*socaltech.com <http://socaltech.com> TechNews - Tuesday, October 30, 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. Shimokaji IP (http://www.shimokaji.com) Bettering Life Through Creative Ideas Singer Lewak (http://www.singerlewak.com) Accounting and Consulting for Growing and Innovative Businesses ------------------------------ *Headlines * - Report: Faraday Future Loses Key EV Designer <#m_-3279569154825892044_0076468> - IMT Acquired By Cerium Technology <#m_-3279569154825892044_0076466> - LegalZoom Finds Funding From TCV, Adds New Board Member <#m_-3279569154825892044_0076463> - Classy: We've Hit $1 Billion In Donations <#m_-3279569154825892044_0076464> - WAYV Picks Up $5M For Cannabis Software <#m_-3279569154825892044_0076465> - Halozyme Inks $25M Licensing Deal With Roche <#m_-3279569154825892044_0076467> - Axonics Modulation Technologies Sets Estimated IPO Range <#m_-3279569154825892044_0076456> - Genoptix Acquired By NeoGenomics <#m_-3279569154825892044_0076452> *Marketplace* - Simplify Cloud Management - Multi-Cloud Command & Control from Key Info <#m_-3279569154825892044_ad729> - Stubbs Alderton & Markiles Preccelerator <#m_-3279569154825892044_ad694> - Stradling <#m_-3279569154825892044_ad608> *Tuesday, October 30, 2018* *BDO USA - Southern California Technology Industry Team <http://www.bdo.com>* BDO USA, LLP is a professional services firm providing assurance, tax, and advisory services to publicly traded and privately held companies through more than 60 offices domestically and 160 countries globally. Our Southern California technology industry team professionals have deep experience helping online, software, hardware, and cleantech businesses in the local ecosystem to navigate the many issues affecting their businesses and to help them meet their larger strategic goals. Our team provides a wide range of guidance in the key issues effecting technology companies including, M&A advisory, initial public offerings, tax planning and consulting, intellectual property agreements, financial reporting and regulatory compliance matters. http://www.bdo.com *Report: Faraday Future Loses Key EV Designer* <http://www.socaltech.com/fullstory/0076468.html> Troubled, Los Angeles-based electric vehicle startup Faraday Future has lost a key electric vehicle designer, among a number of layoffs at the company over the last few weeks, according to a report. According to a report from the Verge, Peter Savagian, a Senior Vice President at Faraday Future and former Chief Engineering on the General Motors EV1 electric car, has left his job. (More... <http://www.socaltech.com/fullstory/0076468.html> ) *IMT Acquired By Cerium Technology* <http://www.socaltech.com/fullstory/0076466.html> Santa Barbara-based MEMs technology developer Innovative Micro Technology (IMT) said early this morning that it has received a majority equity financing from Cerium Technology. Size and terms of the majority equity investment were not announced. Cerium Technology is an investment firm focused on the Internet-of-Things (IoT) market. IMT said it will use the funding to accerate growth in the IoT sensing and communications markets. ( More... <http://www.socaltech.com/fullstory/0076466.html>) *LegalZoom Finds Funding From TCV, Adds New Board Member* <http://www.socaltech.com/fullstory/0076463.html> Glendale-based LegalZoom, the online legal filing site which focuses on small businesses and families, has named David Yuan, a General Partner at Technology Crossover Ventures (TCV) to its board of directors. According to LegalZoom, the addition comes as part of an investment by TCV in LegalZoom. Details on TCV's investment were not announced. (Funding Details <https://www.socaltech.com/intelligence/?action=showdeal&id=94128>)(More... <http://www.socaltech.com/fullstory/0076463.html>) *Classy: We've Hit $1 Billion In Donations* <http://www.socaltech.com/fullstory/0076464.html> San Diego-based online nonprofit fundraising software developer CLassy said this morning that it has just hit $1 billion in total donations through its platform. According toe Classy, the milestone represents more than 10 million donations from over 190 countries to the nonprofits on its platform. Classy was launched in 2011, and is led by CEO and co-foudner Scot Chisolm. (More... <http://www.socaltech.com/fullstory/0076464.html>) *WAYV Picks Up $5M For Cannabis Software* <http://www.socaltech.com/fullstory/0076465.html> Los Angeles-based WAYV, a startup that says it is developing cannabis e-commerce software, has raised $5M in a seed funding round, the company said on Monday. The funding was led by Craft Ventures, the venture investment fund of David Sacks. Sacks is one of the co-founders of PayPal. According to WAYV, it is developing e-commerce software which enables licensed cannabis companies to manage next day delivery and manage the supply chain for retailers and brands. (More... <http://www.socaltech.com/fullstory/0076465.html>) *Halozyme Inks $25M Licensing Deal With Roche* <http://www.socaltech.com/fullstory/0076467.html> San Diego-based biotechnology developer Halozyme Therapeutics announced this morning that it has licensed some of its drug delivery technology to Roche, in a deal worth $25M upfront, and a potential to earn another $160M to $165M per target. According to Halozyme, the licensing deal covers its ENHANZE drug delivery technology, for use in a new undisclosed clinical stage therapeutic target, with an option to select two additional targets within four years. (More... <http://www.socaltech.com/fullstory/0076467.html>) *Axonics Modulation Technologies Sets Estimated IPO Range* <http://www.socaltech.com/fullstory/0076456.html> Irvine-based Axonics Modulation Technologies, a developer of medical devices for treating urinary and bowel dysfunction, has set its estimated IPO range, ahead of its expected IPO this week. The startup, which is venture backed by BioDiscovery, Longitude Venture Partners, Cooperatieve Gilde Healthcare, the Alfred E. Mann Foundation, and others, said that it is selling 6,667,000 shares of its common stock at between $14.00 and $16.00 per share. (More... <http://www.socaltech.com/fullstory/0076456.html> ) *Genoptix Acquired By NeoGenomics* <http://www.socaltech.com/fullstory/0076452.html> San Diego-based Genoptix, a clinical oncology laboratory that specializes in hematology and solid tumor testing was acquired by Florida-based NeoGenomics, the firms said last week. The deal was worth $125M in cash plus 1 million shares of NeoGenomics common stock, or approximately $139M. NeoGenomics is a provider of genetic testing services, focused on cancer diagnostics. NeoGenomics said the deal will significantly expand its coverage of oncology practices. (More... <http://www.socaltech.com/fullstory/0076452.html>) *Simplify Cloud Management - Multi-Cloud Command & Control from Key Info <https://www.keyinfo.com/public-cloud/#streamone>* 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 *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/ *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. ------------------------------ *Recent Funding <#m_-3279569154825892044_funding>* 10/30/18 WAYV <http://www.socaltech.com/intelligence/?action=showdeal&id=94129> Los Angeles $5.00 M 10/30/18 LegalZoom.com <http://www.socaltech.com/intelligence/?action=showdeal&id=94128> Glendale $0.00 M 10/25/18 Pathmatics, Inc. <http://www.socaltech.com/intelligence/?action=showdeal&id=94080> Santa Monica $3.00 M 10/23/18 Tala <http://www.socaltech.com/intelligence/?action=showdeal&id=94079> Los Angeles $0.00 M 10/23/18 Enevate <http://www.socaltech.com/intelligence/?action=showdeal&id=94078> Irvine $0.00 M 10/22/18 Qpex Biopharma <http://www.socaltech.com/intelligence/?action=showdeal&id=94077> San Diego $33.00 M 10/18/18 ProducePay <http://www.socaltech.com/intelligence/?action=showdeal&id=94058> Los Angeles $14.00 M 10/18/18 Cujo AI <http://www.socaltech.com/intelligence/?action=showdeal&id=94059> El Segundo $0.00 M 10/17/18 Edlio <http://www.socaltech.com/intelligence/?action=showdeal&id=94056> Los Angeles $0.00 M 10/17/18 Avidity Biosciences <http://www.socaltech.com/intelligence/?action=showdeal&id=94055> La Jolla $0.00 M 10/16/18 Kazuhm <http://www.socaltech.com/intelligence/?action=showdeal&id=94076> San Diego $0.00 M 10/09/18 Machinify <http://www.socaltech.com/intelligence/?action=showdeal&id=94011> Palo Alto $10.00 M 10/04/18 ZipRecruiter <http://www.socaltech.com/intelligence/?action=showdeal&id=93955> Santa Monica $104.00 M 10/03/18 Tyffon <http://www.socaltech.com/intelligence/?action=showdeal&id=93937> Los Angeles $2.17 M ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html October 30, Newport Beach -- *OCTANE MEDICAL TECHNOLOGY INNOVATION FORUM* OCTANE MEDICAL TECHNOLOGY INNOVATION FORUM. Join us October 29-30 at the Newport Beach Marriott Hotel and Spa. See http://www.socaltech.com/calendar/eventid/26135 November 3, Pasadena -- *Caltech Entrepreneurs Forum - Venturing to Mars* Caltech Entrepreneurs Forum - Venturing to Mars. Mars entrepreneurship has entered its lift off phase. The US Government is preparing for manned missions to Mars but private companies like SpaceX may well get there first. Elon Musk declared that SpaceX will put one million people on Mars. Entrepreneurial opportunities already have emerged in areas like Launch, Sensors, Instrumentation and Habitats. Join us to hear expert speakers from the Jet Propulsion Laboratory, industry insiders and entrepreneurial startups. See http://www.socaltech.com/calendar/eventid/26225 November 8, Los Angeles -- *LA Tech Mixer* Schmoozd LA Tech & Startup Mixer. Come celebrate the end of 2018, and the culmination of Schmoozd's fascinating year, on Thursday, November 8th (6pm)! Grab a drink and network with 300 other members of the Schmoozd community. Check out 10 NEW startups showcase their latest launch. See http://www.socaltech.com/calendar/eventid/26273 November 8, Santa Monica -- *Shift Happens: Digital Transformation and Business* *NEW* . See http://www.socaltech.com/calendar/eventid/26275 November 10, 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/26146 November 15, Los Angeles -- *Building Billion Dollar Startups: The First Annual Unicorn Quest* Building Billion Dollar Startups: The First Annual Unicorn Quest. Alliance SoCal. Meet SoCal's billion dollar startups from today and the future. The Unicorn Quest celebrates the ambition and massive successes of SoCal’s innovation ecosystem as told by the founders and investors themselves. Plus you will meet high-flying startups on a trajectory to unicorn status and the potential for meaningful impact on the SoCal ecosystem. See http://www.socaltech.com/calendar/eventid/26254 November 15, Costa Mesa -- *Advancing Women in Technology (AWT) 17th Annual Wine Tasting & Scholarship Fundraiser* *NEW* . See http://www.socaltech.com/calendar/eventid/26274 November 26, Los Angeles -- *AutoMobility LA - LA Auto Show* AutoMobility LA. AutoMobility LA 2018 will take place November 26-29 at the Los Angeles Convention Center. AutoMobility LA is the industry's first trade show converging the technology and automotive industries to launch new products and technologies and to discuss the most pressing issues surrounding the future of transportation and mobility. See http://www.socaltech.com/calendar/eventid/26122 November 27, Los Angeles -- *AutoMobility LA - LA Auto Show* AutoMobility LA. AutoMobility LA 2018 will take place November 26-29 at the Los Angeles Convention Center. AutoMobility LA is the industry's first trade show converging the technology and automotive industries to launch new products and technologies and to discuss the most pressing issues surrounding the future of transportation and mobility. See http://www.socaltech.com/calendar/eventid/26123 November 28, Los Angeles -- *AutoMobility LA - LA Auto Show* AutoMobility LA. AutoMobility LA 2018 will take place November 26-29 at the Los Angeles Convention Center. AutoMobility LA is the industry's first trade show converging the technology and automotive industries to launch new products and technologies and to discuss the most pressing issues surrounding the future of transportation and mobility. See http://www.socaltech.com/calendar/eventid/26124 November 29, Los Angeles -- *AutoMobility LA - LA Auto Show* AutoMobility LA. AutoMobility LA 2018 will take place November 26-29 at the Los Angeles Convention Center. AutoMobility LA is the industry's first trade show converging the technology and automotive industries to launch new products and technologies and to discuss the most pressing issues surrounding the future of transportation and mobility. See http://www.socaltech.com/calendar/eventid/26125 ------------------------------ *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 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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