*socaltech.com <http://socaltech.com> TechNews - Thursday, June 22, 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 * - Kibsi Sees $9.3M For AI Computer Vision <#0083504> - Hypar Raises $5.5M <#0083503> - PROTOSTAR, Backed By Idealab, Launches AI Powered Energy Consulting <#0083502> - BetterBrand Raises $6M In Series A <#0083501> - Report: Amazon Insists Striking Drivers, Dispatchers Not Employees <#0083499> - TuSimple Runs Driverless Test In China <#0083498> *Marketplace* - Pixelgate.net - Internet Access, Web Hosting, Network Services <#ad796> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> *Thursday, June 22, 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]. *Kibsi Sees $9.3M For AI Computer Vision* <https://www.socaltech.com/fullstory/0083504.html> Irvine-based Kibsi, a computer developing AI-powered computer vision tools, says it has raised $9.3M in a Series A funding. The funding came from GTMfund, NTTVC, Preface Ventures, Ridge Ventures, Secure Octane, and Wipro Ventures. According to Kibsi, it has developing a "no-code, drag-and-drop ecosystem that converts existing security footage" into data, for example, determining the exact number of passengers who passed through security checks at an airport. (More... <https://www.socaltech.com/fullstory/0083504.html>) *Hypar Raises $5.5M* <https://www.socaltech.com/fullstory/0083503.html> Los Angeles-based *Hypar <https://hypar.io>*, a developer of cloud-based, design automation software for buildings, says it has raised $5.5M in a Series A funding round. The funding was led by Brick & Mortar Ventures, and also included Building Ventures. The company said it was founded by Ian Keough and Anthony Hauck; both founders previously worked at Autodesk.( More... <https://www.socaltech.com/fullstory/0083503.html>) *PROTOSTAR, Backed By Idealab, Launches AI Powered Energy Consulting* <https://www.socaltech.com/fullstory/0083502.html> Los Angeles-based PROTOSTAR, a new, AI-driven consulting company in the energy sector, has launched, backed by startup incubator Idealab. According to PROTOSTAR, the company is using generative AI, which will provide consulting services to "drive sustainable and equitable energy transition" with a focus on helping the world transition to a low-carbon economy. The company said it was founded by Daniel Alvarez. (More... <https://www.socaltech.com/fullstory/0083502.html>) *BetterBrand Raises $6M In Series A* <https://www.socaltech.com/fullstory/0083501.html> Los Angeles-based BetterBrand announced this morning that it has raised $6M in a Series A funding round. The company said the funding was led by VERSO Capital, and also included Gaingels Fund, Alexis Ohanian’s Seven Seven Six, and Craft Lane, along with angels Kyle Vogt (Cruise), Chris Hollod, Jeff and Glenne Azoff, Sean Thomas (Wendy's), plus actors Patrick Schwarzenegger and Emmy Rossum. The company said the funding round gave it a pre-money valuation of $170M. (More... <https://www.socaltech.com/fullstory/0083501.html>) *Report: Amazon Insists Striking Drivers, Dispatchers Not Employees* <https://www.socaltech.com/fullstory/0083499.html> *Amazon <https://www.amazon.com>* insists striking drivers and dispatchers who deliver products for the company in Palmdale don't really work for Amazon, but just deliver products for Amazon. 84 striking workers walked out on Thursday, saying the need better pay and improved safety conditions, after organizing with the Teamsters.(More... <https://www.socaltech.com/fullstory/0083499.html>) *TuSimple Runs Driverless Test In China* <https://www.socaltech.com/fullstory/0083498.html> San Diego-based TuSimple, the troubled self-driving company which recently made some drastic cuts to its staff, has run another test of its self-driving vehicles--without any backup driver in the cab. In a video released by the company, TuSimple showed off what it says was the first test of an automonous semi-truck on public roads, without a human in the vehicle and without human intervention. (More... <https://www.socaltech.com/fullstory/0083498.html>) *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 *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 *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]. ------------------------------ *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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