*socaltech.com <http://socaltech.com> TechNews - Friday, October 25, 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 * - Allied Esports Lands Deal With TV Azteca For Latin American Gears League <#0079061> - Scientist.com Expands Support For Ethical Animal Treatment <#0079060> - Report: SpaceX May Conduct Crew Dragon Test Next Week <#0079059> - Qualcomm Creates $200M 5G Investment Fund <#0079058> - Report: Fair Cuts Nearly Half Of Staff, Replaces CFO <#0079057> - Heal Links With Alignment Healthcare For Primary Care Services <#0079056> - Virgin Galactic Set To Trade Monday On NYSE, After Reverse Merger <#0079055> - HelloOffice Sets Up Shop In LA <#0079054> - NextGen Healthcare Buys Topaz Information Solutions <#0079053> - Radicle Growth Invests $250K In WeedOUT <#0079052> *Marketplace* - Facilitated Off-Site Planning for Growth Companies and Venture Firms <#ad753> - UK Government's Department for International Trade (DIT) <#ad756> - Pacific Western Bank, Venture Banking Group – Brian Weber <#ad749> - BDO - Southern California Technology Industry Team <#ad737> - Stubbs Alderton & Markiles Preccelerator <#ad694> - Stradling <#ad608> *Friday, October 25, 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 *Allied Esports Lands Deal With TV Azteca For Latin American Gears League* <http://www.socaltech.com/fullstory/0079061.html> Irvine-based e-sports programming provider Allied Esports and Mexican television producer TV Azteca said this morning that the two have entered into an alliance, where Azteca Esports will broadcast the Gears 5 Pro League in Latin America. Financial details of the deal were not announced. According to the two, October 28, Azteca Esports will produce live, weekly coverage of the four-team Latin America region, including a live finale on November 25 at TV Azteca Studios in Mexico City. ( More... <http://www.socaltech.com/fullstory/0079061.html>) *Scientist.com Expands Support For Ethical Animal Treatment* <http://www.socaltech.com/fullstory/0079060.html> San Diego-based Scientist.com, which operates an online marketplace for outsourced research, says it has expanded support to make sure that animal welfare is included in its outsourcing. The company said that the expansion ensures that any non-human animals involved in scientific research are handled ethically and humanely. ( More... <http://www.socaltech.com/fullstory/0079060.html>) *Report: SpaceX May Conduct Crew Dragon Test Next Week* <http://www.socaltech.com/fullstory/0079059.html> Hawthorne-based SpaceX may be getting set to run a test of its Crew Dragon, putting it back on track to put astronauts into space, six months after a test failure destroyed its prior Crew Dragon. According to CNBC, the static fire test of the capsule's SuperDraco engines are expected on November 2nd. Those engines--aimed at use at landing the Crew Dragon in an emergency--were the ones that failed in April, destroying the company's first Crew Dragon. ( More... <http://www.socaltech.com/fullstory/0079059.html>) *Qualcomm Creates $200M 5G Investment Fund* <http://www.socaltech.com/fullstory/0079058.html> San Diego-based Qualcomm said on Thursday that it has launched a new, $200M fund specifically to invest in companies in the 5G ecosystem. According to Qualcomm, the new Qualcomm Ventures 5G Ecosystem Fund will specifically lookin to invest in startups developing new and innovative 5G use cases, driving 5G network transformation and expanding 5G into enterprise markets. ( More... <http://www.socaltech.com/fullstory/0079058.html>) *Report: Fair Cuts Nearly Half Of Staff, Replaces CFO* <http://www.socaltech.com/fullstory/0079057.html> Santa Monica-based Fair, the subscription vehicle service lead by startup veteran Scott Painter, is laying off 40 percent of its staff, according to reports, and also is replacing its CFO. The report says that current CFO Tyler Painter, the brother of CEO Scott Painter, is being replaced by Kirk Shryoc. It's unclear what the reasons for the steep cuts are; the company had announced a big $100M debt and equity investment from Ally Financial only two months ago. ( More... <http://www.socaltech.com/fullstory/0079057.html>) *Heal Links With Alignment Healthcare For Primary Care Services* <http://www.socaltech.com/fullstory/0079056.html> Los Angeles-based in-home, doctor house-call provider Heal is making it possible for members of Alignment Health Plan to select Heal's licensed, board-certified doctors for primary care, the two said on Thursday. Financial details of the partnership were not announced. According to the two, the work together will offer up primary care for Alignment Healthcare's Medicare Advantage Health Plan members. ( More... <http://www.socaltech.com/fullstory/0079056.html>) *Virgin Galactic Set To Trade Monday On NYSE, After Reverse Merger* <http://www.socaltech.com/fullstory/0079055.html> Mojave-based Virgin Galactic is set to start trading on the NYSE as SPCE on Monday, after shareholders of a blank-shell merger company owned by Chamath Palihapitiya approved the reverse merger between the companies. The two had embarked on the effort to take Virgin Galactic public via a reverse merger back in May. The reverse merger came via Social Capital Hedosophia Holdings Corp., a special purpose acquisition company (SPAC). ( More... <http://www.socaltech.com/fullstory/0079055.html>) *HelloOffice Sets Up Shop In LA* <http://www.socaltech.com/fullstory/0079054.html> HelloOffice, a San Francisco-based real estate startup, is opening up an office in Los Angeles, after raising $6.5M in a funding round. The company said it raised funds from Initialized Capital, Founders Fund, Founder Collective, Peak State Ventures, SV Angel, Liquid 2 Ventures, SaaStr, and The House Fund. HelloOffice helps companies find office space, operating as a commercial real estate brokerage to help companies find office space. ( More... <http://www.socaltech.com/fullstory/0079054.html>) *NextGen Healthcare Buys Topaz Information Solutions* <http://www.socaltech.com/fullstory/0079053.html> Irvine-based NextGen Healthcare has acquired Topaz Information Solutions, a company offering up solutions in the behavioral health and social services area, the company said yesterday. Financial details of the acquisition were not announced. According to NextGen Healthcare, all employees of TopazIS have joined the company as part of the deal. NextxGen said the buy will help it accelerate market penetration into the behavioral health segment. ( More... <http://www.socaltech.com/fullstory/0079053.html>) *Radicle Growth Invests $250K In WeedOUT* <http://www.socaltech.com/fullstory/0079052.html> San Diego-based Radicle Growth, a startup investor which invests in innovative agtech and food tech startups, says it has awarded $250,000 to WeedOUT, an Israeli startup focused on the resistance of weeds to existing chemical herbicides. According to Radicle Growth, it made the investment in WeedOUT as part of the Radicle Challenge Israel, a competition to identify the most promising agtech and foodtech startups in Israel. ( More... <http://www.socaltech.com/fullstory/0079052.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 * 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 * 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 * 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/ * 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 <#funding> * 10/23/19 LegalMation <http://www.socaltech.com/intelligence/?action=showdeal&id=98616> Los Angeles $0.00 M 10/17/19 Invoca <http://www.socaltech.com/intelligence/?action=showdeal&id=98518> Santa Barbara $56.00 M 10/16/19 Labrador Systems <http://www.socaltech.com/intelligence/?action=showdeal&id=98517> Oak Park $2.00 M 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 ------------------------------ * Upcoming Events * Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html October 26, Los Angeles -- *LAVA First Time Entrepreneur Workshop * LAVA First Time Entrepreneur Workshop. The program is open to entrepreneurs that are starting companies in areas that are likely to draw venture capital investment. Those in attendance will learn how to: Determine the value of their 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. The program will take place on October 26th from 10:00am to 3:00pm. See http://www.socaltech.com/calendar/eventid/26558 October 28, Newport Beach -- *Medical Technology Innovation Forum 2019 * Medical Technology Innovation Forum 2019. OCTANe’s 14th Annual Medical Technology Innovation Forum (MTIF) will be held on October 28-29, 2019 in Newport Beach, California. MTIF is the largest and most important medtech industry conference in Southern California. This exciting event attracts a nationwide array of entrepreneurs, investors, medical device industry corporate leaders and R&D executives, as well as university scientists and researchers. We expect over 800 attendees at this event. See http://www.socaltech.com/calendar/eventid/26557 October 28, Los Angeles -- *Music Tectonics Conference* Music Tectonics Conference. Explore the seismic shifts shaking up the music industry as a result of technology & innovation. The first annual Music Tectonics Conference in Los Angeles October 28-29, 2019, is a destination event for innovators in music and technology. The conference speaker lineup brings together thinkers, doers and investors to explore the seismic shifts that are shaping the business of music. Labels, managers, publishers, tech companies, and startups will come together to map the new terrain.Music Tectonics is designed to promote cross-industry meeting, dealmaking, and big-picture conversations about music tech innovation.. See http://www.socaltech.com/calendar/eventid/26552 October 29, Los Angeles -- *Music Tectonics Conference* Music Tectonics Conference. Explore the seismic shifts shaking up the music industry as a result of technology & innovation. The first annual Music Tectonics Conference in Los Angeles October 28-29, 2019, is a destination event for innovators in music and technology. The conference speaker lineup brings together thinkers, doers and investors to explore the seismic shifts that are shaping the business of music. Labels, managers, publishers, tech companies, and startups will come together to map the new terrain.Music Tectonics is designed to promote cross-industry meeting, dealmaking, and big-picture conversations about music tech innovation.. See http://www.socaltech.com/calendar/eventid/26551 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 November 18, Los Angeles -- *AutoMobility 2019* AutoMobility LA is a press and trade event featuring vehicle debuts, auto-tech exhibits, competitions, speakers and networking events over the course of four days. Held in Los Angeles – the world’s top car-buying, luxury and EV market – AutoMobility LA is where the who’s who of mobility meet to gain insights, break news and do business. Join a diverse group of automakers, tech companies, media, designers, startups, investors, dealers, government officials, analysts and more for this must-attend event. See http://www.socaltech.com/calendar/eventid/26530 November 19, Los Angeles -- *AutoMobility 2019* AutoMobility LA is a press and trade event featuring vehicle debuts, auto-tech exhibits, competitions, speakers and networking events over the course of four days. Held in Los Angeles – the world’s top car-buying, luxury and EV market – AutoMobility LA is where the who’s who of mobility meet to gain insights, break news and do business. Join a diverse group of automakers, tech companies, media, designers, startups, investors, dealers, government officials, analysts and more for this must-attend event. See http://www.socaltech.com/calendar/eventid/26531 November 20, Los Angeles -- *AutoMobility 2019* AutoMobility LA is a press and trade event featuring vehicle debuts, auto-tech exhibits, competitions, speakers and networking events over the course of four days. Held in Los Angeles – the world’s top car-buying, luxury and EV market – AutoMobility LA is where the who’s who of mobility meet to gain insights, break news and do business. Join a diverse group of automakers, tech companies, media, designers, startups, investors, dealers, government officials, analysts and more for this must-attend event. See http://www.socaltech.com/calendar/eventid/26532 November 21, Los Angeles -- *AutoMobility 2019* AutoMobility LA is a press and trade event featuring vehicle debuts, auto-tech exhibits, competitions, speakers and networking events over the course of four days. Held in Los Angeles – the world’s top car-buying, luxury and EV market – AutoMobility LA is where the who’s who of mobility meet to gain insights, break news and do business. Join a diverse group of automakers, tech companies, media, designers, startups, investors, dealers, government officials, analysts and more for this must-attend event. See http://www.socaltech.com/calendar/eventid/26533 November 22, Los Angeles -- *Los Angeles Auto Show 2019* Los Angeles Auto Show 2019. The Los Angeles Auto Show welcomes visitors from Southern California and beyond to Los Angeles’ biggest annual gathering. Over the course of ten days, visitors come together to celebrate car culture, connect with their favorite automotive brands, test drive the latest vehicles, explore the nation’s largest public aftermarket showcase and even discover transportation services that are changing how we get from point A to point B. With a variety of activations and experiential showcases, the LA Auto Show has something for everyone. See http://www.socaltech.com/calendar/eventid/26520 November 23, Los Angeles -- *Los Angeles Auto Show 2019* Los Angeles Auto Show 2019. The Los Angeles Auto Show welcomes visitors from Southern California and beyond to Los Angeles’ biggest annual gathering. Over the course of ten days, visitors come together to celebrate car culture, connect with their favorite automotive brands, test drive the latest vehicles, explore the nation’s largest public aftermarket showcase and even discover transportation services that are changing how we get from point A to point B. With a variety of activations and experiential showcases, the LA Auto Show has something for everyone. See http://www.socaltech.com/calendar/eventid/26521 November 24, Los Angeles -- *Los Angeles Auto Show 2019* Los Angeles Auto Show 2019. The Los Angeles Auto Show welcomes visitors from Southern California and beyond to Los Angeles’ biggest annual gathering. Over the course of ten days, visitors come together to celebrate car culture, connect with their favorite automotive brands, test drive the latest vehicles, explore the nation’s largest public aftermarket showcase and even discover transportation services that are changing how we get from point A to point B. With a variety of activations and experiential showcases, the LA Auto Show has something for everyone. See http://www.socaltech.com/calendar/eventid/26522 ------------------------------ * 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. 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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