*socaltech.com <http://socaltech.com> TechNews - Thursday, December 20, 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. Singer Lewak (http://www.singerlewak.com) Accounting and Consulting for Growing and Innovative Businesses ------------------------------ *Headlines * - Fair Finds $385M For Auto Service <#m_-3244625237525613608_0076899> - HyreCar Names Partnership VP <#m_-3244625237525613608_0076900> - EDF Renewables, Shell In Joint Venture On 2500MW Offshore Wind Project <#m_-3244625237525613608_0076898> - Teledyne Buys Scientific Imaging Business From Roper For $225M <#m_-3244625237525613608_0076897> - TITAN School Solutions Finds $5.2M <#m_-3244625237525613608_0076893> - BookingPal Names Former Interhome CEO To Board <#m_-3244625237525613608_0076892> - The Trade Desk Signs PubMatic <#m_-3244625237525613608_0076890> - Elementary Robotics Finds $3.6M <#m_-3244625237525613608_0076889> *Marketplace* - Peak - Facilitated Annual Leadership Team Planning for Emerging Companies by Collective Genius <#m_-3244625237525613608_ad741> - Simplify Cloud Management - Multi-Cloud Command & Control from Key Info <#m_-3244625237525613608_ad729> - Square 1 Bank <#m_-3244625237525613608_ad695> - Stradling <#m_-3244625237525613608_ad608> - Early Stage Commercial Insurance - Pacific Unified Insurance Agency <#m_-3244625237525613608_ad596> *Thursday, December 20, 2018* *Fair Finds $385M For Auto Service* <http://www.socaltech.com/fullstory/0076899.html> Santa Monica-based Fair, which operates a service which lets consumers essentially gain access to automobiles on a month-to-month "car-as-a-service" program, has raised a giant, $385M funding round. The funding was led by SoftBank, and also included Exponential Ventures, Munich Re Venture's ERGO Fund, G Squared, and CreditEase. (More... <http://www.socaltech.com/fullstory/0076899.html>) *HyreCar Names Partnership VP* <http://www.socaltech.com/fullstory/0076900.html> Los Angeles-based car sharing marketplace HyreCar, which operates a service which is aimed at providing vehicles to ridesharing drivers, said this morning that it has named Brian Allan as its new Senior Director, Strategic Partnerships. Allan spent 30 years at Galpin Premier Automotive Group, the luxury division of Galpin Motors. According to HyreCar, Allan will lead its automotive OEm and dealer-based shared mobility initiatives and strategic alliances. (More... <http://www.socaltech.com/fullstory/0076900.html>) *EDF Renewables, Shell In Joint Venture On 2500MW Offshore Wind Project* <http://www.socaltech.com/fullstory/0076898.html> San Diego-based EDF Renewables North America, which develops renewable energy projects such as solar and wind farms and Shell New Energies US LLC (Shell), said late Wednesday that the two are in a 50/50 joint venture to develop wind farms off the shore of New Jersey. According to the two, the area has the potential to produce approximately 2,500 megawatts of offshore wind energy. Financial details of the joint venture were not announced. ( More... <http://www.socaltech.com/fullstory/0076898.html>) *Teledyne Buys Scientific Imaging Business From Roper For $225M* <http://www.socaltech.com/fullstory/0076897.html> Thousand Oaks-based Teledyne Technologies announced on Wednesday afternoon that it has acquired a number of scientific imaging brands from Roper Technologies, in a deal worth $225M in cash. According to Teledyne, the businesses include Princeton Instruments, Photometrics and Lumenera, as well as other brands. Roper Technologies is based in Sarasota, Florida. ( More... <http://www.socaltech.com/fullstory/0076897.html>) *TITAN School Solutions Finds $5.2M* <http://www.socaltech.com/fullstory/0076893.html> Irvine-based TITAN School Solutions, a developer of nutrition software and services for K-12 school districts, said on Wednesday that it has raised $5.2M in its Series A funding round. The funding was led by Wavemaker Partners and Springboard Ventures, and also included RezVen Partners. According to Titan, the funding will go towards buildings its software, plus sales and marketing. (More... <http://www.socaltech.com/fullstory/0076893.html>) *BookingPal Names Former Interhome CEO To Board* <http://www.socaltech.com/fullstory/0076892.html> Irvine-based *BookingPal <http://www.bookingpal.com>*, which develops vacation rental distribution and booking software, said on Wednesday that it has named Simon Lehmann, the former CEO of Interhome, to its board of directors. Lehmann also previously was on the board of HomeAway, and had served as presidento f travel reseadrch firm PhocusWright. BookingPal is led by founder and CEO Alex Aydin.(More... <http://www.socaltech.com/fullstory/0076892.html>) *The Trade Desk Signs PubMatic* <http://www.socaltech.com/fullstory/0076890.html> Los Angeles-based programmatic advertising platform provider *The Trade Desk <http://www.thetradedesk.com>* said on Wednesday that advertising technoloy platform developer *PubMatic <http://www.pubmatic.com>* has selected the company's unified IT solutions on its sell-side platform. Financial impact of the win were not announced. The companies said the deal will help improve the impact and effectiveness of addressable audience reach.(More... <http://www.socaltech.com/fullstory/0076890.html>) *Elementary Robotics Finds $3.6M* <http://www.socaltech.com/fullstory/0076889.html> Los Angeles-based Elementary Robotics, which is developing robotics technology for "intelligent robot assistants", said on Wednesday it has raised $3.6M in a Series A funding. The funding was led by Fika Ventures and Fathom Capital, and also included Toyota AI Ventures, Ubiquity Ventures, Riot.vc, Osage University Partners, and Stage Venture Partners. The company has now raised $4.8M in total funding, including a pre-seed funding it raised in October of last year. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showco&id=59111>)( More... <http://www.socaltech.com/fullstory/0076889.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. *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 *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]. *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. *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] ------------------------------ *Recent Funding <#m_-3244625237525613608_funding>* 12/19/18 Elementary Robotics <http://www.socaltech.com/intelligence/?action=showdeal&id=94682> Los Angeles $3.60 M 12/18/18 Seismic <http://www.socaltech.com/intelligence/?action=showdeal&id=94681> Solana Beach $100.00 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 12/13/18 Vyng <http://www.socaltech.com/intelligence/?action=showdeal&id=94563> Los Angeles $4.00 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html ------------------------------ *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. 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