*socaltech.com <http://socaltech.com> TechNews - Monday, January 6, 2020* 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 * - PayPal Completes $4 Billion Acquisition Of Honey <#0079336> - Phyn Expands Water Monitoring Products <#0079340> - Teledyne Buys OakGate Technology <#0079337> - Triton Digital Links Into Rubicon Project <#0079338> - OpenGate Capital Acquires Delaney Hardware Company <#0079339> - DICE Setting Up New LA Studio <#0079335> - Illumina, Pacific Biosciences Call Off $1.2 Billion Merger <#0079334> - Interview with Matt Danna, Co-founder and CEO, Boulevard <#0079333> - Reflections On 2019: Peter Cowen, Sutton Capital Partners <#0079332> - Sonos Under Fire For "Recycle Mode" <#0079331> *Marketplace* - UK Government's Department for International Trade (DIT) <#ad756> - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - Pacific Western Bank, Venture Banking Group – Brian Weber <#ad749> - BDO - Southern California Technology Industry Team <#ad737> - Stubbs Alderton & Markiles Preccelerator <#ad694> - Stradling <#ad608> *Monday, January 6, 2020* *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 *PayPal Completes $4 Billion Acquisition Of Honey* <http://www.socaltech.com/fullstory/0079336.html> San Jose-based PayPal Holdings said this morning that it has completed its $4 billion cash acquisition of Los Angeles-based Honey, the developer of a browser plug-in that helps consumers find the best coupons for purchases when they are shopping online. According to PayPal, the deal will "transform the shopping experience for PayPal's consumers while increasing sales and customer engagement for its merchants. (More... <http://www.socaltech.com/fullstory/0079336.html>) *Phyn Expands Water Monitoring Products* <http://www.socaltech.com/fullstory/0079340.html> Torrance-based Phyn, the Belkin spinoff which develops very advanced hardware used to monitor the usage of water in the home, has expanded its portfolio of products, the company said over the weekend at CES. According to the company, it has added two new products to its XL series of products, the Phyxl XL 1.5" and Pyn XL 2". (More... <http://www.socaltech.com/fullstory/0079340.html>) *Teledyne Buys OakGate Technology* <http://www.socaltech.com/fullstory/0079337.html> Thousand Oaks-based Teledyne Technologies, which owns a diverse set of businesses across the instrumentation, digital imaging, aerospace and defense electronics areas, said today that one of its subsidiaries, Teledyne LeCroy, has acquired Loom is, California-based OakGate Technology. Financial terms of the acquisition were not announced. OakGate develops software and hardware used to test electronic data storage devices from development through manufacturing and end-use applications. (More... <http://www.socaltech.com/fullstory/0079337.html>) *Triton Digital Links Into Rubicon Project* <http://www.socaltech.com/fullstory/0079338.html> Los Angeles-based digital audio and podcast advertising provider Triton Digital said today that its marketplace is now included in the Rubicon Project's ad exchange, in a deal which will increase access to its digital audio and podcast supply. (More... <http://www.socaltech.com/fullstory/0079338.html>) *OpenGate Capital Acquires Delaney Hardware Company* <http://www.socaltech.com/fullstory/0079339.html> Los Angeles-based private equity investor OpenGate Capital has made another acquisition this morning, via its portfolio company, Sargent and Greenleaf. According to OpenGate Capital, Sargent and Greenleaf, which develops high security locks, has acquired Delaney Hardware Company, a provider of security related hardware products. Financial details of the acquisition were not announced. Delaney Hardware is a provider of security related hardware products. (More... <http://www.socaltech.com/fullstory/0079339.html>) *DICE Setting Up New LA Studio* <http://www.socaltech.com/fullstory/0079335.html> DICE, a game studio owned by Electronic Arts, is setting up a new studio in Los Angeles, to be headed by game designer Vince Zampella, according to an interview with Zampella in the LA Times. Zampella was co-founder of Respawn Entertainment, known for its Titanfall title, and was at Infinity Ward working on the Call of Duty game franchise. Respawn Entertainment was acquired in 2017 by Electronic Arts. (More... <http://www.socaltech.com/fullstory/0079335.html>) *Illumina, Pacific Biosciences Call Off $1.2 Billion Merger* <http://www.socaltech.com/fullstory/0079334.html> San Diego-based life sciences equipment maker Illumina, and Pacific Biosciences of California have called off a $1.2 billion merger and acquisition deal, where Illumina had sought to acquire Pacific Biosciences. The two had previously announced the merger and acquisition deal in November of 2018. According to the two, the cancellation came due to the "lengthy regulatory approval process the transaction has already been subject to and continued uncertainty of the ultimate outcome" of the deal. ( More... <http://www.socaltech.com/fullstory/0079334.html>) *Interview with Matt Danna, Co-founder and CEO, Boulevard* <http://www.socaltech.com/fullstory/0079333.html> If you run a salon or spa, how do you tackle the challenges of scheduling and your point-of-sale? Los Angeles-based Boulevard (www.joinblvd.com) has develops business management software to help premium salons and spas with their operations. The company is lead by Matt Danna, who previously was at Fullscreen, and is backed by Index Ventures and Bonfire Ventures. (More... <http://www.socaltech.com/fullstory/0079333.html>) *Reflections On 2019: Peter Cowen, Sutton Capital Partners* <http://www.socaltech.com/fullstory/0079332.html> Every year, at the end of the year, we share some reflections on the past year from our readers, entrepreneurs, venture capitalists, sponsors, and others in the local technology community. Today, we share the thoughts of Peter Cowen, Managing Director of Sutton Capital Partners ( www.suttoncapitalpartners.com). Socaltech has partnered with Sutton Capital Partners with their Recurring Revenue Conference for several yars. (More... <http://www.socaltech.com/fullstory/0079332.html>) *Sonos Under Fire For "Recycle Mode"* <http://www.socaltech.com/fullstory/0079331.html> Santa Barbara-based smart speaker manufacturer Sonos is being panned for its new "Recycle Mode" and trade-up program, which deliberately bricks its older devices. Sonos is selling its trade up program as a way to be "environmentally friendly"; however, according to electronics recycling facilities, those older devices still have a lot of value on the used market, and are forcing useful equipment to be scrapped instead. (More... <http://www.socaltech.com/fullstory/0079331.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 *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 *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 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 BuildOps <http://www.socaltech.com/intelligence/?action=showdeal&id=98630> Santa Monica $5.80 M 11/04/19 Boulevard <http://www.socaltech.com/intelligence/?action=showdeal&id=98629> Santa Monica $11.00 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 8, Monrovia -- *MADIA Meet-up* MADIA Meet-Up with Seatrec Inc.’s Founder and CEO, Dr. Yi Chao, Jan. 8, 2020, 6:30-8:30 p.m., ON SITE @ Seatrec, 911 S Primrose Ave, Ste. J, Monrovia, CA 91016. Join us and underwater drone renewable power developer Seatrec on January 8. Dr. Yi Chao will lead a tour and discuss “From Scientist to CEO to First Commercial Sale, How We Spun-Out an Idea, Made Connections, Raised Money, and Built and Managed a Great New Company.” (Check out Seatrec @ https://Seatrec.com/.) Tickets include pizza and soda. Bring your friends and checkout the entrepreneurial scene at the heart of San Gabriel Valley. See http://www.socaltech.com/calendar/eventid/26608 January 14, Santa Monica -- *Preccelerator Workshop: Driving with Data w/ Sari M. Kern* Preccelerator Workshop: Driving with Data w/ Sari M. Kern. All companies generate information from the day-to-day operations. The question is: how can businesses organize and use this data to drive success? This workshop will walk you through the steps of how to use data to inform strategy and make decisions. See http://www.socaltech.com/calendar/eventid/26610 January 16, Santa Monica -- *LA CEOs: Sales - Close More Business and Scale* LA CEOs: Sales - Close More Business and Scale. Start off your year with LA's top tech CEOs and our special guest Carrie Lauby, an LA-based sales expert with over 25 years growing B2B2C SaaS companies. This sponsor supported FREE event is restricted to qualified CEOs & CFOs only. Confirmed RSVP required.. See http://www.socaltech.com/calendar/eventid/26603 January 21, Santa Monica -- *AppSec California 2020 - by OWASP* Join your Information Security and Developer peers on the beach! Training classes start Jan 21, with the keynotes, talks and CTFs starting Jan 23. There will be 4 concurrent break-out sessions throughout both speaker days. The best speakers from around the world have been gathering at AppSec California now for six years. We guarantee you will leave the conference with lots of new knowledge and curiosity. An outdoor reception will allow conference goers to enjoy the ocean breezes as they sip on drinks and munch on appetizers on Jan 23. See http://www.socaltech.com/calendar/eventid/26601 January 25, Pasadena -- *Caltech Entrepreneurs Forum - Entrepreneur Lessons Learned * Caltech Entrepreneurs Forum - Entrepreneur Lessons Learned. The innovation arena is blessed with founders, investors and others ready to share insights. What’s not so often clear is which of the many admonishments was key to a particular venture’s journey. We’ve asked our speakers to include in their presentations examples highlighting oft-overlooked elements of success (or failure). See http://www.socaltech.com/calendar/eventid/26602 January 28, Malibu -- *Startup World Cup - SoCal Regional hosted by LAVA and Pepperdine* Startup World Cup - SoCal Regional hosted by LAVA and Pepperdine. Startup World Cup ("SWC") offers innovation and entrepreneurship opportunities for the startup ecosystem around the world via a global series of startup conferences and competitions that bring together phenomenal startups, VCs, and world-class tech CEOs. Startups worldwide first compete at regional events, and the regional finalists will showcase themselves at the Grand Finale event in San Francisco and compete for a $1m investment prize. Application deadline January 10th. See http://www.socaltech.com/calendar/eventid/26595 January 30, Los Angeles Westside -- *Growth Capital Conference* Growth Capital Conference. Pitch to & Network with Investors: Angels, VCs, High Net Worths, Strategic Partners and 100 entrepreneurs seeking capital & counsel. DEAL DISPLAYtm showcases growing firms needing capital. View products, videos, online demos. Hot Networking Breakfast at 7:00am sharp. See http://www.socaltech.com/calendar/eventid/26594 January 30, Newport Beach -- *Pitch and Learn With Investors* Pitch and Learn With Investors. Pitch and Learn engages and educates entrepreneurs on the art of pitching to 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 1-minute pitch tickets and only 4 3-minute pitch tickets available for entrepreneurs to pitch. 1 presenter per company. See http://www.socaltech.com/calendar/eventid/26606 January 30, Newport Beach -- *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. See http://www.socaltech.com/calendar/eventid/26609 ------------------------------ *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. All rights reserved. socalTECH.com - Dedicated to High Tech in Southern California http://www.socaltech.com/ SOCALTECH LLC 4607 Lakeview Canyon Road, Suite 290, Westlake Village, CA 91361
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