socaltech.com TechNews - Thursday, August 11, 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 ------------------------------------------------------------------------ --Interview with Adam Arrigo, The Wave VR --SoCal Sees Summertime Surge In Exits --Flipagram Links With SoundHound --Snapchat Takes Down Another Offensive Selfie Filter --Yardi Wins Customer In Oregon --Loot Crate Names CTO --Nervana Systems Acquired By Intel For $350M MARKETPLACE --Project X – New Design Focused Accelerator in Los Angeles --SoCal IP Law Group LLP - Serving the IP Needs of Technology Innovators --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. --Senior Product Development Manager, Irvine, Belkin --Director of Communication Systems Engineering, Hawthorne, SpaceX --Marketing Manager, Los Angeles, Belkin --Software Engineer, Los Angeles, Factual RECENT FUNDING EVENTS ------------------------------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. --------------------------------------------------------------------------- Interview with Adam Arrigo, The Wave VR ---- Earlier this week, The Wave VR announced a round of funding, to develop a virtual reality environment specifically for live music. We spoke with Adam Arrigo, CEO of the startup, to learn more about what the whole idea behind The Wave's VR software is, and how the company it looking to apply VR to the music industry. The Wave VR is backed by PCB Edge, Presence Capital, Rothenberg Ventures, RRE Ventures, (More...) http://www.socaltech.com/interview_with_adam_arrigo_the_wave_vr/s-0066657.html --------------------------------------------------------------------------- SoCal Sees Summertime Surge In Exits ---- In what looks to be an unprecedented surge in high profile, high value exits for high tech companies in Southern California, there have now been six big exits in the region over the last month worth over $100M. Those exits--worth more than a collected $3.8 billion--include the recent sales of Vizio, Dollar Shave Club, Nervana Systems, TouchCommerce, and Orbitera, and Aurrion. Irvine-based Vizio was (More...) http://www.socaltech.com/socal_sees_summertime_surge_in_exits/s-0066645.html --------------------------------------------------------------------------- Flipagram Links With SoundHound ---- Los Angeles-based Flipagram, which develops mobile video apps which let users create slideshows that sync up with your favorite songs, said it has linked up with SoundHound. (More...) http://www.socaltech.com/flipagram_links_with_soundhound/s-0066656.html Snapchat Takes Down Another Offensive Selfie Filter ---- Venice-based Snapchat has taken down a new so-called "yellowface" selfie-filter from its service, which had allowed users to superimpose squinted eyes and buck teeth on their images. The filter was removed after widespread complaint from Asian users over the filter, which some users on Twitter called the "most overtly racist filter ever". The filter is the second, racial mis-step by Snapchat in the selfie filter area: the company also faced widespread complaints when it released a "Bob Marley" filter in April which users compared to blackface. Snapchat had said the filter was inspired by anime, and was meant to be "playful". http://www.socaltech.com/snapchat_takes_down_another_offensive_selfie_filter/s-0066654.html Yardi Wins Customer In Oregon ---- Santa Barbara-based Yardi has scored a customer win in Oregon, with commercial property management company Melvin Mark Companies. Financial impact of the win was not disclosed. Melvin Mark Companies is using Yardi's Commercial LeasingPad software, which is used for customer relationship management and deal tracking. Yardi's software is being used to replace a manual, paper-driven process for its new customer. Melvin Mark Companies manages more than three million square feet of commercial space in the Portland metro area. Loot Crate Names CTO ---- Los Angeles-based subscription box service Loot Crate said today that it has hired its first CTO, John Williams. Williams was most recently at TrueCar, where LootCrate said he created the unified data platform and technology strategy behind the company. Williams also has served at Preventsys, where he was Chief Technology Officer and co-founder. Loot Crate offers up a subscription box service which delivers boxes full of items of interest to what the company calls "geeks and gamers"; the company recently raised a round of funding from Upfront Ventures, Breakwater Investment Management, Time Inc., Downey Ventures, M13, and SterlingVC. Nervana Systems Acquired By Intel For $350M ---- San Diego-based Nervana Systems, a developer of artificial intelligence and "deep learning" technology, has been acquired by Intel, in a deal that is reportedly worth $350M. Nervana, which is led by Naveen Rao, was backed by DFJ, Data Collective,Playground Global, CME Ventures, Lux Capital, Allen & Co, AME Cloud Ventures, Fuel Capital, Omidyar Technology Ventures, SV Angel, and others. Nervana will continue to operate out of its headquarters in San Diego. Nervana was working on artificial intelligence software and hardware. --------------------------------------------------------------------------- MARKETPLACE Reach 10000+ readers for 5 days for $250 Post your marketplace ad at: http://www.socaltech.com/postad.html ------------------------------ADVERTISEMENT------------------------------- Project X – New Design Focused Accelerator in Los Angeles Launch your next MVP. Be Victorious. Conquer the perils of poorly branded products, semi-good stories, and underwhelming UX/UI front-end design and dev. Project X is a business unit of the Los Angeles based digital agency La Visual. UX/UI strategy, rapid-prototyping and design, world-class branding, product strategy & design, testing, rollout strategies, mentorship, and access to exclusive funding. Don't be shy. Hit us up and we will talk about your next startup. Drop us a line // See how we can help you: [email protected] Check it out here // http://lavisual.com/projectx ------------------------------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------------------------------- Pixelgate.net - Internet Access, Web Hosting, Network Services We put the "Service" back into Internet Service Provider. http://www.pixelgate.net ------------------------------ADVERTISEMENT------------------------------- Project X – New Design Focused Accelerator in Los Angeles Launch your next MVP. Be Victorious. Conquer the perils of poorly branded products, semi-good stories, and underwhelming UX/UI front-end design and dev. Project X is a business unit of the Los Angeles based digital agency La Visual. UX/UI strategy, rapid-prototyping and design, world-class branding, product strategy & design, testing, rollout strategies, mentorship, and access to exclusive funding. Don't be shy. Hit us up and we will talk about your next startup. Drop us a line // See how we can help you: [email protected] Check it out here // http://lavisual.com/projectx ------------------------------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------------------------------- ------------------------------------------------------------------------ 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 08/09/16 NextVR $80.0M http://www.socaltech.com/intelligence/?action=showdeal&id=76421 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 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. 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. 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