*socaltech.com <http://socaltech.com> TechNews - Wednesday, December 18, 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 * - GIGXR Acquires Assets Of Pearson Immersive Learning Group, Finds $1M <#0079302> - FDH Makes Another Acquisition, Of BTC Electronic Components <#0079300> - LA Bioscience Hub Joins HATCHspaces <#0079299> - Xencor Names New Chief Medical Officer <#0079301> - Report Pans Ring's Security Features <#0079298> - Trust & Will Adds $6M <#0079297> - Heal Partners With Sutter Health | Aetna <#0079296> - ChromaCode Collects $28M <#0079290> *Marketplace* - Pacific Western Bank, Venture Banking Group – Brian Weber <#ad749> - UK Government's Department for International Trade (DIT) <#ad756> - Facilitated Off-Site Planning for Growth Companies and Venture Firms <#ad753> - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> *Wednesday, December 18, 2019* *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 *GIGXR Acquires Assets Of Pearson Immersive Learning Group, Finds $1M* <http://www.socaltech.com/fullstory/0079302.html> Venice, California-based GIGXR, a new startup, has acquired the assets of Pearson Immersive Learning Group, a unit of publishing firm Pearson, and raised $1M in a seed funding round, the company disclosed today. Financial terms of the acquisition were not announced. GIGXR is led by CEO David King Lassman, who previously founded Vyclone. (More... <http://www.socaltech.com/fullstory/0079302.html>) *FDH Makes Another Acquisition, Of BTC Electronic Components* <http://www.socaltech.com/fullstory/0079300.html> El Segundo-based FDH, hardware and replacement parts to commercial and defense aircraft manufacturers, subcontractors, and others, has announced another acquisition--its second this week--of BTC Electronic Components. BTC Electronic Components is a Wake Forest, North Carolina-based distributor of connectors and accessories focused on aerospace, military and industrial end markets. Financial details of the acquisition were not announced. FDH is owned by Audax Private Equity. (More... <http://www.socaltech.com/fullstory/0079300.html>) *LA Bioscience Hub Joins HATCHspaces* <http://www.socaltech.com/fullstory/0079299.html> LA Bioscience HUB, a nonprofit which advocates for the bioscience industry in East Los Angeles, has joined forces HATCHspaces, a group developing real estate for emerging life science companies. According to the two, LA Bioscience Hub will help HATCHlabs become a "more active participant" in the effort to develop the bioscience industry, particularly in El Sereno. ( More... <http://www.socaltech.com/fullstory/0079299.html>) *Xencor Names New Chief Medical Officer* <http://www.socaltech.com/fullstory/0079301.html> Monrovia-based biopharmaceuticals developer Xencor announced this morning that it has named Allen Yang, M.D., Ph.D., as its new Senior Vice President and Chief Medical Officer. Yang was most recently Senior Vice President, Head of Clinical Development, and acting Chief Medical Officer at Jazz Pharmaceuticals. (More... <http://www.socaltech.com/fullstory/0079301.html>) *Report Pans Ring's Security Features* <http://www.socaltech.com/fullstory/0079298.html> In a continued barrage on Santa Monica-based Ring, Vice has published an article calling Ring's security "awful". The article complains that Ring leaves the onus of security on its users--who typically are not sophisticated enough to set up features like two factor authentication, or using better passwords. Vice has been running a series of articles on multiple hacking of Ring cameras--usually due to the choice of poor passwords or using previously compromised account names and credentials. ( More... <http://www.socaltech.com/fullstory/0079298.html>) *Trust & Will Adds $6M* <http://www.socaltech.com/fullstory/0079297.html> San Diego-based Trust & Will, a startup which offers up online services to help people create trusts, wills, and guardianships, has raised $6M in a new funding round, the company said on Tuesday. The Series A funding came from Link Ventures, Rise of the Rest Seed Fund, Western Technology Investment, Techstars Ventures, Luma Launch and Halogen Ventures. The startup had announced $2M in an earlier funding in January of 2019. Trust & Will was foudned by Cody Barbo, Daniel Goldstein, and Brian Lamb. (Funding Details <https://www.socaltech.com/intelligence/?action=showco&id=59377>)( More... <http://www.socaltech.com/fullstory/0079297.html>) *Heal Partners With Sutter Health | Aetna* <http://www.socaltech.com/fullstory/0079296.html> Los Angeles-based Heal, which provides in-home doctor's visits, has partnered with health plan provider Sutter Health | Aetna, in an effort which will make house calls available to the plan's members. According to the two, the deal will provide in-home house calls from Heal, starting January 1, 2020. Financial detais of the partnership were not announced. According to the two, members at Sutter Health | Aetna can schedule doctors' visits to a member’s home or office, from 8 a.m. to 8 p.m. (More... <http://www.socaltech.com/fullstory/0079296.html>) *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>) *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] *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 *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 ------------------------------ *Recent Funding <#funding>* 12/17/19 Trust & Will <http://www.socaltech.com/intelligence/?action=showdeal&id=99145> San Diego $6.00 M 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html January 16, Santa Monica -- *LA CEOs: Sales - Close More Business and Scale* *NEW* . 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