*socaltech.com <http://socaltech.com> TechNews - Friday, December 21, 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 * - Semtech Sues Former Employees And New Employer, Spark Connected <#m_-5989029668744357437_0076909> - Macquarie Capital Provides $100M In Debt For Battery Storage Projects <#m_-5989029668744357437_0076910> - LA Makerspace, Imagination.org Merges With Two Bit Circus Foundation <#m_-5989029668744357437_0076911> - CoreLogic Seeks To Sell Non-Core Software Units <#m_-5989029668744357437_0076912> - AvantStay Adds $5M For Group Travel Booking <#m_-5989029668744357437_0076908> - NASA JPL, Tech Companies Hacked By Chinese Spies, Says Justice Department <#m_-5989029668744357437_0076905> - QAD Names New CEO <#m_-5989029668744357437_0076901> *Marketplace* - Peak - Facilitated Annual Leadership Team Planning for Emerging Companies by Collective Genius <#m_-5989029668744357437_ad741> - Simplify Cloud Management - Multi-Cloud Command & Control from Key Info <#m_-5989029668744357437_ad729> - Stubbs Alderton & Markiles Preccelerator <#m_-5989029668744357437_ad694> *Friday, December 21, 2018* *** Dear Readers: Happy Holidays to you and your family! We'll be publishing intermittently between now and the New Year, and will not be sending out our email every day due to a large percentage of you who are (probably already on) vacation and the huge flood of "out of office" notices to our email software. However, we will be continuing posting news to the website. We'll be featuring some great contributions from the Southern California technology community over the next couple of weeks, so be sure to check those many contributions out on the website. We'll continue our normal email schedule after the New Year. Happy Holidays! Ben *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 *Semtech Sues Former Employees And New Employer, Spark Connected* <http://www.socaltech.com/fullstory/0076909.html> Camarillo-based analog and mixed signal semiconductor developer Semtech has sued three former Semtech employees, as well as company Spark Connected, claiming that the three breached a non-competition agreement and misappropriated trade secrets from the company. (More... <http://www.socaltech.com/fullstory/0076909.html>) *Macquarie Capital Provides $100M In Debt For Battery Storage Projects* <http://www.socaltech.com/fullstory/0076910.html> Macquarie Capital, the investing arm of Macquarie Group, says it has provided $100M in a debt financing, to back development of a new battery-based energy storage project in Southern California. According to Macquarie Capital, the debt funding is part of a 52.5 MW / 315 MWh project for Southern California Edison (SCE), and will fund construction of an additional 177 MWh of behind-the-meter battery storage systems across the West Los Angeles Basin service territory. (More... <http://www.socaltech.com/fullstory/0076910.html>) *LA Makerspace, Imagination.org Merges With Two Bit Circus Foundation* <http://www.socaltech.com/fullstory/0076911.html> Two, Los Angeles-area nonprofits aimed at the "maker" and technology education market--LA Makerspace and Imagination.org, said late Thursday that they have merged with the Two Bit Circus Foundation, the nonprofit created by Two Bit Circus to promote STEAM education. The three said that by combining their efforts, they will be able to "increase efficiency and greatly broaden their program offerings" and also provide services to an expanded range of communities. (More... <http://www.socaltech.com/fullstory/0076911.html>) *CoreLogic Seeks To Sell Non-Core Software Units* <http://www.socaltech.com/fullstory/0076912.html> Irvine-based property information provider CoreLogic said late Thursday that it has launched an effort to exit "certain legacy non-core software units" at the company. According to the firm, it is looking to exit its loan origination software unit and its "legacy default management" related platforms over the next 24 months. The company did not identify all of those businesses, but said they generated approximately $40M in revenues in the first nine months of 2018. (More... <http://www.socaltech.com/fullstory/0076912.html>) *AvantStay Adds $5M For Group Travel Booking* <http://www.socaltech.com/fullstory/0076908.html> Los Angeles-based AvantStay, an online group travel site focused on millennials, said on Thursday that it has raised $5M in a funding round. The funding was led by Bullpen Capital, and also included F-Prime Capital, Zeno Ventures, Convivialite Ventures, plus prior investors Abstract Ventures and Presidio Bay Ventures. According to AvanStay, it will use the funding for accelerating expansion of its service. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showco&id=59119>)( More... <http://www.socaltech.com/fullstory/0076908.html>) *NASA JPL, Tech Companies Hacked By Chinese Spies, Says Justice Department* <http://www.socaltech.com/fullstory/0076905.html> NASA's Jet Propulsion Laboratory, in Pasadena, as well as dozens of technology companies--at least one managed service provider (MSP)--have been hacked by Chinese spies, according to an indictment by the Justice Department filed on Thursday. The indictment, filed in the United States District Court Southern District of New York, accuses a state-backed hacking group of hacking into companies from at least 2006 until 2018. ( More... <http://www.socaltech.com/fullstory/0076905.html>) *QAD Names New CEO* <http://www.socaltech.com/fullstory/0076901.html> Santa Barbara-based ERP software developer QAD has named a new CEO, saying on Thursday that it has named Anton Chilton as its new Chief Executive Officer and member of the board. Chilton replaces founder and CEO Karl Lopker, who passed away in August. Chilton was previously Chief, Global Field Operations at QAD, and has been at the company since 2004. (More... <http://www.socaltech.com/fullstory/0076901.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 *Stubbs Alderton & Markiles Preccelerator <http://stubbsalderton.com/preccelerator/>* Accelerating Growth for Early Stage Innovation The Preccelerator® Program is a platform offered to select start-up companies out of the Santa Monica office of Stubbs Alderton & Markiles, LLP that provides interim office space, sophisticated legal services, mentorship and access to a strategic perks portfolio with the objective of helping you grow your idea from business concept to funded startup. The Preccelerator® Program provides these benefits to as many as 10 promising young startups in separate growth tracks. http://stubbsalderton.com/preccelerator/ ------------------------------ *Recent Funding <#m_-5989029668744357437_funding>* 12/20/18 AvantStay <http://www.socaltech.com/intelligence/?action=showdeal&id=94684> Los Angeles $5.00 M 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 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 ------------------------------ *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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