*socaltech.com <http://socaltech.com> TechNews - Thursday, July 26, 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. 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 ------------------------------ *Headlines * - Faraday Future Jumps On Blockchain Bandwagon <#m_-8748270610284733587_0075514> - Semtech Gets Another Win In India <#m_-8748270610284733587_0075513> - Chrome River Expands In Germany <#m_-8748270610284733587_0075512> - Open Listings Tops $1 Billion In Home Purchases <#m_-8748270610284733587_0075511> - Amgen Backed Alector Adds $133M <#m_-8748270610284733587_0075510> - AliveGen Sells Drug Candidates To Biogen For As Much As $562.5M <#m_-8748270610284733587_0075504> *Marketplace* - Tech Coast Map & Calendar – Put Your Company On The Map! <#m_-8748270610284733587_ad717> - Square 1 Bank <#m_-8748270610284733587_ad695> - Stubbs Alderton & Markiles Preccelerator <#m_-8748270610284733587_ad694> - Support Our News Coverage - Become A Member Today! <#m_-8748270610284733587_ad680> - Early Stage Commercial Insurance - Pacific Unified Insurance Agency <#m_-8748270610284733587_ad596> *Thursday, July 26, 2018* *Faraday Future Jumps On Blockchain Bandwagon* <https://www.socaltech.com/fullstory/0075514.html> Los Angeles-based electric car developer Faraday Future--which was just rescued via a last minute funding lifeline in June--has yet to ship its vehicles, but has gone ahead and jumped on the Blockchain to "set global automaker standards for blockchain". According to Faraday Future, it has joined the MOBI Blockchain Consortium, where its FF Head of Product for Vehicle Software Platform, Shyam Sundar, will become part of key workgroups for MOBI. (More... <https://www.socaltech.com/fullstory/0075514.html>) *Semtech Gets Another Win In India* <https://www.socaltech.com/fullstory/0075513.html> In the second win in the country of India announced to Camarillo-based Semtech this week, the analog and mixed signal semiconductor developer said this morning that it has signed up another customer in India. According to Semtech, Ahoy Systems, an an electronic design house and OEM for several smart city devices, is using its technology for "smart" street lighting solutions. Volumes and financial impact of the design win were not announced. (More... <https://www.socaltech.com/fullstory/0075513.html>) *Chrome River Expands In Germany* <https://www.socaltech.com/fullstory/0075512.html> Los Angeles-based Chrome River Technologies, which develops expense and invoice automation software, is expanding overseas today, saying that it has launched a new, German subsidiary. According to the company, Chrome River Germany will direct sales operations, and offer implementation and ongoing support services to customers across mainland Europe. (More... <https://www.socaltech.com/fullstory/0075512.html>) *Open Listings Tops $1 Billion In Home Purchases* <https://www.socaltech.com/fullstory/0075511.html> Los Angeles-based Open Listings, the venture-backed startup which helps people find, tour, and buy homes, said on Wednesday that it has just passed up $1 billion in homes bought on its service. The startup, led by co-founder and CEO Judd Schoenholtz, is venture backed by Matrix Partners, Initialized Capital and Arena Ventures. Open Listings says it now offers its service in California, Seattle, Austin, Chicago, and Dallas. (More... <https://www.socaltech.com/fullstory/0075511.html>) *Amgen Backed Alector Adds $133M* <https://www.socaltech.com/fullstory/0075510.html> South San Francisco-based Alector, a biotechnology company focused on finding treatments for neurodegenerative diseases and cancer, announced Wednesday that it has raised $133M in a Series E funding round. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showdeal&id=93133> )(More... <https://www.socaltech.com/fullstory/0075510.html>) *AliveGen Sells Drug Candidates To Biogen For As Much As $562.5M* <https://www.socaltech.com/fullstory/0075504.html> Thousand Oaks-based AliveGen>, a startup developing biopharmacueticals to treat muscle and bone loss and the loss of functional capacity, has sold the rights two two of its early stage drug candidates to Biogen, in a deal worth as much as $562.5M. According to Biogen, it will pay $27.5M upfront, and up to $535M in milestone payments, for the rights to ALG-801 (now known as BIIB110 ) and ALG-802, two compounds used to treat various neuromuscular diseases. ( More... <https://www.socaltech.com/fullstory/0075504.html>) *Tech Coast Map & Calendar – Put Your Company On The Map! <https://www.siliconmaps.com/tech-coast/>* Include your company on the Tech Coast Map and be part of the iconic industry symbol of Technology Innovation in Southern California. The map is promoted through Print, Digital, and web with an online interactive version of the map. Take part in the effective map campaign to support your region, brand and location(s) while promoting your company as an industry leader. The custom imprinted Poster/Calendars make the perfect promotional year-end gift for stakeholders. View the large interactive map at https://www.siliconmaps.com/tech-coast/ Contact i...@siliconmaps.com for more information and mention Socal Tech for special industry rates. *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 rchurch...@square1bank.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/ *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 *Early Stage Commercial Insurance - Pacific Unified Insurance Agency <+johnhuttin...@pacificunified.com>* 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 johnhuttin...@pacificunified.com ------------------------------ *Recent Funding <#m_-8748270610284733587_funding>* 7/23/18 Gossamer Bio, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=89673> San Diego $230.00 M 7/18/18 AdQuick <https://www.socaltech.com/intelligence/?action=showdeal&id=93105> Los Angeles $2.10 M 7/17/18 Openpath <https://www.socaltech.com/intelligence/?action=showdeal&id=93069> Culver City $20.00 M 7/16/18 Octi AKA Supermediafuture <https://www.socaltech.com/intelligence/?action=showdeal&id=93065> Hollywood $7.50 M 7/11/18 CapLinked <https://www.socaltech.com/intelligence/?action=showdeal&id=93055> Redondo Beach $2.50 M 7/05/18 ENTITY <https://www.socaltech.com/intelligence/?action=showdeal&id=93014> Los Angeles $0.00 M 7/03/18 Harper Wilde <https://www.socaltech.com/intelligence/?action=showdeal&id=93005> Los Angeles $2.00 M 7/03/18 Tour Engine <https://www.socaltech.com/intelligence/?action=showdeal&id=92999> San Diego $2.25 M 7/02/18 Califia Farms <https://www.socaltech.com/intelligence/?action=showdeal&id=92977> Los Angeles $50.00 M 6/27/18 InvolveSoft <https://www.socaltech.com/intelligence/?action=showdeal&id=92879> Santa Monica $2.50 M 6/27/18 UST Global <https://www.socaltech.com/intelligence/?action=showdeal&id=92881> Aliso Viejo $250.00 M 6/27/18 Honk <https://www.socaltech.com/intelligence/?action=showdeal&id=92883> Los Angeles $18.00 M 6/20/18 Scratch Financial, LLC <https://www.socaltech.com/intelligence/?action=showdeal&id=92870> Los Angeles $6.40 M 6/19/18 CrowdStrike Holdings, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=92772> Irvine $200.00 M ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html July 26, Irvine -- *MasterMinds OC Startup Accelerator Workshop #16* MasterMinds OC Startup Accelerator Workshop #16. OC ENTREPRENEURS: Join us for another LIVE MasterMinds Workshop. Bring your startup ideas and business questions so our friendly group of local Orange County entrepreneurs and business owners can help you move your business farther, faster. Free tickets available if you have a good startup business question for discussion, or you want to practice your startup pitch!. See http://www.socaltech.com/calendar/eventid/26105 July 26, Irvine -- *TCVN Discussion: Should You Use a Finder to Help You Raise Capital?* *NEW* . See http://www.socaltech.com/calendar/eventid/26154 July 31, Marina del Rey -- *CTO Mixers: Cruise w/ Anita Sengupta of Virgin Hyperloop* CTO Mixers: Cruise w/ Anita Sengupta of Virgin Hyperloop. CTO Mixers is a curated, invite-only event. Geared at C-Level, SVPs in the Enterprise and high quality entrepreneurs. See http://www.socaltech.com/calendar/eventid/26151 August 1, Westlake Village -- *ACG 101 Annual Summer Wine Social - August 1st* ACG 101 Summer Social at the Stonehaus. Join ACG 101 and ACG 101's Women in Corporate Growth the evening of August 1st at the beautiful Westlake Village Inn Stonehaus for our annual Summer Social. This always-popular gathering brings together ACG Members, Sponsors, friends - new and old - past program presenters and other special guests for an evening aimed at nothing but the enjoyment of one another's company! And heck, if a business deal or two results in those connections...all the better. Look forward to seeing you there!. See http://www.socaltech.com/calendar/eventid/26152 August 1, Westlake Village -- *ACG 101 Annual Summer Wine Social - August 1st* ACG 101's Women in Corporate Growth Social. Join ACG 101's Women in Corporate Growth committee for a private, champagne meet-and-greet with Lauren B founder and beauty industry expert, Lauren Berkovitz. Come to learn what Lauren is seeing in the world of high-end beauty products, and toast the new Women in Corporate Growth members. See http://www.socaltech.com/calendar/eventid/26153 August 11, Culver City -- *Pitch Genius Workshop * Pitch Genius Workshop. The purpose of this workshop is to educate idea-to-early stage startups about investors, fundraising, and how to make a successful pitch. We're going deep into the investors' mind to understand how they analyze startups for investment. Through a slide-by-slide explanation of the investor deck, you will learn what turns investors on, what turns them off, and what investors absolutely abhor when founders are pitching them. See http://www.socaltech.com/calendar/eventid/26116 August 16, Los Angeles -- *9th Annual Women in Green Forum* 9th Annual Women in Green Forum. The Women in Green Forum has emerged as the premier conference series highlighting women’s impact on the environmental industry. Now in its 9th year, the Women In Green Forum is the largest conference of its kind and attracts an international audience of environmental professionals. Each year, we convene sustainability trailblazers who share insights about the newest and most cutting-edge environmental innovations. The Forum’s 2018 program is built around the theme “The Future // Reimagined.” Speakers will focus on the future of tech and its environmental potential through sessions on topics ranging from blockchain to satellite imaging to automated workforces to augmented reality. See http://www.socaltech.com/calendar/eventid/26083 ------------------------------ *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 b...@socaltech.com 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 customerserv...@socaltech.com ------------------------------ 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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