*socaltech.com <http://socaltech.com> TechNews - Tuesday, February 7, 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 * - SUMA Wealth Acquires Reel <#0083197> - MatchCraft Adds YouTube Video Ad Support <#0083198> - March Capital Raises $650M Fund <#0083194> - TuSimple Execs May Face Espionage Charges <#0083195> - 4.5 Billion Robocalls In January <#0083193> - Halozyme Names Board Member <#0083196> - Netflix Replaces Animators With AI, Faces Backlash <#0083192> *Marketplace* - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - Pacific Western Bank, Venture Banking Group <#ad797> - Pixelgate.net - Internet Access, Web Hosting, Network Services <#ad796> - Network Thinking Solutions - DevOps and Managed Services <#ad774> *Tuesday, February 7, 2023* *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 *SUMA Wealth Acquires Reel* <https://www.socaltech.com/fullstory/0083197.html> Los Angeles-based fintech products developer SUMA Wealth announced this morning that it has acquired Reel, the developer of a savings and personal finance platform. Financial details of the acquisition were not announced. Reel Co-founder and CEO Daniela Corrente becomes Chief Strategy and Business Officer at the company. Both companies had been focused on financial products aimed at young U.S. Latinos. SUMA Wealth was founded by CEO Beatriz Acevedo and COO Mary Hernandez. (More... <https://www.socaltech.com/fullstory/0083197.html>) *MatchCraft Adds YouTube Video Ad Support* <https://www.socaltech.com/fullstory/0083198.html> Digital advertising provider MatchCraft says it has extended its campaign management and reporting tools to support YouTube Video Ads. According to the company, the new support allows its team to manage YouTube Video campaigns, and provide detailed reports for those ads. (More... <https://www.socaltech.com/fullstory/0083198.html>) *March Capital Raises $650M Fund* <https://www.socaltech.com/fullstory/0083194.html> Santa Monica-based *March Capital <https://www.marchcp.com>* said on Friday that it has raised a fourth fund, *March Capital IV*, worth $650M. The company said the fund will invest in venture and early growth investments in ". The company says it expects to make 12-15 "new meaningful investments" in the area. March Capital's current Managing Partners are Sumant Mandal, Jamie Montgomery, and Gregory Milken.(More... <https://www.socaltech.com/fullstory/0083194.html>) *TuSimple Execs May Face Espionage Charges* <https://www.socaltech.com/fullstory/0083195.html> Executives at troubled, San Diego-based autonomous trucking technology developer TuSimple may be facing charges of espionage, according to the Wall Street Journal. According to a report from the WSJ, the Justice Department has been urged by representatives of a U.S. national-secury panel to "consider economic-espionage charges against leaders of TuSimple Holdings" due to transferring technology to a Chinese startup. (More... <https://www.socaltech.com/fullstory/0083195.html>) *4.5 Billion Robocalls In January* <https://www.socaltech.com/fullstory/0083193.html> U.S. consumers saw just over 4.5 billion robocalls in January--pretty much consistent with the ongoing rate of unwanted calls--according to Irvine-based YouMail, which tracks robocall volumes. The company--which offers up call blocking and screening software--said that "robocall volume in the US isn't really changing, despite month- to-month variations, and despite stepped up enforcement efforts", according to a statement from the company's CEO, Alex Quilici. (More... <https://www.socaltech.com/fullstory/0083193.html>) *Halozyme Names Board Member* <https://www.socaltech.com/fullstory/0083196.html> San Diego-based *Halozyme <https://www.halozyme.com>* said Monday morning that it has added Barbara Duncan to its board of directors. Duncan was most recently Chief Financial Officer of Intercept Pharmaceuticals, and also served at DOV Pharmaceuticals and Lehman Brothers, among other companies. Halozyme develops enzymes used to enhance drug delivery.(More... <https://www.socaltech.com/fullstory/0083196.html>) *Netflix Replaces Animators With AI, Faces Backlash* <https://www.socaltech.com/fullstory/0083192.html> Netflix--which has substantial operations in the Los Angeles area--is facing a major backlash, after it revealed that it has replaced animators in Japan with artificial intelligence software. According to Netflix Japan, it decided to use AI due to a "labor shortage" for the title "Dog and Boy". (More... <https://www.socaltech.com/fullstory/0083192.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]. *Pacific Western Bank, Venture Banking Group <https://www.pacwest.com>* Pacific Western Bank is a commercial bank with over $41 billion in assets headquartered in Los Angeles, California, with an executive office in Denver, Colorado. Our venture banking team specializes in financial products and services for startups, venture-backed businesses, and their venture capital and private equity investors. We are dedicated to delivering high-touch, tailored solutions, helping innovators take their business to the next level. No matter the size or stage of your business, you can expect guidance, resources and flexibility, making them the perfect team to support your evolving needs. For more information, visit www.pacwest.com, or follow them on LinkedIn and Twitter. *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/ ------------------------------ *Recent Funding <#funding>* 1/31/23 Saviynt <https://www.socaltech.com/intelligence/?action=showdeal&id=110563> El Segundo $205.00 M 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 ------------------------------ *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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