*socaltech.com <http://socaltech.com> TechNews - Thursday, March 2, 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 * - Highway Benefits Picks Up $3.1M <#0083256> - Faraday Future Elevates Jia To Executive Officer <#0083255> - Ring Founder Siminoff Steps Down From CEO Post <#0083254> - SpaceX Sends More Astronauts To Space <#0083257> - RLH Equity Partners Gets Exit At Utegration <#0083258> - RentSpree Aims To Connect Women In Real Estate <#0083252> *Marketplace* - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - Accelerating Growth For Early Stage Innovation. <#ad764> - Network Thinking Solutions - DevOps and Managed Services <#ad774> - Pacific Western Bank, Venture Banking Group <#ad797> *Thursday, March 2, 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 *Highway Benefits Picks Up $3.1M* <https://www.socaltech.com/fullstory/0083256.html> Manhattan Beach-based Highway Benefits, a new fintech startup which offers up help with student loan repayments as an employee benefit, has raised $3.1M in a seed funding round. The funding was led by XYZ Venture Capital, and also included angel Roger Ferguson Jr. The company said its founders are Mick MacLaverty and Cory Michael, who were both graduate students at UCLA's Anderson School of Management in 2021. (More... <https://www.socaltech.com/fullstory/0083256.html>) *Faraday Future Elevates Jia To Executive Officer* <https://www.socaltech.com/fullstory/0083255.html> Los Angeles-based electric vehicle developer Faraday Future said late Wednesday that it has promoted founder and Chief Product and User Ecosystem Officer Yueting Jia back to Executive Officer, where he will again report to the company's Board of Directors. According to the company, Jia will serve alongside current CEO Xuefeng Chen, but will report directly to the board. (More... <https://www.socaltech.com/fullstory/0083255.html>) *Ring Founder Siminoff Steps Down From CEO Post* <https://www.socaltech.com/fullstory/0083254.html> *Jamie Siminoff*, founder of Santa Monica-based *Ring <https://www.ring.com>*, has stepped down as CEO of the company, saying <https://blog.ring.com/about-ring/our-continued-innovation-and-evolution/> that he will instead serve as "Chief Inventor" for Ring. Ring--which is now owned by Amazon--was started in 2012. Siminoff said that Ring has brought on Elizabeth (Liz) Hamren as its new CEO; Hamren was previously Chief Operating Officer at Discord.(More... <https://www.socaltech.com/fullstory/0083254.html>) *SpaceX Sends More Astronauts To Space* <https://www.socaltech.com/fullstory/0083257.html> Hawthorne, California-based SpaceX delivered four more astronauts into space last night, as part of the NASA's SpaceX Crew-6 mission. The four were launched into space from NASA's Kennedy Space Center in Florida at 12:34 a.m. EST, the sixth commercial crew misssion for SpaceX. (More... <https://www.socaltech.com/fullstory/0083257.html>) *RLH Equity Partners Gets Exit At Utegration* <https://www.socaltech.com/fullstory/0083258.html> Los Angeles-based private equity investor *RLH Equity Partners* said that one of its portfolio companies, *Utegration LLC*, has been acquired by *Cognizant Technology Solutions*. Financial details of the deal were not announced, and RLH Equity Partners did not say what kind of returned it received on its investment. Utegration is based in Houston, Texas, and offers up consulting focused on SAP.(More... <https://www.socaltech.com/fullstory/0083258.html>) *RentSpree Aims To Connect Women In Real Estate* <https://www.socaltech.com/fullstory/0083252.html> Los Angeles-based rental management software developer *RentSpree <https://www.rentspree.com>* said today that it has launched a new effort to connect and support women in the real estate sector. According to the company, it has launched something it calls RENEW, the Real Estate Network of Empowered Women, which also now includes a new podcast series <https://podcasts.apple.com/us/podcast/the-renew-podcast/id1671199867?i=1000599060678> .(More... <https://www.socaltech.com/fullstory/0083252.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]. *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. 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
