*socaltech.com <http://socaltech.com> TechNews - Friday, January 7, 2022* 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 * - Launch House Raising $10M For Startup Investments <#0082069> - LogicMonitor Names New CEO <#0082068> - TuSimple To Tap NVIDIA For Autonomous Trucking Effort <#0082067> - Alteryx Acquires Trifacta <#0082066> - Chronos Tech Names CEO <#0082070> - ONK Therapeutics Snags $21.5M for NK Cell Therapies <#0082065> *Marketplace* - Accelerating Growth For Early Stage Innovation. <#ad764> - KPMG QuantumShift Program: Join an exclusive group of elite entrepreneurs <#ad778> - Pacific Western Bank, Venture Banking Group <#ad749> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> *Friday, January 7, 2022* *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 *Launch House Raising $10M For Startup Investments* <https://www.socaltech.com/fullstory/0082069.html> Beverly Hills-based Launch House, which hosts month-long, live-in startup programs in Los Angeles and elsewhere, is looking to raised $10M in a new venture capital fund, according to a regulatory filing from the company. The filing said the company is raising $10M to invests in startups. The company started originally during the pandemic, when its founders rented a home in Mexico to work on startup projects and fight off social isolation. ( More... <https://www.socaltech.com/fullstory/0082069.html>) *LogicMonitor Names New CEO* <https://www.socaltech.com/fullstory/0082068.html> Santa Barbara-based software developer LogicMonitor says it has named Christina Kosmowski as the company's new CEO, succeeding former CEO Kevin McGibben. McGibben is shifting to become Executive Chairman of the company. Kosmowski was most recently President of the firm. According to LogicMonitor, it saw more than $150M in annual, recurring revenues and 50 percent year-over-year growth in 2021. (More... <https://www.socaltech.com/fullstory/0082068.html>) *TuSimple To Tap NVIDIA For Autonomous Trucking Effort* <https://www.socaltech.com/fullstory/0082067.html> San Diego-based autonomous driving systems developer TuSimple--which is developing technology to enable autonomous trucks--said this week that it has selected NVIDIA's DRIVE Orin systems-on-a-chip (SoC) for its Level 4 autonomous trucking efforts. NVIDIA is best known for its GPUs. According to TuSimple, NVIDIA' Drive Orin SoC delivers 254 TOPS (trillion operations per second) of performance and is the central computer for intelligent vehicles—powering safe autonomous driving capabilities. (More... <https://www.socaltech.com/fullstory/0082067.html>) *Alteryx Acquires Trifacta* <https://www.socaltech.com/fullstory/0082066.html> Irvine-based Alteryx, which develops analytics software, said Thursday afternoon that it has agreed to acquire Trifacta, a developer of data management and machine learning software. Alteryx said it will pay $400M in cash for Trifacta, and also will establish a retention pool of $75 million for former employees of Trifacta. The company said it expects to close the first quarter of 2022. Alteryx was advised by Goldman Sachs and Fenwick & West, with Trifacta advised by J.P. (More... <https://www.socaltech.com/fullstory/0082066.html>) *Chronos Tech Names CEO* <https://www.socaltech.com/fullstory/0082070.html> San Diego-based *Chronos Tech <https://www.chronostech.com>* said this week that it has named *Ali Farhang* as CEO of the company. Farhang also will join the company's board of directors. Farhang was most recently Corporate Vice President at Micron Technology, and also served 26 years at Intel. Chronos Tech is developing technology for systems-on-a-chip (SoC) in the cloud computing, AI, mobile, automotive, and other areas.(More... <https://www.socaltech.com/fullstory/0082070.html>) *ONK Therapeutics Snags $21.5M for NK Cell Therapies* <https://www.socaltech.com/fullstory/0082065.html> San Diego- and Galway, Ireland-based ONK Therapeutics announced today that it has raised $21.5M in its Series A funding. The funding was led by Acorn Bioventures and ALSHC, plus Cormorant Asset Management. The startup says it is developing optimally engineered natural killer (NK) cell therapies. ONK said the new funding will go to drive multiple, pre-clinical programs through IND-enabling studies, and also go towards GMP manufacturing capability. The company's CEO is Chris Nowers. (More... <https://www.socaltech.com/fullstory/0082065.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 *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 *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]. *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 ------------------------------ *Recent Funding <#funding>* 1/04/22 Liquid Death <https://www.socaltech.com/intelligence/?action=showdeal&id=103197> Santa Monica $75.00 M 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 MingSight Pharmaceuticals <https://www.socaltech.com/intelligence/?action=showdeal&id=103191> San Diego $20.00 M 11/15/21 Intelligo <https://www.socaltech.com/intelligence/?action=showdeal&id=103189> Los Angeles $22.00 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 ------------------------------ *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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