Tuesday, March 19, 2024
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Banc of California, Venture Banking Group
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.


SWARM Engineering Rolls Out AI Ag Advisor
Irvine-based SWARM Engineering is rolling out a new, artificial intelligence powered tool it says is aimed at the "agrifood" industry. According to the company, its new product, AVA (AgriFood Virtual Advisor), uses AI to provide "tailored solutions that address complex challenges in the agrifood industry such as efficiency, sustainability, and profitability." SWARM Engineering is led by CEO Anthony Howcroft. The company did not say whose LLM/AI engine it is using for its product, or if it has ro (More info...)
posted on Tuesday, March 19, 2024(Full story)

Clearlake Capital, Insight Complete Alteryx Buy
Two, private equity investors--Clearlake Capital Group and Insight Partners--said today that they have completed their acquisition of Irvine-based Alteryx. The deal--worth approximately $4.4 billion -- was announced on December 18th, 2023. Alteryx is a developer of enterprise analytics software. The two private equity investors paid $48.25 per share in cash for each share of Alteryx stock.
posted on Tuesday, March 19, 2024(Full story)

Loop Media Swizzles Execs, Cuts Staff, Seeks Buyer
Glendale-baed Loop Media said Monday that it has appointed a new, interim CEO, has changed other executives, and has laid off staff--and is now seeking "potential strategic alternatives and financing opportunities". The company provides multichannel, streaming TV, including music videos, sports, news, premium entertainment channels and digital signage for businesses. According to the company, its CEO, Jon Niermann, is stepping down, and Justis Kao has been appointed Interim CEO; Niermann was mos (More info...)
posted on Tuesday, March 19, 2024(Full story)

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From Idea to IPO - KPMG’s Emerging Growth Practice
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