*socaltech.com <http://socaltech.com> TechNews - Monday, June 12, 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 * - Blue Microphones Brand Being Phased Out <#0083482> - NanoImaging Services Scores Private Equity Funding <#0083478> - Hawke Media Buys Tribute Media <#0083480> - Marlin Equity Backs LineLeader <#0083481> - Philter Labs Gets $675K <#0083479> - Mosaic Adds $26M For AI Finance <#0083477> - Curri Slurps Up $42M <#0083476> - Flume Gets Private Equity Backing <#0083475> - Kate Therapeutics Raises $51M <#0083474> - Demand.io's SimplyCodes Plugs Into ChatGPT <#0083473> *Marketplace* - Accelerating Growth For Early Stage Innovation. <#ad764> - Pacific Western Bank, Venture Banking Group <#ad797> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Pixelgate.net - Internet Access, Web Hosting, Network Services <#ad796> *Monday, June 12, 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]. *Blue Microphones Brand Being Phased Out* <https://www.socaltech.com/fullstory/0083482.html> Blue Microphones, the consumer USB microphone brand which started in Westlake Village and was acquired in 2018, will be no more, according to Logitech. The consumer microphone maker, which was founded in 1995, was acquired in 2018 by Logitech for $117M. Blue Microphones built its business on USB microphones and the popularity of both audio and video podcasting. ( More... <https://www.socaltech.com/fullstory/0083482.html>) *NanoImaging Services Scores Private Equity Funding* <https://www.socaltech.com/fullstory/0083478.html> San Diego-based NanoImaging Services, a company which provides "cryo-electron" microscopy services to the pharmaceutical and biotechnology industries, says it has received a growth equity investment. Size of the investment was not announced. The private equity injection came from Ampersand Capital. The company said the new funding will go towards worldwide growth initiatives, including expanding microscope capacity and adding complementary services. (More... <https://www.socaltech.com/fullstory/0083478.html>) *Hawke Media Buys Tribute Media* <https://www.socaltech.com/fullstory/0083480.html> Santa Monica-based *Hawke Media <https://www.hawkemedia.com>* said late last week that it has acquired *Tribute Media*, a Meridian, Idaho web marketing agency. Financial details of the acquisition were not announced. Hawke Media said Tribute Media has been in the digital marketing area since 2007, having built more than 700 websites, among other web marketing services. Hawke Media claims it is now valued at over $150M; the company is led by CEO and Founder Erik Huberman.(More... <https://www.socaltech.com/fullstory/0083480.html>) *Marlin Equity Backs LineLeader* <https://www.socaltech.com/fullstory/0083481.html> Los Angeles-based private equity investor Marlin Equity said today that it has made a majority growth investment in a Texas-based company, LineLeader by ChildcareCRM. Financial details of that investment were not announced. LineLeader is a developer of software-as-a-service for the early childcare education market. Marlin Equity said that Growth Street Partners and other existing shareholders will retain a minority stake in the business following its investment. (More... <https://www.socaltech.com/fullstory/0083481.html>) *Philter Labs Gets $675K* <https://www.socaltech.com/fullstory/0083479.html> San Diego-based Philter Labs, which makes filters designed to capture harmful particulate matter from vape pens, says it has raised $1M AUD (approximately $675K US) as part of an ongoing $4M, Series A funding round. The company said the investment came from Atayf Investments Pty Ltd, as part of a round which is being led by Btomorrow Ventures, the venture capital arm of British American Tobacco. The company said it is working on technology which has the ability to "eliminate secondhand smoke". (More... <https://www.socaltech.com/fullstory/0083479.html>) *Mosaic Adds $26M For AI Finance* <https://www.socaltech.com/fullstory/0083477.html> San Diego-based *Mosaic <https://mosaic.tech>*, a company that is developing predictive artificial intelligence (AI) software for the financial planning industry, has raised $26M in a Series C funding round. The company said the funding was led by OMERS Ventures, and also included prior investors Founders Fund, General Catalyst, and Friends and Family Capital. Mosaic claims it is using AI to automate "tedious manual tasks".( More... <https://www.socaltech.com/fullstory/0083477.html>) *Curri Slurps Up $42M* <https://www.socaltech.com/fullstory/0083476.html> Los Angeles-based Curri, which provides industrial supply chain logistics, said this week that it has raised $42M in a Series B funding round. The funding was led by Bessemer Venture Partners, and also included Initialized Capital, Brick & Mortar Ventures, Rainfall Ventures, and others. Curri was co-founded by Matthew Lafferty and Brian Gonzalez. (More... <https://www.socaltech.com/fullstory/0083476.html>) *Flume Gets Private Equity Backing* <https://www.socaltech.com/fullstory/0083475.html> San Luis Obispo-based Flume has received a private equity investment from San Diego-based HCAP Partners, HCAP said on Thursday. Flume is a maker of smart water meter monitoring devices, which are used to measure how much water is being used by a household, and have are being widely used by water agencies to help encourage water conservation. Financial details of the investment were not announced. (More... <https://www.socaltech.com/fullstory/0083475.html>) *Kate Therapeutics Raises $51M* <https://www.socaltech.com/fullstory/0083474.html> San Diego-based Kate Therapeutics has raised $51M in a Series A funding round, the company announced this morning. The funding was co-led by Westlake Village BioPartners and Versant Ventures. According to the company, it is working on next generation genetic medicines for muscle and heart disease. The company is initially looking at addressing myotonic dystrophy type 1 and facioscapulohumeral muscular dystrophy. The funding also included Osage University Partners and UF Innovate | Ventures. (More... <https://www.socaltech.com/fullstory/0083474.html>) *Demand.io's SimplyCodes Plugs Into ChatGPT* <https://www.socaltech.com/fullstory/0083473.html> Los Angeles-based coupon site SimplyCodes--which is run by LA startup accelerator Demand.io, says it has launched a new ChatGPT artificial intelligence (AI) plugin. According to the company, the new platform uses ChatGPT to provide real time discount and shopping assistance. Users can use ChatGPT to find discounts and coupons at over 300,000 U.S. retailers. Demand. (More... <https://www.socaltech.com/fullstory/0083473.html>) *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 *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. *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. 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