*socaltech.com <http://socaltech.com> TechNews - Thursday, June 20, 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 * - Video Interview: Eli Eisenberg, Straight Line Management <#m_-4491215238985211085_0078345> - Willdan Buys OnSite Energy <#m_-4491215238985211085_0078343> - SpinLaunch, Backed By Google And Kleiner Perkins, Gets DOD Contract <#m_-4491215238985211085_0078342> - Semtech Deploys At Istanbul Airport <#m_-4491215238985211085_0078344> - TenOneTen Ventures Backs Probably Genetic <#m_-4491215238985211085_0078341> - Swappa Targets OC With Local Marketplace <#m_-4491215238985211085_0078340> - Greycroft Backs Enboarder In $8M Funding <#m_-4491215238985211085_0078338> - Happy Returns Names Chief Revenue Officer <#m_-4491215238985211085_0078335> - Allied Esports Gets Backing From TV Azteca <#m_-4491215238985211085_0078334> *Marketplace* - Preccelerator Class 11 Demo Day - June 25 <#m_-4491215238985211085_ad751> - Pacific Western Bank, Venture Banking Group – Brian Weber <#m_-4491215238985211085_ad749> - BDO - Southern California Technology Industry Team <#m_-4491215238985211085_ad737> - Stradling <#m_-4491215238985211085_ad608> *Thursday, June 20, 2019* *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 *Video Interview: Eli Eisenberg, Straight Line Management* <http://www.socaltech.com/fullstory/0078345.html> Our video interview today is with a long time advisor to startups in the Los Angeles area, Eli Eisenberg, founder of Straight Line Management. Eli sat down with us to share some of the knowledge he's gained over many years in the industry helping and mentoring startups. (More... <http://www.socaltech.com/fullstory/0078345.html>) *Willdan Buys OnSite Energy* <http://www.socaltech.com/fullstory/0078343.html> Anaheim-based technical and consulting services provider Willdan says it is buying Carlsbad-based Onsite Energy Corporation, a provider of energy efficiency services and project implementation for the industrial market. Terms of the acquisition were not announced. According to Willdan Group, it will acquire "substantially all" of the assets of Onsite Energy, which generated approximately $20M in revenues over the last year. (More... <http://www.socaltech.com/fullstory/0078343.html>) *SpinLaunch, Backed By Google And Kleiner Perkins, Gets DOD Contract* <http://www.socaltech.com/fullstory/0078342.html> Long Beach-based SpinLaunch, a space launch services provider which recently relocated from Silicon Valley to Long Beach, reported on Wednesday that it has been awarded a launch prototype contract from the Department of Defense (DOD). The startup--which is backed by $40M in funding from Airbus Ventures, Google Ventures and Kleiner Perkins--said the contract came from the DOD's Defense Innovation Unit (DIU). Size of that new contract was not announced. (More... <http://www.socaltech.com/fullstory/0078342.html>) *Semtech Deploys At Istanbul Airport* <http://www.socaltech.com/fullstory/0078344.html> Camarillo-based semiconductor developer Semtech Corporation, the developer of the LoRa wireless, radio frequency technology, has deployed its technology at the Istanbul Airport, in a win with Turkish Internet-of-Things developer Skysens Teknoloji AS. Semtech did not say how much the deal was worth, but says its devices and technology is being used for smart asset tracking for thousands of assets at Istanbul Airport. ( More... <http://www.socaltech.com/fullstory/0078344.html>) *TenOneTen Ventures Backs Probably Genetic* <http://www.socaltech.com/fullstory/0078341.html> Los Angeles-based venture investor TenOneTen Ventures is one of the investors in a newly launched startup, which is looking to use artificial intelligence and DNA testing to identify autism and other medical conditions. According to Probably Genetic, it has raised a round of venture capital funding from Khosla Ventures, TenOneTen Ventures, the Oxford Angel FUnd, as well as angels. The startup recently graduated from Y Combinator, and is based in the Bay Area. (More... <http://www.socaltech.com/fullstory/0078341.html>) *Swappa Targets OC With Local Marketplace* <http://www.socaltech.com/fullstory/0078340.html> Swappa, the operator of a local marketplace for buying and selling used consumer electronics, said this week that it has launched itself into Orange County, in a part of a national expansion. Swappa said that Orange County is one of five initial launch markets it is expanding into to improve the experience of buying and selling used electronic devices. ( More... <http://www.socaltech.com/fullstory/0078340.html>) *Greycroft Backs Enboarder In $8M Funding* <http://www.socaltech.com/fullstory/0078338.html> Los Angeles-based venture investor Greycroft Ventures is the lead investor in the Series A funding for Enboarder, a startup in the human resources and employee onboarding market, the company said Wednesday morning. According to Enboarder, it raised $8M in its Series A financing round, which was led by Greycroft, and also included Next Coast Ventures and Stage 2 Capital. According to Enboarder, it has now raised a total of $12M. (More... <http://www.socaltech.com/fullstory/0078338.html>) *Happy Returns Names Chief Revenue Officer* <http://www.socaltech.com/fullstory/0078335.html> Santa Monica-based return and logistics startup Happy Returns announced on Wednesday morning that it has named a new Chief Revenue Officer. The company--which offers up handling of returns and return logistics for retailers, including both in-store and behind-the-scenes services--said that it has named Glenn McMahon as its Chief Revenue Officer, heading up its sales, account management, and business development teams. McMahon previously served as CEO of St. (More... <http://www.socaltech.com/fullstory/0078335.html>) *Allied Esports Gets Backing From TV Azteca* <http://www.socaltech.com/fullstory/0078334.html> Irvine-based Allied Esports, an e-sports league operator, has scored backing from Mexican sports television network TV Azteca, the companies said Wednesday morning. According to the companies, TV Azteca, which is part of Grupo Salinas, will purchase $5M of shares of Allied Esports via an equity investment in Black Ridge Acquisition Corp. (More... <http://www.socaltech.com/fullstory/0078334.html>) *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 *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] *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 *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_-4491215238985211085_funding>* 6/18/19 Elevate Services <http://www.socaltech.com/intelligence/?action=showdeal&id=97508> Los Angeles $25.00 M 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 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 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* LAVA First Time Entrepreneur Workshop. LAVA is extremely pleased to announce its next First Time Entrepreneur training program. The program is open to entrepreneurs that are starting companies in areas that are likely to draw venture capital investment. The program is not open to service providers. You are encouraged to apply today for one of the 25 slots open in our workshop. LAVA members will receive first preference, but membership is not necessary to be accepted. During our five hour program, you will learn how to: Determine the value of your company; Put together a capitalization table; Understand how VCs screen potential investments; Understand the differences between trademarks, copyrights and patents and when you need them; Choose co-founders; Network at startup events -- the right way. 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. 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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