socaltech.com TechNews - Tuesday, April 11, 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. PricewaterhouseCoopers (http://www.socaltech.com/pwc). 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 ------------------------------------------------------------------------ --Virtualitics Finds $4.4M For VR, AR Tools --Western Digital Leads $33M Investment In Tegile Systems --Qualcomm Counters Apple Lawsuit --Maxwell Technologies Reaches Board Deal With Investor --Heal Adds Former Navy Secretary Mabus To Board --Vizio, LeEco Call Off $2 Billion Acquisition Deal --Wavemaker Partners Backs Saleswhale For Automated Sales Leads MARKETPLACE --RECURRING REVENUE CONFERENCE - April 26 - Marina Del Rey --Tech Coast, by Silicon Maps, Inc. --Square 1 Bank --Binary Pulse Technology Marketing --SoCal IP Law Group LLP - Serving the IP Needs of Technology Innovators RECENT JOB POSTINGS RECENT FUNDING EVENTS ------------------------------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/ --------------------------------------------------------------------------- Virtualitics Finds $4.4M For VR, AR Tools ---- Pasadena-based Virtualitics, a developer of analytics software aimed at the virtual reality and augmented reality application market, has raised $4.4M in a funding led by The Venture Reality Fund, the company said today. The company, led by CEO Michael Amori, said the funding will go towards expanding its team and deployment of new functionality. It's unclear if the round includes the $3M announced by the company in a seed funding in January or is all new capital. http://www.socaltech.com/virtualitics_finds_4_4m_for_vr_ar_tools/s-0069941.html Western Digital Leads $33M Investment In Tegile Systems ---- Irvine-based Western Digital is the lead investor in a $33M funding round for flash storage array developer Tegile Systems this morning. Tegile says its big funding round was led by Western Digital Corp., and also included current investors Meritech Capital, Capricorn Investment Group, and Cross Creek Capital, bringing its total raised to $178M. Tegile, whose flash-based storage arrays are aimed specifically for use in databases, virtualized server and virtual desktop environments, says the funding goes towards technology development and product innovation plus expandings its worldwide market reach. http://www.socaltech.com/intelligence/index.php?action=showdeal&id=82597 Qualcomm Counters Apple Lawsuit ---- San Diego-based Qualcomm has filed an "answer and counterclaim" in response to the lawsuit from Apple Computer, saying that Apple's effort "devalue the fundamental Qualcomm technologies empowering the iPhone". (More...) http://www.socaltech.com/qualcomm_counters_apple_lawsuit/s-0069938.html Maxwell Technologies Reaches Board Deal With Investor ---- San Diego-based Maxwell Technologies, the technology developer which is now focused on ultracapacitor energy storage technology, said it has reached a deal with investor Viex Capital Advisors, LLC, to appoint a board member. The company said it has agreed to appoint John Mutch as an independent director to the company. Mutch was selected by Viex but, according to the company, is not an affiliate or associate of Viex. Viex said the appointment would help support the company to "drive sales growth and profitability for the benefit of all shareholders." Heal Adds Former Navy Secretary Mabus To Board ---- Los Angeles-based Heal, which offers up an app-driven service that lets users book on-demand, house calls from doctors, has added former U.S. Navy Secretary Ray Mabus to its board of directors. Mabus served at U.S. Navy Secretary for President Barack Obama for nearly eight years. Mabus also previously served as U.S. Ambassador to the Kingdom of Saudi Arabia in the Clinton Administration, as well as serving in private industry. http://www.socaltech.com/heal_adds_former_navy_secretary_mabus_to_board/s-0069937.html Vizio, LeEco Call Off $2 Billion Acquisition Deal ---- Irvine-based Vizio and Chinese electronics giant LeEco have called off the $2 billion acquisition of Vizio by LeEco, citing "regulatory headwinds". Hints that the deal were going south have been apparent for months, as LeEco has faced a cash crunch, issues getting cash for the deal from overseas, and more. The two had reached an agreement in July of 2016 for LeEco to buy Vizio, a move which would have made Vizio founder William Wang a billionaire. It's unclear what the path forward is now for Vizio, which had filed for an IPO in 2015 before inking the LeEco acquisition deal. http://www.socaltech.com/vizio_leeco_call_off__billion_acquisition_deal/s-0069928.html Wavemaker Partners Backs Saleswhale For Automated Sales Leads ---- Santa Monica- and Singapore-based Wavemaker Partners is one of the investors in Saleswhale, a Singapore startup developing artificial intelligence software for managing sales leads and sales conversations. Saleswhale said it raised $1.2M in a seed funding over the weekend, which came from Monk's Hill Ventures, Gree Ventures, and Wavemaker Partners. Wavemaker Partners is the venture firm run by Eric Manlunas and David Siemer, and which has operations both in Los Angeles as well as in Singapore. http://www.socaltech.com/intelligence/index.php?action=showdeal&id=82596 --------------------------------------------------------------------------- MARKETPLACE Reach 10000+ readers for 5 days for $250 Post your marketplace ad at: http://www.socaltech.com/postad.html ------------------------------ADVERTISEMENT------------------------------- RECURRING REVENUE CONFERENCE - April 26 - Marina Del Rey Today's analytical insights, coupled with disciplined tactics are enabling companies to deepen their customer relationships in unparalleled ways. Whether you are a SaaS or subscription business, or if customer retention is critical for your success, the RECURRING REVENUE CONFERENCE is the event to learn from the tech pioneers. Over 30 speakers from companies such as: ZipRecruiter, Zoom, Ring Central, Yapstone, Tinder, HopSkipDrive, Snack Nation, Wavemaker Ventures, and more. Panel discussions include: Scaling a Subscription Business; Lessons Learned from Two Unicorn Companies; Fuel for your Growing Business, and many more. April 26, 2017 . 9:30am-5:30pm. Cocktail reception: 5:30-7:30pm Marina Del Rey Marriott. http://www.recurringrevenueconference.com Register at: https://rrc2017.eventbrite.com and enter promo code: SoCalTECH100off for a $100 discount on the ticket price. Limited time only available until 4/17. This event will sell out. Questions? Contact: Nancy Hammerman at: [email protected] ------------------------------ADVERTISEMENT------------------------------- Tech Coast, by Silicon Maps, Inc. Tech Coast, by Silicon Maps, Inc. – Put Your Company On The Map! Promotional Marketing The Tech Coast Map & Calendar, the iconic industry symbol of Technology Innovation in Southern California. The yearly publication is promoted through Print Distribution, Industry Trade Events, Digital Displays, Press Releases, Interactive Web and through Industry Trade Organizations. Put Your Company On The Map! Spotlight your company and Create brand awareness to thousands of technology decision makers locally, nationally and globally. Take part in this effective yearly map campaign to support your region, brand and location(s) while promoting your company as an industry leader, world class innovator and choice employer. The custom imprinted Poster Calendars make the perfect promotional year-end gift for stakeholders and a terrific promotional hand-out all year long. Contact us direct for more information at [email protected] and view the large interactive map on our website at https://www.siliconmaps.com/tech-coast/ ------------------------------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------------------------------- 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------------------------------- 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 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 04/10/17 Neural Analytics, Inc. $10.0M http://www.socaltech.com/intelligence/?action=showdeal&id=82595 04/06/17 Sommetrics, Inc. $12.3M http://www.socaltech.com/intelligence/?action=showdeal&id=82592 04/06/17 SOCi $8.5M http://www.socaltech.com/intelligence/?action=showdeal&id=82589 03/31/17 Echo Laboratories, Inc. $7.5M http://www.socaltech.com/intelligence/?action=showdeal&id=82381 03/22/17 Purple Squirrel $2.7M http://www.socaltech.com/intelligence/?action=showdeal&id=81880 03/22/17 Edlio $40.0M http://www.socaltech.com/intelligence/?action=showdeal&id=81879 03/21/17 Rocket Labs $75.0M http://www.socaltech.com/intelligence/?action=showdeal&id=81874 03/15/17 ProducePay $7.0M http://www.socaltech.com/intelligence/?action=showdeal&id=81711 03/14/17 Oben, Inc. $0.0M http://www.socaltech.com/intelligence/?action=showdeal&id=81710 --------------------------------------------------------------------------- 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 April 12, Corona -- Funding your Innovation. Santa Ana District SBDC. This course is about selling your innovation to investors, grant proposal reviewers, potential strategic partners, and to your intended customers. They are each distinguishable in terms of how to be approached, but all share very similar buyer behavior characteristics, especially in the face of change and disruption. While a fast moving world can be exciting, when you tell someone that your product is “innovative”, “revolutionary”, “discontinuous”, “disruptive”, or “turning the way things are done on its head”, you may see a lot of doors closed and protective barriers thrown up against you. There are specific criteria that investors, partner prospects, and grant proposal reviewers are basing their personal decisions upon. We all need to understand buyer behavior and how people adopt innovations through a market development life cycle if we want succeed in getting them to open up to us. The following questions that plague entrepreneurs will be answered: 1. Do you need to build better market traction? 2. Do investors say that you are too early for them? 3. Are your target customers not buying-in? 4. Do you wonder why less qualified products are more successful in the market than yours? 5. Are you struggling to transition from early market visionary customers to mainstream market success?. See http://www.socaltech.com/calendar/eventid/25647 April 12, Thousand Oaks -- Mobile Device Battery Breakthrough. Clean Technology Council. Leland Smith shows how his new Millibatt can power the new breed of devices and small wearables that were not feasible with existing coin-cell or thin-film batteries. His batteries provide up to times higher energy density. The impact of this technology is enormous. See http://www.socaltech.com/calendar/eventid/25669 April 13, Los Angeles -- Virtual and Augmented Reality Tech Salon. Join us (FREE) to discover what is happening in the world of Virtual and Augmented Reality. How will healthcare be transformed? Will I attend my college lecture course virtually? How will the way we experience cinema change? What will the definition of social situations evolve to mean? How small will the world really get? How much can our imaginations actually handle. See http://www.socaltech.com/calendar/eventid/25671 April 18, Irvine -- Becoming Investor Ready - Art of the Fast Pitch. A short Fast Pitch presentation (60 to 90 second) is a must have tool that every entrepreneur should know how to eloquently deliver. When you have an opportunity to give a quick snap shot of your venture you want to leave the person with asking for more information. Watch other entrepreneurs master the art of the 60-second investor presentations followed by investors’ questions. You will see what it takes to hone a succinct “elevator pitch” for situations you need to quickly communicate your value proposition, and gain the interest of potential partners and contributors. See http://www.socaltech.com/calendar/eventid/25639 April 19, Los Angeles -- Silicon Beach Networking Mixer At Wurstkuche in Venice. Join Us For A Night Of Networking With Startup Professionals In Silicon Beach! Support women entrepreneurs and Join the fastest growing tech community in Los Angeles! Meet new people and participate in lively discussions with outstanding names in the Silicon Beach community. See http://www.socaltech.com/calendar/eventid/25675 April 22, Pasadena -- Caltech Entrepreneurs Forum - The Future of Startups. What is the future of Entrepreneurship? The event will begin with a Keynote Presentation from Preston McAfee, Chief Economist & CVP of Microsoft. He will examine the future of Entrepreneurship in new markets, new organizations, new business metrics and entirely new classes of jobs within future Startups. Dr McAfee and a panel of speakers will share their views on these opportunities and the challenges entrepreneurs will face with future Startups. See http://www.socaltech.com/calendar/eventid/25628 April 22, Pasadena -- Caltech Entrepreneurs Forum - The Future of Startups. Startups in 2027 and Beyond: Opportunities and Challenges for Entrepreneurs in the Next Decade. The event will begin with a Keynote Presentation from Preston McAfee, Chief Economist & CVP of Microsoft. He will examine the future of Entrepreneurship in new markets, new organizations, new business metrics and entirely new classes of jobs within future Startups. Dr McAfee and a panel of speakers will share their views on these opportunities and the challenges entrepreneurs will face with future Startups. See http://www.socaltech.com/calendar/eventid/25637 April 24, Irvine -- SBIR/STTR Workshop. TriTech SBDC and UCI's "The Cove" are working together to bring you a complimentary workshop that provides a detailed overview of the Small Business Innovative Research (SBIR) and Small Business Technology Transfer (STTR) programs. Small technology based organizations are eligible to apply for the funds available under these programs. This workshop provides an overview of the eligibility considerations, information about the programs, and hints for success in obtaining SBIR or STTR funds. This workshop will focus on the SBIR and STTR programs sponsored by federal agencies, such as the Department of Energy, National Science Foundation, National Institutes of Health, and the Department of Defense. See http://www.socaltech.com/calendar/eventid/25645 April 26, Los Angeles -- Purpose-driven manufacturing: backing up your brand with ethical and sustainable practices (MAKE IT Monthly event). Today’s consumer increasingly seeks products that they feel good about. Whether you are a purpose-driven brand or just a company with a conscience, live up to your brand promise. At this month's MAKE IT talk hosted at Califia Farms HQ, sustainability consultant and Principle Engineer Carolyn Casavan shares guidelines to implement ethical and sustainable practices in your factory or supply chain–and to educate your customers so they care. See http://www.socaltech.com/calendar/eventid/25678 April 26, Los Angeles -- Recurring Revenue Conference. 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. Use PROMO CODE: SocalTECH for 20% discount. Questions? contact: [email protected] or See https://rrc2017.eventbrite.com . See http://www.socaltech.com/calendar/eventid/25604 April 27, Los Angeles -- Growth Capital Conference. Network with capital sources, advisors, deal makers and 100 entrepreneurs seeking capital & counsel. DEAL DISPLAYtm showcases growing firms needing capital. View products, online demos. Hot Networking Breakfast at 7:00 AM sharp. See http://www.socaltech.com/calendar/eventid/25591 April 27, Los Angeles -- Radix Collective Independent PR Summit. The Radix Collective Independent PR Summit is a one-day business conference created by independents for independents who want to grow their business and network with peers. Whether you call yourself freelance PR, a consultant, or have a solo-agency, the PR Summit features business topics at the core of importance to any Independent PR Pro. Programming includes business development, personal branding, legal and finance, subcontracting with agencies, and more. This event will inspire and help supercharge your business in 2017 and beyond.. See http://www.socaltech.com/calendar/eventid/25630 May 4, Santa Monica -- LA CEOs presents: Drones – Today, Tomorrow, The Future. This CEO & CFO only breakfast will focus on Drones and led by Dan Burton Founder and CEO of DroneBase, the world's leading drone services company with 15,000+ commercial drone flights in over 40 countries. Dan was an early user of military and commercial drone systems, serving as a Marine Infantry Officer in Iraq and Afghanistan and building / piloting commercial drones starting in 2012. Dan also worked at Goldman Sachs and the US Senate, and went to HBS for an MBA. This event restricted to CEOs & CFOs only, a confirmed RSVP required. No service providers admitted.. See http://www.socaltech.com/calendar/eventid/25676 May 6, Santa Monica -- ZipRecruiter Hackathon 2017. Can you help someone find their dream, future, or next job? Got a concept HR would love? Have an awesome idea you can’t wait to share? ZipRecruiter is hosting its first-ever Hackathon, and we want to see what great minds can build when they come together to compete for some amazing prizes. Calling all programmers, designers, project managers, and more...sign up t today. See http://www.socaltech.com/calendar/eventid/25677 May 10, Santa Monica -- Designing UX with Willy Lai, recent Apple UX Design Director. Lai’s hands-on workshop teaches designers, product managers, marketing managers, and engineers how to design successful user experiences for software products and services across devices. Email [email protected]. See http://www.socaltech.com/calendar/eventid/25646 ----------------------------------------------------------------------- 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. 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