*socaltech.com <http://socaltech.com> TechNews - Friday, April 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 * - Troubles Swirl Around Faraday Future, As CEO Demoted <#0082399> - Obsidian Security Adds $90M For SaaS Security Efforts <#0082397> - Impervious.ai Snags Seed Round <#0082396> - Kintara Snags $8.6M In PIPE <#0082398> - Welcome Tech Raises $30M More <#0082392> *Marketplace* - Accelerating Growth For Early Stage Innovation. <#ad764> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - Pacific Western Bank, Venture Banking Group <#ad749> - Pixelgate.net - Internet Access, Web Hosting, Network Services <#ad188> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> *Friday, April 15, 2022* *Tech vs Media Episode 8: The First Lady of Crypto <https://link.chtbl.com/aKC6DpJG>* 'The First Lady of Crypto' Crystal Rose Pierce Forecasts Her Top Crypto Picks and the Legitimacy of NFTs How did an anonymous 11 year old in an AOL chatroom become the 'First Lady of Crypto'? Crystal Rose Pierce discusses her inspiring rise in the technology industry, breaks down what NFTs are - and why they are here to stay - and shares her predictions for the next big crypto coin. https://link.chtbl.com/aKC6DpJG *Troubles Swirl Around Faraday Future, As CEO Demoted* <https://www.socaltech.com/fullstory/0082399.html> Troubles continue to swirl around Los Angeles-based electric vehicle company Faraday Future--which has yet to start shipping its vehicles--as its founder and CEO, Yueting Jia, has been demoted from his CEO post and placed back into his position as Chief Product Officer. (More... <https://www.socaltech.com/fullstory/0082399.html>) *Obsidian Security Adds $90M For SaaS Security Efforts* <https://www.socaltech.com/fullstory/0082397.html> Newport Beach-based Obsidian Security, a developer of software-as-a-service security tools, has raised $90M in its Series C funding round. The funding was led by Menlo Ventures, Norwest Venture Partners and IVP, with participation from existing investors Greylock, Wing and GV. As part of the funding, Obsidian said it has added Venky Ganesan to its board of directors. The company says it has now raised $119.5M in total financing. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showdeal&id=103217> )(More... <https://www.socaltech.com/fullstory/0082397.html>) *Impervious.ai Snags Seed Round* <https://www.socaltech.com/fullstory/0082396.html> Los Angeles-based Impervious Technologies, a developer of APIs that connect into the Bitcoin Lightning Network, has raised a round of seed funding. Size of that round was not announced. According to the company, the funding came from CoinShares, NYDIG, Trammell Venture Partners, Fundamental Labs, Strategic Cyber Ventures, TEN-31 and others. (More... <https://www.socaltech.com/fullstory/0082396.html>) *Kintara Snags $8.6M In PIPE* <https://www.socaltech.com/fullstory/0082398.html> San Diego-based biopharmacetuicals developer Kintara Therapeutics said Thursday that it has raised $8.6M in a registered direct offering, selling 16,226,416 shares of its common stock plus warrants for an additional 16,226,416 shares. The company said it sold those shares at a price of $0.53 per share and warrant. The company did not disclose the investors in the sale. (More... <https://www.socaltech.com/fullstory/0082398.html>) *Welcome Tech Raises $30M More* <https://www.socaltech.com/fullstory/0082392.html> Los Angeles-based Welcome Tech, a startup that provides financial tools and services to immigrant families, has raised $30M in a new funding round, the company said this morning. The funding came from existing investors TTV Capital, Owl Ventures, SoftBank Group Corp's SB Opportunity Fund, Mubadala Capital, and Next Play Capital. The company said the funding comes on top of an earlier, $35M Series B funding roudn in April of 2021, and brings its total funding to $70M in total. (Funding Details <https://www.socaltech.com/intelligence/?action=showdeal&id=103216>)(More... <https://www.socaltech.com/fullstory/0082392.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 *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]. *Pacific Western Bank, Venture Banking Group <http://www.pacwest.com/lending-solutions/venture-lending>* Pacific Western Bank is a commercial bank with over $40 billion in assets and 69 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. For more information, visit http://www.pacwest.com/lending-solutions/venture-lending, or reach out to Britt Nelson at [email protected]. *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 *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>* 4/15/22 Obsidian Security <https://www.socaltech.com/intelligence/?action=showdeal&id=103217> Newport Beach $90.00 M 4/14/22 Welcome Tech <https://www.socaltech.com/intelligence/?action=showdeal&id=103216> Los Angeles $30.00 M 4/12/22 Studio <https://www.socaltech.com/intelligence/?action=showdeal&id=103214> Los Angeles $50.00 M 3/23/22 Gamefam <https://www.socaltech.com/intelligence/?action=showdeal&id=103212> Los Angeles $25.00 M 3/23/22 Subject <https://www.socaltech.com/intelligence/?action=showdeal&id=103213> Los Angeles $29.40 M 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 ------------------------------ *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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