*socaltech.com <http://socaltech.com> TechNews - Tuesday, February 5, 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 ------------------------------ *Headlines * - Interview With Jamie Montgomery, March Capital Partners On The Firm's New Fund <#m_-2960883634117679008_0077260> - Xencor Receives $120M From Genentech <#m_-2960883634117679008_0077262> - ViaSat Power In-Flight Wireless For Italian Airline <#m_-2960883634117679008_0077263> - CathWorks Collects $30M <#m_-2960883634117679008_0077261> - Pocket.watch Launches Mobile, Console Game Division <#m_-2960883634117679008_0077264> - CrowdStrike Links With Third Party Apps <#m_-2960883634117679008_0077265> - MediaAlpha Gets Private Equity Injection <#m_-2960883634117679008_0077259> - Tesla Buys San Diego's Maxwell Technologies For Energy Storage Tech <#m_-2960883634117679008_0077258> - Techstars Music Names New Class Of Startups In LA <#m_-2960883634117679008_0077257> - CBRE Group Buys Data Center Technology Provider Romonet <#m_-2960883634117679008_0077249> *Marketplace* - Square 1 Bank <#m_-2960883634117679008_ad695> - Peak - Facilitated Annual Leadership Team Planning for Emerging Companies by Collective Genius <#m_-2960883634117679008_ad741> - Stradling <#m_-2960883634117679008_ad608> *Tuesday, February 5, 2019* *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/ *Interview With Jamie Montgomery, March Capital Partners On The Firm's New Fund* <http://www.socaltech.com/fullstory/0077260.html> Santa Monica-based venture investor March Capital Partners (www.marchcp.com) announced last week that it has raised a second fund, worth $300M. To learn about the new fund, we sat down with Jamie Montgomery, one of the fund's co-founders, to hear about March Capital's strategy and the new fund. Tell us a little bit about the new fund? Jamie Montgomery: It's interesting, as you grow, you get bigger and more focused. (More... <http://www.socaltech.com/fullstory/0077260.html>) *Xencor Receives $120M From Genentech* <http://www.socaltech.com/fullstory/0077262.html> Monrovia-based biopharmaceuticals technology developer Xencor has received $120M in an upfront payment from Genentech this morning--and up to another $180M in development milestones--as part of a new deal to commercialize an immune activating cytokine based on Xencor's technology. (More... <http://www.socaltech.com/fullstory/0077262.html>) *ViaSat Power In-Flight Wireless For Italian Airline* <http://www.socaltech.com/fullstory/0077263.html> Carlsbad-based satellite connectivity and equipment provider Viasat reported a win in Italy today, with Italian airline Neos and its fleet of new Boeing 787 Dreamliners. According to ViaSat, it will provides its in-flight connectivity services to the new Neos fleet of Boeing 787 Dreamliner aircraft. Financial details of the win were not announced. Neos has been operating the Boeing 787 since December of 2017. Financial details of the deal were not announced. (More... <http://www.socaltech.com/fullstory/0077263.html>) *CathWorks Collects $30M* <http://www.socaltech.com/fullstory/0077261.html> Aliso Viejo, California- and Kfar-Saba, Israel-based CathWorks, a developer of Fractional Flow Reserve (FFR) medical equipment used in percutaneous coronary intervention, has raised $30M in a Series C funding round, the company announced late Monday. The funding was led by Deerfield Management. According to the company, which already has FDA 510(k) clearance for its medical device, the new funding paves the way for acceleration of its clinical and commercial activities in the United States. (More... <http://www.socaltech.com/fullstory/0077261.html>) *Pocket.watch Launches Mobile, Console Game Division* <http://www.socaltech.com/fullstory/0077264.html> Los Angeles-based entertainment content and products developer Pocket.watch said on Monday that it has launched a new, mobile and console games divison, called P.W Games. According to the copany, the new gaming studio will bring a series of both mobile and console games to market, targeted at kids and family. The new studio said it will work directly with Pocket.watch's exiwsting YouTube creator partners to create its mobile games. The first title to launch out of P. (More... <http://www.socaltech.com/fullstory/0077264.html>) *CrowdStrike Links With Third Party Apps* <http://www.socaltech.com/fullstory/0077265.html> CrowdStrike, the developer of endpoint protection software which was started in Irvine, says it is looking to leverage third-party applications, through a new open interface to its CrowdStrike Falcon platform. According to CrowdStrike, it has launched The CrowdStrike Store, which lets its customers discover, try, buy, an ddeploye partner applications alongside its platform. (More... <http://www.socaltech.com/fullstory/0077265.html>) *MediaAlpha Gets Private Equity Injection* <http://www.socaltech.com/fullstory/0077259.html> Los Angeles-based programmatic advertising software developer MediaAlpha announced Monday afternoon that it has raised a new, strategic investment, from private equity investor Insignia Capital Group. Exact size of the investment was not announced, however, MediaAlpha said the recapitalization transaction values the company at approximately $350M. Current investor White Mountain Insurance Group, Ltd. (More... <http://www.socaltech.com/fullstory/0077259.html>) *Tesla Buys San Diego's Maxwell Technologies For Energy Storage Tech* <http://www.socaltech.com/fullstory/0077258.html> Tesla Motors, the electric car-and-solar panel company led by Elon Musk, is acquiring San Diego-based technology developer Maxwell Technologies, in a deal worth approximately $218M, the companies announced on Monday. ACcording to the two, the merger agreement calls for Tesla to pay $4.75 per share for all of the outstanding stock of Maxwell Technologies. Maxwell is publicly traded on the Nasdaq as MXWL. (More... <http://www.socaltech.com/fullstory/0077258.html>) *Techstars Music Names New Class Of Startups In LA* <http://www.socaltech.com/fullstory/0077257.html> Techstars Music Accelerator, one of the startup accelerators that Techstars operates in Los Angeles, has named the latest startups to become part of its program, saying that it has selected nine startups for the latest program, which runs from February 4th through May 2nd. (More... <http://www.socaltech.com/fullstory/0077257.html>) *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>) *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]. *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. *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. ------------------------------ *Recent Funding <#m_-2960883634117679008_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 Verily <http://www.socaltech.com/intelligence/?action=showdeal&id=94814> South San Francisco $1000.00 M 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 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 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 11, San Luis Obispo -- *Reducing the cost of going electric* *NEW* . See http://www.socaltech.com/calendar/eventid/26352 February 11, Thousand Oaks -- *An Evening With Dae Bogan, Dae Bogan Music* *NEW* . See http://www.socaltech.com/calendar/eventid/26353 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 19, Los Angeles -- *CTO Mixer Cruise w/ Google's Denny Vrandecic Speaking about Wikidata & more* *NEW* . See http://www.socaltech.com/calendar/eventid/26351 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. 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
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