*socaltech.com <http://socaltech.com> TechNews - Thursday, May 25, 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 * - Virgin Galactic Launching First Spaceflight In Two Years <#0083448> - Report: Disney, Comcast Fight Over Hulu <#0083446> - Viasat Gets Nod From EC On Inmarsat Buy <#0083447> - Report: First Citizens Cuts 500 SVB Employees <#0083445> - PriceSpider Jumps Onto AI Bandwagon <#0083443> - Mapp Names Chief Product and Technology Head <#0083444> - Virgin Orbit's Assets To Go Rocket Lab, Stratolaunch, Vast <#0083442> *Marketplace* - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Pacific Western Bank, Venture Banking Group <#ad797> - Pixelgate.net - Internet Access, Web Hosting, Network Services <#ad796> *Thursday, May 25, 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 *Virgin Galactic Launching First Spaceflight In Two Years* <https://www.socaltech.com/fullstory/0083448.html> Virgin Galactic has launched its first spaceflight mission in two years, with hopes of sending four crew members to suborbital space today. According to the company, it will launch from its new facility in New Mexico, with hopes of starting regular, commercial missions in June. Virgin Galactic's space launch system includes a special launch carrier plane, the Virgin Mother Ship Eve, which launches a space vehicle called the Virgin Space Ship Unity. (More... <https://www.socaltech.com/fullstory/0083448.html>) *Report: Disney, Comcast Fight Over Hulu* <https://www.socaltech.com/fullstory/0083446.html> A report, published this week in the Wall Street Journal, looks into the fight between Disney and Comcast <https://www.wsj.com/articles/inside-disney-and-comcasts-fight-over-the-future-of-hulu-96a7aae6?mod=djemalertNEWS> over the Los Angeles-based streaming television service. According to the WSJ, Comcast has stopped funding Hulu while the two go through arbitration on ownership of Hulu.(More... <https://www.socaltech.com/fullstory/0083446.html>) *Viasat Gets Nod From EC On Inmarsat Buy* <https://www.socaltech.com/fullstory/0083447.html> Carlsbad-based satellite communications provider *Viasat <https://www.viasat.com>* announced this morning that it has received European Commission (EC) approval on its acquisition of *Inmarsat*. The company says it now expects the transaction to close by the end of the month. The deal is worth approximately $6 billion.(More... <https://www.socaltech.com/fullstory/0083447.html>) *Report: First Citizens Cuts 500 SVB Employees* <https://www.socaltech.com/fullstory/0083445.html> According to a report this morning, First Citizens Bancshares has laid off just under 500 Silicon Valley Bank employees--most of them in SVB's commercial banking business. According to Axios, none of the eliminated positions were "client facing" and did not include any India-based support staff. Silicon Valley Bank had an outsized presence in Southern California's technology sector, as it did with the entire technology and startup world. (More... <https://www.socaltech.com/fullstory/0083445.html>) *PriceSpider Jumps Onto AI Bandwagon* <https://www.socaltech.com/fullstory/0083443.html> Irvine-based *PriceSpider <https://www.pricespider.com>*, which develops tools to help brands drives sales online, says it has integrated OpenAI's ChatGPT into its offerings. According to the company, it has added new AI functionality in its "Where to Buy Shoppable Solutions", utilizing a plugin from OpenAI. The company said the tool will enabling users to customize select visual elements of Where to Buy modules using text input.(More... <https://www.socaltech.com/fullstory/0083443.html>) *Mapp Names Chief Product and Technology Head* <https://www.socaltech.com/fullstory/0083444.html> San Diego-based *Mapp <https://www.mapp.com>*, a developer of digital marketing tools, said this morning that it has named Eric Lubow as the company's new Chief Product & Technology Officer. Lubow was most recently VP of Engineering at Thrasio, and previously was a founder/CTO at HealthHive, Mymee, and SimpleReach.(More... <https://www.socaltech.com/fullstory/0083444.html>) *Virgin Orbit's Assets To Go Rocket Lab, Stratolaunch, Vast* <https://www.socaltech.com/fullstory/0083442.html> Mojave-based Virgin Orbit, the would-be space launch company which was using a modified 747 and a rocket launched from that 747 to develop a system to launch small satellites to space, has officially been sold--in pieces--to Rocket Lab, Stratolaunch, and Vast, as part of its bankruptcy auction. According to reports, the auction brought in about $36 million. Virgin Orbit filed for bankruptcy on April 4th. (More... <https://www.socaltech.com/fullstory/0083442.html>) *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 *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 ------------------------------ *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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