*socaltech.com <http://socaltech.com> TechNews - Friday, August 5, 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 * - Momentum oT ILaunches Product To Track Tool Usage - <#0082775> - Momentum IoT Launches Product To Track Tool Usage - <#0082774> - The Roddenberry Foundation Launches $1.5 Million Prize <#0082773> - L'Attitude Ventures Raises $100M Fund <#0082772> - Everytable Takes $55M In Series C <#0082771> - Amgen Buys Chemocentryx For $4 Billion In Cash <#0082770> - Venture MLS Invests In SavvyCard <#0082768> - The Bounty App Picks Up $5M <#0082767> - Based Takes $3.5M For NFT Effort <#0082769> - GITAI Shows Off Robotic Arm For Space <#0082766> *Marketplace* - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Accelerating Growth For Early Stage Innovation. <#ad764> - Pacific Western Bank, Venture Banking Group <#ad749> *Friday, August 5, 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. *Momentum oT ILaunches Product To Track Tool Usage -* <https://www.socaltech.com/fullstory/0082775.html> Long Beach-based Momentum IoT launched a new product on Friday, which it says can be used to track the usage of tools on job sites. According to the company, its Internet-of-Things product is like "Fitbit for Tools". The company said its Toolie tracking product lets customers track everything from a ladder to a chainsaw or welder, and connects with its fleet GPS tracker via Bluetooth. (More... <https://www.socaltech.com/fullstory/0082775.html>) *Momentum IoT Launches Product To Track Tool Usage -* <https://www.socaltech.com/fullstory/0082774.html> Long Beach-based Momentum IoT launched a new product on Friday, which it says can be used to track the usage of tools on job sites. According to the company, its Internet-of-Things product is like "Fitbit for Tools". The company said its Toolie tracking product lets customers track everything from a ladder to a chainsaw or welder, and connects with its fleet GPS tracker via Bluetooth. (More... <https://www.socaltech.com/fullstory/0082774.html>) *The Roddenberry Foundation Launches $1.5 Million Prize* <https://www.socaltech.com/fullstory/0082773.html> Los Angeles-based The Roddenberry Foundation--the charitable foundation which honors Star Trek creator Gene Roddenberry--said this week that it is launching a $1.5 million prize, which will support early science and technology ventures. According to the group, it will award, biennially, $1. (More... <https://www.socaltech.com/fullstory/0082773.html>) *L'Attitude Ventures Raises $100M Fund* <https://www.socaltech.com/fullstory/0082772.html> San Diego-based L'Attitude Ventures announced this week that it has raised $100M in funding from JPMorgan Chase and other limited partners, to "solely invest in Latina(o)-owned" seed to Series A companies. The fund is the firm's very first institutional fund. The Managing Partners and co-founders of the fund are Sol Trujillo (former CEO of Telstra, Orange SA, and US West), Gary Acosta (CEO of the National Association of Hispanic Real Estate Professionals); and Kennie Blanco (BlackRock). (More... <https://www.socaltech.com/fullstory/0082772.html>) *Everytable Takes $55M In Series C* <https://www.socaltech.com/fullstory/0082771.html> Los Angeles-based Everytable, which provides freshly prepared, ready-to-eat food through subscription, storefronts, and kiosks called "SmartFridges", says it has raised $55M in a Series C funding. The funding was led by Creadev, Desert Bloom Food Ventures and Gullspång Re:food, and also included Kaiser Permanente Ventures, Kimbal Musk, The Beacon Fund, Brener International Group, Lerer Hippeau Ventures, and The Libra Foundation. (Funding Details <https://www.socaltech.com/intelligence/?action=showdeal&id=103227> )(More... <https://www.socaltech.com/fullstory/0082771.html>) *Amgen Buys Chemocentryx For $4 Billion In Cash* <https://www.socaltech.com/fullstory/0082770.html> Thousand Oaks-based biotech giant Amgen says it is acquiring ChemoCentryx, a publicly traded biopharmaceuticals company which is focused on orally administered therapeutics to treat autoimmune diseases, inflammatory disorders and cancer. The company said it will pay $52 per share in cash for ChemoCentryx, with an enterprise value of approximately $3.7 billion. Amgen was advised by PJT Partners, with legal advice from Wachtell, Lipton, Rosen & Katz. (More... <https://www.socaltech.com/fullstory/0082770.html>) *Venture MLS Invests In SavvyCard* <https://www.socaltech.com/fullstory/0082768.html> Chino Hills-based Venture MLS, a real estate focused venture capital firm which was founded by a multiple listing service (MLS), said it has made an investment in SavvyCard, which provides software for real estate marketing, lead generation, and targeted advertising. Financial details of the investment were not announced. (More... <https://www.socaltech.com/fullstory/0082768.html>) *The Bounty App Picks Up $5M* <https://www.socaltech.com/fullstory/0082767.html> A new, Los Angeles-based startup, Bounty, developing tools to help creators earn money on TikTok, says it has raised $5M in its seed funding round. The funding was led by M13, and also included Sugar Capital and Interlace Ventures, along with angels. According to the company, it has now raised $6.777M in total. The company said the new funds will go towards meeting demand and product development, as well as hiring plans for its engineering, design, and marketing departments. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showco&id=64200>)( More... <https://www.socaltech.com/fullstory/0082767.html>) *Based Takes $3.5M For NFT Effort* <https://www.socaltech.com/fullstory/0082769.html> *Based <https://www.getbased.com>*, which says it is developing a "communications platform built around NFTs", said from Los Angeles today that it raised $3.5M in a pre-seed funding. The company said the funding wass led by Progression Fund, and also included Hannah Grey, Collab+Currency, Palm Tree Crew, Franklin Templeton, GFR, and crypto-focused angels and influencers. The company said it enables users to "easily surface NFT content from their friends and communities".(More... <https://www.socaltech.com/fullstory/0082769.html>) *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>) *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 *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]. ------------------------------ *Recent Funding <#funding>* 8/05/22 Everytable <https://www.socaltech.com/intelligence/?action=showdeal&id=103227> Los Angeles $55.00 M 8/04/22 Bounty App <https://www.socaltech.com/intelligence/?action=showdeal&id=103226> Los Angeles $5.00 M 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 ------------------------------ *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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