*socaltech.com <http://socaltech.com> TechNews - Thursday, January 18, 2024* 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) KPMG (http://home.kpmg/us/en/home/about/offices/los-angeles-1.html) Level up with KPMG ------------------------------ *Headlines * - Act One Ventures Raises $73M Third Fund <#0083797> - Two SoCal Companies Join Climate Startup Program <#0083798> - Tr1X Gets $75M In Series A <#0083796> - ZeroOutages Adds Volunteers Of America <#0083795> - Broadvoice Jumps On AI Bandwagon <#0083794> - Report: Drizly Shut Down By Uber <#0083793> - WYBIOTICS Rolls Out New Swimming Pool Cleaning Robot <#0083791> - Aspen Neuroscience Sets Regulatory head <#0083790> - PacketFabric Appoints Chief Commercial Officer <#0083792> *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> *Thursday, January 18, 2024* *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. *Act One Ventures Raises $73M Third Fund* <https://www.socaltech.com/fullstory/0083797.html> Los Angeles-based venture capital investor Act One Ventures said this morning that it has raised a $73M, third fund. The firm--led by General Partners Alejandro Guerrero and Michael Silton--said it now has $148M under management. Guerrero and Silton got their start in 2013 with UCLA Venture Fun. Act One Ventures said it will use Fund III to continue to back business software companies at the Seed stage, specifically those in vertical SaaS, fintech, compliance, and ecommerce infrastructure. (More... <https://www.socaltech.com/fullstory/0083797.html>) *Two SoCal Companies Join Climate Startup Program* <https://www.socaltech.com/fullstory/0083798.html> The Uptake Alliance, a venture development program which focuses on climate technology, says it has selected 15 climate-tech startups for its program--including two based in Southern California. The program said it has included Los Angeles-based Ampaire, a developer of hybrid-electric aircraft technology, and Carlsbad-based Icarus RT, a developer of hybrid photovoltaic/thermal solar cogeneration systems, in the program. (More... <https://www.socaltech.com/fullstory/0083798.html>) *Tr1X Gets $75M In Series A* <https://www.socaltech.com/fullstory/0083796.html> San Diego-based biotech developer *Tr1X <https://www.tr1x.bio>*, a company developing therapies to treat autoimmune disease, announced this morning that it has raised $75M in a Series A financing round. The funding was led by The Column Group, and also included NEVA SGR and Alexandria Ventures. The company says it is developing allogeneic engineered Treg and CAR-Treg cell therapies to treat major autoimmune diseases.(More... <https://www.socaltech.com/fullstory/0083796.html>) *ZeroOutages Adds Volunteers Of America* <https://www.socaltech.com/fullstory/0083795.html> Los Angeles-based ZeroOutages.com, a provider of SD-WAN, security, and connectivity services, says it is providing its SD-WAN services to Volunteers of America (VOA). The company did not specify if the relationship was a paid or in-kind deal. According to ZeroOutages, VOA has over 16,000 paid professionals spread over 46 States, the District of Columbia, and Puerto Rico; the company is providing management and monitoring of VOA's network plus security and content filtering services. ( More... <https://www.socaltech.com/fullstory/0083795.html>) *Broadvoice Jumps On AI Bandwagon* <https://www.socaltech.com/fullstory/0083794.html> Los Angeles-based *Broadvoice <https://www.broadvoice.com>*, a developer of contact center and unified communications services, says it has added new AI features to its service. According to the company, its new "Broadvoice AI" adds prompt-based self-service menus for its customers, without involving live agents.(More... <https://www.socaltech.com/fullstory/0083794.html>) *Report: Drizly Shut Down By Uber* <https://www.socaltech.com/fullstory/0083793.html> Alcohol delivery app developer *Drizly <https://www.drizly.com>*, which included Southern California among its first markets, is being shut down <https://www.axios.com/2024/01/15/uber-drizly-acquisition-shutters> by owner *Uber <https://www.uber.com>*--only three years after it was acquired for around $1.1 billion. Drizly had allowed users to order up various kinds of alcohol for delivery, directly to their home or other locations.(More... <https://www.socaltech.com/fullstory/0083793.html>) *WYBIOTICS Rolls Out New Swimming Pool Cleaning Robot* <https://www.socaltech.com/fullstory/0083791.html> Los Angeles-based *WYBIOTICS <https://www.wybotpool.com>* says it has rolled out a new, swimming pool cleaning robot, the WYBOT M2. According to the company, the pool cleaning robot includes underwater vision recognition, and an underwater self-charging station. Pricing on the pool cleaning robot were not announced. WYBIOTICS claims its robot is 10-20 times an improvement over traditional pool cleaning robots.(More... <https://www.socaltech.com/fullstory/0083791.html>) *Aspen Neuroscience Sets Regulatory head* <https://www.socaltech.com/fullstory/0083790.html> San Diego-based *Aspen Neuroscience <https://www.aspenneuroscience.com>*, a biotechnology company which is developing treatments for Parkinson's disease, says it has named Ana Sousa, MSJ, as the company's Chief Regulatory Officer. Sousa has been the company's Senior Vice President of Regulatory and Quality since 2021. Aspen Neuroscience says it has worked at such companies as Roche/Genentech, Onyx/Amgen, Principia Biopharma (Sanofi) as well as several startups.(More... <https://www.socaltech.com/fullstory/0083790.html>) *PacketFabric Appoints Chief Commercial Officer* <https://www.socaltech.com/fullstory/0083792.html> Culver City-based *PacketFabric <https://www.packetfabric.com>* said today that it has named Joe Oligny as its Chief Commercial Officer. Oligny has been at PacketFabric since 2017, and was most recently Senior Vice President of Customer and Commercial Operations. PacketFabric says Oligny has nearly 30 years of experience in the telecommunications, networking, and data center industries.(More... <https://www.socaltech.com/fullstory/0083792.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 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 * 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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