*socaltech.com <http://socaltech.com> TechNews - Tuesday, March 27, 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. 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. ------------------------------ *Headlines * - Belkin Acquired By Foxconn In $866M Deal <#m_8475006506315710711_0074195> - Arizona Suspends Uber's Self Driving Vehicle Testing <#m_8475006506315710711_0074196> - Xperi's DTS Gets Win With LG Electronics <#m_8475006506315710711_0074194> - Cornerstone OnDemand's VolunteerReady.org Team With US Disaster Groups <#m_8475006506315710711_0074193> - UpKeep Finds $10M For Work Order Software <#m_8475006506315710711_0074192> - Snap Quietly Buys 3D Game Engine Startup <#m_8475006506315710711_0074190> - Elon Musk's Next Boring Company Product: Lifesize LEGO Blocks? <#m_8475006506315710711_0074189> - SendGrid Triples Space In OC, Opens New Office In Irvine <#m_8475006506315710711_0074172> *Marketplace* - Recurring Revenue Conference 2018—April 12, Marina del Rey Marriott <#m_8475006506315710711_ad731> - Early Stage Commercial Insurance - Pacific Unified Insurance Agency <#m_8475006506315710711_ad596> - Find Help To Power Your Firm To The Next Level <#m_8475006506315710711_ad585> - Stradling <#m_8475006506315710711_ad608> - Stubbs Alderton & Markiles Preccelerator <#m_8475006506315710711_ad694> - Square 1 Bank <#m_8475006506315710711_ad695> *Tuesday, March 27, 2018* *Belkin Acquired By Foxconn In $866M Deal* <https://www.socaltech.com/fullstory/0074195.html> Los Angeles-based consumer electronics and accessories maker Belkin--which is behind such well known brands as Belkin, Linksys, Wemo, and Phyn--has been acquired by Taiwanese electronics giant Foxconn, in a deal worth $866M in cash. According to Foxconn (Foxconn Interconnect Technology Limited), which itself is a subsidiary of Hon Hai Precision Industry Co., Ltd.--it will use the acquisition to help it further tap into premium accessories and the smart home market. (More... <https://www.socaltech.com/fullstory/0074195.html>) *Arizona Suspends Uber's Self Driving Vehicle Testing* <https://www.socaltech.com/fullstory/0074196.html> The Governor of Arizona, Doug Ducey, who had chided California for its strict rules on testing of self-driving vehicles, has suspended Uber's self driving vehicle privileges in that state in the wake of the death of a pedestrian, killed by an Uber self-driving vehicle. According to Ducey, the death was an "unquestionable failure" to comply with the expectation that public safety would be a top priority for those operating self-driving cars. (More... <https://www.socaltech.com/fullstory/0074196.html>) *Xperi's DTS Gets Win With LG Electronics* <https://www.socaltech.com/fullstory/0074194.html> Xperi, the parent company of what was Calabasas-based DTS, reported that LG Electronics is integrating the DTS Virtual:X immersive audio technology into its latest line of Ultra HD TVs. According to Xperi, the integration of its DTS technology will provide "virtual height" and surround sound without the need for additional speakers in those LG televisions. Financial details of the licensing deal were not announced. (More... <https://www.socaltech.com/fullstory/0074194.html>) *Cornerstone OnDemand's VolunteerReady.org Team With US Disaster Groups* <https://www.socaltech.com/fullstory/0074193.html> The Cornerstone OnDemand Foundation, the nonprofit arm of Santa Monica-based Cornerstone OnDemand, is looking to assist U.S.-based disaster response groups with its online learning portal, VolunteerReady.org, according to the group today. According to the Cornerstone OnDemand Foundation, the online site will provide training and resources free of charge to local, U.S.based disaster response organizations. (More... <https://www.socaltech.com/fullstory/0074193.html>) *UpKeep Finds $10M For Work Order Software* <https://www.socaltech.com/fullstory/0074192.html> Los Angeles-based *UpKeep <https://www.onupkeep.com/>*, a startup developing software to manage work orders for facilities, said last week that it raised $10M in a Series A funding. The funding was led by Emergence Capital, and also included Battery Ventures, Y Combinator, and Mucker Capital. As part of the new funding, Kevin Spain of Emergence Capital joins the company's board. UpKeep says it has now raised a total of $12.7M in funding. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showdeal&id=90968> )(More... <https://www.socaltech.com/fullstory/0074192.html>) *Snap Quietly Buys 3D Game Engine Startup* <https://www.socaltech.com/fullstory/0074190.html> Venice, California-based Snap, the parent firm of Snapchat, has quietly acquired a 3D gaming engine developer based in the UK, according to a report. According to the report, Snap acquired PlayCanvas, a developer of 3D game design software, last May. No details on the acquisition have been announced by either of the companies. (More... <https://www.socaltech.com/fullstory/0074190.html>) *Elon Musk's Next Boring Company Product: Lifesize LEGO Blocks?* <https://www.socaltech.com/fullstory/0074189.html> Did you miss out on your limited time chance at the flamethrower Elon Musk sold through his tunneling company, Boring Company? Well, don't despair, as you could be the proud owner of life size, LEGO-like blocks--made from tunneling rock escavated by the Boring Company's tunnelers--which can be used to create structures and buildings. (More... <https://www.socaltech.com/fullstory/0074189.html>) *SendGrid Triples Space In OC, Opens New Office In Irvine* <https://www.socaltech.com/fullstory/0074172.html> Email service provider SendGrid is tripling its space in Orange County, saying this morning that it has opened up a brand new office in Irvine. According to the company, the new office at 400 Spectrum Center Drive has over 22,000 square feet, and can hold twice the number of employees it currently has in Orange County, where it currently employs 60. SendGrid said the move to the new offices specifically will help it recruit from Irvine's strong pool of tech talent. (More... <https://www.socaltech.com/fullstory/0074172.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. 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: [email protected] *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] *Find Help To Power Your Firm To The Next Level <http://www.socaltech.com/services/Consulting/Business/>* Need some business help powering your company to the next stage? Can't figure out who understands startups and high tech in Southern California? Need help with a business plan, ramping sales, and more? We've compiled a list of people who can help--who already have high tech clients here: http://www.socaltech.com/services/Consulting/Business/ *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. *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/ *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]. ------------------------------ *Recent Funding <#m_8475006506315710711_funding>* 3/26/18 Upkeep <http:///intelligence/?action=showdeal&id=90968> Los Angeles $10.00 M 3/23/18 ServiceTitan <http:///intelligence/?action=showdeal&id=90870> Glendale $62.00 M 3/23/18 BioIQ AKA Jentryx <http:///intelligence/?action=showdeal&id=90871> Santa Barbara $26.50 M 3/22/18 Pairwise Plants <http:///intelligence/?action=showdeal&id=90856> San Diego $25.00 M 3/21/18 PestRoutes <http:///intelligence/?action=showdeal&id=90853> Mckinney $0.00 M 3/15/18 Pray.com <http:///intelligence/?action=showdeal&id=90832> Westlake Village $14.00 M 3/13/18 Wpromote <http:///intelligence/?action=showdeal&id=90798> El Segundo $0.00 M 3/12/18 Blast <http:///intelligence/?action=showdeal&id=90716> Los Angeles $5.00 M 3/12/18 Radiology Partners Holdings, LLC <http:///intelligence/?action=showdeal&id=90715> Manhattan Beach $234.00 M 3/09/18 Bird <http:///intelligence/?action=showdeal&id=90699> Santa Monica $100.00 M 3/08/18 Atom Tickets <http:///intelligence/?action=showdeal&id=90658> Santa Monica $60.00 M 3/07/18 Camera IQ <http:///intelligence/?action=showdeal&id=90657> $0.30 M 3/06/18 OrderMark, Inc. <http:///intelligence/?action=showdeal&id=90661> Los Angeles $3.10 M 3/01/18 Scalefast <http:///intelligence/?action=showdeal&id=90444> Manhattan Beach $8.00 M ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html March 27, Los Angeles -- *Women in the Global Markets! WITI* *NEW* . See http://www.socaltech.com/calendar/eventid/26045 April 3, Irvine -- *Orange County VCs, Angels, Crypto and ICOs Event* 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* 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* 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* 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* 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* 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 -- *Advancement of Women in STEM* 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* 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 April 26, Los Angeles -- *Growth Capital Conference* Network with capital sources: Angels,VCs,High Net Worths,advisors and 100 entrepreneurs seeking capital & counsel. See http://www.socaltech.com/calendar/eventid/26034 ------------------------------ *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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