*socaltech.com <http://socaltech.com> TechNews - Tuesday, November 16, 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 * - Inversion Snags $10M For Space Cargo Efforts <#0081932> - Rocket Lab Acquires Planetary Systems Corporation <#0081931> - TS Conductor Raises $25M <#0081928> - Faraday Future Delays Quarterly Filings After Short Seller Report <#0081929> - LA Kings, Sense Arena Partner On VR Ice Hockey Training <#0081930> - Mingsight Gets $20M <#0081925> *Marketplace* - 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> - Become a Socaltech Supporter! <#ad724> - Stradling <#ad608> *Tuesday, November 16, 2021* *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/ *Inversion Snags $10M For Space Cargo Efforts* <https://www.socaltech.com/fullstory/0081932.html> Los Angeles-based Inversion, a company which says it is developing space capsules aimed at making it easier to return cargo to Earth from space, has raised $10M in a seed funding round. The funding was led by Spark Capital, and also included Y Combinator, Embedded Ventures, Funders Club, Liquid 2 Ventures, plus angels Kyle Vogt (Cruise) and David Hodge. According to the company it is developing "space capsules" for re-entry from space. The company's CEO and co-founder is Justin Fiaschetti. (More... <https://www.socaltech.com/fullstory/0081932.html>) *Rocket Lab Acquires Planetary Systems Corporation* <https://www.socaltech.com/fullstory/0081931.html> Long Beach-based rocket launch provider Rocket Lab said late Monday that it has acquired Planetary Systems Corporation (PSC), a Maryland-based company developing spacecraft separation systems. According to Rocket Lab, it will pay $42M in cash and 1,720,841 shares of its common stock, plus up to 956,023 shares of its common stock based on performance earnouts for Planetary Systems. Rocket Labs says it has been using PSC's products on its Electron rocket. (More... <https://www.socaltech.com/fullstory/0081931.html> ) *TS Conductor Raises $25M* <https://www.socaltech.com/fullstory/0081928.html> San Clemente-based TS Conductor Corp., which develops high efficiency conductors for the electricity grid, has raised $25M in a funding round. The funding came from Breakthrough Energy Ventures, National Grid Partners and a subsidiary of NextEra Energy, along with Talkot and Hervé Touati. According to the company, the funding will go to build a manufacturing plant in the United States. TS Conductor Corp. is led by CEO Dr. Jason Huang. (More... <https://www.socaltech.com/fullstory/0081928.html>) *Faraday Future Delays Quarterly Filings After Short Seller Report* <https://www.socaltech.com/fullstory/0081929.html> In an inauspicious start as a public company, Los Angeles-based electric vehicle developer Faraday Future says it is delaying its filing of its quarterly reports for the quarter ended September 30th, 2021, due to allegations of "inaccurate disclosures". According to the company, it has formed a special committee of independent directors to review allegations of inaccurate disclosures. (More... <https://www.socaltech.com/fullstory/0081929.html>) *LA Kings, Sense Arena Partner On VR Ice Hockey Training* <https://www.socaltech.com/fullstory/0081930.html> The LA Kings are in a partnership on virtual reality hockey training with VR training company Sense Arena, according to AEG and Sense Arena. According to the two, Sense Arena will provide its virtual reality hockey training platform to Kings' players at the team's official practice partnership. Financial details of the deal were not announced. Sense Arena says it offers up its virtual reality ice hockey training, with more than 1200 installations in 30 countries. (More... <https://www.socaltech.com/fullstory/0081930.html>) *Mingsight Gets $20M* <https://www.socaltech.com/fullstory/0081925.html> San Diego-based MingSight Pharmaceuticals, a company that is developing treatments for chronic lymphocytic leukemia and diabetic macular edema, says it has raised $20M in a pre-Series B funding round. The funding was led by Kaitai Capital. According to the company, the proceeds of the funding will go towards clinical development of its product. Kai Zhang is CEO and co-founder of MingSight. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showdeal&id=103191> )(More... <https://www.socaltech.com/fullstory/0081925.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 *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 *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. *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. ------------------------------ *Recent Funding <#funding>* 11/15/21 Intelligo <https://www.socaltech.com/intelligence/?action=showdeal&id=103189> Los Angeles $22.00 M 11/15/21 MingSight Pharmaceuticals <https://www.socaltech.com/intelligence/?action=showdeal&id=103191> San Diego $20.00 M 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 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html November 18, Los Angeles -- *Digital Bridges: Why the Future of Tech Depends on Older Adults* *NEW* . See http://www.socaltech.com/calendar/eventid/26745 December 1, Los Angeles -- *USC Viterbi Startup Garage Presents: AWS Workshop* *NEW* . See http://www.socaltech.com/calendar/eventid/26744 ------------------------------ *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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