*socaltech.com <http://socaltech.com> TechNews - Tuesday, April 30, 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 * - Faraday Future Gets $225M In Bridge Loan <#m_-8214131940467962635_0077990> - Vividion Therapeutics Raises $82M More <#m_-8214131940467962635_0077987> - Quality Built Lands Investment Round From LA's Gallant Capital Partners <#m_-8214131940467962635_0077988> - Mapp Acquires Webtrekk <#m_-8214131940467962635_0077986> - ISSQUARED Buys Network Computing Architects <#m_-8214131940467962635_0077989> - WeWork Files For Confidential IPO <#m_-8214131940467962635_0077985> - Fandango Racks Up $127M In Avengers Tickets Sales Through Opening Weekend <#m_-8214131940467962635_0077982> *Marketplace* - Early Stage Commercial Insurance - Pacific Unified Insurance Agency <#m_-8214131940467962635_ad596> - BDO - Southern California Technology Industry Team <#m_-8214131940467962635_ad737> - Peak - OKR Planning for Growth Companies and Venture Capital Firms by Collective Genius <#m_-8214131940467962635_ad741> - Square 1 Bank - Brian Weber <#m_-8214131940467962635_ad695> - SoCal IP Law Group LLP - Serving the IP Needs of Technology Innovators <#m_-8214131940467962635_ad611> *Tuesday, April 30, 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/ *Faraday Future Gets $225M In Bridge Loan* <http://www.socaltech.com/fullstory/0077990.html> Los Angeles-based electric vehicle developer Faraday Future (FF) says it has received a new, $225M Senior Bridge Financing, from Birch Lake Fund Management, LP, ahead of a $1.25 billion equity capital raise it is running with Stifel Nicolaus & Co. (More... <http://www.socaltech.com/fullstory/0077990.html>) *Vividion Therapeutics Raises $82M More* <http://www.socaltech.com/fullstory/0077987.html> San Diego-based Vividion Therapeutics, a biopharmaceuticals startup working on small molecule drugs, hsa raised $82M in a Series B funding round, the company said this morning. (More... <http://www.socaltech.com/fullstory/0077987.html>) *Quality Built Lands Investment Round From LA's Gallant Capital Partners* <http://www.socaltech.com/fullstory/0077988.html> San Diego-based Quality Built, a provider of third-party, quality-assurance services to the residential and commercial construction industry, has received a private equity investment from Los Angeles-based Gallant Capital Partners. Size of the investment was not announced. (More... <http://www.socaltech.com/fullstory/0077988.html>) *Mapp Acquires Webtrekk* <http://www.socaltech.com/fullstory/0077986.html> San Diego-based digital marketing software provider Mapp announced this morning that it is acquiring German software developer Webtrekk, a developer of marketing analytics and customer intelligence software. Financial details of the acquisition were not announced. Webtreek is based in Berlin. According to Mapp, the addition of Webtrekk's expertise in analytics, customer intelligence, dashboards, machine learning, and AI will help complement its existing offerings. (More... <http://www.socaltech.com/fullstory/0077986.html>) *ISSQUARED Buys Network Computing Architects* <http://www.socaltech.com/fullstory/0077989.html> Los Angeles-base information technology services provider ISSQUARED, which provides security, hybrid cloud infrastructure, networking, and software services, said this morning it has acquired Network Computing Architects (NCA), a provider of IT services to the small and mid-sized business market. Financial details of the buy were not announced. ISSQUARED said the buy will help it extend its coverage with local offices in Washington, Oregon, Texas and California. (More... <http://www.socaltech.com/fullstory/0077989.html>) *WeWork Files For Confidential IPO* <http://www.socaltech.com/fullstory/0077985.html> The We Company, the parent company of WeWork, has filed confidentally for an initial public offering (IPO), the company said late on Monday. The company--which runs a significant number of co-working spaces in Southern California, and in particular, the Los Angeles area--said it submitted its initial Form S-1 in December of 2018. The company has not released any other details of the IPO. (More... <http://www.socaltech.com/fullstory/0077985.html>) *Fandango Racks Up $127M In Avengers Tickets Sales Through Opening Weekend* <http://www.socaltech.com/fullstory/0077982.html> Los Angeles-based Fandango, which offers up online and mobile movie information and ticketing, said it has sold more than $127M in cumulative sales for Avengers: Endgame. According to Fandango, those sales numbers represent the biggest cumulative box office haul through opening weekend in the company's history. Fandango started pre-sales of tickets on April 2nd, and the $127M number represents sales through Sunday evening. (More... <http://www.socaltech.com/fullstory/0077982.html>) *Early Stage Commercial Insurance - Pacific Unified Insurance Agency <+johnhuttin...@pacificunified.com>* 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 johnhuttin...@pacificunified.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 *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 p...@collective-genius.com or by phone 424.259.3036. Collective Genius - Planning and Recruiting for Emerging Growth Companies and Venture Capital Firms. www.collective-genius.com. *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 bwe...@square1bank.com. *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 ------------------------------ *Recent Funding <#m_-8214131940467962635_funding>* 4/25/19 Happy Returns <http://www.socaltech.com/intelligence/?action=showdeal&id=96847> Santa Monica $11.00 M 4/22/19 Poseida Therapeutics, Inc. <http://www.socaltech.com/intelligence/?action=showdeal&id=96795> La Jolla $142.00 M 4/17/19 Sistine Solar <http://www.socaltech.com/intelligence/?action=showdeal&id=96702> 28 Dane Street $0.00 M 4/17/19 Slingshot Aerospace <http://www.socaltech.com/intelligence/?action=showdeal&id=96701> El Segundo $5.00 M 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 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html April 30, Los Angeles -- *Diversity Innovation Forum* Diversity Innovation Forum. Join us for a discussion on how diversity of ideas, talent, and perspectives fuels innovation. We will explore the key areas where diversity and inclusion are crucial for a vibrant innovation ecosystem. See http://www.socaltech.com/calendar/eventid/26442 April 30, Marina del Rey -- *Recurring Revenue Conference* Recurring Revenue Conference - April 30 to May 1st - Marina Del Rey. 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. Register today! Use Promo Code: SoCalTECH to get 20% discount.. See http://www.socaltech.com/calendar/eventid/26451 May 1, Marina del Rey -- *Recurring Revenue Conference* Recurring Revenue Conference - April 30 to May 1st - Marina Del Rey. 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. Register today! Use Promo Code: SoCalTECH to get 20% discount.. See http://www.socaltech.com/calendar/eventid/26452 May 8, Santa Monica -- *Customer Discovery & Product Market Fit with Eric P. Rose, NPDP, MBA* Customer Discovery & Product Market Fit with Eric P. Rose, NPDP, MBA. Precellerator. This talk will cover the preliminary market research work of Customer Discovery, that is to discover who would most value your proposed new product. It will also cover the tough decisions to then tailor your product in a way that the market values the most and yields the best return on its development investment. See http://www.socaltech.com/calendar/eventid/26444 May 9, Valencia -- *CalArts Expo 2019* CalArts Expo 2019. Reflecting California Institute of the Arts’ experimental ethos, the Institute’s CalArts Expo rolls out its latest projects integrating cutting-edge engineering and computer science with visual and performing arts. Highlighting new student and faculty projects made over this last academic year, the Expo’s exhibitions and performances run from early afternoon to late evening in the ROD Music Hall, MOD Theater, Main Gallery, Wild Beast, Machine Lab, and Lund Dance Theater. The Expo reflects the latest practices in technologically sophisticated arts, involving viewers in interactive experiences, bringing artists’ perspectives to computer games, forecasting future directions of digital performance, animation, and projection mapping, and exploring the latest in software and hardware as a means of commenting on our increasingly connected world. See http://www.socaltech.com/calendar/eventid/26453 May 11, Pasadena -- *Caltech Entrepreneurs Forum - Robotics* Caltech Entrepreneurs Forum - Robotics. The past few years have seen significant improvements in ease of adoption of robots with the introduction of collaborative robots, low-cost easy-to-use drones, and level 3 autonomous vehicles. In parallel, low-cost 3D machine vision systems and widely available deep learning AI toolsets have been adopted in the enterprise. The next wave of robotics will be driven by the integration of these 3 technologies to reduce the cost and time-to-market of robotic systems by an order of magnitude or more. This in turn is changing the business model enabling solutions like robots-as-a-service or build-to-order robots. See http://www.socaltech.com/calendar/eventid/26448 May 14, Newport Beach -- *TIF/ Corporate VC Program* TIF/ Corporate VC Program. Something Ventured, Something Gained: Insight On The Evolution of CVC and It’s Impact on Venture. See http://www.socaltech.com/calendar/eventid/26436 May 21, Anaheim -- *AEC Next Technology Expo + Conference* AEC Next Technology Expo + Conference. AEC Next Technology Expo + Conference is North America’s leading vendor-neutral trade show and conference focusing on the implementation and integration of built world technology. Vendors offer hardware, software and services, emerging technology, and building/construction products complementing a comprehensive education program. It is co-located with SPAR 3D Expo and Conference and organized by Diversified Communications, a global event producer that also organizes Commercial UAV Expo Europe/Americas, GeoBusiness Show, International LiDAR Mapping Forum. See http://www.socaltech.com/calendar/eventid/26385 May 21, Anaheim -- *SPAR 3D Conference & Expo* SPAR 3D Conference & Expo. SPAR 3D Expo & Conference, presented by SPAR 3D.com and co-located with AEC Next, is the premier international event for the commercial application of 3D technologies focused on 3D sensing, 3D processing, and 3D visualization tools. From sensing with drones, mobile rigs, and hand-held devices to using augmented reality, virtual reality, and mixed reality visualization tools, everything 3D is here at the only vendor-neutral, industry-agnostic event in the market. See http://www.socaltech.com/calendar/eventid/26386 ------------------------------ *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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