socaltech.com TechNews - Friday, July 1, 2016 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. PricewaterhouseCoopers (http://www.socaltech.com/pwc). Binary Pulse Technology Marketing (http://www.binarypulse.com). We Create Demand for California's Technology Companies. Key info (http://www.keyinfo.com) infrastructure ~ connectivity ~ co-location ~ cloud Technical Connections, Inc. (http://www.technicalconnections.com) Successfully connecting Tech Talent with Premier Clients in SoCal for over 30 years. ------------------------------------------------------------------------ --How Kaleo Is Tackling Enterprise Knowledge Sharing --Belkin Opens First Bricks-and-Mortar Store, At LAX --Wpromote Opens Up New Office In San Francisco --Geni Signs Up For DNA Testing --Alorica Acquires Expert Global Solutions --Motor Trend OnDemand Debuts On Xbox --Ignyta Raises $42M In Term Loan --Reports: Tidal, Apple In Acquisition Talks --Woven Digital Takes $18M More In Funding --ProducePay Harvests $2.5M --BandwidthX Scores Strategic Investment From Orange Digital --All Def Digital Gets $10M MARKETPLACE -- Fastener.io - Connecting Publishers and Solutions --Safire Partners Executive Search --Technical Connections - Connecting Tech Talent with Premier Clients in SoCal --Introducing KeyCloud --TechCXO - Los Angeles --SoCal IP Law Group LLP - Serving the IP Needs of Technology Innovators --Find Help To Power Your Firm To The Next Level RECENT JOB POSTINGS --Interim Controller/CFO Consultants and other Accounting/Finance Consultants, Los Angeles, Agility Financial Partners, LLC RECENT FUNDING EVENTS ------------------------------ADVERTISEMENT------------------------------- Support Our News Coverage - Become A Member Today! We often get asked--how do we pay for our news coverage and our publishing efforts? That's simple -- it's a combination of our sponsors and YOU. How can YOU make sure you continue to get news on Southern California's technology industry? By becoming a member of socaltech! Not only do you get to support our news coverage, but you also get access to our big database of Southern California companies, venture investors, service providers, and deal information, and many other resources. We are relying on YOU! Join today at http://www.socaltech.com/Membership --------------------------------------------------------------------------- How Kaleo Is Tackling Enterprise Knowledge Sharing ---- Phil Hui-Bon-Hoa, the CEO of El Segundo-based Kaleo (www.kaleosoftware.com), is a serial entrepreneur who has previously built and sold four companies, including one acquired by IFILM, and another by Sun Microsystems. He's now hard at work at a new company, Kaleo, which is tackling the enterprise, knowledge sharing market—and already has an impressive list of Fortune 500 customers. We spoke with Phil about his new company, which is backed by OMERS Ventures, Saturn Partners, Karlin Ventures, Qualcomm Ventures, Double M Partners and Greycroft Partners. http://www.socaltech.com/how_kaleo_is_tackling_enterprise_knowledge_sharing/s-0066049.html --------------------------------------------------------------------------- Belkin Opens First Bricks-and-Mortar Store, At LAX ---- Marina Del Rey-based consumer electronics accessory maker Belkin says it has opened up its first ever, bricks-and-mortar store, located a LAX Airport in Terminal 6. Belkin said the new store--being run in conjunction with airport concessionaire Huddson Group--will offer up its tablet and smartphone accessories, including chargers, cables, screen protectors, and more. Belkin said the Terminal 6 store comes as part of a broader remodeling of that terminal at LAX this year, and opened in May. http://www.socaltech.com/belkin_opens_first_bricks_and_mortar_store_at_lax/s-0066058.html Wpromote Opens Up New Office In San Francisco ---- Los Angeles-based Wpromote, the provider of digital marketing services to brands and companies, says it has opened up a new office in San Francisco. According to the company, the office is the third for the company, which is headquartered in El Segundo and also has an office in Chicago. WPromote offers up search engine, mobile, and social marketing for such clients as Papyrus, Zenni Optical, Z Gallerie and Xero. The company said the expansion specifically will target expansion in the healthcare and technology markets. Geni Signs Up For DNA Testing ---- Burbank-based family tree software developer Geni--which is now part of MyHeritage--said late Thursday afternoon that it has added DNA testing to its service, letting its users test their DNA for a more accurate family tree. According to Geni, the addition of DNA testing will help by "separating fact from fiction" and let users confirm if, indeed, family relationships are what they seem. Geni also said it would use the DNA results to help for matching previously unknown relatives. Geni said it will include three, different types of DNA tests--Y-DNA, mtDNA (mitochondrial DNA), and autosomal DNA testing. As part ofthe launch, Geni said it has tapped into partner Family Tree DNA, to populate existing DNA information for more than 228,000 people into its database. Alorica Acquires Expert Global Solutions ---- Irvine-based business outsourcing provider Alorica said Thursday that it has acquired Expert Global Solutions, Inc., a provider of outsourced, customer service and financial collections services. EGS was based in Plano, Texas. Financial terms of the deal were not announced, however, Alorica said the acquisition will push the company to a projected $2.4 billion in 2016 revenues, with 48,000 employees in the U.S., 28,500 in the Philippines and 13,000 in Latin America. Alorica says it now has a total of 92,000 employees in 147 locations spread across 16 countries. Motor Trend OnDemand Debuts On Xbox ---- Motor Trend OnDemand, the video-on-demand service run by Los Angeles-based TEN: The Enthusiast Network, has made its debut on Xbox One and Xbox 360, according to TEN. The service was already available on iPhone, iPad, Apple TV, Roku, Android devices, plus the web. TEN, which is led by Scott Dickey, said the service features more than 1,500 hours of original and live content, plus real time racing event access. TEN owns the Motor Trend, Hot Rod, Surfer, GRINDTV, and several other publications and websites. http://www.socaltech.com/motor_trend_ondemand_debuts_on_xbox/s-0066059.html Ignyta Raises $42M In Term Loan ---- San Diego-based precision medicine developer Ignyta said Thursday afternoon that it has secured a new, $42M term loan facility. The loan came from Silicon Valley Bank and Oxford Finance. The company said the loan has an interest rate of Prime + 4.35%, and that the company has interest only payments for twenty-four months, followed by an amortization period of thirty-six months. According to the company, it has initially drawn on $32M of that loan, with "substantially all" of that loan going to repay a prior loan from Silicon Valley Bank; Ignyta cannot draw on the additional, $10M of that loan until April 7, 2017, if it meets certain conditions. Reports: Tidal, Apple In Acquisition Talks ---- A report from the WSJ late Thursday said that Apple Computer is in discussions with music service Tidal--founded by Jay-Z--to acquire the company. No pricing details on the potential deal--which the Journal said "may not result in a deal"--were released. http://www.socaltech.com/reports_tidal_apple_in_acquisition_talks/s-0066053.html Woven Digital Takes $18M More In Funding ---- Los Angeles-based Woven Digital, which develops original video content aimed at the pop culture and millennial male market, has raised $18.5M in a Series B funding. The funding was led by WPP Ventures, along with Institutional Venture Partners and Advancit Capital. The company said the funding will go to scale its coverage of news, sports, and entertainment. Woven Digital, which is led by Colin Digiaro, runs such brands as Uproxx, Hitfix, and BroBible. http://www.socaltech.com/woven_digital_takes__8m_more_in_funding/s-0066050.html ProducePay Harvests $2.5M ---- Los Angeles-based ProducePay, which develops a service to help farmers better manage their cash flow, has raised $2.5M in a seed funding round, the company said this week. The funding came from Menlo Ventures, Arena Ventures, CoVenture, Red Bear Angels and Social Leverage. ProducePay is led by Pablo Borquez. http://www.socaltech.com/intelligence/index.php?action=showdeal&id=75213 BandwidthX Scores Strategic Investment From Orange Digital ---- Carlsbad-based BandwidthX, which provides an online marketplace for third party, Wi-Fi networks--targeted at helping mobile operators scale their cellular networks--said it has received a strategic investment from Orange Digital. The size of the investment was not announced by the company. BandwidthX's real-time marketpace lets mobile operators buy up unused, Wi-Fi capacity from broadband Internet service providers, helping them to offload the load on their mobile data networks. Nicolas Demassiex, head of Orange Labs, has joined BandwidthX's Advisory Board as part of the investment. s Pertti Visuri is CEO of BandwidthX. http://www.socaltech.com/intelligence/index.php?action=showdeal&id=75212 All Def Digital Gets $10M ---- Culver City-based All Def Digital, an urban youth programming media brand co-founded by Sanjay Sharma and Russell Simmons, has raised $10M in a Series B financing. The funding was led by Third Wave Digital partners, and also included WPP Ventures, Andreessen Horowitz, along with Nu Horizons, Greycroft Partners, eVentures and Advancit Capital. All Def Digital said the funding will go towards original programming, distribution, and brand marketing services. Third Wave Digital Partners is the investment fund of Allen DeBevoise. All Def Digital says it now has over 100 million fans following it across YouTube and Facebook. http://www.socaltech.com/intelligence/index.php?action=showdeal&id=75211 --------------------------------------------------------------------------- MARKETPLACE Reach 10000+ readers for 5 days for $250 Post your marketplace ad at: http://www.socaltech.com/postad.html ------------------------------ADVERTISEMENT------------------------------- Fastener.io - Connecting Publishers and Solutions Fastener.io is a digital content publishing consultancy founded in 2013 and based in Santa Monica serving both publishers and publisher solutions. http://www.fastener.io ------------------------------ADVERTISEMENT------------------------------- Safire Partners Executive Search Safire Partners is a 15-person Los Angeles-based executive search firm built for SoCal's emerging companies working on ~100 searches per year. Clients cross over mobile, adtech, media, gaming, software, ecommerce, services, and consumer products. We always want to meet great companies, investors and executives, please reach out via http://www.safirepartners.com. ------------------------------ADVERTISEMENT------------------------------- Technical Connections - Connecting Tech Talent with Premier Clients in SoCal Technical Connections is Southern California’s premier staffing firm specializing exclusively in web, software and information technology professionals. With offices in Los Angeles and Orange County, TCI offers a full range of services including retained search, contingency placement, and short- and long-term consulting, to companies ranging from Fortune 100’s to start-ups. http://www.technicalconnections.com ------------------------------ADVERTISEMENT------------------------------- Introducing KeyCloud There’s no reason for business operations to suffer due to legacy technology. Throw it all to the cloud and transform your IT infrastructure to cloud-based, enterprise level software with KeyCloud. KeyCloud offers local enterprise cloud with best-of-breed infrastructure. KeyCloud delivers compute, storage, and network through Infrastructure-as-a-Service (IaaS). KeyCloud offers highly secure virtual and dedicated machines in an environment that enables you to run your apps on our carrier grade datacenter for 99.999 percent uptime. Engineered on a pool of highly redundant servers and storage, KeyCloud is available in custom configurations to rapidly respond to your IT needs. These Cloud services will quickly and dynamically scale as your business needs grow without ever having to worry about hardware infrastructure again. To learn more about KeyCloud, visit http://www.keycloud.com or call (818) 737-2186. ------------------------------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------------------------------- 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------------------------------- 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------------------------------- ------------------------------------------------------------------------ RECENT JOB POSTINGS More jobs at http://www.socaltech.com/Jobs Members post jobs for free Interim Controller/CFO Consultants and other Accounting/Finance Consultants, Los Angeles, Agility Financial Partners, LLC http://www.socaltech.com/showjob.php?id=5676 Senior iOS / Mobile Developer, Santa Monica, Mobolize http://www.socaltech.com/showjob.php?id=5674 Software Engineering Intern, Los Angeles, Factual http://www.socaltech.com/showjob.php?id=5673 Summer Intern - Data Engineer, Los Angeles, Factual http://www.socaltech.com/showjob.php?id=5672 Business Development Associate: Energy, Environment, & Infrastructure, Los Angeles, The British Embassy http://www.socaltech.com/showjob.php?id=5671 Director of Talent, Marina Del Rey, Vision Fleet http://www.socaltech.com/showjob.php?id=5670 ------------------------------------------------------------------------ RECENT FUNDING SUMMARY 06/30/16 ProducePay $2.5M http://www.socaltech.com/intelligence/?action=showdeal&id=75213 06/30/16 ALL DEF DIGITAL $10.0M http://www.socaltech.com/intelligence/?action=showdeal&id=75211 06/30/16 BandwidthX $0.0M http://www.socaltech.com/intelligence/?action=showdeal&id=75212 06/27/16 Thrive Market $111.0M http://www.socaltech.com/intelligence/?action=showdeal&id=75148 06/24/16 Reflexion Health $18.0M http://www.socaltech.com/intelligence/?action=showdeal&id=75093 06/22/16 Processing.com $0.0M http://www.socaltech.com/intelligence/?action=showdeal&id=75040 06/21/16 Blueprint Bio $7.5M http://www.socaltech.com/intelligence/?action=showdeal&id=74883 06/17/16 Within $12.6M http://www.socaltech.com/intelligence/?action=showdeal&id=74779 06/16/16 LogicMonitor, Inc. $130.0M http://www.socaltech.com/intelligence/?action=showdeal&id=74774 06/15/16 Vow To Be Chic $5.0M http://www.socaltech.com/intelligence/?action=showdeal&id=74773 06/13/16 The Virtual Reality Company $23.0M http://www.socaltech.com/intelligence/?action=showdeal&id=74676 06/09/16 IMPACT RADIUS $30.0M http://www.socaltech.com/intelligence/?action=showdeal&id=74509 06/08/16 Cylance $100.0M http://www.socaltech.com/intelligence/?action=showdeal&id=74504 06/07/16 Armorway $2.5M http://www.socaltech.com/intelligence/?action=showdeal&id=74381 06/07/16 QLess $3.5M http://www.socaltech.com/intelligence/?action=showdeal&id=74380 06/02/16 LootCrate $18.5M http://www.socaltech.com/intelligence/?action=showdeal&id=74257 --------------------------------------------------------------------------- Upcoming Events This Month http://www.socaltech.com/Calendar socaltech.com Calendar of Southern California High Tech Events Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html July 6, Los Angeles -- Cross Campus LA LaunchesNEW . See http://www.socaltech.com/calendar/eventid/25331 July 9, Los Angeles -- Big Data Day Los Angeles. Big Data Day LA is the largest of its kind, and completely free, Big Data conference in Southern California. Spearheaded by Subash D’Souza and organized and supported by a community of volunteers, sponsors and speakers, Big Data Day LA features the most vibrant gathering of data and technology enthusiasts in Los Angeles. The first Big Data Day LA conference was in 2013, with just over 250 attendees. We have since grown to over 550 attendees in 2014 and over 950 attendees in 2015. This year we expect to have over 1200 attendees. See http://www.socaltech.com/calendar/eventid/25316 July 11, Irvine -- Expressive Robotics - UCI Summer Academies in the Arts. Program and design in an artistic setting! Collaborate to create robotic projects by stimulating innovation through imaginative thinning. No programming skills required. See http://www.socaltech.com/calendar/eventid/25255 July 15, Los Angeles -- Mid-Year Economic Forecast. LABJ. Please join the Los Angeles Business Journal and San Fernando Valley Business Journal as we present our 2016 Mid-Year Economic Trends and Forecast. Our panel of regional experts from key industries in Southern California will take a look back at the first half of 2016, discuss the economic trends affecting the remainder of the year, and share their insights on where they feel the market is headed. Don’t miss this opportunity to be a part of the conversation. See http://www.socaltech.com/calendar/eventid/25325 July 20, Santa Monica -- "TED-style" presentation with women entrepreneurs from Vow To Be Chic, TomboyX & Repurpose share their journeys to success. Panel of women leading networking orgs for entrepreneurs discuss how they can help you succeed.. See http://www.socaltech.com/calendar/eventid/25311 July 21, Santa Monica -- LA CEOs. LA CEOs Presents: "What Really Matters? A Practical Guide to Contract Negotiations." There are two terms/conditions litigated more than any other in all contracts. Come learn what they are and how to position your company to avoid litigation and prevail. Our discussion will be led by Bryan Cave, Partner Andrew Klungness. This FREE event is restricted to qualified CEOs & CFOs only. Confirmed RSVP required. No service providers. See http://www.socaltech.com/calendar/eventid/25318 July 27, Riverside -- The Roadmap to Commercialization: Confirming Your Product. Tritech SBDC. Why is the right business model critical to your venture start-up’s success? Can a bad value proposition kill your business? How well do you really know your target customer? As a founder, your “Hero’s Journey” will be fraught with numerous obstacles, “uncertainty, fear and doubt”. This workshop series will help you determine and verify the right course for your start-up, raise your odds of being funded, and build a scalable, sustainable company. In this workshop, you will learn how to. ? 1.Search for and discover your best niche customers 2.Create the right value propositions to motivate their purchases of your product 3.Generate a fundable business model 4.Grow a sustainable and profitable company 5.Achieve an Optimal Exit Strategy. See http://www.socaltech.com/calendar/eventid/25320 July 28, Los Angeles -- Growth Capital Conference. Network with capital sources, advisors, deal makers and 100 entrepreneurs seeking capital & counsel. DEAL DISPLAYtm showcases growing firms needing capital. View products,videos, online demos. See http://www.socaltech.com/calendar/eventid/25264 July 30, Santa Monica -- Domain Startup Summit. Domain Startup Summit was established to unite the startup, domain branding and investment industries. This unified event platform will provide up-to-date industry information and partnerships that allow entrepreneurs to brand, develop and launch successful businesses. Domain Startup Summit 2016 is this summer’s #1 meeting place in Santa Monica, California to connect with investors, thought leaders, startups and the domain industry. Join us at the beautiful Cross Campus on July 30th and together we’ll inspire each other to take our business ideas and partnerships to the next level. See http://www.socaltech.com/calendar/eventid/25232 ----------------------------------------------------------------------- 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. 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 Technical Connections, Inc. (http://www.technicalconnections.com) Successfully connecting Tech Talent with Premier Clients in SoCal for over 30 years. La Visual (http://Lavisual.com) A Branding, Product Strategy & Rapid Prototyping Accelerator 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://listserv.socaltech.com/mailman/listinfo/socaltech or email us at [email protected] ------------------------------------------------------------------------ Legal Notices ---- While SOCALTECH LLC has used its best efforts in collecting and preparing the information published herein, SOCALTECH LLC does not assume, and hereby disclaims, any liability for any loss or damage caused by errors or omissions, whether such errors or omissions resulted from negligence, accident or other causes. All contents Copyright (c) 2014 SOCALTECH LLC. All rights reserved. socalTECH.com - Dedicated to High Tech in Southern California http://www.socaltech.com/ SOCALTECH LLC 4607 Lakeview Canyon Road, Suite 290, Westlake Village, CA 91361 _______________________________________________ Socaltech mailing list [email protected] http://listserv.socaltech.com/mailman/listinfo/socaltech
