*socaltech.com <http://socaltech.com> TechNews - Wednesday, December 14, 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 * - Maxwell Biomedical Buys Cardialen <#0083087> - GoGuardian Names Co-President, COO <#0083088> - Pack Picks Up $3M For Ecommerce Tools <#0083086> - Fisker Unveils New Vehicle, The Fisker Ronin <#0083085> - Beni Raises $5M For Secondhand Shopping Software <#0083084> - RepairSmith Acquired By AutoNation For $190M <#0083083> - Rivian Pauses Deal with Mercedes-Benz <#0083082> *Marketplace* - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - Network Thinking Solutions - DevOps and Managed Services <#ad774> - Pacific Western Bank, Venture Banking Group <#ad749> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> *Wednesday, December 14, 2022* *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 *Maxwell Biomedical Buys Cardialen* <https://www.socaltech.com/fullstory/0083087.html> San Diego-based Maxwell Biomedical announced this morning that it has acquired Cardialen, a Minneapolis-based company that develops a low-energy defibrillation and cardioversion therapy designed to treat atrial fibrillation (AFib) and ventricular tachycardia (VT). Financial details of the transaction were not announced. (More... <https://www.socaltech.com/fullstory/0083087.html>) *GoGuardian Names Co-President, COO* <https://www.socaltech.com/fullstory/0083088.html> Los Angeles-based *GoGuardian <https://www.goguardian.com>*, which develops software for the K-12 education market, said on Monday that it has named Michael Jonas as Co-President and Chief Operating Officer (COO). Jonas has been the CFO of GoGuardian since 2019. Jonas was previously CFO of ThriftBooks and spent 14 years at Microsoft.(More... <https://www.socaltech.com/fullstory/0083088.html>) *Pack Picks Up $3M For Ecommerce Tools* <https://www.socaltech.com/fullstory/0083086.html> San Diego-based Pack, a developer of e-commerce tools, says it has raised $3M in a seed funding round. The funding was led by Norwest Venture Partners, and also included Alpaca and Vanterra Ventures. Pack says it is developing what it calls "headless commerce", which helps brands create personalized shopping experiences. The company said the funding goes towards engineering, product, design, and go-to-market. Pack is led by Cory Cummings, CEO and Co-Founder. (More... <https://www.socaltech.com/fullstory/0083086.html>) *Fisker Unveils New Vehicle, The Fisker Ronin* <https://www.socaltech.com/fullstory/0083085.html> Los Angeles-based electric vehicle manufacturer Fisker has unveiled an image of a new vehicle, the Fisker Ronin, a new, convertible, electric vehicle. Fisker--which has just started ramping up production of its first vehicle, the Fisker Ocean--says it hopes to start production in late 2023 for the new vehicle, with shipments in 2024. Fisker is claiming that the Ronin will have a 660 mile range between recharges. The new vehicle reportedly will cost "slightly below $200,000". (More... <https://www.socaltech.com/fullstory/0083085.html>) *Beni Raises $5M For Secondhand Shopping Software* <https://www.socaltech.com/fullstory/0083084.html> Santa Barbara-based Beni, a startup which lets users find and buy secondhand apparel and accessories, said this morning that it has raised $5M in funding. According to the company, the funding was spit between a seed round of $4M, and earlier pre-seed and seed funding. The new seed funding was led by Bouyant Ventures, and also included Better Ventures,XYZ Venture Capital, Chingona Ventures, and Starting Line Ventures. Beni is led by CEO Sarah Pinner, and was co-founded by CTO Celine Mol. (More... <https://www.socaltech.com/fullstory/0083084.html>) *RepairSmith Acquired By AutoNation For $190M* <https://www.socaltech.com/fullstory/0083083.html> Los Angeles-based mobile automotive repair and maintenance startup RepairSmith has been acquired by automotive retailer AutoNation said on Monday. According to AutoNation, it will pay $190M for RepairSmith, in a deal which is expected to close in the first quarter of 2023. AutoNation says RepairSmith has significant operational footprint in the southern and western United States. (More... <https://www.socaltech.com/fullstory/0083083.html>) *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>) *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]. *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]. *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 ------------------------------ *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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