*socaltech.com <http://socaltech.com> TechNews - Thursday, June 20, 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 * - Pomerium Picks Up $13.75M <#0083987> - Kinetic Collects $21M <#0083986> - Additional Fisker Entities Go Into Chapter 11 <#0083985> - Liquid Instruments Raises $12M <#0083984> - Roddenberry Foundation Launches $1M Early-Stage AI Prize <#0083982> - Divergent Technologies Names Chief Strategy Officer <#0083983> - Fisker Recalls Oceans For Software Issues <#0083981> - GITAI Selected For NASA SBIR <#0083980> - Stanly Snags $8M For Fan Engagement <#0083979> - LA Company Pitches AI-Powered Cat Litter Box <#0083978> *Marketplace* - Banc of California, Venture Banking Group <#ad797> - 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> *Thursday, June 20, 2024* *Pomerium Picks Up $13.75M* <https://www.socaltech.com/fullstory/0083987.html> Los Angeles-based Pomerium, which says it has created a secure, clientless way to control web applications without a corporate VPN, says it has raised $13.75M in a Series A funding round. The funding was led by Benchmark, and also included Bain Capital, Haystack, SNR, and Oleg Rogynskyy, founder of People.AI. The company said that Benchmark's Eric Vishria will join the company's board as part of the funding. Pomerium's CEO and founder is Bobby Desimone. (More... <https://www.socaltech.com/fullstory/0083987.html>) *Kinetic Collects $21M* <https://www.socaltech.com/fullstory/0083986.html> Santa Ana-based Kinetic, a startup which provides maintenance and servicing for electric vehicles and vehicles with advanced driver assistance systems, says it has raised $21M in a Series B funding round. The funding was led by Menlo Ventures, and also included Lux Capital, Construct Capital and Haystack Ventures plus new investors Allstate Strategic Ventures and Liberty Mutual Strategic Ventures. The company said funding will go towards adding technology and engineering talent to its team. (More... <https://www.socaltech.com/fullstory/0083986.html>) *Additional Fisker Entities Go Into Chapter 11* <https://www.socaltech.com/fullstory/0083985.html> Los Angeles-based Fisker Automotive said on Wednesday that Fisker Inc. and its other U.S. subsidiaries have entered into Chapter 11, following the Chapter 11 filing of parent company Fisker Group Inc. on Monday. According to Fisker, discussions regarding the sale of its assets remain ongoing. ( More... <https://www.socaltech.com/fullstory/0083985.html>) *Liquid Instruments Raises $12M* <https://www.socaltech.com/fullstory/0083984.html> San Diego- and Canberra, Australia-based Liquid Instruments said Wednesday that it has raised $12M in a funding round. The funding was led by Breakthrough Victoria, and also included Lockheed Martin Ventures, Acorn Capital, and Powerhouse Ventures. The company said $10M of the round came from Breakthrough. According to the company, it will use the funding to "significantly expand" its manufacturing operations in Australia, establish a new office in Melbourne, and scale its global operations. (More... <https://www.socaltech.com/fullstory/0083984.html>) *Roddenberry Foundation Launches $1M Early-Stage AI Prize* <https://www.socaltech.com/fullstory/0083982.html> The Roddenberry Foundation said on Tuesday that it has launched a $1M prize aimed at early-stage ventures that use artificial intelligence (AI) to benefit humanity. According to the foundation, the prize is named after Gene Roddenberry, the creator of Star Trek. The foundation said the prize "embodies the Roddenberry philosophy's promise of a future in which technology and human ingenuity enable everyone—regardless of background—to thrive. (More... <https://www.socaltech.com/fullstory/0083982.html>) *Divergent Technologies Names Chief Strategy Officer* <https://www.socaltech.com/fullstory/0083983.html> Los Angeles-based Divergent Technologies, a developer of a digital manufacturing system, says it has named a new Chief Strategy Officer for Aerospace and Defense. Divergent said that Nathan Diller--a retired United States Air Force Colonel--has been named to the position. Divergent said Diller most recently served on the staff of the U.S. House of Representatives Appropriations Subcommittee on Defense. (More... <https://www.socaltech.com/fullstory/0083983.html>) *Fisker Recalls Oceans For Software Issues* <https://www.socaltech.com/fullstory/0083981.html> Los Angeles-based electric car maker Fisker Inc. has recalled the Fisker Ocean, as part of two, voluntary recalls for software related issues. According to Fisker, it is recalling a total of 11,201 Fisker Oceans across the U.S., Canada, and Europe, due to an issue which can lead to "a loss of motor power". The company said it will provide and over-the-air update for the issue, which affects the vehicles' Motor Control Unit (MCU) and Vehicle Control Unit (VCU) software. (More... <https://www.socaltech.com/fullstory/0083981.html>) *GITAI Selected For NASA SBIR* <https://www.socaltech.com/fullstory/0083980.html> Torrance-based space robotics startup *GITAI USA <https://gitai.tech>* said it has been selected for a NASA Small Business Innovation Research (SBIR) Phase 1 program. According to the company, it has been selected for a project, titled "Assembly and Outfitting of Tall Truss-Based Power Towers", which it says is aimed at building tall truss-based towers on the Moon using autonomous lunar robots. Financial impact of the win was not announced.(More... <https://www.socaltech.com/fullstory/0083980.html>) *Stanly Snags $8M For Fan Engagement* <https://www.socaltech.com/fullstory/0083979.html> Los Angeles-based Stanly, a startup which says it is developing a platform for "fans to connect, engage, and celebrate their favorite fandoms", has raised $8M in a pre-Series A funding, the company announced this morning. The company said the funding was led by C Capital (Adrian Cheng), along with AppWorks, Goodwater, Palm Drive Capital, and others. The company said its founders are Rebecca Leung, Liberty City Ventures, and Popular Culture. (More... <https://www.socaltech.com/fullstory/0083979.html>) *LA Company Pitches AI-Powered Cat Litter Box* <https://www.socaltech.com/fullstory/0083978.html> A Los Angeles-based company, PETKIT, says it as raised over $200,000 for an "AI-powered cat litter box", which it says it is working on developing. The company says it is developing a "next-generation AI-powered cat litter box, featuring multi-cat facial recognition, toilet behavior tracking, data-driven analyses and more". (More... <https://www.socaltech.com/fullstory/0083978.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 *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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