*socaltech.com <http://socaltech.com> TechNews - Wednesday, April 19, 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 * - Snapchat+ Hits 3 Million Subscribers <#0083374> - Third Way Health Gets $1.55M <#0083372> - EcoFlow Debuts New Products <#0083373> - Faraday Future Rolls Out First Production Build <#0083371> - Sonos Launches Commercial Music Effort <#0083369> - Semtech Names New Board Members <#0083370> - Epic Sciences Finds $24M <#0083368> *Marketplace* - 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> *Wednesday, April 19, 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. *Snapchat+ Hits 3 Million Subscribers* <https://www.socaltech.com/fullstory/0083374.html> Venice, California-based Snapchat has just hit 3 million subscribers on its new, subscription service, Snapchat+, which gives users some additional benefits, like "priority comments" and other subscriber-only features. The company reached 2 million users in January. The new subscription service is part of a trend of social networking companies adding premium features, as they look to diversify from solely relying on advertising. (More... <https://www.socaltech.com/fullstory/0083374.html>) *Third Way Health Gets $1.55M* <https://www.socaltech.com/fullstory/0083372.html> Los Angeles-based *Third Way Health <https://thirdway.health>*, a company developing medical practice front office software, has raised $1.55M in a pre-seed funding. The funding came from Apollo Medical Holdings (ApolloMed). The company says it is developing front office software which reduces the administrative burden of medical practices. The company's co-founder and CEO is Frederik Mueller.(More... <https://www.socaltech.com/fullstory/0083372.html>) *EcoFlow Debuts New Products* <https://www.socaltech.com/fullstory/0083373.html> Los Angeles-based EcoFlow, which develops battery-powered devices for the consumer market, says it has rolled out three new products. According to the company, it has rolled out a robotic "lawn-sweeping mower" called the EcoFlow BLADE, a portable refrigerator called the EcoFlow GLACIER, and a portable AC and heater called the EcoFlow WAVE 2. Among the various features in its new devices, the company said its lawnmower has 4G and eSIM so users can track its exact location. (More... <https://www.socaltech.com/fullstory/0083373.html>) *Faraday Future Rolls Out First Production Build* <https://www.socaltech.com/fullstory/0083371.html> Los Angeles-based Faraday Future rolled out its very first production car on Monday at its factory in Hanford, California. The company said the first "off-the-line complete production vehicle" verifies its production and system processes, and that it will start producing new production vehicles, as of Monday. (More... <https://www.socaltech.com/fullstory/0083371.html>) *Sonos Launches Commercial Music Effort* <https://www.socaltech.com/fullstory/0083369.html> Sana Barbara-based Sonos its extending its efforts into the commercial audio space, with a new product called Sonos Pro. According to the company, the new service lets restaurants, bars, retail stores, and other businesses play music--legally--in public spaces. The company said its new service works with its existing S2-compatible speakers and systems. (More... <https://www.socaltech.com/fullstory/0083369.html>) *Semtech Names New Board Members* <https://www.socaltech.com/fullstory/0083370.html> Camarillo-based semiconductor developer Semtech Corporation announced this morning that it has added two new members to its board of directors. The company said it added Gregory M. Fischer and Paul V. Walsh, Jr. to the body. Fischer was most recently Senior Vice President and General Manager at Broadcom, and also had served at Conexant Systems Inc., Rockwell International Corporation, and Rockwell Collins Avionics Co. (More... <https://www.socaltech.com/fullstory/0083370.html>) *Epic Sciences Finds $24M* <https://www.socaltech.com/fullstory/0083368.html> San Diego-based *Epic Sciences <https://www.epicsciences.com>* has raise $24M in a Series G funding, the company said last week. According to the company, the funding was co-led by Deerfield Management and Arsenal Capital Partners, and also included Blue Ox Healthcare Partners, Domain Ventures, and Labcorp. The company says funds will go towards the commercial launch for its blood-based biopsy result for patients with metastatic breast cancer.(More... <https://www.socaltech.com/fullstory/0083368.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 *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>* 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). 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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