*socaltech.com <http://socaltech.com> TechNews - Thursday, August 17, 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 * - Truelink Capital Acquires Flipp <#0083588> - Thematic Applies AI to Music Search <#0083587> - Cineverse Taps AI For Closed Captioning <#0083586> - SparkCharge Rolls out Mobile EV Charging In LA <#0083585> - Angelo Group, Nomura In Clean Energy, Climate Investment Deal <#0083584> - FirstElement Fuel Gets $7.7M For Hydrogen Refueling <#0083583> - Caelux Lands $12M For Solar Technology <#0083582> - Biocanic Gets $600K Seed Funding <#0083581> - Renesan, Visionex In Merger, Investment Deal <#0083580> - Virgin Galactic Launches First Paying Tourists Into Space <#0083579> *Marketplace* - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Pixelgate.net - Internet Access, Web Hosting, Network Services <#ad796> *Thursday, August 17, 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 *Truelink Capital Acquires Flipp* <https://www.socaltech.com/fullstory/0083588.html> Los Angeles-based private equity investor Truelink Capital said on Wednesday that it has acquired Flipp Corporation, a marketing technology provider based in Toronto. Financial details of the acquisition were not announced. The companies said that Flipp helps retail enterprise with automating, publishing, and distributing "digitally-native merchandising content". RBC Capital Markets was the financial advisor for Truelink Capital in the deal, with Flipp advised by Stifel and Stikeman Elliott. ( More... <https://www.socaltech.com/fullstory/0083588.html>) *Thematic Applies AI to Music Search* <https://www.socaltech.com/fullstory/0083587.html> Culver City-based *a herf="https://www.hellothematic.com <https://www.hellothematic.com>">Thematic* said today that it has rolled out a new, AI-powered product to help creators find music for their videos. According to Thematic, its new too, Trackmatic, uses OpenAI to find trending music for YouTube, social media, and podcasts, based only on video descriptions and themes.(More... <https://www.socaltech.com/fullstory/0083587.html>) *Cineverse Taps AI For Closed Captioning* <https://www.socaltech.com/fullstory/0083586.html> Los Angeles-based *Cineverse <https://www.cineverse.com>* says it has rolled out a new, artificial intelligence powered tool to generate closed captions for the film, television, and video library market. According to the company, it is using AI to reduce captioning costs by 85% and captioning time by 90%. The company said that it costs less than $10 per program hour for its new product, MatchCaption, versus the typical $60 to $100 per program hour it costs now.(More... <https://www.socaltech.com/fullstory/0083586.html>) *SparkCharge Rolls out Mobile EV Charging In LA* <https://www.socaltech.com/fullstory/0083585.html> On-demand, mobile electric vehicle (EV) charging provider *SparkCharge <https://www.sparkcharge.io>* said today that it is expanding its service to Los Angeles. The company--based in Massachusetts--said it is now offering up on-demand, DC fast charging to customers in Los Angeles, as well as San Francisco counties. The company says it already is offering up the service in Orange County and San Jose. The company says the charging service is available through the Courial app.(More... <https://www.socaltech.com/fullstory/0083585.html>) *Angelo Group, Nomura In Clean Energy, Climate Investment Deal* <https://www.socaltech.com/fullstory/0083584.html> Los Angeles-based private equity investor Angeleno Group and Tokyo-based Nomura Holdings said on Tuesday that the two firms are in a strategic partnership focused on clean energy and climate solution investments. ( More... <https://www.socaltech.com/fullstory/0083584.html>) *FirstElement Fuel Gets $7.7M For Hydrogen Refueling* <https://www.socaltech.com/fullstory/0083583.html> Irvine-based *FirstElement Fuel <https://www.firstelementfuel.com>*, which runs a network of hydrogen refueling stations, says it has received a $7.7M grant from the California Energy Commission. The company said the new funding goes to scale up its manufacturing capacity. The company said it has a manufacturing facility in Santa Ana, which produces high tech components and systems for hydrogen refueling stations, including liquid hydrogen cryopump systems.(More... <https://www.socaltech.com/fullstory/0083583.html>) *Caelux Lands $12M For Solar Technology* <https://www.socaltech.com/fullstory/0083582.html> Pasadena-based Caelux, a developer of solar power technology using a nanomaterial called perovskites, said on Monday that it has raised $12M in a Series A3 funding round. The funding was led by Temasek, and included Reliance New Energy Limited, Khosla Ventures, Mitsui Fudosan, and Fine Structure Ventures. The startup says the new funding brings its Series A funding round to $24M. Caelux said the new funding goes to support factory ramp, research and development, and product launch. (More... <https://www.socaltech.com/fullstory/0083582.html>) *Biocanic Gets $600K Seed Funding* <https://www.socaltech.com/fullstory/0083581.html> San Diego-based Biocanic announced today that it has raised $600,000 in seed funding. The company, which says it is developing a software platform that helps functional and personalized health practitioners manage their clients and their health data, says the round was led by Potter Ventures LLC. Other angel investors also participated. The company said that Phil Potter, CEO of Potter Ventures, has joined the company's board with the funding. Biocanic is led by CEO Jeremy Malecha. (More... <https://www.socaltech.com/fullstory/0083581.html>) *Renesan, Visionex In Merger, Investment Deal* <https://www.socaltech.com/fullstory/0083580.html> Rancho Santa Margarita-based Renesan, and Green Bay, Wisconsin-based Visionex said today that the two software companies are in a merger and investment deal. The two companies both provide cloud-based software for dialysis clinics. The companies said the deal was backed by a majority investment from The Brydon Group. Financial details of the merger and investment were not announced. (More... <https://www.socaltech.com/fullstory/0083580.html>) *Virgin Galactic Launches First Paying Tourists Into Space* <https://www.socaltech.com/fullstory/0083579.html> Mojave-based Virgin Galactic has launched its second official, commercial space tourism flight, sending three, paying customers to space on Thursday morning. The customers are the first paying tourists for the company. The customers included former Olympian Jon Goodwin, Keisha Schahaff and Anastatia Mayers. The three traveled up beyond 80 kilometers, or 262,000 feet above the Earth's surface, which is the boundary generally accepted as the boundary of space. (More... <https://www.socaltech.com/fullstory/0083579.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]. *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 *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 ------------------------------ *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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