*socaltech.com <http://socaltech.com> TechNews - Tuesday, April 16, 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 * - California Dominates In Electric Vehicle Adoption, As EV Adoption Grows <#m_-7813998546313084856_0077896> - Flowspace Finds $12M For On Demand Warehousing <#m_-7813998546313084856_0077892> - Enevate Gets Funding Injection From Thai Energy Giant <#m_-7813998546313084856_0077893> - Ensysce Biosciences Names New CFO, COO <#m_-7813998546313084856_0077894> - HG Insights Powers New Forrester Market Research Offering <#m_-7813998546313084856_0077895> - Rael Rolls Out At Target <#m_-7813998546313084856_0077891> - SpaceX Falcon Heavy Core Lost To Heavy Seas <#m_-7813998546313084856_0077890> - Hulu Buys Back Stake From AT&T <#m_-7813998546313084856_0077888> - Report: Clearlake Capital Seeks To Sell Perforce <#m_-7813998546313084856_0077885> *Marketplace* - Peak - OKR Planning for Growth Companies and Venture Capital Firms by Collective Genius <#m_-7813998546313084856_ad741> - BDO - Southern California Technology Industry Team <#m_-7813998546313084856_ad737> - Stubbs Alderton & Markiles Preccelerator <#m_-7813998546313084856_ad694> - Square 1 Bank - Brian Weber <#m_-7813998546313084856_ad695> *Tuesday, April 16, 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/ *California Dominates In Electric Vehicle Adoption, As EV Adoption Grows* <http://www.socaltech.com/fullstory/0077896.html> California dominates the United States in terms of electric vehicle (EV) adoption, according to new numbers on EV adoption were released on Monday, representing 46 percent of all new electric vehicle registrations in 2018. According to research firm IHS Markit, the U.S. market for fully electric vehicles hit a record volume of 208,000 cars registered during the year of 2018, as electric vehicle volumes have reached record highs. (More... <http://www.socaltech.com/fullstory/0077896.html>) *Flowspace Finds $12M For On Demand Warehousing* <http://www.socaltech.com/fullstory/0077892.html> Culver City-based Flowspace, a provider of "on-demand" warehousing and fulfillment services to businesses, has raised $12M in a Series A funding round, the company announced this morning. According to Flowspace, the round was led by Canvas Ventures, and also included Moment Ventures, 1984 Ventures and Y Combinator. Flowspace has now raised a total of $15.4M in funding, including an earlier $3.4M seed funding it receivedin 2017. ( More... <http://www.socaltech.com/fullstory/0077892.html>) *Enevate Gets Funding Injection From Thai Energy Giant* <http://www.socaltech.com/fullstory/0077893.html> Irvine-based battery charging technology developer Enevate, which is aiming its technology at the electric vehicle (EV) market, announced this morning that it has received a round of funding from Bangchak, a Thai energy company. Enevate said the funding came via the Bangchak Initiative and Innovation Center (BiiC). Financial details and terms of the deal were not announced by the company. (Funding Details <https://www.socaltech.com/intelligence/?action=showco&id=30615>)(More... <http://www.socaltech.com/fullstory/0077893.html>) *Ensysce Biosciences Names New CFO, COO* <http://www.socaltech.com/fullstory/0077894.html> San Diego-based Ensysce Biosciences, a clinical phase, drug development company aiming at overcoming prescription drug abuse and overdose issues, said it has named a new CFO and COO this morning. According to the firm, it has named Kurt Schmidt as Chief Financial Officer, and Geoff Birkett as Chief Commercial Officer. (More... <http://www.socaltech.com/fullstory/0077894.html>) *HG Insights Powers New Forrester Market Research Offering* <http://www.socaltech.com/fullstory/0077895.html> Santa Barbara-based software developer HG Insights is powering a new market research offering from research and advisory giant Forrester, to power Forrester's new Business Technographics Service. According to the two companies, Forrester will use "technographics" from HG Insights, to help Forrester's customers see technology adoption trends in more than 45 different markets worldwide. (More... <http://www.socaltech.com/fullstory/0077895.html>) *Rael Rolls Out At Target* <http://www.socaltech.com/fullstory/0077891.html> Los Angeles-based Rael, a venture-backed startup which provides natural and organic feminine care products, says its products are now on the shelf at Target. According to Rael, its products--which include cotton pads, pantyliners, and feminine wash--will be available both at Target's 1,850 physical stores, as well as online. Rael is backed by $17.5M in funding from such investors as SoftBank Ventures Korea and Thrive Market Ventures. ( More... <http://www.socaltech.com/fullstory/0077891.html>) *SpaceX Falcon Heavy Core Lost To Heavy Seas* <http://www.socaltech.com/fullstory/0077890.html> The core of the Falcon Heavy rocket--which was successfully landed on a drone ship last week, in the first commercial Falcon Heavy launch by Hawthorne, California-based SpaceX, has been lost in the Atlantic, according to SpaceX. Apparently, the Falcon Heavy's center core was lost due to eight to ten foot swells in the oceans off Cape Canaveral. SpaceX had landed the center core at sea, and two booster rockets on land in its launch of the Arabsat-6A high capacity telecommunications satellite. ( More... <http://www.socaltech.com/fullstory/0077890.html>) *Hulu Buys Back Stake From AT&T* <http://www.socaltech.com/fullstory/0077888.html> Los Angeles-based streaming television service Hulu and AT&T said on Monday that Hulu has acquired AT&T's 9.5 percent stake in the company, worth $1.43 billion. AT&T and Hulu said the deal values Hulu at $15 billion. Hulu did not say what the source of financing was for the deal. AT&T had been a shareholder in Hulu for the past two years as a minority share owner, via its acquisition of Time Warner. (More... <http://www.socaltech.com/fullstory/0077888.html>) *Report: Clearlake Capital Seeks To Sell Perforce* <http://www.socaltech.com/fullstory/0077885.html> Santa Monica-based private equity investor Clearlake Capital is hoping to sell one of its portfolio companies, Perforce Software, for around $2 billion, according to a report from Bloomberg over the weekend. Perforce has been owned by Clearlake Capital since January of 2018. Perforce is a developer of source control software, which is used by software engineering teams to manage software source code and software releases. (More... <http://www.socaltech.com/fullstory/0077885.html>) *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 *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/ *Square 1 Bank - Brian Weber <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 Brian Weber at [email protected]. ------------------------------ *Recent Funding <#m_-7813998546313084856_funding>* 4/16/19 Enevate <http://www.socaltech.com/intelligence/?action=showdeal&id=96652> Irvine $0.00 M 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 Axial Biotherapeutics <http://www.socaltech.com/intelligence/?action=showdeal&id=95977> Boston $25.00 M 2/27/19 Pathnostics <http://www.socaltech.com/intelligence/?action=showdeal&id=95978> Irvine $0.00 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html 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 [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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