*socaltech.com <http://socaltech.com> TechNews - Monday, June 5, 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 * - Sensydia Gets $3M In NIH Grant <#0083466> - Avem Partners Acquires Astech Engineered Products <#0083467> - Rocket Lab Slips Venus Launch <#0083465> - Galvanick Finds $10M For Cybersecurity Efforts <#0083464> - Fisker Plans to Start Deliveries On June 19th <#0083463> - Pixxel Finds $36M For Hyperspectral Satellites <#0083462> *Marketplace* - 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> - Accelerating Growth For Early Stage Innovation. <#ad764> *Monday, June 5, 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]. *Sensydia Gets $3M In NIH Grant* <https://www.socaltech.com/fullstory/0083466.html> Los Angeles-based Sensydia, a company working on non-invasive cardiac diagnostics, said this morning that it has received $3M in a NIH grant. According to the company, the funding came in the form of a Fast-Track Small Business grant from the National Heart, Lung, and Blood Institute (NHLBI), part of the National Institutes of Health (NIH). The company is working on artificial intelligence (AI) driven cardiac assessment. (More... <https://www.socaltech.com/fullstory/0083466.html>) *Avem Partners Acquires Astech Engineered Products* <https://www.socaltech.com/fullstory/0083467.html> Los Angeles-based private equity investor Avem Partners said this morning that it has acquired Astech Engineered Products, a developer of aerospace solutions. Financial details of the acquisition were not announced. According to Avem Partners, Astech is a supplier of welded honeycomb metallic aerostructures used in the global aerospace and defense industry. Avem Partners is a private equity firm focused on lower middle market aerospace and industrial investments. (More... <https://www.socaltech.com/fullstory/0083467.html>) *Rocket Lab Slips Venus Launch* <https://www.socaltech.com/fullstory/0083465.html> Los Angeles-based Rocket Lab has slipped its original launch date for an attempt to send a space probe to the planet of Venus. According to TechCrunch, the mission--originally scheduled to launch last month--is now likely to not launch earlier than January 2025. (More... <https://www.socaltech.com/fullstory/0083465.html>) *Galvanick Finds $10M For Cybersecurity Efforts* <https://www.socaltech.com/fullstory/0083464.html> Los Angeles-based Galvanick said Thursday that it has raised $10M in a seed funding round, for its efforts to protect industrial infrastructure against cyber attacks. The startup said the round included MaC Venture Capital, Founders Fund, Village Global, Countdown Capital, Hanover Technology Investment Management, Shrug Capital, 8090 Industries, and over 25 angel investors. The startup is led by co-founder Joshua Steinman. (More... <https://www.socaltech.com/fullstory/0083464.html>) *Fisker Plans to Start Deliveries On June 19th* <https://www.socaltech.com/fullstory/0083463.html> Los Angeles-based electric vehicle company Fisker Iinc. said on Thursday that it plans to start volume deliveries of its Fisker Oean EV to customers the week of June 19th. The company said its vehicle has an EPA estimated total range of 360 miles, and is now approved for sale and delivery in all 50 states and the District of Columbia. (More... <https://www.socaltech.com/fullstory/0083463.html>) *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>) *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 *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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