*socaltech.com <http://socaltech.com> TechNews - Wednesday, July 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 * - Amazon Deploys Rivian Electric Delivery Vans In Europe <#0083522> - Fisker Teases Ronin GT <#0083521> - HCAP Partners Backs PACIV <#0083520> - GoGuardian Names New Execs <#0083519> - Report: Snapchat Now At 4 Million Paid Subscribers <#0083518> - TuSimple Aims To Sell US Business <#0083517> *Marketplace* - Accelerating Growth For Early Stage Innovation. <#ad764> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Pacific Western Bank, Venture Banking Group <#ad797> *Wednesday, July 5, 2023* *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 *Amazon Deploys Rivian Electric Delivery Vans In Europe* <https://www.socaltech.com/fullstory/0083522.html> Amazon has deployed its very first electric delivery vans from Irvine-based Rivian in Europe, Amazon announced over the long weekend. According to Amazon, it will roll out more than 300 new electric vans from Rivian in Germany, the first from Rivian in Europe. Amazon said those vans will run in Munich, Berlin, and Dusseldorf. Amazon says it is already operating more than 3,000 vans from Rivian delivering packages in 500 U.S. cities and regions. (More... <https://www.socaltech.com/fullstory/0083522.html>) *Fisker Teases Ronin GT* <https://www.socaltech.com/fullstory/0083521.html> Los Angeles-based electric vehicle maker Fisker says it will be unveiling its Fisker Ronin convertible EV on August 3rd, showing off a view of the vehicle on Instagram over the weekend. The new vehicle will have a 600 mile range, and is being marketed as a "long-distance Grand Touring car". ( More... <https://www.socaltech.com/fullstory/0083521.html>) *HCAP Partners Backs PACIV* <https://www.socaltech.com/fullstory/0083520.html> San Diego-based private equity investor *HCAP Partners* said this morning that it has made an investment in *PACIV*, a provider of industrial automation solutions. Financial deatils of the investment were not announced. HCAP Partners said PACIV is a provider of instrumentation, control systems, and regulatory compliance services to manufacturers in the biotechnology, pharmaceutical, medical device, and related industries.( More... <https://www.socaltech.com/fullstory/0083520.html>) *GoGuardian Names New Execs* <https://www.socaltech.com/fullstory/0083519.html> Los Angeles-based GoGuardian, which develops educational software, says it has named both a new Chief Financial Officer and Chief Revenue Officer this morning. The company said it has named Ichiro Osumi as Chief Financial Officer (CFO) and Luke Harris as Chief Revenue Officer (CRO). Osumi had previously served at Autodesk, Littlejohn & Co., Aurora Capital Group, and Bear Stearns & Co and was most as Vice President of Finance at Wind River Systems. (More... <https://www.socaltech.com/fullstory/0083519.html>) *Report: Snapchat Now At 4 Million Paid Subscribers* <https://www.socaltech.com/fullstory/0083518.html> Venice, California-based Snapchat is expected to announce today that it has reached 4 million paid subscribers to its premium service, Snapchat+. The service--which costs $3.99 a month--was released in June of 2022, and is an attempt to diversify the company's revenue stream beyond pure advertising. Snapchat+ provides premium features to users which are not available to its normal users. The company said it hit 3 million Snapchat+ users in April. ( More... <https://www.socaltech.com/fullstory/0083518.html>) *TuSimple Aims To Sell US Business* <https://www.socaltech.com/fullstory/0083517.html> San Diego-based autonomous trucking technology developer *TuSimple <https://www.tusimple.com>*--which is facing delisting for failing to file its quarterly reports--says it is now looking to sell its U.S. business. According to an SEC filing, TuSimple Holding is "evaluating and reviewing strategic alternatives" for its U.S. business. The company says, if it is able to sell the U.S. business, it will instead focus on markets in the Asia Pacific region.(More... <https://www.socaltech.com/fullstory/0083517.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 *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]. *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. ------------------------------ *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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