*socaltech.com <http://socaltech.com> TechNews - Thursday, June 1, 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 * - Pixxel Finds $36M For Hyperspectral Satellites <#0083462> - CoreLogic: Climate Change Influenced Hurricane Season Threatens 33M Homes <#0083461> - Soul Machines Launches Generative AI Features <#0083460> - Measurabl Snags $93M For Carbon Footprint Management <#0083459> - Report: Ring To Pay $5.8M For Mishandling Videos <#0083458> - Faraday Future Jumps On AI Craze <#0083457> *Marketplace* - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - Pixelgate.net - Internet Access, Web Hosting, Network Services <#ad796> - Pacific Western Bank, Venture Banking Group <#ad797> *Thursday, June 1, 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 *Pixxel Finds $36M For Hyperspectral Satellites* <https://www.socaltech.com/fullstory/0083462.html> Los Angeles- and Bangalore, India-based Pixxel announced this morning that it has raised $36M in a Series B funding round. The funding came from Google, plus existing investors Radical Ventures, Lightspeed, Blume Ventures, growx, Sparta and Athera. The company said it is working on building a consteallation of high resolution hyperspectral satellites, aimed at monitoring emissions, water pollution, gas leaks, oil spills, soil composition, forest biodiversity and crop health. (More... <https://www.socaltech.com/fullstory/0083462.html>) *CoreLogic: Climate Change Influenced Hurricane Season Threatens 33M Homes* <https://www.socaltech.com/fullstory/0083461.html> Irvine-based CoreLogic, which provides property data, said that it has calculated that 33 million U.S. properties are at risk of hurricane-force wind damage, as a climate-change influenced hurricane season kicks off. The company said high-risk areas include the metro areas of New York City, Houston and Miami/Ft. Lauderdale. CoreLogic said climate change is expected to alter hurricane activity, intensifying related risks across U.S. coastal counties; it also calculated $11. (More... <https://www.socaltech.com/fullstory/0083461.html>) *Soul Machines Launches Generative AI Features* <https://www.socaltech.com/fullstory/0083460.html> Los Angeles-based Soul Machines announced on Wednesday that it has launched a new product, which provides "hyper-realistic, autonomously animated" AI-created "digital people" for brands and celebrities. The company said its tools allows for the creation of a customized "Digital Person" which can "engage and respond in real time by simulating human behavior", and is now integrated with OpenAI's ChatGPT. (More... <https://www.socaltech.com/fullstory/0083460.html>) *Measurabl Snags $93M For Carbon Footprint Management* <https://www.socaltech.com/fullstory/0083459.html> San Diego-based Measurabl, which develops software used by real estate managers to manage the carbon footprint of their properties, has raised $93M in a fourth round of funding, the company said this week. The funding came from Energy Impact Partners and Sway Ventures, plus Moderne Ventures, WVV, Suffolk Construction, Broadscale, Camber Creek, Salesforce Ventures, Building Ventures, Constellation Technology Ventures, Concrete Ventures, RET Ventures, Colliers and Lincoln Property Co. (More... <https://www.socaltech.com/fullstory/0083459.html>) *Report: Ring To Pay $5.8M For Mishandling Videos* <https://www.socaltech.com/fullstory/0083458.html> Santa Monica-based Ring--now part of Amazon--will pay $5.8 million in a fine, for mishandling customer videos. The payment is part of a settlement between Amazon and the U.S. FTC. According to reports, Ring's lax controls on video access gave hundreds of employees and contractors were ability to view, download, and transfer customers’ sensitive video data for their own purpose, including Ring employees accessing "private Ring videos of women", with spying going on for months. (More... <https://www.socaltech.com/fullstory/0083458.html>) *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>) *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]. *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. ------------------------------ *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
