*socaltech.com <http://socaltech.com> TechNews - Friday, December 13, 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 * - AT&T 5G Now Live In LA, San Diego <#0079277> - EDF Renewables Links With Solar Tracking Firm <#0079279> - Arrowhead Pharmaceuticals Names New Director <#0079278> - Rocket Lab Sets Up First US Launch Site <#0079276> - String Of High Profile Ring Camera Hacks Linked To Discord Streamers <#0079275> - Lyft Launches Car Rentals In LA <#0079274> - CurtCo, Founded By Former Robb Report Owner, Launches Podcasting Venture <#0079273> - Ring: No Breach In Ring Security <#0079272> - Report: Angel Investors Gain From Investing In Every Deal <#0079271> - NextGen Healthcare Acquires OTTO Health <#0079269> *Marketplace* - UK Government's Department for International Trade (DIT) <#ad756> - BDO - Southern California Technology Industry Team <#ad737> - Pacific Western Bank, Venture Banking Group – Brian Weber <#ad749> - Stubbs Alderton & Markiles Preccelerator <#ad694> - Early Stage Commercial Insurance - Pacific Unified Insurance Agency <#ad596> *Friday, December 13, 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 *AT&T 5G Now Live In LA, San Diego* <http://www.socaltech.com/fullstory/0079277.html> AT&T says its next generation, 5G network is now live in both Los Angeles and San Diego, as it begins a nationwide rollout of its 5G network. According to AT&T, the rollout of its 5G network--which currently is only accessible with the Samsung Galaxy Note10+ 5G--brings the total number of markets to ten, with plans to start building its nationwide service in the first half of 2020. (More... <http://www.socaltech.com/fullstory/0079277.html>) *EDF Renewables Links With Solar Tracking Firm* <http://www.socaltech.com/fullstory/0079279.html> San Diego-based renewable power developer EDF Renewables North America has linked with Array Technologies, a developer of single-axis solar tracking systems, to deploy those tracking systems on about two gigawatts of solar power projects being developed by EDF Renewables. Financial details of the deal were not announced. (More... <http://www.socaltech.com/fullstory/0079279.html>) *Arrowhead Pharmaceuticals Names New Director* <http://www.socaltech.com/fullstory/0079278.html> Pasadena-based Arrowhead Pharmaceuticals announced this morning that it has named Marianne De Backer, Ph.D., as an independent director for the company. Backer is Executive Vice President, Head of Global Business Development & Licensing, and a member of the Executive Committee of the Pharmaceuticals Division of Bayer AG, and she also served at Johnson & Johnson. (More... <http://www.socaltech.com/fullstory/0079278.html>) *Rocket Lab Sets Up First US Launch Site* <http://www.socaltech.com/fullstory/0079276.html> Huntington Beach-based Rocket Lab, the satellite rocket launch developer, has set up its first U.S. launch site, at the Mid-Atlantic Regional Spaceport on Wallops Island in Virginia. The launch site, which is it second, is in addition to an existing launch complex the company has in New Zealand. At a press conference at Wallops Island on Thursday, Rocket Lab said construction on its Launch Complex 2 started in February. (More... <http://www.socaltech.com/fullstory/0079276.html>) *String Of High Profile Ring Camera Hacks Linked To Discord Streamers* <http://www.socaltech.com/fullstory/0079275.html> The string of high profile hacks of Ring cameras--with major coverage by media outlets nationwide over the last two days--has been tracked back to a podcast, according to a report from Vice. According to the Vice article, a podcast that was being streamed on Discord was behind multiple takeovers of people's Ring cameras, including one where a hacker terrorized and 8-year old in her bedroom and one where racist comments were shouted at Florida couple. (More... <http://www.socaltech.com/fullstory/0079275.html>) *Lyft Launches Car Rentals In LA* <http://www.socaltech.com/fullstory/0079274.html> Lyft said on Thursday that it has launched a new car rental service in Los Angeles, as part of an expansion of its services. According to Lyft, the new service--which is currently only available in LA and the Bay Area--is aimed at providing a vehicle to people who need to go longer distances. Lyft said it would rent cars for weekend getaways, business trips, and to run errands, all from its app. (More... <http://www.socaltech.com/fullstory/0079274.html>) *CurtCo, Founded By Former Robb Report Owner, Launches Podcasting Venture* <http://www.socaltech.com/fullstory/0079273.html> Malibu-based CurtCo a new startup founded by a veteran of the magazine business, is taking on the podcasting market, and has launched what it says is a new "podcast platform". The startup, led by William (Bill) Curtis, says it has launched six original series, and will be introducing several more focused on such areas as politics, medicine, Hollywood filmmakers, luxury cars, wines as well as engaging scripted narratives and comedies. ( More... <http://www.socaltech.com/fullstory/0079273.html>) *Ring: No Breach In Ring Security* <http://www.socaltech.com/fullstory/0079272.html> Santa Monica-based Ring says that the widely publicized video this morning of a hacker taking over a Ring security camera and terrorizing an 8-year old is "no way related to a breach or compromise of Ring's security." The video--shown by NBC News--shows someone talking through a Ring camera at a terrified 8-year old. The 8-year old's parents apparently had installed a Ring camera in order to monitor their daughter's bedroom. (More... <http://www.socaltech.com/fullstory/0079272.html>) *Report: Angel Investors Gain From Investing In Every Deal* <http://www.socaltech.com/fullstory/0079271.html> A new report, from AngelList, says that angel investors at the see stage would increase their expected return by broadly indexing into every credible deal they see. AngelList claimed in its report, Startup Growth and Venture Returns, that someone who "blindly invests in every credible deal" would do better than an angel investor who happened to miss "the best-performing seed investment". AngelList's service is aimed at promoting seed investment. (More... <http://www.socaltech.com/fullstory/0079271.html>) *NextGen Healthcare Acquires OTTO Health* <http://www.socaltech.com/fullstory/0079269.html> Irvine-based NextGen Healthcare, which provides practice management software for the medical, behavioral and dental providers, has made another acquisition, saying today that it has agreed to acquire OTTO Health, a provider of software used for virtual visits. Financial terms of the acquisition were not announced. According to NextGen Healthcare, OTTO Health's virtual visit software is used in rural areas where access to health care is often lacking. (More... <http://www.socaltech.com/fullstory/0079269.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 *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 *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] *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] ------------------------------ *Recent Funding <#funding>* 12/11/19 XOKind <http://www.socaltech.com/intelligence/?action=showdeal&id=99036> San Diego $1.60 M 12/11/19 Camino Financial <http://www.socaltech.com/intelligence/?action=showdeal&id=99037> Los Angeles $8.00 M 11/20/19 Mythical Games <http://www.socaltech.com/intelligence/?action=showdeal&id=98807> Sherman Oaks $19.00 M 11/13/19 Avidity Biosciences <http://www.socaltech.com/intelligence/?action=showdeal&id=98748> La Jolla $100.00 M 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 10/31/19 AutoVitals, Inc. <http://www.socaltech.com/intelligence/?action=showdeal&id=98799> Santa Barbara $0.00 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html December 17, Santa Monica -- *Preccelerator Workshop: Term Sheets w/ Caroline Cherkassky & Kelly Laffey* Preccelerator Workshop: Term Sheets w/ Caroline Cherkassky & Kelly Laffey. Topics that will be covered include: Type of financing: convertible notes vs SAFEs vs priced equity rounds Convertible notes and SAFEs: caps, discounts, and other key terms Priced equity rounds: economic provisions, voting rights, and other key terms. See http://www.socaltech.com/calendar/eventid/26592 ------------------------------ *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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