socaltech.com TechNews - Wednesday, February 25, 2015 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. Safire Partners (http://www.safirepartners.com). Los Angeles-based executive search for emerging growth companies Key info (http://www.keyinfo.com) infrastructure ~ connectivity ~ co-location ~ cloud Shimokaji IP (http://www.shimokaji.com) Bettering Life Through Creative Ideas ------------------------------------------------------------------------ --AdRev Hits $14.8M In Royalty Payouts --Rubicon Project Passes $100M Mark, Sees $125.3M In Yearly Revenues --SpaceX Wins Two Satellite Launches From SES --Bitcentral Buys Fission Software --SEKUR.me Rolls Fingerprint Payment App --Kofax Wins Nearly $1.0M From Health Insurance Provider --Semitrex Aims At Power Efficiency --BlackLine Sets New CFO, Eyes IPO --Flexus Biosciences, Backed by Amgen, Acquired For $1.25 Billion MARKETPLACE --SoCal IP Law Group LLP - Serving the IP Needs of Business --Early Stage Commercial Insurance - Pacific Unified Insurance Agency --Deloitte --Find Help To Power Your Firm To The Next Level --Fetch Recruiting, Inc. RECENT JOB POSTINGS --Director of Healthcare Analytics , Santa Monica , MD Insider --Senior Software Engineer, Santa Monica, MD Insider --Lead Data Engineer, Santa Monica, MD Insider --Solution Architect , Santa Monica, MD Insider --Director of User Experience, Santa Monica, MD Insider --Business Development Associate: Advanced Engineering and Manufacturing, Los Angeles, British Consulate-General, Los Angeles RECENT FUNDING EVENTS ------------------------------ADVERTISEMENT------------------------------- APPLICATIONS NOW OPEN! EY Entrepreneur Of The Year 2015 Awards Program Get recognized for your achievements or nominate a deserving entrepreneur for the 2015 EY Entrepreneur Of The Year Awards Program in Greater Los Angeles! Recognized globally in 145 cities and 60 countries, the award honors the most outstanding entrepreneurs who inspire others with their vision, leadership and achievement. Application and other program information is available on our website: www.ey.com/us/eoy/greaterla. Submission deadline is Friday, March 6, 2015. Click here: http://bit.ly/1qXwlYU to watch a short video with feedback from finalists and winners from the 2014 Awards. Winners included Curacao, EdgeCast Networks, ENI-JR286, Fuhu, Inc., The Honest Company, Prodege LLC/Swagbucks, Stamps.com and TrueCar Inc. Please mark your calendars today for the Greater Los Angeles EOY Awards Gala on Tuesday, June 16, 2015 at the Beverly Hilton Hotel. We're looking forward to celebrating another group of exceptional entrepreneurs who not only create and build market-leading businesses, but also help take the standard of excellence to new heights, transform the face of industry, create jobs and contribute to the vibrancy in our Greater Los Angeles community. QUESTIONS? Please contact Ashley Evans at [email protected] or +1 213 240 7096. --------------------------------------------------------------------------- AdRev Hits $14.8M In Royalty Payouts ---- Los Angeles-based AdRev, the startup led by Ryan Born which provides digital rights management for music publishers on YouTube, says that it has just hit $14.8M in royalty payouts through its service. The company says it saw around 4.6 billion average views per month on the content it is managing. The royalty payments are nearly triple the $5 million in royalty payouts the company in 2013, and nearly ten times the $1.4M in royalty payouts the company had in 2012. AdRev's service identifies content on YouTube owned by music publishers, allowing them to assert their copyright rights and monetize usage of that music by others. Rubicon Project Passes $100M Mark, Sees $125.3M In Yearly Revenues ---- Los Angeles-based online advertising technology developer Rubicon Project> has just passed the $100M mark, reporting yesterday that its 2014 year end revenues were $125.3M. The company said it is expecting 40 percent year-over-year revenue growth in 2015. The details came as the company released its fourth quarter results, where it reported net income of $1.4M on revenues of $41.8M for the quarter. Rubicon Project is led by Frank Addante, and helps online publishers optimize the advertising on their website to gain the most revenue. SpaceX Wins Two Satellite Launches From SES ---- Hawthorne, California-based SpaceX, the Los Angeles area rocket and spacecraft company, has scored two new launch agreements, this time with Luxembourg-based SES. SES said this morning that it has signed a deal for SpaceX to launch two satellites--SES-14 and SES-16/GovSat--into orbit in 2017. Financial impact of the deal was not announced. SES said both satellites will be launched using the Falcon 9. SES-14 iss a KU- and Ka-band satellite being used for video and data. SES-16/GovSat is a military satellite covering Europe, the Middle East, and Africa. Image: artistic rendering of SES-14 Bitcentral Buys Fission Software ---- Newport Beach-based Bitcentral, a developer of software used in broadcast news production and automation, said it has acquired Fission Software, a developer of software used for master control automation in the media and broadcast industry. Financial details of the acquisition were not disclosed. Bitcentral is led by Fred Fourcher. SEKUR.me Rolls Fingerprint Payment App ---- Santa Ana-based SEKUR.me, the electronic payments startup led by Jack Bicer, said this morning that it has integrated the Apple Touch ID and Samsung's fingerprint recognition features into its mobile, online payment app. SEKUR.me said it software now lets shoppers purchase items--using their fingerprint--instead of entering checkout forms or credit card numbers on e-commerce sites. SEKUR.me is aiming at reducing consumer friction in e-commerce payments, by allowing users to use their fingerprint rather than enter dozens of bits of payment information via their smartphone. Kofax Wins Nearly $1.0M From Health Insurance Provider ---- Irvine-based Kofax>, the developer of software used for scanning and handling paperwork, reported a nearly $1M deal today. Kofax said that a large, un-named U.S. affordable health insurance provider has invested $945,000 in a set of Kofax software to handle medical claims processing. Kofax said the customer will use its products to automate the processing of more than 800,000 medical claims and related documents annually. Kofax said the sale was split between $550,000 in software licenses, and $380,000 in maintenance and professional services. Semitrex Aims At Power Efficiency ---- A new, Laguna Beach-based startup, Semitrex, said today that it has launched a new set of systems-on-a-chip aimed at helping to improve the power efficiency of circuits. According to the startup, it has launched a new family of chips which dramatically improve the efficiency of power spplies. The company says it has consolidated over 14 different parts which are needed for power supplies, and incorporated them into a single systems-on-a-chip, which it says provides 90 percent efficiency. The startup is led by Michael H. Freeman, who has previously developed products in the 802.11n mobile video area, and the executive team also includes COO Jay Cormier, who previously was at Teridian. BlackLine Sets New CFO, Eyes IPO ---- In what might be the most demanding CFO position in the area, Los Angeles-based BlackLine said Tuesday morning that it has named a new CFO, in what looks to be a preparation for an IPO (More...) http://www.socaltech.com/blackline_sets_new_cfo_eyes_ipo/s-0059096.html Flexus Biosciences, Backed by Amgen, Acquired For $1.25 Billion ---- Flexus Biosciences, which is backed by Thousand Oaks-based Amgen, has been acquired by Bristo-Myers Squibb in a deal worth $1.25 billion. Flexus--which is based in the Bay Area--counts Amgen veterans Terry Rosen and Steve Young among its founders. Flexus Biosciences was venture backed by Kleiner Perkins Caufield and Byers, The Column Group, Celgene, and Amgen, and had just announced a $38M Series B financing in December. Rosen was Vice President, Therapeutic Discovery (TD) at Amgen prior to co-founding Flexus Biosciences. --------------------------------------------------------------------------- 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. [email protected] 805-230-1350 www.socalip.com ------------------------------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------------------------------- Deloitte In the United States, Deloitte LLP and its subsidiaries have 65,000 professionals with a single focus: Serving our clients and helping them solve their toughest problems. Ranking among the nation’s leading professional services firms in audit, tax, consulting, and financial advisory services across more than 20 industries, Deloitte invests in outstanding people of diverse talents and backgrounds and empowers them to achieve more than they could elsewhere. To learn more about Deloitte's capabilities, please visit Deloitte.com or contact Kris Kaufmann, Partner at [email protected]. ------------------------------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------------------------------- 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 Director of Healthcare Analytics , Santa Monica , MD Insider http://www.socaltech.com/showjob.php?id=5617 Senior Software Engineer, Santa Monica, MD Insider http://www.socaltech.com/showjob.php?id=5616 Lead Data Engineer, Santa Monica, MD Insider http://www.socaltech.com/showjob.php?id=5615 Solution Architect , Santa Monica, MD Insider http://www.socaltech.com/showjob.php?id=5614 Director of User Experience, Santa Monica, MD Insider http://www.socaltech.com/showjob.php?id=5613 Business Development Associate: Advanced Engineering and Manufacturing, Los Angeles, British Consulate-General, Los Angeles http://www.socaltech.com/showjob.php?id=5612 ------------------------------------------------------------------------ RECENT FUNDING SUMMARY 02/23/15 Machinima.com $24.0M http://www.socaltech.com/intelligence/?action=showdeal&id=62382 02/19/15 17Hats $1.3M http://www.socaltech.com/intelligence/?action=showdeal&id=62298 02/18/15 Firefly Games $8.0M http://www.socaltech.com/intelligence/?action=showdeal&id=62291 02/17/15 Tealium Inc. $30.7M http://www.socaltech.com/intelligence/?action=showdeal&id=62290 02/17/15 Laguna Pharmaceuticals $30.0M http://www.socaltech.com/intelligence/?action=showdeal&id=62288 02/12/15 LoveLab $0.0M http://www.socaltech.com/intelligence/?action=showdeal&id=62200 02/12/15 Cidara Therapeutics $42.0M http://www.socaltech.com/intelligence/?action=showdeal&id=62199 02/11/15 Laurel & Wolf $4.4M http://www.socaltech.com/intelligence/?action=showdeal&id=62198 02/11/15 Hyperloop Technologies $8.5M http://www.socaltech.com/intelligence/?action=showdeal&id=62197 02/10/15 New Matter $6.5M http://www.socaltech.com/intelligence/?action=showdeal&id=62193 01/29/15 Ouya $10.0M http://www.socaltech.com/intelligence/?action=showdeal&id=61882 01/29/15 Cargomatic, Inc. $8.0M http://www.socaltech.com/intelligence/?action=showdeal&id=61881 01/28/15 Lootsie, Inc. $3.5M http://www.socaltech.com/intelligence/?action=showdeal&id=61873 01/27/15 Money Mailer $0.0M http://www.socaltech.com/intelligence/?action=showdeal&id=61868 --------------------------------------------------------------------------- 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 February 25, San Luis Obispo -- Women In Tech Dinner Panel. Softec. Panel includes: Stephanie Jennings, VP at Mind Body Online; Jen Rushing, STEM teacher at Central Coast New Tech High. This is a particularly special event because we have partnered with CalPoly's SWE, Society of Women Engineers, to introduce these young ladies to our local technology community. See http://www.socaltech.com/calendar/eventid/24527 February 25, Ventura -- Gordon Research presents Nanomaterials for Applications in Energy Technology. Developing sources of sustainable energy is a crucial challenge for the 21st century. Nanotechnology may contribute paradigm-changing approaches to energy technology, because many energy conversion and storage processes occur at interfaces and surfaces, which are abundant in nanomaterials. Ventura Beach Marriott. (via Green Lava). See http://www.socaltech.com/calendar/eventid/24518 February 26, Irvine -- TCVN EntrepreneurMIXER. An after-work get-together, soiree, party and all-around general excuse to detach yourself from your laptop, start-up team, cubicle or office and mix with entrepreneurs and investors. See http://www.socaltech.com/calendar/eventid/24526 February 26, Ventura -- Gordon Research presents Nanomaterials for Applications in Energy Technology. Developing sources of sustainable energy is a crucial challenge for the 21st century. Nanotechnology may contribute paradigm-changing approaches to energy technology, because many energy conversion and storage processes occur at interfaces and surfaces, which are abundant in nanomaterials. Ventura Beach Marriott. (via Green Lava). See http://www.socaltech.com/calendar/eventid/24519 February 26, Carmel Valley -- From Lab to Skin: Quantifying the Chemical Self: Learn more about the latest in UC San Diego wearable technologies, chemical-sensor fitness tracking and Electrozyme’s lab-to-skin commercialization journey. Wearable chemical sensors open up a whole new world of health information. Sweat alone has hundreds of unique biomarkers which can be analyzed to gain insights into one’s metabolism and personal wellness that go way beyond steps and heart rate. See http://www.socaltech.com/calendar/eventid/24528 February 27, Ventura -- Gordon Research presents Nanomaterials for Applications in Energy Technology. Developing sources of sustainable energy is a crucial challenge for the 21st century. Nanotechnology may contribute paradigm-changing approaches to energy technology, because many energy conversion and storage processes occur at interfaces and surfaces, which are abundant in nanomaterials. Ventura Beach Marriott. (via Green Lava). See http://www.socaltech.com/calendar/eventid/24520 March 3, Santa Monica -- Mobile LAVA - Startup Stories: The Good, The Bad, The Ugly. In this next installment of Mobile LAVA we are are going to tell war stories about start-up life in the trenches. We’ll hear about triumphs, defeats, and the inevitable slog through the muck that every entrepreneur must face in order to realize their business goals without losing all the money. Of course, those with the best front row seat to these start-up dramas are the lawyers who hold our hands, dispense advice, and do their best to keep entrepreneurs from getting totally screwed (or—more accurately—keep entrepreneurs from screwing themselves). . See http://www.socaltech.com/calendar/eventid/24548 March 4, Woodland Hills -- Data Visualization for the Quality Professional. SCQAA. Michael Scofield, Asst. Professor in Health Informatics at Loma Linda University will speak on why decision-makers often ask for "data", but what they really want is information that will help them understand a problem or a condition around the decisions that need to be made. However, they often do not know what data is available, what it is called, and how the data they need derived can be expressed.. See http://www.socaltech.com/calendar/eventid/24534 March 5, Los Angeles -- The USC Alumni Association is proud to present the 7th Annual USC Women's Conference: "Be Bold and Thrive!" We invite you to join more than 1,000 alumnae, parents, students and friends for an inspirational day of workshops, lively discussions and networking, here on our ever-changing University Park Campus. For further details see https://secure.www.alumniconnections.com/olc/pub/SCA/event/showEventForm.jsp?form_id=183596.. See http://www.socaltech.com/calendar/eventid/24449 March 6, Pasadena -- TZ Tech Crawl is back for the new year and teaming up with Digital LA for their Digital Women Symposium!! Come take a tour of some of the hottest LA Tech companies located in Pasadena. See http://www.socaltech.com/calendar/eventid/24552 March 6, Los Angeles -- BritWeek Nomination Deadline. The BritWeek and UK Trade & Investment Business Innovation Awards, presented by Virgin Atlantic, celebrate outstanding achievements in innovation among the diverse UK-California business community. See http://www.socaltech.com/calendar/eventid/24482 March 6, San Diego -- Startup Weekend EDU San Diego. Have you ever had an idea for improving education? Here’s your opportunity to transform your education ideas into action in 54 hours. Find the right people with the complementary skills & passion to build an education product in one weekend. Design for learning, conduct user tests, receive coaching from experienced education designers & industry professionals and win prizes that will help take your idea to the next level. See http://www.socaltech.com/calendar/eventid/24540 March 6, Pasadena -- Digital LA - Digital Women Symposium. Held on the weekend of International Women's Day, our first Digital Women symposium celebrates women in tech including women startup CEO / founders, digital professionals, developers, designers and more. The symposium includes panels, keynotes, and workshops featuring women and men to discus action steps to increase and retain women in tech, and connect and inspire attendees. The symposium will bring together speakers and attendees from LA to OC to Pasadena, at the new Cross Campus Pasadena location. See http://www.socaltech.com/calendar/eventid/24551 March 7, San Diego -- Startup Weekend EDU San Diego. Have you ever had an idea for improving education? Here’s your opportunity to transform your education ideas into action in 54 hours. Find the right people with the complementary skills & passion to build an education product in one weekend. Design for learning, conduct user tests, receive coaching from experienced education designers & industry professionals and win prizes that will help take your idea to the next level. See http://www.socaltech.com/calendar/eventid/24541 March 8, San Diego -- Startup Weekend EDU San Diego. Have you ever had an idea for improving education? Here’s your opportunity to transform your education ideas into action in 54 hours. Find the right people with the complementary skills & passion to build an education product in one weekend. Design for learning, conduct user tests, receive coaching from experienced education designers & industry professionals and win prizes that will help take your idea to the next level. See http://www.socaltech.com/calendar/eventid/24542 March 10, Santa Monica -- Startup Grind Los Angeles Hosts Cody Simms (Managing Director, Techstars). Cody has been operating at the intersection of technology and media since the late 1990s when his first employer Snap.com merged into NBC Internet. He is particularly interested in the ever-changing ways that our increasingly networked and connected society, creates, distributes and consumes information.. See http://www.socaltech.com/calendar/eventid/24539 March 10, Santa Monica -- Women in LAVA: "SO YOU THINK YOU CAN RAISE?" You have your concept, your team, marketing strategy, maybe even some sales, and now it’s time to raise capital to start or expand your company. Are you ready? Do you have all your financial ducks in a row? Is the timing right for your company for an Angel round? For a Series A round? Do you know how much you need to launch and to make it through your first year or two? What are investors looking for in a company? What triggers the funding? Is Crowdfunding the right path for your company? These are the questions our experienced panel will help you wade through, to help you have a clear picture of what you need to have ready for your raise.. See http://www.socaltech.com/calendar/eventid/24549 March 11, Los Angeles -- Live Talks Business Forum. C.L. Max Nikias, President, University of Southern California "Innovation in Higher Education" in conversation with Peter Marx Chief Innovation Technology Officer and Deputy Mayor, City of Los Angeles. USC President Nikias comes to Live Talks Business Forum to talk about how the nation’s top research universities can spur innovation and economic growth; bioscience as the next growth industry for Southern California; the cost/value of higher education; diversity; and the role of universities in the community.NEW . See http://www.socaltech.com/calendar/eventid/24554 March 12, Santa monica -- LAVA Annual Venture Awards Dinner. LAVA 12th Annual Venture Awards Dinner Celebrating 30 years of service to the Los Angeles Entrepreneurial Community. Featuring Frank Mottek, KNX1070 Business Hour Host as Master of Ceremonies. 2015 Hall of Fame Honoree - CHUCK DAVIS OF TCV AND SWAGBUCKS. See http://www.socaltech.com/calendar/eventid/24550 March 18, Santa Ana -- PDMA SoCal is pleased to welcome Jeff Blanton back for another informative and thought-provoking speaking engagement. Jeff’s wealth of experience includes strategic planning and product development for Fortune 500 companies as well as early-stage startups. For further details see "http://www.pdma.org/p/ca/vi/sid=537";.. See http://www.socaltech.com/calendar/eventid/24487 March 19, La Jolla -- CONNECT's Entrepreneur Hall of Fame. Join CONNECT in honoring Dr. Andrew Viterbi, Co-Founder of Qualcomm, at the prestigious Entrepreneur Hall of Fame Awards luncheon. See http://www.socaltech.com/calendar/eventid/24480 ----------------------------------------------------------------------- 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). SoCal-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 [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. 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