*socaltech.com <http://socaltech.com> TechNews - Friday, August 12, 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 * - Rivian Expects $5.45 Billion Loss In 2022 <#0082800> - SpaceX Gets Approval For Spy Satellite Launches <#0082799> - Ring Gets Its Own TV Show, Ring Nation <#0082797> - Haystack Rolls Out New Tool <#0082798> - DivX Gets Patent Licensing Win At Disney <#0082801> - FCC Rejects SpaceX Bid For Rural Broadband Subsidies For Starlink <#0082796> - Invisible Universe Lands $12M For Internet Animation Studio <#0082795> *Marketplace* - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Pacific Western Bank, Venture Banking Group <#ad749> - Pixelgate.net - Internet Access, Web Hosting, Network Services <#ad188> *Friday, August 12, 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]. *Rivian Expects $5.45 Billion Loss In 2022* <https://www.socaltech.com/fullstory/0082800.html> Electric car maker Rivian, which has significant operations in Orange County, is expecting to lose $5.45 billion in 2022, up from an expected loss of $4.75 billion it has shared three months ago. The company said it is facing supply chain challenges and issues with raw materials. Rivian is developing electric vehicles, and has a major contract to supply delivery vans for Amazon. (More... <https://www.socaltech.com/fullstory/0082800.html> ) *SpaceX Gets Approval For Spy Satellite Launches* <https://www.socaltech.com/fullstory/0082799.html> Hawthorne-based SpaceX has gained approval to launch secretive U.S. spy satellites into orbit, which will give the space launch firm an advantage in the gaining contracts for the Space Force. (More... <https://www.socaltech.com/fullstory/0082799.html>) *Ring Gets Its Own TV Show, Ring Nation* <https://www.socaltech.com/fullstory/0082797.html> Santa Monica-based security doorbell maker Ring--now part of Amazon--its gettings its own television show, called Ring Nation, according to Deadline. According to Deadline, the new syndicated series will be entirely comprised of videos taken from Ring doorbells, and will be hosted by Wanda Sykes; the series is expected to debut on September 26th. (More... <https://www.socaltech.com/fullstory/0082797.html>) *Haystack Rolls Out New Tool* <https://www.socaltech.com/fullstory/0082798.html> Los Angeles-based Haystack said on Thursday that it has launched a new product, called Connect. According to Haystack, the new tool is built to "foster deeper relationships among colleagues" and provides tools to "support better work friendships, facilitate mentor-mentee relationships, and bring colleagues together on a deeper level." Haystack was founded by CEO Cameron Lindsay and CTO Haibo Zhao, and says it is a "modern intranet platform" aimed at helping big companies feel smaller. (More... <https://www.socaltech.com/fullstory/0082798.html>) *DivX Gets Patent Licensing Win At Disney* <https://www.socaltech.com/fullstory/0082801.html> San Diego-based digital video technology developer DivX--which has in recent years pivoted to patent licensing--reported this week that it has signed an intellectual property (IP) licensing agreement with The Walt Disney Company. Financial details of the licensing deal were not announced. DivX said that The Disney Company's streaming services include Disney+, Hulu, and ESPN+. (More... <https://www.socaltech.com/fullstory/0082801.html> ) *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>) *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]. *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>* 8/10/22 Maximus <https://www.socaltech.com/intelligence/?action=showdeal&id=103228> Santa Monica $15.00 M 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 ------------------------------ *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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