socaltech.com TechNews - Monday, February 27, 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 Key info (http://www.keyinfo.com) infrastructure ~ connectivity ~ co-location ~ cloud La Visual (http://Lavisual.com) A Branding, Product Strategy & Rapid Prototyping Accelerator ------------------------------------------------------------------------ --Alteryx Files For IPO --RealD Acquires MasterImage 3D --CureDuchenne Ventures Backs Exonics Therapeutics --Abbott Medical Optics Acquired By Johnson & Johnson For $4.325B --Batu Biologics Names Investor To Board --Nasty Gal's Fall From $100M A Year In Sales To Zero --Tinder's Mateen Makes Angel Investment In FOSSA --Shareability Names MomentFeed's Reed As Exec MARKETPLACE --SoCal IP Law Group LLP - Serving the IP Needs of Technology Innovators --Stradling --Oracle --Introducing KeyCloud Backup and Recovery as a Service (BRaaS) --Recurring Revenue Conference - April 26 -Los Angeles RECENT JOB POSTINGS --Associate Recruiter, Los Angeles, Safire Partners --Senior Product Development Manager, Irvine, Belkin --Director of Communication Systems Engineering, Hawthorne, SpaceX --Marketing Manager, Los Angeles, Belkin --Software Engineer, Los Angeles, Factual --Interim Controller/CFO Consultants and other Accounting/Finance Consultants, Los Angeles, Agility Financial Partners, LLC RECENT FUNDING EVENTS ------------------------------ADVERTISEMENT------------------------------- ------------------------------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. --------------------------------------------------------------------------- Alteryx Files For IPO ---- Irvine-based data analytics software developer Alteryx has filed for an IPO, saying in a filing late Friday that it is looking to raise up to $75.0M in an offering on the New York Stock Exchange. The company has applied to list under the symbol AYX. The IPO is being underwritten by Goldman, Sachs & Co., J.P. Morgan Securities LLC, Pacific Crest Securities, William Blair & Company, JMP Securities, Raymond James & Associates, and Cowen and Company. Alteryx is venture backed by Insight Venture Partners, Sapphire VEntures, Thomson Reuters, Toba Capital, and ICONIQ Capital, among others. Dean Stoecker is CEO of Alteryx. RealD Acquires MasterImage 3D ---- Beverly Hills-based 3D movie projection systems developer RealD said last week that it has acquired the assets of MasterImage 3D, including all of its intellectual property, technology, inventory, and accounts receivable. Financial details of the acquisition were not announced. RealD said the acquisition came as a result of "key legal victories" where RealD asserted its patents against MasterImage. RealD won a big patent lawsuit against MasterImage 3D in July of 2016. CureDuchenne Ventures Backs Exonics Therapeutics ---- Newport Beach-based investment fund CureDuchenne Ventures, which is a subsidiary of nonprofit CureDuchenne, announced this morning that it has invested $5M in a seed funding round for Exonics Therapeutics, a biotech startup which is focused on gene editing technology for treating Duchenne muscular dystrophy. Exonics Therapeutics is based in Boston, with reesarch in Dallas. CureDuchenne said that Exonics is developing a gene editing technology which potentially would make a permanent correction of the mutation that causes Duchenne. The funding goes towards preclinical research. http://www.socaltech.com/intelligence/index.php?action=showco&id=52584 Abbott Medical Optics Acquired By Johnson & Johnson For $4.325B ---- Abbott Medical Optics, which was based in Santa Ana, California, has been acquired by Johnson & Johnson, in a deal worth $4.325 billion in cash, the two said this morning. The deal had originally been announced in September. The company will be renamed Johnson & Johnson Vision (J&J Vision). Johnson & Johnson said the acquisition includes ophthalmic products in three areas of patient care: cataract surgery, laser refractive surgery and consumer eye health. Batu Biologics Names Investor To Board ---- San Diego-based Batu Biologics, a developer of immune therapy drugs aimed at treating cancer, has added investor John Peck Jr. to its Board of Directors. The company said Peck has been involved with the company as an early-stage seed round investor. Peck is a real estate and biotech investor, and had been CEO and one of the owners of Meridian Leasing, although he got his start working for RCA and Intel as an MBA student in the 1960's. The company said Peck is an investor in seven biotech companies. Nasty Gal's Fall From $100M A Year In Sales To Zero ---- Two publications--the WSJ and the Los Angeles Times, have dissected the fall of Los Angeles-based NastyGal--once, one of the symbols of the rise of Silicon Beach--and how it went from nearly $100M a year in revenue to bankruptcy. NastyGal's Sophia Amoruso had started the company on eBay, took it to the venture market, but was unable to sustain its growth, or loyal customers. Nasty Gal's bankruptcy sale closes next week. http://www.socaltech.com/nasty_gal_s_fall_from____m_a_year_in_sales_to_zero/s-0069334.html Tinder's Mateen Makes Angel Investment In FOSSA ---- Justin Mateen, the co-founder and Chief Marketing Officer of Los Angeles-based Tinder, is one of the seed investors in FOSSA, a developer of open source license management software. FOSSA said Thursday that it has raised $2.2M in a seed funding round, which came from Bain Capital Ventures, along with angels Marc Benioff (Salesforce), Steve Chen (YouTube), Jaan Tallinn (Skype), Amr Awadallah (Cloudera), as well as Justin Mateen (Tinder). FOSSA's customers include SolarCity, SmartThings, NPM, and IronSource. The company is based in San Francisco. http://www.socaltech.com/tinder_s_mateen_makes_angel_investment_in_fossa/s-0069333.html Shareability Names MomentFeed's Reed As Exec ---- Marina Del Rey-based Shareability, a startup which focuses on creating viral content, said this week that Rob Reed, the founder and former CEO of MomentFeed, has joined the company as Partner and Chief Revenue Officer. The company said Reed will oversee Sales and Marketing for the company. Shareability said Reed joined the company because "online video is the next big wave of marketing disruption and innovation". --------------------------------------------------------------------------- MARKETPLACE Reach 10000+ readers for 5 days for $250 Post your marketplace ad at: http://www.socaltech.com/postad.html ------------------------------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------------------------------- 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------------------------------- 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------------------------------- Introducing KeyCloud Backup and Recovery as a Service (BRaaS) Let’s face it - backups are generally a thankless job and the consequences for getting it wrong can be grave. From evaluating current environments, to proactively monitoring and managing systems, KeyCloud is involved in every step of the process. KeyCloud BRaaS is a fully managed backup and recovery solution for your mission critical data. It includes the software, offsite storage and support - all in an enterprise-grade cloud environment that provides massive scalability, and guaranteed restorability. With KeyCloud, rest assured knowing your most important data is always protected and available, without the hassle of managing it yourself. To receive a risk free 2 month trial of KeyCloud BRaaS, visit http://www.keyinfo.com/braas-free-trial/ ------------------------------ADVERTISEMENT------------------------------- Recurring Revenue Conference - April 26 -Los Angeles Join local entrepreneurs, SaaS innovators, leading VCs, private equity/angel investors April 26, 2017 at the Recurring Revenue Conference (www.recurringrevenueconference.com) presented by Sutton Capital Partners. Whether you are a SaaS or subscription business, or if customer retention is critical to your success, this is the venue to attend. Register at: https://rrc2017.eventbrite.com and use PROMO CODE: SocalTECH for 20% discount. Questions? contact: [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 02/23/17 MomentFeed $16.3M http://www.socaltech.com/intelligence/?action=showdeal&id=81126 02/23/17 AirMap, Inc. $26.0M http://www.socaltech.com/intelligence/?action=showdeal&id=81125 02/22/17 Maple Media $30.0M http://www.socaltech.com/intelligence/?action=showdeal&id=81063 02/22/17 Tala $30.0M http://www.socaltech.com/intelligence/?action=showdeal&id=81062 02/16/17 Exactuals $10.6M http://www.socaltech.com/intelligence/?action=showdeal&id=80898 02/16/17 Ozobot $10.0M http://www.socaltech.com/intelligence/?action=showdeal&id=80897 02/15/17 Jecure Therapeutics $20.0M http://www.socaltech.com/intelligence/?action=showdeal&id=80894 02/13/17 8i $27.0M http://www.socaltech.com/intelligence/?action=showdeal&id=80828 02/13/17 Dreamscape Immersive, Inc. $11.4M http://www.socaltech.com/intelligence/?action=showdeal&id=80790 02/10/17 SpaceKnow $4.0M http://www.socaltech.com/intelligence/?action=showdeal&id=80650 02/09/17 Float $3.0M http://www.socaltech.com/intelligence/?action=showdeal&id=80893 02/09/17 Exactuals $10.0M http://www.socaltech.com/intelligence/?action=showdeal&id=80640 02/07/17 Netwrix $0.0M http://www.socaltech.com/intelligence/?action=showdeal&id=80635 02/07/17 GOAT $25.0M http://www.socaltech.com/intelligence/?action=showdeal&id=80577 02/03/17 Airware $0.0M http://www.socaltech.com/intelligence/?action=showdeal&id=80462 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 The Bouqs $24.0M http://www.socaltech.com/intelligence/?action=showdeal&id=80201 --------------------------------------------------------------------------- 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 27, Irvine -- UCI ANTprenreneur Center Mixer Monday. See http://www.socaltech.com/calendar/eventid/25621 February 27, Los Angeles -- StartEngine Equity Crowdfunding Workshop. StartEngine is organizing the first equity crowdfunding one day free workshop for companies to go live the same day. Normally, a company will spend thousands of dollars on an accountant, lawyer, copywriter and other vendors to get their campaign to go live plus many dozen of hours in preparation time. The workshop provides all of these services at no cost. The idea of a same day go live workshop is helpful for entrepreneurs who are very busy. Contact Howard Marks, CEO at [email protected]. See http://www.socaltech.com/calendar/eventid/25596 February 28, Irvine -- UCI ANTprenreneur Center Toastmasters Tuesday. See http://www.socaltech.com/calendar/eventid/25622 February 28, Los Angeles -- LA Fintech Mix Mingle Network. Come mix and mingle with other Financial Technologist's Tues February 28. 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/25606 March 1, Irvine -- The Art of Q&A w/ Liz Goodgold. UCI ANTprenreneur Center. LIz is a brand builder, “motivational speecher” and trainer, word girl and business coach. She will be discussing the art of Q&A: How to Master Answering Questions Without Offending a Soul. See http://www.socaltech.com/calendar/eventid/25618 March 2, Santa Monica -- LA CEOs. LA CEOs presents: Belkin CEO, Chet Pipkin - Internet of Things (IoT)Chet Pipkin is the Founder, Chairman and CEO of Belkin International based in Playa Vista, in the heart of Los Angeles. In his parents' garage in the early 1980s, he founded what became Belkin International and its three distinct brands, Belkin, Linksys, and WeMo. Fast Company recently named Belkin one of the World’s Most Innovative Companies in the Internet of Things (IoT). The Belkin team’s people-centric approach to IoT innovations and Belkin’s passion for delightful user experiences anchor the company's successes. Today Belkin is a leading brand in the technology and consumer electronic sectors, and has offices in more than 20 countries around the world. Belkin is a multiple-time Inc. 500 This free event is restricted to qualified CEOs & CFOs only. Confirmed RSVP required. No service providers.. See http://www.socaltech.com/calendar/eventid/25600 March 2, Pasadena -- SCALE. Now celebrating its 15th year, the Southern California Linux Expo SCALE 15X is the largest Linux and Open Source Software show in North America.. See http://www.socaltech.com/calendar/eventid/25597 March 2, Irvine -- Ky Madden w/ Bzzz Bean. UCI ANTprenreneur Center. Ky Madden is a UCI Alumni, and founder of Bzzz Bean. Bzzz Bean provides your BZZZ with chocolate covered coffee beans and carefully selected coffee. Come hear more about his entrepreneurial journey. See http://www.socaltech.com/calendar/eventid/25619 March 3, Pasadena -- DevOpsDay LA. LA's very own 1 day DevOps conference. See http://www.socaltech.com/calendar/eventid/25598 March 3, Irvine -- UCI ANTprenreneur Center Feedback Friday. See http://www.socaltech.com/calendar/eventid/25620 March 8, Thousand Oaks -- What is Conservation Mechatronics. The Aerial and Aquatic Robotic Research Group (AARR) at CSU Channel Islands takes advantage of affordable and miniaturized electronics, small batteries, 3D printing, and open source development to build Remotely Operated Vehicles (ROV.) Undergrads and middle schoolers now design, build, operate, and collect data using these tools. Learn how you can participate, and how this technology can lead to a more sustainable future. See http://www.socaltech.com/calendar/eventid/25610 March 8, Los Angeles -- Future Forum – Entertainment: The Convergence of Technology and Media. LAEDC. Digital technologies are democratizing the creation and distribution of content causing a seismic shift in the business model for traditional movie and television studios. The business strategy has gone to more vertical integration of companies who have cable, TV, and film arms, as well as theme parks and digital media. Burgeoning technologies like Virtual Reality (VR) and Augmented Reality (AR) are also emerging as the go-to for the gaming world and other forms of entertainment. Digital Advertising via social media and similar outlets are quickly overtaking companies advertising spend traditionally allocated to television ads and other legacy forms of advertising. This new ad-spend dynamic is also impacting advertising agencies and agency models. All of these changes have a significant impact on the LA County economy and our workforce, and will shape the future of the entertainment industry and how Hollywood functions going forward. See http://www.socaltech.com/calendar/eventid/25617 March 22, Los Angeles -- Join us at the Pepperdine West Los Angeles Graduate Campus and learn invaluable information about what it means to be an entrepreneur. Breakfast provided. Are you looking to expand your knowledge of new product innovation and commercialization? If the answer is yes then this session is definitely for you! This session breaks down the chaotic product innovation process into three simple sections. These three sections, in priority order are: • Marketing • Technical Feasibility • Protectability A significant portion of this talk covers Marketability, since this is the area where 420f ventures fail for lack of creating a needed product. The talk delves into the 4 Ps of Marketing; Product, Price, Promotion, and Place as well as supporting content. The other two Keys, Technical Feasibility and Protectability, will be covered as well. This talk is particularly suited for those who are looking to expand their knowledge of new product innovation and commercialization. See http://www.socaltech.com/calendar/eventid/25590 March 22, Los Angeles -- MAKE IT Monthly - From Prototype to Scale: How to Partner with Contract Manufacturers. You have a prototype, but now what? Whether you’ve designed a garment or an electronic device, you can work with contract manufacturers (CMs) to get your product manufactured; find out how. Durolabs founder Michael Corr will provide practical advice for getting your product off the ground. See http://www.socaltech.com/calendar/eventid/25613 ----------------------------------------------------------------------- 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
