*socaltech.com <http://socaltech.com> TechNews - Friday, October 15, 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 * - McDonald's Piloting Plant-Based Burger From Beyond Meat <#0081820> - imre Gets Investment From RLH Equity Partners <#0081819> - Cornerstone OnDemand Goes Private In $5.2 Billion Deal With Clearlake Capital <#0081818> - Clash Relaunches Video App As Creator Tool <#0081821> - Tala Takes $145M For Global Banking Effort <#0081817> - Mindbody Raises $500M, Acquires ClassPass <#0081815> *Marketplace* - Network Thinking Solutions - DevOps and Managed Services <#ad774> - 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, October 15, 2021* *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 *McDonald's Piloting Plant-Based Burger From Beyond Meat* <https://www.socaltech.com/fullstory/0081820.html> El Segundo-based plant-based burger company Beyond Meat has scored a win with McDonald's, and will be piloting a new plant-basd burger called the McPlant at eight McDonald's restaurants. According to McDonald's, the new McPlant will be tested for a limited time at those restaurants, which include locations in Irving and Carrollton, Texas, Cedar Falls, Iowa, Jennings and Lake Charles, Louisiana and El Segundo and Manhattan Beach, California. (More... <https://www.socaltech.com/fullstory/0081820.html>) *imre Gets Investment From RLH Equity Partners* <https://www.socaltech.com/fullstory/0081819.html> imre, a provider of strategic and creative marketing services to enterprise clients to clients in the life sciences and healthcare and consumer products and services areas, has received a private equity investment from Los Angeles-based RLH Equity Partners. According to RLH, imre--which is based in Baltimore, Los Angeles, New York City, and Philadelphia--servces such clients as AstraZeneca, Pfizer, GSK, John Deere, Infiniti, and Dickies. Financial details of the investment were not announced. (More... <https://www.socaltech.com/fullstory/0081819.html>) *Cornerstone OnDemand Goes Private In $5.2 Billion Deal With Clearlake Capital* <https://www.socaltech.com/fullstory/0081818.html> Santa Monica-based private equity investor Clearlake Capital Group says it has completed its acquisition of Los Angeles-based Cornerstone OnDemand, the provider of talent management software, in a deal which was worth $5.2 billion. According to Clearlake, it has acquired the outstanding shares of Cornerstone common stock for $57.50 per share in cash. As a result of the go-private deal, Cornerstone OnDemand no longer trades on the NASDAQ, where it had been listed as CSOD. (More... <https://www.socaltech.com/fullstory/0081818.html>) *Clash Relaunches Video App As Creator Tool* <https://www.socaltech.com/fullstory/0081821.html> Los Angeles-based video sharing startup Clash, which once was looking to take on TikTok, has relaunched its app as a way to help creators monetize their fan base. Clash says it is now providing tools to help creators monetize their fan base, working alongside existing social video apps like TikTok. Clash is led by a former Vine star, Brendon McNerney. The company's app currently is focusing on "Drops", a feature which lets fans tip creators. (More... <https://www.socaltech.com/fullstory/0081821.html>) *Tala Takes $145M For Global Banking Effort* <https://www.socaltech.com/fullstory/0081817.html> Los Angeles-based Tala, which offers up a global, mobile app that provides access to banking to the underbanked, has raised $145M in a Series E funding round, the company said on Thursday. The Series E funding was led by UPstart, and also included Stellar Development Foundation, Kindred Ventures and the J. Safra Group plus existing investors IVP, Revolution Growth, PayPal Ventures, and Lowercase Capital. The company says it has now raised more than $350M in total. (More... <https://www.socaltech.com/fullstory/0081817.html>) *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>) *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 *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>* 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 Thankful <https://www.socaltech.com/intelligence/?action=showdeal&id=103165> Venice $12.00 M 9/27/21 Dozuki <https://www.socaltech.com/intelligence/?action=showdeal&id=103164> San Luis Obispo $0.00 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. 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