*socaltech.com <http://socaltech.com> TechNews - Wednesday, February 6, 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 * - Radicle Growth Puts $250K Into Leaf Agriculture <#m_-5654654463569735081_0077279> - Snap Revenues Up, But Company Still Posting Big Losses <#m_-5654654463569735081_0077278> - Tyvak To Develop, Launch Satellites for Australian Company <#m_-5654654463569735081_0077277> - EasyPay Finds $50M In Credit Facility <#m_-5654654463569735081_0077276> - AlphaTrAI Taps QuantConnect For AI Powered Stock Trading, Picking <#m_-5654654463569735081_0077275> - Teledyne Completes Acquisition Of Unit Of Roper Technologies <#m_-5654654463569735081_0077274> - Super League Gaming, Topgolf Team On Esports Events <#m_-5654654463569735081_0077273> - Machinima Lays Off Most Employees, Ceases Operations, Say Reports <#m_-5654654463569735081_0077272> - FloQast Wins WP Engine <#m_-5654654463569735081_0077271> - Signal Sciences Scores $35M For Securing Web Applications <#m_-5654654463569735081_0077266> *Marketplace* - Peak - Facilitated Annual Leadership Team Planning for Emerging Companies by Collective Genius <#m_-5654654463569735081_ad741> - BDO - Southern California Technology Industry Team <#m_-5654654463569735081_ad737> - Simplify Cloud Management - Multi-Cloud Command & Control from Key Info <#m_-5654654463569735081_ad729> - Stubbs Alderton & Markiles Preccelerator <#m_-5654654463569735081_ad694> *Wednesday, February 6, 2019* *Radicle Growth Puts $250K Into Leaf Agriculture* <http://www.socaltech.com/fullstory/0077279.html> San Diego-based Radicle Growth, a new, seed-stage investor focused on the agtech and food technology sector, said this morning that it has invested $250,000 in Leaf Agriculture, a pre-seed company developing application programming interfaces (APIs) between agtech products. Radicle Growth said Leaf Agriculture is developing an API product that facilitates fast, easy and secure data transfer between agtech platform partners through a single point of access. (More... <http://www.socaltech.com/fullstory/0077279.html>) *Snap Revenues Up, But Company Still Posting Big Losses* <http://www.socaltech.com/fullstory/0077278.html> Santa Monica-based Snap, the parent firm of Snapchat, reported its results on Tuesday afternoon, saying that its fourth quarter revenues were up 36 percent to a record, $390M. However, the company is still posting big losses, saying it had a net loss of $191.7M on its quarter, which ended December 31, 2018. Snap reported revenues of $1.18 billion for the year, and a net loss of $1.25 billion. Snap says it now has around 186 million daily active users, which were flat from quarter-to-quarter. (More... <http://www.socaltech.com/fullstory/0077278.html>) *Tyvak To Develop, Launch Satellites for Australian Company* <http://www.socaltech.com/fullstory/0077277.html> Irvine-based Tyvak Nano-Satellite Systems, a developer of nanosatellite and microsatellite services, is powering the development of a new constellation of satellites for Australian company Myriota. According to Tyvak, Myriota has partnered with the company to develop and launch its next generation of nanosatellites, with the goal of launching a 50 nanosatellite constellation. Financial details of the deal between the two companies were not announced. (More... <http://www.socaltech.com/fullstory/0077277.html>) *EasyPay Finds $50M In Credit Facility* <http://www.socaltech.com/fullstory/0077276.html> Carlsbad-based EasyPay Finance, a provider of consumer financing for automotive service and repairs, has raised $50M in a credit facility, the company announced this morning. The funding came from Ares Management Corporation. According to the company, it will use the new funding for growth, developing new financial technology, and other efforts. EasyPay Finance said the credit facility is expandable to $100M, subject to lender consent. (More... <http://www.socaltech.com/fullstory/0077276.html>) *AlphaTrAI Taps QuantConnect For AI Powered Stock Trading, Picking* <http://www.socaltech.com/fullstory/0077275.html> San Diego-based AlphaTrAI, a fintech startup backed by Analytics Ventures, says it has connected with QuantConnect, the developer of an open trading engine, to run its AI software. AlphaTrAI says it has developed artificial intelligence software which can pick, trade, and manage stocks better than humans. (More... <http://www.socaltech.com/fullstory/0077275.html>) *Teledyne Completes Acquisition Of Unit Of Roper Technologies* <http://www.socaltech.com/fullstory/0077274.html> Thousand Oaka-based Teledyne Technologies says it has completed its acquisition of the Scientific Imaging businesses of Roper Technologies, which included the acquisition of Princeton Instruments, Photometrics and Lumenera. The deal, which had been announced in December, was worth $225M in cash. Roper's Scientific Imaging businesses served the life sciences, academic research, and industrial imaging markets. (More... <http://www.socaltech.com/fullstory/0077274.html>) *Super League Gaming, Topgolf Team On Esports Events* <http://www.socaltech.com/fullstory/0077273.html> Santa Monica-based Super League Gaming, which organizes community esports events at theaters and other locations, has partnered with sports entertainment venue company Topgolf, where Topgolf will host amateur e-sports events and competitions. According to the two companies, Topgolf's venues will run mobile and console competitions in the partnership with Super League Gaming, starting with Super League's "Clash Nights". Financial details of the deal were not announced. (More... <http://www.socaltech.com/fullstory/0077273.html>) *Machinima Lays Off Most Employees, Ceases Operations, Say Reports* <http://www.socaltech.com/fullstory/0077272.html> Machinima, which had been the poster child for Southern California's multi-channel-network (MCN) boom, has laid off most of its employees and ceased its operations, according to reports. The shutdown comes after a reorganization of the digital properties of AT&T, as well as its Otter Media subsidiary. Machinima had been acquired by Warner Bros. in 2016, in a deal then reported as worth less than $100M. (More... <http://www.socaltech.com/fullstory/0077272.html>) *FloQast Wins WP Engine* <http://www.socaltech.com/fullstory/0077271.html> Los Angeles-based accounting management software FloQast reported a win today with WordPress hosting service WP Engine. Financial details of the win were not announced. FloQast develops close management software for accountants. FloQast says WP Engine has more than $132M in annual recurring revenues. FloQast says its customers now include such companies as DoorDash, AdRoll, Indeed, Shopify, Ancestry.com, Twilio, Dollar Shave Club, Zillow and The Golden State Warriors. (More... <http://www.socaltech.com/fullstory/0077271.html>) *Signal Sciences Scores $35M For Securing Web Applications* <http://www.socaltech.com/fullstory/0077266.html> Culver City-based Signal Sciences, which develops web application security firewalls, is announcing this morning that it has raised $35M in a Series C funding round. The funding was led by Lead Edge Capital, and also included CRV, Index Ventures, Harrison Metal and OATV. According to the company, Lorrie Norrington of Lead Edge Capital joins the company's board with the funding round. (Funding Details <https://www.socaltech.com/intelligence/?action=showco&id=47934>)(More... <http://www.socaltech.com/fullstory/0077266.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 p...@collective-genius.com 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 lat...@bdo.com. http://www.bdo.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_-5654654463569735081_funding>* 2/05/19 Signal Sciences <http://www.socaltech.com/intelligence/?action=showdeal&id=95354> Venice $35.00 M 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 Modulated Imaging <http://www.socaltech.com/intelligence/?action=showdeal&id=95159> Irvine $7.00 M 1/24/19 Wheels <http://www.socaltech.com/intelligence/?action=showdeal&id=95158> Los Angeles $37.00 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html 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 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. 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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