*socaltech.com <http://socaltech.com> TechNews - Wednesday, July 13, 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 * - Merlin Labs, With Offices IN LA, Gets $105M <#0082693> - Rivian Plans Hundreds Of Layoffs <#0082692> - TrueCar Expands Vehicle Delivery Nationwide <#0082689> - Plexium Names New Board Member <#0082691> - Viasat Prepares To Launch New Satellite <#0082690> *Marketplace* - Accelerating Growth For Early Stage Innovation. <#ad764> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - Stradling <#ad608> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Pacific Western Bank, Venture Banking Group <#ad749> *Wednesday, July 13, 2022* *Merlin Labs, With Offices IN LA, Gets $105M* <https://www.socaltech.com/fullstory/0082693.html> Merlin Labs, a startup developing fully autonomous piloting systems which can be retrofitted into existing airplanes, has raised $105M in a Series B funding, the company said today. The company has offices in Los Angeles. The company said the $105M round was co-led by Snowpoint and Baillie Gifford, and also included GV (formerly Google Ventures). The company says its has now raised $130M in total. It's unclear how many people the company has in Los Angeles; Merlin Labs is based in Boston. (More... <https://www.socaltech.com/fullstory/0082693.html>) *Rivian Plans Hundreds Of Layoffs* <https://www.socaltech.com/fullstory/0082692.html> Electric auto maker *Rivian <https://www.rivian.com>* is planning hundreds of layoffs <https://www.latimes.com/business/story/2022-07-11/rivian-plans-hundreds-of-layoffs-following-a-staffing-surge>, according to reports, which say that Rivian has "grown too quickly". Rivian has substantial operations in Southern California, including a substantial number of employees in Orange County.(More... <https://www.socaltech.com/fullstory/0082692.html>) *TrueCar Expands Vehicle Delivery Nationwide* <https://www.socaltech.com/fullstory/0082689.html> Santa Monica-based online car selling marketplace TrueCar said today that it has expanded its home delivery program for used vehicles. According to the company, it will offer up the home delivery for dealers in a nationwide expansion, via a partnership with automotive logistics company ACERTUS. The company said the expansion of delivery services comes after a successful pilot in Texas and Florida. (More... <https://www.socaltech.com/fullstory/0082689.html>) *Plexium Names New Board Member* <https://www.socaltech.com/fullstory/0082691.html> San Diego-based targeted protein degradation company Plexium said today that it has named a new member to its board of directors. The company said it appointed Brian Wong, the President and CEO of RAPT Therapeutics, to its board. Wong also previously served as Senior Vice President, Research, and Head of Immuno-Oncology at Five Prime Therapeutics and as Director in the Inflammation Disease Biology Area at Roche. (More... <https://www.socaltech.com/fullstory/0082691.html>) *Viasat Prepares To Launch New Satellite* <https://www.socaltech.com/fullstory/0082690.html> Carlsbad-based satellite communications provider *Viasat <https://www.viasat.com>* said it has delivered a second, ViaSat-3 payload to Boeing in El Segundo, in preparation for a launch, which it says will provide broadband service over Europe, the Middle East and Africa (EMEA) in 2023. Viasat said its new satellite is expected to provide greater than 1 terabit a second (1,000 gigabits a second) communications, which is three times faster than ViaSat-2.(More... <https://www.socaltech.com/fullstory/0082690.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]. *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. *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]. ------------------------------ *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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