*socaltech.com <http://socaltech.com> TechNews - Monday, November 27, 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. Stubbs Alderton Markiles, LLP (http://www.stubbsalderton.com). Business. Technology. Law. Vision. 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 ------------------------------ *Headlines * - How Borrow Is Changing The Model Of Owning A Car, With Jon Alain Guzik <#m_-6239249135144515438_0072878> - Biolinq Raises $10M <#m_-6239249135144515438_0072879> - Elon Musk Wins $50M Bet With Lithium-Ion Battery Project In Australia <#m_-6239249135144515438_0072880> - Hacken Adds John McAfee As Advisor <#m_-6239249135144515438_0072881> - Aerie Pharmaceuticals Names Analytics Head <#m_-6239249135144515438_0072882> - Divergent 3D Raises $65M More <#m_-6239249135144515438_0072866> - Elon Musk's The Boring Company Raises Over $300k Via Hat Sales <#m_-6239249135144515438_0072868> - Cinedigm Investment Deal Clears CFIUS Review <#m_-6239249135144515438_0072867> - Illumina Wins Patent Infringement Suit In The UK <#m_-6239249135144515438_0072869> - Edmunds Names Editor-in-Chief <#m_-6239249135144515438_0072870> *Marketplace* - Neohire South <#m_-6239249135144515438_ad720> - Try 2 months with better backups - KeyCloud <#m_-6239249135144515438_ad723> - Become a Socaltech Supporter! <#m_-6239249135144515438_ad724> - Square 1 Bank <#m_-6239249135144515438_ad695> - SoCal IP Law Group LLP - Serving the IP Needs of Technology Innovators <#m_-6239249135144515438_ad611> - Stradling <#m_-6239249135144515438_ad608> *Monday, November 27, 2017* *How Borrow Is Changing The Model Of Owning A Car, With Jon Alain Guzik* <https://www.socaltech.com/fullstory/0072878.html> West Hollywood-based automotive startup BORROW (www.joinborrow.com) recently launched a new, subscription service which gives users access to a pre-owned, electric vehicle (EV) through short term leases, of only 3-, 6-, or 9- months. The startup is backed by MuckerLab, and led by CEO Jon Alain Guzik. We spoke to Jon about Borrow and what the company is up to with its service, and how it wants to change the model of owning a car. (More... <https://www.socaltech.com/fullstory/0072878.html>) *Biolinq Raises $10M* <https://www.socaltech.com/fullstory/0072879.html> San Diego-based Biolinq, a startup developing wireless-enabled, biosensor patches aimed at continually monitoring blood glucose levels, has raised $10M in a Series A funding, the company said this morning. The funding was led by M Ventures, and also included Hikma Ventures, Grey Sky Venture Partners, Three Leaf Ventures, LifeSci Venture Partners, as well as angels. (More... <https://www.socaltech.com/fullstory/0072879.html>) *Elon Musk Wins $50M Bet With Lithium-Ion Battery Project In Australia* <https://www.socaltech.com/fullstory/0072880.html> Elon Musk, the Los Angeles technology mogul behind such companies as Tesla Motors and SpaceX, has won a $50 million bet, after Tesla built a 129 megawatt (MW) hour Lithium battery farm in Australia to help ease power grid issues in that country. Musk had bet that Tesla would be able to build and install the battery farm in less than 100 days of signing a grid agreement with south Australia, which has been faced an ongoing blackout issue. (More... <https://www.socaltech.com/fullstory/0072880.html>) *Hacken Adds John McAfee As Advisor* <https://www.socaltech.com/fullstory/0072881.html> Los Angeles-based Hacken, a company developing a new "token" aimed at the cybersecurity field, said today that it has added IT and cybersecurity pioneer John McAfee as an advisor. Hacken said McAfee will assist the company in choosing the appropriate direction for business development, as well as supporting the project in technical issues. Hacken is developing a token aimed at compensating cybesecurity professionals who assist in bug bounties. (More... <https://www.socaltech.com/fullstory/0072881.html>) *Aerie Pharmaceuticals Names Analytics Head* <https://www.socaltech.com/fullstory/0072882.html> Irvine-based pharmaceuticals developer *Aerie Pharmaceuticals <http://www.aeriepharma.com>*, a pharmaceuticals firm developing treatments for glaucoma and other eye diseases, said it has named Nhi Ong as Director of Analytics. Ong was previously at Valeant Pharmaceuticals annd ThromboGenics. According to the company, Ong will be responsible for directing the information and analytics functions in support of Aerie's commercial organization.(More... <https://www.socaltech.com/fullstory/0072882.html>) *Divergent 3D Raises $65M More* <https://www.socaltech.com/fullstory/0072866.html> Los Angeles-based Divergent 3D, a developer of 3D metal printing technology for the manufacturing industry, has raised $65M more, with an option of an additional $40M in investment, the company said late Tuesday. The funding is being led by O Luxe Holdings Limited, and also includes Horizons Ventures, Shanghai Alliance Investment Limited and Altran Technologies. Divergent 3D said the aggregate funding round is worth $107M. (More... <https://www.socaltech.com/fullstory/0072866.html>) *Elon Musk's The Boring Company Raises Over $300k Via Hat Sales* <https://www.socaltech.com/fullstory/0072868.html> The Boring Company, the startup founded by tech mogul Elon Musk to develop the technology to dig transportation tunnels underneath Los Angeles and other cities, has so far raised over $300K from selling hats with the company's logo on it, according to Musk. The Boring Company had started selling the hats only a little bit over a month ago. Musk, on Twitter, jokingly called the sales its "Initial Hat Offering". (More... <https://www.socaltech.com/fullstory/0072868.html>) *Cinedigm Investment Deal Clears CFIUS Review* <https://www.socaltech.com/fullstory/0072867.html> Los Angeles-based Cinedigm, which distributes movies and other content to iTunes, Netflix, and Amazon, and others, said the majority investment deal from Bison Entertainment Investment Limited has been approved by the Committee on Foreign Investment in the United States (CFIUS). According to Cinedigm, the CFIUS said it will not take action to prevent, unwind, or require any modifications to the deal, which was announced on June 29th. Bison Capital is based in Hong Kong. (More... <https://www.socaltech.com/fullstory/0072867.html>) *Illumina Wins Patent Infringement Suit In The UK* <https://www.socaltech.com/fullstory/0072869.html> San Diego-based lifesciences equipment maker Illumina said late Tuesday that it has won a patent infringemnt it filed against Premaitha Health plc and Ariosa Diagnostics. Illumina said the favorable judgement was issued in the High Court of Justice, Chancery Division, Patents Court in the United Kingdom. (More... <https://www.socaltech.com/fullstory/0072869.html>) *Edmunds Names Editor-in-Chief* <https://www.socaltech.com/fullstory/0072870.html> Santa Monica-based automotive information site Edmunds has named a new Editor-in-Chief for its content, the company said on Tuesday. According to Edmunds, Alistair Weaver has been named Vice President of Editorial and Editor-in-Chief, to lead a team of over 30 content producers for Edmunds site and social platforms. (More... <https://www.socaltech.com/fullstory/0072870.html>) *Neohire South <http://www.neohiresouth.com>* 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 *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/ *Become a Socaltech Supporter!* Interested in letting Southern California's high tech community know you are here for them? Want to reach Southern California's movers and shakers? Become a SPONSOR or SOCALTECH SUPPORTER! Our sponsors and supporters are featured on our website, and online service provider directory, as well as in our newsletter multiple times per week. It's a great way to both get the word out about your services, as well as support our news coverage of local companies across the tech industry! Contact [email protected] for details. *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]. *SoCal IP Law Group LLP - Serving the IP Needs of Technology Innovators <http://www.socalip.com>* IP Litigation . IP Transactions . Patent & Trademark Prosecution . IP Strategy . Westlake Village . Santa Barbara . Irvine. [email protected] 805-230-1350 www.socalip.com *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. ------------------------------ *Recent Funding <#m_-6239249135144515438_funding>* 11/22/17 Divergent3D <http:///intelligence/?action=showdeal&id=88983> Los Angeles $65.00 M 11/21/17 HopSkipDrive <http:///intelligence/?action=showdeal&id=70908> South Pasadena $7.40 M 11/16/17 Inboard Technology <http:///intelligence/?action=showdeal&id=88941> Santa Cruz $8.00 M 11/15/17 Hopscotch Mobile <http:///intelligence/?action=showdeal&id=88940> Los Angeles $5.00 M 11/09/17 ScoreStream, Inc. <http:///intelligence/?action=showdeal&id=88930> San Diego $0.00 M 11/07/17 PROGENITY, INC. <http:///intelligence/?action=showdeal&id=88857> San Diego $125.00 M 11/07/17 Tear Film Innovations <http:///intelligence/?action=showdeal&id=88846> San Diego $9.00 M 11/06/17 QLess <http:///intelligence/?action=showdeal&id=88844> Pasadena $5.50 M 11/06/17 Aquam <http:///intelligence/?action=showdeal&id=88845> San Diego $26.00 M 11/03/17 Globality <http:///intelligence/?action=showdeal&id=88841> Menlo Park $35.00 M 11/03/17 Wiliot <http:///intelligence/?action=showdeal&id=88842> San Diego $5.00 M 11/02/17 Onica <http:///intelligence/?action=showdeal&id=88840> Santa Monica $20.00 M 11/02/17 Wiliot <http:///intelligence/?action=showdeal&id=88843> San Diego $14.00 M 11/01/17 DermTech International <http:///intelligence/?action=showdeal&id=88818> La Jolla $10.00 M ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html 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* 10th Annual Digital Family Reunion: Envisioning LA Tech in 2027. Please join us for the 10th Annual Digital Family Reunion: Envisioning LA Tech in 2027. If you've attended before, you already know the magic of DFR...and if this is your first, get ready to experience what happens when LA's entire tech community convenes to celebrate all that connects us. From Silicon Beach to DTLA and across So Cal, please join fellow digital media, entertainment and technology professionals for the event of the season -- and the decade. See http://www.socaltech.com/calendar/eventid/25957 December 12, Santa Monica -- *Book Launch Event for Media 2.0(18)with Peter Csathy* Book Launch Event for Media 2.0(18) with Peter Csathy. Media 2.0(18) : An Insider's Guide to Today's World of Digital Media & Where It's Going Peter Csathy's upcoming new book -- completely re-imagined and expanded for 2018 -- features exclusive interviews with 20 key CEOs, investors & influencers and takes you on a journey of how technology has transformed the world of content, offering a detailed snapshot of today’s digital media world — including Internet-driven over-the-top (OTT) video, music, virtual reality (VR), augmented reality (AR), and eSports. Csathy identifies today’s digital media leaders, identifies their strengths and risks, and names his “Fearless Five” companies that made the boldest and most audacious Media 2.0 moves in 2017. See http://www.socaltech.com/calendar/eventid/25964 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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