socaltech.com TechNews - Tuesday, May 2, 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 ------------------------------------------------------------------------ --Axonics Raises $14.5M --Veritone Sets Estimated IPO Pricing Range --Lantern Credit Expands Board --Aligned TeleHealth Names President, COO --Tech Coast Angels, Pasadena Angels Among Top Angel Groups In New Report --Hyundai Links With Mitu On Latino Youth Outreach --Hulu, NBCUniversal In Live TV Distribution Deal --Fandango Hosts Al Gore For Screening In LA --Simulations Plus Acquires DILIsym Services MARKETPLACE --Tech Coast Map & Calendar – Put Your Company On The Map! --Square 1 Bank --Introducing KeyCloud Backup and Recovery as a Service (BRaaS) --Support Our News Coverage - Become A Member Today! --Project X – New Design Focused Accelerator in Los Angeles --Binary Pulse Technology Marketing --SoCal IP Law Group LLP - Serving the IP Needs of Technology Innovators RECENT JOB POSTINGS RECENT FUNDING EVENTS ------------------------------ADVERTISEMENT------------------------------- Neohire South Your source for the most sought-after startup jobs. At Neohire South, we take our relationships seriously. We apply years of industry experience to assess and curate our talent pool - connecting only top-notch tech candidates with the most exciting startups in the industry. Whether you’re building your team or searching for a job you love, we want to understand your unique needs and goals to create an incredible fit for your future. http://www.neohiresouth.com --------------------------------------------------------------------------- Axonics Raises $14.5M ---- Irvine-based Axonics, a developer of medical devices to treat urinary and fecal dysfunction, has raised $14.5M in a Series C funding round, the company announced this morning. The company said the funding is the first close of a targeted $30M funding round, and came from existing shareholders Edmond de Rothschild Investment Partners, Advent Life Sciences, Cormorant Asset Management, Legend Capital, NeoMed Management, and individuals. The company said the funding will go towards a clinical study in overactive bladder patients, to gain U.S. FDA approval. Axonics said it hopes to begin that study in the second half of the year. Raymond W. Cohen is CEO of Axonics. http://www.socaltech.com/intelligence/?action=showdeal&id=82981 Veritone Sets Estimated IPO Pricing Range ---- Newport Beach-based Veritone, a developer of cloud-based, artificial intelligence software, says it expects its IPO to be between $14.00 and $16.00 per share (More...) http://www.socaltech.com/veritone_sets_estimated_ipo_pricing_range/s-0070218.html Lantern Credit Expands Board ---- Newport Beach-based fintech startup Lantern Credit announced very late Monday evening, that it has appointed Richard Gomez-Acebo to its Board of Managers. Gomez-Acebo was most recently in risk management at Banco Santander, and also has served at Spanish bank Banesto. Lantern Credit said Gomez-Acebo has more than 30 years of experience in the Spanish and international banking sectors. Lantern Credit's CEO is Chad Swensen; the company's Chairman is investor John Mack, with Vice Chairman held by former Apple CEO John Sculley. Lantern Credit says it is developing a white label platform for financial institutions, which provides an "interactive credit report" to their customers to help them improve their financial wellness. Aligned TeleHealth Names President, COO ---- Calabasas-based telemedicine provider Aligned Telehealth, a healthcare company provide telemedicine services to acute-care hospitals, emergency rooms, skilled nursing facilities, and correctional institutions, has named Dan Castillo President and COO. Castillo was most recently CEO of LA County-USC Medical Center. He previously was a principal consultant with Health Management Associates (HMA). Aligned Telehealth is venture backed by SV Health Investors, and focuses on providing psychiatric specialty physician consultations via telemedicine. Tech Coast Angels, Pasadena Angels Among Top Angel Groups In New Report ---- A new report, released by the Angel Resource Institute in the last week, has spotlighted the Tech Coast Angels and the Pasadena Angels as among the top four angel groups in California, and the Tech Coast Angeles as number two in the nation in terms of the number of deals in 2016. The rankings were released in the Angel Resource Insitute's 2016 ARI HALO Report. The Keiretsu Forum was ranked number one in the nation in terms of deal activity in 2016 overall. The ARI did not release individual deal counts for the various angel groups. http://www.socaltech.com/tech_coast_angels_pasadena_angels_among_top_angel_groups_in_new_report/s-0070213.html Hyundai Links With Mitu On Latino Youth Outreach ---- Los Angeles-based mitu, the Latino-focused online content developer backed by Upfront Ventures, WPP, AwesomenessTV, and Verizon Ventures, said on Monday that has linked up with Hyundai Motor America, to launch a new digital series called "What's Good in your Hood". According to the two, the new branded content series will help Hyundai connect with latino youth and communities in the America, by highlighting the impact of local businesses in Latino communities. Financial details of the deal were not announced. The two said the series will focus on "local foodie knowledge" from cities around the country, and will highlight the best restaurants, diners and food carts. Hulu, NBCUniversal In Live TV Distribution Deal ---- Santa Monica-based Hulu and NBCUniversal announced Monday morning that they are in a new, distribution agreement, which will add NBC and Telemundo Owned Television Stations to Hulu's new live TV service, when it launches later this spring. Financial details of the deal were not announced. According to the two, the deal includes access to NBC, Telemundo, USA, Syfy, Bravo, E!, MSNBC, CNBC, NBCSN, and others, and will bring Hulu's total channels in its lineup to more than 50. Fandango Hosts Al Gore For Screening In LA ---- Los Angeles-based online movie site Fandango is hosting former U.S. Vice President Al Gore at a screening of the film, An Inconvenient Sequel, at LA's Greek Theater this week, the company announced this morning. Fandango said Gore will be joined by actor Joseph Gordon-Levitt for a screening and Q&A about the film, which tackles the changes that have taken place since Gore's documentary, An Inconvenient Truth. The film (More...) http://www.socaltech.com/fandango_hosts_al_gore_for_screening_in_la/s-0070199.html Simulations Plus Acquires DILIsym Services ---- Lancaster, California-based Simulations Plus, which develops pharmaceutical simulation and modeling software, has acquired DILIsym Services, a developer of drug-induced liver injury simulation software and related consulting services to the pharmaceutical industry. Simluations Plus said it will pay $10M in total, split between $5M up front plus earn out of up to an additional $5M over the next three years based on profitability of its new DILIsym Services division. Simulations Plus said it will iadd employees from DILIsym Services with the buy, boosting its staff from 68 people to 79. The company said it will add more than $3M in revenues in its upcoming fiscal year 2018 due to the acquisition. --------------------------------------------------------------------------- MARKETPLACE Reach 10000+ readers for 5 days for $250 Post your marketplace ad at: http://www.socaltech.com/postad.html ------------------------------ADVERTISEMENT------------------------------- Tech Coast Map & Calendar – Put Your Company On The Map! Include your company on the Tech Coast Map and be part of the iconic industry symbol of Technology Innovation in Southern California. The map is promoted through Print, Digital, and web with an online interactive version of the map. Take part in the effective map campaign to support your region, brand and location(s) while promoting your company as an industry leader. The custom imprinted Poster/Calendars make the perfect promotional year-end gift for stakeholders. View the large interactive map at https://www.siliconmaps.com/tech-coast/ Contact [email protected] for more information and mention Socal Tech for special industry rates. ------------------------------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------------------------------- 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------------------------------- Support Our News Coverage - Become A Member Today! We often get asked--how do we pay for our news coverage and our publishing efforts? That's simple -- it's a combination of our sponsors and YOU. How can YOU make sure you continue to get 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 big database of Southern California companies, venture investors, service providers, and deal information, and many other resources. We are relying on YOU! Join today at http://www.socaltech.com/Membership ------------------------------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------------------------------- 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 05/02/17 Axonics Modulation Technologies $14.5M http://www.socaltech.com/intelligence/?action=showdeal&id=82981 05/01/17 3D Robotics $53.0M http://www.socaltech.com/intelligence/?action=showdeal&id=82930 04/28/17 Work Today $1.1M http://www.socaltech.com/intelligence/?action=showdeal&id=82928 04/28/17 Epic Sciences $40.0M http://www.socaltech.com/intelligence/?action=showdeal&id=82927 04/27/17 OverOps $30.0M http://www.socaltech.com/intelligence/?action=showdeal&id=82925 04/26/17 Sense360 $7.0M http://www.socaltech.com/intelligence/?action=showdeal&id=82923 04/26/17 Dave $3.0M http://www.socaltech.com/intelligence/?action=showdeal&id=82922 04/26/17 AltheaDx, Inc. $27.0M http://www.socaltech.com/intelligence/?action=showdeal&id=82921 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 --------------------------------------------------------------------------- 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 May 2, San Diego -- Developing International Relationships into Business Advantages. CONNECT. The world is becoming ever more closely connected and smart companies are building international relationships to take their business further, faster. Mexico and San Diego have built a strong, synergistic partnership based on proximity, shared goals to build a better economy, and building complementary assets. Manufacturing resources and sourcing development talents are just the beginning. Join us for a frank and insightful discussion about what the future holds for our bi-national relationship and how to leverage the best assets on each side of the border to gain an edge for your company. See http://www.socaltech.com/calendar/eventid/25688 May 3, Van Nuys -- ACG What's Up in A&D? SpaceX's Elon Musk and Amazon's Jeff Bezos are battling for leadership in Space Tourism. Trillions of new dollars are coming to the Federal defense budget. UAVs (don't call them drones!) are providing more intel than ever. Private aviation has never had it so good as a record number of millionaires take to the private skies. So what's in it for us here on the ground at the center of all things A&D in Southern California? Learn the latest from the A&D experts gathering at ACG101's Aerospace & Defense panel, Wednesday, May 3, 2017.NEW . See http://www.socaltech.com/calendar/eventid/25689 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 June 1, Los Angeles -- Women Founder's Network 2017 Fast Pitch Competition Deadline. Women Founders Network (WFN) is a virtual accelerator that connects women building high-growth businesses with the tools and resources they need to achieve business success. Applications for the 2017 competition will be accepted May 1 - June 1. See http://www.socaltech.com/calendar/eventid/25686 ----------------------------------------------------------------------- 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
