( socaltech.com TechNews - Wednesday, July 30, 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. 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 ------------------------------------------------------------------------ --Qualcomm Buys EmpoweredU For Mobile Learning Technology --O Labs Launched To Incubate, Accelerate Enterprise Software In LA --Epic Sciences Raises $30M For Cancer Diagnostics --j2 Global Buys Contactology --Pfenex Closes IPO --ViaSat Buys Gray Labs --McKean Defense In San Diego Expansion --Amgen To Cut Nearly 3,000 --Fisker Automotive Bankruptcy Plan Okayed --Kixer Raises $1M In Seed Funding To Connect App Makers, Publishers --PaxVax Finds $62M For Vaccine Efforts --SolarReserve Wins Deal In El Salvador MARKETPLACE --Apply Today For NewCo's Inside-Out Conference --Stradling --UK Trade & Investment (UKTI) --Early Stage Commercial Insurance - Pacific Unified Insurance Agency -- Key Information Systems Announces Key Cloud --Fetch Recruiting, Inc. RECENT JOB POSTINGS --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 --Senior IT/Telecom Sourcing Analyst and Negotiator, Santa Monica, RampRate Sourcing Advisors RECENT FUNDING EVENTS ------------------------------ADVERTISEMENT------------------------------- TechCXO Los Angeles - Professional Services for Technology Companies TechCXO is a professional services firm that provides experienced, C-Suite professionals to deliver strategic and functional consulting services for technology companies. We answer your critical issues around obtaining capital, increasing revenue, entering new markets and improving margins. TechCXO partners combine practical experience, comprehensive resources and best practices to deliver objective, high-value results. For TechCXO Los Angeles, please contact: Paul Meyer, Managing Partner – Finance & Operations [email protected] (805) 535-5245 Daniel Nannenga, Partner, Finance – Operations and Technology [email protected] (424)903-6030 --------------------------------------------------------------------------- Qualcomm Buys EmpoweredU For Mobile Learning Technology ---- San Diego-based Qualcomm is expanding its efforts in the education sector today, saying that it has acquired EmpoweredU, a developer of mobile learning technology for the K-20 market. Financial terms of the buy were not disclosed. (More...) http://www.socaltech.com/qualcomm_buys_empoweredu/s-0056204.html O Labs Launched To Incubate, Accelerate Enterprise Software In LA ---- O-Labs, new Los Angeles-based accelerator/incuabtor has launched today, create as joint venture of Originate, Manatt, Phelps & Phillips, LLP and ICM Partners. (More...) http://www.socaltech.com/o_labs_launched_to_incubate/s-0056203.html Epic Sciences Raises $30M For Cancer Diagnostics ---- San Diego-based Epic Sciences, a biotech startup focusing on diagnostics for treatment and management of cancer, has raised $30M in a Series C funding. The funding came from RusnanoMedInvest (RMI) and Arcus Ventures, plus Domain Associates, Roche Venture Fund, and Pfizer Venture Investments, as well as angels. According to the company, the financing will go towards commercialization efforts. The company said its technology focuses on tracking the proteomic and genomic changes that occur over time during the treatment of a patient's cancer, from a minimally invasive liquid biopsy. http://www.socaltech.com/intelligence/index.php?action=showdeal&id=58979 j2 Global Buys Contactology ---- Los Angeles-based j2 Global said this morning that it has acquired Contactology, a provider of email marketing services. Financial terms of the buy were not disclosed. j2 Global said the move would help (More...) http://www.socaltech.com/j_global_buys_contactology/s-0056200.html Pfenex Closes IPO ---- San Diego-based biotechnology company Pfenex said Tuesday that it has closed its initial public offering, where the company sold 8,333,333 shares of its stock at $6.00 per share. The company is now trading on the NYSE as PFNX. (...) http://www.socaltech.com/pfenex_closes_ipo/s-0056201.html ViaSat Buys Gray Labs ---- Carlsbad-based satellite and wireless networking developer ViaSat said earlier this week that it has acquired the assets of Gray Labs, a developer of high rate modem products and custom spacecraft technologies for earth observation. Financial terms of the deal were not disclosed. Gray Labs was based in Duluth Georgia. According to ViaSat, it will continue to support Gray Labs products and customers from Georgia. ViaSat said the move would help it expand its high-speed satellite data communication technology. McKean Defense In San Diego Expansion ---- McKean Defense Group, a Philadelphia-based provider of services to the Navy, said it is expanding its facilities in San Diego. According to McKean, it is expanding its San Diego operations and relocating to a larger facility in the city. Number of new job positions at the location were not announced. The company said the new facility is colocated with Cabrillo Technologies, which is a McKean subsidiary. Amgen To Cut Nearly 3,000 ---- Thousand Oaks-based biotechnology giant Amgen said Tuesday that it plans to cut 2,400 to 2,900 staff, including at its headquarters location, and will also close facilities in both Washington and Colorado. According to Amgen, the move is part of a restructuring plan to improve its cost structure. As part of the move, Amgen said it will also consolidate staff into less buildings in the Thousand Oaks area. Amgen said the moves would result in an approximately 23 percent reduction in its facilities footprint. Amgen expects to reduce operating expenses by approximately $700M in 2016. Amgen did not say how many of its staff in Thousand Oaks would be cut. Fisker Automotive Bankruptcy Plan Okayed ---- The Costa Mesa-based company once known as Fisker Automotive--now known as FA Liquidating Corp. and FAH Liquidating Corp.--has received court approval of its Chapter 11 plan. According to the companies, the company received approval from the United States Bankruptcy Court for the District of Delaware on Monday to sell itself to Chinese company Wanxiang Group Corp., for $149.2M. Fisker had filed for bankruptcy protection back in November of 2013. Fisker had raised more than $1.4 billion in the process of developing its electric vehicles. Kixer Raises $1M In Seed Funding To Connect App Makers, Publishers ---- Los Angeles-based Kixer, which was founded by Keith Bonnici, Jake Moilanen, and Omar Nicola, has raised $1M in a seed funding, for the company's native advertising platform. Kixer develops a native advertising platform which helps mobile app developers reach users via online publishers. B The funding came from TenOne Ten Ventures, Lowercase Capital, as well as angels, including Clark Landry and other local investors. Bonnici was previously SVP Operations at Scopely. According to Boonici, the company is helping app developers find new customers, and helping traditional, online publishers better monetize their mobile visitors. http://www.socaltech.com/intelligence/index.php?action=showdeal&id=58952 PaxVax Finds $62M For Vaccine Efforts ---- PaxVax, a biopharmaceuticals company developing vaccines for infectious disease, has raised $62M in a funding round. The funding included $50M in secured debt from Pharmakon Advisors, and $12M in a Series B extension round. The company is backed by Ignition Ventures, Ignition Growth Capital and the Blue Haven Initiative. According to PaxVax, the new equity funding brings its total to $80M in equity raised by the company. The new funding goes towards the acquisition of an FDA-approved oral typhoid vaccine, plus further clinical development efforts. PaxVax has its research, development, and manufacturing facilities in San Diego, although it is based in Redwood City. http://www.socaltech.com/intelligence/index.php?action=showdeal&id=58949 SolarReserve Wins Deal In El Salvador ---- Santa Monica-based utility-scale, solar power project developer SolarReserve has scored a win in the country of El Salvador, saying recently that it has signed a contract to supply 20 MW of power there. The deal is part of a competitive supply contract tender from Distribuidora de Electricidad del Sur, a local electricity distribution company in El Salvador. SolarReserve said the plant will be the first, utility-scale solar power installation in El Salvador. Financial details of the win were not announced. --------------------------------------------------------------------------- MARKETPLACE Reach 10000+ readers for 5 days for $250 Post your marketplace ad at: http://www.socaltech.com/postad.html ------------------------------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------------------------------- Stradling Stradling, Attorneys At Law (http://www.sycr.com) ------------------------------ADVERTISEMENT------------------------------- UK Trade & Investment (UKTI) Part of the UK government’s commercial arm, UK Trade & Investment (UKTI) helps American companies bring their high-quality investment to the UK's dynamic economy, acknowledged as Europe's best place from which to succeed in global business. We also help UK-based companies succeed in the global economy. UKTI offers expertise and contacts through its extensive network of specialists in the UK, and in British embassies and other diplomatic offices around the world. We provide companies with the tools they require to be competitive on the world stage. Our team in the United States works to promote UK-US trade and investment through our offices at the British Embassy in Washington as well as the British Consulates General in Atlanta, Boston, Chicago, Houston, Los Angeles, Miami, New York and San Francisco. Learn more at: https://www.gov.uk/government/world/organisations/uk-trade-investment-in-the-usa ------------------------------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. Contact: John Huttinger, CIC, CRM Vice President Ph#310-370-5000 Ext 3025 w Fx 310-370-5454 [email protected] ------------------------------ADVERTISEMENT------------------------------- Key Information Systems Announces Key Cloud Key Information Systems, a leading IT systems integrator and Premier IBM Business Partner based in Agoura Hills, CA, announced the availability of Key Cloud for users of cloud computing services. Key's new cloud services are offered in conjunction with colocation, managed services and Internet connectivity offerings. 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------------------------------- Fetch Recruiting, Inc. Fetch Recruiting, Inc. (http://www.fetchrecruiting.com) Technical Recruiting for LA based Startups and High-Growth Companies ------------------------------ADVERTISEMENT------------------------------- ------------------------------------------------------------------------ RECENT JOB POSTINGS More jobs at http://www.socaltech.com/Jobs Members post jobs for free 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 Senior IT/Telecom Sourcing Analyst and Negotiator, Santa Monica, RampRate Sourcing Advisors http://www.socaltech.com/showjob.php?id=5572 ------------------------------------------------------------------------ RECENT FUNDING SUMMARY 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 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, 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 [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.. 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 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 [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. If you do not want to receive this newsletter go to: http://www.socaltech.com/unsubscribe.php or email us at [email protected] ------------------------------------------------------------------------ Legal Notices ---- While SOCALTECH LLC has used its best efforts in collecting and preparing the information published herein, SOCALTECH LLC does not assume, and hereby disclaims, any liability for any loss or damage caused by errors or omissions, whether such errors or omissions resulted from negligence, accident or other causes. All contents Copyright (c) 2014 SOCALTECH LLC. All rights reserved. socalTECH.com - Dedicated to High Tech in Southern California http://www.socaltech.com/ SOCALTECH LLC 4607 Lakeview Canyon Road, Suite 290, Westlake Village, CA 91361 _______________________________________________ Socaltech mailing list [email protected] http://listserv.socaltech.com/mailman/listinfo/socaltech
