*socaltech.com <http://socaltech.com> TechNews - Friday, October 7, 2022* Edited by Benjamin F. Kuo ISSN: 1524-6736 http://www.socaltech.com/News <https://www.socaltech.com/News> ------------------------------
*Sponsored By * 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 * - Amazon Backs Share Ventures, Techstars To Open VC Access <#0082954> - Report: Crypto.com In Marketing Meltdown <#0082953> - Diversis Capital Acquires Remainder Of Tempo Software <#0082952> - IDrive Looks Towards Resellers <#0082951> - Headspace Health Looks For Validation With Research Program <#0082956> - Elysian Park Ventures Leads $12M Investment In GAMURS <#0082950> *Marketplace* - Network Thinking Solutions - DevOps and Managed Services <#ad774> - Pacific Western Bank, Venture Banking Group <#ad749> - Accelerating Growth For Early Stage Innovation. <#ad764> - Pixelgate.net - Internet Access, Web Hosting, Network Services <#ad188> *Friday, October 7, 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 *Amazon Backs Share Ventures, Techstars To Open VC Access* <https://www.socaltech.com/fullstory/0082954.html> Amazon, which has significant operations in the Los Angeles area, is putting some capital to work in at least two, Los Angeles area venture capital investors, as part of a new fund to back underrepresented entrepreneurs. Amazon said this week that it will invest $150M in venture fund that provide underrepresented entrepreneurs access to capital. (More... <https://www.socaltech.com/fullstory/0082954.html>) *Report: Crypto.com In Marketing Meltdown* <https://www.socaltech.com/fullstory/0082953.html> A new report, from Ad Age, says that Crypto.com, the cryptocurrency exchange which has the naming rights to the Los Angeles Crypto.com Arena, is in a marketing meltdown, and has reduced 30-40 percent of its headcount between June and August. Those cuts in staff equal more than 2,000 employees leaving the company, mostly due to layoffs, says the story. The Ad Age article attributes the cuts to a "crypto-winter" which has hit the industry. Crypto. (More... <https://www.socaltech.com/fullstory/0082953.html>) *Diversis Capital Acquires Remainder Of Tempo Software* <https://www.socaltech.com/fullstory/0082952.html> Los Angeles-based private equity investor Diversis Capital said this week that it has acquired the remainder of Tempo Software, a developer of strategic roadmapping, time, and capacity planning software. Financial details of the acquisition were not announced. The ownership stake in Tempo Software had previously been owned by Origo. Diversis said it initially acquired a majority interst in Tempo from Origo in 2018. Tempo Software works with Atlassian software. Tempo Software is based in Boston. (More... <https://www.socaltech.com/fullstory/0082952.html>) *IDrive Looks Towards Resellers* <https://www.socaltech.com/fullstory/0082951.html> Los Angeles-based cloud storage provider IDrive, a provider of Amazon S3-compatible storage, says it is launching own reseller program, which allows managed service providers (MSPs) and resellers the opportunity to purchase cloud storage space, and resell that at their own price. The company said that the cloud storage is a "fraction of the cost" of competing services. (More... <https://www.socaltech.com/fullstory/0082951.html>) *Headspace Health Looks For Validation With Research Program* <https://www.socaltech.com/fullstory/0082956.html> Santa Monica-based Headspace Health, which provides a digital mental health platform, is trying to encourage some third party, external research into the impact of its products, through a new "External Research Collaborator Program". According to the company, the program allows academic researchers, non-profits, govegencies, healthcare institutions, and other researchers to submit proposals to conduct scientific studies using the Headspace app. (More... <https://www.socaltech.com/fullstory/0082956.html>) *Elysian Park Ventures Leads $12M Investment In GAMURS* <https://www.socaltech.com/fullstory/0082950.html> Elysian Park Ventures, the venture capital arm of the Los Angeles Dodgers, is the lead investor in a $12M ($17.8M AUD) investment in Sydney, Australia-based GAMURS, the two said this week. Other investors in the Series A funding round were Cerro Capital, which co-led the round, along with Powerhouse Capital, Aura Ventures, and Artesian. GAMURS said it will use the funding for strategic acquisitions and for expansion into adjaent markets. (More... <https://www.socaltech.com/fullstory/0082950.html>) *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/ *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]. *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 *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>* 9/22/22 TheoryCraft Games <https://www.socaltech.com/intelligence/?action=showdeal&id=103233> Los Angeles $50.00 M 9/09/22 Arena Club <https://www.socaltech.com/intelligence/?action=showdeal&id=103232> Los Angeles $9.00 M 9/06/22 Bitwarden <https://www.socaltech.com/intelligence/?action=showdeal&id=103231> Santa Barbara $100.00 M 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 ------------------------------ *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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