socaltech.com TechNews - Tuesday, August 9, 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. Stubbs Alderton Markiles, LLP (http://www.stubbsalderton.com). Business. Technology. Law. Vision. PricewaterhouseCoopers (http://www.socaltech.com/pwc). 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 La Visual (http://Lavisual.com) A Branding, Product Strategy & Rapid Prototyping Accelerator ------------------------------------------------------------------------ --Orbitera Acquired By Google For More Than $100M --Honor Finds $42M For Senior Home Care Efforts --Aligned TeleHealth Gets $12M --Woven Digital Inks Deal With Coors Light On New Series --myDevices Links With Arduino --Semtech Sale Of IP To Rambus Completes --Tongal Names Strategy Head --EDF Renewable Energy Sends In Big Wind Turbine Order --Hulu Ends Free Streaming Service MARKETPLACE --Safire Partners Executive Search --TriNet - HR Services --Introducing KeyCloud --SoCal IP Law Group LLP - Serving the IP Needs of Technology Innovators --Find Help To Power Your Firm To The Next Level --Pixelgate.net - Internet Access, Web Hosting, Network Services RECENT JOB POSTINGS --Senior Development Engineer with C#, Mission Viejo, EASE, Inc. --Sales Development Representative, Mission Viejo, EASE, Inc. RECENT FUNDING EVENTS --------------------------------------------------------------------------- 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 --------------------------------------------------------------------------- Orbitera Acquired By Google For More Than $100M ---- West Hollywood-based Orbitera, which develops cloud-based software for managing leads, trial subscriptions, and billing, has been acquired by Google, Google said on Monday. Financial terms of the acquisition were not disclosed. Google said it will continue to make Orbitera available to other software vendors, in addition to using the company's technology to improve the support of software vendors on Google Cloud Platform. Orbitera was backed by only $2M in a seed funding it received a year ago from Resolute Ventures. The company was founded by Marcin Kurc. The deal is reportedly north of $100M. http://www.socaltech.com/orbitera_acquired_by_google_for_more_than____m/s-0066604.html Honor Finds $42M For Senior Home Care Efforts ---- Honor, the in-home, senior care startup which launched its services in LA in April, has raised $42M more in a funding round, the company said this morning. The Bay Area startup--which only offers services so far in San Francisco and in LA--said the funding Thrive Capital, and also included 8VC, Andreessen Horowitz, and Syno Capital. Honor's efforts in LA are led by Steve Seigel. http://www.socaltech.com/intelligence/index.php?action=showdeal&id=76406 Aligned TeleHealth Gets $12M ---- Calabasas-based Aligned TeleHealth, a provider of telemedicine services, said this morning that it has raised $12M in a Series A funding round. The funding came from SV Life Sciences (SVLS). The company said the funding will go towards acquisition, business development, recruitment, and towards its technology infrastructure. Michael Baluth and Gene Hill, both of SVLS, have joined Aligned TeleHealth's board of directors. Aligned TeleHealth offers up its telemedecine services--including psychiatric specialty physician consultations--to acute-care hospitals, emergency rooms, skilled nursing facilities, and correctional institutions. The startup is led by Nitin Nanda, M.D. http://www.socaltech.com/intelligence/index.php?action=showdeal&id=76174 Woven Digital Inks Deal With Coors Light On New Series ---- Los Angeles-based digital media company Woven Digital says it has inked a partnership with Coors Light, to launch a new series on its UPROXX site, called "HUMAN LIMITS". Woven Digital said the new series will "exploration of our limitations as human beings and the stories of those individuals who have defied them." Financial details of the partnership were not announced. The company said the new series is aimed at millennials. The new series is a follow up to an earlier series, called HUMAN, which was sponsored by Coors Banquet. Woven Digital is venture backed by WPP Ventures, Institutional Venture Partners and Advancit Capital, along with others. myDevices Links With Arduino ---- Los Angeles-based myDevices, which develops a software platform aimed at developers of connected devices, said it has integrated its software with the popular Arduino open source software and hardware project. (More...) http://www.socaltech.com/mydevices_links_with_arduino/s-0066610.html Semtech Sale Of IP To Rambus Completes ---- Camarillo-based Semtech has completed a deal to sell of a bundle of IP assets to Rambus, in a sale that was worth $32M, Rambus said Monday afternoon. The deal, announced in June, included's Semtech's Snowbush IP business, which primarily included SerDes (serial/deserialization) cores used in ASICs, Systems-on-a-chip (SoC), and other platforms. Rambus said that the assets become part of its Memory and Interfaces Division. Tongal Names Strategy Head ---- Santa Monica-based Tongal, which operates an online, content crowdsourcing site focused on video, has named a Vaughan Emsley as its new Head of Strategy and Client Development. Emsley was most recently at Saatchi & Saatchi, where he was oversaw the ad agency's Procter & Gamble account, and worked on ads for such brands as Tide, Olay, Pampers, Head & Shoulders and Ariel. Tongal helps brands create videos, tapping a network of writers, animators, filmmakers, and others to help create digital marketing campaigns, TV commercials, social advertising, and other content. The company has driven campaigns for LEGO, Johnson & Johnson, NASA, Mattel, P&G, General Motors and many others. Tongal is venture backed by Insight Venture Partners and led by Rob Salvatore. EDF Renewable Energy Sends In Big Wind Turbine Order ---- San Diego-based EDF Renewable Energy, the big renewable energy developer, says it has placed a big wind turbine order with Vestas, for 160 megawatts of turbines for future wind projects in the United States. Financial details of that order were not announced. EDF Renewable Energy said that since 2013, it has installed more than 2 GW of wind turbines from Vestas throughout the U.S. The company says it now has more than 8 gigawatts of wind, solar, storage, biomass and biogas projects developed throughout the U.S., Canada, and Mexico. Hulu Ends Free Streaming Service ---- Not--it's not a mistake, that "Start Your Free Trial" button on the home page of Los Angeles-based television streaming service Hulu marks the end of Hulu's free streaming, as the company moves 100 percent into the world of subscription video. Hulu--instead of offering up free, but commercial-laden TVs and movies--now requires users to either subscribe to a "limited commercial" service for $7.99 a month, or a "no commercial" service for $11.99 a month. Hulu had already been moving towards subscriptions--having severely limited the free titles available on the service--but had been offering up at least a taste of its broader menu of content to new users. http://www.socaltech.com/hulu_ends_free_streaming_service/s-0066606.html --------------------------------------------------------------------------- MARKETPLACE Reach 10000+ readers for 5 days for $250 Post your marketplace ad at: http://www.socaltech.com/postad.html ------------------------------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------------------------------- TriNet - HR Services TriNet is a leading provider of HR services that takes the stress out of daily HR distractions. Our HR bundled product includes payroll, human capital consulting, compliance laws, benefits, workers compensation and more. Our services are delivered by our expert team of HR professionals enabled by our cloud-based technology platform. We focus on our clients and their employees to streamline their HR transactions anytime and anywhere. Focus on your clients, while TriNet focuses on your HR. For more information, please visit http://www.trinet.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------------------------------- 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------------------------------- 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 Senior Development Engineer with C#, Mission Viejo, EASE, Inc. http://www.socaltech.com/showjob.php?id=5682 Sales Development Representative, Mission Viejo, EASE, Inc. http://www.socaltech.com/showjob.php?id=5681 Senior Product Development Manager, Irvine, Belkin http://www.socaltech.com/showjob.php?id=5680 Director of Communication Systems Engineering, Hawthorne, SpaceX http://www.socaltech.com/showjob.php?id=5679 Marketing Manager, Los Angeles, Belkin http://www.socaltech.com/showjob.php?id=5678 Software Engineer, Los Angeles, Factual http://www.socaltech.com/showjob.php?id=5677 ------------------------------------------------------------------------ RECENT FUNDING SUMMARY 08/05/16 TheWaveVR $2.5M http://www.socaltech.com/intelligence/?action=showdeal&id=76360 08/03/16 Sensay $4.5M http://www.socaltech.com/intelligence/?action=showdeal&id=76250 08/02/16 EVOFEM $25.0M http://www.socaltech.com/intelligence/?action=showdeal&id=76243 08/02/16 StatRad $13.0M http://www.socaltech.com/intelligence/?action=showdeal&id=76228 08/01/16 Aligned Telehealth, Inc. $11.9M http://www.socaltech.com/intelligence/?action=showdeal&id=76174 08/01/16 PacketSled $5.0M http://www.socaltech.com/intelligence/?action=showdeal&id=76156 08/01/16 Bioniz $13.0M http://www.socaltech.com/intelligence/?action=showdeal&id=76155 07/29/16 Takt $30.0M http://www.socaltech.com/intelligence/?action=showdeal&id=76152 07/28/16 cloudvirga $7.5M http://www.socaltech.com/intelligence/?action=showdeal&id=76113 07/26/16 Scopely $55.0M http://www.socaltech.com/intelligence/?action=showdeal&id=76023 07/26/16 Kite & Lightning $2.5M http://www.socaltech.com/intelligence/?action=showdeal&id=76022 07/22/16 WASH.IO, INC. $8.6M http://www.socaltech.com/intelligence/?action=showdeal&id=75954 07/21/16 WeDo $1.0M http://www.socaltech.com/intelligence/?action=showdeal&id=75904 07/20/16 Synthorx $10.0M http://www.socaltech.com/intelligence/?action=showdeal&id=75858 07/18/16 ZestFinance $0.0M http://www.socaltech.com/intelligence/?action=showdeal&id=75657 07/13/16 Sienna Biopharma $12.0M http://www.socaltech.com/intelligence/?action=showdeal&id=75648 --------------------------------------------------------------------------- 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 August 9, Los Angeles -- Intro to React - Javascript LA Meetup. General Assembly. As many of you have heard, React.JS is one of the hottest JavaScript frameworks right now in our industry. JavaScriptLA will be giving a presentation on how one can get started with React, as well as some of the features and benefits of using the framework (especially for those of you thinking why React vs Angular or 'just using JQuery').. See http://www.socaltech.com/calendar/eventid/25396 August 9, Westwood -- ExecTec. Scarcity of Choice is Good for You! As odd as it seems the more choices you or a user faces, the worse the outcome. I blame 31 flavors which took a simpler time when ice cream was a simple treat on a hot summer day and made it into a customize experience. See http://www.socaltech.com/calendar/eventid/25403 August 10, Thousand Oaks -- Clean Technology Council Summer Mixer. Bring your friends and join CTC members for loads of fun, games, great food and drinks (5-6pm earlybird specials!) Meet Tech Executives, Entrepreneurs, Inventors, Angel/VC Investors, Joint Venture Partners, Deal Makers, Start Up Mentors, CTC and 101 Incubator founders. Hear new Fast Pitch and Kickstarter proposals. See http://www.socaltech.com/calendar/eventid/25384 August 10, Culver City -- TechCrunch LA Mini-Meetup. See http://www.socaltech.com/calendar/eventid/25410 August 10, Santa Monica -- Career Negotiation Strategies. General Assembly. It pays to be persuasive — especially when it comes to your career. Negotiation can lead to higher salaries, greater startup equity, and better titles, yet most of us accept the first offer we get because we don’t have the skills or strategies to try. Before your next career move, join General Assembly and The Muse to learn key negotiation strategies you can take to the table with confidence.. See http://www.socaltech.com/calendar/eventid/25379 August 10, Irvine -- Will Crowdfunding Be In Your Company’s Future? OC Tech Alliance. With the SEC approving recent rules for Crowdfunding, more startup companies are now being able to take advantage of this capital formation pathway. However the benefits of this relatively new funding source may be outweighed by the challenges of regulatory and other obstacles that exist. In addition, while the advent of Crowdfunding may well find a welcome home in business plans throughout the U.S, this new capital formation pathway needs to be balanced with safeguards to prevent fraud and protect the investing public. Thankfully, newer (and crowd-based) tools to monitor online reputations are emerging. Either way, the potential to unleash untold numbers of new ventures is certainly exciting for would-be entrepreneurs. In this presentation, we will be discussing the how to’s of Crowdfunding and a look into the future when Crowdfunding can be utilized to offer equity. See http://www.socaltech.com/calendar/eventid/25400 August 11, Los Angeles -- Two Bit Circus Happy Hour. Join the Two Bit Circus Carnies for a night of game playing, networking and community at our Midway space at the Brewery Lofts. We're pulling back the curtain and letting our friends get hands on and play Two Bit Circus games and network with our Los Angeles community.. See http://www.socaltech.com/calendar/eventid/25402 August 12, Santa Monica -- AirMap Developer Conference and Launch Party. The sky’s the limit when it comes to the potential for unmanned aircraft. Join us in Santa Monica for a sneak peek of AirMap’s brand new platform, APIs, and SDK for drones, apps for iOS and Android, and Web. Space is limited. RSVP to attend. See http://www.socaltech.com/calendar/eventid/25389 August 13, Los Angeles -- SOLA/HACK! Generaly Assembl. In this mini-hackathon event, participants will use design thinking, UX design methods and web development skills in an entrepreneurial spirit to address social, economic, and environmental challenges specific to South L.A. Participants will learn about these challenges with two kick-off talks, and then form teams to brainstorm and rapidly prototype solutions. See http://www.socaltech.com/calendar/eventid/25412 August 13, Los Angeles -- Interactive Architecture: Adaptive World Release Party & Book Signing. Architect Michael Fox & guests talk smart highways & adaptive buildings. Fox will sign his new book Interactive Architecture. Open to the public. See http://www.socaltech.com/calendar/eventid/25395 August 15, Santa Monica -- Make it on Mobile: Using Adobe Mobile Apps to Create Your Initial Design. General Assembly. See http://www.socaltech.com/calendar/eventid/25409 August 16, Los Angeles -- LAVA Venture Panel & LAVA Annual Meeting. Join us at MAGICOPOLIS for a fun evening of Capital Networking with VC and Angel Investors, LAVA Members and LAVA Board Members. LAVA kicks off the the summer by hosting it Annual Membership Meeting , conducts Director elections and will feature its Annual Venture Capital Panel. See http://www.socaltech.com/calendar/eventid/25404 August 18, Santa Monica -- The Art of Fundraising Episode II: Setting the Deal. Panel discussing the ins and outs of fundraising including: -The Pitch -Relationship Building -Negotiation (Term Sheet, convertible notes, etc.) -Due Diligence. See http://www.socaltech.com/calendar/eventid/25407 August 18, Irvine -- Tech Panel: DevOps Discussion. Free tech panel discussion with 3-4 industry-leading professionals and a moderator covering some of the most pressing topics surrounding DevOps. We will be covering what the best tools are for DevOps engineers, which cloud providers are industry leaders and what skill sets are most desirable and applicable for DevOps engineers. Please join us. See http://www.socaltech.com/calendar/eventid/25390 August 19, Los Angeles -- LAVA Healthcare - Jessica Rousset, Center for Innovation at Children's Hospital of Los Angeles. This month's LAVA Healthcare features pediatric innovation opportunities by Jessica Rousset, director of the Center for Innovation at Children's Hospital Los Angeles and co-director of the Consortium for Technology and Innovation in Pediatrics (CTIP), a technology accelerator dedicated to developing pediatric-health solutions. See http://www.socaltech.com/calendar/eventid/25405 August 20, Santa Barbara -- TEDxSantaBarbara. Must apply to attend. See http://www.socaltech.com/calendar/eventid/25362 August 22, Santa Monica -- Los Angeles Advertising Professionals. Mix, mingle, and network with other advertising professionals. Find partners, meet new people, and do deals. See http://www.socaltech.com/calendar/eventid/25397 August 23, Santa Monica -- LA FinTech Mix Mingle Network. Come mix and mingle with other Financial Technologist's Tues Aug 23. Learn about the newest and fastest changes going on in financial technology. Finance is undergoing a massive change some call the "financial paradigm". Laws from 1930-1940 (old right?) are getting broken down with technological innovation in finance. Find partners, talk about your project, bounce ideas, discover LA Fintech. See http://www.socaltech.com/calendar/eventid/25398 August 24, Riverside -- The Roadmap to Commercialization: From Market Entry Through Exit Strategy. 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/25321 August 24, San Diego -- 5G: WHAT IS IT AND WHY DO WE NEED IT? Commnexus. Automobile business mogul Henry Ford is noted as saying, “If I had asked people what they wanted, they would have said faster horses.” The purest sense of original innovation is creating value before customers even see it, or understand it. Consumers understand 5G is better than 4G, but what does that mean? Lifestyle today is dependent upon reliable high-speed networks; there are currently 6.4 billion connected devices in the world. The future will bring about a society where life itself will be dependent on reliable high-speed networks. 5G is the future. Connected cars operating with 5G’s ultra-low latency are expected to utilize V2V (vehicle to vehicle) communication, reducing car accidents and saving lives. Projected download speed of 5G is 5 Gbps to 10 Gbps. However, 5G is much more than an increase in network speed; it’s a significant increase in network capacity which will catapult the IoT/IoE revolution, transforming the way we live.. See http://www.socaltech.com/calendar/eventid/25411 August 24, Santa Monica -- Fireside Chat w/Dollar Shave Club CEO Michael Dubin. Join us for our next Startups Uncensored, a fireside chat with Michael Dubin, Founder/CEO of Dollar Shave Club. We'll be celebrating their $1B recent exit, and talking with Michael about his whole journey.. See http://www.socaltech.com/calendar/eventid/25393 August 24, San Diego -- EvoNexus MarketLink: Huawei. In 2015, Huawei ranked 228th on the Global Fortune 500 based on its revenue which grew by 35% reaching $60.8 billion USD. Huawei Executives are coming to Irvine on August 24-25th as part of the EvoNexus MarketLink Program. Selected companies will have the opportunity to discuss potential business opportunities with Huawei. Deadline to apply July 22. See http://www.socaltech.com/calendar/eventid/25358 August 25, Calabasas -- 13th Annual ERA Summer Social . The Electronic Representatives Association of So. Cal. are pleased to announce the 13th Annual Summer Social will be held on Thurs, Aug. 25th from 5 - 8 pm. See http://www.socaltech.com/calendar/eventid/25394 August 25, San Diego -- EvoNexus MarketLink: Huawei. In 2015, Huawei ranked 228th on the Global Fortune 500 based on its revenue which grew by 35% reaching $60.8 billion USD. Huawei Executives are coming to Irvine on August 24-25th as part of the EvoNexus MarketLink Program. Selected companies will have the opportunity to discuss potential business opportunities with Huawei. Deadline to apply July 22. See http://www.socaltech.com/calendar/eventid/25359 August 31, Los Angeles -- The 7th Annual Women in Green Forum. The Women in Green Forum (WIGF) has emerged as the premier conference series highlighting women’s impact on the environmental industry. The 7th Annual Women in Green Forum (WIGF) will convene leaders in the environmental movement, drawing an international audience of sustainability experts including academic researchers, CSR executives, energy analysts, and technology developers. The WIGF also appeals to regulatory agencies involved in developing policies and legislation surrounding green technologies for the private and public sectors. This is an opportunity for sustainability professionals from all sectors to share ideas and create lasting partnerships. More than your average conference, the 2016 WIGF will incorporate keynotes, panels, and interactive workshops around the theme “Business as (Un)Usual: Where Purpose Meets Profit”. In addition to featuring sessions about sustainability in business, throughout the day attendees will have the opportunity to hear from presenters and exhibitors in ‘Work,’ ‘Life,’ and ‘Balance’ themed breakout rooms that call attention to networking and professional skills, personal environmental consciousness, and mind and body wellness. . See http://www.socaltech.com/calendar/eventid/25192 ----------------------------------------------------------------------- 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. 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