*socaltech.com <http://socaltech.com> TechNews - Wednesday, December 19, 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. 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 ------------------------------ *Headlines * - Elon Musk Opens Prototype Transportation Tunnel Under LA <#m_4232978762012325621_0076883> - HyperX Gets Naming Rights On E-sports Truck <#m_4232978762012325621_0076881> - Fiction Riot Plans Short Form Video App <#m_4232978762012325621_0076880> - CoreLogic Completes Symbility Solutions Buy <#m_4232978762012325621_0076879> - Amgen, Molecular Partners Team On Immuno-Oncology Drugs <#m_4232978762012325621_0076882> - Snap's New VP Of Hardware Swapped Out, Again <#m_4232978762012325621_0076878> - Report: SpaceX Raising $500M For Satellite Internet Efforts <#m_4232978762012325621_0076877> - Tinder Fires Employees Over Lawsuit, Says Report <#m_4232978762012325621_0076876> - San Diego's Seismic Snags $100M, Joins Unicorns <#m_4232978762012325621_0076875> - Luxtera Acquired By Cisco For $660M <#m_4232978762012325621_0076871> *Marketplace* - SoCal IP Law Group LLP - Serving the IP Needs of Technology Innovators <#m_4232978762012325621_ad611> - Tech Coast Map & Calendar – Put Your Company On The Map! <#m_4232978762012325621_ad717> - BDO - Southern California Technology Industry Team <#m_4232978762012325621_ad737> *Wednesday, December 19, 2018* *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. *Elon Musk Opens Prototype Transportation Tunnel Under LA* <http://www.socaltech.com/fullstory/0076883.html> Elon Musk and The Boring Company have finally opened up their first, demonstration tunnel underneath the streets of Los Angeles, showing off a system which transports Tesla vehicles on guided rails under the city. The prototype system takes a Tesla vehicle down an elevator, sends it jetting through the tunnel at high speed, and back onto another elevator. (More... <http://www.socaltech.com/fullstory/0076883.html>) *HyperX Gets Naming Rights On E-sports Truck* <http://www.socaltech.com/fullstory/0076881.html> Fountain Valley-based gaming accessory maker HyperX, which is part of Kingston Technology, says it has acquired the naming rights to the HyperX Esports Truck, in a deal with e-sports company Allied Esports. The truck, formerly known as the Esports Arena DRIVE, is an 80-foot long 18-wheeler which contains a "self-contained" mobile arena for e-sports. HyperX already has a deal with Allied Esports on the HyperX Esports Arena Las Vegas. ( More... <http://www.socaltech.com/fullstory/0076881.html>) *Fiction Riot Plans Short Form Video App* <http://www.socaltech.com/fullstory/0076880.html> A new, Los Angeles-based content startup, Fiction Riot said this morning that it is plannig to launch a new mobile app, which developers short-form, video series for consumers. According to Fiction Riot, its new app, Ficto, will offer up subscription access to series from professional producers, writers, actors and artists, designed specifically for mobile usage. The first content on the platform is targeted for early 2019. The new startup is led by CEO and co-founder Mike Esola. (More... <http://www.socaltech.com/fullstory/0076880.html>) *CoreLogic Completes Symbility Solutions Buy* <http://www.socaltech.com/fullstory/0076879.html> Irvine-based *CoreLogic <http://www.corelogic.com>* announced this morning that it has completed its acquisition of *Symbility Solutions*, a developer of cloud-based, property claims workflow software for the property and casualty insurance industry. Financial details of the buy have not been announced. The acquisition was originally announced in October. According to CoreLogic, the acquisition will expand its insurance and international footprint.(More... <http://www.socaltech.com/fullstory/0076879.html>) *Amgen, Molecular Partners Team On Immuno-Oncology Drugs* <http://www.socaltech.com/fullstory/0076882.html> Thousand Oaks-based Amgen and Swiss biotech company Molecular Partners AG said Tuesday that the two are in a collaboration and licensing deal, for the commercialization of a molecule aimed at the immuno-oncology area. ( More... <http://www.socaltech.com/fullstory/0076882.html>) *Snap's New VP Of Hardware Swapped Out, Again* <http://www.socaltech.com/fullstory/0076878.html> Venice, California-based Snap is continuing to see turnover in its hardware unit, SnapLab, and has lost its VP of Hardware Development in charge of its Spectacles sunglasses product, the third head of that unit in the past six months. Sahil Sharma, VP of Hardware Development at SnapLab, had only been there since July, when he took over from former Vice President of Hardware Mark Randall. (More... <http://www.socaltech.com/fullstory/0076878.html>) *Report: SpaceX Raising $500M For Satellite Internet Efforts* <http://www.socaltech.com/fullstory/0076877.html> Hawthorne-based SpaceX is in the midst of raising another $500M in funding, according to the WSJ, in a funding round to help it bring its constellation of Internet satellites to space. According to the report--citing "people familiar with the fundraising"--the new round values SpaceX at $30.5 billion. The funding reportedly is coming form Baillie Gifford & Co., along with its existing shareholders. After the funding round, SpaceX will have raised a total of $2. (More... <http://www.socaltech.com/fullstory/0076877.html>) *Tinder Fires Employees Over Lawsuit, Says Report* <http://www.socaltech.com/fullstory/0076876.html> Los Angeles-based dating/hookup app developer Tinder has reportedly fired a number of employees who had joined in a lawsuit against the company, as well as parent company Match Group, over what that group had said was "deliberate lowering" of the valuation of Tinder in order to deprive them of stock options gains. The report, from The Verge, said that the fired employees include vice president of marketing and communications Rosette Pambakian, as well as other employees in the lawsuit. (More... <http://www.socaltech.com/fullstory/0076876.html>) *San Diego's Seismic Snags $100M, Joins Unicorns* <http://www.socaltech.com/fullstory/0076875.html> San Diego-based Seismic, a developer of sales and marketing software, has raised $100M more in a funding round, which values the company at $1 billion, the company said on Tuesday. The funding round came from Lightspeed Venture Partners, T. Rowe Price, plus General Atlantic, JMI Equity, and Jackson Square Ventures. The startup, led by CEO Doug Winter, develops software used to enable sales and marketing efforts in the enterprise. (Funding Details <https://www.socaltech.com/intelligence/?action=showco&id=37912>)(More... <http://www.socaltech.com/fullstory/0076875.html>) *Luxtera Acquired By Cisco For $660M* <http://www.socaltech.com/fullstory/0076871.html> In a big exit for Southern California, Carlsbad-based Luxtera, a developer of optical semiconductors used in the high speed networking market, has been acquired by Cisco, in a deal worth $660M in cash and assumed equity options. According to Cisco, it will incorporate Luxtera's technology into its "intent-based" networking portfolio. Luxtera's semiconductors are used in optical transceivers, including 100GbE and 400GbE networks. (More... <http://www.socaltech.com/fullstory/0076871.html>) *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 *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. *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 ------------------------------ *Recent Funding <#m_4232978762012325621_funding>* 12/18/18 Seismic <http://www.socaltech.com/intelligence/?action=showdeal&id=94681> Solana Beach $100.00 M 12/13/18 Vyng <http://www.socaltech.com/intelligence/?action=showdeal&id=94563> Los Angeles $4.00 M 12/13/18 Procore Technologies <http://www.socaltech.com/intelligence/?action=showdeal&id=94564> Carpinteria $75.00 M 12/13/18 Akero Therapeutics <http://www.socaltech.com/intelligence/?action=showdeal&id=94565> South San Francisco $70.00 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 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 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. 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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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