*socaltech.com <http://socaltech.com> TechNews - Tuesday, October 15, 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 * - Wheels Adds $50M <#0079002> - AutoGravity Launches Car Subscription Service, Turn <#0079001> - WebPurify Adds Tool To Detect Profanity In Images, Memes <#0079000> - Yardi Adds Medicaid Billing Support <#0078999> - Immunic Expands Board <#0078998> - Founder of Faraday Future Files For Bankruptcy <#0078997> - Pelion Ventures Sets Up Shop In SoCal <#0078993> *Marketplace* - UK Government's Department for International Trade (DIT) <#ad756> - Facilitated Off-Site Planning for Growth Companies and Venture Firms <#ad753> - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Pacific Western Bank, Venture Banking Group – Brian Weber <#ad749> - BDO - Southern California Technology Industry Team <#ad737> *Tuesday, October 15, 2019* *Preccelerator Class 12 Demo Day <https://www.eventbrite.com/e/preccelerator-class-12-demo-day-tickets-71570269603>* Preccelerator Class 12 Demo Day. Clear your calendar - It's going down! The Preccelerator ® Program Class 12 Demo Day kicks off on October 23rd @ 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 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! Register today! https://www.eventbrite.com/e/preccelerator-class-12-demo-day-tickets-71570269603 *Wheels Adds $50M* <http://www.socaltech.com/fullstory/0079002.html> San Diego-based last mile transportation startup Wheels, which offers up on-demand bicycles, has raised $50M in a new round of funding, the company said today. The funding was led by DBL Partners. The startup competes against Bird, Lime, Lyft, JUMP and others in the last mile transportation and on-demand market, but differentiates itself by offering up electric powered bicycles, rather than scooters, to its users. According to the company, it has now raised $87M in total funding. (More... <http://www.socaltech.com/fullstory/0079002.html>) *AutoGravity Launches Car Subscription Service, Turn* <http://www.socaltech.com/fullstory/0079001.html> Irvine-based AutoGravity, which offers up purchasing and financing tools for auto dealers and consumers, has launched its very own, subscription-based, "flexible car usage" service it is calling Turn, the company said today. According to AutoGravity, Turn provides feature-rich, off-lease, used vehicles through an established partnership with Mercedes-Benz and Volkswagen. (More... <http://www.socaltech.com/fullstory/0079001.html>) *WebPurify Adds Tool To Detect Profanity In Images, Memes* <http://www.socaltech.com/fullstory/0079000.html> Irvine-based content moderation software developer WebPurify says it has enhanced its tools with a new tool, which allows its users to automatically detect text in memes and other images in blogs, forums, social media apps, children's sites, in-game chats, and more. According to the company, its new Optical Character Recognition (OCR) Profanity Filter Service is aimed at combating offensive user generated content in real time, through automated, real-time filtering. (More... <http://www.socaltech.com/fullstory/0079000.html>) *Yardi Adds Medicaid Billing Support* <http://www.socaltech.com/fullstory/0078999.html> Santa Barbara-based property management software developer Yardi is expanding its Yardi Senior Living Suite software, to add a new tool for managing Medicaid billing for senior living providers, the company announced this morning. According to Yardi, its new Yardi Claims Manager help senior living providers with navigating the complexities of Medicaid reimbursement. Pricing on the new software was not announced. (More... <http://www.socaltech.com/fullstory/0078999.html>) *Immunic Expands Board* <http://www.socaltech.com/fullstory/0078998.html> San Diego-based Immunic, a biopharmaceuticals company focused on developing oral therapies for the treatment of chronic inflammatory and autoimmune diseases, has expanded its board, adding Tamar Howson to its board of directors. Howson is currently a director of MEI Pharma, Inc. and Scientus Pharma Inc, and previously served on the board of Organovo Holdings. ( More... <http://www.socaltech.com/fullstory/0078998.html>) *Founder of Faraday Future Files For Bankruptcy* <http://www.socaltech.com/fullstory/0078997.html> The founder of Los Angeles-based electric car company Faraday Future, Yueting Jia, has filed for Chapter 11 bankruptcy--in a move which will also move Yueting Jia's equity ownership in Faraday Future into a trust for his creditors. According to Faraday Future, the move "will not affect" any of the company's normal business operations. Farady said the move will provide Yueting Jia with personal debts, and also help Faraday Future with its equity finance efforts and to "prepare for an IPO". (More... <http://www.socaltech.com/fullstory/0078997.html>) *Pelion Ventures Sets Up Shop In SoCal* <http://www.socaltech.com/fullstory/0078993.html> Pelion Venture Partners, a venture capital firm based in Salt Lake City, Utah, is expanding its efforts into Southern California, and has named Jeff Kearl as Managing Director in the region for the firm. Pelion has made investments in such companies as Domo, Redhat, Riverbed, MX Logic, and others. Kearl was most recently CEO of Stance, an online clothing retailer. Kearl sits on the boards of Domo and Scopely, among other companies. ( More... <http://www.socaltech.com/fullstory/0078993.html>) *UK Government's Department for International Trade (DIT) <https://www.events.great.gov.uk/ehome/200195057>* The UK is one of the world's fastest-growing tech hubs with more than 60,000 tech companies, 30 industry clusters, and over $14 billion in investment over the last five years. The UK Government's Department for International Trade (DIT) team provides local 1:1 support to companies expanding internationally, helping de-risk market entry with free support services. DIT can provide tailored set-up information, including market research, legal and accounting introductions, recruitment support, policy insight, and partnership-building opportunities. As the #1 destination in Europe for inward investment and tech talent, and home to more fast-growth companies than any other European country, the UK has a lot to offer to US companies. We work with all companies, from start-ups/scale-ups through to the Fortune 500. To find out more about "Why UK," and to work with DIT's LA team, contact us at: https://www.events.great.gov.uk/ehome/200195057 *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 *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] *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 ------------------------------ *Recent Funding <#funding>* 10/03/19 X1 Discovery <http://www.socaltech.com/intelligence/?action=showdeal&id=98441> Pasadena $5.10 M 10/01/19 Molecular Assemblies <http://www.socaltech.com/intelligence/?action=showdeal&id=98369> San Diego $12.20 M 9/18/19 WhiteFox Drone Defense <http://www.socaltech.com/intelligence/?action=showdeal&id=98326> San Luis Obispo $12.00 M 9/17/19 Biproxi <http://www.socaltech.com/intelligence/?action=showdeal&id=98320> San Diego $10.00 M 8/26/19 Podcorn <http://www.socaltech.com/intelligence/?action=showdeal&id=98098> Los Angeles $2.20 M 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html October 16, Los Angeles -- *LAVA Meet the VC* LAVA Meet the VC: Start-Ups Only Registration. The 11th annual conference will showcase 80 of the hottest early stage and emerging growth technology, life sciences and clean-tech innovators along with presentations from 40 Venture and Angel Investors. Wednesday, October 16, 2019 Annenberg Community Beachhouse. If you are a Startup seeking capital and/or partnerships, apply to attend at The 11th Annual LAVA Meet the VC, the premier venue connecting emerging growth companies with active Venture Capitalists, Angel Investors, Corporate VCs and Investment Firms. Presented by the Los Angeles Venture Association, The 2019 LAVA Meet the VC provides an unparalleled opportunity for startups to meet, network and showcase their innovative investment opportunities to a leading group of investors. However, this is a pitch made by the investors , not the Startups! A select group of 80 Top Innovators from the technology, life sciences and Clean-tech sectors will be chosen to “speed date” with an exclusive audience of Venture Capitalists, Private Investors, Investment Bankers, Corporate Investors, and Strategic Partners. The deadline for presenting company applications is October 6, 2019. See http://www.socaltech.com/calendar/eventid/26512 October 21, Los Angeles -- *5G – Where Are We?* 5G – Where Are We? Cisco Mobile World Congress Newsmaker Event. “5G – Where Are We?”, which will bring together industry leaders from Cisco and other major companies to talk frankly about the challenges and customer experiences in this technology, which promises to propel mobile communications in vastly transformative ways. See http://www.socaltech.com/calendar/eventid/26550 October 23, Anaheim -- *Nth Generation 19th Annual Symposium* Nth Generation 19th Annual Symposium. This year’s 19th annual technology event on October 23-24, 2019 in Anaheim, CA features 40+ showcase technologies & solutions, 600+ attendees, over 30 technology sponsors with breakout sessions, showcase booths and demos, 22+ subject matter expert keynotes & panelists, client excellence awards, executive luncheon & forum. Showcase technologies include: artificial intelligence, cloud, hyperconverged infrastructure, software defined data center, business continuity and disaster recovery, security, networking, nda sessions and more. See http://www.socaltech.com/calendar/eventid/26504 October 23, Santa Monica -- *Preccelerator Class 12 Demo Day* Preccelerator Class 12 Demo Day. The Preccelerator Program Class 12 Demo Day kicks off on October 23rd @ 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 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. See http://www.socaltech.com/calendar/eventid/26549 October 24, Los Angeles -- *Growth Capital Conference* Growth Capital Conference. Pitch to and Network with invvestors: Angels, VCs High Net Worths,Strategic Partners and 100 entrepreneurs needing capital. DEAL DISPLAYtm showcases growing firms needing capital & counsel.View products, videos, online demos.Hot Networking Breakfast at 7:00 AM sharp. See http://www.socaltech.com/calendar/eventid/26538 October 30, Irvine -- *25th Annual Economic Forecast Conference - Orange County Business Council* OCBC 25th Annual Economic Forecast Conference. The 25th Annual Economic Forecast Conference at Hotel Irvine is hosted by Orange County Business Council and California State University, Fullerton. This annual conference offers critical economic indicator insight to the leading business, government and academic leaders in Orange County. See http://www.socaltech.com/calendar/eventid/26456 ------------------------------ *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. 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. 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