*socaltech.com <http://socaltech.com> TechNews - Wednesday, July 6, 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 * - Infinite Reality Completes $470M Acquisition of ReKTGlobal <#0082668> - CareConnectMD Gets $25M <#0082667> - Finli Finds $6M <#0082665> - Eurofins Discovery Acquires DiscoveryBioMed <#0082666> - Rocket Lab Set For Two New Missions For NRO <#0082669> - Virgin Orbit Completes Launch <#0082664> *Marketplace* - Pacific Western Bank, Venture Banking Group <#ad749> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Apply For KPMG's 2nd Annual Global Tech Innovator Competition <#ad793> - Network Thinking Solutions - DevOps and Managed Services <#ad774> *Wednesday, July 6, 2022* *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 *Infinite Reality Completes $470M Acquisition of ReKTGlobal* <https://www.socaltech.com/fullstory/0082668.html> Los Angeles-based Infinite Reality said on Tuesday that has completed its $470M acquisition of esports and entertainment company ReKTGlobal. The company said the merged company has a post-close valuation of $2.47 billion. Infinite Reality said it will incorporate ReKTGlobal's entertainment and esports business into its social, gaming, virtual and remote production, NFT minting, UGLC, and Metaverse creation efforts. ( More... <https://www.socaltech.com/fullstory/0082668.html>) *CareConnectMD Gets $25M* <https://www.socaltech.com/fullstory/0082667.html> Costa Mesa-based CareConnect, which provides primary care and care coordination services for Medicare participants, says it has raised $25M in a financing round. The funding was led by TT Capital Partners (TTCP). The company said the new funds will go towards its services in California, Ohio, and Texas, as well as expansion into other markets. (More... <https://www.socaltech.com/fullstory/0082667.html>) *Finli Finds $6M* <https://www.socaltech.com/fullstory/0082665.html> Los Angeles-based Finli, a startup that provides a payment management platform for small businesses, says it has raised $6M in a seed funding. The funding was led by Urban Innovation Fund, and also included Motley Fool Ventures, M13, and Alumni Ventures. According to Finli, the new funding will go to expand its team and business banking cpabilities. The company's platform helps businesses manage invoicing and payments communications. The company is led by CEO Lori Shao. (More... <https://www.socaltech.com/fullstory/0082665.html>) *Eurofins Discovery Acquires DiscoveryBioMed* <https://www.socaltech.com/fullstory/0082666.html> San Diego-based Eurofins Discovery, a provider of in vitro safety and pharmacology assays and panels for drug screening and profiling, says it has acquired DiscoveryBioMed, a contract research organization (CRO). Eurofins Discovery said DiscoveryBioMed is developing novel human bioassays utilizing cells from diseased and normal human tissues. Financial details of the deal were not announced. DiscoveryBioMed was headquartered in Birmingham, Alabama. (More... <https://www.socaltech.com/fullstory/0082666.html>) *Rocket Lab Set For Two New Missions For NRO* <https://www.socaltech.com/fullstory/0082669.html> Long Beach-based Rocket Lab says it will be launching two more space missions from the US National Reconnaissance Office (NRO). According to the company, it plans to deploy satellites fro the NRO this month, with the launch of NROL-162 (“Wise One Looks Ahead”) lauching no earlier than July 12, and NROL-199 (“Antipodean Adventure”) scheduled to launch no earlier than July 22. (More... <https://www.socaltech.com/fullstory/0082669.html>) *Virgin Orbit Completes Launch* <https://www.socaltech.com/fullstory/0082664.html> Mojave-based Virgin Orbit said it successfully completed a satellite launch over the weekend, launching seven satellites into orbit for the United States Space Force (USSF). According to the company, the launch brings its total number of satellites delivered to space to thirty-three. The company launched the satellites into space at 12:55 a.m. Pacific on July 2nd. ( More... <https://www.socaltech.com/fullstory/0082664.html>) *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 *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. *Network Thinking Solutions - DevOps and Managed Services <http://www.networkthinking.com>* Network Thinking Solutions provides DevOps and Managed Services for Los Angeles, Ventura and Santa Barbara counties. NTS helps development teams implement, manage and monitor CI/CD, Load Balancing, Docker and Auto Scaling technologies. NTS also provides Desktop Managed Services for your business team which includes Antivirus, Threat Protection, Ransomware Detection and Zero Trust Policies. Please reach us at [email protected] to start a conversation or visit our website https://networkthinking.com/devops/ ------------------------------ *Recent Funding <#funding>* 6/30/22 Regard <https://www.socaltech.com/intelligence/?action=showdeal&id=103224> Los Angeles $15.30 M 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 ------------------------------ *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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