*socaltech.com <http://socaltech.com> TechNews - Monday, December 16, 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 * - HemaCare Acquired For $380M <#0079280> - Rocket Lab Puts $7.5M Mission Coin On Their E-Commerce Site <#0079282> - Qpex Biopharma Gets $20M From BARDA <#0079281> - Citadel Defense Reports US Government Deployments Of Drone Defense <#0079283> - AT&T 5G Now Live In LA, San Diego <#0079277> *Marketplace* - Pacific Western Bank, Venture Banking Group – Brian Weber <#ad749> - BDO - Southern California Technology Industry Team <#ad737> - UK Government's Department for International Trade (DIT) <#ad756> - Facilitated Off-Site Planning for Growth Companies and Venture Firms <#ad753> *Monday, December 16, 2019* *Become a Socaltech Supporter!* Interested in letting Southern California's high tech community know you are here for them? Want to reach Southern California's movers and shakers? Become a SPONSOR or SOCALTECH SUPPORTER! Our sponsors and supporters are featured on our website, and online service provider directory, as well as in our newsletter multiple times per week. It's a great way to both get the word out about your services, as well as support our news coverage of local companies across the tech industry! Contact [email protected] for details. *HemaCare Acquired For $380M* <http://www.socaltech.com/fullstory/0079280.html> Northridge-based HemaCare, which develops products for the cell therapy market, has been acquired by Charles River Laboratories International, in a deal worth $380M in cash, the companies announced early this morning. HemaCare develops human-derived cellular products for cell therapy, providing a wide range of human primary cell types, plus cell processing services to support the discovery, development, and manufacture of cell therapies. (Funding Details <https://www.socaltech.com/intelligence/?action=showco&id=7250>)(More... <http://www.socaltech.com/fullstory/0079280.html>) *Rocket Lab Puts $7.5M Mission Coin On Their E-Commerce Site* <http://www.socaltech.com/fullstory/0079282.html> Huntington Beach-based Rocket Lab, the provider of small satellite rocket launches, has just put a "Gold Mission Success Coin" on its e-commerce website for a mere $7.5M, in what clearly is a bit of spaceflight humor. According to Rocket Lab, the "Gold Mission Success Coin" can either be purchased on its e-commerce website, or it is included free with the purchase of dedicated launch on Rocket Labs Electron vehicle. (More... <http://www.socaltech.com/fullstory/0079282.html>) *Qpex Biopharma Gets $20M From BARDA* <http://www.socaltech.com/fullstory/0079281.html> S (More... <http://www.socaltech.com/fullstory/0079281.html>) *Citadel Defense Reports US Government Deployments Of Drone Defense* <http://www.socaltech.com/fullstory/0079283.html> San Diego-based Citadel Defense, which develops counter-drone technology to help detect and identify unauthorized drones, claims it has deployed its technology for three, undisclosed U.S. government agencies. According to the company, it has been working over the past six months to deploy its counter-drone technology, both domestically and abroad. The company said those deployments were all through a pilot program. (More... <http://www.socaltech.com/fullstory/0079283.html>) *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>) *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 *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 ------------------------------ *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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