*socaltech.com <http://socaltech.com> TechNews - Friday, October 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 * - Debut Finds $40M In New Funding <#0083691> - Consello Capital Acquires ProSearch <#0083692> - Pledge Hits $100M Donation Milestone <#0083690> - Limmi Lands $862.5K <#0083689> - Invoca Enhances AI Tools <#0083688> - GovInvest Launches Compensation Software <#0083687> - Bobby Kotick To Remain Activision CEO Until End Of Year <#0083685> - Revnue Launches Mobile App <#0083686> - Microsoft Completes $69 Billion Activision Buy <#0083684> *Marketplace* - Pacific Western Bank, Venture Banking Group <#ad797> - Accelerating Growth For Early Stage Innovation. <#ad764> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> *Friday, October 20, 2023* *RECURRING REVENUE CONFERENCE November 9, 2023, Culver City <https://bit.ly/3o8EgqK>* Southern California's premier SaaS and Subscription conference, our one-day event draws top founders, executives, investors, and Cloud experts. Experience a dynamic program with 20+ sessions, including keynotes, fireside chats, breakout sessions, and roundtable discussions. This year's insights span AI, metrics that matter, scaling strategies, making a pivot, and more. Keynotes include ChowNow and HackerOne CEOs. Attendees will enjoy plenty of networking time during breakfast, lunch, coffee cart breaks, and cocktails on the patio. Join us on November 9th at the Culver City Hilton to learn from industry leaders in the SaaS and subscription ecosystem. Learn more at: https://bit.ly/3o8EgqK Use promo code SOCALTECH for a 20% discount. *Debut Finds $40M In New Funding* <https://www.socaltech.com/fullstory/0083691.html> San Diego-based Debut, which is applying synthetic biology to the fragrance industry, says it has raised $40M in a Series B funding round. The company said the funding was led by BOLD, the venture capital fund of L'Oreal. Debut says it is developing "bio-based formulas" for fragrance brands, which "can replicate the scent signature and precise characteristics of natural ingredients, including those that are structurally complex, difficult to source, and only exist in trace amounts in nature. (More... <https://www.socaltech.com/fullstory/0083691.html>) *Consello Capital Acquires ProSearch* <https://www.socaltech.com/fullstory/0083692.html> Los Angeles- and New York-based private equity investor *Consello Capital* says it has acquired *ProSearch Strategies*, a "tech-enabled" legal service provider for enterprise customers. Financial details of the deal were not announced. Consello Capital says ProSearch Strategies has over 200 employees, and locations in the United States, Ireland, and India, and is its first investment.(More... <https://www.socaltech.com/fullstory/0083692.html>) *Pledge Hits $100M Donation Milestone* <https://www.socaltech.com/fullstory/0083690.html> Los Angeles-based charitable fundraising platform Pledge, led by serial entrepreneur James Citron, says it has hit a $100,000,000 donation milestone, raised for more than 50,000 nonprofits. The company is backed by Maven Ventures, Zoom Ventures, Designer Fund, the Chainsmokers's Mantis Ventures, and angels including Randi Zuckerberg and Bill Tai. (More... <https://www.socaltech.com/fullstory/0083690.html>) *Limmi Lands $862.5K* <https://www.socaltech.com/fullstory/0083689.html> Carlsbad-based *Limmi <https://limmi.io>* announced this morning that it has raised $862.5K in a funding, in a deal with Vinergy Capital. According to Vinni, it is developing an artificial intelligence powered data and analytics platform for optimizing healthcare operations. Limmi said that Vinergy will acquire up to 4 percent of the company's equity for the funding, plus a license of IP from Limmi for use in Vinergy's Healthcare Accreation AI product.(More... <https://www.socaltech.com/fullstory/0083689.html>) *Invoca Enhances AI Tools* <https://www.socaltech.com/fullstory/0083688.html> Santa Barbara-based Invoca, which develops tools for call center and digital marketing, says it has enhanced its AI software. According to the company, it has launched a new product called Signal AI Studio, which it says allows businesses to create custom AI models, aimed at helping businesses to acquire customers, members, or patients over the phone. The company says the tool directly trains on business calls and conversations. ( More... <https://www.socaltech.com/fullstory/0083688.html>) *GovInvest Launches Compensation Software* <https://www.socaltech.com/fullstory/0083687.html> Los Angeles-based *GovInvest <https://www.govinvest.com>*, which develops software for government agencies, says it has rolled out new software which provides compensation analytics to governments. According to the company, the new software provides real-time compensation data and analysis helping its customers manage employee compensation. Pricing on the new software was not announced.(More... <https://www.socaltech.com/fullstory/0083687.html>) *Bobby Kotick To Remain Activision CEO Until End Of Year* <https://www.socaltech.com/fullstory/0083685.html> *Bobby Kotick*, the CEO of Santa Monica-based *Activision <https://www.activision.com>*, says he will remain CEO of the company until the end of 2023 <https://news.microsoft.com/wp-content/uploads/prod/sites/653/2023/10/Bobby-Kotick-email-to-employees.pdf>. Microsoft completed its acquisition of Activision last week, in a deal worth $69 billion. Kotick founded Activision in 1991 with Brian Kelly.( More... <https://www.socaltech.com/fullstory/0083685.html>) *Revnue Launches Mobile App* <https://www.socaltech.com/fullstory/0083686.html> Los Angeles-based *Revnue <https://www.revnue.com>*, a developer of contract management and asset management software, says it has launched a new, mobile app for Android and iOS. The company said the app includes "embedded AI" and helps streamline businesses' asset, contract, customer, supplier, and services data management.(More... <https://www.socaltech.com/fullstory/0083686.html>) *Microsoft Completes $69 Billion Activision Buy* <https://www.socaltech.com/fullstory/0083684.html> Santa Monica-based *Activision <https://www.activision.com>* is finally part of *Microsoft <https://www.microsoft.com>*, after UK approval of the deal, the last holdup in the acquisition. Microsoft announced the deal to acquire Activision in January of 2022. The deal was worth $69 billion.( More... <https://www.socaltech.com/fullstory/0083684.html>) *Pacific Western Bank, Venture Banking Group <https://www.pacwest.com>* Pacific Western Bank is a commercial bank with over $41 billion in assets headquartered in Los Angeles, California, with an executive office in Denver, Colorado. Our venture banking team specializes in financial products and services for startups, venture-backed businesses, and their venture capital and private equity investors. We are dedicated to delivering high-touch, tailored solutions, helping innovators take their business to the next level. No matter the size or stage of your business, you can expect guidance, resources and flexibility, making them the perfect team to support your evolving needs. For more information, visit www.pacwest.com, or follow them on LinkedIn and Twitter. *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 *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 ------------------------------ *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 October 24, Los Angeles -- *Generative AI* Generative AI and technology networking. PMI-LA collaborates with AITP-LA for an in-person, informative, and engaging Industry Networking Meeting with a panel discussion of Chief Technology/Information Officers (CTOs/CIOs) to discuss the implications of emerging technologies and practices. Since 2010, we. See http://www.socaltech.com/calendar/eventid/26761 November 8, Irvine -- *SoCal Startup Day* SoCal Startup Day is back! Join us at the largest startup event of the year. SoCal Startup Day is on Nov 8th in Hangar 244 at the Irvine Great Park. This years event will host over 2,000 attendees, hundreds of investors and over 50 exhibitors. The 2023 SoCal Startup Day will feature startups, VCs and Angel Investors from all over Southern California, to meet, network and help startups raise capital. Featuring new panels, guest speakers, networking, entertainment, demos, prizes, along with AMAZING food and beverages. Oh, and of course, our surprise keynote speaker! SoCal Startup Day $10 OFF VIP Passes. Promo code: SOCALTECH10. See http://www.socaltech.com/calendar/eventid/26762 November 9, Culver City -- *RECURRING REVENUE CONFERENCE * Southern California's premier SaaS and Subscription conference, our one-day event draws top founders, executives, investors, and Cloud experts. Experience a dynamic program with 20+ sessions, including keynotes, fireside chats, breakout sessions, and roundtable discussions. This year's insights span AI, metrics that matter, scaling strategies, making a pivot, and more. Keynotes include ChowNow and HackerOne CEOs. Attendees will enjoy plenty of networking time during breakfast, lunch, coffee cart breaks, and cocktails on the patio. Join us on November 9th at the Culver City Hilton to learn from industry leaders in the SaaS and subscription ecosystem. Learn more at: https://bit.ly/3o8EgqK Use promo code SOCALTECH for a 20% discount.. See http://www.socaltech.com/calendar/eventid/26765 December 30, City -- *Test Event 3* Test Description - IGNORE. See http://www.socaltech.com/calendar/eventid/26756 ------------------------------ ------------------------------ ------------------------------ *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
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