*socaltech.com <http://socaltech.com> TechNews - Tuesday, November 12, 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 * - Snap Starts Selling Pricey Spectacles 3 <#0079135> - J2 Global Looks To Raise $500M In Debt Offering <#0079131> - Cornerstone Ties Into Virtual Reality Training <#0079134> - Semtech Wins Smart Grid Design <#0079132> - Zyxel Launches New Security Products For Home Gateways <#0079133> - Inhibrx Abandons IPO Plans, For Now <#0079130> *Marketplace* - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - UK Government's Department for International Trade (DIT) <#ad756> - Pacific Western Bank, Venture Banking Group – Brian Weber <#ad749> *Tuesday, November 12, 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 *Snap Starts Selling Pricey Spectacles 3* <http://www.socaltech.com/fullstory/0079135.html> Venice-based Snap, the parent company of Snapchat, is continuing in its quest to add hardware to its products, with the introduction of its third generation Spectacles, the Spectacles 3. Snap has started taking pre-orders for the pricey glasses, capable of capturing 3D content, for the price of only $380. Snap says that the new Spectacles can capture both 3D photos and videos at 60 fps, and includes four built-in microphones for capturing immersive audio. (More... <http://www.socaltech.com/fullstory/0079135.html>) *J2 Global Looks To Raise $500M In Debt Offering* <http://www.socaltech.com/fullstory/0079131.html> Los Angeles-based J2 Global is looking to raise $500M in convertible debt from institutinoal buyers, the company said late Monday, to pay off an existing senior secured credit facility and for general corporate purposes, possibly including acquisitions. According to J2 Global, the new convertible senior notes will be due in 2026. J2 Global says that it does not have any agreements or commitments for any "material acquisitions" or investments at this time. (More... <http://www.socaltech.com/fullstory/0079131.html>) *Cornerstone Ties Into Virtual Reality Training* <http://www.socaltech.com/fullstory/0079134.html> Santa Monica-based Cornerstone OnDemand is dipping its toes into the world of virtual reality training, saying today that it is in a new collaboration with Facebook's Oculus, to enable VR training at work. According to Cornerstone, it will work with Oculus for Business to let shared clients build apps that can seamlessly track VR training completion data directly within the Cornerstone Learning Management System (LMS). (More... <http://www.socaltech.com/fullstory/0079134.html>) *Semtech Wins Smart Grid Design* <http://www.socaltech.com/fullstory/0079132.html> Camarillo-based analog and mixed signal semiconductor maker Semtech has scored a new design win in the smart energy grid market, saying today that CAHORS Group, a manufacturer of monitoring products for smart grids, will use the company's LoRa devices and the LoRaWAN protocol in its line fault detection products. Financial impact of the win were not announced. CAHORS Group develops products which are used to detect issues in smart grid networks. (More... <http://www.socaltech.com/fullstory/0079132.html>) *Zyxel Launches New Security Products For Home Gateways* <http://www.socaltech.com/fullstory/0079133.html> Anaheim-based networking products maker Zyxel Communications says it has launched a new, security product for its residential gateways and devices. According to Zyxel, it has integrated cyber security software from F-Secure into its products, which will allow service providers to protect their subscribers. Zyxel says its products will now feature eHomeShield powerd by F-Secure, to help protect internet-connected devices such as smart TVs, gaming consoles or webcams. (More... <http://www.socaltech.com/fullstory/0079133.html>) *Inhibrx Abandons IPO Plans, For Now* <http://www.socaltech.com/fullstory/0079130.html> La Jolla-based *Inhibrx <http://www.inhibrx.com>*, a biopharmaceuticals developer which was focused on protein engineering technology, has filed to withdraw its IPO, saying it "does not intend to pursue the contemplated public offering at this time." The company--which had applied to list as INBX on the Nasdaq Global Market--had been seeking to raise up to $74.75M in its IPO. The offering had been underwritten by Evercore ISI, Barclays, Nomura, and Raymond James.(More... <http://www.socaltech.com/fullstory/0079130.html>) *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 *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] ------------------------------ *Recent Funding <#funding>* 11/06/19 HMBradley <http://www.socaltech.com/intelligence/?action=showdeal&id=98692> Santa Monica $3.50 M 11/06/19 Valence <http://www.socaltech.com/intelligence/?action=showdeal&id=98693> Los Angeles $2.50 M 11/05/19 Clarify Medical <http://www.socaltech.com/intelligence/?action=showdeal&id=98631> San Diego $18.00 M 11/04/19 Boulevard <http://www.socaltech.com/intelligence/?action=showdeal&id=98629> Santa Monica $11.00 M 11/04/19 BuildOps <http://www.socaltech.com/intelligence/?action=showdeal&id=98630> Santa Monica $5.80 M 10/29/19 Scopely <http://www.socaltech.com/intelligence/?action=showdeal&id=98626> Culver City $200.00 M 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html November 13, Los Angeles -- *Tech + Homeless: A Call to Action* Tech + Homeless: A Call to Action. Join the tech and investor community for an evening of connection at Sutton Capital’s Tech+Homelessness: A Call to Action, Wed November 13, 5:00-8:30pm @ ExpertDojo. Hear from innovators, social entrepreneurs thought leaders, and experts committed to making change in LA. Learn how a coding bootcamp for homeless women provides a path to meaningful employment; hear from a doctor who delivers street medicine and a surprising partnership where a tech CEO made dreams come true for people living in their cars. Our goal is to engage, activate and inspire you to make a commitment to impact homelessness. See http://www.socaltech.com/calendar/eventid/26584 November 13, Santa Monica -- *Preccelerator Class 12 Demo Day + Alumni Showcase!* Preccelerator Class 12 Demo Day + Alumni Showcase! Clear your calendar - It's going down! The Preccelerator ® Program Class 12 Demo Day kicks off on November 13th @ 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/26574 November 14, Irvine -- *Pitch and Learn With Investors* Pitch and Learn With Investors. Pitch and Learn is meant to engage and educate entrepreneurs on the art of pitching to investors. Every pitching entrepreneur will have the opportunity to pitch their business, receive feedback from seasoned investors and then pitch again using investors’ input. The event is open to anyone to attend however, there are only 20 available tickets/seats for entrepreneurs to pitch. 1 Pitching person per company. Presenters: Pitch intimately to investors Obtain immediate and direct feedback on the pitch Get coached one-on-one by seasoned investors Pitch again for a second round Win prizes A great way to learn and build relationships Get your tickets today! Date: Thursday, November 14, 2019 Time: 6:00 PM to 9:00 PM Location: WeWork - The Boardwalk 18575 Jamboree Rd., #6 Irvine, CA 92612 About Pismo Ventures: Pismo Ventures is a venture studio focusing on startups varying in stage from pre-seed through series A. We invest resources; provide proven business strategies, implementation and execution; develop high-end software and technology solutions and facilitate funding. Our unique approach and experience help startups minimize risk and increase the likelihood of success. See http://www.socaltech.com/calendar/eventid/26583 November 14, Santa Monica -- *LAVA Digital Media: The Military & Digital Media: Comrades in Arms* The Military & Digital Media: Comrades in Arms. LAVA. Since the advent of the vaunted “military industrial complex,” emerging media technologies for training, tracking, communications, public safety and combat have been integrated into the U.S. military’s strategy, tactics and budget. Indeed, many consumer applications we now take for granted like VR--even the internet itself-- were developed with Department of Defense dollars. VR, AR, AI, video-enabled drones and all manner of digital media systems and devices are deployed in the name of defense, the cause of offense, and, depending on circumstances, control or protection of the U.S. citizenry. Video is critical to these basic applications and beyond, including “deep fakes” in espionage, or offshoots for science, such as NASA probes. And the numbers are huge. Globally, military spending has already increased from $586 billion in 2015 to $716 billion in 2019. Come hear how working with the military works and the investment (and valuation) opportunities in this sector.. See http://www.socaltech.com/calendar/eventid/26585 November 14, Burbank -- *Masters of Game Design Speaker Series w/ Voldi Way* Masters of Game Design Speaker Series w/ Voldi Way. Join WayForward's "Tyrannical Overlord" Voldi Way (Shantae series, Adventure Time, Duck Tales Remastered, TMNT, Aliens Infestation, Mighty Switch Force!, A Boy and his Blob and many, many more!) in a chat with NYFA's Scott Rogers (God of War, author of Level Up! The Guide to Great Game Design) as they discuss Voldi's career running one of the longest lasting independent game studios. Learn the secrets of the gaming industry from one of the best. Attendance is open to Game Industry Professionals, Students and the entire gaming community. WHEN: Thursday, November 14th from 6:30pm - 9:00pm Food will be served at 6:30pm outside of the NYFA Theater and event will begin at 7:00pm at the NYFA theater (2nd floor). WHERE: New York Film Academy, Los Angeles is located at 3300 Riverside Drive, Burbank, CA. Our entrance is located on Warner Blvd. RSVP to: [email protected] (Be sure to list the event name in the subject line. See http://www.socaltech.com/calendar/eventid/26579 November 16, Pasadena -- *Caltech Entrepreneurs Forum - Transportation* Caltech Entrepreneurs Forum - Transportation. Emerging Opportunities in Urban Mobility and the Business Models It Will Enable. The ways that people and products move around cities worldwide are rapidly changing. As traditional car ownership declines, companies are offering cost-effective alternatives powered by new technology and networks. The secondary effects are changing the nature of businesses: traditional retail and restaurant experiences are being replaced by on-demand delivery; Transportation-as-a-Service is now viable and cities are partnering with startups to deliver competitive options for mass transit. Join John Roussant and a panel of nationally recognized visionaries, vehicle manufacturers, startups and investors in the advanced mobility space who will explain the massive changes and focus on opportunities for innovation. See http://www.socaltech.com/calendar/eventid/26572 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 19, Santa Monica -- *Preccelerator Workshop: Pivoting with Constraints w/ Jim Cooper, Braid Theory* Preccelerator Workshop: Pivoting with Constraints w/ Jim Cooper, Braid Theory. Pivoting with Constraints Direction and position of a company's pivot, relative to risk and other factors, strongly affects how a startup progresses through barriers and objects in the market. These constraints can be difficult for a startup to identify, navigate and adjust to. By applying the constraint model, allows alignment to pivoting. To know more about this characteristic of constraints, make sure you're familiar with the "axis" of your company. Pivoting can be disastrous for some companies without intellectual capital and customer evidence to support the move. In this workshop we investigate the challenges. See http://www.socaltech.com/calendar/eventid/26577 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 November 25, 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/26523 November 26, 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/26524 November 27, 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/26525 November 28, 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/26526 November 29, 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/26527 November 30, 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/26528 December 1, 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/26529 ------------------------------ *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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