*socaltech.com <http://socaltech.com> TechNews - Tuesday, July 26, 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 * - Upfront Ventures Raises $650M In New Investment Funds <#0082737> - Faraday Future Running Short Of Cash, Pushes Back FF91 Launch <#0082736> - Kitchen United Raises $100M In Series C <#0082734> - Cordial Connects With $50M More <#0082733> - Viasat Inks Deal With ESA <#0082735> - Fifth Wall Raises $500M For Climate Fund <#0082732> *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> - Network Thinking Solutions - DevOps and Managed Services <#ad774> *Tuesday, July 26, 2022* *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. *Upfront Ventures Raises $650M In New Investment Funds* <https://www.socaltech.com/fullstory/0082737.html> Los Angeles-based venture capital investment firm Upfront Ventures, one of the region's most active venture capital investors, announced that it has raised $650M across three venture capital funds, which it says will allow the firm to continue making investments for "many years ahead. (More... <https://www.socaltech.com/fullstory/0082737.html>) *Faraday Future Running Short Of Cash, Pushes Back FF91 Launch* <https://www.socaltech.com/fullstory/0082736.html> Los Angeles-based electric car developer Faraday Future says that it is delaying the launch of its first vehicle, the FF91, and is warning that it is running short on cash, even as the company navigates its new status as a public company. According to the company, it has delayed its deliveries to the third or fourth quarter of the year--and needs $325M in order to continue funding its operations until the end of the year. (More... <https://www.socaltech.com/fullstory/0082736.html>) *Kitchen United Raises $100M In Series C* <https://www.socaltech.com/fullstory/0082734.html> Pasadena-based Kitchen United, which develops technology and operates "ghost restaurants" which exists only on food ordering apps, has raised $100M in a Series C fundraising. The funding came from Alimentation Couche-Tard / Circle K, The Kroger Co., Restaurant Brands International, B. (More... <https://www.socaltech.com/fullstory/0082734.html>) *Cordial Connects With $50M More* <https://www.socaltech.com/fullstory/0082733.html> San Diego-based *Cordial <https://www.cordial.com>*, a developer of cross channel marketing and data management software for brands, said today that it has raised $50M in a Series C funding round. The funding was led by NewSpring ,and als oincluded ABS Capital. Cordial also is backed by High Alpha and Upfront Ventures. The company says it has now raised $85M in total. Cordial is led by CEO and co-founder Jeremy Swift.(More... <https://www.socaltech.com/fullstory/0082733.html>) *Viasat Inks Deal With ESA* <https://www.socaltech.com/fullstory/0082735.html> Carlsbad-based Viasat announced this morning that it has inked a deal with the European Space Agency (ESA). According to Viasat, it will conduct a multi-layered Satellite Communication (SATCOM) study involving Geostationary Equatorial Orbit (GEO), Medium Earth Orbit (MEO), Low Earth Orbit (LEO), High Altitude Platform Systems (HAPS) and others, as well as include various frequency bands, satellite operators and network designs. Financial details of the deal were not announced. (More... <https://www.socaltech.com/fullstory/0082735.html>) *Fifth Wall Raises $500M For Climate Fund* <https://www.socaltech.com/fullstory/0082732.html> Los Angeles-based real estate technology venture investor Fifth Wall has raised $500M in a new, climate fund, aimed at decarbonizing the global real estate market. The company said last week that the Climate Fund's LPs include BBVA, British Land, Camden Property Trust, CBRE, Cosan, The Durst Organization, Equity Residential, Hilton, Host Hotels & Resorts, Hudson Pacific Properties, Invitation Homes, Ivanhoe Cambridge, Kimco Realty Corp. (More... <https://www.socaltech.com/fullstory/0082732.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]. *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>* 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. All rights reserved. socalTECH.com - Dedicated to High Tech in Southern California http://www.socaltech.com/ SOCALTECH LLC 4607 Lakeview Canyon Road, Suite 290, Westlake Village, CA 91361
_______________________________________________ Socaltech mailing list [email protected] http://listserv.socaltech.com/mailman/listinfo/socaltech
