*socaltech.com <http://socaltech.com> TechNews - Tuesday, June 18, 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 * - ERP Power Buys Lumenetix <#m_-7226031473645675723_0078321> - Illumina Wins Patent Infringement Suit <#m_-7226031473645675723_0078322> - Report: Google, Amazon, Netflix Transforming Los Angeles Real Estate <#m_-7226031473645675723_0078324> - California Boots Up $1 Billion Financing Program For Multifamily Solar Installs <#m_-7226031473645675723_0078323> - HipDot Studios Finds $2.25M For Influencer Beauty Brands <#m_-7226031473645675723_0078319> - AECOM To Spin Off Government Services Business <#m_-7226031473645675723_0078313> *Marketplace* - Facilitated Off-Site Planning for Growth Companies and Venture Firms <#m_-7226031473645675723_ad741> - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#m_-7226031473645675723_ad752> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#m_-7226031473645675723_ad750> - Pacific Western Bank, Venture Banking Group – Brian Weber <#m_-7226031473645675723_ad749> - Stradling <#m_-7226031473645675723_ad608> *Tuesday, June 18, 2019* *Preccelerator Class 11 Demo Day - June 25 <https://www.eventbrite.com/e/preccelerator-class-11-demo-day-tickets-59022004404>* Preccelerator Class 11 Demo Day. Clear your calendar - It's going down! The Preccelerator ® Program Class 11 Demo Day kicks off on June 25th @ 6:00 pm, and you're invited to take part in the festivities. What a wild ride it has been! Preccelerator cohort companies are early stage, and we work hand in hand with them throughout their 6-month term to know their market and users, foster their leadership skills, build and test their product, avoid legal pitfalls, ensure the defensibility of their products, acquire users and partnerships and prepare them for the fundraising process. Now it's time to showcase their efforts! Pitches will be followed by a special Startup Superhero Series speaker - who will be sharing the highs and lows and lessons learned on their startup journey! Register today! https://www.eventbrite.com/e/preccelerator-class-11-demo-day-tickets-59022004404 *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 *ERP Power Buys Lumenetix* <http://www.socaltech.com/fullstory/0078321.html> Moorpark-based ERP Power, a manufacturer of power electronics for the LED lighting market, has acquired Lumenetix, a manufacturer of tunable color light engines for the lighting market. Financial details of the acquisition were not announced. ERP Power--which is owned by private equity investor Angeles Equity Partners--said the move will help simplify integration by original equipment manufacturers, providing integrated driver, light engine, and digital controls. (More... <http://www.socaltech.com/fullstory/0078321.html>) *Illumina Wins Patent Infringement Suit* <http://www.socaltech.com/fullstory/0078322.html> San Diego-based life sciences equipment maker Illumina has won a patent infringement lawsuit it filed against Ariosa Diagnostics, according to the company, in a win in the United Kingdom. According to Illumina, it received a judgement in its favor in the patent infringement suit, from the High Court of Justice, Chancery Division, Patents Court in the United Kingdom. ( More... <http://www.socaltech.com/fullstory/0078322.html>) *Report: Google, Amazon, Netflix Transforming Los Angeles Real Estate* <http://www.socaltech.com/fullstory/0078324.html> The surge of activity by such technology giants as Google, Amazon, and Netflix is completely reshaping the Los Angeles real estate market, according to a report from the Los Angeles Times, as those tech giants are jostling to acquire real estate in LA. (More... <http://www.socaltech.com/fullstory/0078324.html>) *California Boots Up $1 Billion Financing Program For Multifamily Solar Installs* <http://www.socaltech.com/fullstory/0078323.html> The Solar on Multifamily Affordable Housing (SOMAH) program, which is run out of San Diego, said it has launched a new, $1 billion program to bolster clean energy access for low-income, residential tenants. According to the SOMAH program, it has begun accepting applications for the new program, which gives property owners financial incentives for installing solar photovoltaic energy systems on housing serving low-income and disadvantaged communities throughout the state. (More... <http://www.socaltech.com/fullstory/0078323.html>) *HipDot Studios Finds $2.25M For Influencer Beauty Brands* <http://www.socaltech.com/fullstory/0078319.html> Los Angeles-based HipDot Studios, a new startup which is enabling influencers to create their own beauty brands, has raised $2.5M in a funding round and launched its platform, according to the company. The startup--founded by Jeff Sellinger, Sam Lim and Mo Winter--said the $2.5M in funding came from Founders Fund, Foundation Capital, and Ludlow Ventures. (More... <http://www.socaltech.com/fullstory/0078319.html>) *AECOM To Spin Off Government Services Business* <http://www.socaltech.com/fullstory/0078313.html> Los Angeles-based consulting giant AECOM said this morning that it plans to spin off its government services business, in a deal that it expects will be complete in the second half of fiscal 2020. (More... <http://www.socaltech.com/fullstory/0078313.html>) *Facilitated Off-Site Planning for Growth Companies and Venture Firms <https://collective-genius.com/>* Peak is a facilitated team off-site that empowers growth companies and venture firms to build a Three Year Vision, One Year Plan, and Quarterly OKRs. With the vision and plan set, we provide additional tools to keep the team aligned, accountable and on track. Peak is a collection of best practices Jeff Martin founder of Collective Genius has derived from twenty plus years of experience in founding and operating technology growth companies and venture firms. We are partnered with local and national venture firms and provide portfolio partner discounts. Schedule a Pre-Camp Meeting to Learn More: [email protected] Collective Genius - Off-Site Planning and Recruiting for Growth Companies and Venture Firms - www.collective-genius.com *Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <https://www.bestronics.com>* Are the great ideas stacking up faster than your engineering resources can handle? Your company needs a reliable resource of analog/digital and software engineers to understand your issues, define the problem statements and lay out a course of action to output hardware products ready for integration into your system. Our unique capabilities, used by many in the medical, scientific, military and aerospace industries, allow us to offer engineering services that result in deliverable, production ready subsystems so you can concentrate on targeting your customer base and not stressing about the right mix and numbers of engineering talent needed to see your vision become reality. Contact us at http://www.bestronics.com *IP Protection for Technology and Business - SoCal IP Law Group LLP <http://www.socalip.com>* Patents. Trademarks. Copyrights. Trade Secrets. IP Filings. IP Strategy. IP Litigation. IP Transactions. US and Worldwide. Offices in Westlake Village and Santa Barbara. [email protected] www.socalip.com *Pacific Western Bank, Venture Banking Group – Brian Weber <http://www.pacwest.com/lending-solutions/venture-lending>* Pacific Western Bank is a commercial bank with over $26 billion in assets and 74 full-service branches located throughout California and one branch in Durham, North Carolina. Our Venture Banking Group offers a comprehensive suite of financial services focused on entrepreneurial businesses and their venture capital and private equity investors. We also offer Community Banking and National Lending services. For more information, visit http://www.pacwest.com/lending-solutions/venture-lending, or send an email to [email protected] *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. ------------------------------ *Recent Funding <#m_-7226031473645675723_funding>* 6/14/19 Sunbit, Inc. <http://www.socaltech.com/intelligence/?action=showdeal&id=97477> Los Angeles $26.00 M 6/13/19 CreatorIQ <http://www.socaltech.com/intelligence/?action=showdeal&id=97476> Culver City $12.00 M 5/30/19 Mission <http://www.socaltech.com/intelligence/?action=showdeal&id=97268> El Segundo $15.00 M 5/22/19 Locana <http://www.socaltech.com/intelligence/?action=showdeal&id=97225> San Diego $55.00 M 5/15/19 Halla <http://www.socaltech.com/intelligence/?action=showdeal&id=97031> Los Angeles $1.40 M 5/08/19 Neural Analytics, Inc. <http://www.socaltech.com/intelligence/?action=showdeal&id=96997> Los Angeles $22.00 M 5/07/19 INDOSE INC. <http://www.socaltech.com/intelligence/?action=showdeal&id=96994> Woodland Hills $3.50 M 5/07/19 Liquid Death <http://www.socaltech.com/intelligence/?action=showdeal&id=96995> Santa Monica $1.60 M 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html June 18, Santa Monica -- *Preccelerator Workshop: Financial Modeling for Startups w/ Eli Eisenberg* Financial Modeling for Startups Workshop In this workshop you will learn the following: The theory and purpose of a financial model in a pitch deck An approach to financial modeling that resonates with investors How to build the model. See http://www.socaltech.com/calendar/eventid/26483 June 19, Pasadena -- *SoCal First Look Innovation Showcase 2019* SoCal First Look Innovation Showcase 2019. The SoCal First Look Innovation Showcase supports, nurtures and stimulates our unique innovation culture in Southern California and promotes its position as a vibrant hub for start-ups and emerging technology. In addition to the presenters, venture capitalists and early stage angel investors attend the event, along with local elected officials, business leaders and senior administrators from the universities. See http://www.socaltech.com/calendar/eventid/26432 June 20, Santa Monica -- *LA CEOs: Celebrity Endorsements - Paradigm* LA CEOs: Celebrity Endorsements - Paradigm. Join your CEO & CFO peers in our informative LA CEOs breakfast presentation led by Roger Wood - Partner Paradigm Talent Agency. This sponsor supported event is restricted to qualified CEOs & CFOs only. Confirmed RSVP required. No service providers will be admitted. See http://www.socaltech.com/calendar/eventid/26482 June 22, Burbank -- *AT&T SHAPE Conference* AT&T SHAPE Conference. Showcasing a number of interactive experiences, SHAPE 2019 will offer attendees exclusive experiences with the unprecedented responsiveness and speed of 5G. From the future of travel in an IoT-enabled Airstream Classic travel trailer that’s connected to AT&T’s 5G network to experiencing gaming on the latest 5G mobile devices to enjoying immersive entertainment with volumetric video capture and cutting-edge virtual reality content from Warner Bros, AT&T is offering something for everyone looking to learn more about the capabilities of AT&T 5G network. https://shape.att.com/. See http://www.socaltech.com/calendar/eventid/26476 June 22, Encino -- *First Time Entrepreneur Workshop 6/22/19* *NEW* . See http://www.socaltech.com/calendar/eventid/26484 June 23, Burbank -- *AT&T SHAPE Conference* AT&T SHAPE Conference. Showcasing a number of interactive experiences, SHAPE 2019 will offer attendees exclusive experiences with the unprecedented responsiveness and speed of 5G. From the future of travel in an IoT-enabled Airstream Classic travel trailer that’s connected to AT&T’s 5G network to experiencing gaming on the latest 5G mobile devices to enjoying immersive entertainment with volumetric video capture and cutting-edge virtual reality content from Warner Bros, AT&T is offering something for everyone looking to learn more about the capabilities of AT&T 5G network. https://shape.att.com/. See http://www.socaltech.com/calendar/eventid/26477 June 24, Irvine -- *UC Irvine Summer Academies in the Arts* UC Irvine Summer Academies in the Arts. UC Irvine's Claire Trevor School of the Arts presents Summer Academies in the Arts - college and career preparatory intensives in Art, Dance, Drama, Music and Technology for students ages 8-22 years old. Classes run through August 16, 2019. Scholarships and financial aid are available. See http://www.socaltech.com/calendar/eventid/26440 June 25, Santa Monica -- *Preccelerator Class 11 Demo Day* Preccelerator Class 11 Demo Day. Clear your calendar - It's going down! The Preccelerator ® Program Class 11 Demo Day kicks off on June 25th @ 6:00 pm, and you're invited to take part in the festivities. What a wild ride it has been! Preccelerator cohort companies are early stage, and we work hand in hand with them throughout their 6-month term to know their market and users, foster their leadership skills, build and test their product, avoid legal pitfalls, ensure the defensibility of their products, acquire users and partnerships and prepare them for the fundraising process. Now it's time to showcase their efforts! Pitches will be followed by a special Startup Superhero Series speaker - who will be sharing the highs and lows and lessons learned on their startup journey. See http://www.socaltech.com/calendar/eventid/26474 June 30, Woodland Hills -- *Chief Financial Officer and Human Resources Professionals Awards* Chief Financial Officer and Human Resources Professionals Awards. San Fernando Valley Business Journal. The San Fernando Valley Business Journal is proud to present the 2019 CFO and HR Professionals of the Year Awards. This year we have expanded the awards program to recognize the increasingly critical work done by Human Resources departments. Both CFOs and HR professionals serve as essential members of a company’s core leadership team, and we are pleased to recognize their contributions. See http://www.socaltech.com/calendar/eventid/26424 ------------------------------ *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. 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