*socaltech.com <http://socaltech.com> TechNews - Monday, October 25, 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 * - eyko Raises $2.5M For Data Software <#0081847> - FaZe Clan To Go Public Via SPAC <#0081848> - Winc Postpones IPO <#0081849> - LaserAway Snags Private Equity Investment <#0081850> - Inseego Sets Permanent CFO <#0081851> - Vizio Sued Over Use Of Open Source Software <#0081846> - Alteryx Acquires Lore IO <#0081843> *Marketplace* - Accelerating Growth For Early Stage Innovation. <#ad764> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - Pacific Western Bank, Venture Banking Group <#ad749> *Monday, October 25, 2021* *Become a Socaltech Supporter!* Interested in letting Southern California's high tech community know you are here for them? Want to reach Southern California's movers and shakers? Become a SPONSOR or SOCALTECH SUPPORTER! Our sponsors and supporters are featured on our website, and online service provider directory, as well as in our newsletter multiple times per week. It's a great way to both get the word out about your services, as well as support our news coverage of local companies across the tech industry! Contact [email protected] for details. *eyko Raises $2.5M For Data Software* <https://www.socaltech.com/fullstory/0081847.html> Santa Barbara-based Eyko, a new startup focused on "data preparation, blending, and streaming", says it has raised $2.5M in a Seed funding round, the company announced this morning. The company said the funding came from InReach Ventures and Taggia Investments, the personal investment vehicle of former Balderton Capital founder Barry Maloney. The startup is led by co-founder and CEO Paul Yarwood. (More... <https://www.socaltech.com/fullstory/0081847.html>) *FaZe Clan To Go Public Via SPAC* <https://www.socaltech.com/fullstory/0081848.html> Los Angeles-based e-sports brand FaZe Clan said this morning that it is in the midst of becoming publicly listed, via a merger with a Special Purpose Acquisition Company (SPAC). According to the company, it expects to list on the NASDAQ, via a merger with B. Riley Principal 150 Merger Corp., which is currently listed on the NASDAQ as BRPM. FaZe Clan says it expects to receive proceeds of approximately $291 million (including an estimated $118 million in PIPE proceeds) after the effort. (More... <https://www.socaltech.com/fullstory/0081848.html>) *Winc Postpones IPO* <https://www.socaltech.com/fullstory/0081849.html> Santa Monica-based wine subscription service *Winc <https://www.winc.com>* postponed its IPO on Thursday. Winc has not announced the reason for the delay. Winc had filed to raised $75M in an IPO, selling 5 million shares at between $14.00 and $16.00 per share. Winc had filed to list on the NYSE as WBEV. Winc was founded in 2011. The IPO was being underwritten by BofA Securities, Canaccord Genuity, Craig-Hallum Capital Group, and Roth Capital.(More... <https://www.socaltech.com/fullstory/0081849.html>) *LaserAway Snags Private Equity Investment* <https://www.socaltech.com/fullstory/0081850.html> West Hollywood-based LaserAway, an aesthetic dermatology business which offers laser hair removal, laser tattoo removal, laser skin rejuvenation services via a series of clinics, has scored private equity funding. According to the company, it raised funding from the Private Equity Group of Ares Management Corporation. Financial details of the deal were not announced. LaserAway was advised by Jeffries LLC with legal counsel O’Melveny & Myers LLP and Buchalter. (More... <https://www.socaltech.com/fullstory/0081850.html>) *Inseego Sets Permanent CFO* <https://www.socaltech.com/fullstory/0081851.html> San Diego-based Inseego announced on Monday morning that it has named Robert Barbieri as its Chief Financial Officer. Barbieri has been serving as the company's interim CFO since April. Barbieri was previously a Partner at consulting firm TechCXO. (More... <https://www.socaltech.com/fullstory/0081851.html>) *Vizio Sued Over Use Of Open Source Software* <https://www.socaltech.com/fullstory/0081846.html> Irvine-based Vizio has been sued over its use of open source software, with a group saying that Vizio should be required to share the source code underlying its televisions, due to their use of General Public License (GPL) software for its Smartcast televisions. The lawsuit was filed on Thursday by the Software Freedom Conservancy (SFC), a nonprofit which supports and defends free software. The group claims Vizio had "repeated failures to fulfill even the most basic requirements" of the license. ( More... <https://www.socaltech.com/fullstory/0081846.html>) *Alteryx Acquires Lore IO* <https://www.socaltech.com/fullstory/0081843.html> Irvine-based Alteryx, which develops analytics software, said this morning that it has acquired Lore IO, a developer of a no-code, artificial intelligence-enabled data modeling software. Financial details of the acquisition were not announced. Alteryx said that Lore IO was founded by veterans of Walmart Labs. Alteryx said the acquisition will help it add a team with skills for cloud-native analytic compute optimization and in-database processing. (More... <https://www.socaltech.com/fullstory/0081843.html>) *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 *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 *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]. *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>* 10/21/21 VideoAmp <https://www.socaltech.com/intelligence/?action=showdeal&id=103180> Santa Monica $275.00 M 10/21/21 Flock Freight <https://www.socaltech.com/intelligence/?action=showdeal&id=103179> Solana beach $215.00 M 10/20/21 Carbon Capture <https://www.socaltech.com/intelligence/?action=showdeal&id=103178> Pasadena $35.00 M 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 WurkNow <https://www.socaltech.com/intelligence/?action=showdeal&id=103158> Riverside $10.00 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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