*socaltech.com <http://socaltech.com> TechNews - Wednesday, September 20, 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 * - Afterparty Gets $5M For AI Tools For Creators <#0083645> - Hillhurst Biopharmaceuticals Snags $3M SBIR <#0083643> - DV8 Infosystems Finds Funding For Enterprise AI <#0083642> - Yoshino Enters Portable Power Station Market <#0083644> - RayzeBio Raises $358M In IPO <#0083646> *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> *Wednesday, September 20, 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 *Afterparty Gets $5M For AI Tools For Creators* <https://www.socaltech.com/fullstory/0083645.html> Los Angeles-based Afterparty announced late Tuesday evening that it has raised $5M in a funding round. The company said the strategic growth round was led by Blockchange Ventures, and also included Acrew Capital, Act One Ventures, and Tamarack Global, plus Wilson Sonsini and Vinny Lingham. The company said it is developing tools and technology for "personal fan connections and monetization", using artificial intelligence. The company's CEO and founder is David Fields. (More... <https://www.socaltech.com/fullstory/0083645.html>) *Hillhurst Biopharmaceuticals Snags $3M SBIR* <https://www.socaltech.com/fullstory/0083643.html> San Diego-based biopharmaceuticals company Hillhurst Biopharmaceuticals announced today that it has won $3M in a Phase 2b SBIR grant. According to the company, the award came from the National Heart, Lung, and Blood Institute (NHLBI), part of the National Institutes of Health. Hillhurst is developing liquid drug products with "therapeutic gases". (More... <https://www.socaltech.com/fullstory/0083643.html>) *DV8 Infosystems Finds Funding For Enterprise AI* <https://www.socaltech.com/fullstory/0083642.html> Irvine-based *DV8 Infosystems <https://www.dv8.bz>*, and its subsidiary, *MindHYVE.ai <https://mindhyve.ai>*, said that it has received a funding round, for what it calls "enterprise grade AI". The company did not announce the amount of funding, which came from Teller Systems, but claims it now has a $140M valuation after the round. Bill Faruki is CEO of DV8 Infosystems and MindHYVE.ai. The companies are focused on AI automation in the enterprise.( More... <https://www.socaltech.com/fullstory/0083642.html>) *Yoshino Enters Portable Power Station Market* <https://www.socaltech.com/fullstory/0083644.html> City of Industry-based Yoshino Technology says it has entered the portable power station and solar generator market. The company said it has launched what it calls "solid state technology" portable power stations, which use battery cell technology which is smaller and lighter than traditiona lithium batteries. (More... <https://www.socaltech.com/fullstory/0083644.html>) *RayzeBio Raises $358M In IPO* <https://www.socaltech.com/fullstory/0083646.html> San Diego-based pharmaceuticals company RayzeBio said on Tuesday that it has closed on its $358M IPO, selling 19,869,240 shares of its common stock at $18.00 per share. The IPO also saw an full exercise of additional shares sold by the undewriters. According to the company, it has received aggregate gross proceeds from the IPO of $336.7M. The company is now trading on the Nasdaq Global Market as RYZB, as of last Thursday. The IPO was underwritten by J.P. (More... <https://www.socaltech.com/fullstory/0083646.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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