*socaltech.com <http://socaltech.com> TechNews - Thursday, February 9, 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 * - Rocket Lab Rolls Out New Satellite Products <#0083207> - Disney Cuts 7,000 Jobs, Cuts Back Spending <#0083206> - TP Link Rolls Out Robot Vacuum and Mop <#0083208> - H Code Partners With La Republica <#0083204> - U.S. Foreclosures Continue To Climb, Says ATTOM <#0083205> - Virgin Orbit Narrows Down Launch Failure Issue <#0083202> *Marketplace* - Pacific Western Bank, Venture Banking Group <#ad797> - Pixelgate.net - Internet Access, Web Hosting, Network Services <#ad796> - Accelerating Growth For Early Stage Innovation. <#ad764> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> *Thursday, February 9, 2023* *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 *Rocket Lab Rolls Out New Satellite Products* <https://www.socaltech.com/fullstory/0083207.html> Long Beach-based Rocket Lab USA, which provides small satellite launch services, says it has released two new products aimed at the small satellite market. According to the company, it has released a new "interplanetary radio" and a reaction wheel, which are both components needed for small satellite missions. (More... <https://www.socaltech.com/fullstory/0083207.html>) *Disney Cuts 7,000 Jobs, Cuts Back Spending* <https://www.socaltech.com/fullstory/0083206.html> Burbank-based Disney said on Wednesday that it is cutting 7,000 jobs, and reducing spending, with plans to cut $5.5 billion in costs. Both moves have typically impacted Southern California's technology industry, with cuts in the past both negatively impacting local technology companies and startups dependent on Disney's spending, but also often making it easier for those same companies to recruit employees. The moves are the first major move by Bob Iger, who returned as CEO in November. (More... <https://www.socaltech.com/fullstory/0083206.html>) *TP Link Rolls Out Robot Vacuum and Mop* <https://www.socaltech.com/fullstory/0083208.html> Consumer electronics manufacturer TP-Link--which has its U.S. headquarters in Brea, California--rolled out a new robot vacuum cleaner and mop this week, which it had announced earlier this year at CES. According to TP-Link, its Tapo RV10 is a combination robotic vacuum cleaner and mop, using "zigzag path planning", control via an app, auto-charging, and more. The new device costs $250. TP-Link runs its U.S. (More... <https://www.socaltech.com/fullstory/0083208.html>) *H Code Partners With La Republica* <https://www.socaltech.com/fullstory/0083204.html> Santa Monica-based *H Code <https://www.mycodemedia.com>*, which provides advertising services for websites focused on Hispanic audiences, said it has partnered with media publishing group *Grupo La República*. According to H Code, which is part of My Code, it will represent 100 percent of Grupo La Republica's U.S. website inventory, including its primary website, LaRepublica.pe <https://larepublica.pe>. Financial details of the deal were not announced.(More... <https://www.socaltech.com/fullstory/0083204.html>) *U.S. Foreclosures Continue To Climb, Says ATTOM* <https://www.socaltech.com/fullstory/0083205.html> Irvine-based land, property, and real estate data tracking provider ATTOM said that U.S. foreclosure activity continues to climb, saying that 31,557 U.S. properties had foreclosure filings in January of 2023, up 36 percent from a year ago and up 2 percent from the prior month. The company counts default notices, scheduled auctions, and bank repossessions. (More... <https://www.socaltech.com/fullstory/0083205.html>) *Virgin Orbit Narrows Down Launch Failure Issue* <https://www.socaltech.com/fullstory/0083202.html> Mojave-based Virgin Orbit, the satelite launch venture backed by Sir Richard Branson, appears to have narrowed down the cause of its failure to launch a rocket from Cornwall, UK, last month. According to reports, Virgin Orbit Dan Hart attributed the failure to a $100 filter which may have dislodged during the launch. The company did not give any indication of when it expects to try again for a launch. (More... <https://www.socaltech.com/fullstory/0083202.html>) *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 *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 *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]. ------------------------------ *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. All rights reserved. socalTECH.com - Dedicated to High Tech in Southern California http://www.socaltech.com/ SOCALTECH LLC 4607 Lakeview Canyon Road, Suite 290, Westlake Village, CA 91361
_______________________________________________ Socaltech mailing list [email protected] http://listserv.socaltech.com/mailman/listinfo/socaltech
