*socaltech.com <http://socaltech.com> TechNews - Thursday, March 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 * - Evofem Biosciences Swizzles CFO <#0083277> - Carrick Capital Partners Backs AI Robo-Lawyer Firm LegalSifter <#0083276> - Sure Launches Point of Sale Insurance <#0083275> - Ring Rolls Out Wide Angle Doorbell Cam <#0083274> - Ease Gets Private Equity Investment <#0083272> - EnerDel Sets Up Shop In Irvine <#0083271> - VIKOC Aims To Connect Creators, Brands <#0083273> - SOCi Snags $120M For Marketing Software <#0083270> - Rapport Therapeutics Gets $100M <#0083269> *Marketplace* - Pixelgate.net - Internet Access, Web Hosting, Network Services <#ad796> - Network Thinking Solutions - DevOps and Managed Services <#ad774> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> *Thursday, March 9, 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. *Evofem Biosciences Swizzles CFO* <https://www.socaltech.com/fullstory/0083277.html> San Diego-based Evofem Biosciences said this morning that it has named Albert Altro as the company's new interim Chief Financial Officer, replacing current CFO Jay File. The company said that File is leaving the company to "explore other opportunities". Evofem says that Altro focuses on servicing primarily middle market privately held corporations, as well as debtors-in-possession, secured and unsecured creditors, private equity groups and strategic buyers. (More... <https://www.socaltech.com/fullstory/0083277.html>) *Carrick Capital Partners Backs AI Robo-Lawyer Firm LegalSifter* <https://www.socaltech.com/fullstory/0083276.html> Carrick Capital Partners, which has offices in Newport Beach and San Francisco, said today that it has made an investment in artificial intelligence (AI) powered legal documents company LegalSifter. Financial details of the investment were not announced. As part of the deal, Carrick's Jim Madden and Ivan Whittey join the company's board, along with Varun Mehta, CEO of Factor, another Carrick Capital company. LegalSifter focuses on uses AI for drafting legal contracts. (More... <https://www.socaltech.com/fullstory/0083276.html>) *Sure Launches Point of Sale Insurance* <https://www.socaltech.com/fullstory/0083275.html> Los Angeles-based digital insurance provider Sure said today that it has launched a product which offers up merchants a "one-click' insurance and protection product. The company said its insurance offerings can be used for everything from e-commerce returns, travel insurance, and product warranty protection. The company said its new product, Retrace, includes a return shipping protection product which offers its customers return shipping protection at the point of sale. (More... <https://www.socaltech.com/fullstory/0083275.html>) *Ring Rolls Out Wide Angle Doorbell Cam* <https://www.socaltech.com/fullstory/0083274.html> Santa Monica-based *Ring <https://www.ring.com>* is giving its users a new, better view on people arriving on their doorsteps, with its new *Battery Doorbell Plus*. The new product--which costs $179.99--includes a camera which has a 150-by-150 degree field of view, enough to see packages placed on a doorstep and someone's feet. The company said the product is available for preorder today.(More... <https://www.socaltech.com/fullstory/0083274.html>) *Ease Gets Private Equity Investment* <https://www.socaltech.com/fullstory/0083272.html> San Clemente, California-based Ease, a developer of manufacturing plant floor auditing software, has received a private equity investment. The funding came from Luminate Capital Partners. Financial details of that investment were not announced. According to the companies, the funding will go to accelerate new product development, innovation, and other key growth initiatives. (More... <https://www.socaltech.com/fullstory/0083272.html>) *EnerDel Sets Up Shop In Irvine* <https://www.socaltech.com/fullstory/0083271.html> *EnerDel <https://enerdel.com>*, a Lithium-ion battery pack manufacturer based in Indiana, said on Wednesday that it has opened up a new location in Irvine, California. The company said its Advanced Engineering Tech Center (AETC) is working on developing next-generation battery packs. The company said the location includes and Electrical Engineering lab, and that it is currently hiring and plans to expand by more than 25 engineers this year.( More... <https://www.socaltech.com/fullstory/0083271.html>) *VIKOC Aims To Connect Creators, Brands* <https://www.socaltech.com/fullstory/0083273.html> A new, Ontario, California-based startup, VIKOC, said this morning that it has launched a new platform it says helps video creators, freelancers, and influencers to offer their services to brands. The startup is running a marketplace, which lets creators search for rewards from brands for posting videos of themselves using products from those brands--with rewards ranging from free products, to things like selfie ring lights and other rewards. ( More... <https://www.socaltech.com/fullstory/0083273.html>) *SOCi Snags $120M For Marketing Software* <https://www.socaltech.com/fullstory/0083270.html> San Diego-based SOCi, which develops marketing software for multi-location brands, said today that it has raised $120M in a funding round. The funding came from private equity investor JMI Equity, and also included Vertical Venture Partners (VVP), Blossom Street Ventures, and strategic investor Renew Group Private Limited, owner of 5-hour Energy International. The company says it is developing artificial intelligence (AI) products which incorporate ChatGPT to respond to online reviews. (More... <https://www.socaltech.com/fullstory/0083270.html>) *Rapport Therapeutics Gets $100M* <https://www.socaltech.com/fullstory/0083269.html> San Diego- and Boston-based *Rapport Therapeutics <https://www.rapportrx.com>* announced this morning that it has raised $100M in a Series A funding round, to go towards its precision medicines for neurological disorders. The funding was led by Third Rock Ventures, and also included ARCH Venture Partners and Johnson & Johnson Innovation. The company's lead compound focuses on treating seizure disorders. As part of the funding, the company named Abraham Ceesay as CEO.(More... <https://www.socaltech.com/fullstory/0083269.html>) *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 *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/ *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). 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