*socaltech.com <http://socaltech.com> TechNews - Thursday, January 24, 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. PricewaterhouseCoopers (http://www.socaltech.com/pwc). Key info (http://www.keyinfo.com) infrastructure ~ connectivity ~ co-location ~ cloud ------------------------------ *Headlines * - Wheels Enters Last Mile Transportation Fray With $37M <#m_-6128887299686644422_0077147> - Modulated Imaging Finds $7M For Tissue Health Assessment <#m_-6128887299686644422_0077148> - Hyperloop Transportation Technologies Claims Commercial Travel By 2022 <#m_-6128887299686644422_0077151> - GumGum Touts Growth In Employees, Clients <#m_-6128887299686644422_0077149> - Semtech Gets Smart Building Win <#m_-6128887299686644422_0077150> - Final Round Takes On Esports News <#m_-6128887299686644422_0077146> - NEXT Picks Up $97M For Shipping, Logistics Marketplace, Apps <#m_-6128887299686644422_0077142> - Hulu Drops Pricing On Streaming TV <#m_-6128887299686644422_0077141> - Pluto TV Acquired By Viacom For $340M <#m_-6128887299686644422_0077130> - PacketSled Names New Advisor To Board <#m_-6128887299686644422_0077132> *Marketplace* - BDO - Southern California Technology Industry Team <#m_-6128887299686644422_ad737> - Become a Socaltech Supporter! <#m_-6128887299686644422_ad724> - Tech Coast Map & Calendar – Put Your Company On The Map! <#m_-6128887299686644422_ad717> - Stubbs Alderton & Markiles Preccelerator <#m_-6128887299686644422_ad694> - SoCal IP Law Group LLP - Serving the IP Needs of Technology Innovators <#m_-6128887299686644422_ad611> *Thursday, January 24, 2019* *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 p...@collective-genius.com or 1.424.259.3036. Collective Genius - Leadership Planning and Recruiting for Emerging Growth Companies. http://www.collective-genius.com. *Wheels Enters Last Mile Transportation Fray With $37M* <http://www.socaltech.com/fullstory/0077147.html> A new, Los Angeles-based startup, Wheels--founded by the founders of dog walking marketplace Wag--has jumped into the crowded "last mile" transportation fray, saying it has raised $37M and launched its services in San Diego. The startup, which offers up dockless, electric bicycles to customers, said the funding round came from Tenaya Capital, Bullpen Capital, Crosscut Capital, 3L Capital, Naval Ravikant, and a number of strategic investors from the entertainment and sports communities. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showdeal&id=95158> )(More... <http://www.socaltech.com/fullstory/0077147.html>) *Modulated Imaging Finds $7M For Tissue Health Assessment* <http://www.socaltech.com/fullstory/0077148.html> Irvine-based Modulated Imaging, a developer of optical imaging products used for noninvasive assessment of tissue health, has raised $7M in a Series B funding, according to the company. The new funding was led by Pangaea Ventures and also included Fresenius Medical Care Ventures GmbH, Grey Sky Venture Partners, Mitsubishi UFJ Capital Co. Ltd and Fouse KK. ( More... <http://www.socaltech.com/fullstory/0077148.html>) *Hyperloop Transportation Technologies Claims Commercial Travel By 2022* <http://www.socaltech.com/fullstory/0077151.html> Los Angeles-based Hyperloop Transportation Technologies, one of a number of companies in the LA area working on Elon Musk's concept of a high-speed transportation system, says it thinks it will have its first, commercial travel systems open to the public by 2022. In an interview with CNBC, the company's CEO, Dirk Ahlborn, said at Davos that it expects to have commercial lines open by 2022, with the ability to "try out" its systems before the end of this year. (More... <http://www.socaltech.com/fullstory/0077151.html>) *GumGum Touts Growth In Employees, Clients* <http://www.socaltech.com/fullstory/0077149.html> Santa Monica-based GumGum Sports, the developer of computer-vision software used for "sport media valuation", led by Ophir Tanz, said on Wednesday that it has doubled both its number of employees, and number of clients in 2018. The company did not announced how many employees it added, nor how many clients. GumGum Sports also claimed it more than quadrupled its revenues. GumGum did not elaborate on those revenues. (More... <http://www.socaltech.com/fullstory/0077149.html>) *Semtech Gets Smart Building Win* <http://www.socaltech.com/fullstory/0077150.html> Camarillo-based analog and mixed signal semiconductor developer Semtech reported another win with its low power wireless technology, LoRa, saying today that it has deployed its products with Internet-of-Things (IoT) products developer Polysense Technologies. According to Semtech, Polysense is using its products for structural health monitoring for smart buildings. Deployment volumes and financial impact of the win were not announced. ( More... <http://www.socaltech.com/fullstory/0077150.html>) *Final Round Takes On Esports News* <http://www.socaltech.com/fullstory/0077146.html> Los Angeles-based *Final Round <http://www.finalround.gg>* said on Wednesday that it is looking to provide news coverage for Esports fans, with its brand new platform, which it has just launched into beta. Final Round said it will provide coverage of such games as Fortnite, League of Legends, Call of Duty and others, giving fans the "latest news, twitch streams, and tournament results" through its website. The site's co-founders include Doug Millett and Drew Bolles.(More... <http://www.socaltech.com/fullstory/0077146.html>) *NEXT Picks Up $97M For Shipping, Logistics Marketplace, Apps* <http://www.socaltech.com/fullstory/0077142.html> Lynwood, California-based NEXT (formerly, NEXT Trucking), has raised $97M more in a funding round for its development of an online marketplace for shippers and carriers, the company said on Wednesday. The startup, led by Lydia Yan, said the funding came from Brookfield Ventures, Sequoia Capital, and GLP. The startup has now raised $125M in total. (More... <http://www.socaltech.com/fullstory/0077142.html>) *Hulu Drops Pricing On Streaming TV* <http://www.socaltech.com/fullstory/0077141.html> Los Angeles-based Hulu said on Wednesday that it is dropping the pricing on its ad-supported service, Hulu Originals, and will offer up the service for only $5.99 per month. The new pricing--which goes into effect in February--is a drop from the service's current price of $7.99 per month. Hulu also offers up a premium, ad-free version, Hulu (No Ads), for $11.99, and another service which includes live TV for $44.99 per month. (More... <http://www.socaltech.com/fullstory/0077141.html>) *Pluto TV Acquired By Viacom For $340M* <http://www.socaltech.com/fullstory/0077130.html> Los Angeles-based streaming television service Pluto TV, which offers up free streaming television to users through devices such as Roku, Amazon Fire TV, Apple TV, and Chromecast, has been acquired by Viacom in a deal worth $340M in cash, according to Viacom. Viacom said that Pluto TV has more than 12 million monthly active users, with about 7.5 million of those using connected TVs. (More... <http://www.socaltech.com/fullstory/0077130.html>) *PacketSled Names New Advisor To Board* <http://www.socaltech.com/fullstory/0077132.html> Santa Barbara-based network security products developer PacketSled is boosting its board of advisors, saying on Tuesday that it has added Don Goldstein, a former SVP and Chief Information Security Officer (CISO) at CBRE, to its board of advisors. Goldstein is currently the CEO of cyber security advisory and managed security company 5Q Cyber LLC, and was previously CISO at CBRE. The company said Goldstein has spent nearly 20 years at CBRE. (More... <http://www.socaltech.com/fullstory/0077132.html>) *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 lat...@bdo.com. http://www.bdo.com *Become a Socaltech Supporter!* Interested in letting Southern California's high tech community know you are here for them? Want to reach Southern California's movers and shakers? Become a SPONSOR or SOCALTECH SUPPORTER! Our sponsors and supporters are featured on our website, and online service provider directory, as well as in our newsletter multiple times per week. It's a great way to both get the word out about your services, as well as support our news coverage of local companies across the tech industry! Contact b...@socaltech.com for details. *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 i...@siliconmaps.com for more information and mention Socal Tech for special industry rates. *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/ *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. i...@socalip.com 805-230-1350 www.socalip.com ------------------------------ *Recent Funding <#m_-6128887299686644422_funding>* 1/24/19 Wheels <http://www.socaltech.com/intelligence/?action=showdeal&id=95158> Los Angeles $37.00 M 1/24/19 Modulated Imaging <http://www.socaltech.com/intelligence/?action=showdeal&id=95159> Irvine $7.00 M 1/22/19 REX <http://www.socaltech.com/intelligence/?action=showdeal&id=95135> Woodland Hills $45.00 M 1/14/19 Wiliot <http://www.socaltech.com/intelligence/?action=showdeal&id=95066> San Diego $30.00 M 1/03/19 Forge Therapeutics <http://www.socaltech.com/intelligence/?action=showdeal&id=94796> San Diego $11.10 M 1/03/19 Verily <http://www.socaltech.com/intelligence/?action=showdeal&id=94814> South San Francisco $1000.00 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 12/19/18 NantCell, Inc. <http://www.socaltech.com/intelligence/?action=showdeal&id=94876> Culver City $30.00 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html January 24, El Segundo -- *R.E.D. Talk: The Future of the Talent Ecosystem in LA County - a Diverse & Inclusive Workforce - Los Angeles County Economic Development Corporation* *NEW* . See http://www.socaltech.com/calendar/eventid/26328 January 24, Irvine -- *TCVN Program: Customer Development* *NEW* . See http://www.socaltech.com/calendar/eventid/26329 January 26, Pasadena -- *Big Data: Today's Supernova of Information and Opportunity* Big Data: Today's Supernova of Information and Opportunity. Caltech Entrepreneurs Forum. Big Data has exploded and engulfed us all and has led to a technology and business revolution. Every website, email, SMS text, mouse click, download, and Internet of Things (IoT), sensor input now predicts epidemics, calculates risk, understands consumer behavior and formulates public policies. Entrepreneurs are pursuing these Big Data opportunities in what is becoming the 21st century equivalent of the gold rush. Our speakers will share their views on the opportunities and challenges entrepreneurs face in building these new ventures, and give a clearer view of what's coming our way. Keynote Speaker: Gil Elbaz, Founder & CEO of Factual Inc, Co-Founder of Applied Semantics; Wes Nichols, Board Partner, Upfront Ventures; Dominique (Mike) Hanssens, Distinguished Research Professor of Marketing, UCLA Anderson Graduate School. Producer/Moderator: Stan Tomsic, Managing Director, Magna Point Group. See http://www.socaltech.com/calendar/eventid/26322 January 26, Pasadena -- *Big Data: Today'ss Supernova of Information and Opportunity* *NEW* . See http://www.socaltech.com/calendar/eventid/26326 January 28, San Luis Obispo -- *Escape from Technology? SMV TechBrew* *NEW* . See http://www.socaltech.com/calendar/eventid/26331 January 31, Los Angeles -- *Growth Capital Conference* Growth Capital Conference. Pitch to & Network with Investors: Angels,VCs, High Net Worths, Strategic Partners and 100 entrepreneurs seeking capital & counsel. DEAL DISPLAYtm showcases growing firms needing capital. View products, videos, online demos. See http://www.socaltech.com/calendar/eventid/26313 January 31, San Diego -- *Preparing Your Company for Sale* Preparing Your Company for Sale. CONNECT. Whether you are acquiring a company or looking to merge your company with another, there are significant operational, practical and legal steps you should take to ensure that your company maintains its value and remains an attractive partner through the transaction. Learn how to avoid the pitfalls in what promises to be a lively discussion among industry veterans from the technology, biotechnology and manufacturing industries. See http://www.socaltech.com/calendar/eventid/26295 February 4, Los Angeles -- *Digital Entertainment World 2019* Digital Entertainment World 2019. Described by Hollywood insiders, digital influencers and industry leaders throughout the world as a "must-attend" event, now in its 6th year Digital Entertainment World (DEW) is where you want to be if you are in the business of creating or monetizing digital entertainment content. DEW 2019 focuses on "The Power of Creativity and Influence" and will cover topics from OTT to Innovation to eSports to Millennials to Content Marketing to VR/AR to Music Rights to Startups, etc., as this theme guides all talks, discussions, meetings and presentations over the two days. See http://www.socaltech.com/calendar/eventid/26290 February 5, Los Angeles -- *Digital Entertainment World 2019* Digital Entertainment World 2019. Described by Hollywood insiders, digital influencers and industry leaders throughout the world as a "must-attend" event, now in its 6th year Digital Entertainment World (DEW) is where you want to be if you are in the business of creating or monetizing digital entertainment content. DEW 2019 focuses on "The Power of Creativity and Influence" and will cover topics from OTT to Innovation to eSports to Millennials to Content Marketing to VR/AR to Music Rights to Startups, etc., as this theme guides all talks, discussions, meetings and presentations over the two days. See http://www.socaltech.com/calendar/eventid/26291 February 6, Santa Monica -- *State of the City, Economic Sustainability Summit 2019: Shaping A Changing World | Santa Monica Chamber of Commerce* *NEW* . See http://www.socaltech.com/calendar/eventid/26327 February 12, San Diego -- *Reverse Mergers Into Public Shells* *NEW* . See http://www.socaltech.com/calendar/eventid/26330 February 12, Los Angeles -- *Mobile LAVA Presents: Marketplaces* *NEW* . See http://www.socaltech.com/calendar/eventid/26324 February 12, Santa Monica -- *Start-Up Options for Rapid Development, Funding, and Commercialization* *NEW* . See http://www.socaltech.com/calendar/eventid/26325 ------------------------------ *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 b...@socaltech.com 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 customerserv...@socaltech.com ------------------------------ 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. 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