*socaltech.com <http://socaltech.com> TechNews - Tuesday, December 17, 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 * - ChromaCode Collects $28M <#0079290> - FDH Buys Aerospheres UK Ltd. <#0079293> - Tranphorm Gets Power Supply Win In Aviation Industry <#0079292> - PPG Invests $15.5M In Burbank Research Center <#0079291> - Hyperloop TT: Study Shows Great Lakes Hyperloop Will Be Profitable <#0079288> - Interview with Noramay Cadena, MiLA Capital <#0079287> - Vector Launch Files For Chapter 11 Bankruptcy <#0079285> - VideoAmp Partners With TiVo <#0079284> *Marketplace* - 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> - Stubbs Alderton & Markiles Preccelerator <#ad694> - Stradling <#ad608> *Tuesday, December 17, 2019* *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 *ChromaCode Collects $28M* <http://www.socaltech.com/fullstory/0079290.html> Carlsbad-based molecular diagnostics developer ChromaCode has raised $28M in a Series C funding, the company announced this morning, in a funding led by Northpond Ventures. The new funding round also included Windham Ventures, Moore Venture Partners the California Institute of Technology, plus New Enterprise Associates (NEA), Domain Associates and Okapi Ventures. As part of the funding round, ChromaCode said that Pat Smerkers of Northpond has joined the company's board. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showco&id=53511>)( More... <http://www.socaltech.com/fullstory/0079290.html>) *FDH Buys Aerospheres UK Ltd.* <http://www.socaltech.com/fullstory/0079293.html> El Segundo-based FDH, a supplier of hardware and replacement parts to commercial and defense aircraft manufacturers, subcontractors, component distributors and others, has acquired Aerospheres UK Ltd., a distrbutor of aerospace aftermarket chemicals, composites and other consumable materials for maintenance applications and MRO service providers. Financial terms of the acquisition were not announced. FDH is owned by private equity investor Audax Private Equity. (More... <http://www.socaltech.com/fullstory/0079293.html>) *Tranphorm Gets Power Supply Win In Aviation Industry* <http://www.socaltech.com/fullstory/0079292.html> Goleta-based Transphorm, which develops high voltage, gallium nitride (GaN) power semiconductors, has scored a design win in the aviation industry, saying that customer AES Aircraft Elektro/Elektronik System GmbH has released new power supplies based on its technology. Transphorm said that AES Aircraft Elektro/Elektronik System GmbH has released a new 650 V Ga-N power supply for use in such aircraft as the Airbus A318-A321, A330, A340, A380 and Boeing B767, B787 VIP aircraft. (More... <http://www.socaltech.com/fullstory/0079292.html>) *PPG Invests $15.5M In Burbank Research Center* <http://www.socaltech.com/fullstory/0079291.html> PPG, a $15.4 billion developer of paints, coatings and specialty materials based in Pittsburgh, says it has invested $15.5M in an upgrade of its Burbank research and technology center. According to PPG, the facility, which currently has more than 90 employees, has been upgraded with increased laboratory and testing space with climate-control capabilities, updated equipment to enhance its resources for the development of aerospace sealants and coatings, as well as an open floor plan. (More... <http://www.socaltech.com/fullstory/0079291.html>) *Hyperloop TT: Study Shows Great Lakes Hyperloop Will Be Profitable* <http://www.socaltech.com/fullstory/0079288.html> Playa Vista-based advanced transportation technology developer Hyperloop Transportation Technologies, one of the companies working on the Hyperloop transportation concept first devised by Elon Musk, says that a study--conducted in Ohio--shows one of its proposed routes "is profitable and makes sense". The study, published by a group called Transportation Economics and Management Systems, Inc. (More... <http://www.socaltech.com/fullstory/0079288.html>) *Interview with Noramay Cadena, MiLA Capital* <http://www.socaltech.com/fullstory/0079287.html> For our interview today, we have Noramay Cadena, a Partner at MILA Capital, who spoke to us earlier this year about the venture capital investment firm and what it looks for in entrepreneurs. The video version of this interview is here. What is MiLA Capital? Noramay Cadena: At MiLA Capital, we're creating community around early stage founders who are buildling hard things. (More... <http://www.socaltech.com/fullstory/0079287.html>) *Vector Launch Files For Chapter 11 Bankruptcy* <http://www.socaltech.com/fullstory/0079285.html> Vector Launch, a startup which was developing rockets for small satellite launches which had its engineering headquarters in Huntington Beach, has filed for Chapter 11 bankruptcy, and will sell some of its assets to Lockheed Martin, according to legal filings from the firm on Friday. The company also has laid off most of its 150 or so staff. Vector had suspended its operations in August and parted ways with its CEO. (More... <http://www.socaltech.com/fullstory/0079285.html>) *VideoAmp Partners With TiVo* <http://www.socaltech.com/fullstory/0079284.html> Santa Monica-based VideoAmp, the advertising technology startup which is backed by Raine Group, Ankona Capital, Mediaocean, and RTL Group, has partnered with cable and set top box and DVR provider TiVo, to bolster VideoAmp's TV Viewership data pool. According to the two, the partnership extends VideoAmp's data pool to cover 25 million devices in 19 million U.S. households. Financial details of the partnership were not announced. ( More... <http://www.socaltech.com/fullstory/0079284.html>) *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 *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>* 12/17/19 ChromaCode, Inc. <http://www.socaltech.com/intelligence/?action=showdeal&id=99144> Carlsbad $28.00 M 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 ------------------------------ *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 December 17, Santa Monica -- *LAVA Healthcare Presents: The ins-and-outs of celebrity partnerships and how it can increase your company's value.* *NEW* . See http://www.socaltech.com/calendar/eventid/26600 January 16, Santa Monica -- *LA CEOs: Sales - Close More Business and Scale* *NEW* . See http://www.socaltech.com/calendar/eventid/26603 ------------------------------ *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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