*socaltech.com <http://socaltech.com> TechNews - Tuesday, March 15, 2022* Edited by Benjamin F. Kuo ISSN: 1524-6736 http://www.socaltech.com/News <https://www.socaltech.com/News> ------------------------------
*Sponsored By * Tech vs. Media Podcast (https://link.chtbl.com/aKC6DpJG) 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 * - Snappt Connects With $100M <#0082289> - Eclipsebio Finds $14M For RNA Genomics <#0082288> - Genies Gets Investment From Disney's Iger <#0082284> - Molecular Assemblies Gains $25.8M For DNA Synthesis <#0082287> - UBIX Names Advisor <#0082286> - Rivian Names New COO <#0082285> - Foxconn, With Operations In LA, Shuts Factories In Shenzhen <#0082283> *Marketplace* - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - Accelerating Growth For Early Stage Innovation. <#ad764> - Pacific Western Bank, Venture Banking Group <#ad749> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Stradling <#ad608> - Pixelgate.net - Internet Access, Web Hosting, Network Services <#ad188> *Tuesday, March 15, 2022* *Tech vs. Media: From Working in a Small Apartment to Selling Your Company for Over $100M <https://www.curtco.com/tvm-06-jon-skogmo>* How to go from $10,000 and Working in a Small Apartment to Selling Your Company for Over $100,000,000 with Junkin Media Founder and Former CEO, Jon Skogmo The ultimate content creator: the “King of Viral Video,” founder and former CEO of Junkin Media Jon Skogmo, discusses how licensing and monetizing video clips on digital platforms and being an early adopter of YouTube helped him sell his company for over 100 million dollars. Listen to the episode here: href="https://www.curtco.com/tvm-06-jon-skogmo *Snappt Connects With $100M* <https://www.socaltech.com/fullstory/0082289.html> Los Angeles-based Snappt, a proptech startup which provides fraud protection for property managers, announced this morning that it has raised $100M in a Series A funding round. The funding came from Insight Partners. According to Snappt, it helps property managers accurately screen tenant applications and detect when financial documentation, such as pay stubs and bank statements, have been fraudulently altered. Daniel Berlind is the CEO and cofounder of Snappt. (More... <https://www.socaltech.com/fullstory/0082289.html>) *Eclipsebio Finds $14M For RNA Genomics* <https://www.socaltech.com/fullstory/0082288.html> San Diego-based Eclipsebio, a startup developing RNA genomics technology, aid this morning that it has raised $14M in a Series A financing round. The funding was co-led by Alexandria Venture Investments and iGlobe, and also included Photon Venture Alpha and Phoenix Venture Partners. As part of the funding, Hallie Kuhn, Ph.D., of Alexandria Ventures has joined the company's board. The company said the funding goes towards its RNA genomics technologies and products. (More... <https://www.socaltech.com/fullstory/0082288.html>) *Genies Gets Investment From Disney's Iger* <https://www.socaltech.com/fullstory/0082284.html> Los Angeles-based NFT avatar company Genies has scored an investment from former Walt Disney CEO Bob Iger, Iger said on Monday. According to Iger, he has joined the board of Genies as part of the move. Financial details of the investment were not announced. Genies develops "avatar" software for the metaverse, which allows celebrities and other people to add accessories, clothing, and other embellishments to those avatars via non-fungible tokens (NFTs). (More... <https://www.socaltech.com/fullstory/0082284.html>) *Molecular Assemblies Gains $25.8M For DNA Synthesis* <https://www.socaltech.com/fullstory/0082287.html> San Diego-based Molecular Assemblies, a company developing enzymatic DNA synthesis technology, announced this morning that it has raised $25.8M in its Series B financing round. The funding included Casdin Capital, plus Agilent Technologies, iSelect Fund, Codexis, LYFE Capital, and Argonautic Ventures. The company said the funding will go to advance its proprietary enzymatic DNA syntehsis technology, including early commercialization and a key customer program. Michael J. (More... <https://www.socaltech.com/fullstory/0082287.html>) *UBIX Names Advisor* <https://www.socaltech.com/fullstory/0082286.html> Orange County-based *UBIX <https://www.ubix.com>*, a developer of analytics software, said on Monday that it has named former Alteryx President Scott Jones to the company's board of advisors. Jones is currently CEO of data analytics software provider Incorta, and had been President of Alteryx through the company's IPO. According to UBIX, Jones grew Alteryx from $75M in revenues to more than $450M over four years UBIX says it develops a no-code analytics platform.(More... <https://www.socaltech.com/fullstory/0082286.html>) *Rivian Names New COO* <https://www.socaltech.com/fullstory/0082285.html> Irvine-based electric car maker Rivian Automotive said on Monday that it has hired Frank Klein as the company's new Chief Operating Officer. Klein--who was most recently at automotive manufacturer Magna Steyr--will not start at the company until June 1st. According to Rivian, Klein will be based at its factory in Normal, Illinois. Klein replaces former Chief Operations Officer Rod Copes, who left the company last year. Klein also previously served at Daimler AG. (More... <https://www.socaltech.com/fullstory/0082285.html>) *Foxconn, With Operations In LA, Shuts Factories In Shenzhen* <https://www.socaltech.com/fullstory/0082283.html> Electronic manufacturing giant Foxconn--which has a major operation in Los Angeles, in the form of Belkin--has shut down its manufacturing operations in Shenzhen, China, as a new COVID-19 outbreak has occurred in China. It's unclear how that shutdown will impact shipment of products at Belkin. Shenzhen is considered the "Silicon Valley" of China. (More... <https://www.socaltech.com/fullstory/0082283.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]. *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]. *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. *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 ------------------------------ *Recent Funding <#funding>* 3/10/22 Slingshot Aerospace <https://www.socaltech.com/intelligence/?action=showdeal&id=103210> El Segundo $25.00 M 3/10/22 Menlo Microsystems, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=103211> Irvine $150.00 M 2/22/22 Fama Technologies, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=103209> Los Angeles $10.00 M 2/17/22 Spotter, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=103208> Beverly Hills $200.00 M 2/17/22 Voila <https://www.socaltech.com/intelligence/?action=showdeal&id=103207> Los Angeles $6.00 M 2/15/22 Telgorithm <https://www.socaltech.com/intelligence/?action=showdeal&id=103206> Northridge $3.80 M 2/11/22 Sekr <https://www.socaltech.com/intelligence/?action=showdeal&id=103205> San Diego $2.25 M 2/09/22 Happy Money <https://www.socaltech.com/intelligence/?action=showdeal&id=103203> Tustin $50.00 M 2/09/22 Complyant <https://www.socaltech.com/intelligence/?action=showdeal&id=103204> Los Angeles $5.50 M 2/03/22 Platform Science, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=103202> San Diego $115.00 M 1/27/22 Matters Lab <https://www.socaltech.com/intelligence/?action=showdeal&id=103201> Los Angeles $2.00 M 1/13/22 Masters <https://www.socaltech.com/intelligence/?action=showdeal&id=103199> Los Angeles $2.70 M 1/13/22 HeyRenee <https://www.socaltech.com/intelligence/?action=showdeal&id=103200> Los Angeles $4.40 M 1/12/22 Jaanuu <https://www.socaltech.com/intelligence/?action=showdeal&id=103198> El Segundo $75.00 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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