*socaltech.com <http://socaltech.com> TechNews - Thursday, March 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 * - Britive Finds $20.5M In Funding <#0083311> - SEC Charges Celebrities For Touting Crypto <#0083310> - Relativity Space Launches First Rocket, But Fails To Reach Orbit <#0083309> - Report: Virgin Orbit Looking To Raise $200M In Private Placement <#0083308> - Agency Revolution Applies ChatGPT To Insurance Sales <#0083306> - GoDocs Expands Document Automation Products <#0083307> *Marketplace* - Pacific Western Bank, Venture Banking Group <#ad797> - 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, March 23, 2023* *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 *Britive Finds $20.5M In Funding* <https://www.socaltech.com/fullstory/0083311.html> Los Angeles-based *Britive <https://www.britive.com>*, a developer of cloud identity security software, has raised $20.5M in a Series B funding, the company said this morning. The funding was led by Pelion Venture Partners, and also included Liberty Global Ventures and Crosslink Capital and One Way Ventures. Britive is led by CEO Art Poghosyan.(More... <https://www.socaltech.com/fullstory/0083311.html>) *SEC Charges Celebrities For Touting Crypto* <https://www.socaltech.com/fullstory/0083310.html> The Securities and Exchange Commission has charged eight celebrities--as well as a crypto entrepreneur--for illegally touting an unregistered offer and sale of two tokens. Celebrities charged in the scheme included Lindsay Lohan, Jake Paul, DeAndre Cortez Way (Soulja Boy), Austin Mahone, Michele Mason (Kendra Lust), Miles Parks McCollum (Lil Yachty), Shaffer Smith (Ne-Yo), and Aliaune Thiam (Akon). (More... <https://www.socaltech.com/fullstory/0083310.html>) *Relativity Space Launches First Rocket, But Fails To Reach Orbit* <https://www.socaltech.com/fullstory/0083309.html> Long Beach-based Relativity Space, a startup developing 3D-printed rockets, successfully launched its first rocket, but failed to reach orbit in its launch last night. Relativity Space launched its rocket from Florida, at Cape Canaveral Space Force Station, taking the rocket to Max-Q, the highest stress point in its launch. Howeer, immediately after the second stage separation, the company's 3D-printed rocket appeared to fail to fire. ( More... <https://www.socaltech.com/fullstory/0083309.html>) *Report: Virgin Orbit Looking To Raise $200M In Private Placement* <https://www.socaltech.com/fullstory/0083308.html> Mojave-based Virgin Orbit, the space launch company which is affiliated with Sir Richard Branson, is in talk to raise $200M in a private placement, according to a report from Reuters. The news agency said that the funding will come from venture investor Matthew Brown, according to a leaked term sheet. Virgin Orbit laid off all of its employees and paused operations last week. (More... <https://www.socaltech.com/fullstory/0083308.html>) *Agency Revolution Applies ChatGPT To Insurance Sales* <https://www.socaltech.com/fullstory/0083306.html> San Diego-based *Agency Revolution <https://www.agencyrevolution.com>* announced this morning that it has launched a new, AI-powered social media app to help its customers connect with consumers and business clients. According to the company, it has launched a new "mobile social selling solution" which allows insurance agents to automate the posting of "personalized social posts". The company said its new product will "automatically generate and personalize engaging posts".(More... <https://www.socaltech.com/fullstory/0083306.html>) *GoDocs Expands Document Automation Products* <https://www.socaltech.com/fullstory/0083307.html> Irvine-based GoDocs has rolled out an expansion of its product line, saying this morning that it has launched a new tool called C&IDocs, which provides document generation and automation for commercial and industrial loan documentation. The company claims its tool reduces the loan documentation process to just minutes from weeks. The company said its product can automate even complex loan structures that previously had to be handcrafted by attorneys. (More... <https://www.socaltech.com/fullstory/0083307.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. *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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