*socaltech.com <http://socaltech.com> TechNews - Tuesday, December 19, 2017* Edited by Benjamin F. Kuo ISSN: 1524-6736 http://www.socaltech.com/News <https://www.socaltech.com/News> ------------------------------
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The #1 most connected recruiting firm in LA. ------------------------------ *Headlines * - Luna DNA, Led By Illumina Vets, Raises $2M For Blockchain Startup <#m_-5864353357238697876_0073128> - Virgin Hyperloop One Confirms $50M Funding, Branson As Chairman <#m_-5864353357238697876_0073127> - Cylance Names New CTO <#m_-5864353357238697876_0073126> - Xencor Names New Board Member <#m_-5864353357238697876_0073129> - Nuvve Raises Series A Funding To Connect EVs To The Power Grid <#m_-5864353357238697876_0073121> - Report: Virgin Hyperloop One Raises $50M, To Set Richard Branson As Chair <#m_-5864353357238697876_0073118> - FloQast In Major Expansion, Growth Push <#m_-5864353357238697876_0073113> *Marketplace* - Become a Socaltech Supporter! <#m_-5864353357238697876_ad724> - Square 1 Bank <#m_-5864353357238697876_ad695> - Oracle <#m_-5864353357238697876_ad683> - SoCal IP Law Group LLP - Serving the IP Needs of Technology Innovators <#m_-5864353357238697876_ad611> - Stradling <#m_-5864353357238697876_ad608> - Early Stage Commercial Insurance - Pacific Unified Insurance Agency <#m_-5864353357238697876_ad596> *Tuesday, December 19, 2017* *Luna DNA, Led By Illumina Vets, Raises $2M For Blockchain Startup* <https://www.socaltech.com/fullstory/0073128.html> San Diego-based Luna DNA, a new genomic information startup based on the Blockchain protocol, and led by veterans of Illumina, sas it has raised $2M in a seed funding round. According to Luna DNA, the funding came from individual investors and former executives from DNA sequencing equipment developer Illumina. Luna DNA says it is developing a genomic and medical research knowledge base powered by the blockchain. Blockchain is the underlying protocol used to power the Bitcoin cryptocurrency. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showco&id=56127>)( More... <https://www.socaltech.com/fullstory/0073128.html>) *Virgin Hyperloop One Confirms $50M Funding, Branson As Chairman* <https://www.socaltech.com/fullstory/0073127.html> Los Angeles-based Virgin Hyperloop One confirmed on Monday afternoon that it has raised $50M in new funding, and namd Sir Richard Branson as Chairman of the company. The new funding, a Series C round, came from Caspian Venture Capital and DP World. Virgin Hyperloop One says it has now raised a total of $295M since it was founded in 2014. According to Branson, the new investment by Caspian and DP World will help it pursue opportunities in key markets in the Middle East, Europe, and Russia. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showco&id=43092>)( More... <https://www.socaltech.com/fullstory/0073127.html>) *Cylance Names New CTO* <https://www.socaltech.com/fullstory/0073126.html> Irvine-based cybersecurity software developer *Cylance <http://www.cylance.com>* has named Rahul Kashyap as its new Global Chief Technology Officer, the company said on Monday. Kashyap, who has been at Cylance for a year, previously had served at Bromium and McAfee Labs. Cylance develops antivirus and endpoint protection software, which uses artificial intelligence to tackle malware and other threats. The company is led by longtime security veteran Stuart McClure.(More... <https://www.socaltech.com/fullstory/0073126.html>) *Xencor Names New Board Member* <https://www.socaltech.com/fullstory/0073129.html> Monrovia-based Xencor, which develops biopharmaceuticals using engineered monoclonal antibodies for the treatment of autoimmune diseases, asthma and allergic diseases and cancer, said today that it has named Richard Ranieri to its Board of Directors. Ranieri is Executive Vice President of Human Resources and Corporate Affairs at BioMarin. He also has served at Denderon Corporation, Sepracore, Neurocrine Biosciences, Inc., Genencor International, and Smithkline Beecham. (More... <https://www.socaltech.com/fullstory/0073129.html>) *Nuvve Raises Series A Funding To Connect EVs To The Power Grid* <https://www.socaltech.com/fullstory/0073121.html> San Diego-based Nuvve, a developer of technology which helps connect electric vehicles into the power grid for better balancing power consumption across the grid, has raised a Series A investment round. Size of that investment was not announced. The funding came from EDF Renewable Energy, and also included Toota Tsusho. (More... <https://www.socaltech.com/fullstory/0073121.html>) *Report: Virgin Hyperloop One Raises $50M, To Set Richard Branson As Chair* <https://www.socaltech.com/fullstory/0073118.html> A report this morning says that Los Angeles-based Virgin Hyperloop One is getting set to announced a new, $50M investment, and will be installing Sir Richard Branson as its new chairman. According to Axios, the funding comes as Virgin Hyperloop One was "running very low on cash". (More... <https://www.socaltech.com/fullstory/0073118.html>) *FloQast In Major Expansion, Growth Push* <https://www.socaltech.com/fullstory/0073113.html> Los Angeles-based accounting software developer FloQast is in a major expansion, saying this morning that it has relocated its headquarters to Sherman Oaks, and has tripled its office space. FloQast said the expansion comes as it now has more than 100 employees, including 20 in a Columbus, Ohio office. Floqast is a developer of close management software, used by accountants to close their books faster. The company is led by CEO and co-founder Michael Whitmire. (More... <https://www.socaltech.com/fullstory/0073113.html>) *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]. *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]). *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. *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] ------------------------------ *Recent Funding <#m_-5864353357238697876_funding>* 12/19/17 Virgin Hyperloop One <http:///intelligence/?action=showdeal&id=89116> Los Angeles $50.00 M 12/19/17 Luna DNA <http:///intelligence/?action=showdeal&id=89117> San Diego $2.00 M 12/14/17 Dreamscape Immersive, Inc. <http:///intelligence/?action=showdeal&id=89113> Santa Monica $30.00 M 12/14/17 Girlboss <http:///intelligence/?action=showdeal&id=89112> Los Angeles $3.10 M 12/13/17 Aspiration <http:///intelligence/?action=showdeal&id=89097> Marina Del Rey $47.00 M 12/13/17 Syndio <http:///intelligence/?action=showdeal&id=89111> Los Angeles $0.65 M 12/12/17 Slingshot Aerospace <http:///intelligence/?action=showdeal&id=89095> El Segundo $3.25 M 12/07/17 Metacrine <http:///intelligence/?action=showdeal&id=89091> San Diego $22.00 M 12/06/17 Prevoty <http:///intelligence/?action=showdeal&id=89090> Los Angeles $13.00 M 12/06/17 Asilomar Bio <http:///intelligence/?action=showdeal&id=89088> San Francisco $12.25 M 12/04/17 NanoCellect Biomedical, Inc. <http:///intelligence/?action=showdeal&id=89085> San Diego $10.00 M 11/30/17 Enjoius <http:///intelligence/?action=showdeal&id=89081> Los Angeles $1.40 M 11/30/17 TetraVue <http:///intelligence/?action=showdeal&id=89082> Vista $0.00 M 11/29/17 Transphorm, Inc. <http:///intelligence/?action=showdeal&id=89079> Goleta $15.00 M ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html ------------------------------ *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. 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