*socaltech.com <http://socaltech.com> TechNews - Friday, September 10, 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 * - Energy Vault To List On NYSE Via SPAC <#0081693> - Sonos Continues To Battle Google Over Patents <#0081692> - Motive Companies Backs GenXComm In Strategic Investment <#0081691> - Crexi Adds New CFO, Legal Head <#0081689> - Immortals Launches New, More Affordable Clothing Line <#0081690> - Jam City Raises $350M, Acquires Ludia For $165M <#0081687> - Whiplash Acquires Enlinx <#0081685> - GoFormz Raises $20M In Series A <#0081684> *Marketplace* - Stradling: Westlake Village Offices Have Moved <#ad776> - Accelerating Growth For Early Stage Innovation. <#ad764> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Pacific Western Bank, Venture Banking Group <#ad749> *Friday, September 10, 2021* *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/ *Energy Vault To List On NYSE Via SPAC* <https://www.socaltech.com/fullstory/0081693.html> Westlake Village-based gravity-based energy storage technology developer EnergyVault says it will list on the NYSE, via a merger with a special purpose acqisition company (SPAC), Novus Capital Corporation II. According to the two companies, they are in a definitive agreement for a business combination, where the combined company will trade on the NYSE under the symbol GWHR. The two said the combined firm will have an implied pro-forma enterprise value of $1. (More... <https://www.socaltech.com/fullstory/0081693.html>) *Sonos Continues To Battle Google Over Patents* <https://www.socaltech.com/fullstory/0081692.html> Santa Barbara-based smart speaker manufacturer Sonos is continuing to battle Google over patents, asking the U.S. International Trade Commission this week to reject a judge's blessing of a software design change to avoid infringing on Sonos patents. Sonos called the Google changes "half-baked" and "trivial". Sonos sued Google in January of 2020, alleging patent infringement on a number of its patents, as Google's smart speakers have cut into Sonos sales. (More... <https://www.socaltech.com/fullstory/0081692.html>) *Motive Companies Backs GenXComm In Strategic Investment* <https://www.socaltech.com/fullstory/0081691.html> Fountain Valley-based Motive Companies, which provides renewable energy and infrastructure products, says it has made a strategic investment in GenXComm, a developer of dynamic filtering and Radio Frequency (RF)-photonics systems. GenXComm said it has raised $20M in its Series B funding round, which was led by Motive Companies, along with Raine Next-Gen Communications and BMW iVentures. GenXComm previously also received funding from Intel Capital, Azure Capital, and Bandgap Ventures. (More... <https://www.socaltech.com/fullstory/0081691.html>) *Crexi Adds New CFO, Legal Head* <https://www.socaltech.com/fullstory/0081689.html> Los Angeles-based commercial real estate marketplace operator Crexi said this week that it has added both a new CFO, Tim Laehy, and a new Chief Legal Officer, Kris Cheh Beck. According to the company, the new additions are in preparation for accelerated growth. Laehy has previously served as interim CEO at Coinbase. Beck was most recently Chief Legal Officer at United Capital, which was acquired by Goldman Sachs in 2019 for $750M. ( More... <https://www.socaltech.com/fullstory/0081689.html>) *Immortals Launches New, More Affordable Clothing Line* <https://www.socaltech.com/fullstory/0081690.html> Los Angeles-based e-sports organization Immortals said on Thursday that it has launched a new clothing line, which it says it will sell at zero profit. According to the company, the new Immortal Essentials line includes to a unisex line of t-shirts, hoodies, hats, and more. The company said the new line of clothing is a way to be "more accessible" to fans. The company said its new product line--which replaces an earlier attempt at merchandising--range from $17 to $40. (More... <https://www.socaltech.com/fullstory/0081690.html>) *Jam City Raises $350M, Acquires Ludia For $165M* <https://www.socaltech.com/fullstory/0081687.html> Los Angeles-based mobile games developer JamCity is continuing its growth, saying on Wednesday that it has raise $350M in new funding, and acquired mobile game studio Ludia. According to the company, it paid $165M to acquire Ludia from Fremantle. Ludia is behind the Jurassic World games, including Jurassic World: The Game and Jurassic World Alive. (More... <https://www.socaltech.com/fullstory/0081687.html>) *Whiplash Acquires Enlinx* <https://www.socaltech.com/fullstory/0081685.html> Los Angeles-based omnichannel fulfillment provider Whiplash said on Wednesday that it has acquired Enlinx, a 3PL fulfillment provider based in Salt Lake City, Utah. Financial terms of the acquisition were not announced. According to Whiplash, the deal will give it a foothold in the Intermountain region, and help expand its U.S. coverage as it sees accelerated demand for direct-to-consumer (D2C) ecommerce and omnichannel services. (More... <https://www.socaltech.com/fullstory/0081685.html>) *GoFormz Raises $20M In Series A* <https://www.socaltech.com/fullstory/0081684.html> San Diego-based mobile form and data capture app developer GoFormz said this morning that it has raised $20M in a Series A funding. The company said it recently close the final allotment in the financing round. The round was led by Shasta Ventures, and also included existing investors Cloud Apps Capital Partners and Glynn Capital. (More... <https://www.socaltech.com/fullstory/0081684.html>) *Stradling: Westlake Village Offices Have Moved < [email protected]>* Stradling: Solutions at the speed of now Our Westlake Village office has moved to a new location: 3075 Townsgate Road, Suite 330 Westlake Village, CA 91360 805-730-6830 Brent Reinke Shareholder [email protected] 895-730-6825 *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 *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]. *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]. ------------------------------ *Recent Funding <#funding>* 9/08/21 Replicate Bioscience, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=103152> San Diego $40.00 M 9/08/21 Tiled, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=103151> San Diego $13.70 M 9/08/21 Jam City <https://www.socaltech.com/intelligence/?action=showdeal&id=103153> Culver City $350.00 M 9/03/21 Plantible Foods <https://www.socaltech.com/intelligence/?action=showdeal&id=103150> San Diego $21.50 M 8/31/21 Flip <https://www.socaltech.com/intelligence/?action=showdeal&id=103146> Los Angeles $28.00 M 8/31/21 H Code Media, LLC <https://www.socaltech.com/intelligence/?action=showdeal&id=103147> Santa Monica $0.00 M 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 ------------------------------ *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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