socaltech.com TechNews - Monday, November 3, 2014 Edited by Benjamin F. Kuo ISSN: 1524-6736 http://www.socaltech.com/News ------------------------------------------------------------------------ Sponsored by:
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We Create Demand for California's Technology Companies. ------------------------------------------------------------------------ --Tinder Approaching 50M Active Users, Says Report --Social Reality Raises $25M, Acquires Steel Media --Kurion Wins $10M Grant --MaxLinear Hits Shipment Milestone --Omnitracs Completes XRS Corporation Buy --Virgin Galactic Spacecraft Crashes, Kills One --Fandango Dangles Chance At A Real Flight To Space MARKETPLACE --Apply for the Stubbs Alderton & Markiles Precellerator! --UK Trade & Investment (UKTI) --Fetch Recruiting, Inc. --Stradling RECENT JOB POSTINGS --Database / Game System Programmer, Los Angeles, FutureBound --Solutions Architect, Santa Monica, RampRate --Senior Systems Engineer, Los Angeles, DreamHost RECENT FUNDING EVENTS ------------------------------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 --------------------------------------------------------------------------- Tinder Approaching 50M Active Users, Says Report ---- Los Angeles-based mobile dating app developer Tinder is rapidly approaching 50 million active users, who are spending an average of 90 minutes a day on the service, according to a report. The NYTimes report cited a "person with knowledge of the situation" in the numbers. Apparently, users are logging into the app 11 times a day, with women spending around 8.5 minutes per session, and men spending 7.2 minutes per session swiping left and right. http://www.socaltech.com/tinder_active_users_says_report/s-0057664.html Social Reality Raises $25M, Acquires Steel Media ---- Los Angeles-based digital advertising technology developer Social Reality said this morning that it has raised $25M, and acquired display and mobile ad company Steel Media. Social Reality--which is traded OTCBB--said the $25M came in the form of a $20M credit facility from victory Park Capital, and $5M in equity from Siskey Capital LLC. Terms of the Steel Media acquisition were not disclosed, however, the company said Steel Media expected $10M in 2014 revenues. http://www.socaltech.com/social_reality_raises___m_acquires_steel_media/s-0057660.html Kurion Wins $10M Grant ---- Irvine-based hazardous waste removal technology developer Kurion said this morning that it has won a $10 million grant from Japan's Ministry of Economy, Trade and Industry (METI), as part of a demonstration of technology for removal of tritium from Fukushima. (More...) http://www.socaltech.com/kurion_wins___m_grant/s-0057659.html MaxLinear Hits Shipment Milestone ---- Carslbad-based MaxLinear reported this morning that it has hit a shipment milestone, and has shipped more than 10 million of its DVB-2 tuners to the market so far. The company's chip is used in the design of set-top boxes. MaxLinear is a developer of radio frequency (RF) and mixed signal integrated circuits. MaxLinear said the shipments came due to strong demand in markets using the DVB-T2 standard, including in western and eastern Europe, Russia and Southeast Asia (Thailand, Indonesia) and Africa. Omnitracs Completes XRS Corporation Buy ---- San Diego-based Omnitracs, which develops fleet management products for transportation and logistics companies, said today that it has completed its acquisition of XRS Corporation. The deal was worth approximately $178M. Omnitracs said the buy will help strengthen its core technology portfolio. Virgin Galactic Spacecraft Crashes, Kills One ---- In a major blow to Southern California's nascent space tourism industry, Virgin Galactic's SpaceShipTwo crashed in testing over the Mojave desert Friday afternoon, killing one person. Virgin Galactic said the crash came after a "serious anomaly" during testing. Virgin Galactic said that the National Transportation Safety Board (NTSB) would be arriving in Mojave on Saturday morning to investigate the crash. George Whitesides, CEO of Virgin Galactic, released a statement saying that "Space is hard and today was a tough day," explaining that the company was doing all it could for the crew and family. The crash comes only two days after a major, catastrophic launch failure of a rocket from Orbital Sciences in Virginia. http://www.socaltech.com/virgin_galactic_spacecraft_crashes_kills_one/s-0057658.html Fandango Dangles Chance At A Real Flight To Space ---- Looking for your chance to make it into space? Los Angeles-based movie ticketing and information site Fandango said Friday that it is giving away the chance at a flight to space for film fans, as part of a promotion for the new film "INTERSTELLAR". According to Fandango, people who purchase a movie ticket to the movie using its service will be entered into a contest to win a trip to space on XCOR's Lynx Mark II spacecraft. The prize is worth $100,000. INTERSTELLAR features actors Matthew McConaughey, Anne Hathaway and Jessica Chastain. Fandango said the prize comes through a combination of andango, Paramount Pictures, XCOR, and online channel VICE. The sweepstakes is open until December 1st. http://www.socaltech.com/fandango_dangles_chance_at_a_real_flight_to_space/s-0057652.html --------------------------------------------------------------------------- MARKETPLACE Reach 10000+ readers for 5 days for $250 Post your marketplace ad at: http://www.socaltech.com/postad.html ------------------------------ADVERTISEMENT------------------------------- Apply for the Stubbs Alderton & Markiles Precellerator! Stubbs Alderton & Markiles, LLP is one of the leading start-up law firms in Southern California. We pioneered a fixed fee start-up package making the formation and organization of your start-up as seamless as possible. Our Preccelerator Program is a new platform offered to select start-up companies out of our Santa Monica office that provides interim office space and sophisticated legal services, with the objective of helping you grow your idea from business concept to funded startup. The Preccelerator Program provides free co-working space and other perks for 5-6 promising young startups. We are now opening up applications for five new startups to join the program. Apply now! http://www.stubbsalderton.com/preccelerator ------------------------------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------------------------------- Fetch Recruiting, Inc. Fetch Recruiting, Inc. (http://www.fetchrecruiting.com) Technical Recruiting for LA based Startups and High-Growth Companies ------------------------------ADVERTISEMENT------------------------------- Stradling Stradling, Attorneys At Law (http://www.sycr.com) ------------------------------ADVERTISEMENT------------------------------- ------------------------------------------------------------------------ RECENT JOB POSTINGS More jobs at http://www.socaltech.com/Jobs Members post jobs for free 2D Game Artist, Los Angeles, FutureBound http://www.socaltech.com/showjob.php?id=5597 Game / Interaction Programmer, Los Angeles, FutureBound http://www.socaltech.com/showjob.php?id=5596 Database / Game System Programmer, Los Angeles, FutureBound http://www.socaltech.com/showjob.php?id=5595 Solutions Architect, Santa Monica, RampRate http://www.socaltech.com/showjob.php?id=5594 Senior Systems Engineer, Los Angeles, DreamHost http://www.socaltech.com/showjob.php?id=5593 CDN Expert Consultant, Santa Monica, RampRate http://www.socaltech.com/showjob.php?id=5592 ------------------------------------------------------------------------ RECENT FUNDING SUMMARY 10/30/14 UBEAM INC. $10.0M http://www.socaltech.com/intelligence/?action=showdeal&id=60959 10/29/14 Seedling $7.0M http://www.socaltech.com/intelligence/?action=showdeal&id=60915 10/28/14 Tinder $0.0M http://www.socaltech.com/intelligence/?action=showdeal&id=60906 10/28/14 Scorebig, Inc. $18.0M http://www.socaltech.com/intelligence/?action=showdeal&id=60850 10/23/14 Tipalti $13.0M http://www.socaltech.com/intelligence/?action=showdeal&id=60823 10/16/14 Wilshire Axon Sports $2.0M http://www.socaltech.com/intelligence/?action=showdeal&id=60686 10/15/14 H3 Financial Services $0.0M http://www.socaltech.com/intelligence/?action=showdeal&id=60681 10/14/14 Speakr $2.9M http://www.socaltech.com/intelligence/?action=showdeal&id=60618 10/13/14 Cosmederm Bioscience $50.0M http://www.socaltech.com/intelligence/?action=showdeal&id=60590 10/13/14 Vyu $0.8M http://www.socaltech.com/intelligence/?action=showdeal&id=60589 10/08/14 Avidity NanoMedicines LLC $6.0M http://www.socaltech.com/intelligence/?action=showdeal&id=60579 10/08/14 Crowdfunder $3.5M http://www.socaltech.com/intelligence/?action=showdeal&id=60580 10/07/14 BloomNation $5.5M http://www.socaltech.com/intelligence/?action=showdeal&id=60518 10/06/14 ShipHawk $5.0M http://www.socaltech.com/intelligence/?action=showdeal&id=60356 10/06/14 Alteryx $60.0M http://www.socaltech.com/intelligence/?action=showdeal&id=60352 --------------------------------------------------------------------------- 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 November 3, Los Angeles -- Game Developers Conference Next (GDC Next). GDC Next answers the question: "So you've made a game, what's next?" GDC Next brings the video game community together – from makers to marketers, from companies both big and small – to learn how to increase discoverability, gain exposure, broaden their audience, differentiate their work, and position their games for industry success. See http://www.socaltech.com/calendar/eventid/24349 November 5, San Diego -- CONNECT’s FrameWork’s Workshop: Mergers & Acquisitions. Despite continuing high unemployment, debt overhang and seemingly endless regulatory and fiscal changes, opportunities for acquiring or selling a company still exist. In order to successfully navigate an M&A transaction in this challenging economic environment, it is critical that buyers and sellers understand what will be required to be successful in their strategic transaction efforts, particularly in today’s challenging environment. See http://www.socaltech.com/calendar/eventid/24335 November 6, Santa Monica -- LA CEOs presents Mike Jones, CEO Science. Please join Mark Landay, Dynamic Synergy Executive Recruitment for a fireside chat with Mike. This event is restricted to qualified CEOs & CFOs only. A confirmed RSVP required, no service providers admitted. See http://www.socaltech.com/calendar/eventid/24342 November 6, Santa Monica -- Women 2.0 City Meetup. 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.. See http://www.socaltech.com/calendar/eventid/24322 November 7, Los Angeles -- Metro and the Digital Future. Metro is hosting a unique pitch-style event exploring technology in public transportation. Join industry experts as they discuss how creative technology could help improve the Metro customer experience. The event is free and open to the public. See http://www.socaltech.com/calendar/eventid/24375 November 7, Los Angeles -- USC Electrical Engineering Research Festival. The Ming Hsieh Institute annually hosts the Ming Hsieh Department of Electrical Engineering Research Festival. Over 100 undergraduate and graduate students present their research through poster sessions, demonstrations and oral presentations at the event. The Research Festival is a day-long festival that welcomes the entire USC Viterbi community, alumni and engineering industry representatives. See http://www.socaltech.com/calendar/eventid/24293 November 9, Glendale -- Martin Short in conversation with Steve Martin. Live Talks LA. See http://www.socaltech.com/calendar/eventid/24236 November 12, Thousand Oaks -- Tech Business Mixer. • Meet CTC and 101 Incubator Founders, CEO’s and Joint Venture Partners • Fast pitch introductions • Request for team collaborators • What’s new in Sustainable Business Bring your friends and join CTC for loads of fun, games, great food and drinks (5-6pm early bird specials!) Meet Tech Executives, Entrepreneurs, Inventors, Angel/VC Investors, Joint Venture Partners, Deal Makers and Start Up Mentors. Clean Technology Council has sponsored monthly entrepreneur roundtables since 2010. CTC members and friends see amazing opportunities driven by the convergence of technology, globalization and resources. Our mission is to bring together outstanding business leaders and creative individuals that want to learn, build relationships and operate sustainable businesses. See http://www.socaltech.com/calendar/eventid/24350 November 12, San Diego -- MITEF: Boldly Explore Where No Enterprise Has Gone Before: How Today's Science Fiction Inspires Tomorrow's Innovation. You are an innovator looking for inspiration. The creative, imaginative, and unexpected intrigue you. You are curious to be in the know about the companies in our region that are spearheading commercial developments that were born from the Sci-Fi world, NASA research, and neuroscience exploration. The ability to identify the dots that will be connected 20 years from now is at the top of your list. You want to make a black swan moment happen. THIS is the time and the place. See http://www.socaltech.com/calendar/eventid/24376 November 12, Santa Monica -- Security Panel. Tech in Motion LA's Security Panel will be assessing and addressing security, privacy threats and risks that are now prevalent due to the overwhelming use and reliance on technology devices.. See http://www.socaltech.com/calendar/eventid/24340 November 13, Irvine -- Startups to Success Demos & Drinks Mixer. Tech In Motion. Come see demos from the hottest startups to companies that have experienced success with innovative products and applications! This is a FREE event hosted by Tech in Motion OC - the largest tech meetup in Orange County! This is a great opportunity to not only check out the latest tech but network with the local tech community. RSVP today and join us at the Eureka Building's high-tech outdoor pavilion. See http://www.socaltech.com/calendar/eventid/24352 November 14, Santa Barbara -- Startup Weekend Santa Barbara returns with our biggest event yet! Build a business in 54 hours and network with fellow entrepreneurs and amazing Central Coast Mentors. We are expecting 300+ at our opening night kickoff and celebration! Hope you can join us. See http://www.socaltech.com/calendar/eventid/24368 November 15, Santa Barbara -- Startup Weekend Santa Barbara returns with our biggest event yet! Build a business in 54 hours and network with fellow entrepreneurs and amazing Central Coast Mentors. We are expecting 300+ at our opening night kickoff and celebration! Hope you can join us. See http://www.socaltech.com/calendar/eventid/24369 November 16, Santa Barbara -- Startup Weekend Santa Barbara returns with our biggest event yet! Build a business in 54 hours and network with fellow entrepreneurs and amazing Central Coast Mentors. We are expecting 300+ at our opening night kickoff and celebration! Hope you can join us. See http://www.socaltech.com/calendar/eventid/24370 November 16, Santa Barbara -- Startup Weekend Santa Barbara returns with our biggest event yet! Build a business in 54 hours and network with fellow entrepreneurs and amazing Central Coast Mentors. We are expecting 300+ at our opening night kickoff and celebration! Hope you can join us. See http://www.socaltech.com/calendar/eventid/24371 November 18, Los Angeles -- John Cleese in conversation with Eric Idle. Live Talks LA. See http://www.socaltech.com/calendar/eventid/24233 November 18, Santa Monica -- CoFoundersLab Matchup Santa Monica. CoFoundersLab Matchup Santa Monica is aimed at helping entrepreneurs find co-founders, advisers & interns and to build strong, core founding teams. See http://www.socaltech.com/calendar/eventid/24309 November 19, Beverly Hills -- Join ACGLA for a complimentary evening event for corporate executives! Wednesday, November 19, 5:00PM Montage Beverly Hills. This world class panel, consisting of the leaders in eCommerce, will discuss the latest trends, valuation parameters, and developments in eCommerce. Topics will include: - Middlemarket opportunities - Trends - Industry landscape - Opportunities in Los Angeles - Valuation trends and key paramters - M&A Outlook - Capital sources and uses. Panel includes: David Weissman, Dermastore; John Suh, LegalZoom; Rick Smith, Crosscut Ventures; Brad Meadow, Yandy; Mark Douglas, Steelhouse. Moderated by Ivan Nikhoo, Siemre & Associates. See http://www.socaltech.com/calendar/eventid/24365 November 20, San Diego -- CONNECT's FrameWorks Workshop: Business Aspects of Patents. Intellectual property plays a seminal role in the success of many companies. While adequately protecting innovation is a major economic driver, as with any valuable asset, if it is not properly managed its full potential will not be realized and the company will fail. This program will focus on the role key business factors play in capturing, managing, and exploiting the intellectual property of the company.. See http://www.socaltech.com/calendar/eventid/24377 November 20, San Diego -- The IT Summit San Diego. The IT Summit is the executive technology conference series returning to San Diego for our third annual event on November 20th, 2014. The purpose of the summit is to provide educational and networking resources for the IT leaders in the Southern California area. The conference is driven by an Executive Board of regional IT professionals that directs the content of the educational sessions and sponsor participation. The IT Summit is designed to address the real-world opportunities and challenges faced by today's executives, by facilitating face-to-face interaction and networking among information technology peers. See http://www.socaltech.com/calendar/eventid/24126 ----------------------------------------------------------------------- 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. 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 PricewaterhouseCoopers (http://www.socaltech.com/pwc). Shimokaji IP (http://www.shimokaji.com) Bettering Life Through Creative Ideas 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. If you do not want to receive this newsletter go to: http://www.socaltech.com/unsubscribe.php or email us at customerserv...@socaltech.com ------------------------------------------------------------------------ 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 Socaltech@listserv.socaltech.com http://listserv.socaltech.com/mailman/listinfo/socaltech
