*socaltech.com <http://socaltech.com> TechNews - Friday, February 9, 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. PricewaterhouseCoopers (http://www.socaltech.com/pwc). Key info (http://www.keyinfo.com) infrastructure ~ connectivity ~ co-location ~ cloud Neohire South (http://www.neohiresouth.com) Scaling startups since 2007. The #1 most connected recruiting firm in LA. ------------------------------ *Headlines * - Report: Amazon Launching Package Delivery In LA, Aims At FedEx, UPS <#m_6492994190849122918_0073695> - NextWave Ventures Backs New AI Startup, Apical Technology <#m_6492994190849122918_0073692> - Clearlake Capital Backs Diligent <#m_6492994190849122918_0073691> - Viasat Wins United Airlines <#m_6492994190849122918_0073694> - Qualcomm Rejects Broadcom's New Takeover Proposal <#m_6492994190849122918_0073693> - LA's Brock Pierce Makes Forbes' Richest In Cryptocurrency List <#m_6492994190849122918_0073688> - LogMeIn Buys Jive Communications For $342M <#m_6492994190849122918_0073685> - Moonshots Capital Ramps Investment Pace With Lead On Two Investments <#m_6492994190849122918_0073684> - Unitas Global Acquires Solinea <#m_6492994190849122918_0073682> - GOAT Acquires Flight Club, Adds $60M In Funding Round <#m_6492994190849122918_0073676> *Marketplace* - Recurring Revenue Conference 2018—April 12, Marina del Rey Marriott <#m_6492994190849122918_ad731> - Pixelgate.net - Internet Access, Web Hosting, Network Services <#m_6492994190849122918_ad188> - Square 1 Bank <#m_6492994190849122918_ad695> - Oracle <#m_6492994190849122918_ad683> - SoCal IP Law Group LLP - Serving the IP Needs of Technology Innovators <#m_6492994190849122918_ad611> *Friday, February 9, 2018* *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. *Report: Amazon Launching Package Delivery In LA, Aims At FedEx, UPS* <https://www.socaltech.com/fullstory/0073695.html> E-commerce giant Amazon is reportedly launching a new, package delivery service in Los Angeles, its first move to compete head to head with FedEx and UPS, according to the Wall Street Journal. According to the report, Amazon's new delivery service for businesses is called "Shipping With Amazon" (SWA), and will directly pickup and deliver products for its third party merchants. No details on the new service have yet been announced by Amazon. (More... <https://www.socaltech.com/fullstory/0073695.html>) *NextWave Ventures Backs New AI Startup, Apical Technology* <https://www.socaltech.com/fullstory/0073692.html> Carlsbad-based NextWave Ventures, a venture capital investor which focuses on commercializing early stage technology, said it has launched a new artificial intelligence start, Apical Technology. Size of the investment in Apical Technology was not announced. According to NextWave, Apical Technology is developing a software platform which uses AI for equities trading. The startup was founded by Ron St. Onge and Jim St. Onge. (More... <https://www.socaltech.com/fullstory/0073692.html>) *Clearlake Capital Backs Diligent* <https://www.socaltech.com/fullstory/0073691.html> Santa Monica-based private equity investor Clearlake Capital Group, L.P. has made an investment in New York-based Diligent, a developer of enterprise governance management software. Size of the investment was not announced. According to the companies, Clearlake Capital Group made a strategic minority investment in Diligent, which is owned by another private equity investment firm, Insight Venture Partners. Insight Ventures acquired Diligent in February of 2016. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showco&id=56635>)( More... <https://www.socaltech.com/fullstory/0073691.html>) *Viasat Wins United Airlines* <https://www.socaltech.com/fullstory/0073694.html> Carlsbad-based satellite communications provider Viasat said on Thursday that it has inked a new contract with United Airlines, where it will bring its in-flight entertainment and connectivity systems to more than 70 of United's aircraft. According to ViaSat, the deal will install its satellite and other wireless networking systems on at least 58 of United's new Boeing 737MAX aircraft. Financial details of the win were not announced. (More... <https://www.socaltech.com/fullstory/0073694.html>) *Qualcomm Rejects Broadcom's New Takeover Proposal* <https://www.socaltech.com/fullstory/0073693.html> San Diego-based Qualcomm has rejected the new takeover proposal from Broadcom, saying Thursday that the proposal "materially undervalues Qualcomm" and "falls well short" of regulatory commitments, and has a "significant downside risk of a failed transaction." However, Qualcomm did say that it would be willing to meet with Broadcom to see if it can address those issues. Broadcom had upped its offer for Qualcomm to $82.00 per share, split between $60.00 in cash and $22 in stock, earlier this week. ( More... <https://www.socaltech.com/fullstory/0073693.html>) *LA's Brock Pierce Makes Forbes' Richest In Cryptocurrency List* <https://www.socaltech.com/fullstory/0073688.html> Wondering how much wealth has been generated from cryptocurrency out of the (many) Los Angeles early adopters of Bitcoin, Ethereum, and other Blockchain-based currencies? If you just count Brock Pierce, it's between $700 million and $1 billion--according to the Forbes Richest In Cryptocurrency list, which was published this week. Pierce--who is not the only LA investor in the Blockchain area--has backed such companies as Coinbase, Ethereum, and Mastercoin. (More... <https://www.socaltech.com/fullstory/0073688.html>) *LogMeIn Buys Jive Communications For $342M* <https://www.socaltech.com/fullstory/0073685.html> LogMeIn--which has significant operations in Santa Barbara, due to its acquisition of the Citrix GoToAssist, GoToMeeting, GoToMyPC, GoToTraining, GoToWebinar, and other businesses in 2016--has acquired Jive Communications, a developer of cloud-based phone systems for the Unified Communications (UC) market. LogMeIn announced the acquisition on Thursday morning. The deal was worth $342M in cash, plus another $15M in cash contingency payments, according to LogMeIn. (More... <https://www.socaltech.com/fullstory/0073685.html>) *Moonshots Capital Ramps Investment Pace With Lead On Two Investments* <https://www.socaltech.com/fullstory/0073684.html> Los Angeles- and Austin-based Moonshots Capital, the venture capital fund led by serial entrepreneur Kelly Perdew, is ramping its investment pace, with the first two formal investments out of its new fund. The two investments, both announced in January, were cyber-defense firm Threatcare, and bot detection developer New Knowledge. (More... <https://www.socaltech.com/fullstory/0073684.html>) *Unitas Global Acquires Solinea* <https://www.socaltech.com/fullstory/0073682.html> Los Angeles-based hybrid cloud operator Unitas Global said Thursday morning that it has acquired Solinea, which helps enterprises with cloud adoption. Financial details of the acquisition were not announced by the companies. According to Unitas Global, the addition of the Solinea team will help its position as a trusted advisor and partner to its clients. Solinea was based in San Francisco, with offices in New York City, South Korea, and Japan. ( More... <https://www.socaltech.com/fullstory/0073682.html>) *GOAT Acquires Flight Club, Adds $60M In Funding Round* <https://www.socaltech.com/fullstory/0073676.html> Los Angeles-based online sneaker marketplace GOAT is acquiring sneaker consignment shop operator Flight Club, and has a raised another $60M via a Series C funding, GOAT disclose this morning, as it looks to expand its footprint. Flight Club operates a consignment store that sells collectible sneakers, out of stores in New York and Los Angeles. According to GOAT, the funding came from Index Ventures, Accel Partners, Matrix Partners, Upfront Ventures, and others. (Funding Details <https://www.socaltech.com/intelligence/?action=showco&id=50794>)(More... <https://www.socaltech.com/fullstory/0073676.html>) *Recurring Revenue Conference 2018—April 12, Marina del Rey Marriott <http://www.recurringrevenueconference.com>* Presented by Sutton Capital Partners. Join 600+ entrepreneurs, SaaS and subscription innovators, leading VCs, private equity/angel investors and executives on April 12. 8am-5:30pm followed by cocktail reception. Register and use Promo Code: SocalTECH for 20% discount. Grab your ticket before prices go up February 15. Register at: http://www.recurringrevenueconference.com Questions: [email protected] *Pixelgate.net - Internet Access, Web Hosting, Network Services <http://www.pixelgate.net>* We put the "Service" back into Internet Service Provider. http://www.pixelgate.net *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 ------------------------------ *Recent Funding <#m_6492994190849122918_funding>* 2/08/18 GOAT <http:///intelligence/?action=showdeal&id=90089> Los Angeles $60.00 M 2/07/18 ZipRecruiter <http:///intelligence/?action=showdeal&id=60250> Santa Monica $50.00 M 2/06/18 Beauty By Design <http:///intelligence/?action=showdeal&id=90028> Los Angeles $2.20 M 2/05/18 SmartAction <http:///intelligence/?action=showdeal&id=90024> El Segundo $0.00 M 2/02/18 Bitvore <http:///intelligence/?action=showdeal&id=89970> Irvine $14.20 M 2/01/18 Epics.gg <http:///intelligence/?action=showdeal&id=89971> Los Angeles $2.00 M 2/01/18 Joymode <http:///intelligence/?action=showdeal&id=89926> Los Angeles $14.00 M 1/31/18 Scopely <http:///intelligence/?action=showdeal&id=89903> Culver City $125.00 M 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 Appetize <http:///intelligence/?action=showdeal&id=89799> Los Angeles $20.00 M ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html February 13, Irvine -- *OCTANe Coffee at The Cove: ABCs of Med Device Funding with Visionary Venture Fund* OCTANe Coffee at The Cove: ABC’s of Med Device Funding. Join us Tuesday, February 13th for a discussion about the ABC’s of med device funding and an inside look at the Visionary Venture Fund, which was rated top three most active venture funds in healthcare in 2017 by PWC. Coffee & quality bagels will be provided. See http://www.socaltech.com/calendar/eventid/25995 February 21, Santa moniac -- *Silicon Beach Networking Mixer at The Room In Santa Monica (Limited Free Drinks)* Silicon Beach Networking Mixer at The Room In Santa Monica (Limited Free Drinks). Wednesday, February 21st Starting at 6pm! Meet new people and participate in lively discussions with outstanding names in the Silicon Beach community. Make sure to bring your business cards and be ready to make awesome connections with people across all industries. We always have a great mix of people from Influencers to Startup CEO's and more. Register immediately for an early bird ticket. See http://www.socaltech.com/calendar/eventid/25999 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 March 8, Pasadena -- *SCALE 16x. The Sixteenth Annual Southern California Linux Expo.* SCALE 16x. The Sixteenth Annual Southern California Linux Expo. SCaLE 16X – the 16th annual Southern California Linux Expo – will take place on March. 8-11, 2018, at the Pasadena Convention Center. SCaLE 16X expects to host 150 exhibitors this year, along with nearly 130 sessions, tutorials and special events. SCaLE is the largest community-run open-source and free software conference in North America. It is held annually in the greater Los Angeles area. See http://www.socaltech.com/calendar/eventid/25960 March 8, Los Angeles -- *TechFair LA 2018* TechFair LA 2018. LA's Largest Technology Job Fair will be returning to LA for an even bigger and better event for the second year in a row, co-hosted by Comparably, Annenberg Foundation and Office of Mayor Eric Garcetti. Over 250 most prominent tech companies in attendence along with 10,000+ job-seekers in Engineering, Product, Sales, Marketing, Design and more attending. See http://www.socaltech.com/calendar/eventid/25987 ------------------------------ *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. 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