*socaltech.com <http://socaltech.com> TechNews - Tuesday, April 9, 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 * - Coozie, Backed By Science Inc., Launches Outdoor Gear Rentals <#m_5250223278365200610_0077821> - EvoNexus Launches Fintech Incubator <#m_5250223278365200610_0077822> - inVia Robotics Expands Win With Rakuten <#m_5250223278365200610_0077825> - Age of Learning Rolls Out Massively Multiplayer Educational Game <#m_5250223278365200610_0077824> - HyreCar Renews Insurance Partnership <#m_5250223278365200610_0077823> - Rocket Lab Expands Into Satellite Manufacturing <#m_5250223278365200610_0077826> - Maxon Buys Redshift Rendering Technologies <#m_5250223278365200610_0077820> - PeerStreet Drops Investment Minimums To $100 <#m_5250223278365200610_0077819> - Core Innovation Capital Plans $100M, Third Fund For Fintech Investments <#m_5250223278365200610_0077816> - Fifth Wall Ventures Gets More Funding in Fund II Aims To Raise $500M <#m_5250223278365200610_0077815> - MomentFeed Names New VP <#m_5250223278365200610_0077814> - CitySourced Merges With Rock Solid Technologies <#m_5250223278365200610_0077812> - SHO Products Raises $3.6M For Cannabis Accessories <#m_5250223278365200610_0077811> - Lawn Love Expands In Orange County <#m_5250223278365200610_0077810> - GoGuardian Names CFO <#m_5250223278365200610_0077807> - Guardion Health Sciences Raises $5.0M In Small IPO <#m_5250223278365200610_0077804> *Marketplace* - BDO - Southern California Technology Industry Team <#m_5250223278365200610_ad737> - Square 1 Bank <#m_5250223278365200610_ad695> - Stubbs Alderton & Markiles Preccelerator <#m_5250223278365200610_ad694> - Stradling <#m_5250223278365200610_ad608> - SoCal IP Law Group LLP - Serving the IP Needs of Technology Innovators <#m_5250223278365200610_ad611> - Early Stage Commercial Insurance - Pacific Unified Insurance Agency <#m_5250223278365200610_ad596> *Tuesday, April 9, 2019* *Recurring Revenue Conference - April 30 to May 1st - Marina Del Rey <https://www.recurringrevenueconference.com/>* Welcome to the 5th annual Recurring Revenue Conference: Scaling SaaS & Subscription Businesses presented by Sutton Capital Partners. Join 700+ entrepreneurs, executives and leading investors to discuss the Subscription Economy. Hear from companies including Zenefits, Mavenlink, Dollar Shave Club, ipsy, Sage Intacct, ProfitWell, Headspace, Winc and many more. Attend the pre-conference workshop on April 30, 1-5pm followed by Happy Hour. Real tactics and actionable takeaways. Interested in Sponsorship or exhibiting? Contact: Nancy Hammerman [email protected] Register today! Use Promo Code: SoCalTECH to get 20% discount. Tickets and info: bit.ly/2TXSCqc https://www.recurringrevenueconference.com/ *Coozie, Backed By Science Inc., Launches Outdoor Gear Rentals* <http://www.socaltech.com/fullstory/0077821.html> A new, Santa Monica-based startup, Coozie, backed by startup studio Science Inc., said Tuesday mornig that it has launched a new, outdoor gear rental service, aimed at helping its customers get into the outdoors without having to invest in their own gear. According to the startup, it is hoping to democratize access to the outdoors, but in a way that promotes "sustainable outdoor recreation" and reduces the burden of ownership. ( More... <http://www.socaltech.com/fullstory/0077821.html>) *EvoNexus Launches Fintech Incubator* <http://www.socaltech.com/fullstory/0077822.html> San Diego-based startup incubator operator EvoNexus is launching a brand new, financial technology (Fintech) incubator, in a partnership with Royal Bank of Canada (RBC) and Franklin Templeton, the incubator announced this morning. According to EvoNexus, the incubator will work with startups focused on technology areas that will impact financial services companies of all sizes and the customers they serve. (More... <http://www.socaltech.com/fullstory/0077822.html>) *inVia Robotics Expands Win With Rakuten* <http://www.socaltech.com/fullstory/0077825.html> Westlake Village-based inVia Robotics, which develops robots used to automate the process of picking and placing products in warehouses, has deployed its robots in an expanded deal with Rakuten Super Logistics. According to inVia Robotics, it is expanding deployment of its Picker robots into additional, Rakuten Super Logistics (RSL) warehouses across the United States. Financial impact of the win was not announced. (More... <http://www.socaltech.com/fullstory/0077825.html>) *Age of Learning Rolls Out Massively Multiplayer Educational Game* <http://www.socaltech.com/fullstory/0077824.html> Los Angeles-based educational games maker Age of Learning has launched a brand new, massively multiplayer online game, called Adventure Academy, targeted towards both elementary and middle school age children. According to Age of Learning, the new title offers up a massively multiplayer online game which helps students with "essential curriculum topics" in the areas of language arts, math, science, social studies, and more. (More... <http://www.socaltech.com/fullstory/0077824.html>) *HyreCar Renews Insurance Partnership* <http://www.socaltech.com/fullstory/0077823.html> Los Angeles-based car sharing marketplace HyreCar, which operates a marketplace which lets automotive fleet owners offer up their vehicles to Uber, Lyft, and other ridesharing drivers, says it has renewed an auto insurance deal it has with Y-Risk, a brand of The Hartford. Financial details of that partnership were not announced. According to HyreCar, the insurance program is now being underwritten by The Hartford, as a result of the acquisition of Y-Risk in December of 2018. (More... <http://www.socaltech.com/fullstory/0077823.html>) *Rocket Lab Expands Into Satellite Manufacturing* <http://www.socaltech.com/fullstory/0077826.html> Huntington Beach-based space rocket developer RocketLab, which has been launching small satellites ("cubesats") into space on its own rocket, is expanding the scope of its services to include actual manufacturing of satellites for its customers. According to Rocket Lab, it has developed a new satellite platform called the "Photon", which it will customize for small satellite operators. (More... <http://www.socaltech.com/fullstory/0077826.html>) *Maxon Buys Redshift Rendering Technologies* <http://www.socaltech.com/fullstory/0077820.html> Newbury Park, California-based Maxon, which develops 3D modeling, animation, and rendering software, has acquired Redshift Rendering Technologies, a developer of 3D rendering engines. Financial details of the acquisition were not announced. Redshift's rendering engine runs on graphical processing units (GPUs), and plugs into Maxon's Cinema 4D and other 3D applications. (More... <http://www.socaltech.com/fullstory/0077820.html>) *PeerStreet Drops Investment Minimums To $100* <http://www.socaltech.com/fullstory/0077819.html> Los Angeles-based PeerStreet, the startup which offers up investment opportunities in real estate backed loans, says it has dropped investment minimums on its service to just $100, when used with automated investments. The company says the drop in minimums is aimed at helping its individual investors better diversify their portfolio. PeerStreet has now had over $2 billion in transactions on its platform, as of March, according to the company. The company is venture backed by Andreessen Horowitz. (More... <http://www.socaltech.com/fullstory/0077819.html>) *Core Innovation Capital Plans $100M, Third Fund For Fintech Investments* <http://www.socaltech.com/fullstory/0077816.html> Los Angeles-based fintech venture capital investor Core Innovation Capital is out looking for new investors in its third fund, with a target of $100M, according to regulatory filing by the firm on Friday. The fund--managed by Arjan Schutte and Kathleen Utecht--invests in financial technology companies, and counts such portfolio companise as Fair, Honest Dollar (acquired), CoverHound, Mirador (acquired), Nerdwallet, Ripple, Tio (acquired), and many others. (More... <http://www.socaltech.com/fullstory/0077816.html>) *Fifth Wall Ventures Gets More Funding in Fund II Aims To Raise $500M* <http://www.socaltech.com/fullstory/0077815.html> Venice, California-based venture capital investment fund Fifth Wall Ventures, has just received a sizeable commit into its second fund, Fifth Wall Ventures II, according to a regulatory filing by the company. According to the filing, the company now has $468.0M raised out of a $500M targeted fund size, up from an earlier $100M in raised for the fund in June of 2018. Fifth Wall has backed such companies as Clutter, Lime, Opendoor, Classpass, and many others. (More... <http://www.socaltech.com/fullstory/0077815.html>) *MomentFeed Names New VP* <http://www.socaltech.com/fullstory/0077814.html> Santa Monica-based MomentFeed, which develops software to help multi-location brands manage the mobile experience of their customers, said Monday that it has named Kyle Koch as Global Vice President, Client Success. Koch previously was Associate Vice President at Sprinklr, where he was for six years. MomentFeed said that Koch will be in charge of its success management, training and professional services functions. (More... <http://www.socaltech.com/fullstory/0077814.html>) *CitySourced Merges With Rock Solid Technologies* <http://www.socaltech.com/fullstory/0077812.html> Los Angeles-based CitySourced, which develops mobile apps to help cities communicate with their constituents, has merged with Rock Solid Technologies, a provider of software to the government. Financial terms of the merger were not announced. Rock Solid is owned by private equity investor Strattam Capital. CitySourced was founded in 2009, and is led by CEO Jason Kiesel. (More... <http://www.socaltech.com/fullstory/0077812.html> ) *SHO Products Raises $3.6M For Cannabis Accessories* <http://www.socaltech.com/fullstory/0077811.html> Los Angeles-based SHO Products, which is a manufacturer and distributor of products for the growing cannabis (legal marijuana) market, said today that it has raised $3.6M in a Series A funding round. The funding was led by New York philanthropist and venture capital investor Ann Tenenbaum, along with other, un-named investors. According to the company, it will use the funding for marketing and distribution, among other efforts. (More... <http://www.socaltech.com/fullstory/0077811.html>) *Lawn Love Expands In Orange County* <http://www.socaltech.com/fullstory/0077810.html> San Diego-based Lawn Love, which provides on-demand, lawn mowing and care services, says it has launched its services in Orange County, as part of an expansion effort. Lawn Love says it is backed by such investors as Joe Montana, Alexis Ohanian, Barbara Corcoran, Bullpen Capital, and others, and was part of the 2014 Y-Combinator startup incubator program. (More... <http://www.socaltech.com/fullstory/0077810.html>) *GoGuardian Names CFO* <http://www.socaltech.com/fullstory/0077807.html> Los Angeles-based educational software developer GoGuardian, a developer of software for the K-12 market, said it has named Mike Jonas its new Chief Financial Officer. Jonas was most recently CFO of ThriftBooks, and also had been at Microsoft for 14 years. (More... <http://www.socaltech.com/fullstory/0077807.html>) *Guardion Health Sciences Raises $5.0M In Small IPO* <http://www.socaltech.com/fullstory/0077804.html> San Diego-based Guardion Health Sciencs, which is developing "condition-specific medical foods and testing technologies" for the ocular health market, has raised $5.0M in a small IPO. The company priced its IPO on Friday, selling 1,250,000 shares of its common stock at a price of $4.00 per share. The company has now started trading on the Nasdaq Capital Market as GHSI. The IPO was managed by WallachBeth Capital and WestPark Capital. ( More... <http://www.socaltech.com/fullstory/0077804.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 [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/ *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. *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 *Early Stage Commercial Insurance - Pacific Unified Insurance Agency <[email protected]>* We are a commercial insurance broker working with startup and early stage technology and E-Commerce companies to implement cost effective strategies for their insurance and risk management programs. We provide guidance and strategic planning during various phases and also advise regarding employee benefit structures to assist in employee recruiting and retention. Coverage placements include D&O, Property, Liability, Workers Comp, E&O, Cyber/Network Security and Employee Benefit Programs. Contact: John Huttinger, CIC, CRM Vice President Ph#310-370-5000 Ext 3025 w Fx 310-370-5454 [email protected] ------------------------------ *Recent Funding <#m_5250223278365200610_funding>* 4/03/19 GIBLIB <http://www.socaltech.com/intelligence/?action=showdeal&id=96481> Los Angeles $2.50 M 3/27/19 Trellis Research <http://www.socaltech.com/intelligence/?action=showdeal&id=96436> Los Angeles $2.00 M 3/22/19 Cardea Bio <http://www.socaltech.com/intelligence/?action=showdeal&id=96273> San Diego $7.80 M 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 CLUTTER INC. <http://www.socaltech.com/intelligence/?action=showdeal&id=84706> Culver City $200.00 M 2/20/19 Brainbase <http://www.socaltech.com/intelligence/?action=showdeal&id=95749> Los Angeles $1.00 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html April 9, Los Angeles -- *CIS Blockchain Conference* CIS Blockchain Technology Innovation. Conference and Expo for Blockchain Entrepreneurs, Investors, and Developers. See http://www.socaltech.com/calendar/eventid/26427 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 April 10, Los Angeles -- *CIS Blockchain Conference* CIS Blockchain Technology Innovation. Conference and Expo for Blockchain Entrepreneurs, Investors, and Developers. See http://www.socaltech.com/calendar/eventid/26428 April 11, Santa Monica -- *Santa Monica Tech Happy Hour on the Patio!* Santa Monica Tech Happy Hour on the Patio! by Startup Coil. It's finally patio season! Let's get things warmed up with an epic L.A. Tech Happy Hour overlooking the 3rd Street Promenade in beautiful downtown Santa Monica. See http://www.socaltech.com/calendar/eventid/26411 April 13, Pasadena -- *Caltech Entrepreneurs Forum - Venture Funding* Caltech Entrepreneurs Forum - Venture Funding. The Los Angeles Tech & Venture Scene 2019 / Anatomy of a Successful Seed Round. Our program keynote will debut the 2019 Amplify.LA presentation which offers a comprehensive overview of the Los Angeles tech and venture landscape. It includes a look back on 2018, and covers all the players, investors, history and emerging players in LA tech. Speaker include Eric Pakravan of Amplify, Arye Barnehama of Elementary Robotics, Eva Ho of Fika Ventures and Alex Rubalcava of Stage Venture Partners. . See http://www.socaltech.com/calendar/eventid/26408 April 17, Santa Barbara -- *CyberSecurity: 5th Generation Threats- What We Know. Should Know. And, Don't Know.* CyberSecurity: 5th Generation Threats-What We Know. Should Know. And, Don't Know. MIT Enterprise Forum of the Central Coast. Cyber threats capable of massive economic and social disruption are poorly understood and vastly underestimated. Cybersecurity is a continuing arms race. This panel/presentation will review the state of the art in cyber threats, security, and both offensive and defensive cybertactics. Cyber attacks continue to evolve. As they become more advanced and more sophisticated, government and business must stay ahead of cyberspies and criminals to ensure they remain protected – no matter what threats the future will bring. We are facing the 5th generation of attacks, but most businesses only have 2nd or 3rd generation security. See http://www.socaltech.com/calendar/eventid/26426 April 17, Santa Barbara -- *CyberSecurity: 5th Generation Threats- What We Know. Should Know. And, Don't Know.* *NEW* . See http://www.socaltech.com/calendar/eventid/26429 April 17, Westlake Village -- *ACG 101 Spring Social and Brewfest!* *NEW* . See http://www.socaltech.com/calendar/eventid/26430 April 17, Woodland Hills -- *2019 SFVBJ Women's Council* 2019 SFVBJ Women's Council. San Fernando Valley Business Journal.The San Fernando Valley Business Journal is proud to present the 2019 Women's Council Awards at the Hilton Woodland Hills. The San Fernando Valley Business Journal is proud to present our Women's Council Awards at the Hilton Woodland Hills. At the luncheon awards program, we will honor women who have made a difference throughout the Valley area. Join us in honoring the outstanding achievements by women who make a difference throughout the San Fernando, Santa Clarita, Conejo, and Antelope valley community. Award Categories: CEO of the Year, Executive of the Year, Volunteer of the Year, Rising Star, Not-For-Profit, Business Owner of the Year, Business Team of the Year, and Lifetime Achievement Award. See http://www.socaltech.com/calendar/eventid/26413 April 22, Los Angeles -- *CTO Awards* LABJ CTO Awards. This event will honor Chief Technology and Information Officers and others who are in the top information technology positions within their organizations. These important individuals and teams play vital roles in making Los Angeles a hub for innovation, and in making its businesses, institutions, and nonprofits successful. See http://www.socaltech.com/calendar/eventid/26409 ------------------------------ *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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