*socaltech.com <http://socaltech.com> TechNews - Friday, January 6, 2023* 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 * - Insights: Tony Greenberg: Three Predictions for 2023 <#0083108> - Product Sciences Picks Up $18M For Mobile App Analysis <#0083110> - Spotter Expands Partnership With Havas Media Group <#0083109> - Ring Opens Preorders For Car Cam <#0083107> - Amazon To Cut 18,000, Unclear On Hollywood Impact <#0083106> - Report: Autonomy Running Out Of Money <#0083105> - Impulse Space Plans Orbital Mission <#0083104> - Teledyne Acquires ChartWorld <#0083103> - Faraday Future Swizzles Board <#0083102> *Marketplace* - Accelerating Growth For Early Stage Innovation. <#ad764> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Network Thinking Solutions - DevOps and Managed Services <#ad774> - Pacific Western Bank, Venture Banking Group <#ad749> *Friday, January 6, 2023* *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]. *Insights: Tony Greenberg: Three Predictions for 2023* <https://www.socaltech.com/fullstory/0083108.html> For our Insights and Opinions section today, we have Three Predictions for 2023: Decentralization Now, Post-Speculation, and Surviving Irrational Markets (from Tony Greenberg) The death of decentralization-washing is key to the great decoupling Net cash inflows into the market shift from speculation to revenue – and determine winners Markets continue to stay irrational longer than you can stay solvent – so everyone needs help (More... <https://www.socaltech.com/fullstory/0083108.html>) *Product Sciences Picks Up $18M For Mobile App Analysis* <https://www.socaltech.com/fullstory/0083110.html> Los Angeles-based Product Science said this week that it has raised $18M in a seed funding round. The funding came from Slow Ventures, Coatue, K5 Global, Mantis Ventures, plus angels Peter Fenton (Benchmark), Jerry Murdock (Insight Partners), and executives at Snap. The company says it is developing software that analyzes pre-product, mobile application code using artificial intelligence, to help improve mobile performance of apps. ( More... <https://www.socaltech.com/fullstory/0083110.html>) *Spotter Expands Partnership With Havas Media Group* <https://www.socaltech.com/fullstory/0083109.html> Los Angeles-based Spotter, which connects creators with funding to develop content for brands and businesses, and media agency Havas Media Group (HMG) North America said today that the two are in a new partnership. Financial details of the deal--which will fund more investments in YouTube creators--were not announced. (More... <https://www.socaltech.com/fullstory/0083109.html>) *Ring Opens Preorders For Car Cam* <https://www.socaltech.com/fullstory/0083107.html> Los Angeles-based *Ring <https://www.ring.com>*, now part of Amazon, has opened up pre-orders for its Car Cam <<br /> https://ring.com/products/car-cam>, the company's version of a dashboard camera. The product includes two cameras, one for both the exterior and interior, and also includes a microphone and speaker which allows owners to communicate through the device. The product--first announced in 2020--was supposed to ship in 2021.( More... <https://www.socaltech.com/fullstory/0083107.html>) *Amazon To Cut 18,000, Unclear On Hollywood Impact* <https://www.socaltech.com/fullstory/0083106.html> *Amazon.com <https://www.amazon.com>* said on Wednesday that it is cutting 18,000 people from its work force, including roles in its Devices and Books business, plus People, Experience, and Technology (PXT) organization -- the latest cuts in the technology industry. It's unclear how those cuts might affect the company's efforts in Hollywood, where Amazon has a significant presence.(More... <https://www.socaltech.com/fullstory/0083106.html>) *Report: Autonomy Running Out Of Money* <https://www.socaltech.com/fullstory/0083105.html> A report from Business Insider says that Los Angeles-based electric vehicle subscription company Autonomyis running out of money and in "dire straits". According to the report, the company--which offers up Tesla vehicles on a subscription basis--is in the midst of attempting to find emergency funding. The company appears to have been hit by the same winds that have caused Tesla's stock price to plunge in recent weeks. (More... <https://www.socaltech.com/fullstory/0083105.html>) *Impulse Space Plans Orbital Mission* <https://www.socaltech.com/fullstory/0083104.html> El Segundo-based space startup Impulse Space says it is planning its first mission, a demonstration of its "orbital service vehicle", which it has named "Mira". According to the company, it is planning a demonstration mission to performan in-space services, including last-mile orbital payload delivery, payload hosting, very low altitude maneuvers and controlled atmospheric re-entry. The company said it has booked a launch slot on a SpaceX Falcon 9 around Q4 of 2023. (More... <https://www.socaltech.com/fullstory/0083104.html>) *Teledyne Acquires ChartWorld* <https://www.socaltech.com/fullstory/0083103.html> Thousand Oaks-based *Teledyne Technologies <https://www.teledyne.com>* said on Tuesday that it has acquired *ChartWorld International*. Financial terms of the deal were not announced. ChartWorld is based in Headquarters, and develops digital marine navigation hardware and software. The company also has lactions in Hamburg, Singapore, Vancouver and Tokyo.(More... <https://www.socaltech.com/fullstory/0083103.html>) *Faraday Future Swizzles Board* <https://www.socaltech.com/fullstory/0083102.html> Los Angeles-based electric vehicle maker Faraday Future said over the holidays that it has appointed two new directors to the company's board. According to Faraday Future, it has appointed Xuefeng (“XF”) Chen and Ke Sun to the company's board, as a result of the resignation of two directors, Dr. Carsten Breitfeld and Mr. Edwin Goh. Interestingly enough, in the announcement, Faraday Future thanked Goh for his service on the board -- but not Breitfeld. Ms. (More... <https://www.socaltech.com/fullstory/0083102.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 *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 *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]. ------------------------------ *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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