*socaltech.com <http://socaltech.com> TechNews - Monday, December 12, 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 * - Rivian Pauses Deal with Mercedes-Benz <#0083082> - MeetKai Ties With LA Chargers <#0083081> - Company Plans Offshore Wind Farm Off Central Coast <#0083080> - FTC Files Suit To Block Microsoft's Activision Blizzard Buy <#0083079> - Dantari Gets $47M For Tumor Medicine Effort <#0083078> - NTWRK Names Chief Strategy Officer <#0083077> - Sega Opens New Offices In Irvine <#0083076> - Ad.net Buys IntentX <#0083075> - Drata Raises $200M In Series C, Now Worth $2 Billion <#0083073> - Ecotrak Launches New Software <#0083074> *Marketplace* - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Pacific Western Bank, Venture Banking Group <#ad749> *Monday, December 12, 2022* *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/ *Rivian Pauses Deal with Mercedes-Benz* <https://www.socaltech.com/fullstory/0083082.html> Irvine-based electric vehicle manufacturer Rivian said this morning that it will "no longer pursue" the Memorandum of Understanding with Mercedes-Benz, where it would co-produce electric vans in Europe with Mercedes-Benz. ( More... <https://www.socaltech.com/fullstory/0083082.html>) *MeetKai Ties With LA Chargers* <https://www.socaltech.com/fullstory/0083081.html> Los Angeles-based conversational artificial intelligence (AI) software developer MeetKai said this morning that it has partnered with the Los Angeles Chargers. According to the company, it has become the "Official AI partner" of the Chargers. Financial details of the deal were not announced. According to MeetKai, it will be developing an "AI-based locker room tour" plus will have its logo at the Chargers' home and away media backdrops. MeetKai is led by CEO James Kaplan. (More... <https://www.socaltech.com/fullstory/0083081.html>) *Company Plans Offshore Wind Farm Off Central Coast* <https://www.socaltech.com/fullstory/0083080.html> A wind energy development company, based in Chicago, said it has secured an offshore wind lease off of the Central California Coast. According to *Invenergy California Offshore LLC*, it has secured a lease for 80,418 acres of seabed for operating an offshore wind development. THe bid was worth $145.3M. The auction was run by the U.S. Bureau of Ocean Energy Management (BOEM). Invenergy did not say when it plans to start work on that offshore wind farm.(More... <https://www.socaltech.com/fullstory/0083080.html>) *FTC Files Suit To Block Microsoft's Activision Blizzard Buy* <https://www.socaltech.com/fullstory/0083079.html> The Federal Trade Commission (FTC) said on Thursday that it is looking to block the acquisition of Santa Monica-based Activision Blizzard by Microsoft Corp., saying the buy will "harm competition in high-performance gaming consoles and subscription services". According to the FTC, the $69 billion deal will "enable Microsoft to suppress competitors to its Xbox gaming consoles and its rapidly growing subscription content and cloud-gaming business. (More... <https://www.socaltech.com/fullstory/0083079.html>) *Dantari Gets $47M For Tumor Medicine Effort* <https://www.socaltech.com/fullstory/0083078.html> Thousand Oaks-based Dantari has raised $47M in its Series A funding, saying that it has launched a new, clinical-stage biotechnology company developing targeted therapeutics for the treatment of cancers and other diseases. The company said the funding was led by Westlake Village BioPartners and included participation from Corner Ventures, Alexandria Venture Investments, and Caltech. Dantari has appointed Richard A. Markus, M.D., Ph.D. (More... <https://www.socaltech.com/fullstory/0083078.html>) *NTWRK Names Chief Strategy Officer* <https://www.socaltech.com/fullstory/0083077.html> Los Angeles-based NTWRK, an online livestreaming shopping platform, said today that it has named Ben Dietz as the company's Chief Strategy Officer. Dietz was previously at VICE Media Group, and also co-founded agency VIRTUE. The company said that Dietz, on his spare time, publishes the [SIC] Weekly newsletter and is also the co-founder of the "Culture Club" podcast. NTWRK says its investors including Jimmy Iovine, Live Nation, Drake, Goldman Sachs, luxury brand Kerring and others. (More... <https://www.socaltech.com/fullstory/0083077.html>) *Sega Opens New Offices In Irvine* <https://www.socaltech.com/fullstory/0083076.html> Irvine-based *Sega of America <https://www.sega.com>* announced on Wednesday that it is opening up new offices in Irvine, which includes 31,700 square feet, and will house up to 235 local employees. The company said the new headquarters in Irvine includes members of its publishing departments, as well as its ATLUS GAMES subsidiary. The company said its new space is designed to "facilitate onsite collaboration, creative ideation and media streaming opportunities."(More... <https://www.socaltech.com/fullstory/0083076.html>) *Ad.net Buys IntentX* <https://www.socaltech.com/fullstory/0083075.html> Los Angeles-based digital performance advertising firm *Ad.net <https://ad.net>* announced on Wednesday morning that it has acquired *IntentX*. Financial details of the acquisition were not announced. According to Ad.net, IntentX's publishing partners include Accuweather, DailyMail, Fandom, and PCWorld. IntentX was founded in 2019 by Mom Chan and Vamsu Putrevu. Ad.net is backed by private equity investor Clarion Capital, and is led by CEO Jon Waterman.(More... <https://www.socaltech.com/fullstory/0083075.html>) *Drata Raises $200M In Series C, Now Worth $2 Billion* <https://www.socaltech.com/fullstory/0083073.html> San Diego-based security and compliance automation software developer Drata announced this morning that it has raised $200M in its Series C funding round, at a valuation of $2 billion. (More... <https://www.socaltech.com/fullstory/0083073.html>) *Ecotrak Launches New Software* <https://www.socaltech.com/fullstory/0083074.html> Irvine-based Ecotrak announced this morning that it has launched a new mobile application, which it says connects service technicians with business customers. The company said its new Techtrak software enables field service technicians to manage work orders, assets, create proposals, communicate with customers and send invoices. Pricing on the product was not announced. Ecotrak said its customers include Inspire Brands, Flynn Restaurant Group, Texas Roadhouse and Dutch Bros. (More... <https://www.socaltech.com/fullstory/0083074.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]. ------------------------------ *Recent Funding <#funding>* 12/07/22 Drata Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=103235> San Marcos $200.00 M 10/21/22 Kudos Technologies <https://www.socaltech.com/intelligence/?action=showdeal&id=103234> Woodland Hills $7.00 M 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 ------------------------------ *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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