socaltech.com TechNews - Wednesday, April 26, 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. 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 La Visual (http://Lavisual.com) A Branding, Product Strategy & Rapid Prototyping Accelerator ------------------------------------------------------------------------ --Interview with Eugene Cho, Echo Laboratories --AltheaDx Finds $27M In New Funding --Digital Domain Debuts Virtual Reality App --Zadara Wins Eastman Kodak Spinoff --MomentFeed Links With Snapchat --Forge Therapeutics Gets $15M --Sienna Biopharmaceuticals Gets $40M In Series B --TeleSign Acquired By BICS For $230M --Trump Takes Aim At CrowdStrike MARKETPLACE --Media 2.0 w/Peter Csathy & Preccelerator Program Demo Day - May 18 --Square 1 Bank --Oracle --Safire Partners Executive Search --Project X – New Design Focused Accelerator in Los Angeles --SoCal IP Law Group LLP - Serving the IP Needs of Technology Innovators RECENT JOB POSTINGS RECENT FUNDING EVENTS ------------------------------ADVERTISEMENT------------------------------- Share Your Opinions On Drone Technology / CSU Channel Islands Study Dr. Sean Anderson and his students at California State University Channel Islands are conducting this survey on behalf of their ESRM 370 undergraduate class and their Aerial and Aquatic Robotic Research (“AARR”) Laboratory group. We are studying the current use of and attitudes towards Unmanned Aerial Vehicles. These devices are variously also known as UAV, Unmanned Aerial Systems (UAS), Remotely Piloted Systems (RPS), or simply “drones.” While the military use of these systems may often be what people think of when they hear about this technology, we are exploring the rapidly-expanding, non-military use of systems created by hobbyists, researchers, and private industry. We expect to conclude this survey by late April of 2017 and subsequently post our results by early May to both our blog (https://aarr.piratelab.org) and our suite of social media outlets. Please check these sites in early May for our polling results or feel free to contact us with any questions. Our contact ([email protected]) and links to our web sites will be provided again at the end of this survey. Drone 2017 Survey-English https://csuci.qualtrics.com/SE/?SID=SV_eaFKp1uyd4nHSsd Drone 2017 Survey-Spanish https://csuci.qualtrics.com/SE/?SID=SV_2bI8wkbVn5rfAFL --------------------------------------------------------------------------- Interview with Eugene Cho, Echo Laboratories ---- Eugene Cho is CEO of San Diego-based Echo Laboratories ( www.discover-echo.com), a startup which is developing a new kind of microscope. The startup is backed by the Tech Coast Angels and Dolby Ventures. Eugene tells us about how his long experience in sales in the microscope industry really enabled the company to get traction quickly, and how that traction--and particularly, sales and market knowledge--was the key to finding funding for its efforts, changing the conversation from "what's this widget about" to "how much capital do you need to fund more sales growth?" Explain what's special about Echo's microscopes, and what's your background? Eugene Cho: We have developed the first and only hybrid microscope. There are typically two types of microscopes. One, is (More...) http://www.socaltech.com/interview_with_eugene_cho_echo_laboratories/s-0070143.html --------------------------------------------------------------------------- AltheaDx Finds $27M In New Funding ---- San Diego-based AltheaDx, which is developing molecular diagnostics technology for the personalized medicine market, has raised $27M in its Series D funding round. Source of the new funding was not announced by the company. AltheaDx said the funding will go towards expanding its sales force and scaling up marketing efforts. AltheaDx is led by President and CEO Jorge Garces. http://www.socaltech.com/altheadx_finds__7m_in_new_funding/s-0070144.html Digital Domain Debuts Virtual Reality App ---- Playa Vista-based Digital Domain, the visual effects provider which has been making a big push into virtual reality content, said on Tuesday that it has launched its own app for viewing virtual reality content. The company said the app includes both content created in-house at Digital Domain, as well as works from its industry partners, including animation, short films, and documentaries plus live and video on demand content from musical, political and entertainment events. The app is free, and runs on iOS, Android, and Google Daydream, and Samsung Gear VR. Zadara Wins Eastman Kodak Spinoff ---- Irvine-based storage-as-a-service provider Zadara Storage said on Tuesday that it has been selected by Kodak Alaris, a spin off from Eastman Kodak Company. Zadara said Kodak Alaris is using its Zadara VPSA storage array. Zadara's products are used by companies to implement storage in the cloud, appearing as a local storage array or storage controller, but tapping into a number of different cloud storage options. Kodak Alaris is a provider of information management software for professional photographers, retailers and photofinishers, and others. MomentFeed Links With Snapchat ---- Los Angeles-based MomentFeed, which develops social marketing software to help multi-location, retail brands better manage the information about their local stores, has linked up with Snapchat's partner program, according to the company. Snapchat said that MomentFeed is now one a number of "Snapchat Partners", which lets MomomentFeed's customers execute targeted, location-based paid advertising campaigns using Snap Ads and Geofilters. MomentFeed says its tools are used by such brands as Starbucks, Mercedes Benz and PinkBerry to verify, manage, and update store locations and information. Forge Therapeutics Gets $15M ---- San Diego-based Forge Therapeutics, a biotechnology startup developing antibiotics, said on Tuesday that it has raised $15M in a Series A funding. The funding was led by MagnaSci Ventures, along with Evotec AG, Alexandria Venture Investments, MP Healthcare Venture Management, Red Apple Group, and WS Investments. MagnaSci Ventures's Brian Dorsey joins the company's board along with the funding. http://www.socaltech.com/intelligence/index.php?action=showdeal&id=82918 Sienna Biopharmaceuticals Gets $40M In Series B ---- Westlake Village-based Sienna Biopharmaceuticals, which is developing medical dermatology and aesthetics treatments, has raised $40M in a Series B funding. The funding was led by ARCH Venture Partners and Venvest Capital, and also included Partner Fund Management, Altitude Life Science Ventures, and Dr. David Pyott, plus new investors Fidelity Management & Research Company, certain investment funds advised by Clough Capital Partners L.P., Omega Fund Management, and others. The company said the funding will go advance its biotech pipeline, which includes pharmaceuticals for treating pruritus and psoriasis; atopic dermatitis, psoriasis and pruritus; and treatment of acne vulgaris and the permanent reduction of unwanted light-pigmented hair. http://www.socaltech.com/intelligence/index.php?action=showdeal&id=82915 TeleSign Acquired By BICS For $230M ---- Los Angeles-based TeleSign, which uses phone calls and related information for mobile identity management, authentication, and other cloud services, has been acquired by Brussels-based BICS, in a deal worth $230M in cash plus unspecified earnout. (More...) http://www.socaltech.com/telesign_acquired_by_bics_for__3_m/s-0070130.html Trump Takes Aim At CrowdStrike ---- Irvine-based cybersecurity firm CrowdStrike appears to be the latest victim of unsubstantiated "facts" from the current White House administration, as President Trump inferred that the company, incorrectly, is owned by a "very rich Ukrainian". The company is actually backed by Google Capital, Rackspace, Accel Partners, and Warburg Pincus. CrowdStrike's founder is George Kurtz, who founded Irvine's Foundstone, and later sold it to McAfee. Axios reports that the incorrect White House assertion might be because CrowdStrike's co-founder and CTO, Dmitri Alperovitch (an American citizen) is of Russian heritage. CrowdStrike's executives were active in boosting U.S. cybersecurity under the prior administration, alongside executives from IBM, MasterCard, Microsoft, and others. http://www.socaltech.com/trump_takes_aim_at_crowdstrike/s-0070129.html --------------------------------------------------------------------------- MARKETPLACE Reach 10000+ readers for 5 days for $250 Post your marketplace ad at: http://www.socaltech.com/postad.html ------------------------------ADVERTISEMENT------------------------------- Media 2.0 w/Peter Csathy & Preccelerator Program Demo Day - May 18 Clear your calendar - It's going down! The Preccelerator Program Demo Day kicks off on May 18th @ 5:30pm, and you're invited to take part in the festivities. SAM Preccelerator Program is our meeting spot to showcase the Preccelerator's current class of all-star companies to investors and the start-up community. Followed by keynote speaker Peter Csathy, founder of Creatv Media and author of Media 2.0(17): An Insider's Guide to Today's World of Digital Media & Where It's Going. Register today! https://demodaypetercsathy.splashthat.com/?gz=a5c30705f72de01e21c60aeed63d2d15&pp=1 ------------------------------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------------------------------- 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------------------------------- 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. ------------------------------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 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 04/25/17 Forge Therapeutics $15.0M http://www.socaltech.com/intelligence/?action=showdeal&id=82918 04/25/17 Sienna Biopharma $40.0M http://www.socaltech.com/intelligence/?action=showdeal&id=82915 04/25/17 Science 37 $29.0M http://www.socaltech.com/intelligence/?action=showdeal&id=82910 04/19/17 Bonti, Inc. $11.7M http://www.socaltech.com/intelligence/?action=showdeal&id=79556 04/11/17 MFour Mobile Research Inc. $5.0M http://www.socaltech.com/intelligence/?action=showdeal&id=82600 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 04/04/17 Virtualitics $4.5M http://www.socaltech.com/intelligence/?action=showdeal&id=82461 03/31/17 Echo Laboratories, Inc. $7.5M http://www.socaltech.com/intelligence/?action=showdeal&id=82381 --------------------------------------------------------------------------- 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 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 SoCalTECH100off for a $100 discount on the ticket price. 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 3, San Diego -- Del Mar Electronics & Manufacturing Show. See http://www.socaltech.com/calendar/eventid/25682 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 4, San Diego -- Del Mar Electronics & Manufacturing Show. See http://www.socaltech.com/calendar/eventid/25683 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 May 18, Santa Monica -- Media 2.0 w/Peter Csathy & Preccelerator Program Demo Day. Clear your calendar - It's going down! The Preccelerator Program Demo Day kicks off on May 18th @ 5:30pm, and you're invited to take part in the festivities. SAM Preccelerator Program is our meeting spot to showcase the Preccelerator's current class of all-star companies to investors and the start-up community. Followed by keynote speaker Peter Csathy, founder of Creatv Media and author of Media 2.0(17): An Insider's Guide to Today's World of Digital Media & Where It's Going. See http://www.socaltech.com/calendar/eventid/25679 ----------------------------------------------------------------------- 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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