*socaltech.com <http://socaltech.com> TechNews - Friday, May 3, 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 * - Tinder Rolls Out Festival Mode Feature <#m_-8062314604053880587_0078022> - Clearlake Capital Buys Operations Management Software Developer <#m_-8062314604053880587_0078020> - Alorica Opens Office In India <#m_-8062314604053880587_0078018> - Nimble Adds Sync Features for Microsoft Dynamics 365 <#m_-8062314604053880587_0078019> - Jobot Expands In Irvine <#m_-8062314604053880587_0078017> - Amgen In Precision Medicine Deal With Syapse <#m_-8062314604053880587_0078021> - LA's Beyond Meat Sees Huge Pop In IPO Debut <#m_-8062314604053880587_0078016> - BlackLine Expands Customer Base <#m_-8062314604053880587_0078015> - PhoenixET Finds Funding For Smart Building Management Software <#m_-8062314604053880587_0078014> - SpaceX Confirms Crew Dragon Destroyed In Testing Mishap <#m_-8062314604053880587_0078010> - Beyond Meat Soars In IPO Debut, Now Worth Over $3.3 Billion <#m_-8062314604053880587_0078009> - AdColony Rolls Out $5M In Incentives For App Monetization <#m_-8062314604053880587_0078008> - Hulu Ups Subscribers To 26.8M Paid Users, Bingeing Drives Ad Dollars <#m_-8062314604053880587_0078007> *Marketplace* - BDO - Southern California Technology Industry Team <#m_-8062314604053880587_ad737> - Become a Socaltech Supporter! <#m_-8062314604053880587_ad724> - Stubbs Alderton & Markiles Preccelerator <#m_-8062314604053880587_ad694> - SoCal IP Law Group LLP - Serving the IP Needs of Technology Innovators <#m_-8062314604053880587_ad611> *Friday, May 3, 2019* *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. *Tinder Rolls Out Festival Mode Feature* <http://www.socaltech.com/fullstory/0078022.html> Los Angeles-based dating app developer Tinder is making it easier to hook up with a "special friend" at music festivals this summer, saying it has launched a new in-app feature called Festival Mode. According to Tinder, the new feature will let its users "connect" with other music fans ahead of music festivals, including AEG's Hangout Fest, All Points East, Firefly and British Summer Time, among others. (More... <http://www.socaltech.com/fullstory/0078022.html>) *Clearlake Capital Buys Operations Management Software Developer* <http://www.socaltech.com/fullstory/0078020.html> Santa Monica-based private equity investor Clearlake Capital has acquired a Cary, North Carolina-based developer of operations management software, Dude Solutions. According to Clearlake Capital, it acquired Dude Solutions from its prior, private equity investor, Warburg Pincus. Financial details of the transaction were not announced. (More... <http://www.socaltech.com/fullstory/0078020.html>) *Alorica Opens Office In India* <http://www.socaltech.com/fullstory/0078018.html> Irvine-based business process outsourcer Alorica said late Thursday evening that it has opened up an office in India, and esablished a new "innovation lab" in the country. According to Alorica, the new innovation lab will be based in Bengaluru, which it will call its "Digital Center of Excellence". Alorica said it will use the new facility to be able to utilize India's talent pool. (More... <http://www.socaltech.com/fullstory/0078018.html>) *Nimble Adds Sync Features for Microsoft Dynamics 365* <http://www.socaltech.com/fullstory/0078019.html> Santa Monica-based customer relationship management software developer Nimble is further enhancing its integration with the suite of products from Microsoft, saying on Thursday that it has added automated data synchronization and "data enrichment" for Microsoft Dynamics 365 Business Central, as well as Office 365. (More... <http://www.socaltech.com/fullstory/0078019.html>) *Jobot Expands In Irvine* <http://www.socaltech.com/fullstory/0078017.html> Irvine-based Jobot, a recruiting startup which says it combines artificial intelligence with human recruiters, says it is expanding in Irvine, and has moved into a new headquarters at The Boardwalk. The startup, led by Heidi Golledge, says it already has 30 employees, and has moved into a space for more than 100 reruiters. Gollege previously was CEO of CyberCoders, and also is CEO and "Chief Happiness Officer" of CareerBliss. (More... <http://www.socaltech.com/fullstory/0078017.html>) *Amgen In Precision Medicine Deal With Syapse* <http://www.socaltech.com/fullstory/0078021.html> Thousand Oaks-based biotechnology giant Amgen has entered into a new collaboration effort, with precision medicine developer Syapse. According to the two companies, they will develop observational research analytics to assess treatment outcomes for areas of unmet need in oncology. (More... <http://www.socaltech.com/fullstory/0078021.html>) *LA's Beyond Meat Sees Huge Pop In IPO Debut* <http://www.socaltech.com/fullstory/0078016.html> Beyond Meat, the developer of plant-based, meat alternatives--including a popular, ground burger-like product--saw a huge pop on its IPO debut on Thursday, closing up 163 percent, at $65.75 per share in its first day of trading. The company's stock is continuing to rise in after-hours trading after it debuted on the Nasdaq Global Select Market as BYND. The company--which priced at $25. (More... <http://www.socaltech.com/fullstory/0078016.html>) *BlackLine Expands Customer Base* <http://www.socaltech.com/fullstory/0078015.html> Los Angeles-based financial software developer BlackLine said on Thursday that it has expanded its customer base, adding such notable customers as Volvo, Waymo, AstraZeneca, the operator of Applebee's, and many others to its list of 2,700 companies who are using its products. (More... <http://www.socaltech.com/fullstory/0078015.html>) *PhoenixET Finds Funding For Smart Building Management Software* <http://www.socaltech.com/fullstory/0078014.html> Aliso Viejo-based PhoenixET, a developer of Internet-of-Things (IoT) products for the smart building market, has raised a round of funding in what it says is a growth capital funding. The funding was led by Spring Lake Equity Partners and Energy Innovation Capital (EIC), and also included existing shareholder Duke Energy. The size of the investment round was not announced by the company. (More... <http://www.socaltech.com/fullstory/0078014.html>) *SpaceX Confirms Crew Dragon Destroyed In Testing Mishap* <http://www.socaltech.com/fullstory/0078010.html> Hawthorne-based SpaceX confirmed on Thursday that its Crew Dragon capsule, designed to carry astronauts into space, was destroyed in the accident last month during testing. Videos of the destruction of the capsule were leaked, apparently by either a NASA employee or a NASA contractor last week. SpaceX said the accident occurred during an activation of the capsule's escape system thrusters, which are designed to bring the Crew Dragon back to earth in the case of an accident. (More... <http://www.socaltech.com/fullstory/0078010.html>) *Beyond Meat Soars In IPO Debut, Now Worth Over $3.3 Billion* <http://www.socaltech.com/fullstory/0078009.html> Los Angeles-based Beyond Meat, the developer of plant-based, meat alternatives, has soared in its IPO debut, trading as high as $58.90, or 135.6 percent over its IPO price of $25.00 per share. The company's first trades on Thursday morning were at $46.00 per share. The company is now valued at over $3.383 billion. Beyond Meat priced well above its initial $19.00 to $21.00 IPO pricing range. Beyond Meat's IPO was underwritten by Goldman Sachs & Co. LLC, J.P. (More... <http://www.socaltech.com/fullstory/0078009.html>) *AdColony Rolls Out $5M In Incentives For App Monetization* <http://www.socaltech.com/fullstory/0078008.html> Los Angeles-based AdColony has launched a new, $5M fund to encourage mobile app publishers to adopt its in-app monetization tools, the company said on Thursday. According to the firm, its new Advanced Monetization Program (AMP) will provide incentives to encourage the company to adopt its in-app monetization technology. (More... <http://www.socaltech.com/fullstory/0078008.html>) *Hulu Ups Subscribers To 26.8M Paid Users, Bingeing Drives Ad Dollars* <http://www.socaltech.com/fullstory/0078007.html> Los Angeles-based streaming television service Hulu says it has upped its total number of customers to 28 million in total, with 26.8 million of those being paid subscribers. The company shared the subscriber numbers as part of a presentation at its annual "Hulu Upfront" event in New York City. According to Hulu, it is also seeing increasing average time per subscriber, with an increase of more than 20% in 2018. (More... <http://www.socaltech.com/fullstory/0078007.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 *Become a Socaltech Supporter!* Interested in letting Southern California's high tech community know you are here for them? Want to reach Southern California's movers and shakers? Become a SPONSOR or SOCALTECH SUPPORTER! Our sponsors and supporters are featured on our website, and online service provider directory, as well as in our newsletter multiple times per week. It's a great way to both get the word out about your services, as well as support our news coverage of local companies across the tech industry! Contact [email protected] for details. *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. [email protected] 805-230-1350 www.socalip.com ------------------------------ *Recent Funding <#m_-8062314604053880587_funding>* 5/01/19 VideoAmp <http://www.socaltech.com/intelligence/?action=showdeal&id=96885> Santa Monica $70.00 M 4/30/19 Trovata.io <http://www.socaltech.com/intelligence/?action=showdeal&id=96886> San Diego $5.50 M 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html May 3, Los Angeles -- *SoCalBio Innovation Catalyst Program (May 3rd, 2019)* SoCalBio Innovation Catalyst Program. During this meeting, emerging companies will make presentations to the SoCalBio Company Screening and Mentoring Committee. This meeting is one of numerous company screening sessions organized by the Southern California Biomedical Council (SoCalBio) in preparation for the 21st Annual SoCalBio Conference to be held on September. See http://www.socaltech.com/calendar/eventid/26455 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 8, Thousand Oaks -- *CLU New Venture Fair* CLU New Venture Fair. The New Venture Fair (NVF) is a valuable part of Cal Lutheran's entrepreneur education experience, in which student teams share their innovative startup projects in a competitive environment. The NVF is a dynamic and exciting evening where the community gets its first look at Cal Lutheran's exceptional student entrepreneurs. The NVF will highlight the startup ideas of many student teams in a trade show-style event, complete with product demonstrations, elevator pitches, and marketing brochures. The students participating in the Fair have been working on their ideas for several months. They represent the brightest, most motivated, aspiring entrepreneurs on campus. See http://www.socaltech.com/calendar/eventid/26461 May 9, Los Angeles -- *The Original Mixer* The Original Mixer. The Original Mixer is one of the premier networking events in Southern California, attracting hundreds of professionals from as far as San Diego, Las Vegas, & San Francisco. This event has been produced for more than a decade resulting in tens of closed deals and thousands of new connections. See http://www.socaltech.com/calendar/eventid/26454 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 14, Los Angeles -- *University Venturing Summit 2019* University Venturing Summit 2019. The best and brightest ventures from top Southern California universities will demo their ventures to angel investors and other resources in the new venturing community. See http://www.socaltech.com/calendar/eventid/26462 May 20, San Diego -- *San Diego Investor Forum / May 2019* Keiretsu Forum. San Diego Forum. Angel investor event. See http://www.socaltech.com/calendar/eventid/26457 May 20, San Diego -- *Keiretsu Westlake Village Investor Forum / May 2019* Keiretsu Forum. Westlake Village Forum. Angel investor event. See http://www.socaltech.com/calendar/eventid/26458 May 20, San Diego -- *Keiretsu Forum Los Angeles* Keiretsu Forum. Los Angeles Forum. Angel investor event. See http://www.socaltech.com/calendar/eventid/26459 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 May 23, Irvine -- *Keiretsu Forum Orange County* Keiretsu Forum. Orange County Forum. Angel investor event. See http://www.socaltech.com/calendar/eventid/26460 ------------------------------ *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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