*socaltech.com <http://socaltech.com> TechNews - Wednesday, October 31, 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. Stubbs Alderton Markiles, LLP (http://www.stubbsalderton.com). Business. Technology. Law. Vision. PricewaterhouseCoopers (http://www.socaltech.com/pwc). ------------------------------ *Headlines * - PatientPop Raises New Funding Round <#m_3964272999722958845_0076480> - Esri Extends To Embedded Linux <#m_3964272999722958845_0076483> - Axial Biotherapeutics Names New CFO, VP <#m_3964272999722958845_0076482> - NTS Expands Testing Lab In Virginia <#m_3964272999722958845_0076481> - DreamHost Gets $18M In Credit Facility <#m_3964272999722958845_0076473> - Faraday Future Founder Resigns, Company Effectively Insolvent, Says Report <#m_3964272999722958845_0076472> - Report: Faraday Future Loses Key EV Designer <#m_3964272999722958845_0076468> *Marketplace* - Square 1 Bank <#m_3964272999722958845_ad695> - Stubbs Alderton & Markiles Preccelerator <#m_3964272999722958845_ad694> - SoCal IP Law Group LLP - Serving the IP Needs of Technology Innovators <#m_3964272999722958845_ad611> - BDO USA - Southern California Technology Industry Team <#m_3964272999722958845_ad737> *Wednesday, October 31, 2018* *PatientPop Raises New Funding Round* <http://www.socaltech.com/fullstory/0076480.html> Santa Monica-based PatientPop, which develops healthcare practice management software, has raised a new round of funding, the company said this morning. The new funding brings its total raised to $75M. According to PatientPop, the funding was led by Leerink Transformation Partners (LTP). As part of the funding, Todd Cozzens, Managing Partner and co-founder of Leerink Transformation Partners joins the company's board of directors. ( More... <http://www.socaltech.com/fullstory/0076480.html>) *Esri Extends To Embedded Linux* <http://www.socaltech.com/fullstory/0076483.html> Redlands-based geographical information systems (GIS) and mapping software developer Esri is extending its software platform all the way to embedded Linux, the company said this week, with the rollout of a new software development kit. According to Esri, its ArcGIS Runtime SDK will support development for embedded Linux devices on the At platform, the first time developers will be able to build applications for its platform outside of desktops and mobile devices. (More... <http://www.socaltech.com/fullstory/0076483.html>) *Axial Biotherapeutics Names New CFO, VP* <http://www.socaltech.com/fullstory/0076482.html> Pasadena-based Axial Biotherapeutics, which is developing treatments for neurological diseases, said yesterday that it has named Jeffrey Young as its first Chief Financial Officer (CFO), and appointed Dennis Yamashita, Ph.D., as Vice President, Medicinal Chemistry. Young was most recently CFO, Treasurer, and Secretary at Juniper Pharmaceuticals, and also served at OvaScience, Transmedics, Lantheus Medical Imaging, Critical Therapeutics, PerkinElmer, and PriceWaterhouseCoopers LLP. (More... <http://www.socaltech.com/fullstory/0076482.html>) *NTS Expands Testing Lab In Virginia* <http://www.socaltech.com/fullstory/0076481.html> Anaheim-based National Technical Systems, which operates a number of qualification testing, inspection, and certification labs, says it is expanding its facilities in the U.S. with a new test facility in Virginia. According to NTS, it has added electromagnetic interference (EMI) and interoperability testing to its Rustburg, Virginia naval research and test facility. The NTS Rustburg laboratory is used by the U.S. (More... <http://www.socaltech.com/fullstory/0076481.html>) *DreamHost Gets $18M In Credit Facility* <http://www.socaltech.com/fullstory/0076473.html> Los Angeles-based web hosting and managed services provider DreamHost announced on Tuesday morning that it has raised $18M via a credit facility with J.P. Morgan. According to the company, the credit line will help it free up capital for reinvestment into its WordPress hosting services area. Terms of the credit line were not announced. DreamHost says it now offers up hosting to 400,000 businesses, developers, and content creators. The company was founded in 1997. (More... <http://www.socaltech.com/fullstory/0076473.html>) *Faraday Future Founder Resigns, Company Effectively Insolvent, Says Report* <http://www.socaltech.com/fullstory/0076472.html> Los Angeles-based Faraday Future founder Nick Sampson says that the company is "effectively insolvent", and has resigned from the company, according to The Verge. The high-flying electric vehicle maker had already reportedly been laying off staff and shutting down operations. The company's chief designer left yesterday. The departures come as a result of a split between the company's Chinese investment backers and management. (More... <http://www.socaltech.com/fullstory/0076472.html>) *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> ) *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]. *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/ *SoCal IP Law Group LLP - Serving the IP Needs of Technology Innovators <http://www.socalip.com>* IP Litigation . IP Transactions . Patent & Trademark Prosecution . IP Strategy . Westlake Village . Santa Barbara . Irvine. [email protected] 805-230-1350 www.socalip.com *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 ------------------------------ *Recent Funding <#m_3964272999722958845_funding>* 10/31/18 PatientPop, Inc. <http://www.socaltech.com/intelligence/?action=showdeal&id=94133> Santa Monica $65.00 M 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 Cujo AI <http://www.socaltech.com/intelligence/?action=showdeal&id=94059> El Segundo $0.00 M 10/18/18 ProducePay <http://www.socaltech.com/intelligence/?action=showdeal&id=94058> Los Angeles $14.00 M 10/17/18 Avidity Biosciences <http://www.socaltech.com/intelligence/?action=showdeal&id=94055> La Jolla $0.00 M 10/17/18 Edlio <http://www.socaltech.com/intelligence/?action=showdeal&id=94056> Los Angeles $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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html 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. 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