socaltech.com TechNews - Thursday, July 17, 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. Stubbs Alderton Markiles, LLP (http://www.stubbsalderton.com). Business. Technology. Law. Vision. 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 ------------------------------------------------------------------------ --Edico Genome Finds $10M For Gene Sequencing Chips --Renovate America Finds $50M For Clean Energy Financing --3TEN8 Gets $250K --Pulse Electronics Loses CEO --Kofax Wins $3.5M Deal --CallFire Names CFO --Siemer Ventures Raises $45M Fund, Becomes Wavemaker Partners MARKETPLACE --Early Stage Commercial Insurance - Pacific Unified Insurance Agency -- Key Information Systems Announces Key Cloud --Safire Partners Executive Search --Apply Today For NewCo's Inside-Out Conference --SoCal IP Law Group LLP - Serving the IP Needs of Business --La Visual - A Branding, Product Strategy & Rapid Prototyping Accelerator RECENT JOB POSTINGS --Systems Administrator, Downtown Los Angeles, DreamHost --Product Lead, Aliso Viejo, GridMeNow, LLC --Senior IT/Telecom Sourcing Analyst and Negotiator, Santa Monica, RampRate RECENT FUNDING EVENTS --------------------------------------------------------------------------- Edico Genome Finds $10M For Gene Sequencing Chips ---- San Diego-based Edico Genome, a developer of semiconductor specifically aimed at genome mapping, has raised $10M in a Series A funding, the company announced this morning. According to the company, the funding was led by Qualcomm Ventures, and also included Axon Ventures and angel investor Greg Lucier (Life Technologies). Edico Genome develops an application specific integrated circuit (ASIC) specifically aimed at sequencing and bioinformatics applications. The company said its ASIC reduces the time spent to analyze a whole home genome from 24 hours down to 18 minutes. http://www.socaltech.com/intelligence/?action=showdeal&id=58766 Renovate America Finds $50M For Clean Energy Financing ---- San Diego-based Renovate America, which provides financing for residential, clean energy projects, said it has raised $50M in equity from both new and existing investors. Renovate America said the round was led by Valor Equity Partners, and also included Macquarie, RockPort Capital and Spring Creek. Renovate America works to provide financing to homeowners for such projects as solar power installation, energy efficient HVAC installations, new windows, and roofing, all in conjunction with local municipalities. Renovate America said its HERO financing program has so far financed over $250M in projects. http://www.socaltech.com/intelligence/?action=showdeal&id=57620 3TEN8 Gets $250K ---- 3TEN8, a company which is developing software to help mobile network operators visualize and manage their network performance, and which was part of both LaunchpadLA and the SAM Precellerator Programs in Los Angeles, has raised $250,000 in funding. The seed funding came from the Citrix Startup Accelerator Seed Program. 3TEN8 is now participating in the twelve month Citrix program in Silicon Valley. Pulse Electronics Loses CEO ---- San Diego-based electronics components provider Pulese Electronics reported late Wednesday that its Chairman and CEO, Ralph E. Faison, has resigned. The company said it has appointed Alan H. Benjamin as Interim CEO of the company. Benjamin was the company's Chief Operating Officer. According to Pulse, its board has launched a search for a permanent CEO. In a prepared statement, Faison said it was the "right time" for a new CEO at the company. Kofax Wins $3.5M Deal ---- Irvine-based Kofax, the provider of document capture and related products, reported late Wednesday that it has won a $3.5M deal with a Fortune 1000 company. According to Kofax, the un-named, information storage and management provider is expanding its existing Kofax software installation. Kofax said the customer paid $3.0M in software licenses and over $500,000 in maintenance fees. CallFire Names CFO ---- Santa Monica-based CallFire, the provider of cloud-based text and voice services which is led by Ron Burr, has named a new CFO. According to the company, it has named Tridivesh Kidambi as Chief Financial Officer. Kidambi was most recently at Demand Media, where he had been serving as Vice President of Finance and Investor Relations. Siemer Ventures Raises $45M Fund, Becomes Wavemaker Partners ---- Santa Monica-based Siemer Ventures said Wednesday that the venture capital fund has launched a new, $45M third fund, and rebranded itself as Wavemaker Partners. The new fund is larger than the company's second fund, which was raised in 2011 and was worth $28M. According to Wavemaker Partners, the new fund will be focused on mobile services, Internet, and software. Siemer said it will make around 25-30 new investments globally per year across its focus areas. The announcement came as the firm kicked off its annual summit in Santa Monica Wednesday morning. --------------------------------------------------------------------------- MARKETPLACE Reach 10000+ readers for 5 days for $250 Post your marketplace ad at: http://www.socaltech.com/postad.html ------------------------------ADVERTISEMENT------------------------------- Early Stage Commercial Insurance - Pacific Unified Insurance Agency We are a commercial insurance broker working with startup and early stage technology and E-Commerce companies to implement cost effective strategies for their insurance and risk management programs. We provide guidance and strategic planning during various phases and also advise regarding employee benefit structures to assist in employee recruiting and retention. Coverage placements include D&O, Property, Liability, Workers Comp, E&O, Cyber/Network Security and Employee Benefit Programs. 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To learn more about the Key Cloud, visit the Key Info website or contact Pete Elliot at Key Information Systems, Inc., 30077 Agoura Court, First Floor, Agoura Hills, CA 91301, USA, email [email protected] or call 1.818.737.2804. http://www.keyinfo.com ------------------------------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 [email protected]. ------------------------------ADVERTISEMENT------------------------------- Apply Today For NewCo's Inside-Out Conference NewCo is the "inside out" conference model where attendees use the working city as the event space, and companies open their doors to welcome the community into their offices for a one hour tour, conversation, or informational session. "NewCos" are companies that truly standout for their approach to business: NewCos are on a mission to effect real change in their chosen market, and they are leaders in creating workplaces that redefine traditional approaches to work. We are looking for smart, innovative companies to apply to join Google, Rickshaw Bags, IFTTT, Bloomberg West, Lit Motors, Instructables, Everlane, PUBLIC Bikes, Code for America, Hightail and many others. NewCo is expanding to Los Angeles soon. If you are a part of a company that should be one of the Host Companies in 2014, please apply today! http://marcatoapp.com/website_integration/newcolosangeles2014/artists/new ------------------------------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. [email protected] 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 [email protected] [email protected] Direct: 323-924-8847 | Studio: 818-824-6430 | Fax: 888-763-7412 Website: Lavisual.com Linkedin Profile: www.linkedin.com/in/braven ------------------------------ADVERTISEMENT------------------------------- ------------------------------------------------------------------------ RECENT JOB POSTINGS More jobs at http://www.socaltech.com/Jobs Members post jobs for free 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 Senior IT/Telecom Sourcing Analyst and Negotiator, Santa Monica, RampRate Sourcing Advisors http://www.socaltech.com/showjob.php?id=5572 Inside Sales: IT Services (Colo, Telcom, CDN), Santa Monica, RampRate Sourcing Advisors http://www.socaltech.com/showjob.php?id=5568 Sourcing Analyst, Santa Monica, RampRate Sourcing Advisors http://www.socaltech.com/showjob.php?id=5565 Head of Corporate Finance and Office Administration, Santa Monica, RampRate Sourcing Advisors http://www.socaltech.com/showjob.php?id=5573 ------------------------------------------------------------------------ RECENT FUNDING SUMMARY 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 06/27/14 TapZen $8.0M http://www.socaltech.com/intelligence/?action=showdeal&id=58468 06/26/14 TasteMade, Inc. $25.0M http://www.socaltech.com/intelligence/?action=showdeal&id=58440 06/26/14 Fitwall $0.0M http://www.socaltech.com/intelligence/?action=showdeal&id=58439 06/26/14 TheBouqs $6.0M http://www.socaltech.com/intelligence/?action=showdeal&id=58438 06/24/14 Epoxy $6.5M http://www.socaltech.com/intelligence/?action=showdeal&id=58309 06/23/14 RANT MEDIA NETWORK, INC. $4.0M http://www.socaltech.com/intelligence/?action=showdeal&id=58302 06/20/14 Genzum $20.0M http://www.socaltech.com/intelligence/?action=showdeal&id=58280 06/19/14 SpotlightTMS $6.0M http://www.socaltech.com/intelligence/?action=showdeal&id=58279 06/19/14 Mitu Network $10.0M http://www.socaltech.com/intelligence/?action=showdeal&id=58278 --------------------------------------------------------------------------- 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 17, Altadena -- JUMPSTART: Meet the Angel Investors. This program will start off with a discussion of what angels look for when investing in early stage companies and how to best present your company as an angel investment opportunity.NEW . See http://www.socaltech.com/calendar/eventid/24210 July 17, Santa Monica -- Siemer Silicon Beach Summit. Building on the success of the last three Summits, which drew notable attendees from around the world, this year’s event will encompass two days of presentations, networking and relationship-building among key players in the digital media and technology industry. All segments of the digital media industry will be represented, including advertising, data, e-commerce, software, social and gaming. Our 2014 two-day Summit will include 500 select digital media and technology leaders. Invite only. See http://www.socaltech.com/calendar/eventid/24056 July 17, Los Angeles -- Wearable Tech LA. WearableTech LA, curated by industry experts come to Los Angeles this summer. With a full day of 20 dynamic keynotes, cutting-edge technologies, investment opportunities, and 50 speakers, WearableTech LA is the wearable event of the year in Los Angeles. See http://www.socaltech.com/calendar/eventid/24160 July 22, Los Angeles -- 2014 Serious Play Conference. It is a question of when, not if, games-based learning will be prevalent in all areas of education and training. Corporations are using games for talent development, recruitment and to increase sales and efficiency; medical institutions use games to train surgeons and teach the public about healthcare. In the military, where game based training began, games not only train, they are used to recruit. In education, games have entered the classroom. Learn more at this conference. See http://www.socaltech.com/calendar/eventid/24138 July 23, Irvine -- Orange County Startup Founder 101. If you are curious about what it is like to run a successful startup, then join us for Startup Founder 101. Hear candid talks by successful entrepreneurs, sharing best practices, strategies and mistakes to avoid from those who have done it before. Speakers: -Pete Deutschman (CEO, The Buddy Group) -Tim Chan (CEO/Founder)NEW . See http://www.socaltech.com/calendar/eventid/24206 July 23, Los Angeles -- 2014 Serious Play Conference. It is a question of when, not if, games-based learning will be prevalent in all areas of education and training. Corporations are using games for talent development, recruitment and to increase sales and efficiency; medical institutions use games to train surgeons and teach the public about healthcare. In the military, where game based training began, games not only train, they are used to recruit. In education, games have entered the classroom. See http://www.socaltech.com/calendar/eventid/24139 July 24, Culver City -- Which Certs to Turbo Charge My Career? AITP. Dr. Hasnain Rizvi will provide practical insight into factors to consider before starting on a cert track, advantages of certain cert options, and potential career paths. “Has” is an OPM3 Certified Consultant, and is currently the Agile Principal Coach and CIO at AAA University. Has done project management maturity assessment work and established and redesigned project management offices (PMOs) in many sectors, and IBM’s PM practice in Saskatchewan. See http://www.socaltech.com/calendar/eventid/24201 July 24, Newport Beach -- Tech in Motion Summer Mixer. We will have a ton of great food and the happy hour drink specials will go throughout the course of the event. We'll just be hanging out, swapping tech news, stories, and such. All are welcome to attend a night of fun and networking with tech professionals and tech lovers of all kinds. See http://www.socaltech.com/calendar/eventid/24199 July 24, Los Angeles -- 2014 Serious Play Conference. It is a question of when, not if, games-based learning will be prevalent in all areas of education and training. Corporations are using games for talent development, recruitment and to increase sales and efficiency; medical institutions use games to train surgeons and teach the public about healthcare. In the military, where game based training began, games not only train, they are used to recruit. In education, games have entered the classroom. See http://www.socaltech.com/calendar/eventid/24140 July 26, Santa Monica -- Causathon (Hack for a Cause). On July 26th, teams will have 24 hours to identify, solve and present a solution for one social problem defined and submitted by a curated list of leading non-profits. Come alone or join a team of other like-minded individuals during an exciting and impactful 24 hours towards making a real difference. After a casual mixer to kick-off the event, your team will go through a “draft” style selection to pick the problem you’ll be addressing. Email [email protected]. See http://www.socaltech.com/calendar/eventid/24195 July 26, Los Angeles -- Digital LA - Comic-Con Party. See http://www.socaltech.com/calendar/eventid/24150 July 26, Los Angeles -- Causathon. Causathon will bring together leading non:profit organizations with developers, marketers, and tech enthusiasts. During the 24 hour event, teams will use technology to create meaningful, viable and practical solutions to problems presented by participating nonprofits. In a symbiotic force of good will, creatives will contribute ideas and skills towards causes they gain exposure to or are already passionate about, while nonprofits achieve solutions they otherwise couldn’t conceive or didn’t have the resources to produceNEW . See http://www.socaltech.com/calendar/eventid/24205 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 -- 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 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 conversationNEW . 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 [email protected]. See http://www.socaltech.com/calendar/eventid/24194 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.NEW . See http://www.socaltech.com/calendar/eventid/24211 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 ----------------------------------------------------------------------- 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 [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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