*socaltech.com <http://socaltech.com> TechNews - Friday, December 17, 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 * - Go Disco Launches Entertainment Discovery App <#0082033> - Rivian Plans New Factory In Georgia <#0082032> - Elementary Picks Up $30M For Manufacturing AI <#0082030> - Navitas Gets Design Win With Dell <#0082034> - Cue Health Sets CMO <#0082031> - AvantStay Secures $160M More <#0082026> *Marketplace* - Accelerating Growth For Early Stage Innovation. <#ad764> - Pacific Western Bank, Venture Banking Group <#ad749> - Stradling <#ad608> - Network Thinking Solutions - DevOps and Managed Services <#ad774> *Friday, December 17, 2021* *KPMG QuantumShift Program: Join an exclusive group of elite entrepreneurs <https://info.kpmg.us/quantumshift.html>* SHIFT TO A NEW LEVEL OF SUCCESS Welcoming America’s most innovative and promising CEOs to the University of Michigan’s campus in Ann Arbor for a five-day (May 1-6, 2022) learning and peer-to-peer networking experience. QuantumShift is led by faculty from the Stephen M. Ross School of Business and aims to help entrepreneurs improve their leadership approach, inspire their people, and maximize their growth opportunities. Interested in joining the class of 2022? Please apply here: https://info.kpmg.us/quantumshift.html *Go Disco Launches Entertainment Discovery App* <https://www.socaltech.com/fullstory/0082033.html> Los Angeles-based Go Disco announced this morning that it has launched a new, experience and entertainment discovery app, which is designed to help individuals find "cool things to do" in their area. The startup, led by co-founder and CEO Sean Conrad, says it offers access to a variety of curated experiences, and currently offers up access to those activities in just Los Angeles. (More... <https://www.socaltech.com/fullstory/0082033.html>) *Rivian Plans New Factory In Georgia* <https://www.socaltech.com/fullstory/0082032.html> Irvine-based electric truck maker < href="https://www.rivian.com";>Rivian, which is still early on in its efforts to develop electric powered trucks, says it plans to set up a new factory in Atlanta, Georgia. The company announced the deal with Georgia Gov. Brian Kemp. Rivian--which has only produced a few electric pickup trucks so far, despite a recent IPO--will harvest a significant economic development package from Georgia for the factory. Terms of that incentive deal were not announced. (More... <https://www.socaltech.com/fullstory/0082032.html>) *Elementary Picks Up $30M For Manufacturing AI* <https://www.socaltech.com/fullstory/0082030.html> Los Angeles-based Elementary, which is developing artificial intelligence, machine vision software for the manufacturing industry, said Thursday that it raised $30M in its Series B funding. The funding was led by Tiger Global, and also included Threshold Ventures, Fika Ventures, Fathom Capital, Riot VC, and Toyota Ventures. Elementary is focusing its machine learning and artificial intelligence efforts on automating inspections in manufacturing. (Funding Details <https://www.socaltech.com/intelligence/?action=showco&id=59111>)(More... <https://www.socaltech.com/fullstory/0082030.html>) *Navitas Gets Design Win With Dell* <https://www.socaltech.com/fullstory/0082034.html> El Segundo-based gallium nitride (GaN) power semiconductor developer Navitas Semiconductor said today that it has been selected by Dell, for inclusion in the Dell Latitude 9000-series laptops. Shipment volumes and expected financial impact of the design win were not announced. According to the company, two of its ICs are being used in Dell's fast charge laptop adapters. The company says its ICs provide 50% energy savings and 3x faster charging. (More... <https://www.socaltech.com/fullstory/0082034.html>) *Cue Health Sets CMO* <https://www.socaltech.com/fullstory/0082031.html> San Diego-based health technology company Cue Health said this week that it has named Nitin Duggal as its Chief Marketing Officer. Duggal was most recently at Abbott Diabetes Care, where he had been for 10 years. He also previously had served at McKinsey & Co. The company said Duggal was most recently working at Abbott's Libre and FreeStyle Libre products as Senior Commercial Director. (More... <https://www.socaltech.com/fullstory/0082031.html>) *AvantStay Secures $160M More* <https://www.socaltech.com/fullstory/0082026.html> Los Angeles-based AvantStay, which operates a high end, short term rental marketplace, says it has raised $160M in a Series B funding round, the company said on Wednesday. The funding was co-led by Tarsadia Investments, and also included 3L Capital, along with Capital One Ventures, Bullpen Capital, and Convivialite plus angel and celebrity investors Saluda Grade, Greenhawk, Stephen Pagliuca, Fred Tuomi, Jerry Coleman, Jay McKee, Plus Capital, Paul George, Shawn Mendes, and others. (Funding Details <https://www.socaltech.com/intelligence/?action=showco&id=59119>)(More... <https://www.socaltech.com/fullstory/0082026.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 *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]. *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. *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/ ------------------------------ *Recent Funding <#funding>* 12/17/21 Elementary Robotics <https://www.socaltech.com/intelligence/?action=showdeal&id=103196> Los Angeles $30.00 M 12/16/21 AvantStay <https://www.socaltech.com/intelligence/?action=showdeal&id=103195> Los Angeles $160.00 M 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 Huckleberry Labs <https://www.socaltech.com/intelligence/?action=showdeal&id=103186> Irvine $12.50 M 11/04/21 Biolinq Inc <https://www.socaltech.com/intelligence/?action=showdeal&id=103187> San Diego $100.00 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 ------------------------------ *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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