*socaltech.com <http://socaltech.com> TechNews - Tuesday, December 12, 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 * - Caltech, Broadcom Ink Research and Development Partnership <#0083753> - E3 Expo Shuts Doors <#0083752> - Ross Levinsohn Out At Arena Group After AI Flap <#0083751> - TuSimple Axes US Staff, Leaves US Market <#0083749> - Report: LA Investors Regretting Move To Texas <#0083750> - SEGA Looks To Revive Old Titles <#0083748> - Camino Pharma Gets $1.97M SBIR <#0083747> - Kintara Therapeutics Looks For Buyer <#0083746> - VideoAmp Rolls Out New Targeting Technology <#0083745> - Spirent Links With Anritsu On Vehicle Testing <#0083744> *Marketplace* - Pacific Western Bank, Venture Banking Group <#ad797> - Pixelgate.net - Internet Access, Web Hosting, Network Services <#ad796> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> *Tuesday, December 12, 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 *Caltech, Broadcom Ink Research and Development Partnership* <https://www.socaltech.com/fullstory/0083753.html> Caltech and Broadcom announced a research and development partnership this morning, where Broadcom will make a "significant investment" in a new lab at Caltech. Size of that investment was not announced. According to the two, the partnership will seek to "advance quantum science research and discoveries with the potential to seed new innovative technologies and applications. (More... <https://www.socaltech.com/fullstory/0083753.html>) *E3 Expo Shuts Doors* <https://www.socaltech.com/fullstory/0083752.html> The E3 Expo--the videogame trade conference that has long been held in Los Angeles--has been permanently cancelled, according to the Entertainment Software Association (ESA). The ESA cited "new opportunities our industry has to reach fans and partners". The E3 Expo had grown at one point to encompass a good chunk of the Los Angeles Convention Center, and was estimated to have millions of dollars of impact to the LA economy. (More... <https://www.socaltech.com/fullstory/0083752.html>) *Ross Levinsohn Out At Arena Group After AI Flap* <https://www.socaltech.com/fullstory/0083751.html> Ross Levinsohn, the CEO of The Arena Group, was removed from the role, according to the company, on the heels over the use of artificial intelligence to generate content for Sports Illustrated. It's unclear if the move was related to the AI scandal. An expose by the publication Futurism at the end of November revealed that the company had created fake writers and AI-generated content across Sports Illustrated. (More... <https://www.socaltech.com/fullstory/0083751.html>) *TuSimple Axes US Staff, Leaves US Market* <https://www.socaltech.com/fullstory/0083749.html> Autonomous trucking software developer TuSimple, which is based in San Diego, has laid off a huge chunk of its U.S. staff, and will be leaving the US market, the company said last week, and will look to possibly sell its U.S. operations and assets. According to the now-public company, it will "shift its focus to the Asia-Pacific region." The company said it will reduce the company's U.S. workforce by approximately 150 employees, or 75% of its workforce here. (More... <https://www.socaltech.com/fullstory/0083749.html>) *Report: LA Investors Regretting Move To Texas* <https://www.socaltech.com/fullstory/0083750.html> In a report from TechCrunch, at least a couple of Los Angeles area angel and venture investors are publicly regretting their move <https://techcrunch.com/2023/12/07/is-the-texas-boom-town-of-austin-losing-its-luster/?guccounter=1> to Austin, Texas during the pandemic. There has been a longtime rivalry between the regions over attracting and retaining high tech companies and startups. According to TechCrunch, the latest blow to Austin is the loss of the TechStars startup accelerator.(More... <https://www.socaltech.com/fullstory/0083750.html>) *SEGA Looks To Revive Old Titles* <https://www.socaltech.com/fullstory/0083748.html> Irvine-based game publisher *SEGA <https://www.sega.com>* said this week that it plans to "dive into its legacy" to create new versions of Crazy Taxi, Golden Axe, Jet Set Radio, Shinobi, and Streets of Rage. The company said new games for those titles are "now in development". The company cited its success in reviving Sonic the Hedgehog in recent years.(More... <https://www.socaltech.com/fullstory/0083748.html>) *Camino Pharma Gets $1.97M SBIR* <https://www.socaltech.com/fullstory/0083747.html> San Diego-based Camino Pharma, which is developing biotechnology focused on cancer and brain disorders, says it has received a $1.97M Small Business Innovation Research (SBIR) grant. The company said the grant was awarded by the National Institute of Alcohol Abuse and Alcoholism. (More... <https://www.socaltech.com/fullstory/0083747.html>) *Kintara Therapeutics Looks For Buyer* <https://www.socaltech.com/fullstory/0083746.html> San Diego-based *Kintara Therapeutics <https://www.kintara.com>* says it is reviewing "strategic alternatives", and has hired on a financial advisor. The biopharmaceuticals company said it will "review a range of strategic alternatives focused on maximizing stockholder value", and has hired on Ladenburg Thalmann & Co. Inc. as an advisor. The company is focused on development of solid tumor cancer therapeuties, and trades as KTRA on the Nasdaq.(More... <https://www.socaltech.com/fullstory/0083746.html>) *VideoAmp Rolls Out New Targeting Technology* <https://www.socaltech.com/fullstory/0083745.html> Los Angeles-based VideoAmp, which develops adtech software, says it has rolled out a new solution for its clients, to help them with targeting and measurements of their advertising. According to the company, it has released a "proprietary commingled Identity (ID) solution" which uses identifiers such as hashed emails, signed-in users, IP addresses and device IDs--but which never exposes a consumer's personal identifiers to VideoAmp, its partners, or clients. (More... <https://www.socaltech.com/fullstory/0083745.html>) *Spirent Links With Anritsu On Vehicle Testing* <https://www.socaltech.com/fullstory/0083744.html> The Calabasas-based division of Spirent Communications plc announced this morning that it has entered into a strategic partnership with Anritsu, where the two will work together on automotive testing solutions. According to the companies, the two will work together on cellular vehicle-to-everything (C-V2X) and autonomous driving technologies. Financial details of the link were not announced. (More... <https://www.socaltech.com/fullstory/0083744.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. *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 December 30, City -- *Test Event 3* Test Description - IGNORE. See http://www.socaltech.com/calendar/eventid/26756 January 17, San Diego -- *Intersolar North America and Energy Storage North America* ntersolar North America and Energy Storage North America is the premier US-based conference and trade show focused on solar, energy storage, and EV charging infrastructure. Dedicated to accelerating the energy transition, the event delivers actionable education, invaluable networking, and an immersive exhibit hall experience. . See http://www.socaltech.com/calendar/eventid/26772 January 18, San Diego -- *Intersolar North America and Energy Storage North America* ntersolar North America and Energy Storage North America is the premier US-based conference and trade show focused on solar, energy storage, and EV charging infrastructure. Dedicated to accelerating the energy transition, the event delivers actionable education, invaluable networking, and an immersive exhibit hall experience. . See http://www.socaltech.com/calendar/eventid/26773 January 19, San Diego -- *Intersolar North America and Energy Storage North America* ntersolar North America and Energy Storage North America is the premier US-based conference and trade show focused on solar, energy storage, and EV charging infrastructure. Dedicated to accelerating the energy transition, the event delivers actionable education, invaluable networking, and an immersive exhibit hall experience. . See http://www.socaltech.com/calendar/eventid/26774 ------------------------------ ------------------------------ ------------------------------ *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
