*socaltech.com <http://socaltech.com> TechNews - Tuesday, October 24, 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 * - URB-E Becomes Llama, Focuses On Last Mile Delivery <#0083695> - FaZe Clan Acquired For A Mere $17M <#0083696> - UST Makes Strategic Investment In VoerEir <#0083697> - Tinder Launches Matchmaking Feature <#0083694> - Lancaster Gets Funding For Hydrogen Efforts <#0083693> - Debut Finds $40M In New Funding <#0083691> *Marketplace* - RECURRING REVENUE CONFERENCE November 9, 2023, Culver City <#ad798> - Accelerating Growth For Early Stage Innovation. <#ad764> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> *Tuesday, October 24, 2023* *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. *URB-E Becomes Llama, Focuses On Last Mile Delivery* <https://www.socaltech.com/fullstory/0083695.html> Los Angeles-based URB-E, which originally had been developing electric scooters, has changed its name to Llama, and re-focused on developing last-mile delivery systems. According to the company had branched into developing "micro-containers" for last mile, urban logistics, providing micro-containers which are pulled by small, electric vehicles, and can be used to deliver products in densely urban areas, such as New York City. The company was founded by Sven Etzelsberger and Peter Lee. (More... <https://www.socaltech.com/fullstory/0083695.html>) *FaZe Clan Acquired For A Mere $17M* <https://www.socaltech.com/fullstory/0083696.html> Los Angeles-based e-sports brand FaZe Clan has been acquired, for only $17M, by GameSquare, in a huge valuation loss for the e-sports and gaming company. FaZe Clan had staged a high-flying, $725M SPAC only one year ago. GameSquare is partially owned by Dallas Cowboys owner Jerry Jones. The acquisition puts FaZe Clan back under the control of its original founders. (More... <https://www.socaltech.com/fullstory/0083696.html>) *UST Makes Strategic Investment In VoerEir* <https://www.socaltech.com/fullstory/0083697.html> Aliso Viejo-based *UST <https://www.ust.com>* has made an investment in Swedish software company *VoerEir*, the company announced. Financial details of the strategic investment wer enot announced. VoerEir is a provider of software solutions for testing, benchmarking, and certifying the physical and virtual networks of Communications Service Providers (CSP).(More... <https://www.socaltech.com/fullstory/0083697.html>) *Tinder Launches Matchmaking Feature* <https://www.socaltech.com/fullstory/0083694.html> Los Angeles-based dating app Tinder said today that it has launched a new feature, called Tinder Matchmaker, which lets friends and families recommend profiles to a user. According to Tinder, the new feature allows users to invite others--whether they have a Tinder profile or not--to view and suggest potential matches. (More... <https://www.socaltech.com/fullstory/0083694.html>) *Lancaster Gets Funding For Hydrogen Efforts* <https://www.socaltech.com/fullstory/0083693.html> The City of Lancaster said this morning that it has been selected as part of a Department of Energy (DOE) program to encourage the development of clean energy and hydrogen development. The company said that California's Alliance for Renewable Clean Hydrogen Energy Systems (ARCHES) has been awarded up to $1.2 billion under the DOE's Regional Clean Hydrogen Hubs (H2Hubs) program, and that it has joined as the first city in the ARCHES effort. (More... <https://www.socaltech.com/fullstory/0083693.html>) *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>) *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. *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 *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 ------------------------------ ------------------------------ ------------------------------ *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. 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