*socaltech.com <http://socaltech.com> TechNews - Monday, March 4, 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 * - A Look At Plug In South LA <#0083863> - Funraise Applies AI to Nonprofit Fundraising Tool <#0083862> - REC Solar Names CEO <#0083861> - Fisker Cut 15 Percent, Pauses Work On New Models <#0083860> - Zest AI Launches New Product <#0083859> - MixMode Gets Win In Dallas <#0083858> - Jam Uses AI For Family Calendars <#0083856> - Restaurant365 Adds Tip Automation Features <#0083857> - SimpleClosure Sees $4M Seed To Automate Business Shutdowns <#0083855> - mTab Snags $15M In Credit <#0083854> *Marketplace* - Pacific Western Bank, Venture Banking Group <#ad797> - Pixelgate.net - Internet Access, Web Hosting, Network Services <#ad796> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> *Monday, March 4, 2024* *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]. *A Look At Plug In South LA* <https://www.socaltech.com/fullstory/0083863.html> What is *Plug In South LA <https://pluginventures.co/>*? Techcrunch looks at the accelerator program, which is aimed at helping accelerate startups based in South Los Angeles, and bolsters "Black & Brown early-stage entrepreneurs", who have historically had a very difficult time getting venture capital money. Plug In South LA is led by Derek Smith.(More... <https://www.socaltech.com/fullstory/0083863.html>) *Funraise Applies AI to Nonprofit Fundraising Tool* <https://www.socaltech.com/fullstory/0083862.html> Los Angeles-based *Funraise <https://www.funraise.org/>*, which develops on online platform that helps nonprofits raise funding, says it has launched new AI features within its products. According to the company, it has added ""AI forecasting, AI data explanations, and AI natural language queries" using technology from Sisense. Funraise is led by CEO and co-founder Justin Wheeler.(More... <https://www.socaltech.com/fullstory/0083862.html>) *REC Solar Names CEO* <https://www.socaltech.com/fullstory/0083861.html> San Luis Obispo-based REC Solar, which develops on-site and community solar and storage projects, says it has named a new CEO. According to the company, it has appointed Robb Jetty--most recently, Chief Operating Officer at Distributed Solar Development (DSD)--to the CEO position. Jetty previously also served as Vice President of Business Development for C&I and EPC Markets at EDF Renewable Energy as well as Executive Vice President at Onyx Renewable Partners, LP and M+W Group. (More... <https://www.socaltech.com/fullstory/0083861.html>) *Fisker Cut 15 Percent, Pauses Work On New Models* <https://www.socaltech.com/fullstory/0083860.html> In a ominous sign for Los Angeles-based electric vehicle (EV) maker Fisker Automotive has cut 15 percent of its staff--200 people--and will pause new work on its new EV models, as a result of a shift to a new "Dealer Partner" model. (More... <https://www.socaltech.com/fullstory/0083860.html>) *Zest AI Launches New Product* <https://www.socaltech.com/fullstory/0083859.html> Los Angeles-based *Zest AI <https://www.zest.ai>* said this week that it has launched a new, generative AI product, which it calls "LuLu". According to the company, the customized generative AI tools will allow its customers to "instantly capture strategic industry insights, decisioning and portfolio performance metrics, and quickly access their unique Zest AI product knowledge base." Zest develops AI lending technology aimed at financial providers.(More... <https://www.socaltech.com/fullstory/0083859.html>) *MixMode Gets Win In Dallas* <https://www.socaltech.com/fullstory/0083858.html> Santa Barbara-based AI cybersecurity developer *MixMode <https://www.mixmode.ai>* said this week that it has scored a win with the City of Dallas. According to the company, Dallas will use its cybersecurity platform to bolster its cybersecurity defenses. Financial impacts of the customer win were not announced.(More... <https://www.socaltech.com/fullstory/0083858.html>) *Jam Uses AI For Family Calendars* <https://www.socaltech.com/fullstory/0083856.html> Los Angeles-based Jam said this week that it has launched a new, AI-enabled family calendar and organization app, which it says is aimed at "alleviating the mental load burden faced by busy families." According to the company, the product was specifically designed to help streamline household logistics, particularly for working mothers. The company said it is using OpenSource AI to power the calendar system. Jam is led by CEO and co-founder Koosed Etting. (More... <https://www.socaltech.com/fullstory/0083856.html>) *Restaurant365 Adds Tip Automation Features* <https://www.socaltech.com/fullstory/0083857.html> Irvine-based restaurant enterprise management software developer *Restaurant365 <https://www.restaurant365.com>* said it has launched a "tip automation tool" which helps restaurants manage distribution and accounting of tips. The company said the software helps replace "nonstandard processes" how restaurants manage how they account for and distribute tips.(More... <https://www.socaltech.com/fullstory/0083857.html>) *SimpleClosure Sees $4M Seed To Automate Business Shutdowns* <https://www.socaltech.com/fullstory/0083855.html> Santa Monica-based SimpleClosure, a startup which says it has created an automated platform to help people shut down their businesses, has raised $4M in a seed funding round. According to the company, the new funding was led by Infinite Ventures, and also included Anthemis Group and Foxe Capital, along with angels. The company said the new funding comes shortly after a pre-seed round. (More... <https://www.socaltech.com/fullstory/0083855.html>) *mTab Snags $15M In Credit* <https://www.socaltech.com/fullstory/0083854.html> Yorba Linda-based mTab, a developer of technology used for market insights and survey data, has raised $15M in a credit financing. According to the company, the credit financing came from Kayne Anderson Growth Capital. Terms of the financing were not announced. The company said it will use the funding to further accelerate its growth and global expansion. (More... <https://www.socaltech.com/fullstory/0083854.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 *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 ------------------------------ ------------------------------ ------------------------------ *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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