socaltech.com TechNews - Thursday, August 25, 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 Shimokaji IP (http://www.shimokaji.com) Bettering Life Through Creative Ideas ------------------------------------------------------------------------ --Viking Therapeutics Raises $12.5M In PIPE --Twistory Entertainment Being Sold In Asset Sale --Qualcomm To Power Sustainability Efforts At Petco Park --Accruent Founder Friedman Steps Away From CEO Role, Shifts To Chairman --SpaceX Leasing New Space To Refurbish Rockets --Interlink Electronics Names New CFO --Digital Domain In VR Production Deal With World Surf League --REC Solar Taps Energy Industry Vet As CEO MARKETPLACE --Introducing KeyCloud --Binary Pulse Technology Marketing --Stradling --Early Stage Commercial Insurance - Pacific Unified Insurance Agency RECENT JOB POSTINGS --Senior Product Development Manager, Irvine, Belkin --Director of Communication Systems Engineering, Hawthorne, SpaceX RECENT FUNDING EVENTS ------------------------------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 --------------------------------------------------------------------------- Viking Therapeutics Raises $12.5M In PIPE ---- San Diego-based biopharmaceutiacls developer Viking Therapeutics says it has raised $12.5M in a common stock purchase agreement, from Aspire Capital Fund. The company, which is publicly traded on the NASDAQ as VKTX, said the initial purchase came at $1.50 per share, with the remaining $12M to be purchase over the next 30 months at prices based on the market price. Viking Therapeutics is developing treatments for metabolic and endocrine disorders. Twistory Entertainment Being Sold In Asset Sale ---- Santa Monica-based Twistory Entertainment Studios, which had been a mobile game development and graphic novel design company, is being sold in an asset sale, according to auction company CMA Auctions. CMA said that Twistory's assets--including all of its intellectual property and equipment--is being sold through an assignee for the benefit of creditors (or "ABC") sale on Monday, August 29th. Twistory Entertainment was founded in 2009, and had developed Ouch! Couch and other titles. The public auction notice shows a large number of computers, card table, and Makerbot 3D printer are the few bits of the company's carcass being sold to raise money for those creditors--along with the rights to each one of the company's mobile games. http://www.socaltech.com/twistory_entertainment_being_sold_in_asset_sale/s-0066858.html Qualcomm To Power Sustainability Efforts At Petco Park ---- San Diego-based Qualcomm is powering a new sustainability management effort at San Diego's Petco Park, the company said yesterday. According to Qualcomm, its subsidiary, Qualcomm Intelligent Solutions, along with OSIsoft LLC, are working with the San Diego Padres to reduce utility and water consumption at the ballpark, using Qualcomm's technology. According to Qualcomm, the San Diego Padres have deployed "edge intelligence gateways" that use its Qualcomm Snapdragon processors, combined with software from OSIsoft, which monitors the utilities at the park in real time. Qualcomm did not detail the financial impact of the win. Qualcomm's hardware is being used to monitor potable, non-potable and chilled water, as well as natural gas and electricity consumption. Accruent Founder Friedman Steps Away From CEO Role, Shifts To Chairman ---- Real estate management software developer Accruent, which was founded 20 years ago in Los Angeles by Mark Friedman, said today a that Friedman--its CEO for nearly 20 years--is shifting to become Chairman of the board. John Borgerding becomes CEO of the company. Friedman is stepping away from the CEO role four months after the company was acquired by Genstar Capital. Accruent still has offices in Los Angeles, but recently has been headquartered in Austin, Texas. Accruent was founded in 1995. http://www.socaltech.com/accruent_founder_friedman_steps_away_from_ceo_role_shifts_to_chairman/s-0066855.html SpaceX Leasing New Space To Refurbish Rockets ---- Hawthorne-based SpaceX is gearing up to refurbish its growing collection of rocket boosters, and plans to lease a building in Port Canaveral, Florida, for those efforts, according to a report. (More...) http://www.socaltech.com/spacex_leasing_new_space_to_refurbish_rockets/s-0066854.html Interlink Electronics Names New CFO ---- Westlake Village-based Interlink Electronics said on Wednesday that it has named a new CFO, appointing David S. Burnett to the position. Burnett was previously Vice President and Treasurer at EnPro Industries, and also has served at PricewaterhouseCoopers LLP and Grant Thornton LLP. Interlink Electronics is a developer of force sensing and other hardware. Digital Domain In VR Production Deal With World Surf League ---- Los Angeles-based studio Digital Domain says it is teaming up with the World Surf League (WSL), to bring immersive, 360 degree, virtual reality content to consumers, the company announced Wednesday morning. According to Digital Domain, it will offer up VR ocnetnt from Billabong Pro Tahiti, with a "virtual beachfront view" of the surf event. Those virtual reality videos will be available on the World Surf League Facebook page. Financial details of the deal were not disclosed. The event is the second Digital Domain has produced with the World Surf League. REC Solar Taps Energy Industry Vet As CEO ---- San Luis Obispo-based REC Solar, the commercial solar and energy developer, said it has named Matt Walz as its CEO. Walz is a prior executive at Duke Energy, where he was for 12 years. Walz had already been on REC Solar's board of directors, as a result of Duke's investment in REC Solar. Duke Energy acquired a majority interest in REC Solar in 2015, and says it committed to invest up to $225M in projects financed through REC Solar. The company exclusively focuses on installing solar power systems for businesses, although it got its start many years ago in the residential sector. REC Solar sold the consumer side of its business to Sunrun back in 2012. --------------------------------------------------------------------------- MARKETPLACE Reach 10000+ readers for 5 days for $250 Post your marketplace ad at: http://www.socaltech.com/postad.html ------------------------------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------------------------------- Binary Pulse Technology Marketing We produce and manage content-centric campaigns that enable our clients to connect with their prospects. For nearly twenty years, California's industry-leading tech firms have turned to Binary Pulse for their demand-generating strategies and programs. Our services include: -- Demand Generation Planning and Execution -- Content Strategies & Editorial Calendar Management -- Marketing Automation Systems and Administration -- Channel Program Development -- Web Site Design & Development -- Corporate and Product Branding -- Video Production and Marketing -- Whitepaper Authoring and Syndication -- Social Media Marketing Please visit us at http://www.binarypulse.com to learn more or give us a call at 949-336-7400. ------------------------------ADVERTISEMENT------------------------------- Stradling Stradling, Attorneys At Law (http://www.sycr.com) Stradling Yocca Carlson & Rauth (“Stradling”) is a premier business law firm with over 125 attorneys and 10 offices in the western US. The offices are: Newport Beach, Santa Barbara, Santa Monica, San Diego, San Francisco - SOMA, San Francisco - Financial District, Sacramento, Reno, Denver, Seattle. The Firm’s corporate, litigation and public law practices are well known for their expertise and depth. Stradling's clients include emerging and high growth public and private companies as well as private equity funds, venture capital groups and their respective portfolio companies. Widely recognized for its expertise, responsiveness and outstanding client service, the Firm's size, structure, and culture allow it to provide the highest quality representation while maintaining the responsiveness and relationships commonly associated with smaller firms. ------------------------------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 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 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 ------------------------------------------------------------------------ RECENT FUNDING SUMMARY 08/23/16 Singlera Genomics $20.0M http://www.socaltech.com/intelligence/?action=showdeal&id=76850 08/22/16 Mabvax Therapeutics $9.4M http://www.socaltech.com/intelligence/?action=showdeal&id=76798 08/18/16 Avelas Biosciences $20.0M http://www.socaltech.com/intelligence/?action=showdeal&id=76744 08/15/16 Firefly Games $10.0M http://www.socaltech.com/intelligence/?action=showdeal&id=76584 08/12/16 Axiom Materials $0.0M http://www.socaltech.com/intelligence/?action=showdeal&id=76580 08/12/16 Arrowhead Pharmaceuticals $45.0M http://www.socaltech.com/intelligence/?action=showdeal&id=76579 08/11/16 PureSpectrum $1.6M http://www.socaltech.com/intelligence/?action=showdeal&id=76578 08/11/16 AceBot.ai $0.7M http://www.socaltech.com/intelligence/?action=showdeal&id=76486 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 --------------------------------------------------------------------------- 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 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 25, Los Angeles -- Silicon Beach Fest. Silicon Beach Fest celebrates LA’s unique startup entertainment tech community with panels, pitches, and parties. See http://www.socaltech.com/calendar/eventid/25422 August 26, Los Angeles -- Silicon Beach Fest. Silicon Beach Fest celebrates LA’s unique startup entertainment tech community with panels, pitches, and parties. See http://www.socaltech.com/calendar/eventid/25423 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 September 8, Santa Monica -- LA CEOs - Protecting America from Cyber Attack - Walter "Scorpion" O'Brien. The real-life inspiration for the CBS hit show,"Scorpion", Walter O'Brien, will explain how his company applies high IQ, computer science, and artificial intelligence to mitigate risk, avoid cyber threats and solve global problems. This free event is restricted to qualified CEOs & CFOs only. Confirmed RSVP required. No service providers. See http://www.socaltech.com/calendar/eventid/25417 September 16, Los Angeles -- Authentic Marketing Conference. Medialeaders. This event will feature 30+ speakers delivering key takeaways in digital marketing. All of the panels will show real tips, tactics and helpful stories that the attendees can use in their field. See http://www.socaltech.com/calendar/eventid/25418 September 16, Los Angeles -- Authentic Marketing Conference – Los Angeles. MediaLeaders. What: One day event with: 8+ panel discussions, 4+ deep-dive breakout sessions, networking with influencers, bloggers and brands who want to develop impactful campaigns. See http://www.socaltech.com/calendar/eventid/25382 September 22, Los Angeles -- TechDay West Coast. TechDay launched with the goal of fostering and highlighting emerging technology. Since it's inception, TechDay has introduced thousands of companies to the public, press, & investing communities. We are proud to bring the largest startup event series in the U.S. back to the West Coast via Los Angeles. Join TechDay for a look in to the future with over 300 of the most innovative tech companies in the world. See http://www.socaltech.com/calendar/eventid/25193 September 22, Los Angeles -- TechDay West Coast. TechDay West Coast has officially opened it’s doors for the 2016 event and it’s destined to be bigger & better than ever! On September 22nd, TechDay will host 300+ of the hottest startups and tech companies for a day to celebrate innovation in technology. TechDay will gather 10,000 attendees including investors, press, influencers, top talent, users, entrepreneurs & many more. See http://www.socaltech.com/calendar/eventid/25216 September 22, Los Angeles -- Digital and Beyond in LA - Forging a Connected South LA. Digital and Beyond in LA. Forging a Connected South LA A fun, entertaining and informative look at what’s happening in LA and the role young adults can play in shaping the future of technology and digital media. We’ll cover Entrepreneurship, Venture Capital, Start Up Life, and Digital Media. Join us for an evening of fun, learning, networking and momentum building. Whether you’re a start up, student, parent, non-profit, executive or young professional, this gathering will help you gain insight in the greater Los Angeles area and the role you can play in shaping the future. . See http://www.socaltech.com/calendar/eventid/25388 September 22, Los Angeles -- Digital and Beyond in LA - Forging a Connected South LA. Digital and Beyond in LA. Forging a Connected South LA A fun, entertaining and informative look at what’s happening in LA and the role young adults can play in shaping the future of technology and digital media. We’ll cover Entrepreneurship, Venture Capital, Start Up Life, and Digital Media. Join us for an evening of fun, learning, networking and momentum building. Whether you’re a start up, student, parent, non-profit, executive or young professional, this gathering will help you gain insight in the greater Los Angeles area and the role you can play in shaping the future. . See http://www.socaltech.com/calendar/eventid/25391 September 22, Los Angeles -- Digital and Beyond in LA. Forging a Connected South LA. Digital and Beyond in LA. Forging a Connected South LA A fun, entertaining and informative look at what’s happening in LA and the role young adults can play in shaping the future of technology and digital media. We’ll cover Entrepreneurship, Venture Capital, Start Up Life, and Digital Media. Join us for an evening of fun, learning, networking and momentum building. Whether you’re a start up, student, parent, non-profit, executive or young professional, this gathering will help you gain insight in the greater Los Angeles area and the role you can play in shaping the future. . See http://www.socaltech.com/calendar/eventid/25399 September 22, Los Angeles -- TechDay West Coast. TechDay is an expo for tech startups that helps them gain exposure to press, investors, early adopters and talent. See http://www.socaltech.com/calendar/eventid/25370 September 23, Northridge -- Valley Hackathon II. The Valley Economic Alliance is hosting Valley Hackathon II on Friday, September 23 from 9am-5pm at Cal State University, Northridge's Grand Salon. Valley Hackathon II is a technology focused event that brings in students from 9th to 12th grade and college who are interested in computer science, web and app development/design, public policy, marketing, government and political science. Valley Hackathon II's challenge and teams will be announced on morning of the event. Winners will be selected by a panel of judges. Teams will be awarded with gifts and opportunities. A continental breakfast and lunch will be provided for participants. Participants are asked to bring laptops with Microsoft Powerpoint installed and a flash drive.. See http://www.socaltech.com/calendar/eventid/25387 ----------------------------------------------------------------------- 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. 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