*socaltech.com <http://socaltech.com> TechNews - Tuesday, February 28, 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 * - Snap Jumps On AI Chatbot Bandwagon <#0083246> - Pagos Picks Up $34M <#0083248> - Evocative Names CEO <#0083247> - EVgo Chops 40 Employees <#0083244> - VIZIO Taps Former Best Buy Exec For Board <#0083243> - MaxLinear Gets Equipment Certification <#0083245> - Klear.ai Names Sales Head <#0083242> - Trust & Will Picks Up $15M In New Funding <#0083241> *Marketplace* - Pacific Western Bank, Venture Banking Group <#ad797> - Pixelgate.net - Internet Access, Web Hosting, Network Services <#ad796> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Network Thinking Solutions - DevOps and Managed Services <#ad774> *Tuesday, February 28, 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 *Snap Jumps On AI Chatbot Bandwagon* <https://www.socaltech.com/fullstory/0083246.html> Venice, California-based Snap has jumped on the artificial intelligence chatbot bandwagon, saying on Monday that it has launched My AI, an OpenAI-based chatbot. According to Snap, the new AI is running the latest version of OpenAI's GPT technology, which it has customized for Snapchat. According to Snap, the new feature will initially be available as an experimental feature for Snapchat+ subscribers. (More... <https://www.socaltech.com/fullstory/0083246.html>) *Pagos Picks Up $34M* <https://www.socaltech.com/fullstory/0083248.html> Los Angeles-based fintech startup, Pagos, which is developing software to understand a company's digital payment process, says it has raised $34M in a Series A funding. The funding was led by Arbor Ventures, and also included Point 72 Ventures, Infinity Ventures and Underscore VC. The company said the funding comes on top of a $10M, seed funding round it received in 2021, which was led by Underscore. (More... <https://www.socaltech.com/fullstory/0083248.html>) *Evocative Names CEO* <https://www.socaltech.com/fullstory/0083247.html> Los Angeles-based *Evocative <https://www.evocative.com>*, a provider of data center and other services, said on Monday that it has named Derek Garnier as the company's new Chief Executive Office. Garnier was previously the company's President and Chief Operating Officer. The company said Garnier succeeds founder Arman Khalili, who will remain on the company's board of directors.(More... <https://www.socaltech.com/fullstory/0083247.html>) *EVgo Chops 40 Employees* <https://www.socaltech.com/fullstory/0083244.html> Los Angeles-based *EVgo <https://www.evgo.com>* says it has "reduced headcount" by approximately 40 employees, as a part of what it calls an effort to "grow its charging network". The company said the layoffs were part of a reorganization of the company. EVgo operates a network of public, fast charging networks for electric vehicles (EVs).(More... <https://www.socaltech.com/fullstory/0083244.html>) *VIZIO Taps Former Best Buy Exec For Board* <https://www.socaltech.com/fullstory/0083243.html> Irvine-based VIZIO said today that it has named R. Michael (Mike) Mohan, the former President and COO of Best Buy Co., to its board of directors. VIZIO--best known for its line of connected televisions--said that Mohan was previously responsible for all aspects of global operations, including sales, merchandising, marketing, supply chain management, services, and new business initiatives across more than 1,400 stores and online channels worldwide at Best Buy, which he joined in 2004. (More... <https://www.socaltech.com/fullstory/0083243.html>) *MaxLinear Gets Equipment Certification* <https://www.socaltech.com/fullstory/0083245.html> Carlsbad-based *MaxLinear <https://www.maxlinear.com>* says it has received a new equipment certification, for some of its semiconductors, used for fiber-to-the-home applications. According to the company, its AnyWAN home gateway systems-on-a-chip (SoC) has been XGS-PON and G-PON as part of the Broadband Forum BBF.247 Optical Network Unit (ONU) Certification Program. The company said its SoC is aimed at use in fixed-wireless-access gateways with 5G WAN and Wi-F 7.(More... <https://www.socaltech.com/fullstory/0083245.html>) *Klear.ai Names Sales Head* <https://www.socaltech.com/fullstory/0083242.html> Los Angeles-based AI software developer *Klear.ai <https://www.klear.ai>* said today that it has named Peter Govek as the company's new Chief Revenue Officer (CRO). Klear.ai is developing insurance software that uses artificial intelligence for claims, risk, and underwriting. The company said Govek has 23 years of experience in the industry, but did not detail his prior employers.(More... <https://www.socaltech.com/fullstory/0083242.html>) *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>) *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 *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 *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>* 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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