*socaltech.com <http://socaltech.com> TechNews - Tuesday, November 9, 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 * - Edgemesh Aims At E-Commerce Sites <#0081907> - ServiceTitan Names CTO <#0081906> - PopID Launches Facial Recognition Payments In Japan <#0081905> - Boosted Commerce Taps Former Hollar CEO As President <#0081904> - Bandits Steal Truckload of GPUs On Their Way To Southern California <#0081903> - Procore Completes Levelset Buy <#0081902> - Interview with Beatriz Acevedo, SUMA Wealth <#0081897> - Rivian Facing Discrimination Lawsuit From Former Sales, Marketing VP <#0081901> - Hyperice Adds New Celebrity Investors <#0081899> *Marketplace* - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - Network Thinking Solutions - DevOps and Managed Services <#ad774> - Stradling <#ad608> - Support Our News Coverage - Become A Member Today! <#ad680> - Accelerating Growth For Early Stage Innovation. <#ad764> - Pacific Western Bank, Venture Banking Group <#ad749> *Tuesday, November 9, 2021* *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 *Edgemesh Aims At E-Commerce Sites* <https://www.socaltech.com/fullstory/0081907.html> Laguna Beach-based Edgemesh says it has upgraded its product Edgemesh Server product line to specifically help e-commerce customers before the holiday rush. The company said its product now offers up a new image optimization feature, which helps decrease image download sizes by 39%. The company says its product now provides the most efficient image format and optimal size for every device and browser, with support for PNG, JPEG, WEBP and AVIF formats. (More... <https://www.socaltech.com/fullstory/0081907.html>) *ServiceTitan Names CTO* <https://www.socaltech.com/fullstory/0081906.html> Los Angeles-based software developer ServiceTitan, which develops software to manage the businesses of plumbers, electricians, and other home-based services, said this morning that it has appointed Anmol Bhasin as the company's Chief Technology Officer. Bhasin was most recently Senior Vice President of Engineering for Einstein AI and Search initiatives at Salesforce. (More... <https://www.socaltech.com/fullstory/0081906.html>) *PopID Launches Facial Recognition Payments In Japan* <https://www.socaltech.com/fullstory/0081905.html> Pasadena-based PopID, a company developing payment systems which use facial recognition for payments, says it is in an effort with Japan Computer Vision (a subsidiary of SoftBank Corp) and Wendy's First Kitchen to deploy its payment systems in the country of Japan. According to the companies, Wendy's First Kitchen, a QSR chain in Japan, will accept payment using PopPay's payments systems at locations in Akasaka Mitsuke, Shibuya Center, and Jiyugaoka. (More... <https://www.socaltech.com/fullstory/0081905.html>) *Boosted Commerce Taps Former Hollar CEO As President* <https://www.socaltech.com/fullstory/0081904.html> Los Angeles-based e-commerce platform developer Boosted Commerce says it has hired Steve Oliver, the former CEO of e-commerce startup Hollar as its new President. According to Boosted Commerce, Oliver will be responsible for managing the company's portfolio of acquired brands. Oliver was head of Hollar through its sale to Five Below in 2020. He previously also served as COO of Ticketfly, and also previously served at Amazon. (More... <https://www.socaltech.com/fullstory/0081904.html>) *Bandits Steal Truckload of GPUs On Their Way To Southern California* <https://www.socaltech.com/fullstory/0081903.html> In an unusual crime, truckload of accelerated video cards (GPUs) heading from San Francisco to Southern California was stolen, according to the manufacturer, EVGA. The accelerated video cards--which are extremely hard to find now due to their popularity among Bitcoin and other cryptocurrency miners--are worth anywhere from $329.99 to $1959.99 each. (More... <https://www.socaltech.com/fullstory/0081903.html>) *Procore Completes Levelset Buy* <https://www.socaltech.com/fullstory/0081902.html> Carpinteria-based Procore Technologies, which develops construction management software, said last week that it has completed its previously announced acquisition of Levelset. Procore paid approximately $500 million, consisting of approximately $425 million in cash, subject to customary adjustments for working capital, transaction expenses, cash and indebtedness, and approximately $75 million in Procore common stock for Levelset. (More... <https://www.socaltech.com/fullstory/0081902.html>) *Interview with Beatriz Acevedo, SUMA Wealth* <https://www.socaltech.com/fullstory/0081897.html> For today's interview, we spoke with Beatriz Acevedo, the founder and CEO of SUMA Wealth (www.sumawealth.com), a fintech startup based in Los Angeles. Beatriz told us all about SUMA Wealth. The company's backers include Samara Hernández, founding partner at Chingona Ventures, plus Marcos Gonzalez at Vamos Ventures, the Kwanza Jones & José E. (More... <https://www.socaltech.com/fullstory/0081897.html>) *Rivian Facing Discrimination Lawsuit From Former Sales, Marketing VP* <https://www.socaltech.com/fullstory/0081901.html> Irvine-based Rivian, the electric vehicle maker which recently filed for an IPO, is now facing a gender discrimination lawsuit. The lawsuit--filed Thursday in Orange County--alleges that Rivian fired an executive at the company after she reported gender discrimination at the company. The executive has detailed a "boys club" culture at Rivian. (More... <https://www.socaltech.com/fullstory/0081901.html>) *Hyperice Adds New Celebrity Investors* <https://www.socaltech.com/fullstory/0081899.html> Irvine-based physical therapy device maker Hyperice, which develops a therapeutic device aimed at athletes, says it has added a slew of new celebrity athletes to its list of investors this morning. According to the company professional golfer Rory McIlroy, Formula One (F1) driver Daniel Ricciardo, NHL player Connor McDavid, NBA player Klay Thompson and NBA player Jayson Tatum have joined its slate of investors. Size of the investment was not announced. (More... <https://www.socaltech.com/fullstory/0081899.html>) *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]. *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/ *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. *Support Our News Coverage - Become A Member Today! <https://www.socaltech.com/Membership>* We often get asked--how do we pay for our news coverage and our publishing efforts? That's simple -- it's a combination of our sponsors and YOU. How can YOU make sure you continue to get news on Southern California's technology industry? By becoming a member of socaltech! Not only do you get to support our news coverage, but you also get access to our big database of Southern California companies, venture investors, service providers, and deal information, and many other resources. We are relying on YOU! Join today at http://www.socaltech.com/Membership *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 *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>* 11/04/21 Biolinq Inc <https://www.socaltech.com/intelligence/?action=showdeal&id=103187> San Diego $100.00 M 11/04/21 Huckleberry Labs <https://www.socaltech.com/intelligence/?action=showdeal&id=103186> Irvine $12.50 M 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 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 ------------------------------ *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). 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