*socaltech.com <http://socaltech.com> TechNews - Friday, July 19, 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 * - Worldwide IT Outage Attributed To Crowdstrike <#0084001> - Founder Of Fandango Dies In Plunge From Manhattan Hotel <#0084000> - Tinder Uses AI For Finding Better Photos <#0083999> - DOG PPL Gets Funding For Pet Social Clubs <#0083998> - SpaceX To Exit LA <#0083997> - Alvys Gets $20.5M For Logistics, Supply Chain Software <#0083995> - Fugo Pitches Centrifugal 3D printing <#0083996> - Match's Chispa Looks to Ramp Up Users With College Tour <#0083994> - Atllas Applies AI To Real Estate Cold Calls <#0083993> - VW To Invest $5 Billion in Rivian <#0083992> *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> *Friday, July 19, 2024* *Worldwide IT Outage Attributed To Crowdstrike* <https://www.socaltech.com/fullstory/0084001.html> A worldwide IT outage--which resulted in chaos in airports, delayed hospital procedures, and more--has been blamed on a end of week update pushed out to Windows machines worldwide by IT management software company Crowdstrike. The update apparently resulted in a "Blue Screen of Death" for millions of corporate Windows computers, resulting in a need for manually removing a file on every single computer impacted. (More... <https://www.socaltech.com/fullstory/0084001.html>) *Founder Of Fandango Dies In Plunge From Manhattan Hotel* <https://www.socaltech.com/fullstory/0084000.html> The founder of Los Angeles-based *Fandango <https://www.fandango.com>*, *J. Michael Cline*. has died after a plunge from a Manhattan hotel, according to the NY Times <https://www.nytimes.com/2024/07/18/nyregion/fandango-j-michael-cline-dead.html>. Cline--who was living in Palm Beach, Florida--reportedly fell from the 20th story of the hotel. Cline was also managing partner of venture capital firm Accretive.(More... <https://www.socaltech.com/fullstory/0084000.html>) *Tinder Uses AI For Finding Better Photos* <https://www.socaltech.com/fullstory/0083999.html> Los Angeles-based dating app developer Tinder has rolled out a new, AI-powered feature which helps its users find better photos. According to Tinder, the new Photo Selector feature will look through a user's camera roll to find photos which might work as a user's best profile photo, based on lighting, composition, and more -- and also filters out photos that Tinder says may appear to violate its Terms of Use and Community Guidelines. (More... <https://www.socaltech.com/fullstory/0083999.html>) *DOG PPL Gets Funding For Pet Social Clubs* <https://www.socaltech.com/fullstory/0083998.html> Santa Monica-based DOG PPL, which operates a "canine social club", has received an investment from venture capital investment fund Ani.VC, the two said on Wednesday. Size of the investment was not announced. According to Ani.VC, the investment in DOG PPL is its very first. The investor said it is investing $35M over the next three years to companies in the pet longevity, health, and nutrition/consumables markets. (More... <https://www.socaltech.com/fullstory/0083998.html>) *SpaceX To Exit LA* <https://www.socaltech.com/fullstory/0083997.html> Hawthorne-based SpaceX will be moving from the Los Angeles area to Texas, according to a post by Elon Musk. Musk cited a new law which prohibits school policies that require parents to be alerted if their child wishes to change pronouns or identifies as transgender. It's unclear when that move might take place, and what operations might remain in the state. Musk has made inflammatory statements about the LGBTQ community in the past, including his own daughter, who identifies as transgender. (More... <https://www.socaltech.com/fullstory/0083997.html>) *Alvys Gets $20.5M For Logistics, Supply Chain Software* <https://www.socaltech.com/fullstory/0083995.html> Solana Beach-based Alvys, a developer of logistics and supply chain management software, announced today that it has raised $20.5M in a Series A funding round. The funding was led by Titanium Ventures (formerly Telstra Ventures), and also included Picus Cpaital, RTP, and Bonfire. The company said it s working on becoming a "global standard logistics operating platform for logistics and supply chain management". The company's founder and CEO is Nick Darman. (More... <https://www.socaltech.com/fullstory/0083995.html>) *Fugo Pitches Centrifugal 3D printing* <https://www.socaltech.com/fullstory/0083996.html> Los Angeles-based *Fugo Precision 3D <https://www.fugo3d.com>* announced today that it has launched a "centrifugal 3D printer", which it says provides layerless 3D printing, sub-30-micron accuracy and throughput up to ten times faster than traditional stereolithography (SLA) printers. The company said it plans to have production machines in Q2 of 2024. The company's founder is Bryan Allred.(More... <https://www.socaltech.com/fullstory/0083996.html>) *Match's Chispa Looks to Ramp Up Users With College Tour* <https://www.socaltech.com/fullstory/0083994.html> Chispa, a dating app focused on US Latinos--part of Match Group--says it is launching a "summer college tour" as part of an outreach. The dating app said it partnering with Sorri Papi, "The Only Girls Party" to enable "vibrant cultural connections" facilitated by Chispa. The tour will include "music, dancing, and opportunities for attendees to connect and celebrate Latino culture". (More... <https://www.socaltech.com/fullstory/0083994.html> ) *Atllas Applies AI To Real Estate Cold Calls* <https://www.socaltech.com/fullstory/0083993.html> Los Angeles-based software developer *Atllas <https://www.atllas.com>*, a developer of real estate software, says it is launching a product hat uses AI to automated cold calling for real estate prospects. It's unclear from the company whether the AI is doing the actual cold calling and interaction with users. Atllas says it is venture backed by Charles Schwab, Great Oaks VC, Ambridge Capital, and angels. The company says it was founded by Neema Bardi.(More... <https://www.socaltech.com/fullstory/0083993.html>) *VW To Invest $5 Billion in Rivian* <https://www.socaltech.com/fullstory/0083992.html> Auto maker Volkswagen Group said this week that it will invest up to $5 billion in Irvine-based EV maker Rivian. According to the two, they are in a joint venture to create a "next generation software-defined vehicle" platform for both companies' future electric vehicles. The deal is split beteen an initial $1 billion investment in Rivian, and up to $4 billion in planned additional investments. (More... <https://www.socaltech.com/fullstory/0083992.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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