*socaltech.com <http://socaltech.com> TechNews - Thursday, April 18, 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 * - Angeles Equity Partners Rolls Up Another Company <#0083921> - CommentSold Launches AI-Powered Video Generator <#0083920> - Report: Former SpaceX Exec Launches New VC Firm <#0083919> - BlackLine Names New CTO <#0083918> - MixMode Enhances AI Cybersecurity Product <#0083917> - Ecotrak Gets $30M <#0083915> - Yardi Adds Support For Federal Energy Rebate and Solar Programs <#0083916> - BlackLine Joins AI Bandwagon <#0083914> - Wave Energy Company Plans Project At Port of Los Angeles <#0083913> *Marketplace* - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Banc of California, Venture Banking Group <#ad797> - Pixelgate.net - Internet Access, Web Hosting, Network Services <#ad796> *Thursday, April 18, 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]. *Angeles Equity Partners Rolls Up Another Company* <https://www.socaltech.com/fullstory/0083921.html> Los Angeles-based private equity investor *Angeles Equity Partners* said this week that one of its portfolio companies, *Data Clean Corporation*, has acquired *DC Canada, Inc.*, a provider of decontamination services for data centers across Canada. Financial details of the buy were not announced. Angeles Equity Partners and Data Clean said the acquisition is the fourth strategic acquisition by Data Clean since its acquisition by Angeles Equity.(More... <https://www.socaltech.com/fullstory/0083921.html>) *CommentSold Launches AI-Powered Video Generator* <https://www.socaltech.com/fullstory/0083920.html> Los Angeles-based CommentSold announced this week that it has launched a new, AI-powered software product which automatically pulls video from livestreams, aimed at helping to provide e-commerce sales. According to the company, the new product--AI ClipHero, uses AI to "sift through livestream content, pinpointing moments that are most likely to captivate audiences. ( More... <https://www.socaltech.com/fullstory/0083920.html>) *Report: Former SpaceX Exec Launches New VC Firm* <https://www.socaltech.com/fullstory/0083919.html> A former executive of SpaceX appears to have set up a new venture capital firm in El Segundo, according to a regulatory filing. The new venture firm is apparently named Interlagos Capital. According to reports, the new company is led by former SpaceX exec Tom Ochinero, who was most recently SpaceX's Senior Vice President of Commercial Business. (More... <https://www.socaltech.com/fullstory/0083919.html>) *BlackLine Names New CTO* <https://www.socaltech.com/fullstory/0083918.html> Los Angeles-based accounting and finance software developer *BlackLine <https://www.blackline.com>* announced this morning that it has named Jeremy Ung as the company's Chief Technology Officer (CTO). The company said Ung was most recently CTO at Apptio, and also had served at Amazon Web Services, Microsoft, and MDA.(More... <https://www.socaltech.com/fullstory/0083918.html>) *MixMode Enhances AI Cybersecurity Product* <https://www.socaltech.com/fullstory/0083917.html> Santa Barbara-based MixMode, which develops AI-powered cybersecurity software, says it has launched new enhancements to its platform. According to the company, the additions include AI-powered threat prioritization, which it says helps "surface the most severe and time-sensitive threats" to organizations. The company said the features are included to all of its customers as part of its latest release of its platform. MixMode is backed by PSG and Entrada Ventures. (More... <https://www.socaltech.com/fullstory/0083917.html>) *Ecotrak Gets $30M* <https://www.socaltech.com/fullstory/0083915.html> Irvine-based Ecotrak, the developer of software used for facility management, has raised $30M in a funding round, the company said this morning. The funding was led by Respida Capital, and also included Carver Road Capital, plus Gala Capital Partners, an existing investor. The company said it will use the funding for product development and go-to-market. ( More... <https://www.socaltech.com/fullstory/0083915.html>) *Yardi Adds Support For Federal Energy Rebate and Solar Programs* <https://www.socaltech.com/fullstory/0083916.html> Santa Barbara-based Yardi said this morning that it has added new support for state and local agencies who are helping to implement programs under the Inflation Reducation Act (IRA) of 2021. According to the company, its new tool--Energy Relief from Yardi--helps state agencies administering programs such as Solar for All, Home Energy Rebates and Home Electrification and Appliance Rebates. (More... <https://www.socaltech.com/fullstory/0083916.html>) *BlackLine Joins AI Bandwagon* <https://www.socaltech.com/fullstory/0083914.html> Los Angeles-based accounting software developer BlackLine announced a new, AI-powered feature, joining the trend of companies adopting AI in their software. According to BlackLine, its new product, Journals Risk Analyser, uses generative AI to "provide key trends, insights, and anomaly detection associated with journal entries". (More... <https://www.socaltech.com/fullstory/0083914.html>) *Wave Energy Company Plans Project At Port of Los Angeles* <https://www.socaltech.com/fullstory/0083913.html> A European developer of a system for generating power from waves, Eco Wave Power Global AB, says it has signed a contract to demonstrate its wave energy systems at the Port of Los Angeles. The company said the demonstration project--run with a "major energy company"--will be its first project in the United States. (More... <https://www.socaltech.com/fullstory/0083913.html>) *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 *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 ------------------------------ *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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