*socaltech.com <http://socaltech.com> TechNews - Friday, June 17, 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 * - SpaceX Fires Employees Who Critized Elon Musk In Open Letter <#0082612> - HONK Plans Integration With Towbook <#0082613> - OpenX Names New VP <#0082615> - University Lab Partners Launches Pitch Contest <#0082614> - Musk Sued Over Dogecoin <#0082616> - Metropolis Technologies Raises $167M For AI Driven Parking Systems <#0082607> *Marketplace* - Recurring Revenue Conference - June 23, 2022 <#ad791> - 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> *Friday, June 17, 2022* *Apply For KPMG's 2nd Annual Global Tech Innovator Competition <https://www.meridianwest.eu.com/jfe/form/SV_bdbdMpeNgxOQUqa>* KPMG's 2nd Annual Global Tech Innovator Competition Requirements to participate: US based tech or a tech-enabled business that has been actively operating for 5 years or less (in current form) Revenue generating between $1-15M; or have raised at least $500k in equity Available to virtually pitch at a regional and national final event (if selected) Available to pitch at the global final at Web Summit in Lisbon, Portugal in November 2022 (if selected) There is no cost! We recognize that innovative technology companies in the U.S. are introducing tech breakthroughs that are transforming businesses and disrupting entire industries. It’s why we’re so excited to be introducing the second annual KPMG Private Enterprise Tech Innovator competition in the U.S. to recognize the fastest‑growing tech innovators across the country. If you know a business that has what it takes to be the next KPMG Private Enterprise Tech Innovator in the U.S.—encourage them to submit an application now. *SpaceX Fires Employees Who Critized Elon Musk In Open Letter* <https://www.socaltech.com/fullstory/0082612.html> Hawthorne-based SpaceX has fired a number of employees involved in putting out an open letter on Wednesday criticizing Musk's behavior and tweeting. According to the New York Times, a number of employees who signed the letter were fired. In an email quoted by the New York Times, Gwynne Shotwell said the letter made other employees "feel uncomfortable, intimidated and bullied. (More... <https://www.socaltech.com/fullstory/0082612.html>) *HONK Plans Integration With Towbook* <https://www.socaltech.com/fullstory/0082613.html> Los Angeles-based roadside assistance and vehicle transportation app provider HONK announced today that it is exploring integrating its app with Towbook, a provider of cloud-based towing dispatch, impounds, and reporting. The company said it has begun testing the integration with partners, which enables them to receive, accept and manage HONK towing and roadside assistance jobs from within their Towbook system and get paid after job completion. (More... <https://www.socaltech.com/fullstory/0082613.html>) *OpenX Names New VP* <https://www.socaltech.com/fullstory/0082615.html> Pasadena-based *OpenX Technologies <https://www.openx.com>* said this week that it has named Geoff Wolinetz as its new Senior Vice President of Demand Platforms. The company said Wolinetz was most recently at Chalice, and also served at Comcast Corp's FreeWheel and sixteen years at Turner Broadcasting. The company said Wolinetz will focus on relationships with demand-side platforms (DSPs).(More... <https://www.socaltech.com/fullstory/0082615.html>) *University Lab Partners Launches Pitch Contest* <https://www.socaltech.com/fullstory/0082614.html> Irvine-based University Lab Partners, nonprofit, wet lab incubator located in UCI Research Park, says it is launching a pitch competition for life sciences startups. According to the group, it will offer up priority admission to the incubator and lab space worth $29,400 to winners of the pitch competition. The group says the competition is aimed at companies in the areas of drug discovery, medical devices, pharmaceuticals, diagnostics, and therapeutics offering innovative products and services. (More... <https://www.socaltech.com/fullstory/0082614.html>) *Musk Sued Over Dogecoin* <https://www.socaltech.com/fullstory/0082616.html> An investor in Dogecoin cryptocurrency has sued Elon Musk for $258 billion, saying that Musk was behind a "pyramid scheme" to support the cryptocurrency. Dogecoin is a cryptocurrency which started out as a joke but became emblematic of the popularity of cryptocurrency as its value grew due to its popularity. (More... <https://www.socaltech.com/fullstory/0082616.html>) *Metropolis Technologies Raises $167M For AI Driven Parking Systems* <https://www.socaltech.com/fullstory/0082607.html> Los Angeles-based Metropolis Technologies, a startup that develops computer vision and machine learning driven systems for allowing people to drive in and out of parking facilities, without having to swipe a credit card or phone, has raised $167M in a Series B funding roudn. The funding was led by 3L Capital and Assembly Ventures, and also included Dragoneer Investment Group, Eldridge, Silver Lake Waterman, and UP Partners, along with others. ( More... <https://www.socaltech.com/fullstory/0082607.html>) *Recurring Revenue Conference - June 23, 2022 <https://bit.ly/3LLZhhG>* Recurring Revenue Conference Scaling SaaS & Subscription Businesses June 23, 2022 Culver City or virtually Join 500+ entrepreneurs, executives, and investors June 23 at the Culver City Hilton. Whether you are a SaaS or subscription business, or if customer retention is critical for your success, this is the premier Southern California event to learn from the tech pioneers. Hear from experts who are successfully growing their industry leading companies, as well as from the investors backing them. Can’t make the in-person event? Join us virtually. Enter the Promo Code below to save 10% on your ticket! Register at https://bit.ly/3LLZhhG Promo Code: SoCalTech10 Enter Promo Code before registration details *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 $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]. *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>* 6/16/22 Metropolis Technologies, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=103223> Venice $167.00 M 6/14/22 Overair <https://www.socaltech.com/intelligence/?action=showdeal&id=103222> Santa Ana $145.00 M 5/11/22 PrismPop <https://www.socaltech.com/intelligence/?action=showdeal&id=103221> Pasadena $5.00 M 5/09/22 AskGene <https://www.socaltech.com/intelligence/?action=showdeal&id=103220> Camarillo $20.00 M 5/02/22 LinearB <https://www.socaltech.com/intelligence/?action=showdeal&id=103219> Santa Monica $50.00 M 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 Menlo Microsystems, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=103211> Irvine $150.00 M 3/10/22 Slingshot Aerospace <https://www.socaltech.com/intelligence/?action=showdeal&id=103210> El Segundo $25.00 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 ------------------------------ *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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