*socaltech.com <http://socaltech.com> TechNews - Wednesday, November 15, 2017* Edited by Benjamin F. Kuo ISSN: 1524-6736 http://www.socaltech.com/News <https://www.socaltech.com/News> ------------------------------
*Sponsored By * TVC Capital LLC (www.tvccapital.com) Investments and acquisitions of growing software companies. Silicon Valley Bank (http://www.svb.com). Make next happen now. Key info (http://www.keyinfo.com) infrastructure ~ connectivity ~ co-location ~ cloud Shimokaji IP (http://www.shimokaji.com) Bettering Life Through Creative Ideas Singer Lewak (http://www.singerlewak.com) Accounting and Consulting for Growing and Innovative Businesses ------------------------------ *Headlines * - Arrowroot Capital Raises $177M Fund For Software Investments <#m_-4213899363411134459_0072776> - CombiMatrix Acquired By Invitae For $34.9M <#m_-4213899363411134459_0072774> - Faraday Future Loses Three Executives <#m_-4213899363411134459_0072773> - Toshiba America Business Solutions Buys Electro Imaging Systems <#m_-4213899363411134459_0072775> - Arrivo Eyes High Speed Transportation Network In Colorado <#m_-4213899363411134459_0072771> - Borrow Debuts New, Short Term Subscription EV Service <#m_-4213899363411134459_0072770> - XCOR Aerospace Files For Chapter 7 <#m_-4213899363411134459_0072760> - TenOneTen Backs TrueAccord For Debt Collection Technology <#m_-4213899363411134459_0072759> - Fullscreen Media Shuts Down Video On Demand Service <#m_-4213899363411134459_0072756> - OncoSec Raises $9.3M Via Warrant Exercise <#m_-4213899363411134459_0072755> *Marketplace* - Square 1 Bank <#m_-4213899363411134459_ad695> - Stradling <#m_-4213899363411134459_ad608> - Early Stage Commercial Insurance - Pacific Unified Insurance Agency <#m_-4213899363411134459_ad596> - Try 2 months with better backups - KeyCloud <#m_-4213899363411134459_ad723> *Wednesday, November 15, 2017* *Oracle <http://www.oracle.com>* 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]). *Arrowroot Capital Raises $177M Fund For Software Investments* <https://www.socaltech.com/fullstory/0072776.html> Santa Monica-based Arrowroot Capital Management announced today that it has raised a $177M, third fund, Arrowroot Capital II, L.P., to invest in growth equity for enterprise software companies. According to the firm, led by founder and managing partner Matthew Safaii, it is focused on growth capital for healthy, recurring revenue enterprise software companies in the lower-middle market. (More... <https://www.socaltech.com/fullstory/0072776.html>) *CombiMatrix Acquired By Invitae For $34.9M* <https://www.socaltech.com/fullstory/0072774.html> Irvine-based CombiMatrix, which had developed genetic testing technology for the pediatric and prenatal disorder area, has been acquired by Invitae, in a deal worth approximately $34.9M in stock. Invitae, which is based in San Francisco, said the acquisition will bolster its efforts in the family and reproductive health genetic information area. (More... <https://www.socaltech.com/fullstory/0072774.html>) *Faraday Future Loses Three Executives* <https://www.socaltech.com/fullstory/0072773.html> Los Angeles-based electric car developer Faraday Future, even after dramatically scaling back its ambitious plans, appears to be circling the drain--losing three executives, including its CFO, CTO, and head of its manufacturing line. (More... <https://www.socaltech.com/fullstory/0072773.html>) *Toshiba America Business Solutions Buys Electro Imaging Systems* <https://www.socaltech.com/fullstory/0072775.html> Lake Forest-based Toshiba America Business Solutions, which manufactures business copiers and office equipment, says it has acquired Electro Imaging Systems, an independent office equipment dealer based in Livermore, California. Financial details of the acquisition were not announced. Toshiba America Business Solutions said the move is part of a return to strategic acquisitions by the company, and is its first acquisition since 2008. (More... <https://www.socaltech.com/fullstory/0072775.html>) *Arrivo Eyes High Speed Transportation Network In Colorado* <https://www.socaltech.com/fullstory/0072771.html> Los Angeles-based Arrivo, the Hyperloop transportation developer led by former Hyperloop One CTO Brogan BamBrogan, says it has inked a deal with the Colorado Department of Transportation, to conduct a feasibility study for a "tube" network around the Denver metro area. Financial details of the effort were not announced. (More... <https://www.socaltech.com/fullstory/0072771.html>) *Borrow Debuts New, Short Term Subscription EV Service* <https://www.socaltech.com/fullstory/0072770.html> West Hollywood-based automotive startup BORROW has launched a new, subscription service which gives users access to a pre-owned, electric vehicle (EV) through short term leases, the company said this week. According to Borrow, it allows customers to "subscribe" to short term, three, six, or nine month renewable subscriptions to such vehicles as the Nissan Leaf, BMW i3, or Tesla Model S. (More... <https://www.socaltech.com/fullstory/0072770.html>) *XCOR Aerospace Files For Chapter 7* <https://www.socaltech.com/fullstory/0072760.html> Mojave-based XCOR Aerospace has filed for Chapter 7 bankruptcy, and will be liquidated, according a court filing by the company filed last week. XCOR had been one of a number of companies in Southern California pursuing the commercial space market. The bankruptcy follows a layoff of all of the company's employees in July, when it said it was unable to raise money to further fund its spacecraft development efforts. At the time of the layoffs, it said it would be continuing to look for funding. (More... <https://www.socaltech.com/fullstory/0072760.html>) *TenOneTen Backs TrueAccord For Debt Collection Technology* <https://www.socaltech.com/fullstory/0072759.html> Los Angeles-based venture capital investor TenOneTen Ventures is one of the backers in a round for consumer debt collection technology startup TrueAccord, which was announced this morning. The Series B funding for San Francisco-based TrueAccord was worth $22M, and was led by Arbor Ventures. Other investors in the round, aside from TenOneTen, are Nyca Investment Partnership, Assurant Growth Investing, Caffeinated Capital Fund, Felicis Venture and Crystal Towers. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showdeal&id=88933> )(More... <https://www.socaltech.com/fullstory/0072759.html>) *Fullscreen Media Shuts Down Video On Demand Service* <https://www.socaltech.com/fullstory/0072756.html> Los Angeles-based Fullscreen Media says it is shutting down its video on demand service, and instead putting its resources into its other efforts, after a two year run. According to reports, about 25 employees are being laid off as a result of the shutdown of the service, which had offered up access to subscription content for $6 a month. (More... <https://www.socaltech.com/fullstory/0072756.html>) *OncoSec Raises $9.3M Via Warrant Exercise* <https://www.socaltech.com/fullstory/0072755.html> San Diego-based cancer immunotherapy developer OncoSec Medical says it has raised $9.3M via a warrant exercise agreement. The publicly traded company (NASDAQ: ONCS) said the deal allows holders of outstanding warrants to purchase up to 5,509,642 of its common stock at $1.69 per share. The company said the funds received in the warrant exercise will go towards working capital and general corporate purposes, a clinical trial, and other research and development. (More... <https://www.socaltech.com/fullstory/0072755.html>) *Square 1 Bank <http://www.square1bank.com>* 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]. *Stradling <http://www.sycr.com>* Stradling, Attorneys At Law (<a href="http://www.sycr.com";>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. *Early Stage Commercial Insurance - Pacific Unified Insurance Agency <[email protected]>* 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] *Try 2 months with better backups - KeyCloud <http://www.keyinfo.com/braas-free-trial/>* Right now, sign up for 2 months FREE Cloud Backup and Recovery services with KeyCloud. The most important part of your backups isn’t the taking of that backup, but the guaranteed ability to recover and restore. KeyCloud Backup and Recovery as a Service (BRaaS) is hosted on enterprise grade technology and performs “0” downtime backups, a capability unique to KeyCloud. Including software, offsite storage and support, KeyCloud BRaaS causes NO IMPACT on your daily business or production, and gives you the confidence of having a solid cloud resiliency plan in place. 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/ ------------------------------ *Recent Funding <#m_-4213899363411134459_funding>* 11/09/17 ScoreStream, Inc. <http:///intelligence/?action=showdeal&id=88930> San Diego $0.00 M 11/07/17 Tear Film Innovations <http:///intelligence/?action=showdeal&id=88846> San Diego $9.00 M 11/07/17 PROGENITY, INC. <http:///intelligence/?action=showdeal&id=88857> San Diego $125.00 M 11/06/17 Aquam <http:///intelligence/?action=showdeal&id=88845> San Diego $26.00 M 11/06/17 QLess <http:///intelligence/?action=showdeal&id=88844> Pasadena $5.50 M 11/03/17 Wiliot <http:///intelligence/?action=showdeal&id=88842> San Diego $5.00 M 11/03/17 Globality <http:///intelligence/?action=showdeal&id=88841> Menlo Park $35.00 M 11/02/17 Wiliot <http:///intelligence/?action=showdeal&id=88843> San Diego $14.00 M 11/02/17 Onica <http:///intelligence/?action=showdeal&id=88840> Santa Monica $20.00 M 11/01/17 DermTech International <http:///intelligence/?action=showdeal&id=88818> La Jolla $10.00 M 10/23/17 SmartDrive <http:///intelligence/?action=showdeal&id=88489> San Diego $0.00 M 10/23/17 Cloud9 Esports, Inc. <http:///intelligence/?action=showdeal&id=88592> Santa Monica $25.00 M 10/20/17 Fair <http:///intelligence/?action=showdeal&id=88488> Santa Monica $1000.00 M 10/17/17 PlutoTV <http:///intelligence/?action=showdeal&id=88291> Los Angeles $5.00 M ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html November 15, Westlake Village -- *Solving Problems or ProducingOutcomes?* *NEW* . See http://www.socaltech.com/calendar/eventid/25958 November 15, Los Angeles -- *LA CoMotion* LA CoMotion. LA CoMotion brings together the brave new world of the urban mobility revolution — a revolution that is set to transform every city in the world, large and small. Global mayors, leading technologists, public transport operators and venture capitalists, start-ups and established players — the entire landscape of new urban mobility will be present in November for LA CoMotion. Five days of immersive and inspirational talks, demos, test drives and exhibitions — a glimpse into our new urban future. Seee http://www.lacomotion.com/. See http://www.socaltech.com/calendar/eventid/25947 November 16, Playa Vista -- *Leveraging Machine Learning and DataScience to Drive Business Results* Leveraging Machine Learning and Data Science to Drive Business Results. AITP. Tony Karrer, Founder/CEO of TechEmpower & CTO of Aggregage Jon Morra, VP Data Science, ZEFR Jeong-Yoon Lee, Technical Evangelist, Microsoft These well-known technology executives will share an overview of cutting-edge technologies used in data science/machine learning and will provide multiple use cases on how the technologies are being implemented -- such as predictive data analytics, fraud detection, and computer vision/image recognition. This joint event between AITP-LA, Technology Council of Southern California, and the CTO Forum promises many technology insights as well as outstanding networking.. See http://www.socaltech.com/calendar/eventid/25918 November 16, Playa Vista -- *Leveraging Machine Learning and DataScience to Drive Business Results* Leveraging Machine Learning and Data Science to Drive Business Results. AITP Los Angeles and Technology Council of Southern California. The new technology landscape with origins in data science opens many new possibilities. Our November event will provide insights on the many emerging trends. Speakers: Tony Karrer, Founder/CEO of TechEmpower & Founder/CTO of Aggregage; Jon Morra, VP Data Science, ZEFR; Jeong-Yoon Lee, Technical Evangelist, Microsoft. These well-known technology executives will share an overview of cutting-edge technologies used in data science/ machine learning and will provide multiple use cases on how the technologies are being implemented -- such as predictive data analytics, fraud detection, and computer vision/image recognition. See http://www.socaltech.com/calendar/eventid/25953 November 16, Los Angeles -- *LAVA Digital Media: AI + Media &Entertainment* *NEW* . See http://www.socaltech.com/calendar/eventid/25956 November 16, Woodland Hills -- *The Valley Economic ForecastBreakfast* The Valley Economic Forecast Breakfast. The San Fernando Valley Business Journal and California Lutheran University’s Center for Economic Research and Forecasting. For the first time, Matthew Fienup of Cal Lu’s highly regarded Center for Economic Research and Forecasting will provide an economic outlook specifically tailored to the San Fernando Valley. At this forecast breakfast at Ruth’s Chris, you will learn how the Valley’s economy will compare to the rest of the region and how last year’s elections changed the trajectory of the economy. See http://www.socaltech.com/calendar/eventid/25924 November 16, Los Angeles -- *LA CoMotion* LA CoMotion. LA CoMotion brings together the brave new world of the urban mobility revolution — a revolution that is set to transform every city in the world, large and small. Global mayors, leading technologists, public transport operators and venture capitalists, start-ups and established players — the entire landscape of new urban mobility will be present in November for LA CoMotion. Five days of immersive and inspirational talks, demos, test drives and exhibitions — a glimpse into our new urban future. Seee http://www.lacomotion.com/. See http://www.socaltech.com/calendar/eventid/25948 November 16, Los Angeles -- *NextUp: Pop! Bursting the CaliforniaWater Bubble - BizFed Institute* NextUp: Pop! Bursting the California Water Bubble. The NextUp Economic Forum presents a multi-part series exploring the impacts of California's population change and growth on vital resources and the economy. See http://www.socaltech.com/calendar/eventid/25952 November 17, Los Angeles -- *LA CoMotion* LA CoMotion. LA CoMotion brings together the brave new world of the urban mobility revolution — a revolution that is set to transform every city in the world, large and small. Global mayors, leading technologists, public transport operators and venture capitalists, start-ups and established players — the entire landscape of new urban mobility will be present in November for LA CoMotion. Five days of immersive and inspirational talks, demos, test drives and exhibitions — a glimpse into our new urban future. Seee http://www.lacomotion.com/. See http://www.socaltech.com/calendar/eventid/25949 November 18, Los Angeles -- *LA CoMotion* LA CoMotion. LA CoMotion brings together the brave new world of the urban mobility revolution — a revolution that is set to transform every city in the world, large and small. Global mayors, leading technologists, public transport operators and venture capitalists, start-ups and established players — the entire landscape of new urban mobility will be present in November for LA CoMotion. Five days of immersive and inspirational talks, demos, test drives and exhibitions — a glimpse into our new urban future. Seee http://www.lacomotion.com/. See http://www.socaltech.com/calendar/eventid/25950 November 19, Los Angeles -- *LA CoMotion* LA CoMotion. LA CoMotion brings together the brave new world of the urban mobility revolution — a revolution that is set to transform every city in the world, large and small. Global mayors, leading technologists, public transport operators and venture capitalists, start-ups and established players — the entire landscape of new urban mobility will be present in November for LA CoMotion. Five days of immersive and inspirational talks, demos, test drives and exhibitions — a glimpse into our new urban future. Seee http://www.lacomotion.com/. See http://www.socaltech.com/calendar/eventid/25951 November 27, Los Angeles -- *Los Angeles Auto Show* Los Angeles Auto Show. AutoMobility LA is the new auto industry’s first true trade show converging the technology and automotive industries to launch new products and technologies and discuss the most pressing issues surrounding the future of transportation and mobility. It provides a space to connect with investors, tech influencers, automakers and more in the days preceding the LA Auto Show, with manufacturer vehicle debuts intermixed. . See http://www.socaltech.com/calendar/eventid/25710 November 29, Venice -- *Silicon Beach Networking Mixer At Wurstkuchein Venice* Silicon Beach Networking Mixer At Wurstkuche in Venice. Join the fastest growing startup and tech community in Los Angeles! Meet new people and participate in lively discussions with outstanding names in the Silicon Beach community. Register immediately for an early bird ticket. See http://www.socaltech.com/calendar/eventid/25890 December 1, Los Angeles -- *Los Angeles Auto Show* Los Angeles Auto Show. Founded in 1907, the Los Angeles Auto Show (LA Auto Show), is one of the most influential and best-attended auto shows globally and spans more than 870,000 square feet. Each fall, show creator ANSA Productions gathers the who’s who of the auto industry to unveil the future of mobility in the car culture capital of the world. See http://www.socaltech.com/calendar/eventid/25914 December 6, Los Angeles -- *10th Annual Digital FamilyReunion* *NEW* . See http://www.socaltech.com/calendar/eventid/25957 December 13, Venice -- *Silicon Beach Networking Mixer At Wurstkuchein Venice* Silicon Beach Networking Mixer At Wurstkuche in Venice. Join the fastest growing startup and tech community in Los Angeles! Meet new people and participate in lively discussions with outstanding names in the Silicon Beach community. Register immediately for an early bird ticket. See http://www.socaltech.com/calendar/eventid/25887 ------------------------------ *Recent Job Postings * More jobs at http://www.socaltech.com/Jobs CFO or VP Finance <http:///showjob.php?id=5698> withheld Product Engineer I <http:///showjob.php?id=5697> Aerovironment Head of CRM Marketing <http:///showjob.php?id=5696> Thrive Market Accounts Payable Specialist <http:///showjob.php?id=5695> Snap Inc. Hardware Development Manager <http:///showjob.php?id=5694> SpaceX Cloud Management Architect <http:///showjob.php?id=5693> Withheld Engineering Mgr, Electrical Hardware. Aerospace. Valencia <http:///showjob.php?id=5691> withheld Sr. DevOps Engineer near Hollywood, CA at Awesome Startup <http:///showjob.php?id=5690> ZestFinance Director, Product Management, Video <http:///showjob.php?id=5689> OpenX Vice President, Investor Relations <http:///showjob.php?id=5688> Rubicon Project Senior Accountant, Technical Accounting <http:///showjob.php?id=5687> Snap Inc. Development Test Engineer <http:///showjob.php?id=5686> SpaceX Quality Assurance Engineer <http:///showjob.php?id=5685> Leaf Group Associate Recruiter <http:///showjob.php?id=5684> Safire Partners Senior Product Development Manager <http:///showjob.php?id=5680> Belkin ------------------------------ ------------------------------ *Sponsored By * TVC Capital LLC (www.tvccapital.com) Investments 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. PricewaterhouseCoopers (http://www.socaltech.com/pwc). Key info (http://www.keyinfo.com) infrastructure ~ connectivity ~ co-location ~ cloud Shimokaji IP (http://www.shimokaji.com) Bettering Life Through Creative Ideas Neohire South (http://www.neohiresouth.com) Scaling startups since 2007. The #1 most connected recruiting firm in LA. Singer Lewak (http://www.singerlewak.com) Accounting and Consulting for Growing and Innovative Businesses 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
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