*socaltech.com <http://socaltech.com> TechNews - Wednesday, January 25, 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 * - InnovateMR Acquires Ivy Exec <#0083163> - Mythical Games Acquires DMarket <#0083162> - GoTo: Hacker Exfiltrated Encryption Keys <#0083161> - Riot Games: We Won't Pay Ransom <#0083160> - YouMail Ties With PhishLabs <#0083157> - Element Resources Plans New Hydrogen Production Plant In Lancaster <#0083159> - SONIFI Health Names General Manager <#0083158> - ADARx Pharmaceuticals Takes $46M <#0083156> *Marketplace* - Accelerating Growth For Early Stage Innovation. <#ad764> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Pixelgate.net - Internet Access, Web Hosting, Network Services <#ad796> - Network Thinking Solutions - DevOps and Managed Services <#ad774> - Pacific Western Bank, Venture Banking Group <#ad749> *Wednesday, January 25, 2023* *SHIFT TO A NEW LEVEL OF SUCCESS <https://info.kpmg.us/quantumshift.html>* SHIFT TO A NEW LEVEL OF SUCCESS Welcoming America’s most innovative and promising CEOs to the University of Michigan’s campus in Ann Arbor for a four-day (May 1-5, 2023) learning and peer-to-peer networking experience. QuantumShift is led by faculty from the Stephen M. Ross School of Business and aims to help entrepreneurs improve their leadership approach, inspire their people, and maximize their growth opportunities. Interested in joining the class of 2023? Please apply here by January 31st. https://info.kpmg.us/quantumshift.html *InnovateMR Acquires Ivy Exec* <https://www.socaltech.com/fullstory/0083163.html> Calabasas-based market research technology company InnovateMR said on Tuesday that it has acquired Ivy Exec, a company which operates an "expert network" of professionals focused on career growth support and paid research opportunities. Financial details of the acquisition were not disclosed. InnovateMR said that the founder of Ivy Exec, Elena Bajic, will become President of Ivy Exec. InnovateMR is led by CEO Lisa Wilding-Brown. The company is backed by private equity investor CIVC Partners. (More... <https://www.socaltech.com/fullstory/0083163.html>) *Mythical Games Acquires DMarket* <https://www.socaltech.com/fullstory/0083162.html> Los Angeles-based blockchain startup *Mythical <https://mythical.games>*, which develops blockchain-focused games, said it has acquired *DMarket*, a Kyiv, Ukraine-based startup. Financial details of the deal were not announced. Mythical is developing software for managing digital assets, payments, users, and inventory, based on Ethereum and its own token. The company is led by CEO John Linden. The company is backed by Andreessen Horowitz, as well as others.(More... <https://www.socaltech.com/fullstory/0083162.html>) *GoTo: Hacker Exfiltrated Encryption Keys* <https://www.socaltech.com/fullstory/0083161.html> GoTo, the remote access software developer which also owns the LastPass password service, said on Monday that a hacker not only stole backups from the company, but also an encryption key to those backups. According to GoTo, the "exfiltrated" information was related to its Central, Pro, join. ( More... <https://www.socaltech.com/fullstory/0083161.html>) *Riot Games: We Won't Pay Ransom* <https://www.socaltech.com/fullstory/0083160.html> Santa Monica-based Riot Games said on Tuesday that "we won't pay" any ransom, after receiving a ransom email from hackers of its development systems, who reportedly got away with source code to such titles as League of Legends and Teamfight Tactics. The hack--made possible by what the company said was "social engineering"--has delayed releases of content to the company's various games. (More... <https://www.socaltech.com/fullstory/0083160.html>) *YouMail Ties With PhishLabs* <https://www.socaltech.com/fullstory/0083157.html> Irvine-based YouMail, which provides apps which protect phones against spam and cyberattacks, said today that it has partnered with Fotra's PhishLabs, a provider of a tool for blocking voice phishing attacks. Financial details of the partnership were not announced, however, the two said the deal will improve YouMail's detect and block malicious "vishing" (voice phishing) attacks and voice scams for mutual customers. YouMail is led by CEO Alex Quilici. (More... <https://www.socaltech.com/fullstory/0083157.html>) *Element Resources Plans New Hydrogen Production Plant In Lancaster* <https://www.socaltech.com/fullstory/0083159.html> Element Resources, a Texas developer of hydrogen production facilities, said today that it has inked a deal with the City of Lancaster to open up what it says will be California's largest green hydrogen production facilities. The company said the new facility will product 20,000 tones of renewable hydrogen annually. (More... <https://www.socaltech.com/fullstory/0083159.html>) *SONIFI Health Names General Manager* <https://www.socaltech.com/fullstory/0083158.html> Los Angeles-based *SONIFI Health <https://www.sonifihealth.com>* said today that it has named Kelly Boyd as the company's General Manager. Boyd will oversee all day-to-day operation of the company. According to the company, Boyd has been at the company for 27 years, most recently as Senior Vice President of Operations. SONIFI Health provides mobile devices, televisions, computers, and digital displays for healthcare facilities.( More... <https://www.socaltech.com/fullstory/0083158.html>) *ADARx Pharmaceuticals Takes $46M* <https://www.socaltech.com/fullstory/0083156.html> San Diego-based ADARx Pharmaceuticals has raised $46M in a Series B-1 funding, the company said on Friday. The funding was led by Ascenta Capital, and also included OrbiMed Advisors, SR One Capital Management, Lilly Asia Ventures, and Sirona Capital. As part of the funding, Ascenta Capital's Dr. Lorence Kim has joined the company's board. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showco&id=63431>)( More... <https://www.socaltech.com/fullstory/0083156.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 *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 *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>* 1/23/23 ADARx Pharmaceuticals, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=110494> San Diego $46.10 M 1/19/23 PLAI Labs <https://www.socaltech.com/intelligence/?action=showdeal&id=103242> Culver City $32.00 M 1/19/23 Oro Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=103241> Los Angeles $13.00 M 1/19/23 ContractSafe <https://www.socaltech.com/intelligence/?action=showdeal&id=103240> Malibu $27.50 M 1/17/23 Sensible Weather <https://www.socaltech.com/intelligence/?action=showdeal&id=103239> Santa Monica $0.00 M 1/10/23 CRISPR QC <https://www.socaltech.com/intelligence/?action=showdeal&id=103238> San Diego $1.60 M 1/10/23 Cari Health <https://www.socaltech.com/intelligence/?action=showdeal&id=103237> San Diego $3.20 M 1/09/23 PBS Biotech <https://www.socaltech.com/intelligence/?action=showdeal&id=103236> Camarillo $22.00 M 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html ------------------------------ ------------------------------ ------------------------------ *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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