*socaltech.com <http://socaltech.com> TechNews - Monday, May 13, 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 * - Fisker Adds New Dealers, Drops Destination Fees <#0083954> - Gnomi Courts Journalists for Articles <#0083953> - Newegg Gets Nasdaq Warning <#0083952> - Sensible Weather Links With Outdoorsy <#0083951> - Fisker Being Probed For Braking Issues <#0083950> - Komo Tech Partners With Fanatics <#0083949> - Report: Used Pelotons Flooding LA Market <#0083948> - Aardvark Therapeutics Raises $85M <#0083946> - Toyota Sets Up Fuel Cell Headquarters In Gardena <#0083947> *Marketplace* - Pixelgate.net - Internet Access, Web Hosting, Network Services <#ad796> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> *Monday, May 13, 2024* *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. *Fisker Adds New Dealers, Drops Destination Fees* <https://www.socaltech.com/fullstory/0083954.html> Los Angeles-based EV maker Fisker Inc. is trying to drum up more sales, saying today that it is waiving its $2,438 Destination and Handling charge for its 2023 Fisker Ocean Extremes and Ultras. The company also said it has added two new dealer partners in California, with one in Orange County (Newport Fisker) and one in San Jose (Fisker of San Jose). Fisker says it now has fifteen dealer partner locations and distributorships in the US and territories. (More... <https://www.socaltech.com/fullstory/0083954.html>) *Gnomi Courts Journalists for Articles* <https://www.socaltech.com/fullstory/0083953.html> Los Angeles-based Gnomi said it is looking to pay journalists for articles, based on a "per article" negotiated article, as part of its machine learning/AI technology which translates and aggregates news. The company did not say how much it will pay journalists for their content, or if that content will be used to train its own machine learning software. (More... <https://www.socaltech.com/fullstory/0083953.html>) *Newegg Gets Nasdaq Warning* <https://www.socaltech.com/fullstory/0083952.html> City of Industry-based Newegg said last week it has received a warning from The Nasdaq Capital Market, saying that the company is "currently not in compliance with the minimum bid price requirement" for the Nasdaq, as its closing bid price has been below $1.00 per share for a period of 30 consecutive business days. Newegg currently trades on the Nasdaq as NEGG. The company said it has until November 4, 2024, to regain compliance. ( More... <https://www.socaltech.com/fullstory/0083952.html>) *Sensible Weather Links With Outdoorsy* <https://www.socaltech.com/fullstory/0083951.html> Los Angeles-based Sensible Weather, which provides weather-based insurance coverage to travelers, says it has linked up with digital insurance platform Roamly. According to the company, it will offer "Weather Guarantees" for travelers booking a trip on the RV rental platform Outdoorsy. The company said will issue customers who purchase their insurance "proactive reimbursements when their experiences are affected by undesirable weather". (More... <https://www.socaltech.com/fullstory/0083951.html>) *Fisker Being Probed For Braking Issues* <https://www.socaltech.com/fullstory/0083950.html> Los Angeles-based EV maker Fisker Automotive is facing more headwinds, as it apparently is facing investigation over inadvertant activation of its automatic emergency braking system. According to the NHTSA report, there have been multiple reports of "sudden vehicle deceleration" in the Fisker Ocean. So far, 8 reports have been submitted on model year 2023 Fisker Ocean vehicles. (More... <https://www.socaltech.com/fullstory/0083950.html>) *Komo Tech Partners With Fanatics* <https://www.socaltech.com/fullstory/0083949.html> Los Angeles-based *Komo Tech* said this week it has partnered with *Fanatics <https://www.fanatics.com>*. Financial details of the partnership were not announced. According to Komo Tech, it will help Fanatics Events with "new levels of fan engagement". The company said it provides a "next-gen customer engagement platform" which includes things like immersive games, polls, competitions, and more. Joel Steel is CEO and Co-founder of Komo Tech.(More... <https://www.socaltech.com/fullstory/0083949.html>) *Report: Used Pelotons Flooding LA Market* <https://www.socaltech.com/fullstory/0083948.html> A new report says that used Pelotons are flooding the Los Angeles market <https://boingboing.net/2024/05/09/as-the-company-founders-used-pelotons-flood-the-la-market.html> as a result of the company's financial issues. According to the report, users seem to be tiring of the recurring subscriptions. Peloton is reportedly seeking a private equity buyer.(More... <https://www.socaltech.com/fullstory/0083948.html>) *Aardvark Therapeutics Raises $85M* <https://www.socaltech.com/fullstory/0083946.html> San Diego-based Aardvark Therapeutics announced today that it has raised $85M in a Series C funding round. The funding was led by Decheng Capital and also included Cormorant Asset Management, Surveyor Capital, SymBiosis, Tetragon Financial Group, Walleye Capital, Laurion Capital Management, LG Technology Ventures, Cantor Fitzgerald & Co, Silver Arc Private Capital, The Prader-Willi Syndrome Association – USA, Vickers Venture Partners and the Foundation for Prader-Willi Research. (More... <https://www.socaltech.com/fullstory/0083946.html>) *Toyota Sets Up Fuel Cell Headquarters In Gardena* <https://www.socaltech.com/fullstory/0083947.html> Toyota has set up its fuel cell technology headquarters in Gardena, as part of the company's efforts to research, develop, commercialize, and sell fuel cell and hydrogen-related products, according to the company. Toyota Motor North America (TMNA) said last week that it is renaming its R&D office in Gardena as its "North American Hydrogen Headquarters (H2HQ)" and will focus on commercialization planning and sales of hydrogen-related products and technologies. (More... <https://www.socaltech.com/fullstory/0083947.html>) *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 *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 ------------------------------ *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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