*socaltech.com <http://socaltech.com> TechNews - Thursday, April 13, 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 * - Report: WD Hackers Seeking Massive Ransom, Backend Systems Compromised <#0083362> - Alteryx Ventures Backs Fiddler <#0083360> - Altruist Raises $112M <#0083358> - Slingshot Aerospace Extends Sensor Network <#0083359> - Slickdeals: Most Americans Feel Secure On Banking <#0083361> - Upfront's Fuller Debuts Enterprise Software Community <#0083356> - Ferla Aims At Electric Cargo Bike Market <#0083354> - SecureAuth Names Execs <#0083353> - Cerebrum Launches Tire Sensor Tech <#0083355> - Levine Leichtman Company Makes Acquisition <#0083357> *Marketplace* - Accelerating Growth For Early Stage Innovation. <#ad764> - Pixelgate.net - Internet Access, Web Hosting, Network Services <#ad796> - Pacific Western Bank, Venture Banking Group <#ad797> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> *Thursday, April 13, 2023* *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]. *Report: WD Hackers Seeking Massive Ransom, Backend Systems Compromised* <https://www.socaltech.com/fullstory/0083362.html> New reports this morning say that hackers who took over a number of computer systems at Western Digital are demanding "minimum 8 figures" in ransom in order to not publish stolen data from the company. The hack--appears to have not just affected the company's "WD My Cloud" service, but the company's internal systems, including their email, code-signing certificate, internal files, and WD's SAP systems. Western Digital has significant operations in Irvine. (More... <https://www.socaltech.com/fullstory/0083362.html>) *Alteryx Ventures Backs Fiddler* <https://www.socaltech.com/fullstory/0083360.html> Irvine-based Alteryx, which develops cloud analytics software, said today that its venture arm, Alteryx Ventures, has made a strategic investment in Fiddler, a company developing AI and machine learning tools. Size of the investment was not announced. Fiddler is developing enterprise, machine learning tools aimed at improving enterprise operations. According to Alteryx, the investment in Fiddler will help customers "establish stronger governance and ethical AI practices. (More... <https://www.socaltech.com/fullstory/0083360.html>) *Altruist Raises $112M* <https://www.socaltech.com/fullstory/0083358.html> Los Angeles-based Altruist, which develops software for registered investment advisors (RIA), has raised $112M in a Series D funding, the company said on Wednesday. The funding was led by Insight Partners, and also included Adam Street Partners, along with existing investors Declaration Partners, Venrock, and Vanguard. The company also said industry angels Bill McNabb, Ron Carson, and Marty Bicknell also participated in the round. The company has now raised more than $290M in total. (More... <https://www.socaltech.com/fullstory/0083358.html>) *Slingshot Aerospace Extends Sensor Network* <https://www.socaltech.com/fullstory/0083359.html> El Segundo, California- and Austin, Texas-based satellite tracking system developer Slingshot Aerospace says it has extended its sensor network, and now has more than 200 sensors across 20 sites tracking low earth orbit (LEO) objects in space. The company's optical sensors are used to help determine where satellites and space junk might be orbiting the earth, in order to help avoid collisions with those orbiting objects. (More... <https://www.socaltech.com/fullstory/0083359.html>) *Slickdeals: Most Americans Feel Secure On Banking* <https://www.socaltech.com/fullstory/0083361.html> Los Angeles-based coupons- and deal-tracking website Slickdeals says that most Americans--despite the recent tech banking failures--are secure with their bank. According to the company, its survey, conducted by Suzy, found fifty-three percent of Americans feel "very secure" with their bank, and only 6 percent feel "insecure" about their bank. The company said it developed the survey, which talked to 1,300 U.S. adults. The company did not details its methodology in who it surveyed. (More... <https://www.socaltech.com/fullstory/0083361.html>) *Upfront's Fuller Debuts Enterprise Software Community* <https://www.socaltech.com/fullstory/0083356.html> Kobie Fuller, one of the Partners at Los Angeles-based Upfront Ventures, has rolled out a new "framework" aimed at helping to identify the traits behind successful enterprise software companies. According to Fuller, the new "community-driven framework" is called FABRIC. Fuller is now seeking companies which are seeking to "build better software, focusing on the human element that connects us all. (More... <https://www.socaltech.com/fullstory/0083356.html>) *Ferla Aims At Electric Cargo Bike Market* <https://www.socaltech.com/fullstory/0083354.html> Azusa-based Ferla Bikes said today that it has rolled out a new, electric cargo bike it calls the Lagom. According to the company, its cargo bike is aimed at "greener urban living", and is aimed at families, commuters, and others doing errands in town. Ferla says its bicycles are designed for "conscious-driven urban city millennials that are choosing different transportation methods than their parents' generation". (More... <https://www.socaltech.com/fullstory/0083354.html>) *SecureAuth Names Execs* <https://www.socaltech.com/fullstory/0083353.html> Irvine-based authentication and access management software developer SecureAuth said this morning that it has named two new executives at the company. According to SecureAuth, it has named Kelly Wenzel as Chief Customer Officer, and added Howard Greenfield to its Advisory Board. Wenzel was previously at Cornerstone OnDemand, and also has served at LinkedIn, Jobvite, Simply Hired and Odyssey Information Services. (More... <https://www.socaltech.com/fullstory/0083353.html>) *Cerebrum Launches Tire Sensor Tech* <https://www.socaltech.com/fullstory/0083355.html> Los Angeles-based *Cerebrum Sensor Technologies <https://www.cerebrumsensor.com>*, says it has launched its technology with vehicle and tire OEMs, using tire sensors to monitor pressure, temperature, tread health, load, alignment, and more in vehicles. The company claims its is using AI and ML algorithms couples with sensors to provide "advanced tire analytics."(More... <https://www.socaltech.com/fullstory/0083355.html>) *Levine Leichtman Company Makes Acquisition* <https://www.socaltech.com/fullstory/0083357.html> One of the portfolio companies of Los Angeles-based private equity investor Levine Leichtman has acquired another company. According to the firm, Technical Safety Services, one of its portfolio companies, has acquired Precision Air Technology, which is based in Morrisville, North Carolina. Financial terms of the buy were not announced. (More... <https://www.socaltech.com/fullstory/0083357.html>) *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 *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 *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. *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>* 4/13/23 Altruist <https://www.socaltech.com/intelligence/?action=showdeal&id=110844> Culver City $112.00 M 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 ------------------------------ *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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