socaltech.com TechNews - Thursday, March 22, 2018 Edited by Benjamin F. Kuo ISSN: 1524-6736 http://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 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 ------------------------------------------------------------------------ --How Ordermark Is Taming The Chaos Of Online Restaurant Orders, With Alex Canter --Boring Co. Selected As Finalist For Chicago Tunnel System --Second Sight Medical Names New CFO --Kozmo.com Launches Online Grocery Delivery In LA --Connectiv Acquired By Accruent --Avalon Ventures Backs Averon For Mobile Identity Verification --Maco.la Targets Blockchain With New Investment Fund MARKETPLACE --Simplify Cloud Management - Multi-Cloud Command & Control from Key Info --Become a Socaltech Supporter! --Recurring Revenue Conference 2018—April 12, Marina del Rey Marriott --Neohire South --Square 1 Bank RECENT FUNDING EVENTS --------------------------------------------------------------------------- ** Apologies for the late, text-only newsletter -- software issues this morning! Stay dry everyone! Ben --------------------------------------------------------------------------- How Ordermark Is Taming The Chaos Of Online Restaurant Orders, With Alex Canter ---- If you run a restaurant, it turns out the move towards online ordering is a recipe for chaos--with multiple online order services and apps, all with their own way of getting orders to your restaurant. Santa Monica-based Ordermark (www.getordermark.com) is looking to tame that chaos with a system which takes all of those online orders, and feeds them into a single printer at a restaurant. We chatted with CEO and founder of Ordermark, Alex Canter, who tells us the story of how Ordermark actually grew out of LA's famed Canter's Deli, and the chaos of trying to handle online ordering at the landmark LA restaurant. Ordermark is venture backed by TenOneTen Ventures, Act One Ventures, Mucker Capital, and others. (More...) https://www.socaltech.com/how_ordermark_is_taming_the_chaos_of_online_restaurant_orders_with_alex_canter/s-0074150.html Boring Co. Selected As Finalist For Chicago Tunnel System ---- The Boring Company, the startup founded by Elon Musk to bore tunnels underneath cities for high speed transportation, is one of two companies now in the running to dig a tunnel underneath downtown Chicago, to O'Hare airport. According to local reports, The Boring Company now just faces one competitior, O'hare Express LLC, a consortium of companies made up of Meridiam, Antarctica Capital, JLC Infrastructure, Mott MacDonald, and First Transit. Second Sight Medical Names New CFO ---- Sylmar-based medical implant maker Second Sight Medical Products announced this morning that it has named John T. Blake as the company's new Chief Financial Officer. Blake was previously Senior Vice President at aTyr Pharma, and also served at Volcano Corporation and BD Biosciences. Blake replaces Thomas Miller, who had been CFO since 2014. Miller apparently had resigned as CFO in June of 2017, but had remained at his post until the company could find a new CFO. Kozmo.com Launches Online Grocery Delivery In LA ---- Kozmo.com, the 90's-era online grocery delivery service brand, is back--thanks to Los Angeles-based Yummy.com. According to Yummy.com, it launched the Kozmo.com online warehouse club on Wednesday in Los Angeles, offering up next-day delivery of bulk groceries, saying it will delivery fresh produce, meat and packaged groceries, health and beauty products, beer, wine and liquor through its service, at prices similar to a traditional warehouse club--but without a membership fee. Kozmo.com will charge a $5.99 delivery fee, and a $35 minimum order for its service, according to Yummy.com. Yummy.com is led by CEO Barnaby Montgomery. For now, the service is only available in Los Angeles; Yummy.com said it has plans to expand Kozmo.com to new markets by the end of the year. Connectiv Acquired By Accruent ---- La Jolla-based Connectiv, a developer of cloud-based, mobile software used by biomedical and clinical engineering groups to manage and control their medical devices and equipment, has been acquired by Austin, Texas-based Accruent. Financial terms of the buy were not announced. Accruent said the acquisition is its seventh in the past 24 months. Accruent was founded in Los Angeles a little over 22 years ago, but was acquired and moved to Texas in 2016. Avalon Ventures Backs Averon For Mobile Identity Verification ---- La Jolla-based venture investor Avalon Ventures is the lead investor in a round for San Francisco-based Averon, a developer of mobile identity verification software. Averon said today that it has raised $5M in a Series A1 funding round. The funding was led by Avalon Ventures, and also included Salesforce founder and CEO Marc Benioff. Averon says it has now raised $13.3M in total. Averon says it uses mobile network signaling and hardware in smartphones for its mobile identity software. Avalon Ventures' investment was managed by Brady Bohrmann. https://www.socaltech.com/intelligence/index.php?action=showdeal&id=90852 Maco.la Targets Blockchain With New Investment Fund ---- Los Angeles-based Maco.la Management, a new investment fund, said it its targeting the blockchain market, with a new $6M fund. According to Maco.la, it has a target of raising a total of $40M for its fund. The new investment fund is led by Mark Strome. According to Maco.la, it is looking to invest in enterprises seeking to optimize and accelerate their business with the use of blockchain technology. The company said its executive team includes Sheri Kaiserman and Alan "Koz" Kostrinsky". Kaiserman was most recently head of the Equities Division at Wedbush. Kostrinsky was Director in PricewaterhouseCoopers' New Ventures Practice where he was leading Blockchain initiatives. The fund's CEO is Ron Reed. --------------------------------------------------------------------------- MARKETPLACE Reach 10000+ readers for 5 days for $250 Post your marketplace ad at: http://www.socaltech.com/postad.html ------------------------------ADVERTISEMENT------------------------------- Simplify Cloud Management - Multi-Cloud Command & Control from Key Info Simplify Cloud Management - Multi-Cloud Command & Control from Key Information Systems A major downfall of a hybrid or multi-cloud environment is the difficulty in monitoring and maintaining numerous instances across several accounts and platforms. Add that to deployment complexity and capacity issues, and your business will struggle to reap the benefits of cloud. A multi-cloud consolidation platform from KeyInfo solves these issues and more! KeyInfo provides top notch multi-cloud services, management capabilities and tailored support. We enable customers to procure cloud services from a single source, allowing for the access and management of a full range of industry-leading IaaS cloud providers including Amazon Web Services, IBM, Microsoft and more. We work with you to meet your cloud strategy needs and enable you to leverage all of the unique capabilities of the platform. To schedule an appointment, visit https://www.keyinfo.com/public-cloud/#streamone ------------------------------ADVERTISEMENT------------------------------- Recurring Revenue Conference 2018—April 12, Marina del Rey Marriott 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. Speaker lineup includes 2 keynotes: Therese Tucker, Founder & CEO, BlackLine and Rick Stollmeyer, CEO & Co-Founder, MINDBODY, Inc. Register and use Promo Code: SocalTECH for 20% discount. Register at: http://www.recurringrevenueconference.com Questions: n...@suttoncapitalpartners.com ------------------------------ADVERTISEMENT------------------------------- 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 b...@socaltech.com for details. ------------------------------ADVERTISEMENT------------------------------- Recurring Revenue Conference 2018—April 12, Marina del Rey Marriott 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. Speaker lineup includes 2 keynotes: Therese Tucker, Founder & CEO, BlackLine and Rick Stollmeyer, CEO & Co-Founder, MINDBODY, Inc. Register and use Promo Code: SocalTECH for 20% discount. Register at: http://www.recurringrevenueconference.com Questions: n...@suttoncapitalpartners.com ------------------------------ADVERTISEMENT------------------------------- Neohire South 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 ------------------------------ADVERTISEMENT------------------------------- Square 1 Bank 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 rchurch...@square1bank.com. ------------------------------ADVERTISEMENT------------------------------- ------------------------------------------------------------------------ RECENT JOB POSTINGS More jobs at http://www.socaltech.com/Jobs Members post jobs for free CFO or VP Finance, Redondo Beach, withheld http://www.socaltech.com/showjob.php?id=5698 Product Engineer I, Simi Valley, Aerovironment http://www.socaltech.com/showjob.php?id=5697 Head of CRM Marketing, Los Angeles, Thrive Market http://www.socaltech.com/showjob.php?id=5696 Accounts Payable Specialist, Los Angeles, Snap Inc. http://www.socaltech.com/showjob.php?id=5695 Hardware Development Manager, Hawthorne, SpaceX http://www.socaltech.com/showjob.php?id=5694 Cloud Management Architect, Westside, Withheld http://www.socaltech.com/showjob.php?id=5693 ------------------------------------------------------------------------ RECENT FUNDING SUMMARY 03/21/18 PestRoutes $0.0M http://www.socaltech.com/intelligence/?action=showdeal&id=90853 03/15/18 Pray.com $14.0M http://www.socaltech.com/intelligence/?action=showdeal&id=90832 03/13/18 Wpromote $0.0M http://www.socaltech.com/intelligence/?action=showdeal&id=90798 03/12/18 Blast $5.0M http://www.socaltech.com/intelligence/?action=showdeal&id=90716 03/12/18 Radiology Partners Holdings, LLC $234.0M http://www.socaltech.com/intelligence/?action=showdeal&id=90715 03/09/18 Bird $100.0M http://www.socaltech.com/intelligence/?action=showdeal&id=90699 03/08/18 Atom Tickets $60.0M http://www.socaltech.com/intelligence/?action=showdeal&id=90658 03/07/18 Camera IQ $0.3M http://www.socaltech.com/intelligence/?action=showdeal&id=90657 03/06/18 OrderMark, Inc. $3.1M http://www.socaltech.com/intelligence/?action=showdeal&id=90661 03/01/18 Scalefast $8.0M http://www.socaltech.com/intelligence/?action=showdeal&id=90444 02/23/18 Intellisense $0.0M http://www.socaltech.com/intelligence/?action=showdeal&id=90293 --------------------------------------------------------------------------- Upcoming Events This Month http://www.socaltech.com/Calendar socaltech.com Calendar of Southern California High Tech Events Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html March 22, Irvine -- Blockchain & Cryptocurrency: Which Is A Hit/Miss? Tech Coast Venture Network. Blockchain and Cryptocurrency, which is a hit and which is a miss? Find out which from the founder of SoCal Blockchain and ICOTGE, Sean Goodwin. See http://www.socaltech.com/calendar/eventid/26043 March 22, Culver City -- Social Media, Influencer Marketing, and Millennials. AITP-LA networking event focusing on social media. We’ll be talking about new marketing approaches to capture attention of the largest generational group in the U.S. Brand conversation and evolution of tools and techniques for consumer involvement. Justin Womack, online marketing expert Joan Samuels, Open Tech Initiative, MCS Inc. Carole Schlocker, iSpace Inc. SEe http://www.aitp-la.org. See http://www.socaltech.com/calendar/eventid/26039 March 22, Los Angeles -- LA Fintech Demo Mix Mingle Network. Come mix and mingle with other Financial Technologist's Thursday March 22nd. Learn about the newest and fastest changes going on in financial technology. Finance is undergoing a massive change some call the "financial paradigm" or "crypto wars". Laws from 1930-1940 (old right?) are getting broken down with technological innovation in finance. Find partners, talk about your project, bounce ideas, discover LA Fintech. See http://www.socaltech.com/calendar/eventid/26037 March 24, Pasadena -- Service and Personal Robots – Cuddly or Creepy? Caltech Entrepreneurs Forum - Robotics. Venturing in SAR: Socially Assistive Robotics Robots that interact with us psychologically are emerging and will grow in a big way, if only driven by the increasing demographic of elderly, disabled or temporarily limited people. Our program will delve into the uniquely different problems and the entrepreneurial opportunities “psycho-active, economically accessible robots” introduce compared to impersonal industrial or service applications. Keynote: Prof. Maja Mataric, Chan Soon-Shiong Chair in the Computer Science Department, Neuroscience Program, and the Department of Pediatrics, USC and Ross Mead, Ph.D., President and CEO, Semio Inc. See http://www.socaltech.com/calendar/eventid/26030 April 3, Irvine -- Orange County VCs, Angels, Crypto and ICOs Event. At our next event the panel of investors will focus on Early-Stage Venture Investing & a fireside chat about ICO basics: How to meet investors, pitch them, and what it really takes to get them to write you a check! We will be discussing trends in Early-Stage Investing, hot sectors, sectors that these Angels and VCs look at, things that are most important to them when they are considering an Investment, the best and worst things an entrepreneur can do to get their attention, additional advice for entrepreneurs, and, of course, the best ways to reach these and other Investors. ICOs raised a global record 1.1 billion dollars in December 2017 alone according to TokenMarket. That's HUGE, but what exactly does that mean? Can anyone do an ICO? Should everyone? and what exactly is an ICO anyway? Speakers: Moderator - Joe Daniels, McCarter & English Eric Shus, Angel Investor Chad Anderson, Co-founder, MT Digital Assets Michael Sawitz, Founder FastStart.studio Fred Haney, Founder, Venture Management Company Keynote - Patrick Lowry, Iconiq Lab Steve Kuh, Group Project Markus Levin, XYO Network. See http://www.socaltech.com/calendar/eventid/26042 April 4, Marina Del Rey -- FundingPost Los Angeles VCs, Angels, Crypto and ICOs Event. At our next event the panel of investors will focus on Early-Stage Venture Investing & a fireside chat about ICO basics: How to meet investors, pitch them, and what it really takes to get them to write you a check! We will be discussing trends in Early-Stage Investing, hot sectors, sectors that these Angels and VCs look at, things that are most important to them when they are considering an Investment, the best and worst things an entrepreneur can do to get their attention, additional advice for entrepreneurs, and, of course, the best ways to reach these and other Investors. ICOs raised a global record 1.1 billion dollars in December 2017 alone according to TokenMarket. That's HUGE, but what exactly does that mean? Can anyone do an ICO? Should everyone? and what exactly is an ICO anyway? Speakers: Moderator, Joe Daniels, McCarter & English Rachael McCrary, CEO, JewelToned & Crypto Investor Eric Shus, Angel Investor Jor Law, Angel Investor, Founder of VerifyInvestor.com Melinda Moore, President, Moore Venture Media Chad Anderson, Co-founder, MT Digital Assets Marcus Weller, Ph.D, Manager, Interstellar Capital Steve Kuh, Group Project Keynote - Patrick Lowry, Iconiq Lab Markus Levin, XYO Network. See http://www.socaltech.com/calendar/eventid/26041 April 9, Newport Beach -- Software Test Professionals Conference& Expo. STPCon, Where Testers Come to Learn - The Software Test Professionals Conference is the leading event where test leadership, management, and strategy converge. The hottest topics in the industry are covered including agile testing, performance testing, test automation, mobile application testing, and test team leadership and management. See http://www.socaltech.com/calendar/eventid/26036 April 10, Los Angeles -- Los Angeles Digital Summit. The Definitive Digital Marketing Gathering. See http://www.socaltech.com/calendar/eventid/26005 April 11, Los Angeles -- Los Angeles Digital Summit. The Definitive Digital Marketing Gathering. See http://www.socaltech.com/calendar/eventid/26006 April 12, Marina Del Rey -- Recurring Revenue Conference 2018. 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 the. See http://www.socaltech.com/calendar/eventid/25980 April 19, Santa Monica -- WITI: Advancement of Women in STEM. In an era when women are more and more prominent in fields such as business, law, and medicine - why are there so few women pursuing career in Information Technology, Engineering and Science? Our panelists for our upcoming event "Advancement in STEM" are phenomenal women who are making significant contributions to technical communities that improve and impact our society through education, entertainment, and engineering. See http://www.socaltech.com/calendar/eventid/26029 April 20, Santa Monica -- StartEngine ICO 2.0 Spring Summit. The ICO marketplace has continued to grow exponentially; over $1.2B has already been raised in 2018; well on the way of passing the 2017 benchmark of $3.2B! The StartEngine ICO 2.0 Spring Summit will bring together hundreds of devoted cryptocurrency and blockchain investors, companies and influential keynote speakers to discuss a myriad of topics. See http://www.socaltech.com/calendar/eventid/26025 ----------------------------------------------------------------------- Sponsored by: TVC Capital LLC (www.tvccapital.com) Investments in and Acquisitions of Growing Software Companies Silicon Valley Bank (http://www.svb.com). Make next happen now. 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