*socaltech.com <http://socaltech.com> TechNews - Wednesday, August 3, 2022* Edited by Benjamin F. Kuo ISSN: 1524-6736 http://www.socaltech.com/News <https://www.socaltech.com/News> ------------------------------
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KPMG (http://home.kpmg/us/en/home/about/offices/los-angeles-1.html) Level up with KPMG ------------------------------ *Headlines * - GITAI Shows Off Robotic Arm For Space <#0082766> - Mindbody Names New CEO <#0082763> - Slingshot Aerospace Acquires Two Companies <#0082762> - Romeo Power Acquired By Nikola For $144M <#0082765> - Revnue Launches Contract Authoring Software <#0082764> - Gym Class Snags $8M <#0082761> *Marketplace* - Accelerating Growth For Early Stage Innovation. <#ad764> - Pacific Western Bank, Venture Banking Group <#ad749> - Stradling <#ad608> - Pixelgate.net - Internet Access, Web Hosting, Network Services <#ad188> *Wednesday, August 3, 2022* *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 *GITAI Shows Off Robotic Arm For Space* <https://www.socaltech.com/fullstory/0082766.html> Torrance-based GITAI USA, which develops space robots, says it has demonstrated a 10 meter, robotic arm designed for use in space. According to the company, its new GITAI S10 has successfully completed tests to meet NASA's level 3 "Technology Readiness Level" TRL. The company said it is looking to get the arm to underwater testing by March of 2023, which is NASA's TRL 6 (System/subsystem model or prototype demonstration in a relevant environment) qualification. (More... <https://www.socaltech.com/fullstory/0082766.html>) *Mindbody Names New CEO* <https://www.socaltech.com/fullstory/0082763.html> San Luis Obispo-based wellness software developer Mindbody has named a new CEO, saying on Tuesday it has appointed Fritz Lanman to the position. Lanman replaces current CEO Josh McCarter, who has moved to Mindbody's Board of Directors. Lanman, currently serving as President of ClassPass and Mindbody Marketplace, was CEO of ClassPass pre-acquisition, according to the company. He was the lead investor in ClassPass, in both its seed and Series A round, and also served at Microsoft. (More... <https://www.socaltech.com/fullstory/0082763.html>) *Slingshot Aerospace Acquires Two Companies* <https://www.socaltech.com/fullstory/0082762.html> Los Angeles- and Austin-based Slingshot Aerospace, which develops space simulation and tracking software, said this morning that it has acquired two companies---the Space Division of Numerica and Seradata. Financial details of the buy were not announced. (More... <https://www.socaltech.com/fullstory/0082762.html>) *Romeo Power Acquired By Nikola For $144M* <https://www.socaltech.com/fullstory/0082765.html> Los Angeles-based battery systems developer Romeo Power has been acquired by electric heavy truck maker Nikola, in a deal worth $144M, the two companies said on Monday. Nikola will pay 74 cent per share for Romeo Power. As part of the deal, Nikola is providing $35M in interim funding to Romeo Power so it can continue its operations until the acquisition closes. (More... <https://www.socaltech.com/fullstory/0082765.html>) *Revnue Launches Contract Authoring Software* <https://www.socaltech.com/fullstory/0082764.html> Los Angeles-based Revnue Corp. said today that it has launched a new feature for contract authoring and negotiation. According to the company, its new "Pre-Signature" feature helps its customers author contracts, and move towards "efficient and standardized contract templates and frameworks", according to the company. The startup says it uses AI software for it digital contract management software, and that it was founded by veterans from Microsoft, Warner Bros., and VMware. (More... <https://www.socaltech.com/fullstory/0082764.html>) *Gym Class Snags $8M* <https://www.socaltech.com/fullstory/0082761.html> Los Angeles-based *Gym Class <https://www.gymglass.com>*, a startup developing virtual reality basketball apps, says it has raised $8M in a seed funding round. The round was led by Andreessen Horowitz (a16z), and also included Y Combinator. The company says it is developing a VR basketball app on meta Quest App Lab, and will launch in Fall of 2022. Gym Class was founded by Matthew Harris, CEO, Justin Hubert, Chief Creative Officer, and Paul Katsen, Chief Product Office in 2019.(More... <https://www.socaltech.com/fullstory/0082761.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 *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]. *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. *Pixelgate.net - Internet Access, Web Hosting, Network Services <http://www.pixelgate.net>* We put the "Service" back into Internet Service Provider. http://www.pixelgate.net ------------------------------ *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). 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