*socaltech.com <http://socaltech.com> TechNews - Friday, March 15, 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). ------------------------------ *Headlines * - Cubic Acquires Nuvotronics <#m_9035071317888723790_0077613> - Bionano Genomics Finds $41.5M In PIPE <#m_9035071317888723790_0077612> - SaneBox Connects Into Ingram Micro's Cloud Marketplace <#m_9035071317888723790_0077611> - Bird Cuts Five Percent Of Staff, Says Report <#m_9035071317888723790_0077610> - Faraday Future Looks To Dump Vegas Factory Site <#m_9035071317888723790_0077604> - Heal: Survey Shows Higher Patient Satisfaction, Better Results From House Calls <#m_9035071317888723790_0077603> - Report: Jam City's Harry Potter Game Reaches $110M In Spending <#m_9035071317888723790_0077599> *Marketplace* - TechFire Spring 2019 Conference - Los Angeles - March 20 <#m_9035071317888723790_ad747> - Recurring Revenue Conference - April 30 to May 1st - LA <#m_9035071317888723790_ad746> - Peak - OKR Planning for Growth Companies and Venture Capital Firms by Collective Genius <#m_9035071317888723790_ad741> - BDO - Southern California Technology Industry Team <#m_9035071317888723790_ad737> - Square 1 Bank <#m_9035071317888723790_ad695> *Friday, March 15, 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/ *Cubic Acquires Nuvotronics* <http://www.socaltech.com/fullstory/0077613.html> San Diego-based Cubic Corporation said late Thursday that it has acquired Nuvotrpnics, a provider of microfabricated radio frequency (RF) products, in a deal worth $64M in cash plus up to $8M in earn out. Nuvotronics is based in Durham, North Carolina. According to Cubic, the deal will help it enhance its Cubic Mission Solutions' portfolio. (More... <http://www.socaltech.com/fullstory/0077613.html>) *Bionano Genomics Finds $41.5M In PIPE* <http://www.socaltech.com/fullstory/0077612.html> San Diego-based Bionano Genomics, a developer of life sciences instrumentation for the genome analysis market, has raised $41.5M in a combination of debt and equity, the company said late Thursday. The publicly traded company, which trades on the NASDAQ and BNGO, said the funding came from affiliates of Innovatus Capital Partners, LLC, East West Bank and Aspire Capital Fund, LLC. (More... <http://www.socaltech.com/fullstory/0077612.html>) *SaneBox Connects Into Ingram Micro's Cloud Marketplace* <http://www.socaltech.com/fullstory/0077611.html> Los Angeles-based email software developer SaneBox, which develops artificial intelligence software that helps people prioritize and sort their emails, is now available on the cloud marketplace run by technology distributor Ingram Micro. According to SaneBox, the move will make it easier for its channel partners to sell the SaneBox AI and productivity products alongside other software-as-a-service applications. (More... <http://www.socaltech.com/fullstory/0077611.html>) *Bird Cuts Five Percent Of Staff, Says Report* <http://www.socaltech.com/fullstory/0077610.html> Santa Monica-based scooter rental service Bird has laid off approximately 5% of its full-time staff, according to a report on Thursday, in what has been attributed to an effort to "contain costs". The report said 40 people were laid off. The move follows similar cuts over at the scooter department of Lyft, which laid off approximately 50 people in its bicycle and scooter operations, just ahead of an expected IPO filing. (More... <http://www.socaltech.com/fullstory/0077610.html>) *Faraday Future Looks To Dump Vegas Factory Site* <http://www.socaltech.com/fullstory/0077604.html> Troubled Los Angeles-based electric car maker Faraday Future is looking to sell its idle Las Vegas factory site, hoping to get $40M for the property, according to a listing from a property broker. The electric car maker--which has been struggling to find funding to restart operations, has a raft of lawsuits over unpaid bills, and which has been in a legal battle with its biggest investor--had abandoned its Las Vegas factory plans back in 2017. (More... <http://www.socaltech.com/fullstory/0077604.html>) *Heal: Survey Shows Higher Patient Satisfaction, Better Results From House Calls* <http://www.socaltech.com/fullstory/0077603.html> Los Angeles-based Heal, which operates a mobile app driven, in-person, "house call" service which lets users schedule in person doctor's visits at their home or work, says it is seeing higher satisfaction, cost savings, and "significant" time savings from its patients. The company said it ran a "first-time patient" user survey was run after having delivered more than 110,000 house calls since February of 2015. (More... <http://www.socaltech.com/fullstory/0077603.html>) *Report: Jam City's Harry Potter Game Reaches $110M In Spending* <http://www.socaltech.com/fullstory/0077599.html> A new report, from market analysis firm Sensor Tower, says that Harry Potter: Hogwarts Mystery, the Harry Potter-themed mobile game developed by Los Angeles-based JamCity, has now collected $110M in player spending, in less than a year. The report says that the title is now Jam City's most lucrative title, representing 30 percent of its revenues across the App Store and Google Play. (More... <http://www.socaltech.com/fullstory/0077599.html>) *TechFire Spring 2019 Conference - Los Angeles - March 20 <http://www.techfire.co/2019>* TechFire Spring 2019 Conference. March 20, 2019, LA Featuring: Accenture - Index Ventures - Shasta Ventures - Greycroft - LAEDC Economic Forecast • The Future of Mobility. Register today! http://www.techfire.co/2019 *Recurring Revenue Conference - April 30 to May 1st - LA <https://www.recurringrevenueconference.com/>* Welcome to the Recurring Revenue Conference presented by Sutton Capital Partners. We are the only conference in Southern California to focus exclusively on the Subscription Economy. Each year 700+ business leaders join us to discuss how recurring revenue – a steady stream of customer dollars – can reshape the future of your business. Register today! https://www.recurringrevenueconference.com/ *Peak - OKR Planning for Growth Companies and Venture Capital Firms by Collective Genius <https://collective-genius.com/>* 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/quarterly leadership team OKR planning session for emerging growth companies and venture capital firms. 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 and schedule a 45 minute walk through meeting contact us at [email protected] or by phone 424.259.3036. Collective Genius - Planning and Recruiting for Emerging Growth Companies and Venture Capital Firms. 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]. ------------------------------ *Recent Funding <#m_9035071317888723790_funding>* 3/01/19 Jet Edge International <http://www.socaltech.com/intelligence/?action=showdeal&id=96079> Van Nuys $60.00 M 2/27/19 Pathnostics <http://www.socaltech.com/intelligence/?action=showdeal&id=95978> Irvine $0.00 M 2/27/19 Axial Biotherapeutics <http://www.socaltech.com/intelligence/?action=showdeal&id=95977> Boston $25.00 M 2/25/19 Dray Alliance <http://www.socaltech.com/intelligence/?action=showdeal&id=95860> Lakewood $3.50 M 2/22/19 The Action Network <http://www.socaltech.com/intelligence/?action=showdeal&id=95811> Playa Vista $17.50 M 2/20/19 Brainbase <http://www.socaltech.com/intelligence/?action=showdeal&id=95749> Los Angeles $1.00 M 2/20/19 CLUTTER INC. <http://www.socaltech.com/intelligence/?action=showdeal&id=84706> Culver City $200.00 M 2/19/19 Sabrewing Aircraft Company <http://www.socaltech.com/intelligence/?action=showdeal&id=95596> Camarillo $2.00 M 2/14/19 Skylar Body <http://www.socaltech.com/intelligence/?action=showdeal&id=95592> Venice $8.00 M 2/07/19 GOAT <http://www.socaltech.com/intelligence/?action=showdeal&id=95481> Los Angeles $100.00 M 2/07/19 Power Digital Marketing <http://www.socaltech.com/intelligence/?action=showdeal&id=95480> San Diego $0.00 M 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html March 16, Los Angeles -- *Hyperloop brunchwork* Hyperloop brunchwork. You're invited to an unforgettable brunch with Hyperloop Co-Founder & CEO Dirk Ahlborn. Enjoy a fireside chat with Dirk, curated connections, a business challenge and pitch off... over a seasonal, locally-sourced meal. See http://www.socaltech.com/calendar/eventid/26399 March 20, San Diego -- *Energy Storage: Key to ending our dependence on fossil fuels and getting to 100% renewable energy. (2019-03-20)* Energy Storage: Key to ending our dependence on fossil fuels and getting to 100% renewable energy. Enterprise Forum San Diego. As California pursues its goal of 60% renewable energy by 2030 and 100% zero-carbon electricity by 2045, capturing and storing renewable energy resources will be critical in ending the state’s dependence on fossil fuels and meeting ambitious climate change goals. In the San Diego region, cities are adopting climate action plans calling for 100% renewable energy by as soon as 2035. Rapidly accelerating progress in energy storage is bringing us closer than ever to achieving a cleaner, more resilient grid and pollution-free transportation. Join us as we explore a variety of the most innovative storage developments and deployments. See http://www.socaltech.com/calendar/eventid/26366 March 20, Los Angeles -- *TechFire Spring 2019 Conference* *NEW* . See http://www.socaltech.com/calendar/eventid/26404 March 21, Irvine -- *TCVN's 2019 Investor Speed Dating* TCVN Speed Dating. Your palms are sweaty. Your legs are shaking. You can’t get the words out of your mouth fast enough. Finally, everything starts to flow. You’re in the zone. Then suddenly, without notice, the buzzer rings and you have to move on. This is not the typical speed-dating scenario. This is how you will feel as an entrepreneur who will soon make investor pitches at the 2019 Speed Dating with Investors event March 21, 2019. Why the anxiety? The presentations will be made one-on-one to many potential investors including members of Tech Coast Angels and you’ve only got few short minutes to pitch, Q&A and listen to seasoned advice and recommendation. That’s not a lot of time. Fortunately, TCVN and the Speed Dating with Investors event is designed to introduce entrepreneurs and startup companies to the world of angel investing. This is not a sales event. Our focus is education, networking and the potential opportunity to connect entrepreneurs with investors. In addition to the TCVN team, investors will be present to speak to participants about their needs. Spots are limited. Acceptance will be on a first come first serve basis, so entrepreneurs, sign up early. See http://www.socaltech.com/calendar/eventid/26332 March 21, El Segundo -- *Investment in Technology and Automation Across Industry in LA County* R.E.D Talk: Investment in Technology and Automation Across Industry in LA County. aking a closer look at how industries like transportation, aerospace, trade & logistics, manufacturing, and banking are adapting to new waves of technology and advancement in automation. See http://www.socaltech.com/calendar/eventid/26368 March 23, Pasadena -- *Caltech Entrepreneurs Forum - Security Tokens and Blockchain* Caltech Entrepreneurs Forum - Security Tokens and Blockchain. A high value application of Blockchain is the reliable recording of ownership of things in the real world, ranging from stocks and bonds, to real estate, even to ownership of fine art. This will require the development of technologies and technical infrastructure that do not yet exist. Now and in the near future, there will be many opportunities for entrepreneurs who produce the technical solutions. This program will sort out the various opportunities and will attempt to identify which current players are likely to continue to dominate the marketplace and become customers for the new technologies. See http://www.socaltech.com/calendar/eventid/26384 March 26, San Diego -- *San Diego Fundingpost VC and Angel Investor Conference* San Diego Fundingpost VC and Angel Investor Conference. Interested in meeting and pitching to early-stage Angel Investors and Venture Capitalists in Southern California? Register for the FundingPost event on Tuesday, March 26th, 2019. FundingPost has hosted 400 sold-out venture events in 22 cities over the past 18 years. At our next event, the panel of Investors will focus on Early-Stage Venture Investing: How to meet investors, pitch them, and what it really takes to get them to write you a check! We will be discussing trends in Early-Stage Investing, hot sectors, sectors that these Angels and VCs look at, things that are most important to them when they are considering an Investment, the best and worst things an entrepreneur can do to get their attention, additional advice for entrepreneurs, and, of course, the best ways to reach these and other Investors. There will be plenty of time for networking with the Investor panelists, both before the panel and after the panel at the Cocktail Party! Interested in pitching? 15 will be selected for a 60-second fast pitch to the panel of Investors. The Investors will vote and the winner will get meetings with the Investors. We will have a sign up sheet at the registration table. Exhibitor passes include: - 3 tickets - Table top to display product / service - 4-minute speaking slot at the end of the normal 60- second pitches. Register today, because this event will sell out and seating is limited! Location: WeWork B Street, 600 B St San Diego, CA 92101 Date: Tuesday, March 26, 2019 Time: 5:30pm-8:30pm Speakers: Moderator: Joe Daniels, McCarter & English Greg Horowitt, Managing Director, Jun Capital Partners Dror Habusha, Angel Investor Andrew Ly, Angel Investor Silvia Mah, Co-Founder, AD ASTRA Ventures MORE INVESTORS TBA. See http://www.socaltech.com/calendar/eventid/26400 March 26, Los Angeles -- *Women's Founder LA. THE ROAD TO FUNDING* *NEW* . See http://www.socaltech.com/calendar/eventid/26403 March 27, Irvine -- *Orange County Fundingpost VC and Angel Investor Conference* Orange County Fundingpost VC and Angel Investor Conference. Interested in meeting and pitching to early-stage Angel Investors and Venture Capitalists in Southern California? Register for the FundingPost event on Wednesday, March 27th, 2019. FundingPost has hosted 400 sold-out venture events in 22 cities over the past 18 years. At our next event, the panel of Investors will focus on Early-Stage Venture Investing: How to meet investors, pitch them, and what it really takes to get them to write you a check! We will be discussing trends in Early-Stage Investing, hot sectors, sectors that these Angels and VCs look at, things that are most important to them when they are considering an Investment, the best and worst things an entrepreneur can do to get their attention, additional advice for entrepreneurs, and, of course, the best ways to reach these and other Investors. There will be plenty of time for networking with the Investor panelists, both before the panel and after the panel at the Cocktail Party! Interested in pitching? 15 will be selected for a 60-second fast pitch to the panel of Investors. The Investors will vote and the winner will get meetings with the Investors. We will have a sign up sheet at the registration table. Exhibitor passes include: - 3 tickets - Table top to display product / service - 4-minute speaking slot at the end of the normal 60- second pitches. Register today, because this event will sell out and seating is limited! Location: WeWork The Boardwalk, 18575 Jamboree Road Irvine, CA 92612 Date: Wednesday, March 27, 2019 Time: 5:30pm-8:30pm Speakers: Moderator: Joe Daniels, McCarter & English David Friedman, Vice President, Tech Coast Angels OC Dean Kline, Managing Director, Penn Venture Partners Kevin Park, Angel Investor JJ Richa, Tech Coast Angels, Angel Investor Kat Utecht, Managing Partner, Core Innovation Capital Scott Fox, Angel Investor MORE INVESTORS TBA. See http://www.socaltech.com/calendar/eventid/26401 March 28, Santa Monica -- *Los Angeles Fundingpost VC and Angel Investor Conference* Interested in meeting and pitching to early-stage Angel Investors and Venture Capitalists in Southern California? Register for the FundingPost event on Thursday, March 28th, 2019. FundingPost has hosted 400 sold-out venture events in 22 cities over the past 17 years. At our next event, the panel of Investors will focus on Early-Stage Venture Investing: How to meet investors, pitch them, and what it really takes to get them to write you a check! We will be discussing trends in Early-Stage Investing, hot sectors, sectors that these Angels and VCs look at, things that are most important to them when they are considering an Investment, the best and worst things an entrepreneur can do to get their attention, additional advice for entrepreneurs, and, of course, the best ways to reach these and other Investors. There will be plenty of time for networking with the Investor panelists, both before the panel and after the panel at the Cocktail Party! Interested in pitching? 15 will be selected for a 60-second fast pitch to the panel of Investors. The Investors will vote and the winner will get meetings with the Investors. We will have a sign up sheet at the registration table. Exhibitor passes include: - 3 tickets - Table top to display product / service - 4-minute speaking slot at the end of the normal 60- second pitches. Register today, because this event will sell out and seating is limited! Location: Cross Campus 929 Colorado Ave Santa Monica, CA 90401 Date: Thursday March 28, 2019 Time: 5:30pm-8:30pm Speakers: Moderator: Joe Daniels, McCarter & English Robert Mai, Scopus Ventures Andrew Ly, Angel Investor Brandon Maier, Quake Capital Mark Linao, AET Fund Kelly Perdew, Moonshots Capital Richard Sussman, Nordic Eye VC. See http://www.socaltech.com/calendar/eventid/26369 April 2, Los Angeles -- *Industry 4.0: The Future of Humanity in the Smart Machine Age* Industry 4.0: The Future of Humanity in the Smart Machine Age. Please join us for a special one-day event on Tuesday, April 2, 2019, at the Novo Room in downtown Los Angeles, in celebration of Pepperdine Graziadio Business School’s 50th anniversary. The full day of events, titled “Industry 4.0: The Future of Humanity in the Smart Machine Age,” will cover topics including the 4th Industrial Revolution and how to prepare the future workforce for increased automation. Pepperdine Graziadio Dean Deryck van Rensburg, Apple Co-Founder Steve Wozniak, Singularity University Founding Executive Director Salim Ismail, and Institute for the Future’s Bob Johansen along with several other influential thought leaders will share their insights on how employers can prepare for the Smart Machine Age and how employees can ensure they remain competitive as automation increases in nearly every industry sector. See http://www.socaltech.com/calendar/eventid/26393 April 5, Camarillo -- *Startups Ventura County* Startups Ventura County (April 5-7, 2019), formerly known as Startup Weekend Ventura County (SWVC), is not a typical startup weekend. Yes, it is an event where entrepreneurs can, over 54 hours, take ideas to a proof of concepts. But it is far more than that. At this event, entrepreneurs get to join forces with intrapreneurs from the two target industries, healthcare and agriculture, to address known challenges and inefficiencies. See http://www.socaltech.com/calendar/eventid/26339 April 6, Camarillo -- *Startups Ventura County* Startups Ventura County (April 5-7, 2019), formerly known as Startup Weekend Ventura County (SWVC), is not a typical startup weekend. Yes, it is an event where entrepreneurs can, over 54 hours, take ideas to a proof of concepts. But it is far more than that. At this event, entrepreneurs get to join forces with intrapreneurs from the two target industries, healthcare and agriculture, to address known challenges and inefficiencies. See http://www.socaltech.com/calendar/eventid/26340 April 7, Camarillo -- *Startups Ventura County* Startups Ventura County (April 5-7, 2019), formerly known as Startup Weekend Ventura County (SWVC), is not a typical startup weekend. Yes, it is an event where entrepreneurs can, over 54 hours, take ideas to a proof of concepts. But it is far more than that. At this event, entrepreneurs get to join forces with intrapreneurs from the two target industries, healthcare and agriculture, to address known challenges and inefficiencies. See http://www.socaltech.com/calendar/eventid/26341 April 10, Los Angeles -- *Digital Summit LA* Digital Summit LA. Why Attend in 2019? Phenomenal Content (and more of it!). We have 45+ sessions from industry leading companies — each promising the forward-leaning strategies and tactics you need to set up big wins in 2019. Awesome Keynotes - including entrepreneur, best-selling author, and tech media personality, Randi Zuckerberg, Amazon's Chief Evangelist, Dave Isbitski, and SparkToro CEO, Rand Fishkin. will be joining our all-star lineup — with more to be announced! A ridiculous, expanded list of industry heavyweights and innovators on this year's speaker roster. We're talking Amazon, Marvel, Nike, Google, Refinery29, Southwest, WIRED, Periscope, Reebok, Microsoft — with more being added every week! Even more networking opportunities with 1300+ seasoned marketing geeks like you throughout the event. Connect with like-minds, partners, and new friends at afternoon bars, parties, between sessions and more!. See http://www.socaltech.com/calendar/eventid/26312 ------------------------------ *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). 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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