*socaltech.com <http://socaltech.com> TechNews - Thursday, February 22, 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 * - Rocket Lab Returns Pharmaceuticals From Space <#0083849> - NTWRK Acquires Complex <#0083848> - Thin Line Capital Raises Fund II <#0083847> - UST Acquires Australia's Leonardo <#0083846> - Blacksmith Medicines Gets $3.3M Via NIH Funding <#0083845> - Northwood Space Raises $6.3M For Space Backhaul <#0083844> - Walmart To Pay $2.3 Billion For Vizio <#0083843> - Perception Applies Generative AI To Colors <#0083842> *Marketplace* - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - Pixelgate.net - Internet Access, Web Hosting, Network Services <#ad796> *Thursday, February 22, 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. *Rocket Lab Returns Pharmaceuticals From Space* <https://www.socaltech.com/fullstory/0083849.html> Long Beach-based Rocket Lab says that it has successfully launched and brought back a spacecraft capsule which produced pharmaceuticals in space. According to Rocket Lab, it launched a capsule into space for Varda Space Industries, which manufactured a payload of pharmaceuticals crystals in space--the first space manufacturing mission conducted outside of the International Space Station. (More... <https://www.socaltech.com/fullstory/0083849.html>) *NTWRK Acquires Complex* <https://www.socaltech.com/fullstory/0083848.html> Financial terms of the acquisition were not announced. NTWRK said that the venture is being backed by Main Street Advisors, Jimmy Iovine, Universal Music Group, and Goldman Sachs, with a strategic partnership with Universal Music Group. The company said the deal would be "marrying an e-commerce platform anchored in sneakers, streetwear, and collectibles with content and music" and create a "digital hub at the forefront of convergence culture."(More... <https://www.socaltech.com/fullstory/0083848.html>) *Thin Line Capital Raises Fund II* <https://www.socaltech.com/fullstory/0083847.html> Pasadena-based cleantech investor Thin Line Capital has completed its second fund, Thin Line Capital Fund II, according to the firm. Size of the new fund was not announced. According to the firm--run by founder and managing partner Aaron Fyke--the firm also has made its final investment in Thin Line Capital Fund I. (More... <https://www.socaltech.com/fullstory/0083847.html>) *UST Acquires Australia's Leonardo* <https://www.socaltech.com/fullstory/0083846.html> Aliso Viejo-based *UST <https://www.ust.com>* said today that it has acquired Melbourne, Australia-based *Leonardo*, a provider of business process improvement, automation, and integration services, in Australia and New Zealand. Financial terms of the buy were not announced. UST said the acquisition will help expand its market reach and offerings. UST says Leonardo has more than 70 people on its team.(More... <https://www.socaltech.com/fullstory/0083846.html>) *Blacksmith Medicines Gets $3.3M Via NIH Funding* <https://www.socaltech.com/fullstory/0083845.html> San Diego-based Blacksmith Medicines, a developer of biopharmaceuticals, says it has received $3.3M in funding from the National Institute of Allergy and Infectious Diseases (NIAID), part of the National Institutes of Health (NIH). According to the company, the funding will go towards Phase 1 studies of its compound for treatment of urinary tract infections caused by multidrug-resistant Gram-negative bacteria. The company said the total funding could be worth up to $17.2M over five years. (More... <https://www.socaltech.com/fullstory/0083845.html>) *Northwood Space Raises $6.3M For Space Backhaul* <https://www.socaltech.com/fullstory/0083844.html> El Segundo-based Northwood Space said Tuesday morning that it has raised $6.3M in a funding round, to "build a data highway between earth and space". (More... <https://www.socaltech.com/fullstory/0083844.html>) *Walmart To Pay $2.3 Billion For Vizio* <https://www.socaltech.com/fullstory/0083843.html> Retail giant Walmart will pay $2.3 billion for Irvine-based smart TV maker Vizio, the two companies announced today. According to the companies Walmart has agreed to pay $11.50 per share in cash for Vizio. The two specifically highlighted "new opportunities to help advertisers connect with customers" through Vizio's SmartCast Operating System (OS). (More... <https://www.socaltech.com/fullstory/0083843.html>) *Perception Applies Generative AI To Colors* <https://www.socaltech.com/fullstory/0083842.html> Irvine-based *Perception <https://www.perception.io>* says it has launched a new, generative Ai tool, which it calls Perception Studio. According to the company, it is "combining generative AI with in-depth color psychology research" to help "designers to tell cohesive brand stories through color." Pricing on its tools was not announced. The company says it was founded by CEO Mike Merchant.(More... <https://www.socaltech.com/fullstory/0083842.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]. *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 ------------------------------ ------------------------------ ------------------------------ *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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