*socaltech.com <http://socaltech.com> TechNews - Friday, July 28, 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 * - Dave Links With Drew League <#0083564> - Umbra Trumpets Free Satellite Data Program <#0083563> - Activision Sues TikTok Video Creator Over Audio Clip <#0083562> - Report: Netflix Offers Up To $900K For AI Product Manager <#0083561> - BuildOps Acquires PMSWARE <#0083560> - Cineverse Jumps Into AI <#0083559> - MetaMedia Gets Private Equity Investment <#0083558> *Marketplace* - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - Pixelgate.net - Internet Access, Web Hosting, Network Services <#ad796> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> *Friday, July 28, 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 *Dave Links With Drew League* <https://www.socaltech.com/fullstory/0083564.html> Los Angeles-based online banking service Dave says it is partnering with the LA Pro-Am basketball league, the Drew League. Dave said it will be the league's Official Financial Services Partner and first fintech partner. Financial details of the deal were not announced. The company said it will be the sponsor for both the 2023 and 2024 seasons. (More... <https://www.socaltech.com/fullstory/0083564.html>) *Umbra Trumpets Free Satellite Data Program* <https://www.socaltech.com/fullstory/0083563.html> Santa Barbara-based space radar imaging provider Umbra says it has made over $1 million worth of free, synthetic aperture radar (SAR) imaging available to the public since March. According to the company, that is "more open data than all other SAR providers combined". The company is using satellite imaging technology which can see through clouds or can acquire images at night; the company is targeting commercial and government customers with its imaging. (More... <https://www.socaltech.com/fullstory/0083563.html>) *Activision Sues TikTok Video Creator Over Audio Clip* <https://www.socaltech.com/fullstory/0083562.html> Santa Monica-based Activision has sued a Tiktok user, asking a court to rule that the company did not infringe on that user's rights when it used the sound from that user's clip in the video game Crash Bandicoot. The short video went viral and has become a meme. Activision claims the user has asked for an "extortionate" amount of money to license his recording. ( More... <https://www.socaltech.com/fullstory/0083562.html>) *Report: Netflix Offers Up To $900K For AI Product Manager* <https://www.socaltech.com/fullstory/0083561.html> In a sign of how much artificial intelligence may impact the future of entertainment, Netflix is reportedly offering up to $900,000 in annual pay to hire a machine learning/artificial intelligence product manager, to help it "create great content". The move comes even as Hollywood writers and actors are striking, in part over how AI might be used in the creative industry in the future. (More... <https://www.socaltech.com/fullstory/0083561.html>) *BuildOps Acquires PMSWARE* <https://www.socaltech.com/fullstory/0083560.html> Los Angeles-based software developer *BuildOps <https://www.buildops.com>* has acquired *PMSWARE*, the developer of two products--Perfectware Solutions and Shark Byte CRM--the company announced on Tuesday. Financial terms of the acquisition were not announced. BuildOps develops management software for commercial contractors. BuildOps recently raised $50M in funding from 01 Advisors and Fika Ventures, and is led by CEO and co-founder Alok Chanani.(More... <https://www.socaltech.com/fullstory/0083560.html>) *Cineverse Jumps Into AI* <https://www.socaltech.com/fullstory/0083559.html> Los Angeles-based streaming and entertainment company Cineverse is jumping into the world of artificial intelligence, saying it has unveiled a new product called Matchpoint AI. According to the company, the new "AI-based platform and marketplace" uses AI to provide things like "quality control inspections", to "detect and create frame-accurate ad breaks", "automatically create movie and television series art" by "eliminating the need for human graphic artists", and more. (More... <https://www.socaltech.com/fullstory/0083559.html>) *MetaMedia Gets Private Equity Investment* <https://www.socaltech.com/fullstory/0083558.html> Los Angeles-based MetaMedia announced this morning that it has received a "significant" strategic investment from private equity investor Dimensional Asociates. Size of the investment was not announced, however, the company said Dimensional Associates has purchased a controlling interest and recapitalized the company. (More... <https://www.socaltech.com/fullstory/0083558.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]. *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). 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