*socaltech.com <http://socaltech.com> TechNews - Thursday, August 11, 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 * - FCC Rejects SpaceX Bid For Rural Broadband Subsidies For Starlink <#0082796> - Invisible Universe Lands $12M For Internet Animation Studio <#0082795> - Sonos Loses CFO <#0082794> - StartEngine Ties With Indiegogo <#0082792> - Viasat Opens New Office In India <#0082793> - Autonomy Places Order For 23,000 Electric Vehicles <#0082791> *Marketplace* - Pacific Western Bank, Venture Banking Group <#ad749> - Stradling <#ad608> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Become a Socaltech Supporter! <#ad724> *Thursday, August 11, 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 *FCC Rejects SpaceX Bid For Rural Broadband Subsidies For Starlink* <https://www.socaltech.com/fullstory/0082796.html> The Federal Communications Commission has rejected a bid by SpaceX to access Rural Digital Opportunity Funds, saying that SpaceX's Starlink network " are not delivering the promised speeds or are not likely to meet program requirements." SpaceX had asked for a subsidy of nearly $900M from the program. The FCC said that, although "Starlink's technology has real question", the question was whether the FCC should "publicly subsidize" SpaceX' "still developing technology for consumer broadband. (More... <https://www.socaltech.com/fullstory/0082796.html>) *Invisible Universe Lands $12M For Internet Animation Studio* <https://www.socaltech.com/fullstory/0082795.html> Los Angeles-based Invisible Universe, an "Internet-first" animation studio, said this morning that it has raised $12M in a Series A funding. The funding was led by Seven Seven Six, and also included Cosmic Venture Partners, Dapper Labs, Franklin Templeton, Gaingels, Initialized Capital, Schusterman Family Investments, Wheelhouse and Spencer Rascoff's 75 & Sunny. The funding also included angels celebrities Serena Williams and Jennifer Aniston, plus TCG, CASSIUS and Will Smith's Dreamers VC. (More... <https://www.socaltech.com/fullstory/0082795.html>) *Sonos Loses CFO* <https://www.socaltech.com/fullstory/0082794.html> Santa Barbara-based whole home music systems maker Sonos said late Wednesday that its CFO, Brittany Bagley, is stepping down. The company--which is locked in a patent battle with Google--said Bagley is stepping down to "pursue another professional opportunity." Bagley is being replaced by Eddie Lazarus, the company's current Chief Legal Officer (CLO). According to Sonos, Lazarus will start serving as interim CFO effective September 1st. (More... <https://www.socaltech.com/fullstory/0082794.html>) *StartEngine Ties With Indiegogo* <https://www.socaltech.com/fullstory/0082792.html> Los Angeles-based *StartEngine <https://www.startengine.com>* and crowdfunding site *Indiegogo <https://www.indiegogo.com>* said today that the two companies have teamed up, and will work together to help connect Indiegogo projects with follow on funding. Financial terms of the deal were not announced. According to the two, the move will provide Indiegogo founders with access to follow-on funding round all the way to Series C.( More... <https://www.socaltech.com/fullstory/0082792.html>) *Viasat Opens New Office In India* <https://www.socaltech.com/fullstory/0082793.html> Carlsbad-based satellite communications provider *Viasat <https://www.viasat.com>* said today that it has opened up a new office in India, in Hyderabad. According to the company, the new office--which comes in addition to its office in Chennai--will allow it to tap into "key engineering and business talent". Viasat cited Hyderabad's presence as a major hub for technology talent. Viasat has had its office in Chennai since 2015.(More... <https://www.socaltech.com/fullstory/0082793.html>) *Autonomy Places Order For 23,000 Electric Vehicles* <https://www.socaltech.com/fullstory/0082791.html> Santa Monica-based subscription electric vehicle service Autonomy---headed by longtime tech/auto veteran Scott Painter--says it has placed an order for 23,000 electric vehicles, from 17 different global automakers. The company said the orders are an effort to "expand and diversify" its fleet beyond Tesla. The company said it expects those orders to be delivered between 6 and 18 months. The order, according to Autonomy, is 1.2 percent of the projected U.S. (More... <https://www.socaltech.com/fullstory/0082791.html>) *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. *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 *Become a Socaltech Supporter!* Interested in letting Southern California's high tech community know you are here for them? Want to reach Southern California's movers and shakers? Become a SPONSOR or SOCALTECH SUPPORTER! 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