*socaltech.com <http://socaltech.com> TechNews - Monday, December 10, 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). Key info (http://www.keyinfo.com) infrastructure ~ connectivity ~ co-location ~ cloud ------------------------------ *Headlines * - TrueCar Buys DealerScience <#m_3180666508088223008_0076763> - Analytics Ventures Launches New Company Focused On AI Stock Trading <#m_3180666508088223008_0076764> - Viasat Tops 1,000 Commercial Aircraft Using Its In-Flight Wireless <#m_3180666508088223008_0076765> - Report: Qualcomm Cuts 125 In San Diego <#m_3180666508088223008_0076767> - Elon Musk Keeps Up Fight With SEC <#m_3180666508088223008_0076768> - CerraCap Gets Exit At Swych <#m_3180666508088223008_0076766> - WhiteFox Defense Lands $12M For Drone, Airspace Management <#m_3180666508088223008_0076746> *Marketplace* - Peak - Facilitated Annual Leadership Team Planning for Emerging Companies by Collective Genius <#m_3180666508088223008_ad741> - BDO - Southern California Technology Industry Team <#m_3180666508088223008_ad737> - Simplify Cloud Management - Multi-Cloud Command & Control from Key Info <#m_3180666508088223008_ad729> - Stradling <#m_3180666508088223008_ad608> *Monday, December 10, 2018* *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. *TrueCar Buys DealerScience* <http://www.socaltech.com/fullstory/0076763.html> Santa Monica-based TrueCar announced on Friday that it acquired DealerScience, a developer of digital retailing software for the automotive industry. Financial details of the acquisition were not announced. DealerScience was based in Boston, and has 28 employees. According to TrueCar, DealerScience will become a subsidiary of the company, and will focus on product development, sales and customer training. (More... <http://www.socaltech.com/fullstory/0076763.html>) *Analytics Ventures Launches New Company Focused On AI Stock Trading* <http://www.socaltech.com/fullstory/0076764.html> San Diego-based venture studio Analytics Ventures announced this morning that it has launched a new company out of its venture studio, AlphaTrAI, a new online automated stock trading platform which it says uses artificial intelligence along with "multiple sophisticated trading strategies" to automatically trade stocks. Financial details of the investment in AlphaTrAI were not announced. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showco&id=59030>)( More... <http://www.socaltech.com/fullstory/0076764.html>) *Viasat Tops 1,000 Commercial Aircraft Using Its In-Flight Wireless* <http://www.socaltech.com/fullstory/0076765.html> Carlsbad-based satellite communications provider Viasat says it has just hit 1,000 commercial aircraft using its in-flight wireless communications systems. According to Viasat, more than 400 of those installs were installed in 2018, with more than half of those installed in the second half of the year. Viasat offers up a satellite-based, high speed Internet service. (More... <http://www.socaltech.com/fullstory/0076765.html>) *Report: Qualcomm Cuts 125 In San Diego* <http://www.socaltech.com/fullstory/0076767.html> San Diego-based Qualcomm has laid of 125 employees in San Diego, part of a contingent of 269 employees laid off across the company in its data center processor business, according to a report this morning. According to the report, the layoffs come as Qualcomm has been winding down its data center unit, which now apparently only has around 50 employees--down from nearly 1,000 earlier this year. (More... <http://www.socaltech.com/fullstory/0076767.html>) *Elon Musk Keeps Up Fight With SEC* <http://www.socaltech.com/fullstory/0076768.html> Elon Musk, the technology mogul behind SpaceX and Tesla Motors, apparently is continuing his disparagement of the Securities and Exchange Commission, this time on an interview with 60 Minutes. In an interview, aired over the weekend, Elon Musk says "I want to be clear. I do not respect the SEC. I do not respect them." Musk and Tesla settled a lawsuit by the SEC in October, settling charges brought by the SEC over disclosure controls and procedures around Musk's tweets. (More... <http://www.socaltech.com/fullstory/0076768.html>) *CerraCap Gets Exit At Swych* <http://www.socaltech.com/fullstory/0076766.html> Costa Mesa-based venture capital investor CerraCap Ventures says it has seen an exit out of its investment portfolio, saying that the sale of digital gifting and exchange company Swych resulted in a 4.3X return for the firm in less than two years. Swytch was a developer of digital gift card and mobile gifting apps, and was acquired about four weeks ago by a company called Finablr. (More... <http://www.socaltech.com/fullstory/0076766.html>) *WhiteFox Defense Lands $12M For Drone, Airspace Management* <http://www.socaltech.com/fullstory/0076746.html> San Luis Obispo-based WhiteFox Defense Technologies, a new startup developing technology which protects critical infrastructure against drone intrusions, has raised $12.0M in a Series Seed funding round. The funding was led by JAM Capital, and also included Stage Venture Partners, Okapi Venture Capital, Serra Ventures, OCA Ventures, as well as Frontier Venture Capital. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showdeal&id=94518> )(More... <http://www.socaltech.com/fullstory/0076746.html>) *Peak - Facilitated Annual Leadership Team Planning for Emerging Companies by Collective Genius <https://collective-genius.com/getting-to-peak/>* If you wanted to reach the peak of Mount Everest, you wouldn’t just gather a few friends, buy some supplies, and start hiking. Similar to building a growth company, you wouldn’t just hire a few people, build some products, and win a market. Peak is a facilitated annual leadership team planning session for emerging growth companies. It's a one day leadership team session to create company focus and clarity around a three year vision, one year plan, and quarterly priorities. With the vision and plan set, Peak provides leadership tools and systems to keep the team on track. To learn more contact us to schedule a 45 minute walk through at [email protected] or 1.424.259.3036. Collective Genius - Leadership Planning and Recruiting for Emerging Growth Companies. http://www.collective-genius.com. *BDO - 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. For more information, please contact our LA Technology leaders Anthony Ferguson, Tim Clackett, and Kris Kaufmann at [email protected]. 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 *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_3180666508088223008_funding>* 12/10/18 AlphaTrAi <http://www.socaltech.com/intelligence/?action=showdeal&id=94532> Los Angeles $0.00 M 12/06/18 WhiteFox Drone Defense <http://www.socaltech.com/intelligence/?action=showdeal&id=94518> San Luis Obispo $12.00 M 12/04/18 Freeletics <http://www.socaltech.com/intelligence/?action=showdeal&id=94355> Los Angeles $45.00 M 11/30/18 Viacyte <http://www.socaltech.com/intelligence/?action=showdeal&id=94286> San Diego $80.00 M 11/21/18 PlayVS <http://www.socaltech.com/intelligence/?action=showdeal&id=94252> Santa Monica $30.50 M 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 Imbellus <http://www.socaltech.com/intelligence/?action=showdeal&id=94168> Los Angeles $14.50 M 11/01/18 RingDNA, Inc. <http://www.socaltech.com/intelligence/?action=showdeal&id=94170> Sherman Oaks $10.00 M 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html December 10, Irvine -- *South Bay Monday Club Member Holiday Lunch* South Bay Monday Club Member Holiday Lunch. Email [email protected]. See http://www.socaltech.com/calendar/eventid/26284 December 11, Long Beach -- *Institute for Innovation & Entrepreneurship* Financials: Projections & Using a Spreadsheet w/ Dr. Pia Gupta. CSULB Institute for Innovation & Entrepreneurship. This workshop will focus on how to set up and integrate your financial projections into your business plan. This is a CRITICAL part of your business plan – and may determine whether you get in front of a potential investor or not. Dr. Pia Gupta (Associate Professor of Finance at CSULB) will lead a discussion on the Financial Projections workshop and MBA alumni/Incubator co-founders will be there to provide one-on-one support. . See http://www.socaltech.com/calendar/eventid/26287 December 13, Palos Verdes -- *South Bay Monday Club Member Holiday Lunch* South Bay Monday Club Member Holiday Lunch. Email [email protected]. See http://www.socaltech.com/calendar/eventid/26285 December 14, Los Angeles -- *Financial Services Cybersecurity Roundtable* Financial Services Cybersecurity Roundtable. Special Guest: Joseph Moussiaux, City National Bank, is a retired Special Agent of the U.S. Department of Justice and is currently a Corporate Security Investigator at City National Bank. Joe was instrumental on numerous investigative cases leading to the arrest and conviction of the illicit use of bitcoin. He will provide an overview on bitcoin: how and where it’s purchased, mined, used for illicit purposes, what is a block-chain, a digital wallet, and more. See http://www.socaltech.com/calendar/eventid/26206 December 14, San Diego -- *Stradling Office Hours @ CONNECT, Dec 14* Office Hours @ CONNECT with Stradling. Amit Singh is a shareholder in Stradling’s Corporate and Securities practice group and is a member of the firm's Mergers & Acquisitions and Emerging Growth practice groups. Amit has extensive experience advising emerging growth companies and the investors that finance them.. See http://www.socaltech.com/calendar/eventid/26286 December 19, Westlake Village -- *2018 ACG 101 Holiday Reception and Spark of Love Toy Drive* 2018 ACG 101 Holiday Reception and Spark of Love Toy Drive. ACG 101 Corridor Chapter. See http://www.socaltech.com/calendar/eventid/26288 ------------------------------ *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 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. 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