socaltech.com TechNews - Friday, February 3, 2017 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. Safire Partners (http://www.safirepartners.com). Los Angeles-based executive search for emerging growth companies Binary Pulse Technology Marketing (http://www.binarypulse.com). We Create Demand for California's Technology Companies. Shimokaji IP (http://www.shimokaji.com) Bettering Life Through Creative Ideas ------------------------------------------------------------------------ --Hutch: Making Furniture Buying A Snap, With Beatrice Fischel-Bock --Alteryx Names Snags Marketing, Sales Execs From LifeLock, Tableau --Qualcomm Launches $3 Billion Joint Venture With TDK --Nimble Connects Into Outlook On iOS --SteelHouse Names New Bizdev VP --FloQast Names Sales VP, Opens New Office In Ohio --TakeLessons Rolls Out New Service, TakeLessons Live --Snap Went From 600 to 1,859 Employees In One Year --Snap Files For IPO --MSC Software Acquired For $834M --Snapchat, R/GA Partner For New Startup Accelerator MARKETPLACE --Square 1 Bank --Pixelgate.net - Internet Access, Web Hosting, Network Services --Stubbs Alderton & Markiles Preccelerator - Apply Today! --Oracle --Stradling --Early Stage Commercial Insurance - Pacific Unified Insurance Agency RECENT JOB POSTINGS --Associate Recruiter, Los Angeles, Safire Partners RECENT FUNDING EVENTS ------------------------------ADVERTISEMENT------------------------------- Support Real, Not Fake News Coverage - Become A Member Today! Ok, we don't generally cover politics... but would you want fake business news? Support our efforts to provide unbiased, real 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 giant database of Southern California companies, venture investors, service providers, and deal information, and many other resources. Join today at http://www.socaltech.com/Membership --------------------------------------------------------------------------- Hutch: Making Furniture Buying A Snap, With Beatrice Fischel-Bock ---- Can a mobile app make creating and designing your space as easy as posting a selfie on Snapchat or Instagram? West Hollywood-based Hutch (www.hutch.com) hopes so, with a new set of apps which let you take a picture of your new apartment or room, apply a filter for the style you like, and get back a recommendation and ways to buy furniture to make your new space exactly the way you want. We caught up with co-founder Beatrice Fischel-Bock on the idea and journey behind Hutch. What is Hutch? Beatrice Fischel-Bock: Hutch is an app that (More...) http://www.socaltech.com/hutch_making_furniture_buying_a_snap_with_beatrice_fischel_bock/s-0069029.html --------------------------------------------------------------------------- Alteryx Names Snags Marketing, Sales Execs From LifeLock, Tableau ---- Irvine-based data analytics software developer Alteryx said yesterday that it has named Seth Greenberg as Chief Marketing Officer (CMO), and Scott Jones as Chief Revenue Officer (CRO). The company, which is backed by Iconiq Capital, Insight Venture Partners, and Meritech Capital Partners, said that Greenberg joins from LifeLock, where he also was CMO; he also has served at Intuit, serving as Vice President of Intuit QuickBooks. Jones was previously Senior Vice President of America Sales at Tableau Software, and also served at SAP and E.piphany. Qualcomm Launches $3 Billion Joint Venture With TDK ---- San Diego-based Qualcomm and TDK Corporation announced Friday morning that they have launched a joint venture, RF360 Holdings Singapore PTE. Ltd., to provide RF front-end (RFFE) modules and RF filters for the mobile device, automotive, and Internet-of-Things (IoT) market. Qualcomm and TDK said the deal to create the new joint venture is worth approximately $3 billion dollars. RF360 Holdings will be a Singapore corporation, with headquarters in Munich, Germany, and R&D and manufacturing and/or sales locations in Europe and Asia. Qualcomm Global Trading PTE. Ltd, a subsidiary of Qualcomm, will own 51 percent of the new JV; 49 percent will be owned by EPCOS AG. Nimble Connects Into Outlook On iOS ---- Santa Monica-based customer relationship management (CRM) tool developer Nimble has wired up its tool to Microsoft Outlook on iOS, the company said on Thursday. The company's software provides detailed information and views on a user's contacts, including links to social profiles, work experience, and much more. Nimble said the new add-in for Outlook on iOS is avaliable to all Office 365 commercial users; users will need a Nimble Business account to use the add-in. Nimble Business accounts cost $25 per user per month. SteelHouse Names New Bizdev VP ---- Culver City-based online advertising software developer SteelHouse said this week that it has named Natalie Serota as its new VP, Head of Business Development. Serota was most recently at Omaze, where she was VP, Head of Partnerships & Events, and also served at Google and Omnicom, and according to the firm has over a decade in senior sales roles. Steelhouse provides its software to brands, helping them with retargeting and prospecting campaigns through display, mobile, and social channels. FloQast Names Sales VP, Opens New Office In Ohio ---- Los Angeles-based FloQast, which develops financial close management software, said this week that it has named Todd Ellwood as Vice President of Sales, and opened a new office in Columbus, Ohio. According to the firm, Ellwood will head the new office. Ellwood previously was at Dell, and also served as Vice President of Sales for Quest Software, and also was at Aelita Software, Sterling Commerce, Information Dimensions, and AT&T Information Systems. FloQast is venture backed by Amplify.LA, Polaris Partners and Toba Capital. TakeLessons Rolls Out New Service, TakeLessons Live ---- San Diego-based TakeLessons, which operates an online marketplaceto connect users with instructors in such areas as singing, piano, guitar, Spanish, and other areas, said this week that it has launched a new service called TakeLessons Live. The new service provides unlimited, live online group classes, via a monthly subscription. The company did not release pricing, but said the cost provides 200 online lessons a month, for less than 10 cents a class. TakeLessons said the move will provide live instruction to more people. The company's marketplace still connects users with individual instructors for private instruction, both in person and online. The company is led by CEO Steven Cox. Snap Went From 600 to 1,859 Employees In One Year ---- Among the massive trove of information in Venice, California-based Snap Inc.'s IPO filing on Thursday is the tidbit that the company more than tripled its number of employees in the last year, going from 600 full time employees on December 31, 2015, to 1,859 as of December 31, 2016. (More...) http://www.socaltech.com/snap_went_from_6__to__8_9_employees_in_one_year/s-0069037.html Snap Files For IPO ---- Venice, California-based Snap Inc., the parent company of Snapchat, has filed for its much anticipated IPO, saying in a filing late Thursday that it is looking to raise up to $3.0 billion in an IPO offering on the New York Stock Exchange, under the symbol SNAP. (More...) http://www.socaltech.com/snap_files_for_ipo/s-0069028.html MSC Software Acquired For $834M ---- Newport Beach-based CAD/CAM software developer MSC Software is being acquired by Stockholm, Switzerland-based Hexagon AB, in a deal worth $834M, Hexagon announced Thursday morning. MSC Software develops computer-aided engineering (CAE) software, including simulation software for virtual product and manufacturing process development. Hexagon said that MSC has over 1200 employees spread across 20 countries. MSC Software had been owned by private equity investors Elliott Associates and Symphony Technology Group, and the company had been looking for a buyer since at least early January. Snapchat, R/GA Partner For New Startup Accelerator ---- Venice, California-based Snap Inc., the parent firm behind Snapchat, has joined up with R/GA Marketing--which helps run the Dodgers Accelerator in Los Angeles--to launched a new startup accelerator, the R/GA Marketing Tech Venture Studio with IPG. The new accelerator says it will invest $120,000 in funding in comapnies in the accelerator for up to 6 percent equity, with a 100 day program to be held at R/GA's New York offices. The new effort is focused on growth-stage and early-stage startups, with an emphasis on improving the reation and delivery of mobile advertising. http://www.socaltech.com/snapchat_r_ga_partner_for_new_startup_accelerator/s-0069020.html --------------------------------------------------------------------------- MARKETPLACE Reach 10000+ readers for 5 days for $250 Post your marketplace ad at: http://www.socaltech.com/postad.html ------------------------------ADVERTISEMENT------------------------------- Square 1 Bank Square 1 Bank is a division of Pacific Western Bank, a Los Angeles-based commercial bank with over $21 billion in assets. A full service financial services partner to entrepreneurs and their investors, Square 1 provides clients flexible resources and attentive service to help their companies grow. Square 1 offers a broad range of venture debt, treasury and cash management solutions through offices in top innovation centers: Atlanta, Austin, the Bay Area, Boston, Chicago, Denver, Durham, Los Angeles, Minneapolis, New York, San Diego, Seattle and Washington, DC. Pacific Western Bank is a wholly-owned subsidiary of PacWest Bancorp (NASDAQ:PACW). For more information, visit www.square1bank.com, or send an email to [email protected]. ------------------------------ADVERTISEMENT------------------------------- Pixelgate.net - Internet Access, Web Hosting, Network Services We put the "Service" back into Internet Service Provider. http://www.pixelgate.net ------------------------------ADVERTISEMENT------------------------------- Stubbs Alderton & Markiles Preccelerator - Apply Today! Stubbs Alderton & Markiles, LLP is one of the leading business law firms in Southern California. We pioneered a fixed fee start-up package making the formation and organization of your start-up as seamless as possible. Our Preccelerator® Program is a platform offered to select start-up companies out of our Santa Monica office that provides interim office space, sophisticated legal services, mentorship and access to a strategic perks portfolio with the objective of helping you grow your idea from business concept to funded startup. The Preccelerator Program provides these benefits to 5-10 promising young startups. Apply today! http://stubbsalderton.com/preccelerator/ ------------------------------ADVERTISEMENT------------------------------- Oracle Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services for small and mid-sized businesses. For more information about Oracle (NYSE:ORCL), visit www.oracle.com. In Los Angeles, contact Ryan Mondillo ([email protected]). ------------------------------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 Associate Recruiter, Los Angeles, Safire Partners http://www.socaltech.com/showjob.php?id=5684 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 ------------------------------------------------------------------------ RECENT FUNDING SUMMARY 01/30/17 Geneva Healthcare $1.7M http://www.socaltech.com/intelligence/?action=showdeal&id=80203 01/30/17 Comparably $7.0M http://www.socaltech.com/intelligence/?action=showdeal&id=80202 01/30/17 TheBouqs $24.0M http://www.socaltech.com/intelligence/?action=showdeal&id=80201 01/27/17 Virtualitics $3.0M http://www.socaltech.com/intelligence/?action=showdeal&id=80157 01/25/17 Kopari $0.0M http://www.socaltech.com/intelligence/?action=showdeal&id=80154 01/25/17 Ring FKA Doorbot $109.0M http://www.socaltech.com/intelligence/?action=showdeal&id=80148 01/19/17 TeamDom $1.0M http://www.socaltech.com/intelligence/?action=showdeal&id=79860 01/16/17 SPACES $6.5M http://www.socaltech.com/intelligence/?action=showdeal&id=79800 01/13/17 Element Analytics $7.0M http://www.socaltech.com/intelligence/?action=showdeal&id=79729 01/10/17 MobileCause, LLC $15.0M http://www.socaltech.com/intelligence/?action=showdeal&id=79361 01/09/17 SnapMD, Inc. $1.8M http://www.socaltech.com/intelligence/?action=showdeal&id=79356 01/05/17 Avidity NanoMedicines LLC $10.0M http://www.socaltech.com/intelligence/?action=showdeal&id=79350 01/05/17 Molecular Stethoscope $8.2M http://www.socaltech.com/intelligence/?action=showdeal&id=79349 01/05/17 Neurelis, Inc. $0.0M http://www.socaltech.com/intelligence/?action=showdeal&id=79348 01/04/17 Magento, Inc. $250.0M http://www.socaltech.com/intelligence/?action=showdeal&id=79268 --------------------------------------------------------------------------- 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 February 8, Thousand Oaks -- New FLOWE Wind Power Tech in SoCal. Clean Technology Council. FLOWE wind power uses spatial design to increase the efficiency of very small vertical turbine arrays. It solves large turbine issues like massive constriction and maintenance costs, increased area needs, eyesore complaints and accidental bird/bat fatalities. See http://www.socaltech.com/calendar/eventid/25585 February 8, Los Angeles -- Silicon Beach Networking Mixer. Every month we get together to network and mingle with local startup founders and their teams. Join our group to meet new people and participate in lively discussions with outstanding names in the silicon beach communitNEW . See http://www.socaltech.com/calendar/eventid/25592 February 9, Irvine -- TCVN Workshop: Structure Your Company the Right Way. Choosing a structure for your company is typically a confusing and difficult process. Ask three lawyers and get five different answers! Corporation or LLC? Delaware, California or Nevada? C-corp. or S-corp.? Confused? Many factors come into play when choosing an organizational structure. While most choices are not irrevocable, it is in entrepreneur’s best interest to make a well-informed decision earlyNEW . See http://www.socaltech.com/calendar/eventid/25595 February 15, San Diego -- CASE STUDY: FuelRod -- Mobile Charging on the Go. MIT Enterprise Forum San Diego. One company is rethinking the world of mobile power through rechargeable batteries; in a way you might not expect. Chi Yau and Joe Yeagley are the developers behind FuelRod, a rechargeable mobile battery charger which is changing the travel experience. With backgrounds in innovative energy storage technology, Yau and Yeagley recognized the need for added battery power on-the-go and saw an opportunity in the rechargeable battery market for the introduction of charger swapsNEW . See http://www.socaltech.com/calendar/eventid/25588 February 25, Pasadena -- Caltech Entrepreneurs Forum - Entertainment. Southern California is still the home of Hollywood -- the symbolic name for the motion picture industry, but that industry has changed dramatically in recent years. Many of the studios have sizable in-house technology development operations, but all acquire technology or technology products from outside their corporate borders. The program is designed to help would be developers and sellers of new movie-related technologies navigate among the giants, learn what areas might provide opportunities, and avoid areas where scale and other industry characteristics render it unlikely that a startup will make inroadsNEW . See http://www.socaltech.com/calendar/eventid/25589 ----------------------------------------------------------------------- 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 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) 2017 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
