*socaltech.com <http://socaltech.com> TechNews - Friday, July 29, 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 * - DeciBio Ventures Backs Replay In $55M Funding <#0082750> - Whatnot Links With Post Malone On $100K Match <#0082749> - LogicMonitor Names CIO <#0082748> - VyTrac Adds Strategic Advisor <#0082747> - Kofax Now Owned By Clearlake, TA <#0082751> - Rivian Cuts 6 Percent Of Workforce <#0082746> - Bobacino In R&D Partnership <#0082743> - Rocket Lab Wins Solar Power Deal For Space Force <#0082745> *Marketplace* - Network Thinking Solutions - DevOps and Managed Services <#ad774> - Pacific Western Bank, Venture Banking Group <#ad749> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> *Friday, July 29, 2022* *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]. *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 *DeciBio Ventures Backs Replay In $55M Funding* <https://www.socaltech.com/fullstory/0082750.html> Los Angeles-based venture investor DeciBio Ventures ays it has made an investment in genomic medicine technology company Replay. According to the company, Replay raised $55M in a seed funding round, which was led by KKR & Co. Inc. and OMX Ventures, and also included ARTIS Ventures, Lansdowne Partners, SALT, and Axial. DeciBio Ventures did not say how much it contributed to the funding. Replay is based in San Diego and London. DeciBio Ventures says it invests in precision medicine startups. (More... <https://www.socaltech.com/fullstory/0082750.html>) *Whatnot Links With Post Malone On $100K Match* <https://www.socaltech.com/fullstory/0082749.html> Los Angeles-based live shopping service Whatnot--which is backed by DST Global, CapitalG, BOND, Andreessen Horowitz, and YC Continuity--said this week that it has linked up with Post Malone, on an opportunity to win $100k in a one-on-one battle with the recording artist. According to Whatnot, the opportunity gives fans an opportunity to play Magic: The Gathering against Post Malone, to be streamed live on its app on August 11th. (More... <https://www.socaltech.com/fullstory/0082749.html>) *LogicMonitor Names CIO* <https://www.socaltech.com/fullstory/0082748.html> Santa Barbara-based *LogicMonitor <https://www.logicmonitor.com>*, a developer of software-as-a-service for managed service providers, says it named *Ryan Worobel* as the company's new Chief Information Officer (CIO). Worobel was most recently Executive Vice President and CIO at Incora, and also served at Maersk Line, Zuora, Dell and Salesforce.(More... <https://www.socaltech.com/fullstory/0082748.html>) *VyTrac Adds Strategic Advisor* <https://www.socaltech.com/fullstory/0082747.html> Los Angeles-based *VyTrac Health <https://vytrac.com>*, a developer of remote patient monitoring tools, said this week that it has named Dr. Venktesh Ramnath, MD as a strategic advisor to the company. Dr. Ramnath is an Intensive Care Unit Pulmonologist at UC San Diego Health. VyTrac is led by co-founder and CEO Zachary Fink.(More... <https://www.socaltech.com/fullstory/0082747.html>) *Kofax Now Owned By Clearlake, TA* <https://www.socaltech.com/fullstory/0082751.html> Irvine-based document automation software developer Kofax is now owned by private equity investors Clearlake Capital and TA Associates, the companie said this week, after a sale of Kofax by prior owner Thoma Bravo. Financial details of the deal were not announced. Thoma Bravo has owned Kofax for the last five years. The deal was financed by J.P. Morgan, along with Credit Suisse, UBS, Jefferies LLC, Blackstone, PSP Partners, Security Benefit, and Brinley. (More... <https://www.socaltech.com/fullstory/0082751.html>) *Rivian Cuts 6 Percent Of Workforce* <https://www.socaltech.com/fullstory/0082746.html> Electric vehicle maker Rivian has cut six percent of its workforce, according to a report from the WSJ on Wednesday, citing inflation and a rapidly changing economy. The company had 14,000 workers, including a significant number in Orange County, before the layoffs. The WSJ cited an email from Rivian CEO RJ Scaringe, which pointed at "inflation reaching record highs, interest rates rapidly rising and commodity prices continuing to climb" as reasons for the layoffs. (More... <https://www.socaltech.com/fullstory/0082746.html>) *Bobacino In R&D Partnership* <https://www.socaltech.com/fullstory/0082743.html> El Segundo-based Bobacino, one of the crowdfunded, robotic companies backed by Wavemaker Labs, says it has inked a R&D partnership with Boba chain Boba Guys. Financial details of the partnership were not announced. According to Bobacino, Boba Guys will act as "strategic advisors" to Bobacino. Bobacino is led by CEO Darian Ahler. Bobacino is one of multiple, robotics-related and crowdfunded companies backed by Wavemaker Partners, Wavemaker Labs--its venture studio--and Embark Ventures. (More... <https://www.socaltech.com/fullstory/0082743.html>) *Rocket Lab Wins Solar Power Deal For Space Force* <https://www.socaltech.com/fullstory/0082745.html> Long Beach-based Rocket Lab USA said late Wednesday that the company has been seleted by the United States Space Force, to provide solar cell assemblies for three, Lockheed Marting spacecraft. Financial details of the win were not announced. According to Rocket Lab, its high-efficiency, radiation-hardened Coverglass Interconnected solar Cell (CIC) assemblies will power the three Lockheed Martin Next Gen OPIR GEO (NGG) satellites for the United States Space Force (USSF). (More... <https://www.socaltech.com/fullstory/0082745.html>) *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/ *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]. *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 ------------------------------ *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 Subject <https://www.socaltech.com/intelligence/?action=showdeal&id=103213> Los Angeles $29.40 M 3/23/22 Gamefam <https://www.socaltech.com/intelligence/?action=showdeal&id=103212> Los Angeles $25.00 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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