*socaltech.com <http://socaltech.com> TechNews - Friday, March 31, 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 * - EVCS Partners With ChargeHub <#0083330> - Rose Health Wins Spot At AWS Healthcare Accelerator <#0083329> - Soylent Expands Distribution Through Meijer <#0083328> - Canoo Settles SEC Charges <#0083331> - Report: Virgin Orbit Ceasing All Operations <#0083327> - ecoATM Gazelle Finds $50M More <#0083323> *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> *Friday, March 31, 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 *EVCS Partners With ChargeHub* <https://www.socaltech.com/fullstory/0083330.html> Arcadia, California-based EVCS, which operates an electric vehicle fast charging network, says it is partnering with ChargeHub, to expand its network. According to EVCS, it will use ChargeHub's platform to enable roaming for EV charging on its West Coast charging network. Financial details of the arrangement were not announced. EVCS says it is backed by $68.8M in Series A funding it received last year. The company is led by CEO Gustavo Occhiuzzo. (More... <https://www.socaltech.com/fullstory/0083330.html>) *Rose Health Wins Spot At AWS Healthcare Accelerator* <https://www.socaltech.com/fullstory/0083329.html> Thousand Oaks-based Rose Health, a subsidiary of Precise Behavioral, has scored a spot at the AWS Healthcare Accelerator, a startup accelerator program run by Amazon Web Services. According to Precise Behavioral, Rose Health will participate in the AWS Healthcare Accelerator: Global Cohort for Workforce, a four week mentorship program for users seeking to use AWS to improve healthcare workforce training, retention, and deployment. ( More... <https://www.socaltech.com/fullstory/0083329.html>) *Soylent Expands Distribution Through Meijer* <https://www.socaltech.com/fullstory/0083328.html> Los Angeles-based all-in-one nutrition shake maker Soylent says it is expanding distribution of its product, in a deal with major grocery store chain Meijer. According to Soylent, Meijer will offer up its products in 260 Midwest stores. Soylent says the deal further expands its distribution, which also includes Walmart, Target, and HEB. Soylent says its product "provide the perfect amount of vitamins, minerals, fats, carbohydrates and protein that the body needs - all in one convenient package. (More... <https://www.socaltech.com/fullstory/0083328.html>) *Canoo Settles SEC Charges* <https://www.socaltech.com/fullstory/0083331.html> Canoo, the electric vehicle company which fled Los Angeles for Arkansas in 2021, and then went public via a SPAC, has settled with the SEC over an investigation into the company. The company had $33.6M in cash at the end of 2022, but apparently had a net loss of $487.7M for the entire year, and is still pre-revenue. The company has yet to deliver a production vehicle. ( More... <https://www.socaltech.com/fullstory/0083331.html>) *Report: Virgin Orbit Ceasing All Operations* <https://www.socaltech.com/fullstory/0083327.html> A new report says that Mojave-based Virgin Orbit, the space launch operation backed by Sir Richard Branson, is ceasing all of its operations and laying off 90% of its staff. The report, from CNBC, cited the audio of an "all-hands" employee meeting that was held on Thursday afterrnoon. The move comes after Virgin Orbit apparently failed to secure additional funding to keep the company operating. (More... <https://www.socaltech.com/fullstory/0083327.html>) *ecoATM Gazelle Finds $50M More* <https://www.socaltech.com/fullstory/0083323.html> San Diego-based ecoATM Gazelle, which operates a network of kiosks which people use to trade in obsolete smartphones and mobile devices, says it has raised $50M more in a new "growth equity" funding round. The company said the investment came from its existing investors. Names of the investors participating in the funding were not announced. ecoATM is led by CEO Stan Pavlovsky. (More... <https://www.socaltech.com/fullstory/0083323.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 ------------------------------ *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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