socaltech.com TechNews - Thursday, February 26, 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. Stubbs Alderton Markiles, LLP (http://www.stubbsalderton.com). Business. Technology. Law. Vision. PricewaterhouseCoopers (http://www.socaltech.com/pwc). Binary Pulse Technology Marketing (http://www.binarypulse.com). We Create Demand for California's Technology Companies. Fetch Recruiting, Inc. (http://www.fetchrecruiting.com) Technical Recruiting for LA based Startups and High-Growth Companies ------------------------------------------------------------------------ --Luxe Valet Raises $20M --Brikk Blings Up The Apple Watch With Diamonds, Gold --Meritage Pharma Acquired For $70M By Shire --TherMark Acquired By Ferro --WD Rolls Out Network Attached Storage --Iteris Loses CEO --Mavenlink Finds $19M For Project Management Tools --GoDaddy Selects NYSE For IPO Effort MARKETPLACE --New Q4/Full Year Money Tree Results! --TechCXO - Los Angeles --La Visual - A Branding, Product Strategy & Rapid Prototyping Accelerator --Safire Partners Executive Search --Pixelgate.net - Internet Access, Web Hosting, Network Services 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------------------------------- ------------------------------ADVERTISEMENT------------------------------- --------------------------------------------------------------------------- Luxe Valet Raises $20M ---- Luxe Valet, the on-demand valet parking app provider which launched into LA in January, has reportedly raised $20M in a new financing. The funding came from Redpoint and Venrock, and also included the company's prior investors, including Google Ventures, Sherpa Ventures, Lightspeed Venture Partners, Foundation Capital, and Data Collective, according to the report. Luxe Valet is also backed by LA's Upfront Ventures, which was not mentioned in the report. Brikk Blings Up The Apple Watch With Diamonds, Gold ---- Need some serious bling on your new Apple Watch? Los Angeles-based design firm Brikk is bringing on some serious bling to the Apple Watch, saying this morning that it is launching 30 models of the Apple Watch availablegold, platinum, and studded with diamonds. The company said the models range from $7,495 to $69,995 for its versions of the Apple Watch, with its high end model, the Lux Watch Omni, wrapped with over 12 carats of diamonds. Brikk said it expects to ship its version of the Apple Watch 4-6 weeks after the official release. http://www.socaltech.com/brikk_blings_up_the_apple_watch_with_diamonds_gold/s-0059128.html Meritage Pharma Acquired For $70M By Shire ---- San Diego-based pharmaceuticals firm Meritage Pharma has been acquired by Shire plc, Shire announced this week in a deal worth $70M upfront plus unspecified earnout. Shire said the deal gives it the global rights to Meritage's Oral Budesonide Suspension (OBS), which is being targeted at the treatment of eosinophilic esophagitis (EoE), a rare, chronic inflammatory gastrointestinal (GI) disease. Shire said the acquisition will enhance its late stage pipeline. Meritage Pharma was venture backed by Domain Associates, Latterell Venture Partners, and Vertical Group, and had raised north of $33.5M since 2008. TherMark Acquired By Ferro ---- Irvine-based laser marketing technology developer TherMark Holdings has been acquired by Cleveland-based Ferro Corporation, in a deal worth $5.5M, the two said late Wednesday afternoon. TherMark develops laser marking technology used to permanently fuse marking materials to metals, ceramics, glass, and other surfaces. Ferro had been the supplier of those marking materials to TherMark. TherMark was backed by the Tech Coast Angels and Pasadena Angels, and had announced a total of around $2.55M in funding since 2006. WD Rolls Out Network Attached Storage ---- Irvine-based Western Digital said today that it has rolled out a new set of network attached storage devices, aimed at the creative professional and small business market. The company said it launched four new products in its My Cloud line including two- and four-bay network attached storage systems, with versions aimed at the prosumer market, and parallel models aimed at small business customers. Both systems support up to 24 TB of storage, multiple RAID options, backup software, and more. The systems start at $249.99 and range up to $1449.99 for the full 24TB. Iteris Loses CEO ---- Santa Ana-based Iteris, which provides traffic management technology, said its CEO and president, Abbas Mohaddes, has resigned. The company said Mohaddes resigned from both his position and the company's board to "pursue other opportunities". The company has appointed Kevin Daly--who was on the company's board--as interim CEO until the company finds a replacement. Iteris said it has tapped Heidrick and Struggles for the CEO search. Mohaddes had been CEO of Iteris since 2007. Mavenlink Finds $19M For Project Management Tools ---- Irvine-based Mavenlink, the developer of business and project management software led by Ray Grainger, said Tuesday that it has raised $19M in a round of funding. The funding was split between $15M in equity, plus $4M in a credit facility. The equity investment was led by Carrick Capital Partners, and the credit facility came from Silicon Valley Bank. Mavenlink's business software is aimed at project management, particularly in the ares of marketing, IT services, software implementation, management consulting, and similiar areas. GoDaddy Selects NYSE For IPO Effort ---- GoDaddy, the parent of Los Angeles-based website hosting service MediaTemple, said in a regulatory filing late Tuesday that is has selected the NYSE for its IPO. GoDaddy said that it hopes to trade under the ticker symbol GDDY. GoDaddy filed for an IPO back in June. GoDaddy is backed by KKR, Silver Lake, and Technology Crossover Ventures. The company has significant operations in Los Angeles, largely due to the company's acquisition of Media Temple in 2013; GoDaddy's recent push into the small business hosting market has come in part due to the talent and executive team from Media Temple. --------------------------------------------------------------------------- MARKETPLACE Reach 10000+ readers for 5 days for $250 Post your marketplace ad at: http://www.socaltech.com/postad.html ------------------------------ADVERTISEMENT------------------------------- New Q4/Full Year Money Tree Results! Get the latest Q4/Full Year 2014 PwC SoCal MoneyTree Report Are you interested in understanding the latest trends in venture capital investments in Southern California? Want to know how the region did in terms of venture capital? PwC has just posted the results of the Q4 2014 Southern California venture deals, in its Shaking The MoneyTree presentation and update from HJ Paik, Director, Emerging Company Services Download it today for free! http://www.socaltech.com/pwc/PwC%20Shaking%20the%20MoneyTree%20Q4-Full%20Year%202014.pdf http://www.socaltech.com/pwc ------------------------------ADVERTISEMENT------------------------------- TechCXO - Los Angeles 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: Tim Noonan Managing Partner, LA Region TechCXO (805)290-3720 [email protected] ------------------------------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------------------------------- Safire Partners Executive Search Safire Partners has completed 500+ 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------------------------------- Pixelgate.net - Internet Access, Web Hosting, Network Services We put the "Service" back into Internet Service Provider. http://www.pixelgate.net ------------------------------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 02/25/15 Mavenlink, Inc. $19.0M http://www.socaltech.com/intelligence/?action=showdeal&id=62388 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 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.. 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). 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