*socaltech.com <http://socaltech.com> TechNews - Thursday, April 11, 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 * - How ZestFinance Is Using Machine Learning to Reshape Lending, with Jay Budzik <#m_6398193041629724659_0077848> - Kyriba Completes $160M Majority Financing Round <#m_6398193041629724659_0077850> - EVgo Deploys Battery Storage Across 14 Fast Charging Stations <#m_6398193041629724659_0077852> - FastPay Links With Advantage Software <#m_6398193041629724659_0077851> - SpaceX To Try Falcon Heavy Launch Again Today <#m_6398193041629724659_0077853> - Procore Joins Philanthropy Movement <#m_6398193041629724659_0077849> - LA's DroneBase Gets Strategic Funding From FLIR Systems <#m_6398193041629724659_0077835> *Marketplace* - Square 1 Bank <#m_6398193041629724659_ad695> - Stubbs Alderton & Markiles Preccelerator <#m_6398193041629724659_ad694> - SoCal IP Law Group LLP - Serving the IP Needs of Technology Innovators <#m_6398193041629724659_ad611> - BDO - Southern California Technology Industry Team <#m_6398193041629724659_ad737> *Thursday, April 11, 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 n...@suttoncapitalpartners.com Register today! Use Promo Code: SoCalTECH to get 20% discount. Tickets and info: bit.ly/2TXSCqc https://www.recurringrevenueconference.com/ *How ZestFinance Is Using Machine Learning to Reshape Lending, with Jay Budzik* <http://www.socaltech.com/fullstory/0077848.html> One of the hottest sectors of the technology startup market today is the use of artificial intelligence, big data, and machine learning across many different sectors---including finance. One Los Angeles company, ZestFinance (www.zestfinance.com), has been working in this area for a few years. We caught up with Jay Budzik, the CTO of ZestFinance, to better understand how the company is applying machine learning techniques to the world of lending, and what the advantage of machine learning is to that industry. What does ZestFinance do? Jay Budzik: ZestFinance was founded in 2009, by Douglas Merrill, the former CIO at Google, in order to make fair and transparent credit available to everyone. We develop a set of tools for lenders, which (More... <http://www.socaltech.com/fullstory/0077848.html>) *Kyriba Completes $160M Majority Financing Round* <http://www.socaltech.com/fullstory/0077850.html> San Diego-based Kyriba, which develops cloud-based software used for treasury and finance management by international companies, has completed the $160M majority funding round it first announced in March, giving private equity investor Bridgepoint a majority stake in the company. The funding values the company at $1.2 billion. As part of the deal, Kyriba said its existing investors Daher Capital, Iris Capital, and Ceo Jean-Luc Robert will continue to b investors in the company. (More... <http://www.socaltech.com/fullstory/0077850.html>) *EVgo Deploys Battery Storage Across 14 Fast Charging Stations* <http://www.socaltech.com/fullstory/0077852.html> Los Angeles-based EVgo, which operates a network of fast charging stations for the electric vehicle market, says it has begun deploying battery storage across its stations. The company said it has completed or is in construction of 14 battery storage systems located at 11 of its fast charging stations, which it says will be the largest deployment of battery storage systems at public fast charging stations in the nation. (More... <http://www.socaltech.com/fullstory/0077852.html>) *FastPay Links With Advantage Software* <http://www.socaltech.com/fullstory/0077851.html> Los Angeles-based FastPay, which provides receivables financing to help online publishers and media receive faster payment on their ad inventory, says it has linked up with Advantage Software, an agency management systems provider, in an alliance. According to the companies, the deal will help Advantage offer up B2B payments via virtual card, ACH, portal, secure fax, and checks. Financial details of the link between the companies were not announced. FastPay is led by founder and CEO Jed Simon. (More... <http://www.socaltech.com/fullstory/0077851.html>) *SpaceX To Try Falcon Heavy Launch Again Today* <http://www.socaltech.com/fullstory/0077853.html> Hawthorne-based SpaceX is hoping to launch another rocket, this time a Falcon Heavy, from Florida, later today, after high atmospheric winds scrubbed a launch attempt on Wednesday. According to SpaceX, it is now targeting a launch of Thursday, April 11th with a launch window of 6:35 p.m. EDT for the Arabsat-6A satellite. The satellite is being launched from the NASA Kennedy Space Center in Florida, from Launch Complex 39A. (More... <http://www.socaltech.com/fullstory/0077853.html>) *Procore Joins Philanthropy Movement* <http://www.socaltech.com/fullstory/0077849.html> Carpinteria-based cloud software developer Procore Technologies, which develops cloud- and mobile- software for the construction industry--and is one of Southern California's multi-billion valuation unicorn startups--says it has joined Pledge 1%, a philanthropic group which challenges technology companies to pledge 1 percent of their equity, product, and employee time for their communities. (More... <http://www.socaltech.com/fullstory/0077849.html>) *LA's DroneBase Gets Strategic Funding From FLIR Systems* <http://www.socaltech.com/fullstory/0077835.html> Los Angeles-based drone imagery and UAV pilot network operator DroneBase has received a strategic funding round from thermal imaging camera maker FLIR Systems, the two said this morning, with FLIR becoming the exclusive provider of thermal imaging cameras for the DroneBase pilot network. Size of the investment was not announced. (Funding Details <https://www.socaltech.com/intelligence/?action=showco&id=49605>)(More... <http://www.socaltech.com/fullstory/0077835.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 rchurch...@square1bank.com. *Stubbs Alderton & Markiles Preccelerator <http://stubbsalderton.com/preccelerator/>* Accelerating Growth for Early Stage Innovation The Preccelerator® Program is a platform offered to select start-up companies out of the Santa Monica office of Stubbs Alderton & Markiles, LLP that provides interim office space, sophisticated legal services, mentorship and access to a strategic perks portfolio with the objective of helping you grow your idea from business concept to funded startup. The Preccelerator® Program provides these benefits to as many as 10 promising young startups in separate growth tracks. http://stubbsalderton.com/preccelerator/ *SoCal IP Law Group LLP - Serving the IP Needs of Technology Innovators <http://www.socalip.com>* IP Litigation . IP Transactions . Patent & Trademark Prosecution . IP Strategy . Westlake Village . Santa Barbara . Irvine. i...@socalip.com 805-230-1350 www.socalip.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 ------------------------------ *Recent Funding <#m_6398193041629724659_funding>* 4/10/19 Cullgen <http://www.socaltech.com/intelligence/?action=showdeal&id=96588> San Diego $16.00 M 4/10/19 DroneBase, Inc. <http://www.socaltech.com/intelligence/?action=showdeal&id=96587> Los Angeles $0.00 M 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html 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.* 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. What will it take to insure that our commerce, banking, social media and national security are not compromised as the cybersecurity arms race continues for the forseeable future. See http://www.socaltech.com/calendar/eventid/26429 April 17, Westlake Village -- *ACG 101 Spring Social and Brewfest!* ACG 101 Spring Social and Brewfest! ACG 101 Corridor Chapter. Spring has Sprung, and that means only one thing: It's time for the ACG 101 Annual Spring Social! This year we're being hosted by our very own 2018 Rising Star Award winner, Figueroa Mountain! Come meet and mingle with our area's top dealmakers, craft brewmasters, and company leaders, including Bob Berezansky, CFO of Figueroa Mountain Brewing. 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 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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