*socaltech.com <http://socaltech.com> TechNews - Monday, February 4, 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 * - CBRE Group Buys Data Center Technology Provider Romonet <#m_768138581065655254_0077249> - MomentFeed Names SVP Engineering <#m_768138581065655254_0077248> - SpaceX Test Fires New Raptor Engines <#m_768138581065655254_0077250> - NEXT, Flush With $97M In New Funding, Hires First CFO <#m_768138581065655254_0077247> - SendGrid Now Part Of Twilio After $3 Billion Acquisition <#m_768138581065655254_0077244> - Digital Map Products Names New Board Member <#m_768138581065655254_0077237> *Marketplace* - Peak - Facilitated Annual Leadership Team Planning for Emerging Companies by Collective Genius <#m_768138581065655254_ad741> - BDO - Southern California Technology Industry Team <#m_768138581065655254_ad737> - Square 1 Bank <#m_768138581065655254_ad695> - Stubbs Alderton & Markiles Preccelerator <#m_768138581065655254_ad694> - SoCal IP Law Group LLP - Serving the IP Needs of Technology Innovators <#m_768138581065655254_ad611> *Monday, February 4, 2019* *CBRE Group Buys Data Center Technology Provider Romonet* <http://www.socaltech.com/fullstory/0077249.html> Los Angeles-based commercial real estate services giant CBRE Group announced this morning that it has acquired UK-based Romonet Limited, a provider of software, technology, and consulting services for the large global data center market. Financial details of the acquisition were not announced. According to CBRE Group, Romonet's team of professonals will join CBRE as part of the acquisition. Romonet was foundee in 2008, and was founded by Zahl Limbuwala and Liam Newcombe. (More... <http://www.socaltech.com/fullstory/0077249.html>) *MomentFeed Names SVP Engineering* <http://www.socaltech.com/fullstory/0077248.html> Santa Monica-based MomentFeed, the developer of software that helps multi-location brands manage the mobile experience for their customers, has named Avik Dey as its new Senior Vice President of Engineering, the company said this morning. Dey was most recently Executive Vice President, Technology at Marin Software, and also served as Worldwide Director, Big Data Product/Apache Engineering at Intel Corporation, in addition to serving at Yahoo! and eBay. (More... <http://www.socaltech.com/fullstory/0077248.html>) *SpaceX Test Fires New Raptor Engines* <http://www.socaltech.com/fullstory/0077250.html> Hawthorne-based SpaceX has test fired its new Raptor engines, the new engines which are being developed for the next SpaceX launch vehicle. The Raptor engine is a liquid-fueled rocket engine which uses methane and liquid oxygen, and are expected to have about twice the power of the current Merlin 1D engines used in the SpaceX Falcon 9. (More... <http://www.socaltech.com/fullstory/0077250.html>) *NEXT, Flush With $97M In New Funding, Hires First CFO* <http://www.socaltech.com/fullstory/0077247.html> Los Angeles-based shipping and logistics marketplace developer NEXT, fresh off a big, $97M funding round announced last week, said that it has hired Peter Janda as the company's first ever Chief Financial Officer. Janda was most recently CFO at Chef'd, and also has served at such companies as Ingram Micro, Ernst & Young, among other companies. NEXT, which is led by Lydia Yan, raised its latest round of funding from Brookfield Ventures, Sequoia Capital, and GLP. (More... <http://www.socaltech.com/fullstory/0077247.html>) *SendGrid Now Part Of Twilio After $3 Billion Acquisition* <http://www.socaltech.com/fullstory/0077244.html> Email delivery services provider SendGrid is now officially part of cloud communications platform operator Twilio, Twilio said on Friday. SendGrid--which has significant operations in Anaheim, where one of its co-founders also was based--was acquired in a deal worth $3 billion. The deal had originally been announced last year. Twilio said the deal is worth approximately $53.99 per share of SendGrid common stock. (More... <http://www.socaltech.com/fullstory/0077244.html>) *Digital Map Products Names New Board Member* <http://www.socaltech.com/fullstory/0077237.html> Irvine-based Digital Map Products, which provides map-based, real estate applications, said last week that it has named a new member to its board of directors. According to Digital Map Products, it has appointed Dave Cozzens to its board, to help guide the company around strategic growth and positioning. Cozzens was most recently CEO of Telogis, which he led from startup to acquisition by Verizon in August of 2016. (More... <http://www.socaltech.com/fullstory/0077237.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. *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 *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]. *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. [email protected] 805-230-1350 www.socalip.com ------------------------------ *Recent Funding <#m_768138581065655254_funding>* 1/31/19 Avinew <http://www.socaltech.com/intelligence/?action=showdeal&id=95304> Westlake Villlage $5.00 M 1/30/19 FabFitFun, Inc. <http://www.socaltech.com/intelligence/?action=showdeal&id=95301> Beverly Hills $80.00 M 1/30/19 Acorns <http://www.socaltech.com/intelligence/?action=showdeal&id=95302> Irvine $105.00 M 1/25/19 Trust & Will <http://www.socaltech.com/intelligence/?action=showdeal&id=95160> San Diego $2.00 M 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 NantCell, Inc. <http://www.socaltech.com/intelligence/?action=showdeal&id=94876> Culver City $30.00 M 12/19/18 Elementary Robotics <http://www.socaltech.com/intelligence/?action=showdeal&id=94682> Los Angeles $3.60 M ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html 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* Santa Monica State of the City, Economic Sustainability Summit 2019: Shaping A Changing World. The Santa Monica Chamber of Commerce will hold its annual Economic Sustainability Summit including the State of the City at the SGI Auditorium in downtown Santa Monica. This event brings together the business and resident communities to hear from City Manager Rick Cole and Mayor Gleam Davis about the city’s newest initiatives and the economic report of the past year. Entrepreneurs speak to the latest trends and innovations regionally and globally. See http://www.socaltech.com/calendar/eventid/26327 February 6, Santa Monica -- *Founder Meet Funder* Founder Meet Funder (Invite Only). Founder Meet Funder focus on supporting entrepreneur growth by connecting them with mentors, influencers, and investors within the community. A special social sphere is created due to the culture and diversity of experience brought along the way to encourage everyone to help one other's business growth. See http://www.socaltech.com/calendar/eventid/26338 February 6, Culver City -- *Culver City Tech Happy Hour* Culver City Tech Happy Hour. See http://www.socaltech.com/calendar/eventid/26343 February 6, Thousand Oaks -- *The Contrarian Entrepreneur* The Contrarian Entrepreneur. Entrepreneur Speaker Series hosted by the Center for Entrepreneurship. In this month’s Entrepreneur Speaker Series talk, Jeff Stibel, partner at Bryant Stibel & Company will present on “The Contrarian Entrepreneur”. Sneak-peak takeaways: Learn what really matters to be an entrepreneur -Learn the real value of a business plan - Learn why most entrepreneurs are risk-averse. See http://www.socaltech.com/calendar/eventid/26349 February 12, San Diego -- *Reverse Mergers Into Public Shells* Reverse Mergers Into Public Shells. CONNECT. This program will educate private issuers about the process of going public by merging with an existing public shell. See http://www.socaltech.com/calendar/eventid/26330 February 12, Los Angeles -- *Mobile LAVA Presents: Marketplaces* Mobile LAVA Presents: Marketplaces. Save the date for a thought provoking panel discussion on all things related to startup marketplace tech businesses, lead by Kiyan Yazdi of Mucker Capital, Los Angeles' Seed and "Pre-Seed" Stage Venture Fund. We’ll cover topics such as: • Fundraising • Monetization • acquisition & retention • AOV, LTV, and other KPIs • Planning for an exit • And more. See http://www.socaltech.com/calendar/eventid/26324 February 12, Santa Monica -- *Start-Up Options for Rapid Development, Funding, and Commercialization* Start-Up Options for Rapid Development, Funding, and Commercialization. LAVA Healthcare. Is VC funding the only way to develop and grow your company? Have you heard of accelerators, incubators, angles, and other resources for rapid development, funding, and growth of your start-up? Attend our LAVA event on February 19th as our distinguished panel will share their expertise and insight. Please join us on February 19th for an informative, interactive session and networking. See http://www.socaltech.com/calendar/eventid/26325 February 14, Costa Mesa -- *IP Protection Strategies For Start-Ups* TCVN Legal Program #2: IP Protection Strategies For Start-Ups. TCVN now features four educational tracks in four specific areas. The four tracks are: Legal, Execution, Finance, and Marketing and will consist of a series of five, consecutive monthly programs designed to give the entrepreneur a comprehensive overview of each area. See http://www.socaltech.com/calendar/eventid/26346 February 19, Santa Monica -- *Seed Stage Startup Pitch Competition* Seed Stage Startup Pitch Competition. Startup Coil. L.A. startups and entrepreneurs pitch on stage for product, business model, and investing feedback, and one winner will take home a valuable prize package. See http://www.socaltech.com/calendar/eventid/26342 February 19, Santa Monica -- *Start-Up Options for Rapid Development, Funding, and Commercialization* Start-Up Options for Rapid Development, Funding, and Commercialization. LAVA. Is VC funding the only way to develop and grow your company? Have you heard of accelerators, incubators, angles, and other resources for rapid development, funding, and growth of your start-up? Attend our LAVA event on February 19th as our distinguished panel will share their expertise and insight. See http://www.socaltech.com/calendar/eventid/26348 February 20, Los Angeles -- *LAEDC Economic Forecast 2019* LAEDC Economic Forecast 2019. Panel discussion: Agents of Innovation: LA County Businesses Shaping The Future Economy. One of the first events of its kind in Los Angeles, The LAEDC's annual Economic Forecast has long been a lightning rod for cultivating meaningful economic advancement within our city. For the past 10+ years, our region's top influencers gather to ask the most pressing questions, take on challenging issues, and shape the relationships which keep LA strong. See http://www.socaltech.com/calendar/eventid/26347 February 23, Pasadena -- *Quantum Computing: From Physics Lab to Applications* Quantum Computing: >From Physics Lab to Applications. Caltech Entrepreneurs Forum. Quantum computing is moving from lab experiments to real devices; but as with other disruptive computing innovations, what will be applications be? Will it be limited to a handful of niche scientific and government uses or will there be broad applications? And what of software platforms will be needed to leverage these devices? Our February Forum will address these questions and others with a panel of researchers, industry experts and entrepreneurs building companies in the quantum spac. See http://www.socaltech.com/calendar/eventid/26350 ------------------------------ *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 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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