socaltech.com TechNews - Thursday, July 31, 2014 Edited by Benjamin F. Kuo ISSN: 1524-6736 http://www.socaltech.com/News ------------------------------------------------------------------------ Sponsored by:
TVC Capital LLC (www.tvccapital.com) Investments and acquisitions of growing software companies. Binary Pulse Technology Marketing (http://www.binarypulse.com). We Create Demand for California's Technology Companies. Deloitte LLP (http://www.deloitte.com/us/technology). Fetch Recruiting, Inc. (http://www.fetchrecruiting.com) Technical Recruiting for LA based Startups and High-Growth Companies Key info (http://www.keyinfo.com) infrastructure ~ connectivity ~ co-location ~ cloud ------------------------------------------------------------------------ --Report: Apple Cutting Beats Staff --Insights: Amidst Change is a Constant: Life is Still Two-Way --Invoca Trumpets Sales Figures --BlackLine Reports 60 Percent Rise In Revenues --Portfolium Raises $900,000 In Seed Funding --Cie Games Acquired By Glu Mobile For $100M --3D Robotics Buys Sifteo --Report: Snapchat In Funding Talks With Alibaba --SoCal BitCoin Angel Brock Pierce Leads Investment In ZipZap --Karlin, A-Grade Get Exit At Gyft --Beyond Meat Gets Series D --AmazonFresh Expands To San Diego --XIFIN Acquired By GTCR MARKETPLACE --SoCal IP Law Group LLP - Serving the IP Needs of Business --La Visual - A Branding, Product Strategy & Rapid Prototyping Accelerator --Stubbs Alderton & Markiles, LLP Expands Santa Monica Office --Find Help To Power Your Firm To The Next Level RECENT JOB POSTINGS --Business Development Director, Los Angeles, Colony Logic --Business Development Executive, Los Angeles, CA, Team(You), Inc. --Inside Sales Rep, Los Angeles, CA, Team(You), Inc. --Director Of Business Development, Pasadena, Stanton Chase International --Systems Administrator, Downtown Los Angeles, DreamHost --Product Lead, Aliso Viejo, GridMeNow, LLC RECENT FUNDING EVENTS ------------------------------ADVERTISEMENT------------------------------- Safire Partners Executive Search Safire Partners has completed 300+ retained executive searches since 2006 working with emerging businesses in Southern California. Please visit our website to see an updated list of our clients and searches completed at http://www.safirepartners.com/. We are always interested in meeting new candidates and potential clients, so feel free to email our Managing Partner, Todd Gitlin at t...@safire.la. --------------------------------------------------------------------------- Report: Apple Cutting Beats Staff ---- It looks like Apple Computer is in the midst of pruning away staff over at Santa Monica-based Beats, two months after it acquired both Beats Electronics and Beats Music for $3 billion. (More...) http://www.socaltech.com/report_apple_cutting_beats_staff/s-0056231.html Insights: Amidst Change is a Constant: Life is Still Two-Way ---- For today's Insights and Opinions section, we share an essay from Sally Falkow, founder and president of Meritus Media, a digital public relations and social media agency based in the Los Angeles-area: Social media. Wherever you go, you see and hear about it. But it was not that way 20 years ago. In fact, 20 years ago, it did not even exist. If you were transported back two decades to 1994 and described today’s world to a group of people, they would have said that you were crazy. (More...) http://www.socaltech.com/insights_amidst_change_is_a_constant/s-0056232.html --------------------------------------------------------------------------- Invoca Trumpets Sales Figures ---- Santa Barbara-based call marketing automation software developer Invoca, which is led by Jason Spievak, said yesterday that its systems have converted $2.5 billion in sales for its customers since the company was founded. (More...) http://www.socaltech.com/invoca_trumpets_sales_figures/s-0056230.html BlackLine Reports 60 Percent Rise In Revenues ---- Los Angeles-based financial software developer BlackLine Systems, which develops financial close automation software, reported yesterday that its revenues were up nearly 60 percent in the second quarter of 2014, compared to the prior year. The company--whose software is used by companies to speed up preparation of their quarterly reports--did not report any actual revenue numbers. BlackLine said it signed up such new clients as the Boston Globe, JetBlue, Keurig Green Mountain, Thales Australia, and many others. BlackLine says it now has more than 880 clients around the world. The company is led by Therese Tucker. Portfolium Raises $900,000 In Seed Funding ---- San Diego-based Portfolium, a startup developing an online platform to share a students' academic portfolio, has raised $900,000 in a seed funding, according to startup incubator EvoNexus. The funding came from the Tech Coast Angels, Taner Halicioglu of Keshif Ventures, and others. Portfolium is based in EvoNexus, which said this newest funding brings the total raised by its startups to $573M. Portfolium was also part of EvoStart, the early stage accelerator run by EvoNexus. http://www.socaltech.com/intelligence/?action=showdeal&id=58787 Cie Games Acquired By Glu Mobile For $100M ---- Long Beach-based Cie Games, the maker of the social and mobile game Car Town and Racing Rivals, has been acquired by Glu Mobile, the two said Wednesday afternoon, in a deal worth $100M. (More...) http://www.socaltech.com/cie_games_acquired_by_glu_mobile_for____m/s-0056227.html 3D Robotics Buys Sifteo ---- 3D Robotics, the developer of personal drone and unmanned aerial vehicles headed by former Wired editor Chris Anderson, has acquired Sifteo, a developer of embedded computing products. Financial terms of the buy were not disclosed. Sifteo had initially been aiming its technology at the toy market, and was based on research out of MIT. Sifteo was venture backed by True Ventures and Foundry Group; 3D Robotics is venture backed by Mayfield. 3D Robotics has its engineering facilities in San Diego. Report: Snapchat In Funding Talks With Alibaba ---- Venice-based Snapchat is reportedly in talks with Alibaba for more funding, in a deal which values Snapchat at $10 billion. The report, from Bloomberg, did not say how much Snapchat is looking to raise from Alibaba. Bloomberg cited "people with knowledge of the situation." Neither of the companies have commented on the rumors. http://www.socaltech.com/report_snapchat_in_funding_talks_with_alibaba/s-0056223.html SoCal BitCoin Angel Brock Pierce Leads Investment In ZipZap ---- Brock Pierce, the Southern California angel investor who is one of the most active proponents and investors in Bitcoin and its startups, has made another investment in the space, leading an AngelList syndicate funding of ZipZap. ZipZap operates an online, global transaction network focused on letting consumers buy, sell, and use digital currency like Bitcoin. (More...) http://www.socaltech.com/socal_bitcoin_zipzap/s-0056222.html http://www.socaltech.com/intelligence/index.php?action=showdeal&id=59025 Karlin, A-Grade Get Exit At Gyft ---- Two, Southern California venture capital investors---A-Grade Investments, the investment company run by Ashton Kutcher, and Karlin Ventures, which is managed by TX Zhou--have scored what looks like a nice exit over at Gyft, a mobile gift card service. (More...) http://www.socaltech.com/karlin_a_grade_get_exit_at_gyft/s-0056219.html Beyond Meat Gets Series D ---- El Segundo-based Beyond Meat, a developer of plant-based, meat alternatives that look like chicken, beef strips, and ground beef, has raised a Series D funding round, according to the company. The funding came from DNS Capital (family office of Gigi Pritzker Pucker and Michael Pucker), WIT Investment (Taiwan's Tsai family office), S2G Ventures, as well as Kleiner Perkins Caufield & Byers, (More..) http://www.socaltech.com/beyond_meat_gets_series_d/s-0056215.html AmazonFresh Expands To San Diego ---- AmazonFresh, the online grocery and product delivery service run by e-commerce giant Amazon.com, expanded into San Diego Tuesday , as the company starts to expand operations nationwide. The service--which has been available in Los Angeles since last year, and also operates in Seattle and San Francisco--offers up same day deliveries of everything from grocery products to consumer electronics and books. XIFIN Acquired By GTCR ---- San Diego-based XIFIN, a developer of cloud-based software for the healthcare diagnostics market, has been acquired by private equity investor GTCR. Financial terms of the buy were not disclosed. GTCR said that founder and CEO Lale White will continue to lead the company. XIFIN supplies its software in the molecular diagnostics, pain management/toxicology, anatomic pathology, radiology, hospital outreach, medical device and clinical laboratory markets. GTCR said the investment came from its $3.85 billion GTCR Fund XI, with additional funding provided by GE Capital and CapitalSource. GTCR was advised by Kirkland & Ellis LLP in the deal. XIFIN's backers include Boulder Ventures, Enterprise Partners, and Windward Ventures. --------------------------------------------------------------------------- MARKETPLACE Reach 10000+ readers for 5 days for $250 Post your marketplace ad at: http://www.socaltech.com/postad.html ------------------------------ADVERTISEMENT------------------------------- SoCal IP Law Group LLP - Serving the IP Needs of Business IP Litigation . IP Transactions . Patent & Trademark Prosecution . IP Strategy . Westlake Village . Santa Barbara . Irvine. i...@socalip.com 805-230-1350 www.socalip.com ------------------------------ADVERTISEMENT------------------------------- La Visual - A Branding, Product Strategy & Rapid Prototyping Accelerator Local branding agency launches a new design-centric accelerator program. We help you streamline the launch of your startup by offering world-class branding, product strategy, user-experience design, rapid-prototyping technology, mentorship, and access to early stage investment all under one roof! Contact us to setup a meet and greet today. Contact: Braven Greenelsh CEO bra...@lavisual.com i...@lavisual.com Direct: 323-924-8847 | Studio: 818-824-6430 | Fax: 888-763-7412 Website: Lavisual.com Linkedin Profile: www.linkedin.com/in/braven ------------------------------ADVERTISEMENT------------------------------- Stubbs Alderton & Markiles, LLP Expands Santa Monica Office Stubbs Alderton & Markiles, LLP, Southern California’s leading business law firm, has announced the expansion of its Santa Monica office at 1453 3rd Street Promenade, Santa Monica, CA. This office is located on the corner of Third Street Promenade and Broadway Boulevard. The growth of the Firm and its Preccelerator Program has provided the opportunity for this expansion. The new office opening makes an inspiring statement about the support and involvement that Stubbs Alderton will continue to contribute to the Silicon Beach marketplace. - See more at: http://stubbsalderton.com/2014/02/stubbs-alderton-markiles-llp-announces-expansion-of-santa-monica-office/#sthash.rnx9hD8o.dpuf ------------------------------ADVERTISEMENT------------------------------- Find Help To Power Your Firm To The Next Level Need some business help powering your company to the next stage? Can't figure out who understands startups and high tech in Southern California? Need help with a business plan, ramping sales, and more? We've compiled a list of people who can help--who already have high tech clients here: http://www.socaltech.com/services/Consulting/Business/ ------------------------------ADVERTISEMENT------------------------------- ------------------------------------------------------------------------ RECENT JOB POSTINGS More jobs at http://www.socaltech.com/Jobs Members post jobs for free Business Development Director, Los Angeles, Colony Logic http://www.socaltech.com/showjob.php?id=5587 Business Development Executive, Los Angeles, CA, Team(You), Inc. http://www.socaltech.com/showjob.php?id=5586 Inside Sales Rep, Los Angeles, CA, Team(You), Inc. http://www.socaltech.com/showjob.php?id=5585 Director Of Business Development, Pasadena, Stanton Chase International http://www.socaltech.com/showjob.php?id=5584 Systems Administrator, Downtown Los Angeles, DreamHost http://www.socaltech.com/showjob.php?id=5583 Product Lead, Aliso Viejo, GridMeNow, LLC http://www.socaltech.com/showjob.php?id=5582 ------------------------------------------------------------------------ RECENT FUNDING SUMMARY 07/30/14 Beyond Meat $0.0M http://www.socaltech.com/intelligence/?action=showdeal&id=58980 07/30/14 Epic Sciences $30.0M http://www.socaltech.com/intelligence/?action=showdeal&id=58979 07/29/14 Kixer $1.0M http://www.socaltech.com/intelligence/?action=showdeal&id=58952 07/29/14 Pogoseat $2.5M http://www.socaltech.com/intelligence/?action=showdeal&id=58948 07/25/14 Brain Corporation $0.0M http://www.socaltech.com/intelligence/?action=showdeal&id=58864 07/24/14 Airware $25.0M http://www.socaltech.com/intelligence/?action=showdeal&id=58923 07/24/14 UNDERGROUND SOLUTIONS $45.0M http://www.socaltech.com/intelligence/?action=showdeal&id=58859 07/23/14 Edgewave FKA St. Bernard Software $6.0M http://www.socaltech.com/intelligence/?action=showdeal&id=58805 07/21/14 Dealflicks $1.7M http://www.socaltech.com/intelligence/?action=showdeal&id=58799 07/21/14 Ayannah $1.0M http://www.socaltech.com/intelligence/?action=showdeal&id=58794 07/17/14 Portfolium, Inc. $0.9M http://www.socaltech.com/intelligence/?action=showdeal&id=58787 07/17/14 Edico Genomics $10.0M http://www.socaltech.com/intelligence/?action=showdeal&id=58766 07/16/14 Fitwall $0.0M http://www.socaltech.com/intelligence/?action=showdeal&id=58760 07/09/14 Common Interest Communities $10.0M http://www.socaltech.com/intelligence/?action=showdeal&id=58742 07/07/14 Adtile FKA TenFarms $4.5M http://www.socaltech.com/intelligence/?action=showdeal&id=58599 07/02/14 Drybar $20.0M http://www.socaltech.com/intelligence/?action=showdeal&id=58547 07/02/14 Ocean Aero $0.0M http://www.socaltech.com/intelligence/?action=showdeal&id=58544 --------------------------------------------------------------------------- Upcoming Events This Month http://www.socaltech.com/Calendar socaltech.com Calendar of Southern California High Tech Events Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html July 31, Los Angeles Westside -- Growth Capital Conference. Network with capital sources, advisors, deal makers and 100 entrepreneurs seeking capital & counsel. DEAL DISPLAYtm showcases growing firms needing capital. View products, videos, online demos. See http://www.socaltech.com/calendar/eventid/24123 July 31, Los Angeles -- Growth Capital Conference. Network with capital sources, advisors, deal makers and 100 entrepreneurs seeking capital & counsel. DEAL DISPLAYtshowcases growing firms needing capital. View products, videos, online demos. See http://www.socaltech.com/calendar/eventid/24180 July 31, Santa Monica -- Mobile LAVA: Digital and Mobile Music. Special performance: LA based recording Artist Lily Kershaw will perform beginning at 7pm. If you happen to be a Criminal Minds fan you will recognize her music - her songs have been played in a few season finales. Digital and Mobile Music: What's Next? On July 31st at Cross Campus in Santa Monica, the next Mobile LAVA program will explore the digital music landscape today and attempt to shed some light across the next 3-5 year horizon. We have recruited a panel of industry "rockstars" representing the venture, startup, music label, artist, and technology points-of-view who will share their experience and expertise with our growing, innovative local tech and entrepreneur community.. See http://www.socaltech.com/calendar/eventid/24220 July 31, Santa Monica -- Summer Tech Mixer. Join Tech in Motion LA for a night of networking, food and drinks with fellow LA techies. See http://www.socaltech.com/calendar/eventid/24192 July 31, Santa Monica -- Summer Tech Mixer. Want to meet some cool techies like yourself? Interested in interacting with highly skilled developers? Do you have a new application you would like to tell people about? Or do you just love technology. See http://www.socaltech.com/calendar/eventid/24198 August 1, Burbank -- Startup Weekend San Fernando Valley. Whether entrepreneurs found companies, find a cofounder, meet someone new, or learn a skill far outside their usual 9-to-5, everyone is guaranteed to leave the event better prepared to navigate the chaotic but fun world of startups. see http://sfv.startupweekend.or. See http://www.socaltech.com/calendar/eventid/24217 August 2, Burbank -- Startup Weekend San Fernando Valley. Whether entrepreneurs found companies, find a cofounder, meet someone new, or learn a skill far outside their usual 9-to-5, everyone is guaranteed to leave the event better prepared to navigate the chaotic but fun world of startups. see http://sfv.startupweekend.or. See http://www.socaltech.com/calendar/eventid/24218 August 3, Burbank -- Startup Weekend San Fernando Valley. Whether entrepreneurs found companies, find a cofounder, meet someone new, or learn a skill far outside their usual 9-to-5, everyone is guaranteed to leave the event better prepared to navigate the chaotic but fun world of startups. see http://sfv.startupweekend.or. See http://www.socaltech.com/calendar/eventid/24219 August 6, Irvine -- AWT August Fundraiser: Building Your Brand. Join us on August 6 for a fun and informative panel discussion on building your personal professional brand, the third program in our popular 2014 series of forums on managing your personal career portfolio. Your professional identity is defined by what you do and say and perhaps most importantly, the image you portray– not only in your everyday interactions but on social media from LinkedIn to Twitter to Facebook and more. Take control of managing your image with tips and advice from our expertsNEW . See http://www.socaltech.com/calendar/eventid/24231 August 6, San Diego -- MITEF Social. The highly anticipated MIT Enterprise Forum social is right around the corner on Wednesday, August 6, at the Birch Aquarium at Scripps. The diverse 600-plus attendees from the technology and life sciences communities makes this social an ideal setting for sophisticated networking and refined conversation. See http://www.socaltech.com/calendar/eventid/24207 August 7, Calabasas -- 11th Annual ERA So. Cal. Summer Social at the Sagebrush Cantina. Plan to attend the electronics industry 11th Annual ERA Summer Social @ the Sagebrush Cantina. Well over 100 attendees flock to the patio area for an evening of fun, food, beverages and seeing old friends and making new ones. Email bherold@conquesttechnicalsales.c. See http://www.socaltech.com/calendar/eventid/24194 August 7, Los Angeles -- Women 2.0 City Meetup Los Angeles. Join Women 2.0 this August for our monthly City Meetup in Los Angeles. City Meetup is a Women 2.0 networking event to promote new networks amongst the entire technology ecosystem in innovative cities around the world. This event is open to those who work, start, and fund tech companies. Both women and men are invited to attend. Speaking at this month's City Meetup Los Angeles is: Dana Loberg, Co-Founder of MovieLaLaNEW . See http://www.socaltech.com/calendar/eventid/24223 August 7, Santa Monica -- Girls in Tech Summer Sip Mixer 2014. Girls in Tech LA's Largest Annual Summer Sip Mixer is back! Our friends at GA in Santa Monica have invited us to mix and mingle the night away on Thurs. August 7th. Enjoy the ocean sea breeze, celebrate the summer and meet fellow professionals, women leaders and the GITLA boardNEW . See http://www.socaltech.com/calendar/eventid/24224 August 8, San Diego -- Startup Weekend Fashion Innovations. Startup Weekend Fashion Innovations is Southern California's only experiential crash-course in entrepreneurship in the fashion and technology market. M Learn about how to start your own business, meet fellow collaborators and compete for prizes in a 54-hour competition. See http://www.socaltech.com/calendar/eventid/24083 August 13, Thousand Oaks -- CLEAN TECHNOLOGY COUNCIL "Unmanned Aircraft Controversy + Opportunity" Keynote Speaker: Kate Styers, Principal Analyst, Tecolote Research, Inc. Meet sustainability start-ups, energy experts, entrepreneurs, CEO's and investors. Refreshments served.. See http://www.socaltech.com/calendar/eventid/24211 August 14, Santa Monica -- Fireside Chat with Dana Settle - Founding Partner, Greycroft Partners. Don't miss the chance to hear one of LA's leading VCs! Dana Settle a Founding Partner and the head of the West Coast office for Greycroft. Her investments span the digital media, ad-tech and e-commerce spaces -- including one of the biggest exits in L.A. tech history, Maker Studios (where she sits on the board) -- as well as others such as Scopely, Saatchi Art, ad.ly, MoVoxx, ContentNext (PaidContent), and many moreNEW . See http://www.socaltech.com/calendar/eventid/24225 August 15, San Diego -- CONNECT’s Most Innovative New Product Awards nominations deadline. Nominate your new product now for the chance to compete with 100+ companies for the exclusive title and honor of being named one of the most innovative new products in San Diego. See http://www.socaltech.com/calendar/eventid/24196 August 19, La Jolla -- ACG SD's Annual Surfside Summer Social. Come Mix and Mingle with Members & Non-Members at our annual ACG SD Surfside Summer Social! On the Sand at the fabulous La Jolla Beach & Tennis ClubNEW . See http://www.socaltech.com/calendar/eventid/24230 August 26, Los Angeles -- Women In Green Forum. Want to network with LA’s top female entrepreneurs? Looking to learn about the latest trends and innovations in sustainability? Attend the 2014 Women In Green Forum, the premier conference highlighting the efforts and successes of women in the environmental arena. See http://www.socaltech.com/calendar/eventid/24208 August 26, Santa Monica -- CoFoundersLab Matchup Santa Monica. See http://www.socaltech.com/calendar/eventid/24163 August 26, Santa Monica -- CoFoundersLab Matchup Santa Monica. See http://www.socaltech.com/calendar/eventid/24216 August 26, Los Angeles -- Women In Green Forum. The 5th Annual Women in Green Forum will bring together an international audience focused on the latest green innovations. Join us in Southern California to meet face-to-face with those framing the environmental industry. See http://www.socaltech.com/calendar/eventid/24137 ----------------------------------------------------------------------- Sponsored by: TVC Capital LLC (www.tvccapital.com) Investments in and Acquisitions of Growing Software Companies Silicon Valley Bank (http://www.svb.com). Helping entrepreneurs succeed. Stubbs Alderton Markiles, LLP (http://www.stubbsalderton.com). Business. Technology. Law. Vision. Safire Partners (http://www.safirepartners.com). Los Angeles-based executive search for emerging growth companies Binary Pulse Technology Marketing (http://www.binarypulse.com). We Create Demand for California's Technology Companies. Deloitte LLP (http://www.deloitte.com/us/technology). Fetch Recruiting, Inc. (www.fetchrecruiting.com) Technical Recruiting for LA based Startups and High-Growth Companies Key info (http://www.keyinfo.com) infrastructure ~ connectivity ~ co-location ~ cloud Email sa...@socaltech.com 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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