*socaltech.com <http://socaltech.com> TechNews - Friday, July 22, 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 * - Whatnot Raises $260M More <#m_162660479031273449_0082724> - EV Mobility and Autonomy Partner On Tesla Deployment <#m_162660479031273449_0082726> - Talent Systems Acquired By RedBird Capital Partners <#m_162660479031273449_0082727> - Kajabi Names CMO and VP <#m_162660479031273449_0082723> - Snap Feels Headwinds, Misses Second Quarter Estimates <#m_162660479031273449_0082725> - Amazon Starts Using Rivian EVs On The Road <#m_162660479031273449_0082722> *Marketplace* - Stradling <#m_162660479031273449_ad608> - Stradling <#m_162660479031273449_ad608> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#m_162660479031273449_ad750> - Pacific Western Bank, Venture Banking Group <#m_162660479031273449_ad749> *Friday, July 22, 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 *Whatnot Raises $260M More* <https://www.socaltech.com/fullstory/0082724.html> Los Angeles-based Whatnot said late Thursday that it has raised $260M in a Series D funding round for its live shopping platform. The funding was co-led by DST Global and CapitalG. Other investors in the round included BOND, Andreessen Horowitz (a16z) and YC Continuity. According to the company, this new funding brings its valuation to $3.7 billion. (More... <https://www.socaltech.com/fullstory/0082724.html>) *EV Mobility and Autonomy Partner On Tesla Deployment* <https://www.socaltech.com/fullstory/0082726.html> Santa Monica-based Autonomy--the automotive subscription startup founded by auto- and tech-veterans Scott Painter and Georg Bauer--said this week that it is partnering with all-electric vehicle car-sharing platform EV Mobility. According to the companies, Autonomy will deploy Tesla Model 3's and Model Y's to EV Mobility's locations across California, Florida, Washington, and other sites by the end of the year. Financial details of the deal were not announced. (More... <https://www.socaltech.com/fullstory/0082726.html>) *Talent Systems Acquired By RedBird Capital Partners* <https://www.socaltech.com/fullstory/0082727.html> L (More... <https://www.socaltech.com/fullstory/0082727.html>) *Kajabi Names CMO and VP* <https://www.socaltech.com/fullstory/0082723.html> Irvine-based Kajabi which develops tools to help creators monetize their knowledge, said it has named two new executives. According to the company, it has appointed Brad Matthews as Chief Marketing Officer (CMO) and Tamara Grominsky as Vice President of Product and Lifecycle Marketing. Matthews was previously Vice President of Performance Marketing at Chegg, and also served at Monitor Group. (More... <https://www.socaltech.com/fullstory/0082723.html>) *Snap Feels Headwinds, Misses Second Quarter Estimates* <https://www.socaltech.com/fullstory/0082725.html> Venice, California-based Snap, the parent company of Snapchat, released its second quarter earnings on Thursday, reporting revenues of $1.11 billion--coming in well below previous guidance. The company had estimates 20 to 25 percent increase in revenues, but only reported a 13 percent growth. Snap said will be slowing its rate of hiring "substantially" as a result. (More... <https://www.socaltech.com/fullstory/0082725.html>) *Amazon Starts Using Rivian EVs On The Road* <https://www.socaltech.com/fullstory/0082722.html> Amazon said this morning that it has begun using electric vehicles (EVs) from Rivian across more than a dozen cities. Rivian has operations in Southern California, and in particular in Orange County. According to Amazon, it has started using Rivian's custom delivery vehicles in Baltimore, Chicago, Dallas, Kansas City, Nashville, Phoenix, San Diego, Seattle, and St. Louis. (More... <https://www.socaltech.com/fullstory/0082722.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. *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 <#m_162660479031273449_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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