*socaltech.com <http://socaltech.com> TechNews - Thursday, October 14, 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 * - Mindbody Raises $500M, Acquires ClassPass <#0081815> - Vendorflow Gets $1.3M For Logistics Software <#0081814> - Bird Prototypes Sidewalk Avoidance Feature <#0081812> - Universal Hydrogen Scores $62M For Hydrogen Flight Sytsems <#0081816> - ATTOM: Foreclosure Filings Surge In Q3 2021 <#0081813> - Former Rubicon Project Founder Launches Startup Investment Fund <#0081811> *Marketplace* - Stradling <#ad608> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Accelerating Growth For Early Stage Innovation. <#ad764> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> *Thursday, October 14, 2021* *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]. *Mindbody Raises $500M, Acquires ClassPass* <https://www.socaltech.com/fullstory/0081815.html> San Luis Obispo-based software developer Mindbody said on Wednesday that it has raised $500M in a strategic investment, and acquired ClassPass, a monthly subscription service which provides access to fitness and wellness experiences. Financial details of the acquisition were not announced however, the two said the acquisition will be an all-stock deal, with ClassPass continuing to operate its app and website. (More... <https://www.socaltech.com/fullstory/0081815.html>) *Vendorflow Gets $1.3M For Logistics Software* <https://www.socaltech.com/fullstory/0081814.html> Los Angeles-based Vendorflow, a new startup developing communications infrastructure for trucking and logistics providers, has raised $1.3M in a funding round, the company said today. The funding was led by TenOneTen, and also included Amplify.LA, Jett McCandless (CEO, project44), Oren Zaslansky (CEO, Flock Freight), Param Singh (Best Bay Logistics), and Bobby Napiltonia (formerly of Twilio, Salesforce, and NEXT Trucking). (More... <https://www.socaltech.com/fullstory/0081814.html>) *Bird Prototypes Sidewalk Avoidance Feature* <https://www.socaltech.com/fullstory/0081812.html> Los Angeles-based micromobility provider Bird has added a new feature which attempts to stem the use of its scooters on sidewalks and footpaths, the company said on Wednesday afternoon. According to Bird, it has created a new "smart sidewalk protection" feature for its scooters, which uses wireless communication and positioning technology from u-blox to prevent sidewalk riding in communities. The company said the new system tracks the location of its scooters with "centimeter-level" precision. (More... <https://www.socaltech.com/fullstory/0081812.html>) *Universal Hydrogen Scores $62M For Hydrogen Flight Sytsems* <https://www.socaltech.com/fullstory/0081816.html> Los Angeles-based Universal Hydrogen Co., and aerospace startup which is looking to use hydrogen as fuel for aircraft, has raised $62M in a funding round, the company said this morning. The funding included Mitsubishi HC Capital, Tencent, Stratos, GE Aviation, Waltzing Matilda Aviation, Fourth Realm, Hawktail, Marc Benioff’s TIME Ventures, Jeff Wilke, and Spencer Rascoff's 75 and Sunny Ventures. (More... <https://www.socaltech.com/fullstory/0081816.html>) *ATTOM: Foreclosure Filings Surge In Q3 2021* <https://www.socaltech.com/fullstory/0081813.html> Irvine-based ATTOM, the unit of RealtyTrac which tracks foreclosure data, says that foreclosure filings for the U.S. have increased 68 percent from a year ago, and are up 34 percent from the previous quarter. The uptick in foreclosure starts come as a result of the retreat of foreclosure moratorium and mortgage forbearance programs. According to ATTOM, there were total of 45,517 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions in Q3. (More... <https://www.socaltech.com/fullstory/0081813.html>) *Former Rubicon Project Founder Launches Startup Investment Fund* <https://www.socaltech.com/fullstory/0081811.html> The former CEO and founder of Los Angeles-based advertising exchange Rubicon Project, Frank Addante, has launched a new, startup investment fund, he announced on Wednesday, saying that after a brief foray into retirement he decided to launch TinkerBarn Ventures, a new startup studio and early stage investment fund. Addante--who recently has been living in Park City, Utah--said he is forming the new fund with partner Brynn Moynihan. (More... <https://www.socaltech.com/fullstory/0081811.html>) *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. *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 *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]. ------------------------------ *Recent Funding <#funding>* 10/12/21 Day-J <https://www.socaltech.com/intelligence/?action=showdeal&id=103177> Los Angeles $2.00 M 10/11/21 Audio Up <https://www.socaltech.com/intelligence/?action=showdeal&id=103176> Los Angeles $12.00 M 10/07/21 GrayMatter Robotics <https://www.socaltech.com/intelligence/?action=showdeal&id=103169> Los Angeles $4.10 M 10/06/21 Amionx <https://www.socaltech.com/intelligence/?action=showdeal&id=103168> Carlsbad $0.00 M 9/29/21 Sommetrics, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=103166> San Diego $11.00 M 9/27/21 Dozuki <https://www.socaltech.com/intelligence/?action=showdeal&id=103164> San Luis Obispo $0.00 M 9/27/21 Thankful <https://www.socaltech.com/intelligence/?action=showdeal&id=103165> Venice $12.00 M 9/23/21 Clovers <https://www.socaltech.com/intelligence/?action=showdeal&id=103162> Los Angeles $15.00 M 9/22/21 Perch Mobility <https://www.socaltech.com/intelligence/?action=showdeal&id=103163> Los Angeles $0.00 M 9/21/21 Assembly <https://www.socaltech.com/intelligence/?action=showdeal&id=103161> Los Angeles $0.00 M 9/20/21 Omaze <https://www.socaltech.com/intelligence/?action=showdeal&id=103160> Venice $85.00 M 9/20/21 WurkNow <https://www.socaltech.com/intelligence/?action=showdeal&id=103158> Riverside $10.00 M 9/20/21 9am.health <https://www.socaltech.com/intelligence/?action=showdeal&id=103159> Encinitas $3.70 M 9/17/21 Outer <https://www.socaltech.com/intelligence/?action=showdeal&id=103157> Santa Monica $50.00 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. All rights reserved. socalTECH.com - Dedicated to High Tech in Southern California http://www.socaltech.com/ SOCALTECH LLC 4607 Lakeview Canyon Road, Suite 290, Westlake Village, CA 91361
_______________________________________________ Socaltech mailing list [email protected] http://listserv.socaltech.com/mailman/listinfo/socaltech
