*socaltech.com <http://socaltech.com> TechNews - Thursday, February 23, 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 * - Trust & Will Picks Up $15M In New Funding <#0083241> - BlueCargo Finds $11M <#0083240> - Zest AI Aims At Credit Unions With New Product <#0083239> - Altium Opens Korean Office <#0083238> - indie Semiconductor Buys Silicon Radar <#0083237> - Mitek Gets Delisting Notice <#0083236> *Marketplace* - Network Thinking Solutions - DevOps and Managed Services <#ad774> - 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> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> *Thursday, February 23, 2023* *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. *Trust & Will Picks Up $15M In New Funding* <https://www.socaltech.com/fullstory/0083241.html> San Diego-based *Trust & Will <https://www.trustandwill.com>*, which provides digital estate planning and will software, said today that it has raised $15M in a new funding round. The funding came from Amex Ventures, Northwestern Mutual Future Ventures, SEI Ventures, and USAA. The company says it has now raised more than $48M in total. Trust & Will is led by CEO and founder Cody Barbo.(More... <https://www.socaltech.com/fullstory/0083241.html>) *BlueCargo Finds $11M* <https://www.socaltech.com/fullstory/0083240.html> Los Angeles-based BlueCargo, a developer of software-as-a-service aimed at streamlining the flow of containers through U.S. port terminals, has raised $11M in a funding round. The company said the funding was led by Soma Capital and Left Lane Capital. The company's founders are Alexandra Griffon (Chief Executive Officer) and Laura Theveniau (Chief Product Officer), who were both originally from France. The company said it has now raised $15M in total. (More... <https://www.socaltech.com/fullstory/0083240.html>) *Zest AI Aims At Credit Unions With New Product* <https://www.socaltech.com/fullstory/0083239.html> Los Angeles-based *Zest AI <https://www.zest.ai>*, which develops artificial intelligence-powered software for credit scoring for lenders, says it has launched a new product aimed at credit unions. The company said its "quick and equitable credit scoring" software is now available to credit unions under $300M in total assets, or $100M and under in consumer portfolio size. Pricing on the software for those customers was not announced.(More... <https://www.socaltech.com/fullstory/0083239.html>) *Altium Opens Korean Office* <https://www.socaltech.com/fullstory/0083238.html> San Diego-based *Altium <https://www.altium.com>*, a developer of printed circuit board (PCB) software, said it has opened up a new, regional office in Seoul, Korea. The company said it has been in the market for over five years. The company said the new office will help serve its customers in the country better, and will include pre-sales, sales and marketing, and customer support functions.(More... <https://www.socaltech.com/fullstory/0083238.html>) *indie Semiconductor Buys Silicon Radar* <https://www.socaltech.com/fullstory/0083237.html> Aliso Viejo-based chip developer *indie Semiconductor <https://www.indiesemi.com>* said late Wednesday that it has acquired *Silicon Radar GmbH*, a German company that develops system-on-chips (SoCs) for automotive radar. Financial terms of the deal were not announced. indie Semiconductor said the buy will help to complement two earlier acquisition by the company, the radar divisions of Analog Devices and ON Semi. Silicon Radar GmbH is developing 120 GHz radar.(More... <https://www.socaltech.com/fullstory/0083237.html>) *Mitek Gets Delisting Notice* <https://www.socaltech.com/fullstory/0083236.html> San Diego-based identity and digital fraud prevention software developer *Mitek Systems <https://www.miteksstems.com>* reported very late Tuesday evening that it has received a notice from The Nasdaq Stock Market, that it is not in compliance with the Nasdaq's continued listing requirements. According to the company, the Nasdaq said the notice was a result of its failure to file a Quarterly Report on Form 10-Q for the quarter ended December 31, 2022.(More... <https://www.socaltech.com/fullstory/0083236.html>) *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/ *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]. *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 ------------------------------ *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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