*socaltech.com <http://socaltech.com> TechNews - Monday, August 30, 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 * - Rivian Seeks $80 Billion In IPO <#0081653> - Boundless Bio Names General Counsel <#0081652> - Sugar Scores $2.5M For Apartment, Community Software <#0081650> - CoreLogic: As Much As $220 Billion In Damages Possible From Ida <#0081651> - Coco Connects With $36M For Delivery Robots <#0081649> - Bright Rounds Up $15M For Online, Live Classes From Celebrities <#0081645> *Marketplace* - Pacific Western Bank, Venture Banking Group <#ad749> - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Network Thinking Solutions - DevOps and Managed Services <#ad774> - Accelerating Growth For Early Stage Innovation. <#ad764> *Monday, August 30, 2021* *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. *Rivian Seeks $80 Billion In IPO* <https://www.socaltech.com/fullstory/0081653.html> Electric vehicle maker *Rivian <http://www.rivian.com>* said Friday that it has filed confidentially for an IPO, and is looking to have an IPO around Thanksgiving. Bloomberg said that Rivian is looking for a valuation of up to $80 billion. Rivian has significant operations in Irvine. The company is developing an electric pick-up and SUV, and has a deal with Amazon for electric delivery vehicles.(More... <https://www.socaltech.com/fullstory/0081653.html>) *Boundless Bio Names General Counsel* <https://www.socaltech.com/fullstory/0081652.html> San Diego-based oncology drug developer Boundless Bio said this morning that it has aappointed Jessica Oien as its new General Counsel and Corporate Secretary. Oien was previously General Counsel and Corporate Secretary at the public biotechnology company Cidara Therapeutics, and also has served at Otonomy, Inc., Pernix Therapeutics, Somaxon Pharmaceuticals, Verus Pharmaceuticals, and Elan Corporation, in addition to serving at Brobeck, Phleger & Harrison and Milbank, Tweed, Hadley & McCloy. (More... <https://www.socaltech.com/fullstory/0081652.html>) *Sugar Scores $2.5M For Apartment, Community Software* <https://www.socaltech.com/fullstory/0081650.html> Los Angeles-based Sugar, which develops software to help manage apartment and residential living, has raised $2.5M in a seed funding round, according to the company. The funding included MetaProp, Agya Ventures, Concrete Rose, Debut Capital, The Community Fund, Consonance Capital, Lightspeed Scout Fund, and Jason Calacanis' LAUNCH syndicate, along with angels Wasserstrum and Diran Otegbade, Oleksiy Ignatyev, Claire Cormier Thielke, and Ben Zises. (More... <https://www.socaltech.com/fullstory/0081650.html>) *CoreLogic: As Much As $220 Billion In Damages Possible From Ida* <https://www.socaltech.com/fullstory/0081651.html> Irvine-based property information provider CoreLogic said this morning that it estimates that 941,392 homes are threatened by severe wind, storm surge, and extended heavy rainfall damage due to Hurricane Ida, which made landfall yesterday in Louisiana, with as much as $220 billion in damages possible. The company said it calculated the combined reconstruction cost value (RCV) of $220.37 billion based on the homes in Louisiana, Alabama, and Mississippi within the impact zone of the storm. (More... <https://www.socaltech.com/fullstory/0081651.html>) *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>) *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]. *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 *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 *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 ------------------------------ *Recent Funding <#funding>* 8/27/21 Bright Live <https://www.socaltech.com/intelligence/?action=showdeal&id=103144> Santa Monica $15.00 M 8/26/21 Sugar Living <https://www.socaltech.com/intelligence/?action=showdeal&id=103145> Santa Monica $2.50 M 8/25/21 Shield AI Inc <https://www.socaltech.com/intelligence/?action=showdeal&id=103142> San Diego $210.00 M 8/25/21 Energy Vault <https://www.socaltech.com/intelligence/?action=showdeal&id=103143> Westlake Village $100.00 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 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 ------------------------------ *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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