socaltech.com TechNews - Wednesday, May 13, 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). Make next happen now. 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 Key info (http://www.keyinfo.com) infrastructure ~ connectivity ~ co-location ~ cloud Shimokaji IP (http://www.shimokaji.com) Bettering Life Through Creative Ideas ------------------------------------------------------------------------ --aTyr Pharma Closes IPO --Qualcomm Backs Online Education Effort --FreedomPop Plans Expansion In UK --Glaukos Files For IPO --Vadio Finds $7.5M, Taps Sony's Landau As Chairman --Another Big Exit For Local Angels With Mindbody? --Mindbody Files For IPO --Toyota: Old Camry Hybrid Batteries Being Used To Power Yellowstone --Velocify Steals Away COO From ZEFR --Epicor, With Operations In OC, Plans Spinoff --AOL Acquired By Verizon For $4.4 Billion MARKETPLACE --Pitching Your Financial Vision to Investors (and More) - May 21st --KeyInfo, Wilcon:Fiber Ring Connectivity For LA and Ventura County --TechCXO - Los Angeles --Deloitte --SoCal IP Law Group LLP - Serving the IP Needs of Technology Innovators --Early Stage Commercial Insurance - Pacific Unified Insurance Agency RECENT JOB POSTINGS --Software Development Engineer, Pasadena, Oben --Seeking Technical Program Manager for Oben out of IdeaLab, Pasadena, Oben --Lead Web Applications Engineer, Pasadena, Wallaby Financial --IT Support and Help Desk (Part-Time), Santa Monica, RampRate --Director of Marketing - Master of Online (Multiple States), Santa Monica, RampRate --Senior Sourcing Analyst for IT Infrastructure Services (Multiple States), Santa Monica, Ramprate RECENT FUNDING EVENTS --------------------------------------------------------------------------- aTyr Pharma Closes IPO ---- San Diego-based aTyr Pharma said Tuesday afternoon that it has closed its initial public offering. the company sold 6,164,000 shraes of its common stock at $14.00 per share, raising $86.25M for the company. The company is now trading on the NASDAQ Global Market as LIFE. aTyr's venture backers include Fidelity Investments, Domain Associate, Polaris Partners, Alta Partners, Cardinal Partners, and Sofinnova Ventures. Qualcomm Backs Online Education Effort ---- San Diego-based Qualcomm is backing edX, a nonprofit provider of online, massive open online course (MOOC) technology, the two said this morning. According to the companies, Qualcomm subsidiary Qualcomm Education will help edX develop its technology, by contributing engineering resources and licensing its SDK code to edX. Financial details of the deal were not disclosed. edX develops online course software to more than 60 institutions, including MIT, Harvard, and Berkeley. FreedomPop Plans Expansion In UK ---- Los Angeles-based FreedomPop, the free mobile broadband provider backed by DCM, Atomico, and Mangrove Partners, is planning to expand to the United Kingdom in the summer, the company disclosed Tuesday. FreedomPop is led by Stephen Stokols, who had previously been VP of Strategy and Product Development at British Telecom. The company leaked that it is in the midst of an effort to raise a "large" funding round via a strategic investor or venture investors (More...) http://www.socaltech.com/freedompop_plans_expansion_in_uk/s-0060193.html Glaukos Files For IPO ---- Laguna Hills-based Glaukos, which is developing a medical device to treat glaucoma, has filed for an IPO. According to Glaukos, it is looking to raised up to $86.25M in an IPO oon the New York Stock Exchange, under the symbol GKOS. The IPO is being underwritten by J.P. Morgan, BofA Merrill Lynch, Goldman Sachs & Co., William Blair, and Cantor Fitzgerald & Co. Glaukos is venture backed by Domain Associates, Verant Ventures, Frazier Healthcare, InterWest Partners, Montreux Equity, OrbiMed, Meritech Capital Partners, and others. Vadio Finds $7.5M, Taps Sony's Landau As Chairman ---- Vadio, the music video streaming technology developer led by Bryce Clemmer, said today that it has raised $7.5M in a Series A funding round, and tapped former Sony Pictures Digital Entertainment executive Yair Landau as its Chairman and COO. The company--which has an office and significant operations in LA--develops technology which synchronizes streaming music audio with visual content and music videos. The funding was led by Marker LLC. Landau was at Sony for 17 yars, and also was recently at MK Capital and Mass Animation. Vadio has previously raised seed funding from Mucker Capital, Amplify.LA, and other Los Angeles investors. http://www.socaltech.com/intelligence/index.php?action=showdeal&id=64001 Another Big Exit For Local Angels With Mindbody? ---- Local angel investors--including the Tech Coast Angels and Pasadena Angels--might just have another big hit on their hands, with the news Tuesday that San Luis Obispo-based Mindbody has filed for an IPO. (More...) http://www.socaltech.com/another_big_exit_for_local_angels_with_mindbody_/s-0060182.html Mindbody Files For IPO ---- San Luis Obispo-based Mindbody has filed for an IPO, saying in an SEC filing that it is looking to raise up to $100M on the public markets. The startup, led by Rick Stollmeyer, has yet to select an exchange, but says it has applied to list as MB. The company's IPO is being underwritten by Morgan Stanley, Credit Suisse, UBS Investment Bank, Pacific Crest Securities, and JMP Securities. MindBody is venture backed by Bessemer Venture Partners, Catalyst Investors, Institutional Venture Partners, W Capital Partners, and J.P. Morgan. The company also has previously raised funding from the Tech Coast Angels, Frontera Capital, and the Pasadena Angels. Mindbody provides appointment booking software for the spa industry. Toyota: Old Camry Hybrid Batteries Being Used To Power Yellowstone ---- Toyota, which runs its U.S. operations out of Torrance, said today that old batteries used in the Toyota Camry Hybrid are being used to power the solar energy systems at a location in Yellowstone. (More...) http://www.socaltech.com/toyota_old_camry_hybrid_batteries_being_used_to_power_yellowstone/s-0060180.html Velocify Steals Away COO From ZEFR ---- Los Angeles-based Velocify, the developer of sales automation software which is led by Nick Hedges, has snagged ZEFR Chief Technology Officer Manoj Goyal as its new Chief Operating Officer, the company said Tuesday. http://www.socaltech.com/velocify_steals_away_coo_from_zefr/s-0060179.html Epicor, With Operations In OC, Plans Spinoff ---- Enterprise software developer Epicor--which has significant operations in Orange County--said Monday that it plans to spin its Retail Solutions Business into a separate, privately held company. (More...) http://www.socaltech.com/epicor_with_operations_in_oc_plans_spinoff/s-0060176.html AOL Acquired By Verizon For $4.4 Billion ---- AOL--which has been one of the most active acquirers of Southern California technology startups in recent years--has been acquired itself, by Verizon, AOL and Verizon announced this morning. According to Verizon, it will pay $50 per share for AOL, in a deal worth approximately $4.4 billion. AOL has been one of the most active acquirers of high tech startups in Southern California in recent years, having acquired LA's Convertro for $101M and paying $83M to acquire ad technology company Gravity last year, not to mentioning acquiring such startups here as Userplane--the original startup founded by Science Inc's Mike Jones, which has helped spawn dozens of other local startups. --------------------------------------------------------------------------- MARKETPLACE Reach 10000+ readers for 5 days for $250 Post your marketplace ad at: http://www.socaltech.com/postad.html ------------------------------ADVERTISEMENT------------------------------- Pitching Your Financial Vision to Investors (and More) - May 21st SAM Preccelerator Program Presents: “Pitching Your Financial Vision to Investors (and More)” with Eli Eisenberg – May 21, 2015. OIN STUBBS ALDERTON & MARKILES, LLP FOR THIS EXCLUSIVE EVENT! This course will show you how to put your best foot forward when presenting your company’s business model to potential investors. Areas covered will include: 1. What investors are looking for in your pitch 2. How to prepare a credible financial model 3. Pitching techniques that work Register today! https://www.eventbrite.com/e/sam-preccelerator-program-presents-pitching-your-financial-vision-to-investors-and-more-with-eli-tickets-16906003311 ------------------------------ADVERTISEMENT------------------------------- KeyInfo, Wilcon:Fiber Ring Connectivity For LA and Ventura County Key Information Systems, Inc. (KeyInfo), a leading cloud and infrastructure provider offering integrated solutions to enterprises, has announced the launch of its dedicated fiber ring built in partnership with Wilcon, the premier West Coast provider of private fiber optic networks. The KeyInfo fiber ring brings high-speed, private connectivity to businesses in Los Angeles and Ventura Counties. Because of its characteristic high security, fiber is an ideal choice for industries with highly regulated or sensitive data requirements. Organizations in the healthcare, financial, retail and government verticals can depend on Wilcon’s absolute physical layer security to protect the data in transit. For more information about the KeyInfo fiber ring, please visit our website at: http://keyinfo.com/solutions-we-build/Connectivity/fiber/ ------------------------------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------------------------------- 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------------------------------- SoCal IP Law Group LLP - Serving the IP Needs of Technology Innovators 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------------------------------- ------------------------------------------------------------------------ RECENT JOB POSTINGS More jobs at http://www.socaltech.com/Jobs Members post jobs for free Software Development Engineer, Pasadena, Oben http://www.socaltech.com/showjob.php?id=5641 Seeking Technical Program Manager for Oben out of IdeaLab, Pasadena, Oben http://www.socaltech.com/showjob.php?id=5640 Lead Web Applications Engineer, Pasadena, Wallaby Financial http://www.socaltech.com/showjob.php?id=5639 IT Support and Help Desk (Part-Time), Santa Monica, RampRate http://www.socaltech.com/showjob.php?id=5638 Director of Marketing - Master of Online (Multiple States), Santa Monica, RampRate http://www.socaltech.com/showjob.php?id=5623 Senior Sourcing Analyst for IT Infrastructure Services (Multiple States), Santa Monica, Ramprate http://www.socaltech.com/showjob.php?id=5626 ------------------------------------------------------------------------ RECENT FUNDING SUMMARY 05/12/15 Wag $2.5M http://www.socaltech.com/intelligence/?action=showdeal&id=63998 05/05/15 Incentive $1.7M http://www.socaltech.com/intelligence/?action=showdeal&id=63865 05/04/15 NeuroVigil $0.0M http://www.socaltech.com/intelligence/?action=showdeal&id=63860 05/01/15 BigRentz, Inc. $0.0M http://www.socaltech.com/intelligence/?action=showdeal&id=63858 04/29/15 Seven Lakes Technologies $20.0M http://www.socaltech.com/intelligence/?action=showdeal&id=63853 04/28/15 Nestigator, LLC $3.0M http://www.socaltech.com/intelligence/?action=showdeal&id=63820 04/28/15 Access Integrated Healthcare $8.5M http://www.socaltech.com/intelligence/?action=showdeal&id=63818 04/27/15 Predixion Software, Inc. $0.0M http://www.socaltech.com/intelligence/?action=showdeal&id=63817 04/27/15 Ferris $2.0M http://www.socaltech.com/intelligence/?action=showdeal&id=63816 04/23/15 3D Robotics $15.0M http://www.socaltech.com/intelligence/?action=showdeal&id=63811 04/23/15 PingThings $0.0M http://www.socaltech.com/intelligence/?action=showdeal&id=63810 04/22/15 RadPad $9.0M http://www.socaltech.com/intelligence/?action=showdeal&id=63809 04/21/15 Twigtale $1.0M http://www.socaltech.com/intelligence/?action=showdeal&id=63750 04/20/15 InAuth $20.0M http://www.socaltech.com/intelligence/?action=showdeal&id=63747 04/17/15 Fliptu $1.2M http://www.socaltech.com/intelligence/?action=showdeal&id=63746 04/16/15 Acorns Grow Inc $23.0M http://www.socaltech.com/intelligence/?action=showdeal&id=63710 04/16/15 Procore Technologies $30.0M http://www.socaltech.com/intelligence/?action=showdeal&id=63707 --------------------------------------------------------------------------- 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 May 13, Aliso Viejo -- What's In Your Backyard? The Benefits of Manufacturing in CA. OC Tech Alliance. With the increasing costs of labor, transportation, and other off shore factors, leading technology companies are evaluating “where should we be manufacturing for competitive advantage?”. See http://www.socaltech.com/calendar/eventid/24676 May 13, Thousand Oaks -- How CoolPlanet Raised Millions for Super Soil and Biofuel. Clean Technology Council. Keynote from Neil Wahlgren, Commercial Director at Cool Planet, a leading technology company in sustainable products relating to energy, food and water. The company converts non-grain based biomass into high-octane gasoline, jet and diesel fuel and CoolTerra BioChar soil amendment at their biocarbon facility. Cool Planet has backing from Google Ventures, BP, Conoco Phillips, GE, Exelon and NRG Energy to deploy Cool Planet technology. See http://www.socaltech.com/calendar/eventid/24709 May 14, Los Angeles -- Broads Circle 2015 Events Presents Money & Power Events: Open to the Public on MAY 14: Advantage Women: Targeting Government and Business Opportunities for Women Luxe Sunset Hotel, Los Angeles. Event Producer & Moderator: TRACY WILLIAMS President & CEO, Olmstead Williams Communications Keynote: KRISTEN ALLISON President & CEO, Burnham Benefits Insurance Services Panelist: DONNA J. DAVIS Regional Administrator for Region IX, SBA. See http://www.socaltech.com/calendar/eventid/24555 May 14, Westlake Village -- IEEE Buenaventura Spring Mixer “Rising Stars and Old Nebulas in Blue Jeans” celebrating Levi Strauss's patent of the blue jeans issued 142 years ago. Join us and see what everyone is up to! We are creating a moment for everyone to just chill and relax among fellow engineers in the cool and hip setting of the CLU’s new Huddle Entrepreneurial Center in Westlake Village. We designed a fun and easy going experience for you! You are the guest of the BV Section. No fee for entrance, parking, food or drinks. Zak Cohen, our emcee, will be providing one of his famous brief but truly humorous presentations on what happened on the same day a long time ago. This year, Zak will share some unique insights into the patent of the blue jeans by Levi Strauss 142 years ago!. See http://www.socaltech.com/calendar/eventid/24688 May 14, Costa Mesa -- May Workshop: Get Funded - How to Land A Big Check For Your Startup. Entrepreneurs spend countless hours chasing investors for their treasure. But why do so few start ups get funded? In this highly interactive and action-oriented workshop, participants will be challenged to figure out what’s holding back investment into their companies and work collaboratively to build an action plan to land a big check. Our speaker David Ochi - UCI Irvine Blackstone LaunchPad.. See http://www.socaltech.com/calendar/eventid/24701 May 14, Irvine -- Cleantech Leaders Conference The full-day event will focus on sustainability and innovative ways to conserve water and prevent pollution. Environmentalists, inventors and green venture capitalists will all be in attendance and networking. Some speakers include: Marjolein Helder CEO Plant-e; Jerry Yudelson Past president of the Green Building Initiative (GBI); Jeff Brain CEO of Ciralight Global, Inc; Mayor Miguel Pulido Mayor of Santa Ana.. See http://www.socaltech.com/calendar/eventid/24703 May 19, Santa Ana -- Intellectual property has become an increasingly critical element in the new product development, introduction, and commercialization process. PDMA SoCal is pleased to announce an evening with Dr. Anurag Bist, founder and CEO of AshmarIP, a leading intellectual property research and consulting firm. For further details check http://www.pdma.org/p/ca/vi/sid=538.. See http://www.socaltech.com/calendar/eventid/24485 May 20, Irvine -- The Changing Revenue Reporting Landscape: Are You on Stable Ground?.OC Tech Alliance. As regulators continue to step up scrutiny of financial statements, the clock is ticking toward implementation of the new converged revenue standards. Everyone – businesses, audit firms and consulting advisors – are evaluating what it will take for companies to remain compliant today and when the new standards take effect. This presentation will help financial executives ensure they keep pace with the current level of oversight as well as increase understanding of the new revenue recognition rules and how they might affect company strategy, processes and practices.. See http://www.socaltech.com/calendar/eventid/24677 May 20, La Jolla -- The Institute of the Americas presents the XXIV La Jolla Energy Conference invites thought leaders from across the hemisphere to present policy updates and outlooks on the key energy trends and issues for the Americas. In-depth analysis of energy trends and unparalleled exposure and networking for attendees and sponsors. via Green Lava. . See http://www.socaltech.com/calendar/eventid/24698 May 20, Los Angeles -- eXathon. Early X Foundation. Creating 100 New Business Opportunities In One Day.On May 20 the Early X Foundation will present IP Assets for commercialization from three of the Federal Government’s largest and most important national research laboratories. The event’s one-day goal: Create 100 new business opportunities. Email [email protected]. See http://www.socaltech.com/calendar/eventid/24700 May 21, Pomona -- H2O TECHCONNECT H2O TECHCONNEC Matchmaking & User Conference. The H2O TECHCONNECT Matchmaking & User Conference is designed to help the Innovation and Technology Community learn how to use the H2O TECHCONNECT Platform to "CONNECT" with innovation and technology community members, FORM virtual teams, FIND research partners, DISCOVER new technologies, DISCUSS ideas, FIND grant and funding partners, PARTICIPATE in pilot programs, CREATE prototypes, DISCOVER experts and resources, and COMMERCIALIZE your technology. H2O TECHCONNECT is accelerating connections in technology for innovators, universities, investors, public agencies, entrepreneurs, advanced manufacturing, etc. all over the world.. See http://www.socaltech.com/calendar/eventid/24662 May 21, La Jolla -- The Institute of the Americas presents the XXIV La Jolla Energy Conference invites thought leaders from across the hemisphere to present policy updates and outlooks on the key energy trends and issues for the Americas. In-depth analysis of energy trends and unparalleled exposure and networking for attendees and sponsors. via Green Lava. . See http://www.socaltech.com/calendar/eventid/24699 May 27, Irvine -- Tech Demos & Drinks (Tech in Motion). Join Tech in Motion Orange County – OC’s largest tech meetup, for another free event featuring live demos! How does tech get you moving? GitMoving: Demos & Drinks will feature companies that have tech products, software, apps that get us moving. Think robots, drones, apps, and athletic equipment. See http://www.socaltech.com/calendar/eventid/24711 May 28, Irvine -- SMART Worker A leader in the Internet of Things movement, Calit2, from the start, has developed and integrated technology into devices and applications for improving our daily lives. When President Obama launched the Advanced Manufacturing Partnership, Calit2 saw an opportunity to apply its IoT and people-centric approach, and launched a Sustainable Manufacturing Alliance for Research and Training (SMART). SMART’s vision: to employ technology to empower skilled workers with greater autonomy and decisionmaking responsibilities, resulting in more energy-efficient, productive and safer factories.. See http://www.socaltech.com/calendar/eventid/24693 May 28, Los Angeles -- K.C. Choi, the VP of Hewlett Packard, will discuss The New Style of IT: The “perfect storm” implications of cloud, big data, mobility and security on next generation computing technologies and software defined data centers. HP’s rethinking and reinvention of the computer, aka "The Machine". And an update on HP’s separation into two firms, and “what’s in it for customers”. See http://www.socaltech.com/calendar/eventid/24686 June 3, Los Angeles -- Tech and the California Economy: Is the Future in the Code? UCLA Forecast. The information age is upon us and will continue to disrupt old ways of doing things and replace them with new digitally driven processes. Will this transformation be like the Industrial Revolution, painful but ultimately democratizing by increasing incomes and leisure time for the vast majority of Americans, or will it further inequality and continue to hollow out the middle class? These key questions will be discussed as part of the June quarterly update of the Anderson Forecast ConferenceNEW . See http://www.socaltech.com/calendar/eventid/24717 June 4, Los Angeles -- Information Security Summit. The premier Information Systems Security Event in Los Angeles. The Summit is known for its groundbreaking keynotes and speakers, and this year will be no exception, with Internationally Renowned Security Technologist and Author Bruce Schneier, David Kennedy, Ira Winkler, Matthew Prince, Aaron Turner, John Dickson, Jerry Hoff, Jim Manico, and Marcus Ranum amongst the line-up of featured keynotes and speakers.. See http://www.socaltech.com/calendar/eventid/24707 June 6, El Segundo -- Canadarm2 and Beyond. Meeting hosted by the Institution of Engineering and Technology (www.theiet.org)featuring a talk and interactive discussion on the Canadarm2 and the Space Station Remote Manipulator System (SSRMS), a self-relocatable robotic system that can move end-over-end to reach many parts of the Space Station in an inchworm-like movementNEW . See http://www.socaltech.com/calendar/eventid/24718 ----------------------------------------------------------------------- Sponsored by: TVC Capital LLC (www.tvccapital.com) Investments in and Acquisitions of Growing Software Companies Silicon Valley Bank (http://www.svb.com). Make next happen now. 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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