*socaltech.com <http://socaltech.com> TechNews - Thursday, November 8, 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 * - Preccelerator Program Targets $25K Investments In Startups <#m_-3185735097691692876_0076552> - ServiceTitan Acquires JaRay Software <#m_-3185735097691692876_0076553> - Cornerstone OnDemand Acquires Grovo <#m_-3185735097691692876_0076551> - SpaceX Seeks $750M In Debt Funding <#m_-3185735097691692876_0076546> - Mirium Pharmaceuticals Finds $120M <#m_-3185735097691692876_0076545> - Idealab's Energy Vault Launches Energy Storage Technology <#m_-3185735097691692876_0076543> - Riot Games Sued Over Discrimination <#m_-3185735097691692876_0076544> *Marketplace* - BDO USA - Southern California Technology Industry Team <#m_-3185735097691692876_ad737> - Simplify Cloud Management - Multi-Cloud Command & Control from Key Info <#m_-3185735097691692876_ad729> - Tech Coast Map & Calendar – Put Your Company On The Map! <#m_-3185735097691692876_ad717> - Square 1 Bank <#m_-3185735097691692876_ad695> *Thursday, November 8, 2018* *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] *Preccelerator Program Targets $25K Investments In Startups* <http://www.socaltech.com/fullstory/0076552.html> Los Angeles-based, early stage startup accelerator The Precellerator Program, which is associated with legal firm Stubbs Alderton & Markiles, LLP, says this morning that it will start investing $25,000 in unrestricted cash in the startups which join its program, in addition to the $25,000 in legal services it already provides to participants. The move is the first for the program to providing cash investments in startups. (More... <http://www.socaltech.com/fullstory/0076552.html>) *ServiceTitan Acquires JaRay Software* <http://www.socaltech.com/fullstory/0076553.html> Glendale-based ServiceTitan, which develops software for the residential HVAC, plumbing, electrical, and home services business market, has acquired Kansas-based JaRay Software, the company announced this morning. Financial terms of the acquisition were not announced. JaRay Software is a developer of service business management software, and was founded by Paul Farmer Sr. and his family 40 years ago when he was a Roto-Rooter franchise owner, and was run by his family until the acquisition. (More... <http://www.socaltech.com/fullstory/0076553.html>) *Cornerstone OnDemand Acquires Grovo* <http://www.socaltech.com/fullstory/0076551.html> Santa Monica-based Cornerstone OnDemand, which develops cloud-based learning and human capital management software, said late Wednesday that it has acquired Grovo Learning, a provider of "micro-learning" content, in a deal worth $24M in cash. According to Cornerstone OnDemand, Grovo had more than 300 clients, including Gap, Hulu, Chevron, and Wells Fargo. Grovo was founded in 2010, and has offices in New York City and San Francisco. ( More... <http://www.socaltech.com/fullstory/0076551.html>) *SpaceX Seeks $750M In Debt Funding* <http://www.socaltech.com/fullstory/0076546.html> Hawthorne, California-based *SpaceX <http://www.spacex.com>*, the commercial space exploration firm run by Elon Musk, is looking to raised $750M in a leveraged loan offering, according to a report on Tuesday. The loan effort is being led by BofA Merrill Lynch. The debt funding effort is apparently the company's first time it has attempted to tap into the institutional debt market.(More... <http://www.socaltech.com/fullstory/0076546.html>) *Mirium Pharmaceuticals Finds $120M* <http://www.socaltech.com/fullstory/0076545.html> San Diego-based Mirium Pharmaceuticals, which is developing treatments for rare liver diseases, announced on Wednesday morning that it has raised $120M in a Series A funding round. The funding was led by New Enterprise Associates (NEA), and also included Deerfield Management, Frazier Healthcare Partners, Novo Holdings A/S, Pappas Capital, RiverVest Venture Partners and Rock Springs Capital. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showdeal&id=94247> )(More... <http://www.socaltech.com/fullstory/0076545.html>) *Idealab's Energy Vault Launches Energy Storage Technology* <http://www.socaltech.com/fullstory/0076543.html> Energy Vault, a startup created by Pasadena-based startup incubator Idealab, announced this morning that it has launched its utility-scale energy storage technology into commercial availability. Energy Vault's technology--which looks like a wild idea created in Minecraft--uses immense concrete blocks, which store energy from renewable energy, using the same principles of pumping and storing water for energy storage. (More... <http://www.socaltech.com/fullstory/0076543.html>) *Riot Games Sued Over Discrimination* <http://www.socaltech.com/fullstory/0076544.html> Los Angeles-based videogame maker Riot Games has been sued by a number of current and former employees, over gender discrimination, alleging that the company has stifled the promotions and pay of female employees. The lawsuit also alleges that here is "ongoing sexual harassment, misconduct, and bias" at the company, which is 80% male. The suit seeks compensation on unpaid wages, damages, and other penalties. (More... <http://www.socaltech.com/fullstory/0076544.html>) *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 *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 *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 [email protected] 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 [email protected]. ------------------------------ *Recent Funding <#m_-3185735097691692876_funding>* 11/07/18 Mirium Pharmaceuticals <http://www.socaltech.com/intelligence/?action=showdeal&id=94247> San Diego $120.00 M 11/06/18 Engineer.ai <http://www.socaltech.com/intelligence/?action=showdeal&id=94246> Los Angeles $29.50 M 11/02/18 Syntiant <http://www.socaltech.com/intelligence/?action=showdeal&id=94171> Irvine $25.00 M 11/01/18 RingDNA, Inc. <http://www.socaltech.com/intelligence/?action=showdeal&id=94170> Sherman Oaks $10.00 M 11/01/18 Imbellus <http://www.socaltech.com/intelligence/?action=showdeal&id=94168> Los Angeles $14.50 M 10/31/18 PatientPop, Inc. <http://www.socaltech.com/intelligence/?action=showdeal&id=94133> Santa Monica $65.00 M 10/30/18 LegalZoom.com <http://www.socaltech.com/intelligence/?action=showdeal&id=94128> Glendale $0.00 M 10/30/18 WAYV <http://www.socaltech.com/intelligence/?action=showdeal&id=94129> Los Angeles $5.00 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html 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* SHIFT HAPPENS: DIGITAL TRANSFORMATION AND BUSINESS. Cross Campus. Worldwide spending on digital transformation technologies -- hardware, software, and services -- hit $1.3 trillion in 2017. Spending is expected to almost double between now and 2021 when the total amount spent on digitalization globally will surpass $2.1 trillion. Technology impacts every industry and the way we conduct business. Digital transformation, the modernization of IT infrastructure, speeds business change, provides companies with competitive differentiation, and increases value – not only with customers but also of the digitally transformed company itself. 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 10, Los Angeles -- *brunchwork w/ Warner Music Group & Art Muse* brunchwork w/ Warner Music Group & Art Muse. You're invited to an unforgettable sweetgreen brunch with Aton Ben-Horin, Global Vice President of A&R for Warner Music Group, and ArtMuse founder Natasha Schlesinger. Enjoy a fireside chat with Aton and Natasha, curated connections, a business challenge and pitch off...over a seasonal, locally-sourced meal. See http://www.socaltech.com/calendar/eventid/26280 November 13, Los Angeles -- *DTLA Pitch Night* DTLA Pitch Night. 2nd Annual Startups in the Sky. See http://www.socaltech.com/calendar/eventid/26277 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* 17th Annual Advancing Women in Technology Wine Tasting & Scholarship Fundraiser. Join in the celebration on Thursday, November 15 as we recognize this year’s scholarship recipients and our 2018 Rising Women and Outstanding Executives in Technology. Enjoy wine tasting, a light dinner, a fantastic silent auction, and networking with our tech community. 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 November 30, Los Angeles -- *LA Auto Show* LA Auto Show.Last year, the global show had 1,000 of the latest models, vehicle debuts, and concept cars on display and this year, the expectation is no different. See http://www.socaltech.com/calendar/eventid/26240 December 1, Los Angeles -- *LA Auto Show* LA Auto Show.Last year, the global show had 1,000 of the latest models, vehicle debuts, and concept cars on display and this year, the expectation is no different. See http://www.socaltech.com/calendar/eventid/26241 December 1, Los Angeles -- *The In.flux Reality Mixer* The In.flux Reality Mixer. The In.flux Reality Mixer is a quarterly innovation lounge. Mixed reality art meets provocative conversations, a hosted bar and signature small bites. See http://www.socaltech.com/calendar/eventid/26257 December 2, Los Angeles -- *LA Auto Show* LA Auto Show.Last year, the global show had 1,000 of the latest models, vehicle debuts, and concept cars on display and this year, the expectation is no different. See http://www.socaltech.com/calendar/eventid/26242 December 3, Los Angeles -- *LA Auto Show* LA Auto Show.Last year, the global show had 1,000 of the latest models, vehicle debuts, and concept cars on display and this year, the expectation is no different. See http://www.socaltech.com/calendar/eventid/26243 December 4, Los Angeles -- *LA Auto Show* LA Auto Show.Last year, the global show had 1,000 of the latest models, vehicle debuts, and concept cars on display and this year, the expectation is no different. See http://www.socaltech.com/calendar/eventid/26244 December 5, Los Angeles -- *LA Auto Show* LA Auto Show.Last year, the global show had 1,000 of the latest models, vehicle debuts, and concept cars on display and this year, the expectation is no different. See http://www.socaltech.com/calendar/eventid/26245 December 6, Los Angeles -- *LA Auto Show* LA Auto Show.Last year, the global show had 1,000 of the latest models, vehicle debuts, and concept cars on display and this year, the expectation is no different. See http://www.socaltech.com/calendar/eventid/26246 December 7, Los Angeles -- *LA Auto Show* LA Auto Show.Last year, the global show had 1,000 of the latest models, vehicle debuts, and concept cars on display and this year, the expectation is no different. See http://www.socaltech.com/calendar/eventid/26247 ------------------------------ *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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