*socaltech.com <http://socaltech.com> TechNews - Wednesday, January 31, 2018* 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. 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 ------------------------------ *Headlines * - On Assignment Acquires ECS Federal For $775M <#m_6002693061774634275_0073557> - Airgain Links With Formula 1's McLaren Technology Group <#m_6002693061774634275_0073558> - Mammoth Media Finds $13M For Mobile Entertainment <#m_6002693061774634275_0073556> - Tinder Can't Charge Older Users More, Says Court <#m_6002693061774634275_0073555> - Fair.com Acquires Uber's Leasing Portfolio <#m_6002693061774634275_0073553> - SpaceX Calls Off Launch, To Try Again <#m_6002693061774634275_0073551> - Loot Crate Sued Over Sexual Harassment, As It Seeks Investors <#m_6002693061774634275_0073550> - Moonshots Capital Leads Investment In Startup Uncovering Propaganda, Bot Farms <#m_6002693061774634275_0073548> - Wag Fetches Massive, $300M Funding Round <#m_6002693061774634275_0073544> - Moonshots Capital Gets Acquisition At Edbacker <#m_6002693061774634275_0073542> - Elevate Names Chief Credit Officer, Boosts San Diego Offices <#m_6002693061774634275_0073540> *Marketplace* - Oracle <#m_6002693061774634275_ad683> - Square 1 Bank <#m_6002693061774634275_ad695> - Neohire South <#m_6002693061774634275_ad720> - Stubbs Alderton & Markiles Preccelerator <#m_6002693061774634275_ad694> - Oracle <#m_6002693061774634275_ad683> - Recurring Revenue Conference 2018 - April 12 - LA <#m_6002693061774634275_ad730> *Wednesday, January 31, 2018* *Support Our News Coverage - Become A Member Today! <https://www.socaltech.com/Membership>* 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 *On Assignment Acquires ECS Federal For $775M* <https://www.socaltech.com/fullstory/0073557.html> Calabasas-based temporary IT and professional services provider On Assignment said this morning that it has agreed to acquire Fairfax, Virginia-based ECS Federal, a privately held government contractor, for $775M in cash. On Assignment said it acquired ECS Federal from Roy Kapani, the company's majority owner and founder. ECS provides cyber security, cloud, DevOps, IT, and other services to the government. ECS had an estimated revenue of $586. (More... <https://www.socaltech.com/fullstory/0073557.html>) *Airgain Links With Formula 1's McLaren Technology Group* <https://www.socaltech.com/fullstory/0073558.html> San Diego-based wireless technology developer Airgain and Formula 1 team McLaren Technology Group said today that the two are in a multi-year partnership, where the two will work on on-car and off-car wireless technology. Financial details of the partnership were not announced. According to the two, Airgain will use its expertise in high performance antenna systems towards technology advancement in the automotive sector. ( More... <https://www.socaltech.com/fullstory/0073558.html>) *Mammoth Media Finds $13M For Mobile Entertainment* <https://www.socaltech.com/fullstory/0073556.html> Los Angeles-based *Mammoth Media <http://mammoth.la>*, a startup that says it is developing mobile-first media, has raised $13M in a Series A funding round, the company disclosed on Tuesday. The company, co-founded by CEO Benoit Vatere, and incubated at venture studio Science Inc., said the funding was led by Greylock Partners and also included Science Inc. Greylock's Josh Elman joins the company's board as part of the funding. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showdeal&id=89894> )(More... <https://www.socaltech.com/fullstory/0073556.html>) *Tinder Can't Charge Older Users More, Says Court* <https://www.socaltech.com/fullstory/0073555.html> Los Angeles-based dating app developer Tinder should not be allowed to charge extra for older users to use the app, according to an appeal court ruling, issued Monday. According to the Court of Appeal of the State of California, Second Appellate District, which is located in Los Angeles, Tinder's pricing scheme violates age discrimination laws in California. ( More... <https://www.socaltech.com/fullstory/0073555.html>) *Fair.com Acquires Uber's Leasing Portfolio* <https://www.socaltech.com/fullstory/0073553.html> Los Angeles-based auto leasing startup Fair, led by startup veteran Scott Painter, has acquired the auto leasing portfolio of Uber, including both vehicles and existing leases, Uber said on Tuesday. Fair--backed by more than $1 billion in funding from such investors as BMW i Ventures, Penske Automotive Group, Sherpa Capital, and others, operates a service which helps people gain access to a car, which they pay for using monthly payments, with no long term commitments. (More... <https://www.socaltech.com/fullstory/0073553.html>) *SpaceX Calls Off Today's Launch, To Try Again Tomorrow* <https://www.socaltech.com/fullstory/0073551.html> Los Angeles-based SpaceX, the space rocket developer led by Elon Musk, has pushed off its launch of the GovSat-1 satellite until tomorrow, January 31st, after an issue with a second stage sensor. SpaceX, which had been aiming at a launch at 4:25 p.m. EST, did not provide any other details on what issue had been encountered in its launch attempt. SpaceX is looking to deliver the GovSat-1 satellite into geosynchronous orbit. (More... <https://www.socaltech.com/fullstory/0073551.html>) *Loot Crate Sued Over Sexual Harassment, As It Seeks Investors* <https://www.socaltech.com/fullstory/0073550.html> Los Angeles-based Loot Crate, which operates a monthly, subscription service that sends videogame- and geek-related "boxes" to its subscribers, has been named in a sexual harassment lawsuit, which was filed in the Los Angeles County Superior Court this month. The lawsuit, JANE DOE v. LOOT CRATE INC. (More... <https://www.socaltech.com/fullstory/0073550.html>) *Moonshots Capital Leads Investment In Startup Uncovering Propaganda, Bot Farms* <https://www.socaltech.com/fullstory/0073548.html> Los Angeles-based Moonshots Capital is the lead investor in the seed round of a startup, New Knowledge, which developed the artificial intelligence software which uncovered a large-scale Russian effort to influence U.S. presidential elections. According to New Knowledge, it has raised $1.9M in a seed funding, which was led by Moonshots Capital, and also included participation from Haystack, GGV Capital, Geekdom Fund, Capital Factory and Spitfire Ventures. (More... <https://www.socaltech.com/fullstory/0073548.html>) *Wag Fetches Massive, $300M Funding Round* <https://www.socaltech.com/fullstory/0073544.html> Los Angeles-based on-demand, dog walking startup Wag has raised an enormous, $300M funding round, the company announced Tuesday morning. Wag said the funding comes from SoftBank Vision Fund. As part of the funding, the company said it has named Hilary SChneider as its new CEO. Wag--founded in 2015 by Joshua and Jonathan Viner--says its services are now available in more than 100 cities nationwide. (Funding Details <https://www.socaltech.com/intelligence/?action=showdeal&id=89831>)(More... <https://www.socaltech.com/fullstory/0073544.html>) *Moonshots Capital Gets Acquisition At Edbacker* <https://www.socaltech.com/fullstory/0073542.html> Los Angeles-based venture investment firm Moonshots Capital, which is led by Kelly Perdew, has scored an exit at portfolio company Edbacker. Edbacker, a developer of fundraising tools for school districts, has been acquired by Austin, Teas-based LivingTree, another developer of software for fundraising and parent engagement for schools. Financial details of the acquisition were not announced. (More... <https://www.socaltech.com/fullstory/0073542.html>) *Elevate Names Chief Credit Officer, Boosts San Diego Offices* <https://www.socaltech.com/fullstory/0073540.html> Online lending provider Elevate, which has its research and analytics center in San Diego, has named the former Chief Credit Officer of PayPal to the position at the company, based in San Diego. According to Elevate, which had an IPO in April of 2017, it has named Brian Biglin as Chief Credit Officer, to lead the company's technology and proprietary risk team. Biglin was most recently CEO of Pacific Credit Group, and also served as Chief Risk Officer at loanDepot.com and at Intuit. (More... <https://www.socaltech.com/fullstory/0073540.html>) *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]). *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]. *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 *Stubbs Alderton & Markiles Preccelerator <http://stubbsalderton.com/preccelerator/>* Accelerating Growth for Early Stage Innovation The Preccelerator® Program is a platform offered to select start-up companies out of the Santa Monica office of Stubbs Alderton & Markiles, LLP that provides interim office space, sophisticated legal services, mentorship and access to a strategic perks portfolio with the objective of helping you grow your idea from business concept to funded startup. The Preccelerator® Program provides these benefits to as many as 10 promising young startups in separate growth tracks. http://stubbsalderton.com/preccelerator/ *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]). *Recurring Revenue Conference 2018 - April 12 - LA <https://www.eventbrite.com/e/recurring-revenue-conference-2018-tickets-39268937449?mc_cid=baa792f715&mc_eid=2cd2c15b76>* Sutton Capital Partners is proud to present the fourth annual RECURRING REVENUE CONFERENCE. We invite entrepreneurs, executives and investors who want to learn about the latest innovations, business models and customer retention to achieve explosive growth. Whether you are a SaaS or subscription business, or if customer retention is critical for your success, this is the premier Southern California event to learn from the tech pioneers. Today’s analytical insights, coupled with disciplined tactics are enabling companies to deepen their customer relationships in unparalleled ways. Come hear from experts who are successfully growing their industry-leading companies, as well as from the investors backing them. Register today! https://www.eventbrite.com/e/recurring-revenue-conference- 2018-tickets-39268937449?mc_cid=baa792f715&mc_eid=2cd2c15b76 ------------------------------ *Recent Funding <#m_6002693061774634275_funding>* 1/30/18 Mammoth Media <http:///intelligence/?action=showdeal&id=89894> Los Angeles $13.00 M 1/30/18 Wag <http:///intelligence/?action=showdeal&id=89831> Los Angeles $300.00 M 1/29/18 Hoopo <http:///intelligence/?action=showdeal&id=89828> Santa Monica $1.50 M 1/26/18 Songtradr, Inc. <http:///intelligence/?action=showdeal&id=89817> West Hollywood $4.00 M 1/26/18 Skydance Media <http:///intelligence/?action=showdeal&id=89815> Marina Del Rey $0.00 M 1/24/18 Bonti, Inc. <http:///intelligence/?action=showdeal&id=82752> Newport Beach $15.50 M 1/24/18 Appetize <http:///intelligence/?action=showdeal&id=89799> Los Angeles $20.00 M 1/23/18 Skylar Body <http:///intelligence/?action=showdeal&id=89816> Venice $3.00 M 1/22/18 Mars Reel <http:///intelligence/?action=showdeal&id=89635> Los Angeles $2.70 M 1/22/18 PacketFabric <http:///intelligence/?action=showdeal&id=89637> Culver City $25.00 M 1/22/18 Greenfly <http:///intelligence/?action=showdeal&id=89675> Santa Monica $8.50 M 1/19/18 Restaurant365 <http:///intelligence/?action=showdeal&id=89632> Irvine $20.00 M 1/18/18 Unitas Global <http:///intelligence/?action=showdeal&id=89550> Los Angeles $10.00 M 1/17/18 Originate Inc <http:///intelligence/?action=showdeal&id=89438> Los Angeles $0.00 M ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html February 1, San Diego -- *CONNECT 2018 International DemoDay* *NEW* . See http://www.socaltech.com/calendar/eventid/25992 February 5, Marina Del Rey -- *2018 Digital Entertainment World -Digital Entertainment World* Digital Entertainment World (DEW2018). Recognized by Hollywood insiders, digital influencers and industry leaders throughout the world as a "must-attend" event, now in its 5th year Digital Entertainment World (DEW) is where you want to be if you are in the business of creating or monetizing digital entertainment content. DEW 2018 focuses on "The FUTURE of..." and will cover topics from OTT to Innovation to eSports to Millennials to Content Marketing to VR/AR to Music Rights to Startups, etc., as this theme guides all talks, discussions, meetings and presentations over the two days. This year's event will be held in the hip and modern Marina del Rey Marriott just steps from the beach and located in the heart of LA's thriving Silicon Beach with easy access to Santa Monica, Venice and Playa Vista. The event includes keynotes, fireside chats, presentations, panel discussions, tech demos, startup competition, innovative exhibitions, daily DJ music and performers and the best networking in the hotel's Sinder Lounge. See http://www.socaltech.com/calendar/eventid/25977 February 6, Marina Del Rey -- *2018 Digital Entertainment World -Digital Entertainment World* Digital Entertainment World (DEW2018). Recognized by Hollywood insiders, digital influencers and industry leaders throughout the world as a "must-attend" event, now in its 5th year Digital Entertainment World (DEW) is where you want to be if you are in the business of creating or monetizing digital entertainment content. DEW 2018 focuses on "The FUTURE of..." and will cover topics from OTT to Innovation to eSports to Millennials to Content Marketing to VR/AR to Music Rights to Startups, etc., as this theme guides all talks, discussions, meetings and presentations over the two days. This year's event will be held in the hip and modern Marina del Rey Marriott just steps from the beach and located in the heart of LA's thriving Silicon Beach with easy access to Santa Monica, Venice and Playa Vista. The event includes keynotes, fireside chats, presentations, panel discussions, tech demos, startup competition, innovative exhibitions, daily DJ music and performers and the best networking in the hotel's Sinder Lounge. See http://www.socaltech.com/calendar/eventid/25978 February 8, Irvine -- *TCVN: Structuring Your Company forSuccess* *NEW* . See http://www.socaltech.com/calendar/eventid/25991 February 22, San Diego -- *Fundraising for HealthTech* Fundraising for HealthTech. San Diego Venture Group. On raising early-stage capital in HealthTech and Life Sciences — plus a meet-and-greet with several of San Diego's most interesting HealthTech and Life Science startups. See http://www.socaltech.com/calendar/eventid/25986 ------------------------------ *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
_______________________________________________ Socaltech mailing list [email protected] http://listserv.socaltech.com/mailman/listinfo/socaltech
