*socaltech.com <http://socaltech.com> TechNews - Tuesday, May 16, 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 * - Sunstone Awards $35K To USC Students In Venture Competition <#0083427> - TuSimple Avoids Delisting, For Now <#0083426> - InPlay Connects With NXP <#0083425> - Jurny Joins AI Rush With Property Management Tools <#0083424> - Tealium Names EMEA Sales Head <#0083423> - BlackLine Expands In Asia-Pacific <#0083422> - Transphorm Names Co-Founder As New President, CEO <#0083421> - Grindr Launches New Web UI <#0083419> - Scientist.com Acquires Labs Explorer <#0083420> - EU Expected To Clear Activision/Microsoft Deal Next Week <#0083418> *Marketplace* - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Pixelgate.net - Internet Access, Web Hosting, Network Services <#ad796> - Pacific Western Bank, Venture Banking Group <#ad797> - Accelerating Growth For Early Stage Innovation. <#ad764> *Tuesday, May 16, 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]. *Sunstone Awards $35K To USC Students In Venture Competition* <https://www.socaltech.com/fullstory/0083427.html> Irvine-based private equity investor Sunstone Management says it has awarded $35,000 to the winning team in a competition at the University of Southern California, as part of a venture funding competition. According to the firm, it awarded the $35,000 Sunstone Prize on April 27th to a team at the USC Marshall Greif Center's New Venture Seed Competition. Sunstone says it is in a five year agreement with the USC Marshall School of Business, with a commitment of $175,000. (More... <https://www.socaltech.com/fullstory/0083427.html>) *TuSimple Avoids Delisting, For Now* <https://www.socaltech.com/fullstory/0083426.html> San Diego-based autonomous trucking technology developer *TuSimple <https://www.tusimple.com>* is avoiding delisting--for now--even as the company continues to struggle. According to TuSimple, the company has received a stay of the company's suspension <https://techcrunch.com/2023/05/15/tusimple-gets-temporary-reprieve-from-nasdaq-delisting/> and is in appeal, staving off the delisting of the company's stock yesterday.(More... <https://www.socaltech.com/fullstory/0083426.html>) *InPlay Connects With NXP* <https://www.socaltech.com/fullstory/0083425.html> Irvine-based InPlay, a developer of wireless systems-on-a-chip (SoCs), says it is in a "strategic collaboration" with NXP Semiconductors. According to the company, it will incorporate NXP's 3-axis accelerometers, magnetic switch and pressure sensors in a "collaboration". InPlay's Bluetooth Low Energy (BLEs) are used for implementing wireless communications in the VR/AR, healthcare, and IoT markets. Financial details on the link between the companies was not announced. (More... <https://www.socaltech.com/fullstory/0083425.html>) *Jurny Joins AI Rush With Property Management Tools* <https://www.socaltech.com/fullstory/0083424.html> Los Angeles-based Jurny, which develops software for the short-term rental market, has joined in the rush to include artificial intelligence into its products. According to the company, it has launched JurnyOS 2.0, which it says is "powered by GPT-4" and features generative AI tools, which help its customers automate tasks and enhance customer service. (More... <https://www.socaltech.com/fullstory/0083424.html>) *Tealium Names EMEA Sales Head* <https://www.socaltech.com/fullstory/0083423.html> San Diego-based tag management software developer Tealium says it has named a Rob Coyne as the company's new Senior Vice President and Managing Director of its EMEA region. The company said Coyne previously had worked at Hootsuite and Kenshoo. Coyne was most recently Chief Revenue Officer at Thunderhead. The company said Coyne will lead its sales and solution teams across Austria, France, Germany, Italy, the Netherlands, Poland, Spain, UAE, and the UK. (More... <https://www.socaltech.com/fullstory/0083423.html> ) *BlackLine Expands In Asia-Pacific* <https://www.socaltech.com/fullstory/0083422.html> Los Angeles-based accounting automation software developer BlackLine announced this morning that it is expanding in the Asia-Pacific region, and has opened up a new office and data center in Sydney, Australia. According to the company, as part of its expansion, it has named Rosie Cairnes as the company's Regional Vice President of Account Management in the region; she previously served at SmartForce, SAI Global, and SkillSoft. (More... <https://www.socaltech.com/fullstory/0083422.html>) *Transphorm Names Co-Founder As New President, CEO* <https://www.socaltech.com/fullstory/0083421.html> Goleta-based Transphorm said this morning that it has named Dr. Primit Parikh as its President and Chief Executive Officer. Parikh is one of Transphorm's founders. The company said Dr. Parikh replaces Maria Rivas, who has been CEO since February of 2020, Chair of the board since May 2022, and was CEO of subsidiary Transphorm Technology since October of 2015. Rivas says he is retiring. Transphorm has also appointed Dr. Umesh Mishra, the company's other founder, as Chairman. (More... <https://www.socaltech.com/fullstory/0083421.html>) *Grindr Launches New Web UI* <https://www.socaltech.com/fullstory/0083419.html> Los Angeles-based LGBTQ dating and hookup app Grindr said on Wednesday that has launched a new, beta web-based UI, which allows users to use a browser instead of an app. The company said the benefit of the web-based version includes bigger photos and makes it easier to chat with other users. The company said that Grindr Web Beta is the company's "first new technology platform in years. (More... <https://www.socaltech.com/fullstory/0083419.html>) *Scientist.com Acquires Labs Explorer* <https://www.socaltech.com/fullstory/0083420.html> San Diego-based *Scientist.com <https://www.scientist.com>*, which operates what it calls a "preclinical research marketplace for the biopharma sector", says it has acquired a French company called *Labs Explorer*. According to the company, Labs explorer connects European research labs, scientific professionals, and innovative startups. Financial details of the acquisition were not announced.(More... <https://www.socaltech.com/fullstory/0083420.html>) *EU Expected To Clear Activision/Microsoft Deal Next Week* <https://www.socaltech.com/fullstory/0083418.html> A report from Reuters says that the European Union is expected to clear the acquisition of Santa Monica-based Activision by Microsoft for $69 billion. It's unclear what this means for the deal, which was blocked by the UK three weeks ago, with that decision being appealed by Microsoft. (More... <https://www.socaltech.com/fullstory/0083418.html>) *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 *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. *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 ------------------------------ *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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