*socaltech.com <http://socaltech.com> TechNews - Tuesday, July 19, 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 * - Procore Rolls Out Workforce Planning Tool <#0082712> - Persephone Biosciences Snags $15M Seed <#0082711> - TikTok Cuts Staff <#0082710> - FairPlay Gets $10M <#0082708> - fibr Launches Community For Fitness Industry <#0082709> - Onramp Invest Finds $7M <#0082707> *Marketplace* - Stradling <#ad608> - Accelerating Growth For Early Stage Innovation. <#ad764> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> *Tuesday, July 19, 2022* *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]. *Procore Rolls Out Workforce Planning Tool* <https://www.socaltech.com/fullstory/0082712.html> Carpinteria-based *Procore <https://www.procore.com>* announced this morning that it has launched a new product, *Procore Workforce Management*, which provides tools for both workforce planning and field productivity management. The company said the new offering provides a comprehensive construction workforce management solution, allowing contractors visibility into their workforce to accurately forecast and manage human resources. Pricing on the new tool was not released.(More... <https://www.socaltech.com/fullstory/0082712.html>) *Persephone Biosciences Snags $15M Seed* <https://www.socaltech.com/fullstory/0082711.html> San Diego-based synthetic biology startup Persephone Biosciences announced today that it has raised $15M in a seed financing round. The funding was co-led by First Bight Ventures and Propel Bio Partners, and also included Y Combinator, Fifty Years, Susa Ventures, American Cancer Society’s BrightEdge Fund, Pioneer Fund, and ZhenFund, among others. The company said it is developing microbiome-based medicines. The company is led by CEO and co-founder Stephanie Culler. (More... <https://www.socaltech.com/fullstory/0082711.html>) *TikTok Cuts Staff* <https://www.socaltech.com/fullstory/0082710.html> Video sharing app developer TikTok--which has an office in Los Angeles--is apparently in the midst of a company-wide restructuring, according to reports. It's unclear how many people in Los Angeles are affected by the move. TikTok opened up a 120,000 square foot office in Culver City in January of 2020. (More... <https://www.socaltech.com/fullstory/0082710.html> ) *FairPlay Gets $10M* <https://www.socaltech.com/fullstory/0082708.html> Los Angeles-based FairPlay, a developer of artificial intelligence software aimed at reducing "algorithmic bias" in lending for people of color, women and other historically disadvantaged groups, announced this morning that it has raised $10M in its Series A funding. The funding was led by Nyca Partners, and also included Cross River Digital Ventures, Third Prime, Fin Capital, TTV, Nevcaut Ventures, Financial Venture Studio and Jonathan Weiner. Kareem Saleh is the Founder and CEO of FairPlay. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showco&id=64195>)( More... <https://www.socaltech.com/fullstory/0082708.html>) *fibr Launches Community For Fitness Industry* <https://www.socaltech.com/fullstory/0082709.html> Los Angeles-based *Fibr <https://fibr.fit>*, a new startup, says it has launched a new platform aimed at connecting health and fitness professionals, educational organizations, brands and employers. The company said its community is aimed at creating a "database of professionals, enthusiasts and employers together in one shared space". The startup is led by Neal Spruce.(More... <https://www.socaltech.com/fullstory/0082709.html>) *Onramp Invest Finds $7M* <https://www.socaltech.com/fullstory/0082707.html> San Diego-based startup *Onramp Invest <https://www.onrampinvest.com>* has raised $7M in a Series A funding. The funding was led by JAM FINTOP and EJF Capital LLC, via EJF Silvergate Ventures Fund. The company said it provides financial professionals with crypto investment services for their clients. Onramp Invest is led by CEO Eric Ervin.(More... <https://www.socaltech.com/fullstory/0082707.html>) *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. *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 *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 *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]. ------------------------------ *Recent Funding <#funding>* 7/19/22 FairPlay <https://www.socaltech.com/intelligence/?action=showdeal&id=103225> Los Angeles $10.00 M 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 ------------------------------ *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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