*socaltech.com <http://socaltech.com> TechNews - Monday, December 18, 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 * - Activision Blizzard To Pay $54M To Settle Discrimination Charges <#0083763> - Alteryx In $4.4B Private Equity Acquisition Deal <#0083762> - Silent Arrow Gets Contract For Cargo Drone <#0083761> - Morse Micro Boosts Board <#0083760> - Rypplzz Rounds Up $3M <#0083757> - LogicMonitor Wins Minnesota Vikings <#0083758> - SOCi Embraces AI Automation <#0083759> - Snapchat Rolls Out More AI Features <#0083756> - Morse Micro Expands In Rockies <#0083755> *Marketplace* - Accelerating Growth For Early Stage Innovation. <#ad764> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - Pixelgate.net - Internet Access, Web Hosting, Network Services <#ad796> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> *Monday, December 18, 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. *Activision Blizzard To Pay $54M To Settle Discrimination Charges* <https://www.socaltech.com/fullstory/0083763.html> The California Civil Rights Department (CRD) said late Friday that Santa Monica-based Activision Blizzard has agreed to pay $54M to settle allegations that the company discriminated against women at the company, including by denying promotion opportunities and paying them less than men for doing substantially similar work. (More... <https://www.socaltech.com/fullstory/0083763.html>) *Alteryx In $4.4B Private Equity Acquisition Deal* <https://www.socaltech.com/fullstory/0083762.html> Irvine-based cloud analytics software developer Alteryx said this morning that it has entered into a definitive agreement to be acquired by private equity investor Clearlake Capital Group and Insight Partners, for $4.4 billion. According to the publicly traded company--currently trading on the NYSE as AYX--its stockholders will receive $48. (More... <https://www.socaltech.com/fullstory/0083762.html>) *Silent Arrow Gets Contract For Cargo Drone* <https://www.socaltech.com/fullstory/0083761.html> Los Angeles-based *Silent Arrow <https://www.silent-arrow.com>* said this morning that it has received an SBIR contract, which will focus on developing a lone range, powered cargo drone for the US military. The size of the SBIR grant was not announced. According to the company, the contract, from AFWERX, will focus on its Silent Arrow CLS-300 "Contested Logistics System, 300 Nautical Miles", which is aimed at carrying between 350 to 2,000 pounds of supplies.(More... <https://www.socaltech.com/fullstory/0083761.html>) *Morse Micro Boosts Board* <https://www.socaltech.com/fullstory/0083760.html> Irvine-based fabless semiconductor developer *Morse Micro <https://www.morsemicro.com>* said this week that it ahs added Dr. Sam Heidari to its board of directors. Heidari is the CEO of Lumotive, a company working on optical semiconductors. He also serves as chairman of theboard of Arctic Semiconductor, and previously was cCEO and chairman at Quantenna Communications, CEO at Doradus Technologies, and CTO at Ikanos.( More... <https://www.socaltech.com/fullstory/0083760.html>) *Rypplzz Rounds Up $3M* <https://www.socaltech.com/fullstory/0083757.html> Los Angeles-based Rypplzz, a new startup focused on technology aimed at enabling augmented reality, said today that it has raised $3M in a seed funding found. The funding was led by KB Partners, and also included Triptyq Capital. According to the company, it is developing a "geo-location platform" which it says can "track devices down to six-inch accuracy in three dimensions". The company is applying the technology to the augmented reality market. Rypplzz says it has now raised $6. (More... <https://www.socaltech.com/fullstory/0083757.html>) *LogicMonitor Wins Minnesota Vikings* <https://www.socaltech.com/fullstory/0083758.html> Santa Barbara-based software developer *LogicMonitor <https://www.logicmonitor.com>* says it has signed up the NFL's Minnesota Vikings as a customer. According to the company, the football team is now using the company's software-as-a-service platform to monitor its system for viewing video footage. Terms of the deal were not announced.(More... <https://www.socaltech.com/fullstory/0083758.html>) *SOCi Embraces AI Automation* <https://www.socaltech.com/fullstory/0083759.html> San Diego-based marketing software developer SOCi loks to be fully embracing generative AI for its products, saying it has launched a beta of a new product called Genius Social. The company says the "advanced AI automation" tool is built for multi-location enterprises, and helps its customers "create localized content and engage with consumers". (More... <https://www.socaltech.com/fullstory/0083759.html>) *Snapchat Rolls Out More AI Features* <https://www.socaltech.com/fullstory/0083756.html> Venice, Caliornia-based Snap says that it has rolled out more artificial intelligence (AI) features, for its "My AI" services. According to Snap, the generative AI features now allow AI to create and send a "Snap" of whatever a user thinks might "make a friend's day", generating an image to match a prompt--even if they don't have something they might be able to take a picture of at the moment, along with other generative AI driven features. (More... <https://www.socaltech.com/fullstory/0083756.html>) *Morse Micro Expands In Rockies* <https://www.socaltech.com/fullstory/0083755.html> Irvine-based fabless semiconductor developer Morse Micro announced this morning that it has signed up Thorson Rocky Mountain, a manufacturer's rep that serves Colorado, Utah, Montana, Wyoming and Idaho. According to Morse Micro, the deal will expand its presence in the Rocky Mountain region and the North American OEM market. Morse Micro develops high speed SoCs for streaming HD video. (More... <https://www.socaltech.com/fullstory/0083755.html>) *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]. *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 *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 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. 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