*socaltech.com <http://socaltech.com> TechNews - Wednesday, December 22, 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 ------------------------------ *** Dear readers -- this will be the last published newsletter for 2021. We'll be on hiatus until the beginning of January, but we will be posting news to our website during the holiday break. Have a great holiday season, and thank you for your support!! Ben Kuo, Editor and Publisher ( [email protected]) *Headlines * - AWS Glitch Takes Down Slack, Hulu <#0082047> - Amazon, Twitter, Meta, And Others Pull Out Of CES <#0082044> - Virgin Orbit In Partnership With Intelligence Firm <#0082045> - Diversis Capital Backs SalesRabbit, Eyes Acquisitions <#0082046> - Novea Raises $50M For Warranty, Service Contracts Fintech <#0082040> - Sketchy Takes On MCATs In Partner Deal <#0082042> *Marketplace* - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Stradling <#ad608> - Support Our News Coverage - Become A Member Today! <#ad680> *Wednesday, December 22, 2021* *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]. *AWS Glitch Takes Down Slack, Hulu* <https://www.socaltech.com/fullstory/0082047.html> Another glitch in Amazon Web Services this morning briefly took down a large number of services this morning, including Slack, Hulu, and others, due to what AWS reported was a power outage at a data center. According to the Amazon Web Services Dashboard a power outage at a data center affected its US-EAST-1 region, with continuing issues now with the Amazon Elastic Compute Cloud. (More... <https://www.socaltech.com/fullstory/0082047.html>) *Amazon, Twitter, Meta, And Others Pull Out Of CES* <https://www.socaltech.com/fullstory/0082044.html> In a blow to the return to normal for the tech industry, a number of companies--including Amazon, Meta, and Twitter--announced yesterday that they will not be attending what had been expected to be the first, in-person Consumer Electronics Show since the beginning of this pandemic. CES--which had run an online event early in 2021--had announced they would be going back to in-person events for 2022. The show had been requiring people to show proof of vaccination to attend. (More... <https://www.socaltech.com/fullstory/0082044.html>) *Virgin Orbit In Partnership With Intelligence Firm* <https://www.socaltech.com/fullstory/0082045.html> Long Beach-based Virgin Orbit, which is developing satellite launch systems, says it has partnered with signals intelligence provider Horizon Technologies. Financial details of the deal were not announced, however, Virgin Orbit said it will become Horizon's preferred launch partner, will take an equity stake in the company, and will appoint a Virgin Orbit representative to Horizon's board. (More... <https://www.socaltech.com/fullstory/0082045.html>) *Diversis Capital Backs SalesRabbit, Eyes Acquisitions* <https://www.socaltech.com/fullstory/0082046.html> Los Angeles-based private equity investor Diversis Capital Management said this week that it has backed field sales software developer SalesRabbit. Financial details of the investment were not announced, however, Diversis said it provided a "significant growth investment" to SalesRabbit. SalesRabbit offers up both native mobile and web-based software aimed at field sales organizations. The company is based in Utah. (More... <https://www.socaltech.com/fullstory/0082046.html>) *Novea Raises $50M For Warranty, Service Contracts Fintech* <https://www.socaltech.com/fullstory/0082040.html> Los Angeles-based fintech startup Novea, the parent company of Novea, Jacana Warranty, and Jacana Insurance, says it has raised $50M in equity funding, along with $5M in debt. The funding came from Newpoint Financial Group, a Swiss investor. According to the company, the funding will go to support its proprietary user platform, which is aimed at the consumer warranty and service contracts industry. Novea is led by CEO Jim Quinlan. (More... <https://www.socaltech.com/fullstory/0082040.html>) *Sketchy Takes On MCATs In Partner Deal* <https://www.socaltech.com/fullstory/0082042.html> Los Angeles-based Sketchy, an educational technology company known for creating visual study tools, says it is taking aim at the MCAT (Medical College Admission Test) in a deal with Blueprint, a provider of MCAT prep products. Financial details of the deal were not announced. The companies said the two have partnered to help students prepare for the MCAT. Sketchy is backed by TCG and Reach Capital, who invested $30 million in the company in 2020. Both companies are based in Los Angeles. (More... <https://www.socaltech.com/fullstory/0082042.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]. *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. *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 ------------------------------ *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 VideoAmp <https://www.socaltech.com/intelligence/?action=showdeal&id=103180> Santa Monica $275.00 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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