*socaltech.com <http://socaltech.com> TechNews - Thursday, August 9, 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. Stubbs Alderton Markiles, LLP (http://www.stubbsalderton.com). Business. Technology. Law. Vision. PricewaterhouseCoopers (http://www.socaltech.com/pwc). 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 * - TaskUs Takes $250M From Blackstone <#m_8438829953287032143_0075662> - Quest International Expands To Healthcare IT Managed Services <#m_8438829953287032143_0075661> - Ligand Offers To Buy Vernalis For $43M <#m_8438829953287032143_0075659> - Semtech Gets Design Win With Taiwanese Company <#m_8438829953287032143_0075660> - CoreLogic Creates New Natural Hazard Risk Site <#m_8438829953287032143_0075658> *Marketplace* - Become a Socaltech Supporter! <#m_8438829953287032143_ad724> - Stubbs Alderton & Markiles Preccelerator <#m_8438829953287032143_ad694> - Square 1 Bank <#m_8438829953287032143_ad695> - Support Our News Coverage - Become A Member Today! <#m_8438829953287032143_ad680> *Thursday, August 9, 2018* *TaskUs Takes $250M From Blackstone* <http://www.socaltech.com/fullstory/0075662.html> Santa Monica-based business outsourcing service provider TaskUs, founded by Bryce Maddock and Jaspar Weir, said this morning that it has raised $250M in an investment round. The investment came from private equity investor Blackstone Group. According to TaskUs, the funding round values the company at $500M. TaskUs said that the company will continue to be led by CEO Bryce Maddock, along with Weir and the existing management team. (More... <http://www.socaltech.com/fullstory/0075662.html>) *Quest International Expands To Healthcare IT Managed Services* <http://www.socaltech.com/fullstory/0075661.html> Irvine-based *Quest International <http://www.questinc.com>*, which has been providing depot services and other related services for OEMs, is expanding its range of services, saying today that it has launched a comprehensive IT managed service for the healthcare industry. According to Quest, it will provide everything from cybersecurity and ransomware prevention, business continuity and disaster recovery, to HIPAA and PCI compliance services.(More... <http://www.socaltech.com/fullstory/0075661.html>) *Ligand Offers To Buy Vernalis For $43M* <http://www.socaltech.com/fullstory/0075659.html> San Diego-based *Ligand Pharmaceuticals <http://www.ligan.com>* said today that it has made an offer to buy UK-based *Vernalis pcl*, in a deal worth $43M in cash. According to Ligand, the deal requires approval by Vernalis shareholders. Vernalis a biotechnology company working on structure-based drug discovery. Vernalis is being advised by Evercore in a formal sales process.(More... <http://www.socaltech.com/fullstory/0075659.html>) *Semtech Gets Design Win With Taiwanese Company* <http://www.socaltech.com/fullstory/0075660.html> Camarillo-based Semtech reported a design win with Taiwanese manufacturer HEX SAFETY today, with its LoRa wireless radio frequency technology. According to Semtech, HEX SAFETY, which is based in Taiwan, is incorporating its technology in a "smart fire evacuation system" used to help provide safer avigation in hazardous environments. (More... <http://www.socaltech.com/fullstory/0075660.html>) *CoreLogic Creates New Natural Hazard Risk Site* <http://www.socaltech.com/fullstory/0075658.html> Irvine-based property and insurance information provider CoreLogic announced this morning that it is launching a new resource, HazardIQ, to provide better information on the risks that natural catastrophes pose to properties across the country. CoreLogic explains that the new site comes as a result of increase in natural catastrophes such as the Northern California wildfires. (More... <http://www.socaltech.com/fullstory/0075658.html>) *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 [email protected] for details. *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]. *Support Our News Coverage - Become A Member Today! <http://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 ------------------------------ *Recent Funding <#m_8438829953287032143_funding>* 8/07/18 Sagewise <http://www.socaltech.com/intelligence/?action=showdeal&id=93193> Los Angeles $1.25 M 8/03/18 WeeCare <http://www.socaltech.com/intelligence/?action=showdeal&id=93142> Venice $4.20 M 8/02/18 inVia Robotics <http://www.socaltech.com/intelligence/?action=showdeal&id=93141> Westlake Village $20.00 M 7/30/18 Cool Planet Energy <http://www.socaltech.com/intelligence/?action=showdeal&id=93134> Greenwood Village $20.30 M 7/23/18 Gossamer Bio, Inc. <http://www.socaltech.com/intelligence/?action=showdeal&id=89673> San Diego $230.00 M 7/18/18 AdQuick <http://www.socaltech.com/intelligence/?action=showdeal&id=93105> Los Angeles $2.10 M 7/17/18 Openpath <http://www.socaltech.com/intelligence/?action=showdeal&id=93069> Culver City $20.00 M 7/16/18 Octi AKA Supermediafuture <http://www.socaltech.com/intelligence/?action=showdeal&id=93065> Hollywood $7.50 M 7/11/18 CapLinked <http://www.socaltech.com/intelligence/?action=showdeal&id=93055> Redondo Beach $2.50 M 7/05/18 ENTITY <http://www.socaltech.com/intelligence/?action=showdeal&id=93014> Los Angeles $0.00 M 7/03/18 Harper Wilde <http://www.socaltech.com/intelligence/?action=showdeal&id=93005> Los Angeles $2.00 M 7/03/18 Tour Engine <http://www.socaltech.com/intelligence/?action=showdeal&id=92999> San Diego $2.25 M 7/02/18 Califia Farms <http://www.socaltech.com/intelligence/?action=showdeal&id=92977> Los Angeles $50.00 M 6/27/18 UST Global <http://www.socaltech.com/intelligence/?action=showdeal&id=92881> Aliso Viejo $250.00 M ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html 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 September 8, 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. See http://www.socaltech.com/calendar/eventid/26140 ------------------------------ *Recent Job Postings * More jobs at http://www.socaltech.com/Jobs ------------------------------ ------------------------------ *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. 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