*socaltech.com <http://socaltech.com> TechNews - Tuesday, June 27, 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 * - Joyful Ventures Raises $23M Venture Fund <#0083510> - Jointly Jumps On AI Bandwagon <#0083511> - Activision Hit By DDoS Attacks <#0083512> - Zest AI Launches New Tool <#0083508> - EVOTEK Buys AVTECH Integration <#0083509> - AdvisorCheck Scores $1.8M <#0083507> - Rivian Buys Swedish Mapping Company <#0083505> *Marketplace* - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - Pacific Western Bank, Venture Banking Group <#ad797> - Pixelgate.net - Internet Access, Web Hosting, Network Services <#ad796> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> *Tuesday, June 27, 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 *Joyful Ventures Raises $23M Venture Fund* <https://www.socaltech.com/fullstory/0083510.html> Los Angeles-based Joyful Ventures has raised a new, $23M venture capital fund, focused on "sustainable protein", the firm announced this morning. Joyful Venture said it is a climate venture fund aimed at propelling the "sustainable protein sector", and is looking at investing in startups who are developing plant-based, precision fermentation, mycoproteins, molecular agriculture, and cultivated technologies, with a strong focus on B2B. ( More... <https://www.socaltech.com/fullstory/0083510.html>) *Jointly Jumps On AI Bandwagon* <https://www.socaltech.com/fullstory/0083511.html> Los Angeles-based cannabis software developer *Jointly <https://jointlybetter.com>* says it has launched a new, artificial intelligence based product which helps "people find success with cannabis." In a sign of the ubiquitous adoption of AI, the company said it has created a "chatbot" which uses articles in its magazine to help people with "purposeful cannabis consumption".(More... <https://www.socaltech.com/fullstory/0083511.html>) *Activision Hit By DDoS Attacks* <https://www.socaltech.com/fullstory/0083512.html> Santa Monica-based *Activision <https://www.activision.com>* was hit by a major distributed denial-of-service (DDoS) attack over the weekend, which took down games such as Diablo IV <https://kotaku.com/diablo-4-ddos-attack-server-status-what-is-blizzard-rpg-1850574778>. It's unclear who was behind the attacks, however, DDoS attacks are not uncommon among the online gaming community.(More... <https://www.socaltech.com/fullstory/0083512.html>) *Zest AI Launches New Tool* <https://www.socaltech.com/fullstory/0083508.html> Los Angeles-based *Zest AI <https://www.zest.ai>*, which develops artificial intelligence-based tools for automated credit underwriting, says it has launched a new product. The company said its new Zest AI FairBoost tool provides "fairer, clearer credit underwriting" to financial institutions. The company said the company's technology allows its users to "more effective search" for less descriminatory alternatives (LDAs).(More... <https://www.socaltech.com/fullstory/0083508.html>) *EVOTEK Buys AVTECH Integration* <https://www.socaltech.com/fullstory/0083509.html> Solana Beach-based *EVOTEK <https://www.evotek.com>* said today that it has acquired *AVTECH Integrations*, a company that provides video communications services. Financial details of the acquisition were not announced. EVOTEK is led by CEO and Founder Cesar Enciso. The company provides IT advisory services.(More... <https://www.socaltech.com/fullstory/0083509.html>) *AdvisorCheck Scores $1.8M* <https://www.socaltech.com/fullstory/0083507.html> Los Angeles- and New Jersey-based AdvisorCheck, a startup which is developing a service to help with financial advisor monitoring and background checks, said this week that it has raised $1.8M in a seed funding round. The company said its platform lets users locate and search for information on any financial advisor in the United States. (More... <https://www.socaltech.com/fullstory/0083507.html>) *Rivian Buys Swedish Mapping Company* <https://www.socaltech.com/fullstory/0083505.html> Irvine-based Rivian Automotive, which develops electric vehicles, said this week that it has acquired Swedish mapping company Iternio. Iternio is the maker of the 'A Better Routeplanner' (ABRP) app. Financial details of the buy were not announced. The route planning app is used by electric vehicle (EV) owners to plan out their routes and charging stops. (More... <https://www.socaltech.com/fullstory/0083505.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]. *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 *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 ------------------------------ *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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