*socaltech.com <http://socaltech.com> TechNews - Wednesday, August 31, 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 * - FaZe Clan, McDonalds In Partnership Renewal <#0082859> - Report: Snap Planning 20 Percent Layoff <#0082858> - Outpost Lands $7.1M For Reusable Satellites <#0082857> - Seismic Taps Salesforce Exec As CFO <#0082856> - Yotta Energy Gets $1.23M For Solar/Storage Project <#0082855> - Optimal Acquires Effective Spend <#0082854> - Illumina Opens First Chinese Manufacturing Plant <#0082853> - RentSpree Gets $17.3M In Series B <#0082848> *Marketplace* - Accelerating Growth For Early Stage Innovation. <#ad764> - Pacific Western Bank, Venture Banking Group <#ad749> - Network Thinking Solutions - DevOps and Managed Services <#ad774> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - Pixelgate.net - Internet Access, Web Hosting, Network Services <#ad188> *Wednesday, August 31, 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 *FaZe Clan, McDonalds In Partnership Renewal* <https://www.socaltech.com/fullstory/0082859.html> Los Angeles-based gaming lifestyle and media company FaZe Clan announced today that it has renewed a partnership it has with McDonald's. Financial detail of the partnership deal were not announced. (More... <https://www.socaltech.com/fullstory/0082859.html>) *Report: Snap Planning 20 Percent Layoff* <https://www.socaltech.com/fullstory/0082858.html> A report from The Verge says that <https://www.theverge.com/2022/8/30/23329301/snap-layoffs-20-percent-employees-snapchat> Venice, California-based *Snap <https://www.snap.com>* is planning to lay off approximately 20 percent of its employees. According to the report, the layoffs are expected to start today, and will hit the copany's hardware division, mini-app development, Zenly, and other teams particularly hard. Before the layoffs, Snap had around 6,400 employees.(More... <https://www.socaltech.com/fullstory/0082858.html>) *Outpost Lands $7.1M For Reusable Satellites* <https://www.socaltech.com/fullstory/0082857.html> Santa Monica-based Outpost, a developer of what it says are "reusable" satellites, has raised $7.1M in a seed funding. According to the company, the funding came from Moonshots Capital, with participation from Draper Associates, Starlight Ventures, Kittyhawk Ventures, AIR Capital, Starburst Ventures, Shasta Ventures and others. (More... <https://www.socaltech.com/fullstory/0082857.html>) *Seismic Taps Salesforce Exec As CFO* <https://www.socaltech.com/fullstory/0082856.html> San Diego-based sales and marketing software unicorn Seismic has tapped a former Salesforce executive as its Chief Financial Officer, the company said recently. According to Seismic, it has appointed Evan Goldstein to the CFO position, to oversee finance and legal functions at the company. The company--last valued at $3 billion--said the company now exceeds $300M in annual revenue run rate. (More... <https://www.socaltech.com/fullstory/0082856.html>) *Yotta Energy Gets $1.23M For Solar/Storage Project* <https://www.socaltech.com/fullstory/0082855.html> Santa Ana-based Yotta Energy, a developer of energy storage technology, says it has received a $1.23M award from the California Energy Commission (CEC), to develop a storage and storage system in Santa Ana. (More... <https://www.socaltech.com/fullstory/0082855.html>) *Optimal Acquires Effective Spend* <https://www.socaltech.com/fullstory/0082854.html> New York- and Los Angeles-based *Optimad Media*, a performance marketing company which is renaming itself *Optimal <https://www.winwithoptical.com>*, said last week that it has acquired *Effective Spend*, an Austin, Texas-based that provides paid search, social media advertising, search engine optimization, and Amazon marketing services. Financial terms of the acquisition were not announced. Optimal is led by CEO Michael Bassik.( More... <https://www.socaltech.com/fullstory/0082854.html>) *Illumina Opens First Chinese Manufacturing Plant* <https://www.socaltech.com/fullstory/0082853.html> San Diego-based *Illumina <https://www.illumina.com>* said today that it has opened up its first manufacturing site in China, in Shanghai. According to the company, the new facility will allow it to localize production of its gene sequencing instruments and consumables, and is expected to become its third largest production operation globally.(More... <https://www.socaltech.com/fullstory/0082853.html>) *RentSpree Gets $17.3M In Series B* <https://www.socaltech.com/fullstory/0082848.html> Los Angeles-based rental management software developer RentSpree announced this morning that it has raised $17.3M in a Series B funding round, bringing its total raised to nearly $28M. According to RentSpree, the round was led by Green Visor Capital, and also included Rally Ventures, the California Association of REALTORS® (C.A.R.), Venture MLS, ECG-Research, KEC Ventures, and Gaingels, plus existing investors 645 Ventures and Vesta Ventures. (More... <https://www.socaltech.com/fullstory/0082848.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]. *Network Thinking Solutions - DevOps and Managed Services <http://www.networkthinking.com>* Network Thinking Solutions provides DevOps and Managed Services for Los Angeles, Ventura and Santa Barbara counties. NTS helps development teams implement, manage and monitor CI/CD, Load Balancing, Docker and Auto Scaling technologies. NTS also provides Desktop Managed Services for your business team which includes Antivirus, Threat Protection, Ransomware Detection and Zero Trust Policies. Please reach us at [email protected] to start a conversation or visit our website https://networkthinking.com/devops/ *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]. *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>* 8/23/22 Chamberlain Coffee <https://www.socaltech.com/intelligence/?action=showdeal&id=103230> Beverly Hills $7.00 M 8/17/22 GrayMatter Robotics <https://www.socaltech.com/intelligence/?action=showdeal&id=103229> Los Angeles $20.00 M 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 ------------------------------ *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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