*socaltech.com <http://socaltech.com> TechNews - Tuesday, December 14, 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 * - Pixelz Acquired By Adelis Equity Partners <#0082020> - Rocket Lab Acquires SolAero <#0082016> - OFFLOADIT Launches Online Construction Material Marketplace <#0082019> - Faraday Future Claims Progress On Hanford Plant <#0082017> - Section 32 Expands Team <#0082018> - Wonder Dynamics, Founded By Ready Player One Actor, Raises $9M For AI <#0082015> *Marketplace* - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Stradling <#ad608> - Accelerating Growth For Early Stage Innovation. <#ad764> - Pacific Western Bank, Venture Banking Group <#ad749> - Accelerating Growth For Early Stage Innovation. <#ad764> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> *Tuesday, December 14, 2021* *Pixelgate.net - Internet Access, Web Hosting, Network Services <http://www.pixelgate.net>* We put the "Service" back into Internet Service Provider. http://www.pixelgate.net *Pixelz Acquired By Adelis Equity Partners* <https://www.socaltech.com/fullstory/0082020.html> San Diego-based Pixelz, which develops AI-powered image editing and retouching for the fashion industry, says it has been acquired by private equity investor Adelis Equity Partners. Financial details of the acquisition were not announced. According to the company, led by CEO Thomas Ladefoged, it will use the acquisition to help accelerate international growth and continued development of its business model. (More... <https://www.socaltech.com/fullstory/0082020.html>) *Rocket Lab Acquires SolAero* <https://www.socaltech.com/fullstory/0082016.html> Long Beach-based Rocket Lab announced late Monday that it has acquired SolAero Holdings, a supplier of solar power products and precision aerospace structures for the global aerospace market. The company said it paid $80M in cash for SolAero. Rocket Lab said the deal will add a production line of high performing, space solar cells to its space systems business. SolAero was founded in 1998, and was headquartered in Albuquerque, New Mexico. (More... <https://www.socaltech.com/fullstory/0082016.html>) *OFFLOADIT Launches Online Construction Material Marketplace* <https://www.socaltech.com/fullstory/0082019.html> Atascadero-based *OFFLOADIT <https://www.offloadit.com>* said it has launched a new, online marketplace app, aimed at helping people buy and sell excess construction materials. According to the company, the marketplace is aimed at helping people both dispose of and acquire excess construction materials, helping to increase profits and prevent prevent materials and equipment from ending up in landfills. The startup's founder is Jim Firth. The company said the app is free to use.(More... <https://www.socaltech.com/fullstory/0082019.html>) *Faraday Future Claims Progress On Hanford Plant* <https://www.socaltech.com/fullstory/0082017.html> Los Angeles-based electric vehicle company Faraday Future is claiming additional progress on its efforts to start manufacturing vehicles, saying it has started construction of the foundation for its plant in Hanford, California. The company said the plant includes electrical and plumbing, and it hopes to begin installation of production and assembly equipment. The company claims it will start production at the plant in July of 2022. ( More... <https://www.socaltech.com/fullstory/0082017.html>) *Section 32 Expands Team* <https://www.socaltech.com/fullstory/0082018.html> San Diego-based venture investor Section 32--the venture investment firm founded by Bill Maris--says it is expanding its investing and operations teams in Silicon Valley. According to the firm, it added Wesley Tillu as Senior Principal and Vivian Chao as Controller. Tilu was most recently an investor at In-Q-Tel, and also worked at Google and GIC, among other companies. Chao was previously at Light Street Capital, and also served at Collective Health and KPMG LLP. (More... <https://www.socaltech.com/fullstory/0082018.html>) *Wonder Dynamics, Founded By Ready Player One Actor, Raises $9M For AI* <https://www.socaltech.com/fullstory/0082015.html> Los Angeles-based Wonder Dynamics, a startup founded by actor Tye Sheridan of "Ready Player One", said it has raised $9M in a Series A funding round. The funding was led by Horizons Ventures and also included Epic Games and Samsung Next. The company said it is building artificial intelligence (AI) technology for the film and "Metaverse" markets. The company said it is developing AI-powered production tools, which provides improved cost and speed for media production and post-production. (More... <https://www.socaltech.com/fullstory/0082015.html>) *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 *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. *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]. *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]. ------------------------------ *Recent Funding <#funding>* 12/01/21 Ember Technologies <https://www.socaltech.com/intelligence/?action=showdeal&id=103194> Westlake Village $23.50 M 11/29/21 Ablaze Pharmaceuticals <https://www.socaltech.com/intelligence/?action=showdeal&id=103193> San Diego $75.00 M 11/18/21 Machina Labs <https://www.socaltech.com/intelligence/?action=showdeal&id=103192> Los Angeles $16.30 M 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 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 ------------------------------ *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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