*socaltech.com <http://socaltech.com> TechNews - Monday, March 25, 2024* Edited by Benjamin F. Kuo ISSN: 1524-6736 http://www.socaltech.com/News <https://www.socaltech.com/News> ------------------------------
*Sponsored By * Bank of California (http://www.bancofcal.com) KPMG (http://home.kpmg/us/en/home/about/offices/los-angeles-1.html) Level up with KPMG ------------------------------ *Headlines * - Report: Fisker's Talks For Funding From Nissan Collapse <#0083890> - Boom Supersonic Reports Successful Test Flight <#0083889> - B. Riley Financial Gets Nasdaq Notification <#0083888> - Firestorm Labs Lands $12.5M In Seed Funding From Lockheed Martin, Others <#0083887> - Foxy.ai Gets $1.5M For AI Girlfriends <#0083886> - Boulevard Offers Up Growth Funding To Self Care Businesses <#0083885> *Marketplace* - Banc of California, 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 25, 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]. *Report: Fisker's Talks For Funding From Nissan Collapse* <https://www.socaltech.com/fullstory/0083890.html> A report this morning says that talks between Los Angeles-based EV maker Fisker Automotive and auto maker Nissan have collapsed, putting the company's future in jeopardy. According to a filing with the SEC, Fisker terminated its negotiations with an un-named auto-maker on March 22, without explaining the reasons. The publicly traded auto maker's stock has plunged in recent weeks, and the company laid off staff in February, and has been suffering from cash flow problems. (More... <https://www.socaltech.com/fullstory/0083890.html>) *Boom Supersonic Reports Successful Test Flight* <https://www.socaltech.com/fullstory/0083889.html> Mojave-based Boom Supersonic, which says it is developing a new, supersonic jet airliner, says it has successfully flown its XB-1 demonstrator aircraft, which will enable supersonic flight, aimed at bring supersonic flight back to the passenger market. The company said its XB-1 aircraft is aimed at the ultimate development of "Overture", the company's planned supersonic passenger aircraft. Black Scholl is founder and CEO of Boom Supersonic. (More... <https://www.socaltech.com/fullstory/0083889.html>) *B. Riley Financial Gets Nasdaq Notification* <https://www.socaltech.com/fullstory/0083888.html> Los Angeles-based B. Riley Financial, the provider of investment banking and other services which trades on the Nasdaq as RILY, said on Friday that it has received a "delinquency notification letter" from the Nasdaq. According to the company, the notice states that the company is "not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of the delayed filing of the Company's Annual Report on Form 10-K for the year ended December 31, 2023". (More... <https://www.socaltech.com/fullstory/0083888.html>) *Firestorm Labs Lands $12.5M In Seed Funding From Lockheed Martin, Others* <https://www.socaltech.com/fullstory/0083887.html> San Diego-based Firestorm Labs, a developer of unmanned aerial systems (UAS), says it has received $12.5M in a seed funding round. The funding came from Lockheed Martin Ventures, as well as Decisive Point, Silent Ventures, 645 Ventures, Overmatch VC, BVVC, Marquee Ventures, Cubit Capital, IronGate, Backswing Ventures, The Veteran Fund, Feld Ventures, Beyond Capital, and RedCat. (More... <https://www.socaltech.com/fullstory/0083887.html>) *Foxy.ai Gets $1.5M For AI Girlfriends* <https://www.socaltech.com/fullstory/0083886.html> Los Angeles-based *Foxy.ai <https://www.foxy.ai>*, which develops "hyper-realistic AI girlfriends" based on celebrities and influencers, says it has raised $1.5M in funding. Source of the funding was not disclosed, however, the company said the funding came from "celebrity investors, billionaires, and tech industry heavyweights". Foxy.ai's website currently lets people pick from a long menu of scantily clad, volumptuous females who send revealing photos and chat with users.(More... <https://www.socaltech.com/fullstory/0083886.html>) *Boulevard Offers Up Growth Funding To Self Care Businesses* <https://www.socaltech.com/fullstory/0083885.html> Los Angeles-based Boulevard, which develops an online platform which helps appointment-based, self-care businesses manage their business, says it has launched a new growth funding effort for its clients. According to the company, the new financial product allos Boulevard-powered salons, barbershops, spas, and medspas access to growth funding. The company said its new offering, "Boulevard Capital", is based on "demonstrated business performance rather than credit history". (More... <https://www.socaltech.com/fullstory/0083885.html>) *Banc of California, Venture Banking Group <https://www.bancofcal.com>* Banc of California is one of the nation’s premier relationship-based business banks focused on providing banking and treasury management services to small-, middle-market, and venture-backed businesses. Banc of California offers a broad range of loan and deposit products and services through more than 70 full-service branches throughout California and in Denver, Colorado, and Durham, North Carolina, as well as full-stack payment processing solutions through its subsidiary, Deepstack Technologies. The bank is committed to its local communities by supporting organizations that provide financial literacy and job training, small business support, affordable housing, and more. For more information, visit us at www.bancofcal.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 *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. 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
