*socaltech.com <http://socaltech.com> TechNews - Thursday, January 3, 2019* 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 * - Cloud Constellation Finds $100M More For Space Data Network <#m_-6649838460645323432_0076946> - Thousand Oaks Biopharmaceuticals Gets $45M In Series A For Biotech Manufacturing <#m_-6649838460645323432_0076948> - Forge Therapeutics Gets $11.1M <#m_-6649838460645323432_0076947> - Cubic Buys GRIDSMART For $87M <#m_-6649838460645323432_0076949> - Medsphere Buys Healthline Solutions <#m_-6649838460645323432_0076951> - Hire A Pro Connects Users With Construction Providers, Handymen <#m_-6649838460645323432_0076950> - Report: XCOR's Customers Still Holding Out For Refunds <#m_-6649838460645323432_0076942> - San Diego Venture Investor Barbara Bry Takes Aim At Mayor's Seat <#m_-6649838460645323432_0076941> - Reflections on 2018: Peter Cowen, Sutton Capital Partners <#m_-6649838460645323432_0076940> *Marketplace* - Simplify Cloud Management - Multi-Cloud Command & Control from Key Info <#m_-6649838460645323432_ad729> - BDO - Southern California Technology Industry Team <#m_-6649838460645323432_ad737> - Peak - Facilitated Annual Leadership Team Planning for Emerging Companies by Collective Genius <#m_-6649838460645323432_ad741> - Square 1 Bank <#m_-6649838460645323432_ad695> *Thursday, January 3, 2019* *Cloud Constellation Finds $100M More For Space Data Network* <http://www.socaltech.com/fullstory/0076946.html> Los Angeles-based Cloud Constellation Corporation, which is developing space-based managed network services and cloud data storage services, said over the holidays that it has raised $100M in a Series B funding round. The funding came from HCH Group Company, Ltd. Cloud Constellation is developing a service it calls "SpaceBelt", which it says allows enterprise, government, and military organizations to transmit sensitive data to the cloud, via a network of eight low earth orbit (LEO) satellites. (More... <http://www.socaltech.com/fullstory/0076946.html>) *Thousand Oaks Biopharmaceuticals Gets $45M In Series A For Biotech Manufacturing* <http://www.socaltech.com/fullstory/0076948.html> Thousand Oaks- and Shanghai-based Thousand Oaks Biopharmaceuticals, a new contract manufacturing organization fort he biotech industry, said it has received $45M in a Series A financing round. The funding came from New Alliance Capital, plus ADDOR Capital, Tenyall & Sumin, Broadhi Capital, QianRong, Ji Lin Ao Dong, and Bluebay Capital. (More... <http://www.socaltech.com/fullstory/0076948.html>) *Forge Therapeutics Gets $11.1M* <http://www.socaltech.com/fullstory/0076947.html> San Diego-based Forge Therapeutics, a biotechnology startup which is developing antibiotics to treat lung infections, has received $11.M in funding commitments from CARB-X, a public-private investor funding projects that target antibiotic resistant bacteria. According to Forge Therapeutics, it will initially receive $5.7M from CARB-X, with the possibility of another $5.4M based on technical milestones. Forge Therapeutics is developing medicines which target metalloenzymes. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showco&id=53359>)( More... <http://www.socaltech.com/fullstory/0076947.html>) *Cubic Buys GRIDSMART For $87M* <http://www.socaltech.com/fullstory/0076949.html> San Diego-based Cubic Corporation said on Wednesday that it has acquired GRIDSMART Technologies, a developer of video tracking technology for the traffic management market. The deal was worth $87M in cash. GRIDSMART develops video detection technology, which uses image processing, computer vision modeling, and machine learning to track the movement of both people and traffic through street intersections. (More... <http://www.socaltech.com/fullstory/0076949.html>) *Medsphere Buys Healthline Solutions* <http://www.socaltech.com/fullstory/0076951.html> Carlsbad-based healthcare information technology developer Medsphere Systems Corporation said this morning that it has acquired Texas-based HealthLine Solutions, a developer of applications which are used by hospitals to manage their supply chain inventory. Financial details of the acquisition were not announced. According to Medsphere, the Healthline's core assets include applications that use bar coding and RFID technology used for healthcare supply chain inventory management. (More... <http://www.socaltech.com/fullstory/0076951.html>) *Hire A Pro Connects Users With Construction Providers, Handymen* <http://www.socaltech.com/fullstory/0076950.html> Los Angeles-based *Hire A Pro <https://hireapro.org/>* said over the holidays that it has launched a new browser-based, web application which helps users get quotes and pricing from contractors and handymen. According to the firm, its new browser-based app lets home and business owners get immediate pricing for tasks and remodeling projects, all via their smartphone. The company is led by CEO Aaron Jones, and says it was founded in 2016.(More... <http://www.socaltech.com/fullstory/0076950.html>) *Report: XCOR's Customers Still Holding Out For Refunds* <http://www.socaltech.com/fullstory/0076942.html> In a cautionary tale for early adopters, there are still hundreds of customers hoping to get their money back from Mojave-based XCOR Aerospace, after the company went bankrupt, according to a story from the LA Times this weekend. According to the Times, those customers--who paid $100,000 for a ticket to space on a yet-to-be-qualified-or-completed spacecraft--are still hoping, somehow, to get some of that money back. (More... <http://www.socaltech.com/fullstory/0076942.html>) *San Diego Venture Investor Barbara Bry Takes Aim At Mayor's Seat* <http://www.socaltech.com/fullstory/0076941.html> San Diego venture investor and entrepreneur Barbara Bry, who co-founded Proflowers.com and several other local technology companies, said on Wednesday that she is running for Mayor of San Diego, in a move to further extend her experience in the technology industry into politics. (More... <http://www.socaltech.com/fullstory/0076941.html>) *Reflections on 2018: Peter Cowen, Sutton Capital Partners* <http://www.socaltech.com/fullstory/0076940.html> During the holiday season, our tradition over the last few years has been to post reflections on the past year and some predictions from Southern California's technology industry. As we close out our contributions for the end of 2018, we have a contribution from investor and investment banker Peter Cowen of Sutton Capital Partners. (More... <http://www.socaltech.com/fullstory/0076940.html>) *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 *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 *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. *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]. ------------------------------ *Recent Funding <#m_-6649838460645323432_funding>* 1/03/19 Forge Therapeutics <http://www.socaltech.com/intelligence/?action=showdeal&id=94796> San Diego $11.10 M 12/20/18 AvantStay <http://www.socaltech.com/intelligence/?action=showdeal&id=94684> Los Angeles $5.00 M 12/20/18 Cloud Constellation Corporation <http://www.socaltech.com/intelligence/?action=showdeal&id=94795> Los Angeles $100.00 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 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html January 9, Los Angeles -- *L.A. Tech 2019 Kickoff* *NEW* . See http://www.socaltech.com/calendar/eventid/26293 January 16, Santa Barbara -- *Robots Are Taking Over: From Space To Inside Your Home And Everything In Between* *NEW* . See http://www.socaltech.com/calendar/eventid/26292 ------------------------------ *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. All rights reserved. socalTECH.com - Dedicated to High Tech in Southern California http://www.socaltech.com/ SOCALTECH LLC 4607 Lakeview Canyon Road, Suite 290, Westlake Village, CA 91361
_______________________________________________ Socaltech mailing list [email protected] http://listserv.socaltech.com/mailman/listinfo/socaltech
