*socaltech.com <http://socaltech.com> TechNews - Wednesday, May 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 * - Faraday Future Jumps On AI Craze <#0083457> - Selva Ventures Raises $34M For Consumer Brand Investments <#0083455> - Hawke Media Acquires Leverage Marketing <#0083454> - MEI Pharma Target Of Hostile Takeover <#0083456> - Oblong Names New Directors <#0083453> - Sonos Wins $32.5M In Patent Battle With Google <#0083452> *Marketplace* - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Pixelgate.net - Internet Access, Web Hosting, Network Services <#ad796> *Wednesday, May 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 *Faraday Future Jumps On AI Craze* <https://www.socaltech.com/fullstory/0083457.html> Los Angeles-based Faraday Future is jumping on the artificial intelligence (AI) craze, saying it is launching an "AI-powered" effort it for its FF 91 vehicle, which it calls the "Ultimate AI TechLuxury FF 91 2.0 Futurist Alliance". In a buzzword-packed release, the company said the new AI product features "Magic All-In-One", "Hyper Multi-Vectoring", "aiDriving", and the "3rd aiSpace", all somehow involving artificial intelligence. ( More... <https://www.socaltech.com/fullstory/0083457.html>) *Selva Ventures Raises $34M For Consumer Brand Investments* <https://www.socaltech.com/fullstory/0083455.html> Los Angeles-based Selva Ventures announced this morning that it has raised $34M in a second fund, which it will use to invest in "consumer brands that promote healthier living". According to the firm, its backers include Unilever Ventures, PagsGroup, and Obelysk. The company said it is investing in emerging companies across the health, wellness, beauty, and personal care. The venture capital firm's first fund was worth $10M, and was raised in 2019. (More... <https://www.socaltech.com/fullstory/0083455.html>) *Hawke Media Acquires Leverage Marketing* <https://www.socaltech.com/fullstory/0083454.html> Santa Monica-based *Hawke Media <https://www.hawkemedia.com>* announced on Tuesday afternoon that it has acquired *Leverage Marketing*, a digital marketing agency. Financial details of the acquisition were not announced. Hawke Media said that Leverage Marketing's clients have included Berkshire Hathaway, GORUCK, Belle Medical, and Brett Robinson Vacation Rentals.( More... <https://www.socaltech.com/fullstory/0083454.html>) *MEI Pharma Target Of Hostile Takeover* <https://www.socaltech.com/fullstory/0083456.html> San Diego-based MEI Pharma said late Tuesday that it has received an "unsolicited acquisition proposal", from a group Anson Advisors Inc. and Cable Car Capital LLC. According to the company, those parties offered to acquire all outstanding shares of the firm--which trades on the NASDAq as MEIP--for "not less than $8.00 per share, plus a contingent value right representing the right to receive 80% of the net proceeds payable from any license or disposition of the Company’s clinical assets. (More... <https://www.socaltech.com/fullstory/0083456.html>) *Oblong Names New Directors* <https://www.socaltech.com/fullstory/0083453.html> Los Angeles-based Oblong--which makes high tech, user interface and collaboration hardware and software--said today that it has named two new directors to the company's Board of Directors. The company said it has added Jonathan Schechter, Partner, The Special Equities Group, and Robert Weinstein, Chief Financial Officer, Synaptogenix to its board. The two replace Jim Lusk and Matthew Blumberg, who the company says have retired from the Oblong board. (More... <https://www.socaltech.com/fullstory/0083453.html>) *Sonos Wins $32.5M In Patent Battle With Google* <https://www.socaltech.com/fullstory/0083452.html> Goleta-based whole home music system developer Goleta scored a major patent win on Friday, after the company won $32.5M from Google. The win came after a jury trial in California federal court. Sonos had said that Google had "blatantly and knowingly" copied features from Sonos for its Google Home speaker. (More... <https://www.socaltech.com/fullstory/0083452.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 *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. All rights reserved. socalTECH.com - Dedicated to High Tech in Southern California http://www.socaltech.com/ SOCALTECH LLC 4607 Lakeview Canyon Road, Suite 290, Westlake Village, CA 91361
_______________________________________________ Socaltech mailing list [email protected] http://listserv.socaltech.com/mailman/listinfo/socaltech
