*socaltech.com <http://socaltech.com> TechNews - Thursday, June 23, 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 * - Upfront's Valence Acquired By Greenwood <#0082629> - Venture Valley In College Partnership On Entrepreneurship Game <#0082627> - KinderSystems Merges With NoHo Software <#0082628> - VIZIO Connects Smart TVs With TikTok <#0082631> - Musk: Tesla Factories Are Gigantic Money Furnaces <#0082630> - Vamstar Connects With $9.5M <#0082625> *Marketplace* - 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> *Thursday, June 23, 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. *Upfront's Valence Acquired By Greenwood* <https://www.socaltech.com/fullstory/0082629.html> Los Angeles-based Valence, the Black professional networking site created by Upfront's Kobie Fuller, has been acquired by Atlanta-based Greenwood, Greenwood announced on Wednesday. Financial details of the acquisition were not announced. Greenwood operates a digital banking platform for Black and Latino individuals. (More... <https://www.socaltech.com/fullstory/0082629.html>) *Venture Valley In College Partnership On Entrepreneurship Game* <https://www.socaltech.com/fullstory/0082627.html> Los Angeles-based Venture Valley, the developer of a multiplayer video game where players take on the role of an entrepreneur against others, says it has partnered with the Collegiate Entrepreneurs' Organization, to promote its business strategy game. According to Venture Valley, the two will collaborate on such things as online tournaments, highlighted appearances at conferences, and marketing activities. Financial details of the deal were not announced. (More... <https://www.socaltech.com/fullstory/0082627.html>) *KinderSystems Merges With NoHo Software* <https://www.socaltech.com/fullstory/0082628.html> Escondido-based software developer KinderSystems, which develops software-as-a-service for child care providers and Head Start programs and agencies, says it has merged with NoHo Software. Financial details of the merger were not announced. KinderSystems was known, until last month, as Controltec, Inc. Noho Software was founded in 1995. The newly merged company says it provides subsidized child care software in California to over 245 child care agencies. (More... <https://www.socaltech.com/fullstory/0082628.html>) *VIZIO Connects Smart TVs With TikTok* <https://www.socaltech.com/fullstory/0082631.html> I (More... <https://www.socaltech.com/fullstory/0082631.html>) *Musk: Tesla Factories Are Gigantic Money Furnaces* <https://www.socaltech.com/fullstory/0082630.html> Elon Musk, the tech billionaire behind many companies, including LA's SpaceX, called Tesla's factories in Berlin and Austin "gigantic money furnaces", saying in an interview released on Wednesday that Tesla's car factories are losing billions of dolars due to supply chain disruptions and issues with battery manufacturing. The revelation comes as week after Musk warned that his competitors Lucid and Rivian are on track for bankruptcy. ( More... <https://www.socaltech.com/fullstory/0082630.html>) *Vamstar Connects With $9.5M* <https://www.socaltech.com/fullstory/0082625.html> Los Angeles- and London-based Vamstar, a startup developing artificial intelligence (AI) software for matching medical supplies and pharmaceuticals to buyers, has raised $9.5M in a Series A funding, the company said today. The funding was led by Alpha Intelligence Capital and Dutch Founders Fund, and also included BTOV Partners and Antler. The company is led by co-founder and CEO Praful Mehta. (More... <https://www.socaltech.com/fullstory/0082625.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 *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 *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>* 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. All rights reserved. socalTECH.com - Dedicated to High Tech in Southern California http://www.socaltech.com/ SOCALTECH LLC 4607 Lakeview Canyon Road, Suite 290, Westlake Village, CA 91361
_______________________________________________ Socaltech mailing list [email protected] http://listserv.socaltech.com/mailman/listinfo/socaltech
