*socaltech.com <http://socaltech.com> TechNews - Monday, August 26, 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. KPMG (http://home.kpmg/us/en/home/about/offices/los-angeles-1.html) Level up with KPMG ------------------------------ *Headlines * - CrowdStrike Launches $20M, Early Stage Investment Fund <http://#0078734> - Amgen Acquires Otezla for $13.4 Billion <http://#0078733> - Skyworks Names New Board Member <http://#0078735> - Confirm BioSciences Names CEO, COO <http://#0078736> - Riot Games Settles Class Action Over Sexist Culture Allegations <http://#0078731> - Cache Creek Industries Buys Brandywine Communications <http://#0078730> - Lynda.com Move To LinkedIn Learning Spurs Complaints Over Privacy Issues <http://#0078729> *Marketplace* - Facilitated Off-Site Planning for Growth Companies and Venture Firms <http://#ad753> - IP Protection for Technology and Business - SoCal IP Law Group LLP <http://#ad750> - Pacific Western Bank, Venture Banking Group – Brian Weber <http://#ad749> - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <http://#ad752> - BDO - Southern California Technology Industry Team <http://#ad737> - Stubbs Alderton & Markiles Preccelerator <http://#ad694> - Early Stage Commercial Insurance - Pacific Unified Insurance Agency <http://#ad596> - Stradling <http://#ad608> *Monday, August 26, 2019* *Apply now for Verizon's Built on 5G Challenge <https://verizon5glabs.com/BuiltOn5G/>* The Built on 5G Challenge is a nationwide search for the best products, services, and applications that will bring the true power of 5G to life. For more information on prizes, eligibility, and submission requirements, click here. The winners will be awarded up to $1 million, access to our 5G Labs, and an opportunity for Verizon to invest in their companies in a future fundraising round. Challenge guidelines Every submission should demonstrate your company’s commitment to social responsibility and sustainable business practices. Eligibility In order to be eligible, teams must be part of a U.S. company that has 200 or fewer employees and meet the eligibility requirements in the Official Rules. For full contest details on eligibility, requirements and prizes, go to: https://verizon5glabs.com/BuiltOn5G/ *CrowdStrike Launches $20M, Early Stage Investment Fund* <http://www.socaltech.com/fullstory/0078734.html> CrowdStrike, the cloud-based cybersecurity software developer which has substantial operations in Orange County, said today that it has launched a new, early stage investment fund called the Falcon Fund. CrowdStrike said the new, $20M fund was created in partnership with venture capital firm Accel, and will invest in security startups which are building applications on its CrowdStrike Falcon platform. The new fund will make seed and Series A investments, according to the company. (More... <http://www.socaltech.com/fullstory/0078734.html>) *Amgen Acquires Otezla for $13.4 Billion* <http://www.socaltech.com/fullstory/0078733.html> Thousand Oaks-based Amgen announced this morning that it is acquiring Otezla, the anti-inflammatory drug used to treat psoriasis and psoriatic arthritis, which is currently owned by Celgene Corporation, in a deal worth $13.4 billion in cash. According to Amgen, the deal will help strengthen its inflammation portfolio, and will be worth approximately $11.2 billion net of anticipated future cash tax benefits. (More... <http://www.socaltech.com/fullstory/0078733.html>) *Skyworks Names New Board Member* <http://www.socaltech.com/fullstory/0078735.html> Irvine-based Skyworks Solutions, the developer of analog semiconductors, said this morning that it has named Alan S. Batey to its board of directors. Batey was previously Executive Vice President and President of North America for General Motors, and also was Global Brand Chief for Chevrolet, which is a division of GM. Skyworks said that Batey has more than 39 years of experience at GM. (More... <http://www.socaltech.com/fullstory/0078735.html>) *Confirm BioSciences Names CEO, COO* <http://www.socaltech.com/fullstory/0078736.html> San Diego-based Confirm BioSciences announced this morning that it has named both a new CEO and COO. According to the biotech company, it has named Albert Berger as Chief Executive Officer, and Nikhil Nayak as its Chief Operating Officer, as former CEO and founder Zeynep Ilgaz shifts to become Chairwoman and Chief Advisor. (More... <http://www.socaltech.com/fullstory/0078736.html>) *Riot Games Settles Class Action Over Sexist Culture Allegations* <http://www.socaltech.com/fullstory/0078731.html> Los Angeles-based Riot Games said on Thursday that it has settled a class action lawsuit, which had alleged that the company had a sexist corporate culture. (More... <http://www.socaltech.com/fullstory/0078731.html>) *Cache Creek Industries Buys Brandywine Communications* <http://www.socaltech.com/fullstory/0078730.html> Los Angeles-based private equity investor Cache Creek Industries has acquired Brandywine Communications, a manufacturer of precision time and frequency keeping devices used in the military and infrastructure market. Financial terms of the acquisition were not announced. Cache Creek Industries said it acquired Brandywine Communications in conjunction with partner Rockmont Capital Partners. (More... <http://www.socaltech.com/fullstory/0078730.html>) *Lynda.com Move To LinkedIn Learning Spurs Complaints Over Privacy Issues* <http://www.socaltech.com/fullstory/0078729.html> In what looks to be a rough transition for users of Lynda.com, library users of Lynda.com's wide range of educational topics and courses are finding they are running into major privacy issues through LinkedIn's new, forced move of users from Lynda.com to LinkedIn Learning. Accoding to ZDNet, LinkedIn is forcing public library patrons to create a LinkedIn profile in order to access content on the LinkedIn Learning/Lynda.com service, which raises major privacy issues for library patrons. (More... <http://www.socaltech.com/fullstory/0078729.html>) *Facilitated Off-Site Planning for Growth Companies and Venture Firms <http://www.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 - collective-genius.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] *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 *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/ *Early Stage Commercial Insurance - Pacific Unified Insurance Agency < [email protected]>* 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 [email protected] *Stradling <http://www.sycr.com>* Stradling, Attorneys At Law ( 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 <https://www.socaltech.com/database/html.php?num=7#funding>* 8/14/19 Systum <http://www.socaltech.com/intelligence/?action=showdeal&id=98062> Plano $10.70 M 8/13/19 Singularity 6 <http://www.socaltech.com/intelligence/?action=showdeal&id=98060> Los Angeles $16.50 M 8/08/19 Tripalink, Corp. <http://www.socaltech.com/intelligence/?action=showdeal&id=97935> Los Angeles $10.00 M 6/24/19 AFYX Therapeutics <http://www.socaltech.com/intelligence/?action=showdeal&id=97538> San Diego $13.00 M 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html August 27, Santa Monica -- *Preccelerator Workshop: Strategic Partnerships with Jonathan Tavss* Preccelerator Workshop: Strategic Partnerships with Jonathan Tavss. Strategic partnerships are integral to businesses both big and small. Unfortunately, most partnerships are not created equal and outcomes can be deeply affected when not giving deliberate consideration to who should be teamed up with and why. Consider how the venture should regard partnerships – what they should be looking for in a partnership – and what those partners are actually looking for in return. Put a simpler way: everything is a partnership. What are investors, collaborators, employees, vendors, and conferences looking for from you? With this understanding, better sourcing, agreements, communication, and outcomes can be had. See http://www.socaltech.com/calendar/eventid/26508 ------------------------------ *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. KPMG (http://home.kpmg/us/en/home/about/offices/los-angeles-1.html) Level up with KPMG 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. 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