica $15.00 M 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 ------------------------------ *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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