*socaltech.com <http://socaltech.com> TechNews - Monday, August 7, 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 * - Partner One Acquires Fidelis Cybersecurity <#0083576> - My Code Taps Former Twitter Exec As Marketing VP <#0083575> - Fisker Shows Off Future Vehicle Lineup <#0083574> - Triller Files For IPO <#0083573> - Born Ready Raises $50M Fund Aimed At Blockchain, Metaverse Startups <#0083572> - Virgin Galactic Shows Revenue For First Commercial Flights <#0083571> - March Capital Leads $175M Investment In Nile <#0083568> - Snapchat Launches New Lens Creator Program <#0083569> *Marketplace* - Pixelgate.net - Internet Access, Web Hosting, Network Services <#ad796> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Accelerating Growth For Early Stage Innovation. <#ad764> *Monday, August 7, 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]. *Partner One Acquires Fidelis Cybersecurity* <https://www.socaltech.com/fullstory/0083576.html> Irvine-based *Partner One* said this morning that it has acquired certain assets of *Fidelis Cybersecurity*, including that firm's software, intellectual property, equipment, inventory and customer and reseller contracts. Financial details of the buy were not announced. Partner one is led by CEO Eric Moseman. The company says it is a "software conglomerate" focused on enterprise software.(More... <https://www.socaltech.com/fullstory/0083576.html>) *My Code Taps Former Twitter Exec As Marketing VP* <https://www.socaltech.com/fullstory/0083575.html> Santa Monica-based My Code, which provides services around diverse publishers, has hired a former Twitter executive as its new SVP of Marketing. According to My Code, it has named Rebecca Kramer as its new SVP of Marketing, to lead the company's brand and product marketing, thought leadership and PR. (More... <https://www.socaltech.com/fullstory/0083575.html>) *Fisker Shows Off Future Vehicle Lineup* <https://www.socaltech.com/fullstory/0083574.html> Los Angeles-based *Fisker <https://www.fiskerinc.com>*, the latest incarnation of an electric vehicle company run by car designer Henrik Fisker, has rolled out a new lineup of all-electric vehicles. In a fancy event in Huntington Beach, the company showed off its new Ronin, PEAR, Alaska, and Fisker Ocean vehicles, and says it has started taking reservations for its Fisker Ronin, a convertible GT sports car, and also the Fisker Alaska, which is a four-door pickup truck.(More... <https://www.socaltech.com/fullstory/0083574.html>) *Triller Files For IPO* <https://www.socaltech.com/fullstory/0083573.html> Los Angeles-based Triller, which makes a short-form, video alternative to TikTok, has filed for an IPO. According to the company, it hopes to trade on the NYSE as "ILLR". The company has not yet said how much it hopes to raise in its IPO offering. Triller had earlier sought to go public via a SPAC, and also attempted a direct listing; the move to list on the NYSE is a significant shift to a more traditional IPO structure. (More... <https://www.socaltech.com/fullstory/0083573.html>) *Born Ready Raises $50M Fund Aimed At Blockchain, Metaverse Startups* <https://www.socaltech.com/fullstory/0083572.html> Los Angeles-based Born Ready, a new blockchain-focused venture fund and "venture studio", says it has raised $50M for its first fund. The fund and studio said it was co-founded by Shara Senderoff and Aaron McDonald, the founders of Futureverse. According to the new fund, it will focus on "emerging technology ventures that hold strategic collaboration potential with Futureverse or The Root Network, a public decentralized blockchain network optimized for metaverse apps and experiences. (More... <https://www.socaltech.com/fullstory/0083572.html>) *Virgin Galactic Shows Revenue For First Commercial Flights* <https://www.socaltech.com/fullstory/0083571.html> Virgin Galactic announced its second quarter 2023 financial results, showing it received $1.9M in revenues in the quarter from its first two flights. The company reported a net loss of $134.4M, up from a loss of $110.7M a year ago for the same quarter. The company said the revenues included revenues from its two spaceflights, plus "membership fees" for "future astronauts". The company said it has cash, cash equivalents, and marketable securities of $980M. (More... <https://www.socaltech.com/fullstory/0083571.html>) *March Capital Leads $175M Investment In Nile* <https://www.socaltech.com/fullstory/0083568.html> Los Angeles-based venture capital investor March Capital is the co-lead investor in networking equipment maker Nile, a startup founded by former Cisco Systems' CEO John Chambers, in a $175M, Series C funding. Nile said it raised the new funding round from March Capital and Sanibil Investments, along with solutions by stc, Prosperity7, Liberty Global Ventures, and stc CIF (Corporate Investment Fund), plus 8VC, Geodesic Capital, FirstU Capital, and Valor Equity Partners. (More... <https://www.socaltech.com/fullstory/0083568.html>) *Snapchat Launches New Lens Creator Program* <https://www.socaltech.com/fullstory/0083569.html> Venice, California-based *Snapchat <https://www.snapchat.com>* is launching a new "Lens Creator" program, which it says will pay creators up to $7,200 per month <https://techcrunch.com/2023/08/01/snapchat-is-launching-a-new-rewards-program-for-ar-lens-creators/> for top performing Lens. The reward program is initially focused on boosting engagement of users in the United States, India, and Mexico.( More... <https://www.socaltech.com/fullstory/0083569.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 *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 ------------------------------ *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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