*socaltech.com <http://socaltech.com> TechNews - Monday, February 13, 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 * - Group Takes On Tesla In Super Bowl Ad <#0083213> - Cinedigm Partners With ROW8 For Rentals <#0083212> - indie Acquires GEO Semiconductor For $180M <#0083214> - SpaceX Takes Issue With Ukrainian Use Of Starlink For Drones <#0083211> - Fabric8Labs Raises $50M <#0083210> - CerraCap Ventures Backs Israeli Disease Detection Startup <#0083209> - Rocket Lab Rolls Out New Satellite Products <#0083207> - Disney Cuts 7,000 Jobs, Cuts Back Spending <#0083206> *Marketplace* - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Accelerating Growth For Early Stage Innovation. <#ad764> - Network Thinking Solutions - DevOps and Managed Services <#ad774> - Pacific Western Bank, Venture Banking Group <#ad797> *Monday, February 13, 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]. *Group Takes On Tesla In Super Bowl Ad* <https://www.socaltech.com/fullstory/0083213.html> An anti-Tesla group--headed by the CEO of a Santa Barbara area high tech company--put out a 30 second ad on the Super Bowl on Sunday, alleging that Tesla's Full Self Driving (FSD) mode will "run down a child in a school crosswalk, swerve into oncoming traffic, hit a baby in a stroller, go straight past stopped school buses, ignore 'do not enter' signs, and even drive on the wrong side of the road. (More... <https://www.socaltech.com/fullstory/0083213.html>) *Cinedigm Partners With ROW8 For Rentals* <https://www.socaltech.com/fullstory/0083212.html> Los Angeles-based online streaming provider Cinedigm says it has partnered with ROW8 to add new, rentable theatrical titles on its Cineverse service. According to the company, the partnership lets customers rent recently released premium movies, video video-on-demand. ROW8 provides recent Hollywood movies before they are released on subscription streaming services. Financial details of the partnership were not announced. (More... <https://www.socaltech.com/fullstory/0083212.html>) *indie Acquires GEO Semiconductor For $180M* <https://www.socaltech.com/fullstory/0083214.html> Aliso Viejo-based indie Semiconductor, which develop software for the auto industry, said last week that it has acquired GEO Semiconductor. GEO is a developer of video processors for automotive cameras. indie said it will pay $180M for GEO Semiconductor, split between $90M in cash plus stock, with additional earnout possible. indie said the deal will help it extend its sensor portfolio to include radar, LiDAR, ultrasound, and computer vision technology. (More... <https://www.socaltech.com/fullstory/0083214.html>) *SpaceX Takes Issue With Ukrainian Use Of Starlink For Drones* <https://www.socaltech.com/fullstory/0083211.html> Hawthorne-based SpaceX has been restricting Internet use by the country of Ukraine, specifically blocking the use of its Starlink satellite-based network for controlling military drones. According to Starlink chief Gwynne Shotwell, the company does not want its platform to be used for "offensive purposes", and that is already limiting Ukraine's use of Starlink for controlling drones. (More... <https://www.socaltech.com/fullstory/0083211.html>) *Fabric8Labs Raises $50M* <https://www.socaltech.com/fullstory/0083210.html> San Diego-based *Fabric8Labs <https://www.fabric8labs.com>*, which is developing electrochemical additive manufacturing technology, said this week that it raised $50M in a Series B funding. The funding was led by New Enterprise Associates (NEA), and also included Intel Capital, imec.XPAND, SE Ventures, TDK Ventures, and Lam Capital. The company said the funds will go toscale its technology, and establish a pilot production facility. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showco&id=70625>)( More... <https://www.socaltech.com/fullstory/0083210.html>) *CerraCap Ventures Backs Israeli Disease Detection Startup* <https://www.socaltech.com/fullstory/0083209.html> Costa Mesa-based CerraCap Ventures said today that it has backed an Israeli startup, Predicta Med, which is developing autoimmune disease detection technology based in artificial intelligence. Financial details of the investment were not announced. Predicta Med is developing a system which CerraCap says "aggregates, analyses, and enriches data-driven decision-making that helps healthcare providers drastically reduce immune-related disease diagnosis from years and months to weeks. (More... <https://www.socaltech.com/fullstory/0083209.html>) *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>) *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 *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 *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 <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. ------------------------------ *Recent Funding <#funding>* 2/10/23 Fabric8Labs <https://www.socaltech.com/intelligence/?action=showdeal&id=110604> San Diego $50.00 M 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 ------------------------------ *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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