*socaltech.com <http://socaltech.com> TechNews - Friday, December 14, 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 * - Cylance Launches Virtual Chief Information Security Officer Service <#m_7070067709001958973_0076833> - The Grinch Comes To Jam City's Panda Pop <#m_7070067709001958973_0076829> - Scopely Launches New Game, Looney Tunes World Of Mayhem <#m_7070067709001958973_0076832> - Transphorm: Over A Quarter Million Devices Shipped <#m_7070067709001958973_0076831> - FastPay Names Rubicon Vet As GM And SVP Payments <#m_7070067709001958973_0076830> - IMAX Shutters Virtual Reality Effort, Flagship LA VR Location <#m_7070067709001958973_0076828> - Versant Backed Akero Therapeutics Gets $70M More <#m_7070067709001958973_0076827> - Rocket Lab Up Next For Satellite Launch <#m_7070067709001958973_0076825> - Virgin Galactic Returns To Space In Fourth Test Flight <#m_7070067709001958973_0076824> - Procore Collects $75 Million More, Now Worth $3 Billion <#m_7070067709001958973_0076823> - Razor Share Launches Scooter Rentals Across LA <#m_7070067709001958973_0076822> - Vyng Picks Up $4M For Video Ringtones <#m_7070067709001958973_0076819> - Volvo Planning Major Electric Truck Rollout In LA <#m_7070067709001958973_0076814> *Marketplace* - Peak - Facilitated Annual Leadership Team Planning for Emerging Companies by Collective Genius <#m_7070067709001958973_ad741> - BDO - Southern California Technology Industry Team <#m_7070067709001958973_ad737> - Simplify Cloud Management - Multi-Cloud Command & Control from Key Info <#m_7070067709001958973_ad729> - SoCal IP Law Group LLP - Serving the IP Needs of Technology Innovators <#m_7070067709001958973_ad611> *Friday, December 14, 2018* *Cylance Launches Virtual Chief Information Security Officer Service* <http://www.socaltech.com/fullstory/0076833.html> Irvine-based cybersecurity software developer Cylance has launched a new service, intended to help companies patch the inability to fill the holes they have in the cybersecurity area, which will provide a "virtual Chief Information Security Officer" (CISO). (More... <http://www.socaltech.com/fullstory/0076833.html>) *The Grinch Comes To Jam City's Panda Pop* <http://www.socaltech.com/fullstory/0076829.html> Los Angeles-based mobile app developer Jam City says the classic Dr. Seuss character, The Grinch, is crashing its popular Panda Pop again this year, as a special holiday collaboration with Dr. Seuss Enterprises and White Space Entertainment. According to Jam City, The Grinch will be featured in special artwork, events, and prizes through December in its bubble shooter game, as well as events and activities for its players. (More... <http://www.socaltech.com/fullstory/0076829.html>) *Scopely Launches New Game, Looney Tunes World Of Mayhem* <http://www.socaltech.com/fullstory/0076832.html> Los Angeles-based mobile game publisher Scopely announced a new mobile game title this week, Looney Tunes World of Mayhem, a new game based on characters licensed from Warner Bros. Interactive Entertainment. According to Scopely, the new game bring in an entire world of Looney Tunes characters, who go into battle with "anvils, instant boulders and other ACME devices of destruction." The new game is available as a free download on iOS and Android. (More... <http://www.socaltech.com/fullstory/0076832.html>) *Transphorm: Over A Quarter Million Devices Shipped* <http://www.socaltech.com/fullstory/0076831.html> Goleta-based Transphorm, which develops gallium nitride (GaN) semiconductors, says it has now shipped over a 250,000 of its GaN FET power devices. According to Transphorm, the devices--manufactured in a fabrication facility owned by the company in Aizu, Japan--are being used in power supply applications. The company explained it currenly has an annual installed capacity base of 15 million parts of its most popular product, with an ability to scale to 2x to 5x that volume "easily". (More... <http://www.socaltech.com/fullstory/0076831.html>) *FastPay Names Rubicon Vet As GM And SVP Payments* <http://www.socaltech.com/fullstory/0076830.html> Los Angeles-based fintech startup FastPay, which offers up faster access to advertising revenue for media companies, said this week that it has named Michael Wehner as its General Manager and Senior Vice President of Payments. FastPay said that Wehner joins from The Rubicon Project, where he was Senior Vice President of Agency & Brand Sales. He also has served at Microsoft, IBM, and Yahoo, and has more than 20 years of sales and business development experience in the digital media area. (More... <http://www.socaltech.com/fullstory/0076830.html>) *IMAX Shutters Virtual Reality Effort, Flagship LA VR Location* <http://www.socaltech.com/fullstory/0076828.html> Big screen movie theater operator IMAX is shutting down all of its virtual reality theater locations, including its flagship location in Los Angeles, the company said in a regulatory filing on Thursday--not a good sign for companies hoping to make location-based virtual reality a business. According to IMAX, it has decided to close all of its remaining VR locations, and write of certain VR content investments, taking a one-time impairment charge of $6.9 million in its fourth quarter of 2018. (More... <http://www.socaltech.com/fullstory/0076828.html>) *Versant Backed Akero Therapeutics Gets $70M More* <http://www.socaltech.com/fullstory/0076827.html> Akero Therapeutics, a biotechnology startup backed by San Diego's Versant Ventures, which developing treatments for non-alcohol steatohepatitis (NASH) and other serious metabolic diseases, has raised $70M in a Series B funding round. (More... <http://www.socaltech.com/fullstory/0076827.html>) *Rocket Lab Up Next For Satellite Launch* <http://www.socaltech.com/fullstory/0076825.html> In what has already been a very busy week for Southern California's commercial space industry, it looks like the next local company to put a payload into space is likely to be Huntington Beach-based Rocket Lab, which is targeting a launch of ten satellites for NASA on Sunday, December 16th. Rocket Lab says it is targeting targeting no earlier than 04:00 UTC on Sunday for the NASA ELaNa-19 launch, which will put 10, "CubeSat" missions into space, developed by universities from around the U.S. (More... <http://www.socaltech.com/fullstory/0076825.html>) *Virgin Galactic Returns To Space In Fourth Test Flight* <http://www.socaltech.com/fullstory/0076824.html> Mojave-based Virgin Galactic, the spaceflight and space tourism company founded by Sir Richard Branson, has returned to space, after its fourth test flight on Thursday. According to Virgin Galactic, the SpaceShipTwo VSS Unity landed successfully after reaching 51.4 miles above the earth, reaching speeds of three times the speed of sound above Mojave. (More... <http://www.socaltech.com/fullstory/0076824.html>) *Procore Collects $75 Million More, Now Worth $3 Billion* <http://www.socaltech.com/fullstory/0076823.html> Carpinteria-based software developer Procore has raised $75M more in a funding round, bringing its valuation to a heady $3 billion, in a round led by Tiger Global Management, the firm said Thursday. According to Procore, the funding will go towards product development, partner platform expansion, plus hiring. The company--which has rumored to be prepping for an IPO--has raised somewhere north of $250M now in total funding. (Funding Details <https://www.socaltech.com/intelligence/?action=showco&id=1854>)( More... <http://www.socaltech.com/fullstory/0076823.html>) *Razor Share Launches Scooter Rentals Across LA* <http://www.socaltech.com/fullstory/0076822.html> Just when you thought you couldn't trip over yet another scooter on your way out of the office, another, on-demand scooter rental service--Razor Share, has launched in Los Angeles. The new, smartphone-driven electric scooter rental service is launching in Los Feliz, Sherman Oaks, and West Los Angeles, joining a very long list of scooter rental firms--including Bird, Lime, Lyft, and Uber--who are attempting to gain an upper hand on "last-mile" transportation in the region. (More... <http://www.socaltech.com/fullstory/0076822.html>) *Vyng Picks Up $4M For Video Ringtones* <http://www.socaltech.com/fullstory/0076819.html> Venice, California-based startup Vyng, which develops software which turns calls from friends into cute "video ringtones" that show up on your lock screen when a friend calls, has raised $4M in a funding round, the company said on Thursday. Vyng said it raised $4M in its Series A funding, which was led by Omidyar Network India, and also included March Capital Partners, Alpha Edison, and the Entrepreneur Fund. (Funding Details <https://www.socaltech.com/intelligence/?action=showco&id=55636>)(More... <http://www.socaltech.com/fullstory/0076819.html>) *Volvo Planning Major Electric Truck Rollout In LA* <http://www.socaltech.com/fullstory/0076814.html> Volvo Trucks North America, the truck manufacturing arm of Volvo, says it plans on a major rollout of electric cars in the Los Angeles area, starting next year. According to Volvo, it will roll out 23, heavy-duty battery-electric trucks in 2019 and 2020, in Ontario, Chino, Fontana and Placentia, as part of a grant from the South Coast Air Quality Management District (SCAQMD). The grant--worth $44. (More... <http://www.socaltech.com/fullstory/0076814.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 *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 ------------------------------ *Recent Funding <#m_7070067709001958973_funding>* 12/13/18 Vyng <http://www.socaltech.com/intelligence/?action=showdeal&id=94563> Los Angeles $4.00 M 12/13/18 Akero Therapeutics <http://www.socaltech.com/intelligence/?action=showdeal&id=94565> South San Francisco $70.00 M 12/13/18 Procore Technologies <http://www.socaltech.com/intelligence/?action=showdeal&id=94564> Carpinteria $75.00 M 12/11/18 Jaanuu <http://www.socaltech.com/intelligence/?action=showdeal&id=94561> El Segundo $15.00 M 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 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html 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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