*socaltech.com <http://socaltech.com> TechNews - Monday, August 15, 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 * - Technosylva Snags Private Equity Funding For Wildfire Risk Analysis <#0082806> - Faraday Future Finds $52M In Convertible Note <#0082805> - HyperX Inks Endorsement Deal With DJ <#0082804> - Snapchat Claims 1 Million Snapchat Plus Users <#0082803> - Leucadia Therapeutics Names CFO <#0082802> - Rivian Expects $5.45 Billion Loss In 2022 <#0082800> *Marketplace* - Accelerating Growth For Early Stage Innovation. <#ad764> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Stradling <#ad608> *Monday, August 15, 2022* *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]. *Technosylva Snags Private Equity Funding For Wildfire Risk Analysis* <https://www.socaltech.com/fullstory/0082806.html> La Jolla-based Technosylva, which is developing wildfire simulation modeling software, said this morning that it has received a strategic growth investment from private equity investor TA. Financial terms of that investment were not announced. Technosylva says its customers include California Department of Forestry and Fire Protection (CAL FIRE), Pacific Gas & Electric, San Diego Gas & Electric, Southern California Edison and PacifiCorp. (More... <https://www.socaltech.com/fullstory/0082806.html>) *Faraday Future Finds $52M In Convertible Note* <https://www.socaltech.com/fullstory/0082805.html> Los Angeles-based electric vehicle developer Faraday Future announced this morning that it has raised $52M in a new financing facility, which it claims will give up a total potential funding of as much as $600M. According to the company, the convertible note funding was led by funds managed by ATW Partners. (More... <https://www.socaltech.com/fullstory/0082805.html>) *HyperX Inks Endorsement Deal With DJ* <https://www.socaltech.com/fullstory/0082804.html> Fountain Valley-based *HyperX <https://www.hyperx.com>* says it has inked a "Brand Ambassador" deal with a well known DJ, record producer, and songwriter, *Zedd*. Financial details of the deal were not announced. According to HyperX, it will serve as Zedd's "Official Gaming Audio and Gaming Microphone Supplier", which will include custom and limited-edition headsets and peripherals.(More... <https://www.socaltech.com/fullstory/0082804.html>) *Snapchat Claims 1 Million Snapchat Plus Users* <https://www.socaltech.com/fullstory/0082803.html> Venice, California-based *Snap <https://www.snapchat.com>* says it now has more than one million users for its new *Snapchat+* service, its premium, paid version of Snapchat. The new service--launched in June--provides things like ability to reply to celebrities, new emoji and Bitmoji features, and more. Snapchat+ starts at $3.99 a month.(More... <https://www.socaltech.com/fullstory/0082803.html>) *Leucadia Therapeutics Names CFO* <https://www.socaltech.com/fullstory/0082802.html> San Diego-based Leucadia Therapeutics announced this morning that it has appointed its first CFO, Edward (Ned) Shadek, Jr. According to the company, Shadek has been at Putnam Investments for 17 years, including six years as senior managing director and deputy head of investments and six years as chief investment officer of small/mid cap equities, and also serving as partner and director of portfolio strategy at Newbold's Asset Management. ( More... <https://www.socaltech.com/fullstory/0082802.html>) *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> ) *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 *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 *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. ------------------------------ *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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