*socaltech.com <http://socaltech.com> TechNews - Wednesday, September 13, 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 * - Ring Launches New Pet Tag Product <#0083630> - TrueParity Aims At Real Estate Market <#0083629> - Cineverse Names CFO <#0083628> - Relo Metrics Names Advisory Board <#0083627> - Emburse Rolls Out AI Receipt Scanning Software <#0083626> - ImmunityBio Gets $470M In Equity, Debt From Soon-Shiong <#0083625> - Qualcomm To Supply Chips To Apple <#0083624> *Marketplace* - Pixelgate.net - Internet Access, Web Hosting, Network Services <#ad796> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> *Wednesday, September 13, 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 *Ring Launches New Pet Tag Product* <https://www.socaltech.com/fullstory/0083630.html> Los Angeles-based Ring has rolled out a new product for the pet market--a product called the Ring Pet Tag--which relies on people scanning a QR code to get information on your lost pet. The new produc does not include any Bluetooth or GPS functionality, and makes your cat or dog a walking billboard for Amazon's camera brand, according to The Verge. (More... <https://www.socaltech.com/fullstory/0083630.html>) *TrueParity Aims At Real Estate Market* <https://www.socaltech.com/fullstory/0083629.html> Los Angeles-based *TrueParity <https://www.trueparity.com>*, a new startup, says it has emerged from stealth mode, and has launched a platform to allow "homeowners to find the best agents to sell their homes". The company says it is available to homeowners in California, Arizona, Texas ,and Florida, and lets "area agents compete for homeowner listings". The startup is led by co-founder and CEO James Hotson.(More... <https://www.socaltech.com/fullstory/0083629.html>) *Cineverse Names CFO* <https://www.socaltech.com/fullstory/0083628.html> Los Angeles-based Cineverse said this morning that it has named Mark Lindsey as the company's Chief Financial Officer. Lindsey has been Executive Vice President, Accounting and Finance, at Cineverse since November 2022, and previously served at Firefly, Canapi Ventures, and American Capital, along with SiriusXM, PCAOB and PricewaterhouseCoopers. Cineverse says Lindsey replaces John Canning, who will be leaving the company. Cineverse owns a portfolio of streaming channels and content libraries. (More... <https://www.socaltech.com/fullstory/0083628.html>) *Relo Metrics Names Advisory Board* <https://www.socaltech.com/fullstory/0083627.html> Santa Monica-based Relo Metrics (formerly GumGum Sports) said this morning that it has named a new Advisory Board for the company. According to the company, it has added Samuel Rueff, Jamie West, and Dana Venino to provide help to the company. Rueff was most recently at Bayer as Global Media Director; West was head of Sky's Advanced Advertising Products; and Venino most recently served as the Chief Customer Officer at SQAD. (More... <https://www.socaltech.com/fullstory/0083627.html>) *Emburse Rolls Out AI Receipt Scanning Software* <https://www.socaltech.com/fullstory/0083626.html> Los Angeles- and Portland, Maine-based Emburse announced a new software product this morning, an AI-powered "receipt scanning engine" which feeds into its travel and expense management tools. The company says it is "leveraging AI to identify, extract and validate detailed merchant and transaction information from printed and electronic receipts, down to a line-item level." The company said it used its own dataset for AI training. (More... <https://www.socaltech.com/fullstory/0083626.html>) *ImmunityBio Gets $470M In Equity, Debt From Soon-Shiong* <https://www.socaltech.com/fullstory/0083625.html> Culver City-based immunotherapy developer ImmunityBio has received $470M in equity and debit financing from its founder, Dr. Patrick Soon-Shiong, the company said this morning. According to ImmunityBio, the new capitl includes exchange of $270M of debt held by Nant Entities, and $200M in a new 3 year term debt financing from Nant Capital. Both of those companies are controlled by billionaire Soon-Shiong. (More... <https://www.socaltech.com/fullstory/0083625.html>) *Qualcomm To Supply Chips To Apple* <https://www.socaltech.com/fullstory/0083624.html> San Diego-based *Qualcomm <https://www.qualcomm.com>* reported this morning that it has signed an agreement with *Apple <https://www.apple.com>*, to supply its Snapdragon 5G Modem-RF systems for Apple's smartphones. Financial impact of the design win was not announced. Qualcomm says the deal covers smartphone launches in 2024, 2025, and 2026.(More... <https://www.socaltech.com/fullstory/0083624.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 *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]. ------------------------------ *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. All rights reserved. socalTECH.com - Dedicated to High Tech in Southern California http://www.socaltech.com/ SOCALTECH LLC 4607 Lakeview Canyon Road, Suite 290, Westlake Village, CA 91361
_______________________________________________ Socaltech mailing list [email protected] http://listserv.socaltech.com/mailman/listinfo/socaltech
