*socaltech.com <http://socaltech.com> TechNews - Friday, July 8, 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 * - Snap Picks Up Head Of U.S. Secret Service <#0082677> - Pique Action Takes $1M For Climate Media <#0082675> - SpaceX Launches Pricey Maritime Internet Service <#0082678> - Report: Emotive Chops 18 Percent Of Staff <#0082679> - Resecurity Expands In Silicon Beach <#0082676> - Virgin Galactic Plans As Many As 400 Launches A Year <#0082674> - Birch Creek Development Gets $250M Loan For Renewable Energy <#0082672> - A Look At FaZe Clan's Plans To Go Public <#0082671> *Marketplace* - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Pacific Western Bank, Venture Banking Group <#ad749> - Stradling <#ad608> *Friday, July 8, 2022* *Snap Picks Up Head Of U.S. Secret Service* <https://www.socaltech.com/fullstory/0082677.html> Venice, California-based Snap, the parent company of Snapchat, is hiring on the former head of the U.S. Secret Service. U.S. Secret Service Director James Murray is stepping down from his position, according to an announcement from the White House. Murray becomes Chief Security Officer at Snap Inc. at the beginning of August, according to reports, with Murray directly reporting to Snap CEO and co-founder Evan Spiegel. (More... <https://www.socaltech.com/fullstory/0082677.html>) *Pique Action Takes $1M For Climate Media* <https://www.socaltech.com/fullstory/0082675.html> Los Angeles-based Pique Action said today that it has raised $1M in a pre-seed fundraising round, to product and distribute content focused on climate solutions. The funding was led by Amasia, and also icnluded Baruch Future Ventures and Fairbridge Park. According to the company, it is producing short-form videos to drive consumer behavior towards climate action. The company said it wants to provide content which is "the opposite of doomscrolling", with "positive viral content" on social media. (More... <https://www.socaltech.com/fullstory/0082675.html>) *SpaceX Launches Pricey Maritime Internet Service* <https://www.socaltech.com/fullstory/0082678.html> Hawthorne-based SpaceX has launched a new, roving Internet service specifically for the maritime market--albeit, at a steep price--following its approval to offer up its service on moving vehicles by the FCC. The new Starlink Maritime service costs $5000 a month, plus $10,000 in hardware costs for high speed Internet. The service looks to be similar to the SpaceX RV offering, just at a much higher price--likely tailored to the maritime market's higher budgets. (More... <https://www.socaltech.com/fullstory/0082678.html>) *Report: Emotive Chops 18 Percent Of Staff* <https://www.socaltech.com/fullstory/0082679.html> Los Angeles-based *Emotive*, a developer of conversational text messaging software, has reportedly laid off <https://dot.la/emotive-layoffs-2657628462.html> around 18 percent of the company's staff. Emotive is venture backed by CRV, Mucker Capital, TenOneTen Ventures, Stripes and Vulcan Capital. The company is led by CEO Brian Zatulove.(More... <https://www.socaltech.com/fullstory/0082679.html>) *Resecurity Expands In Silicon Beach* <https://www.socaltech.com/fullstory/0082676.html> Los Angeles-based managed cybersecurity firm Resecurity, which says it is focused on data-driven and AI-powered threat detection, says it is expanding in "Silicon Beach", adding a new office in the area. The company did not say specifically where that new office is, but cited nearby companies Bird, Fair, SpaceX, Google, Facebook, and RAND Corporation. The company said its new office will accelerate product marketing, sales engineering and operations. Gene Yoo is CEO of Resecurity. (More... <https://www.socaltech.com/fullstory/0082676.html>) *Virgin Galactic Plans As Many As 400 Launches A Year* <https://www.socaltech.com/fullstory/0082674.html> Tustin-based space tourism company Virgin Galactic said on Wednesday that it has contracted with Aurora Flight Sciences, to build two new vehicles capable of sending people to space as many as 200 times each in a year. According to Virgin Galactic, Aurora will partner in the design and manufacturing of "next generation motherships", which will carry its spaceships to an altitude of approximately 50,000 feet before launch. Financial details of the deal between the two companies was not announced. ( More... <https://www.socaltech.com/fullstory/0082674.html>) *Birch Creek Development Gets $250M Loan For Renewable Energy* <https://www.socaltech.com/fullstory/0082672.html> Los Angeles-based Birch Creek Development LLC said this week that it has raised $250M in a credit facility from Fundamental Renewables, to go towards utility scale solar projects. The company said the debt financing will fund development and construction of utility scale solar projects, plus strategic acquisitions in key markets. Birch Creek that so far, it has financed over 700 megawatts (MW) of projects, with 5+ gigawatts of utility scale solar in the pipeline. (More... <https://www.socaltech.com/fullstory/0082672.html>) *A Look At FaZe Clan's Plans To Go Public* <https://www.socaltech.com/fullstory/0082671.html> Los Angeles-based *FaZe Clan <https://www.fazeclan.com>*, the e-sports and lifestyle brand, is planning to go public. Wired takes a look at the company's plan to go public via a special purpose acquisition company (SPAC), saying that the only problem is a recession may derail its business trajectory. <https://www.wired.com/story/faze-clan-going-public/>. The company is hoping to list on the NASDAQ as FAZE.(More... <https://www.socaltech.com/fullstory/0082671.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]. *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 *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]. *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. ------------------------------ *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). 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