*socaltech.com <http://socaltech.com> TechNews - Wednesday, November 3, 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 * - SecureAuth Acquires Acceptto <#0081887> - Rivian Nears IPO, Eyes $55 Billion Valuation <#0081886> - Hone Gets $16M For Corporate Training <#0081884> - Electrical Grid Monitoring Snags $17.5M <#0081883> - Model Medicines Takes $4.1M <#0081885> - DGene Snags $20M For Film Restoration Software <#0081880> - Shoreline Biosciences Finds $140M <#0081878> *Marketplace* - Network Thinking Solutions - DevOps and Managed Services <#ad774> - 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> *Wednesday, November 3, 2021* *Precellerator Program Virtual Demo Day - Nov 4 <https://stubbsalderton.com/preccelerator-program-virtual-demo-day/>* Precellerator Program Virtual Demo Day. Join Preccelerator U to kick off Virtual Demo Day on Thursday, November 4 at 4:00 pm. This free live webinar will feature a group of early-stage companies who we’ve worked with throughout the term to develop valuable industry knowledge and prepare them for the fundraising process. Companies such as Bevz, Blockforms, TopDog, KneeVoice, and Auxxit will be featured to showcase the skills they’ve learned and you’re invited to join the festivities! See https://stubbsalderton.com/preccelerator-program-virtual-demo-day/ *SecureAuth Acquires Acceptto* <https://www.socaltech.com/fullstory/0081887.html> Irvine-based SecureAuth, a developer of identity and access management software, said today that it has acquired Acceptto, a developer of passwordless authentication and behavioral modeling software. Financial terms of the acquisition were not announced. Both companies are involved in the area of "passwordless login" which continually authenticates users based on artificial intelligence software. SecureAuth is led by CEO and Executive Chairman Ravi Khatod. Acceptto is based in Portland, Oregon. ( More... <https://www.socaltech.com/fullstory/0081887.html>) *Rivian Nears IPO, Eyes $55 Billion Valuation* <https://www.socaltech.com/fullstory/0081886.html> Irvine-based electric vehicle maker Rivian is nearing its IPO, saying in a filing this week that it plans to offer up 135 million shares of its stock at between $57 to $62 per share. The company is expected to potentially hit the market next week. The pricing gives Rivian a valuation of as much as $54.6M, with the IPO bringing in as much as $9.6 billion in cpiatl from the company. Rivian has applied to list on the Nasdaq as RIVN. (More... <https://www.socaltech.com/fullstory/0081886.html>) *Hone Gets $16M For Corporate Training* <https://www.socaltech.com/fullstory/0081884.html> San Diego-based Hone, a provider of a corporate learning platform, has raised $16M in a Series A funding round. The funding was F-Prime Capital and also included Cowboy Ventures, NextGen Venture Partners, Slack Fund, Gaingels, Swift Ventures, and SemperVirens. According to the company, John Lin of F-Prime Capital will join the company's board as part of the funding. According to the company, the new funding will go towards its platform and to build out its go-to-market team. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showdeal&id=103185> )(More... <https://www.socaltech.com/fullstory/0081884.html>) *Electrical Grid Monitoring Snags $17.5M* <https://www.socaltech.com/fullstory/0081883.html> Electrical Grid Monitoring (EGM), an Israeli developer of electric grid monitoring products which has its U.S. headquarters in Los Angeles, says it has raised $17.5M in a funding round. The funding was led by Energy Growth Momentum. According to Electrical Grid Monitoring, it will use the funding to launch its entry into the utility grid modernization market in the US. EGM's efforts in the US are being run by Dr. Alex Levran, who serves as CEO of EGM, Inc. USA. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showco&id=64107>)( More... <https://www.socaltech.com/fullstory/0081883.html>) *Model Medicines Takes $4.1M* <https://www.socaltech.com/fullstory/0081885.html> San Diego-based Model Medicines, a company that is developing artificial intelligence and machine learning software for the drug discovery and development process, has raised $4.1M in a funding round. The funding came from 8VC, Irving Investors, Particle X and Nex Cubed. According to the company, it will use the funding to develop its therapeutic pipeline. ( More... <https://www.socaltech.com/fullstory/0081885.html>) *DGene Snags $20M For Film Restoration Software* <https://www.socaltech.com/fullstory/0081880.html> DGene, a content creation company which has a team in Los Angeles, but is based in San Jose, says it has raised $20M in a Series A funding. The company said it is building software "to expand creativity and redefine virtual production and immersive entertainment". The funding was led by Alibaba Group. DGene says it is using artificial intelligence for content creation and restoration. (More... <https://www.socaltech.com/fullstory/0081880.html>) *Shoreline Biosciences Finds $140M* <https://www.socaltech.com/fullstory/0081878.html> San Diego-based Shoreline Biosciences, a developer of cell immunotherapies for treating solid tumors and hematologic malignancies, has raised $140M in a financing round, the company said today. The funding was led by Ally Bridge Group, and also included new investors Eventide Asset Management, BeiGene, Irving Investors, Kingdon, NS Investment, Piper Heartland Healthcare Capital, and Superstring, along with current investors Boxer Capital, BVF Partners, L.P. (Funding Details <https://www.socaltech.com/intelligence/?action=showco&id=63312>)(More... <https://www.socaltech.com/fullstory/0081878.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/ *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>* 11/03/21 Hone <https://www.socaltech.com/intelligence/?action=showdeal&id=103185> Encinitas $16.00 M 11/02/21 Shoreline Biosciences, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=103183> La Jolla $140.00 M 11/01/21 Type:A Brands <https://www.socaltech.com/intelligence/?action=showdeal&id=103182> Los Angeles $0.00 M 10/28/21 SKYRYSE, INC. <https://www.socaltech.com/intelligence/?action=showdeal&id=103181> Ann Arbor $200.00 M 10/21/21 Flock Freight <https://www.socaltech.com/intelligence/?action=showdeal&id=103179> Solana beach $215.00 M 10/21/21 VideoAmp <https://www.socaltech.com/intelligence/?action=showdeal&id=103180> Santa Monica $275.00 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html November 4, Los Angele -- *Precellerator Program Virtual Demo Day* *NEW* . See http://www.socaltech.com/calendar/eventid/26743 ------------------------------ *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. 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